NERI TRANS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NERI TRANS
Largest movements
- Tangible fixed assets +€45,501
new in 2025: €45,501
- Receivables within one year -€26,363
down €26,363 (-61.5%), from €42,865 to €16,502
of which Trade receivables: -€29,743
- Cash -€5,334
down €5,334 (-37.9%), from €14,068 to €8,735
mainly Investment in fixed assets (net) (-€60,499) and Net result for the year (-€17,509)
- Debts after one year +€23,346
up €23,346 (+450%), from €5,189 to €28,535
- Profit (loss) carried forward -€17,509
down €17,509, from €14,778 to -€2,731
- Current portion of long-term debt +€10,275
up €10,275 (+521%), from €1,970 to €12,246
- Trade debts -€9,792
down €9,792 (-91.7%), from €10,683 to €891
- Tax, wage and social debts +€3,360
up €3,360 (+62.6%), from €5,368 to €8,728
of which Taxes: +€3,925
- Gross operating margin -€32,038
down €32,038 (-43.4%), from €73,821 to €41,783
- Depreciation +€14,998
new in 2025: €14,998
- Staff costs -€14,388
down €14,388 (-26.2%), from €55,001 to €40,613
- Financial charges +€1,421
up €1,421 (+336%), from €423 to €1,845
- Financial income +€1,338
up €1,338 (+11,622%), from €12 to €1,349
of which Non-recurring financial income: +€1,301
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,934 | €84,738 | +€13,804 | +19.5% |
| Fixed assets | 21/28 | €14,000 | €59,501 | +€45,501 | +325% |
| Tangible fixed assets | 22/27 | - | €45,501 | +€45,501 | |
| Furniture and vehicles | 24 | - | €45,501 | +€45,501 | |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €56,934 | €25,237 | -€31,697 | -55.7% |
| Amounts receivable within one year | 40/41 | €42,865 | €16,502 | -€26,363 | -61.5% |
| Trade receivables | 40 | €42,865 | €13,123 | -€29,743 | -69.4% |
| Other amounts receivable | 41 | - | €3,380 | +€3,380 | |
| Cash at bank and in hand | 54/58 | €14,068 | €8,735 | -€5,334 | -37.9% |
| Total equity and liabilities | 10/49 | €70,934 | €84,738 | +€13,804 | +19.5% |
| Equity | 10/15 | €17,778 | €269 | -€17,509 | -98.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,778 | -€2,731 | -€17,509 | |
| Amounts payable | 17/49 | €53,156 | €84,469 | +€31,313 | +58.9% |
| Amounts payable after more than one year | 17 | €5,189 | €28,535 | +€23,346 | +450% |
| Financial debts | 170/4 | €5,189 | €28,535 | +€23,346 | +450% |
| Amounts payable within one year | 42/48 | €44,890 | €51,494 | +€6,604 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €1,970 | €12,246 | +€10,275 | +521% |
| Trade debts | 44 | €10,683 | €891 | -€9,792 | -91.7% |
| Suppliers | 440/4 | €10,683 | €891 | -€9,792 | -91.7% |
| Taxes, remuneration and social security | 45 | €5,368 | €8,728 | +€3,360 | +62.6% |
| Taxes | 450/3 | €3,753 | €7,678 | +€3,925 | +105% |
| Remuneration and social security | 454/9 | €1,614 | €1,050 | -€565 | -35.0% |
| Other amounts payable | 47/48 | €26,869 | €29,629 | +€2,761 | +10.3% |
| Accrued charges and deferred income | 492/3 | €3,076 | €4,439 | +€1,362 | +44.3% |
| Remuneration, social security and pensions | 62 | €55,001 | €40,613 | -€14,388 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,998 | +€14,998 | |
| Other operating charges | 640/8 | €3,630 | €3,185 | -€445 | -12.3% |
| Gross operating margin | 9900 | €73,821 | €41,783 | -€32,038 | -43.4% |
| Operating profit (loss) | 9901 | €15,190 | -€17,013 | -€32,203 | |
| Financial income | 75/76B | €12 | €1,349 | +€1,338 | +11,622% |
| Recurring financial income | 75 | €12 | €48 | +€36 | +315% |
| Non-recurring financial income | 76B | - | €1,301 | +€1,301 | |
| Financial charges | 65/66B | €423 | €1,845 | +€1,421 | +336% |
| Recurring financial charges | 65 | €423 | €1,845 | +€1,421 | +336% |
| Profit (loss) for the period before taxes | 9903 | €14,778 | -€17,509 | -€32,287 | |
| Profit (loss) for the period | 9904 | €14,778 | -€17,509 | -€32,287 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,778 | -€17,509 | -€32,287 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.