NERINCKX JOERI: 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.
NERINCKX JOERI
Largest movements
- Stocks and contracts +€159,070
up €159,070 (+1,060%), from €15,000 to €174,070
of which Stocks: +€167,570
- Receivables within one year +€38,816
up €38,816 (+23.2%), from €167,405 to €206,221
of which Other amounts receivable: +€120,349
- Tangible fixed assets -€16,305
down €16,305 (-6.4%), from €253,457 to €237,153
of which Plant, machinery and equipment: -€50,828
- Other debts +€202,005
new in 2025: €202,005
- Reserves -€111,895
down €111,895 (-87.3%), from €128,215 to €16,320
- Debts after one year +€67,521
up €67,521 (+54.8%), from €123,160 to €190,680
- Trade debts +€35,978
up €35,978 (+95.6%), from €37,616 to €73,594
- Short-term financial debts -€20,000
down €20,000 (-40.0%), from €50,000 to €30,000
- Gross operating margin +€202,221
up €202,221 (+168%), from €120,181 to €322,402
- Write-downs +€45,890
new in 2025: €45,890
- Taxes +€41,063
up €41,063 (+804%), from €5,110 to €46,174
- Financial charges +€7,523
up €7,523 (+69.7%), from €10,799 to €18,322
- Depreciation -€3,922
down €3,922 (-5.1%), from €76,157 to €72,235
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 | €441,568 | €627,065 | +€185,498 | +42.0% |
| Fixed assets | 21/28 | €253,457 | €243,153 | -€10,305 | -4.1% |
| Tangible fixed assets | 22/27 | €253,457 | €237,153 | -€16,305 | -6.4% |
| Land and buildings | 22 | - | €12,124 | +€12,124 | |
| Plant, machinery and equipment | 23 | €97,709 | €46,881 | -€50,828 | -52.0% |
| Furniture and vehicles | 24 | €80,871 | €123,775 | +€42,904 | +53.1% |
| Leasing and similar rights | 25 | €74,877 | €54,372 | -€20,505 | -27.4% |
| Financial fixed assets | 28 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €188,110 | €383,912 | +€195,802 | +104% |
| Stocks and contracts in progress | 3 | €15,000 | €174,070 | +€159,070 | +1,060% |
| Stocks | 30/36 | €6,500 | €174,070 | +€167,570 | +2,578% |
| Contracts in progress | 37 | €8,500 | €0 | -€8,500 | -100% |
| Amounts receivable within one year | 40/41 | €167,405 | €206,221 | +€38,816 | +23.2% |
| Trade receivables | 40 | €123,946 | €42,413 | -€81,533 | -65.8% |
| Other amounts receivable | 41 | €43,459 | €163,808 | +€120,349 | +277% |
| Cash at bank and in hand | 54/58 | €5,705 | €3,621 | -€2,084 | -36.5% |
| Total equity and liabilities | 10/49 | €441,568 | €627,065 | +€185,498 | +42.0% |
| Equity | 10/15 | €134,415 | €22,520 | -€111,895 | -83.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €128,215 | €16,320 | -€111,895 | -87.3% |
| Distributable reserves | 133 | €128,215 | €16,320 | -€111,895 | -87.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €307,153 | €604,545 | +€297,392 | +96.8% |
| Amounts payable after more than one year | 17 | €123,160 | €190,680 | +€67,521 | +54.8% |
| Financial debts | 170/4 | €123,160 | €190,680 | +€67,521 | +54.8% |
| Amounts payable within one year | 42/48 | €183,993 | €413,865 | +€229,872 | +125% |
| Current portion of amounts payable after more than one year | 42 | €61,985 | €70,105 | +€8,120 | +13.1% |
| Financial debts | 43 | €50,000 | €30,000 | -€20,000 | -40.0% |
| Credit institutions | 430/8 | €50,000 | €30,000 | -€20,000 | -40.0% |
| Trade debts | 44 | €37,616 | €73,594 | +€35,978 | +95.6% |
| Suppliers | 440/4 | €37,616 | €73,594 | +€35,978 | +95.6% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €34,392 | €38,161 | +€3,769 | +11.0% |
| Taxes | 450/3 | €34,392 | €38,161 | +€3,769 | +11.0% |
| Other amounts payable | 47/48 | - | €202,005 | +€202,005 | |
| Remuneration, social security and pensions | 62 | €4,064 | €149 | -€3,915 | -96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,157 | €72,235 | -€3,922 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €45,890 | +€45,890 | |
| Other operating charges | 640/8 | €7,665 | €8,867 | +€1,203 | +15.7% |
| Gross operating margin | 9900 | €120,181 | €322,402 | +€202,221 | +168% |
| Operating profit (loss) | 9901 | €32,295 | €195,262 | +€162,966 | +505% |
| Financial income | 75/76B | €0 | €2,339 | +€2,339 | +23,389,100% |
| Recurring financial income | 75 | €0 | €2,339 | +€2,339 | +23,389,100% |
| Financial charges | 65/66B | €10,799 | €18,322 | +€7,523 | +69.7% |
| Recurring financial charges | 65 | €10,799 | €18,322 | +€7,523 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €21,496 | €179,279 | +€157,783 | +734% |
| Income taxes | 67/77 | €5,110 | €46,174 | +€41,063 | +804% |
| Profit (loss) for the period | 9904 | €16,386 | €133,105 | +€116,719 | +712% |
| Profit (loss) for the period to be appropriated | 9905 | €16,386 | €133,105 | +€116,719 | +712% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.