NERO FACADE: what changed
Two fiscal 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.
NERO FACADE
Largest movements
- Receivables within one year +€190,603
up €190,603 (+91.7%), from €207,884 to €398,486
of which Trade receivables: +€225,745
- Cash +€53,157
up €53,157 (+108.1%), from €49,172 to €102,330
mainly Trade debts (+€176,656) and Provisions (+€110,900)
- Tangible fixed assets +€24,515
up €24,515 (+25.5%), from €96,237 to €120,752
of which Plant, machinery and equipment: +€41,988
- Trade debts +€176,656
up €176,656 (+213.4%), from €82,768 to €259,424
- Provisions +€110,900
new in 2024: €110,900
- Accrued charges and deferred income -€43,725
down €43,725 (-56.2%), from €77,750 to €34,025
- Tax, wage and social debts +€33,095
up €33,095 (+346.2%), from €9,558 to €42,653
of which Remuneration and social security: +€31,226
- Profit (loss) carried forward +€20,457
up €20,457 (+22.9%), from €89,514 to €109,971
- Gross operating margin +€309,850
up €309,850 (+85.8%), from €361,119 to €670,969
- Staff costs +€213,325
up €213,325 (+80.1%), from €266,245 to €479,570
- Provisions +€110,900
new in 2024: €110,900
- Depreciation +€17,455
up €17,455 (+67.0%), from €26,046 to €43,501
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €360,766 | €631,233 | +€270,467 | +75.0% |
| Fixed assets | 21/28 | €96,237 | €122,992 | +€26,755 | +27.8% |
| Tangible fixed assets | 22/27 | €96,237 | €120,752 | +€24,515 | +25.5% |
| Plant, machinery and equipment | 23 | €41,631 | €83,619 | +€41,988 | +100.9% |
| Furniture and vehicles | 24 | €54,606 | €37,133 | -€17,473 | -32.0% |
| Financial fixed assets | 28 | - | €2,240 | +€2,240 | |
| Current assets | 29/58 | €264,529 | €508,241 | +€243,712 | +92.1% |
| Stocks and contracts in progress | 3 | €3,670 | €3,500 | -€170 | -4.6% |
| Stocks | 30/36 | €3,670 | €3,500 | -€170 | -4.6% |
| Amounts receivable within one year | 40/41 | €207,884 | €398,486 | +€190,603 | +91.7% |
| Trade receivables | 40 | €153,919 | €379,664 | +€225,745 | +146.7% |
| Other amounts receivable | 41 | €53,965 | €18,823 | -€35,142 | -65.1% |
| Cash at bank and in hand | 54/58 | €49,172 | €102,330 | +€53,157 | +108.1% |
| Deferred charges and accrued income | 490/1 | €3,803 | €3,926 | +€122 | +3.2% |
| Total equity and liabilities | 10/49 | €360,766 | €631,233 | +€270,467 | +75.0% |
| Equity | 10/15 | €92,514 | €112,971 | +€20,457 | +22.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,514 | €109,971 | +€20,457 | +22.9% |
| Provisions and deferred taxes | 16 | - | €110,900 | +€110,900 | |
| Provisions for liabilities and charges | 160/5 | - | €110,900 | +€110,900 | |
| Other liabilities and charges | 164/5 | - | €110,900 | +€110,900 | |
| Amounts payable | 17/49 | €268,252 | €407,362 | +€139,110 | +51.9% |
| Amounts payable after more than one year | 17 | €71,424 | €58,183 | -€13,241 | -18.5% |
| Financial debts | 170/4 | €26,424 | €13,183 | -€13,241 | -50.1% |
| Other amounts payable | 178/9 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €119,078 | €315,155 | +€196,076 | +164.7% |
| Current portion of amounts payable after more than one year | 42 | €18,184 | €12,219 | -€5,965 | -32.8% |
| Trade debts | 44 | €82,768 | €259,424 | +€176,656 | +213.4% |
| Suppliers | 440/4 | €82,768 | €259,424 | +€176,656 | +213.4% |
| Advances received on contracts in progress | 46 | €1,200 | - | -€1,200 | |
| Taxes, remuneration and social security | 45 | €9,558 | €42,653 | +€33,095 | +346.2% |
| Taxes | 450/3 | €4,500 | €6,369 | +€1,869 | +41.5% |
| Remuneration and social security | 454/9 | €5,058 | €36,284 | +€31,226 | +617.3% |
| Other amounts payable | 47/48 | €7,367 | €858 | -€6,510 | -88.4% |
| Accrued charges and deferred income | 492/3 | €77,750 | €34,025 | -€43,725 | -56.2% |
| Remuneration, social security and pensions | 62 | €266,245 | €479,570 | +€213,325 | +80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,046 | €43,501 | +€17,455 | +67.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €110,900 | +€110,900 | |
| Other operating charges | 640/8 | €6,430 | €2,394 | -€4,036 | -62.8% |
| Non-recurring operating charges | 66A | €14,294 | €3,754 | -€10,540 | -73.7% |
| Gross operating margin | 9900 | €361,119 | €670,969 | +€309,850 | +85.8% |
| Operating profit (loss) | 9901 | €48,104 | €30,851 | -€17,253 | -35.9% |
| Financial income | 75/76B | €1,045 | €2,151 | +€1,106 | +105.8% |
| Recurring financial income | 75 | €1,045 | €2,151 | +€1,106 | +105.8% |
| Financial charges | 65/66B | €4,090 | €5,645 | +€1,555 | +38.0% |
| Recurring financial charges | 65 | €4,090 | €5,645 | +€1,555 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €45,059 | €27,357 | -€17,702 | -39.3% |
| Income taxes | 67/77 | €4,546 | €6,900 | +€2,354 | +51.8% |
| Profit (loss) for the period | 9904 | €40,513 | €20,457 | -€20,056 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,513 | €20,457 | -€20,056 | -49.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.