NEROLI: 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.
NEROLI
Largest movements
- Receivables within one year -€665,995
down €665,995 (-99.5%), from €669,519 to €3,524
- Tangible fixed assets -€11,873
down €11,873 (-30.1%), from €39,479 to €27,606
of which Furniture and vehicles: -€13,721
- Other debts -€606,058
down €606,058 (-69.4%), from €873,575 to €267,517
- Profit (loss) carried forward -€46,344
down €46,344 (-15.3%), from -€302,080 to -€348,424
- Trade debts -€24,837
down €24,837 (-90.3%), from €27,507 to €2,670
- Gross operating margin +€53,801
up €53,801 (+156.7%), from €34,340 to €88,140
- Staff costs -€43,041
down €43,041 (-28.3%), from €151,829 to €108,788
- Other operating charges -€5,670
down €5,670 (-65.8%), from €8,621 to €2,951
- Financial charges -€2,959
down €2,959 (-37.3%), from €7,932 to €4,972
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.
Cash bridge derived
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 | €776,909 | €99,039 | -€677,870 | -87.3% |
| Fixed assets | 21/28 | €41,740 | €29,150 | -€12,589 | -30.2% |
| Intangible fixed assets | 21 | €2,261 | €1,545 | -€716 | -31.7% |
| Tangible fixed assets | 22/27 | €39,479 | €27,606 | -€11,873 | -30.1% |
| Plant, machinery and equipment | 23 | €8,846 | €6,022 | -€2,824 | -31.9% |
| Furniture and vehicles | 24 | €28,899 | €15,178 | -€13,721 | -47.5% |
| Other tangible fixed assets | 26 | €1,734 | €6,406 | +€4,672 | +269.5% |
| Current assets | 29/58 | €735,170 | €69,889 | -€665,281 | -90.5% |
| Stocks and contracts in progress | 3 | €43,329 | €42,955 | -€374 | -0.9% |
| Stocks | 30/36 | €43,329 | €42,955 | -€374 | -0.9% |
| Amounts receivable within one year | 40/41 | €669,519 | €3,524 | -€665,995 | -99.5% |
| Trade receivables | 40 | €669,519 | €3,524 | -€665,995 | -99.5% |
| Cash at bank and in hand | 54/58 | €15,889 | €18,084 | +€2,195 | +13.8% |
| Deferred charges and accrued income | 490/1 | €6,433 | €5,325 | -€1,108 | -17.2% |
| Total equity and liabilities | 10/49 | €776,909 | €99,039 | -€677,870 | -87.3% |
| Equity | 10/15 | -€152,080 | -€198,424 | -€46,344 | -30.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€302,080 | -€348,424 | -€46,344 | -15.3% |
| Amounts payable | 17/49 | €928,989 | €297,463 | -€631,527 | -68.0% |
| Amounts payable within one year | 42/48 | €928,006 | €297,463 | -€630,543 | -67.9% |
| Trade debts | 44 | €27,507 | €2,670 | -€24,837 | -90.3% |
| Suppliers | 440/4 | €27,507 | €2,670 | -€24,837 | -90.3% |
| Taxes, remuneration and social security | 45 | €26,924 | €27,275 | +€351 | +1.3% |
| Taxes | 450/3 | €8,839 | €6,945 | -€1,894 | -21.4% |
| Remuneration and social security | 454/9 | €18,085 | €20,330 | +€2,245 | +12.4% |
| Other amounts payable | 47/48 | €873,575 | €267,517 | -€606,058 | -69.4% |
| Accrued charges and deferred income | 492/3 | €983 | €0 | -€983 | -100.0% |
| Remuneration, social security and pensions | 62 | €151,829 | €108,788 | -€43,041 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,324 | €17,717 | +€393 | +2.3% |
| Other operating charges | 640/8 | €8,621 | €2,951 | -€5,670 | -65.8% |
| Gross operating margin | 9900 | €34,340 | €88,140 | +€53,801 | +156.7% |
| Operating profit (loss) | 9901 | -€143,434 | -€41,315 | +€102,119 | +71.2% |
| Financial income | 75/76B | €55 | €0 | -€55 | -100.0% |
| Recurring financial income | 75 | €55 | €0 | -€55 | -100.0% |
| Financial charges | 65/66B | €7,932 | €4,972 | -€2,959 | -37.3% |
| Recurring financial charges | 65 | €7,932 | €4,972 | -€2,959 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | -€151,311 | -€46,288 | +€105,023 | +69.4% |
| Income taxes | 67/77 | €45 | €56 | +€11 | +24.8% |
| Profit (loss) for the period | 9904 | -€151,356 | -€46,344 | +€105,012 | +69.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€151,356 | -€46,344 | +€105,012 | +69.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.