NEROM: 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.
NEROM
Largest movements
- Receivables within one year +€4,431
up €4,431 (+9.8%), from €45,403 to €49,834
of which Other amounts receivable: +€9,439
- Tangible fixed assets -€1,193
down €1,193 (-10.7%), from €11,160 to €9,967
of which Plant, machinery and equipment: -€1,506
- Other debts +€30,000
new in 2025: €30,000
- Reserves -€22,500
down €22,500 (-33.6%), from €67,000 to €44,500
- Tax, wage and social debts -€5,131
down €5,131 (-65.0%), from €7,892 to €2,761
of which Taxes: -€4,591
- Profit (loss) carried forward +€1,690
up €1,690 (+150.8%), from €1,120 to €2,810
- Trade debts +€1,433
up €1,433 (+85.1%), from €1,684 to €3,117
- Gross operating margin -€9,898
down €9,898 (-31.9%), from €31,051 to €21,153
- Taxes -€1,507
down €1,507 (-25.3%), from €5,958 to €4,451
- Other operating charges -€959
down €959 (-24.9%), from €3,861 to €2,901
- Depreciation -€738
down €738 (-16.4%), from €4,511 to €3,773
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 | €99,542 | €103,648 | +€4,106 | +4.1% |
| Fixed assets | 21/28 | €11,460 | €10,267 | -€1,193 | -10.4% |
| Tangible fixed assets | 22/27 | €11,160 | €9,967 | -€1,193 | -10.7% |
| Plant, machinery and equipment | 23 | €1,506 | - | -€1,506 | |
| Furniture and vehicles | 24 | €7,491 | €8,010 | +€519 | +6.9% |
| Other tangible fixed assets | 26 | €2,163 | €1,957 | -€207 | -9.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €88,082 | €93,381 | +€5,299 | +6.0% |
| Amounts receivable within one year | 40/41 | €45,403 | €49,834 | +€4,431 | +9.8% |
| Trade receivables | 40 | €14,623 | €9,616 | -€5,007 | -34.2% |
| Other amounts receivable | 41 | €30,780 | €40,218 | +€9,439 | +30.7% |
| Cash at bank and in hand | 54/58 | €40,808 | €41,104 | +€296 | +0.7% |
| Deferred charges and accrued income | 490/1 | €1,871 | €2,442 | +€572 | +30.6% |
| Total equity and liabilities | 10/49 | €99,542 | €103,648 | +€4,106 | +4.1% |
| Equity | 10/15 | €88,580 | €67,770 | -€20,810 | -23.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €67,000 | €44,500 | -€22,500 | -33.6% |
| Distributable reserves | 133 | €67,000 | €44,500 | -€22,500 | -33.6% |
| Profit (loss) carried forward | 14 | €1,120 | €2,810 | +€1,690 | +150.8% |
| Amounts payable | 17/49 | €10,962 | €35,878 | +€24,916 | +227.3% |
| Amounts payable within one year | 42/48 | €10,962 | €35,878 | +€24,916 | +227.3% |
| Current portion of amounts payable after more than one year | 42 | €1,385 | - | -€1,385 | |
| Trade debts | 44 | €1,684 | €3,117 | +€1,433 | +85.1% |
| Suppliers | 440/4 | €1,684 | €3,117 | +€1,433 | +85.1% |
| Taxes, remuneration and social security | 45 | €7,892 | €2,761 | -€5,131 | -65.0% |
| Taxes | 450/3 | €7,352 | €2,761 | -€4,591 | -62.4% |
| Remuneration and social security | 454/9 | €540 | - | -€540 | |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,511 | €3,773 | -€738 | -16.4% |
| Other operating charges | 640/8 | €3,861 | €2,901 | -€959 | -24.9% |
| Gross operating margin | 9900 | €31,051 | €21,153 | -€9,898 | -31.9% |
| Operating profit (loss) | 9901 | €22,680 | €14,479 | -€8,201 | -36.2% |
| Financial income | 75/76B | - | €172 | +€172 | |
| Recurring financial income | 75 | - | €172 | +€172 | |
| Financial charges | 65/66B | €1,224 | €1,010 | -€213 | -17.4% |
| Recurring financial charges | 65 | €1,224 | €1,010 | -€213 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €21,456 | €13,640 | -€7,816 | -36.4% |
| Income taxes | 67/77 | €5,958 | €4,451 | -€1,507 | -25.3% |
| Profit (loss) for the period | 9904 | €15,499 | €9,190 | -€6,309 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,499 | €9,190 | -€6,309 | -40.7% |
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 2 October 2026 via checked.be.