NUBERA: 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.
NUBERA
Largest movements
- Deferred charges and accrued income +€2.0m
up €2.0m (+77.1%), from €2.5m to €4.5m
- Receivables within one year +€1.2m
up €1.2m (+599.0%), from €203,804 to €1.4m
of which Other amounts receivable: +€833,430
- Cash +€402,335
up €402,335 (+66.2%), from €607,945 to €1.0m
mainly Net result for the year (+€1.9m) and Accrued charges and deferred income (+€1.6m)
- Accrued charges and deferred income +€1.6m
up €1.6m (+70.9%), from €2.2m to €3.8m
- Profit (loss) carried forward +€1.4m
up €1.4m (+167.5%), from €824,982 to €2.2m
- Trade debts +€480,427
up €480,427 (+417.4%), from €115,111 to €595,537
- Tax, wage and social debts +€269,955
up €269,955 (+1184.2%), from €22,796 to €292,751
of which Taxes: +€267,940
- Debts after one year -€100,194
no longer reported in 2025 (was €100,194)
- Gross operating margin +€1.6m
up €1.6m (+110.6%), from €1.4m to €3.0m
- Taxes +€504,097
up €504,097 (+315.1%), from €159,973 to €664,069
- Write-downs -€240,556
no longer reported in 2025 (was €240,556)
- Staff costs -€129,487
down €129,487 (-18.4%), from €705,103 to €575,615
- Financial income +€102,188
up €102,188 (+343.4%), from €29,755 to €131,943
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 | €3,388,772 | €6,972,545 | +€3.6m | +105.8% |
| Fixed assets | 21/28 | €44,425 | €51,326 | +€6,901 | +15.5% |
| Tangible fixed assets | 22/27 | €38,325 | €45,226 | +€6,901 | +18.0% |
| Furniture and vehicles | 24 | €38,325 | €45,226 | +€6,901 | +18.0% |
| Financial fixed assets | 28 | €6,100 | €6,100 | = | 0.0% |
| Current assets | 29/58 | €3,344,346 | €6,921,218 | +€3.6m | +107.0% |
| Amounts receivable within one year | 40/41 | €203,804 | €1,424,588 | +€1.2m | +599.0% |
| Trade receivables | 40 | €17,258 | €404,612 | +€387,353 | +2244.5% |
| Other amounts receivable | 41 | €186,546 | €1,019,976 | +€833,430 | +446.8% |
| Cash at bank and in hand | 54/58 | €607,945 | €1,010,279 | +€402,335 | +66.2% |
| Deferred charges and accrued income | 490/1 | €2,532,598 | €4,486,351 | +€2.0m | +77.1% |
| Total equity and liabilities | 10/49 | €3,388,772 | €6,972,545 | +€3.6m | +105.8% |
| Equity | 10/15 | €895,442 | €2,277,412 | +€1.4m | +154.3% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €824,982 | €2,206,952 | +€1.4m | +167.5% |
| Amounts payable | 17/49 | €2,493,330 | €4,695,132 | +€2.2m | +88.3% |
| Amounts payable after more than one year | 17 | €100,194 | - | -€100,194 | |
| Financial debts | 170/4 | €100,194 | - | -€100,194 | |
| Amounts payable within one year | 42/48 | €198,067 | €943,472 | +€745,405 | +376.3% |
| Current portion of amounts payable after more than one year | 42 | €60,160 | €55,184 | -€4,976 | -8.3% |
| Trade debts | 44 | €115,111 | €595,537 | +€480,427 | +417.4% |
| Suppliers | 440/4 | €115,111 | €595,537 | +€480,427 | +417.4% |
| Taxes, remuneration and social security | 45 | €22,796 | €292,751 | +€269,955 | +1184.2% |
| Taxes | 450/3 | - | €267,940 | +€267,940 | |
| Remuneration and social security | 454/9 | €22,796 | €24,811 | +€2,015 | +8.8% |
| Accrued charges and deferred income | 492/3 | €2,195,069 | €3,751,660 | +€1.6m | +70.9% |
| Remuneration, social security and pensions | 62 | €705,103 | €575,615 | -€129,487 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,942 | €21,496 | -€2,446 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €240,556 | - | -€240,556 | |
| Other operating charges | 640/8 | €315 | €240 | -€76 | -24.0% |
| Gross operating margin | 9900 | €1,432,997 | €3,018,517 | +€1.6m | +110.6% |
| Operating profit (loss) | 9901 | €463,081 | €2,421,166 | +€2.0m | +422.8% |
| Financial income | 75/76B | €29,755 | €131,943 | +€102,188 | +343.4% |
| Recurring financial income | 75 | €29,755 | €131,943 | +€102,188 | +343.4% |
| Financial charges | 65/66B | €57,889 | €7,070 | -€50,819 | -87.8% |
| Recurring financial charges | 65 | €57,889 | €7,070 | -€50,819 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €434,947 | €2,546,039 | +€2.1m | +485.4% |
| Income taxes | 67/77 | €159,973 | €664,069 | +€504,097 | +315.1% |
| Profit (loss) for the period | 9904 | €274,975 | €1,881,970 | +€1.6m | +584.4% |
| Profit (loss) for the period to be appropriated | 9905 | €274,975 | €1,881,970 | +€1.6m | +584.4% |
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.