NurEcem: 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.
NurEcem
Largest movements
- Cash +€189,265
up €189,265 (+127%), from €148,570 to €337,835
mainly Net result for the year (+€176,409) and Tax, wage and social debts (+€29,066)
- Stocks and contracts +€19,087
up €19,087 (+39.3%), from €48,626 to €67,713
- Reserves +€100,000
up €100,000 (+5,376%), from €1,860 to €101,860
of which Distributable reserves: +€100,000
- Profit (loss) carried forward +€76,409
up €76,409 (+27.0%), from €282,619 to €359,027
- Tax, wage and social debts +€29,066
up €29,066 (+90.4%), from €32,135 to €61,201
of which Taxes: +€24,008
- Trade debts +€11,390
up €11,390 (+10.7%), from €106,911 to €118,301
- Purchases and services -€1.8m
no longer reported in 2025 (was €1.8m)
- Gross operating margin +€172,506
up €172,506 (+163%), from €105,993 to €278,499
- Taxes -€12,948
down €12,948 (-56.4%), from €22,948 to €10,000
- Staff costs +€8,216
up €8,216 (+10.3%), from €80,094 to €88,310
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 | €442,124 | €658,990 | +€216,865 | +49.1% |
| Fixed assets | 21/28 | €7,262 | €12,051 | +€4,789 | +66.0% |
| Intangible fixed assets | 21 | €4,500 | €3,750 | -€750 | -16.7% |
| Tangible fixed assets | 22/27 | €2,762 | €8,301 | +€5,539 | +201% |
| Plant, machinery and equipment | 23 | €2,194 | €1,508 | -€686 | -31.3% |
| Furniture and vehicles | 24 | €567 | €237 | -€330 | -58.2% |
| Other tangible fixed assets | 26 | - | €6,556 | +€6,556 | |
| Current assets | 29/58 | €434,863 | €646,939 | +€212,076 | +48.8% |
| Stocks and contracts in progress | 3 | €48,626 | €67,713 | +€19,087 | +39.3% |
| Stocks | 30/36 | €48,626 | €67,713 | +€19,087 | +39.3% |
| Amounts receivable within one year | 40/41 | €237,667 | €240,873 | +€3,206 | +1.3% |
| Trade receivables | 40 | €1,500 | €3,652 | +€2,152 | +143% |
| Other amounts receivable | 41 | €236,167 | €237,221 | +€1,054 | +0.4% |
| Cash at bank and in hand | 54/58 | €148,570 | €337,835 | +€189,265 | +127% |
| Deferred charges and accrued income | 490/1 | - | €519 | +€519 | |
| Total equity and liabilities | 10/49 | €442,124 | €658,990 | +€216,865 | +49.1% |
| Equity | 10/15 | €303,079 | €479,487 | +€176,409 | +58.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €101,860 | +€100,000 | +5,376% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €100,000 | +€100,000 | |
| Profit (loss) carried forward | 14 | €282,619 | €359,027 | +€76,409 | +27.0% |
| Amounts payable | 17/49 | €139,046 | €179,502 | +€40,457 | +29.1% |
| Amounts payable within one year | 42/48 | €139,046 | €179,502 | +€40,457 | +29.1% |
| Trade debts | 44 | €106,911 | €118,301 | +€11,390 | +10.7% |
| Suppliers | 440/4 | €106,911 | €118,301 | +€11,390 | +10.7% |
| Taxes, remuneration and social security | 45 | €32,135 | €61,201 | +€29,066 | +90.4% |
| Taxes | 450/3 | €24,236 | €48,244 | +€24,008 | +99.1% |
| Remuneration and social security | 454/9 | €7,900 | €12,957 | +€5,058 | +64.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,831,342 | - | -€1.8m | |
| Remuneration, social security and pensions | 62 | €80,094 | €88,310 | +€8,216 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,307 | €2,811 | +€504 | +21.9% |
| Other operating charges | 640/8 | €413 | €415 | +€2 | +0.5% |
| Gross operating margin | 9900 | €105,993 | €278,499 | +€172,506 | +163% |
| Operating profit (loss) | 9901 | €23,179 | €186,963 | +€163,784 | +707% |
| Financial income | 75/76B | €10 | €3 | -€7 | -70.7% |
| Recurring financial income | 75 | €10 | €3 | -€7 | -70.7% |
| Financial charges | 65/66B | -€289 | €557 | +€846 | |
| Recurring financial charges | 65 | -€289 | €557 | +€846 | |
| Profit (loss) for the period before taxes | 9903 | €23,479 | €186,409 | +€162,930 | +694% |
| Income taxes | 67/77 | €22,948 | €10,000 | -€12,948 | -56.4% |
| Profit (loss) for the period | 9904 | €531 | €176,409 | +€175,878 | +33,134% |
| Profit (loss) for the period to be appropriated | 9905 | €531 | €176,409 | +€175,878 | +33,134% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.