NURECO: 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.
NURECO
Largest movements
- Receivables within one year -€19,137
down €19,137 (-71.9%), from €26,599 to €7,462
of which Other amounts receivable: -€13,162
- Cash -€9,576
down €9,576 (-25.9%), from €36,992 to €27,416
mainly Contributions, distributions and other (-€58,000) and Tax, wage and social debts (-€6,347)
- Current investments +€6,000
up €6,000 (+400.0%), from €1,500 to €7,500
- Reserves -€17,229
down €17,229 (-29.6%), from €58,118 to €40,889
- Tax, wage and social debts -€6,347
down €6,347 (-44.3%), from €14,324 to €7,977
- Gross operating margin +€11,644
up €11,644 (+28.9%), from €40,240 to €51,884
- Taxes +€2,308
up €2,308 (+27.2%), from €8,472 to €10,780
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 | €78,040 | €54,834 | -€23,206 | -29.7% |
| Fixed assets | 21/28 | €2,146 | €1,470 | -€676 | -31.5% |
| Tangible fixed assets | 22/27 | €1,646 | €970 | -€676 | -41.1% |
| Furniture and vehicles | 24 | €1,646 | €970 | -€676 | -41.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €75,894 | €53,364 | -€22,530 | -29.7% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Trade receivables | 290 | €10,000 | €0 | -€10,000 | -100.0% |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €26,599 | €7,462 | -€19,137 | -71.9% |
| Trade receivables | 40 | €10,475 | €4,500 | -€5,975 | -57.0% |
| Other amounts receivable | 41 | €16,124 | €2,962 | -€13,162 | -81.6% |
| Current investments | 50/53 | €1,500 | €7,500 | +€6,000 | +400.0% |
| Cash at bank and in hand | 54/58 | €36,992 | €27,416 | -€9,576 | -25.9% |
| Deferred charges and accrued income | 490/1 | €804 | €986 | +€182 | +22.7% |
| Total equity and liabilities | 10/49 | €78,040 | €54,834 | -€23,206 | -29.7% |
| Equity | 10/15 | €63,118 | €45,889 | -€17,229 | -27.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,118 | €40,889 | -€17,229 | -29.6% |
| Distributable reserves | 133 | €58,118 | €40,889 | -€17,229 | -29.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,922 | €8,945 | -€5,977 | -40.1% |
| Amounts payable within one year | 42/48 | €14,922 | €8,945 | -€5,977 | -40.1% |
| Financial debts | 43 | €90 | €703 | +€614 | +685.4% |
| Credit institutions | 430/8 | €90 | €0 | -€90 | -100.0% |
| Other loans | 439 | - | €703 | +€703 | |
| Trade debts | 44 | €509 | €265 | -€244 | -48.0% |
| Suppliers | 440/4 | €509 | €265 | -€244 | -48.0% |
| Taxes, remuneration and social security | 45 | €14,324 | €7,977 | -€6,347 | -44.3% |
| Taxes | 450/3 | €14,324 | €7,977 | -€6,347 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €676 | €676 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €778 | +€391 | +100.9% |
| Gross operating margin | 9900 | €40,240 | €51,884 | +€11,644 | +28.9% |
| Operating profit (loss) | 9901 | €39,178 | €50,431 | +€11,254 | +28.7% |
| Financial income | 75/76B | €804 | €1,187 | +€383 | +47.7% |
| Recurring financial income | 75 | €804 | €1,187 | +€383 | +47.7% |
| Financial charges | 65/66B | €69 | €68 | -€1 | -1.7% |
| Recurring financial charges | 65 | €69 | €68 | -€1 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €39,913 | €51,551 | +€11,638 | +29.2% |
| Income taxes | 67/77 | €8,472 | €10,780 | +€2,308 | +27.2% |
| Profit (loss) for the period | 9904 | €31,441 | €40,771 | +€9,330 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,441 | €40,771 | +€9,330 | +29.7% |
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 6 October 2026 via checked.be.