Nurfed: 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.
Nurfed
Largest movements
- Cash +€40,877
up €40,877 (+7641.8%), from €535 to €41,412
mainly Net result for the year (+€76,347) and Tax, wage and social debts (+€28,027)
- Receivables after one year +€39,814
new in 2025: €39,814
- Receivables within one year +€14,047
up €14,047 (+2345.9%), from €599 to €14,646
of which Trade receivables: +€14,641
- Tangible fixed assets +€7,035
new in 2025: €7,035
- Reserves +€70,863
new in 2025: €70,863
- Tax, wage and social debts +€28,027
new in 2025: €28,027
of which Taxes: +€26,027
- Profit (loss) carried forward +€4,650
no longer reported in 2025 (was -€4,650)
- Other debts -€1,570
down €1,570 (-49.0%), from €3,206 to €1,636
- Gross operating margin +€100,484
up €100,484, from -€4,635 to €95,849
- Taxes +€18,065
new in 2025: €18,065
- Depreciation +€1,356
new in 2025: €1,356
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 | €1,134 | €102,907 | +€101,774 | +8977.2% |
| Fixed assets | 21/28 | - | €7,035 | +€7,035 | |
| Tangible fixed assets | 22/27 | - | €7,035 | +€7,035 | |
| Plant, machinery and equipment | 23 | - | €7,035 | +€7,035 | |
| Current assets | 29/58 | €1,134 | €95,872 | +€94,739 | +8356.7% |
| Amounts receivable after more than one year | 29 | - | €39,814 | +€39,814 | |
| Other amounts receivable | 291 | - | €39,814 | +€39,814 | |
| Amounts receivable within one year | 40/41 | €599 | €14,646 | +€14,047 | +2345.9% |
| Trade receivables | 40 | - | €14,641 | +€14,641 | |
| Other amounts receivable | 41 | €599 | €5 | -€594 | -99.2% |
| Cash at bank and in hand | 54/58 | €535 | €41,412 | +€40,877 | +7641.8% |
| Total equity and liabilities | 10/49 | €1,134 | €102,907 | +€101,774 | +8977.2% |
| Equity | 10/15 | -€2,650 | €72,863 | +€75,514 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €70,863 | +€70,863 | |
| Distributable reserves | 133 | - | €70,863 | +€70,863 | |
| Profit (loss) carried forward | 14 | -€4,650 | - | +€4,650 | |
| Amounts payable | 17/49 | €3,784 | €30,044 | +€26,260 | +694.0% |
| Amounts payable within one year | 42/48 | €3,784 | €30,044 | +€26,260 | +694.0% |
| Trade debts | 44 | €578 | €381 | -€197 | -34.0% |
| Suppliers | 440/4 | €578 | €381 | -€197 | -34.0% |
| Taxes, remuneration and social security | 45 | - | €28,027 | +€28,027 | |
| Taxes | 450/3 | - | €26,027 | +€26,027 | |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €3,206 | €1,636 | -€1,570 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,356 | +€1,356 | |
| Gross operating margin | 9900 | -€4,635 | €95,849 | +€100,484 | |
| Operating profit (loss) | 9901 | -€4,635 | €94,493 | +€99,128 | |
| Financial charges | 65/66B | €15 | €81 | +€66 | +443.0% |
| Recurring financial charges | 65 | €15 | €81 | +€66 | +443.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,650 | €94,412 | +€99,062 | |
| Income taxes | 67/77 | - | €18,065 | +€18,065 | |
| Profit (loss) for the period | 9904 | -€4,650 | €76,347 | +€80,997 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,650 | €76,347 | +€80,997 |
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 10 October 2026 via checked.be.