DE NEEF ET CO.: what changed
DE NEEF ET CO.
Largest movements
- Cash -€172,559
down €172,559 (-65.6%), from €262,866 to €90,307
mainly Contributions, distributions and other (-€182,000) and Receivables within one year (-€165,234)
- Receivables within one year +€165,234
up €165,234 (+44,901%), from €368 to €165,602
of which Trade receivables: +€165,477
- Other debts +€7,499
up €7,499 (+4.3%), from €174,464 to €181,963
- Tax, wage and social debts -€7,471
down €7,471 (-12.2%), from €61,413 to €53,942
of which Taxes: -€7,881
- Trade debts -€5,446
down €5,446 (-70.1%), from €7,767 to €2,321
of which Suppliers: -€7,568
- Gross operating margin +€7,613
up €7,613 (+2.4%), from €312,779 to €320,392
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,974 | €258,051 | -€5,923 | -2.2% |
| Fixed assets | 21/28 | €740 | €2,142 | +€1,402 | +189% |
| Tangible fixed assets | 22/27 | €740 | €2,142 | +€1,402 | +189% |
| Furniture and vehicles | 24 | €740 | €2,142 | +€1,402 | +189% |
| Current assets | 29/58 | €263,234 | €255,909 | -€7,325 | -2.8% |
| Amounts receivable within one year | 40/41 | €368 | €165,602 | +€165,234 | +44,901% |
| Trade receivables | 40 | €125 | €165,602 | +€165,477 | +132,382% |
| Other amounts receivable | 41 | €243 | - | -€243 | |
| Cash at bank and in hand | 54/58 | €262,866 | €90,307 | -€172,559 | -65.6% |
| Total equity and liabilities | 10/49 | €263,974 | €258,051 | -€5,923 | -2.2% |
| Equity | 10/15 | €20,330 | €19,825 | -€505 | -2.5% |
| Contributions | 10/11 | €15,632 | €15,632 | = | 0.0% |
| Reserves | 13 | €3,860 | €3,860 | = | 0.0% |
| Distributable reserves | 133 | €3,860 | €3,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €838 | €333 | -€505 | -60.3% |
| Amounts payable | 17/49 | €243,644 | €238,226 | -€5,418 | -2.2% |
| Amounts payable within one year | 42/48 | €243,644 | €238,226 | -€5,418 | -2.2% |
| Trade debts | 44 | €7,767 | €2,321 | -€5,446 | -70.1% |
| Suppliers | 440/4 | €7,767 | €199 | -€7,568 | -97.4% |
| Bills of exchange payable | 441 | - | €2,122 | +€2,122 | |
| Taxes, remuneration and social security | 45 | €61,413 | €53,942 | -€7,471 | -12.2% |
| Taxes | 450/3 | €51,882 | €44,001 | -€7,881 | -15.2% |
| Remuneration and social security | 454/9 | €9,531 | €9,941 | +€410 | +4.3% |
| Other amounts payable | 47/48 | €174,464 | €181,963 | +€7,499 | +4.3% |
| Remuneration, social security and pensions | 62 | €79,528 | €76,643 | -€2,885 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €475 | +€235 | +97.9% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €312,779 | €320,392 | +€7,613 | +2.4% |
| Operating profit (loss) | 9901 | €232,624 | €242,874 | +€10,250 | +4.4% |
| Financial income | 75/76B | €1,149 | €1,211 | +€62 | +5.4% |
| Recurring financial income | 75 | €1,149 | €1,211 | +€62 | +5.4% |
| Financial charges | 65/66B | €291 | €819 | +€528 | +181% |
| Recurring financial charges | 65 | €291 | €819 | +€528 | +181% |
| Profit (loss) for the period before taxes | 9903 | €233,482 | €243,266 | +€9,784 | +4.2% |
| Income taxes | 67/77 | €58,828 | €61,771 | +€2,943 | +5.0% |
| Profit (loss) for the period | 9904 | €174,654 | €181,495 | +€6,841 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €174,654 | €181,495 | +€6,841 | +3.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.