DE NEVE: 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.
DE NEVE
Largest movements
- Receivables within one year +€75,465
up €75,465 (+64.5%), from €116,956 to €192,421
of which Other amounts receivable: +€72,538
- Reserves +€54,379
up €54,379 (+10.0%), from €543,630 to €598,009
of which Distributable reserves: +€56,239
- Short-term financial debts +€11,699
up €11,699 (+22.3%), from €52,442 to €64,142
- Taxes -€9,571
down €9,571 (-20.9%), from €45,710 to €36,139
- Gross operating margin +€6,032
up €6,032 (+8.0%), from €74,934 to €80,966
- Financial income +€1,887
up €1,887 (+9.6%), from €19,657 to €21,544
- Other operating charges +€1,362
up €1,362 (+48.4%), from €2,816 to €4,178
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 | €638,887 | €711,950 | +€73,063 | +11.4% |
| Fixed assets | 21/28 | €57,337 | €56,794 | -€543 | -0.9% |
| Tangible fixed assets | 22/27 | €2,337 | €1,794 | -€543 | -23.2% |
| Furniture and vehicles | 24 | €460 | €230 | -€230 | -50.0% |
| Other tangible fixed assets | 26 | €1,876 | €1,564 | -€313 | -16.7% |
| Financial fixed assets | 28 | €55,000 | €55,000 | = | 0.0% |
| Current assets | 29/58 | €581,551 | €655,156 | +€73,605 | +12.7% |
| Amounts receivable after more than one year | 29 | €462,222 | €462,222 | = | 0.0% |
| Other amounts receivable | 291 | €462,222 | €462,222 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €116,956 | €192,421 | +€75,465 | +64.5% |
| Trade receivables | 40 | - | €2,928 | +€2,928 | |
| Other amounts receivable | 41 | €116,956 | €189,493 | +€72,538 | +62.0% |
| Cash at bank and in hand | 54/58 | €1,648 | €513 | -€1,135 | -68.9% |
| Deferred charges and accrued income | 490/1 | €725 | €0 | -€725 | -100.0% |
| Total equity and liabilities | 10/49 | €638,887 | €711,950 | +€73,063 | +11.4% |
| Equity | 10/15 | €549,930 | €604,309 | +€54,379 | +9.9% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €543,630 | €598,009 | +€54,379 | +10.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €541,770 | €598,009 | +€56,239 | +10.4% |
| Amounts payable | 17/49 | €88,957 | €107,641 | +€18,684 | +21.0% |
| Amounts payable within one year | 42/48 | €87,390 | €107,641 | +€20,250 | +23.2% |
| Financial debts | 43 | €52,442 | €64,142 | +€11,699 | +22.3% |
| Credit institutions | 430/8 | €52,442 | €64,142 | +€11,699 | +22.3% |
| Trade debts | 44 | €3,339 | €8,416 | +€5,077 | +152.1% |
| Suppliers | 440/4 | €3,339 | €8,416 | +€5,077 | +152.1% |
| Taxes, remuneration and social security | 45 | €31,609 | €35,082 | +€3,474 | +11.0% |
| Taxes | 450/3 | €31,609 | €35,082 | +€3,474 | +11.0% |
| Accrued charges and deferred income | 492/3 | €1,566 | €0 | -€1,566 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620 | €543 | -€77 | -12.4% |
| Other operating charges | 640/8 | €2,816 | €4,178 | +€1,362 | +48.4% |
| Gross operating margin | 9900 | €74,934 | €80,966 | +€6,032 | +8.0% |
| Operating profit (loss) | 9901 | €71,499 | €76,245 | +€4,747 | +6.6% |
| Financial income | 75/76B | €19,657 | €21,544 | +€1,887 | +9.6% |
| Recurring financial income | 75 | €19,657 | €21,544 | +€1,887 | +9.6% |
| Financial charges | 65/66B | €6,739 | €7,272 | +€533 | +7.9% |
| Recurring financial charges | 65 | €6,739 | €7,272 | +€533 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €84,417 | €90,517 | +€6,100 | +7.2% |
| Income taxes | 67/77 | €45,710 | €36,139 | -€9,571 | -20.9% |
| Profit (loss) for the period | 9904 | €38,707 | €54,379 | +€15,671 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,707 | €54,379 | +€15,671 | +40.5% |
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 12 October 2026 via checked.be.