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
- Tangible fixed assets +€81,949
up €81,949 (+16.7%), from €490,066 to €572,015
of which Furniture and vehicles: +€118,832
- Receivables within one year -€41,257
down €41,257 (-32.0%), from €129,041 to €87,784
of which Other amounts receivable: -€37,260
- Cash -€27,601
down €27,601 (-11.7%), from €235,531 to €207,930
mainly Contributions, distributions and other (-€234,505) and Investment in fixed assets (net) (-€201,298)
- Current investments +€12,518
up €12,518 (+9.8%), from €127,228 to €139,746
- Other debts +€220,213
up €220,213 (+976%), from €22,558 to €242,771
- Reserves -€159,668
down €159,668 (-26.7%), from €598,308 to €438,641
of which Distributable reserves: -€159,668
- Trade debts -€53,680
down €53,680 (-65.0%), from €82,575 to €28,895
- Debts after one year +€11,706
up €11,706 (+6.4%), from €182,758 to €194,464
- Gross operating margin +€38,047
up €38,047 (+10.0%), from €381,455 to €419,502
- Depreciation +€18,947
up €18,947 (+18.9%), from €100,402 to €119,349
- Staff costs -€5,023
down €5,023 (-3.1%), from €162,577 to €157,554
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 | €1,004,617 | €1,025,442 | +€20,825 | +2.1% |
| Fixed assets | 21/28 | €490,306 | €572,255 | +€81,949 | +16.7% |
| Tangible fixed assets | 22/27 | €490,066 | €572,015 | +€81,949 | +16.7% |
| Land and buildings | 22 | €227,007 | €211,422 | -€15,584 | -6.9% |
| Plant, machinery and equipment | 23 | €98 | €0 | -€98 | -100% |
| Furniture and vehicles | 24 | €184,899 | €303,730 | +€118,832 | +64.3% |
| Leasing and similar rights | 25 | €78,062 | €56,862 | -€21,200 | -27.2% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €514,311 | €453,187 | -€61,124 | -11.9% |
| Amounts receivable within one year | 40/41 | €129,041 | €87,784 | -€41,257 | -32.0% |
| Trade receivables | 40 | €71,334 | €67,336 | -€3,997 | -5.6% |
| Other amounts receivable | 41 | €57,708 | €20,448 | -€37,260 | -64.6% |
| Current investments | 50/53 | €127,228 | €139,746 | +€12,518 | +9.8% |
| Cash at bank and in hand | 54/58 | €235,531 | €207,930 | -€27,601 | -11.7% |
| Deferred charges and accrued income | 490/1 | €22,509 | €17,726 | -€4,783 | -21.2% |
| Total equity and liabilities | 10/49 | €1,004,617 | €1,025,442 | +€20,825 | +2.1% |
| Equity | 10/15 | €610,708 | €451,041 | -€159,668 | -26.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €598,308 | €438,641 | -€159,668 | -26.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €41,902 | €41,902 | = | 0.0% |
| Distributable reserves | 133 | €556,406 | €396,739 | -€159,668 | -28.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €21,586 | €21,586 | = | 0.0% |
| Deferred taxes | 168 | €21,586 | €21,586 | = | 0.0% |
| Amounts payable | 17/49 | €372,322 | €552,815 | +€180,493 | +48.5% |
| Amounts payable after more than one year | 17 | €182,758 | €194,464 | +€11,706 | +6.4% |
| Financial debts | 170/4 | €182,758 | €194,464 | +€11,706 | +6.4% |
| Amounts payable within one year | 42/48 | €189,564 | €358,351 | +€168,787 | +89.0% |
| Current portion of amounts payable after more than one year | 42 | €58,117 | €57,044 | -€1,073 | -1.8% |
| Financial debts | 43 | - | €5,072 | +€5,072 | |
| Credit institutions | 430/8 | - | €5,072 | +€5,072 | |
| Trade debts | 44 | €82,575 | €28,895 | -€53,680 | -65.0% |
| Suppliers | 440/4 | €82,575 | €28,895 | -€53,680 | -65.0% |
| Taxes, remuneration and social security | 45 | €26,314 | €24,568 | -€1,746 | -6.6% |
| Taxes | 450/3 | €12,361 | €6,389 | -€5,972 | -48.3% |
| Remuneration and social security | 454/9 | €13,953 | €18,179 | +€4,226 | +30.3% |
| Other amounts payable | 47/48 | €22,558 | €242,771 | +€220,213 | +976% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €28,500 | €10,000 | -€18,500 | -64.9% |
| Remuneration, social security and pensions | 62 | €162,577 | €157,554 | -€5,023 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,402 | €119,349 | +€18,947 | +18.9% |
| Other operating charges | 640/8 | €28,206 | €31,223 | +€3,017 | +10.7% |
| Non-recurring operating charges | 66A | €1,005 | €1,105 | +€100 | +9.9% |
| Gross operating margin | 9900 | €381,455 | €419,502 | +€38,047 | +10.0% |
| Operating profit (loss) | 9901 | €89,265 | €110,272 | +€21,007 | +23.5% |
| Financial income | 75/76B | €348 | €1,555 | +€1,208 | +347% |
| Recurring financial income | 75 | €348 | €1,555 | +€1,208 | +347% |
| Financial charges | 65/66B | €8,664 | €10,866 | +€2,203 | +25.4% |
| Recurring financial charges | 65 | €8,664 | €10,866 | +€2,203 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €80,949 | €100,961 | +€20,012 | +24.7% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €27,693 | €26,123 | -€1,569 | -5.7% |
| Profit (loss) for the period | 9904 | €53,257 | €74,838 | +€21,581 | +40.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €53,257 | €74,838 | +€21,581 | +40.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.