DE NEVE - HAY: what changed
DE NEVE - HAY
Largest movements
- Cash +€131,642
up €131,642 (+126%), from €104,746 to €236,387
mainly Other debts (+€99,372) and Investment in fixed assets (net) (+€27,661)
- Tangible fixed assets -€35,833
down €35,833 (-68.8%), from €52,105 to €16,272
of which Plant, machinery and equipment: -€52,105
- Receivables within one year -€5,689
down €5,689 (-33.8%), from €16,856 to €11,167
of which Trade receivables: -€14,248
- Other debts +€99,372
up €99,372 (+162%), from €61,206 to €160,578
- Trade debts -€25,684
down €25,684 (-74.3%), from €34,589 to €8,905
- Reserves +€18,127
up €18,127 (+351%), from €5,161 to €23,289
of which Distributable reserves: +€21,289
- Contributions -€7,660
down €7,660 (-38.3%), from €20,000 to €12,340
- Tax, wage and social debts +€6,869
up €6,869 (+163%), from €4,225 to €11,095
- Gross operating margin +€25,775
up €25,775 (+166%), from €15,554 to €41,329
- Taxes +€7,839
up €7,839 (+241%), from €3,256 to €11,095
- Depreciation +€4,514
up €4,514 (+123%), from €3,658 to €8,172
- Financial charges -€2,245
down €2,245 (-92.4%), from €2,429 to €184
- Other operating charges +€594
new in 2025: €594
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 | €176,698 | €267,721 | +€91,024 | +51.5% |
| Fixed assets | 21/28 | €52,105 | €16,272 | -€35,833 | -68.8% |
| Tangible fixed assets | 22/27 | €52,105 | €16,272 | -€35,833 | -68.8% |
| Plant, machinery and equipment | 23 | €52,105 | - | -€52,105 | |
| Furniture and vehicles | 24 | - | €16,272 | +€16,272 | |
| Current assets | 29/58 | €124,593 | €251,449 | +€126,857 | +102% |
| Stocks and contracts in progress | 3 | €2,991 | €3,895 | +€904 | +30.2% |
| Stocks | 30/36 | €2,991 | €3,895 | +€904 | +30.2% |
| Amounts receivable within one year | 40/41 | €16,856 | €11,167 | -€5,689 | -33.8% |
| Trade receivables | 40 | €16,856 | €2,608 | -€14,248 | -84.5% |
| Other amounts receivable | 41 | - | €8,559 | +€8,559 | |
| Cash at bank and in hand | 54/58 | €104,746 | €236,387 | +€131,642 | +126% |
| Total equity and liabilities | 10/49 | €176,698 | €267,721 | +€91,024 | +51.5% |
| Equity | 10/15 | €76,677 | €87,144 | +€10,467 | +13.7% |
| Contributions | 10/11 | €20,000 | €12,340 | -€7,660 | -38.3% |
| Reserves | 13 | €5,161 | €23,289 | +€18,127 | +351% |
| Non-distributable reserves | 130/1 | €5,161 | €2,000 | -€3,161 | -61.2% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €3,161 | - | -€3,161 | |
| Distributable reserves | 133 | - | €21,289 | +€21,289 | |
| Profit (loss) carried forward | 14 | €51,516 | €51,516 | = | 0.0% |
| Amounts payable | 17/49 | €100,020 | €180,577 | +€80,557 | +80.5% |
| Amounts payable within one year | 42/48 | €100,020 | €180,577 | +€80,557 | +80.5% |
| Trade debts | 44 | €34,589 | €8,905 | -€25,684 | -74.3% |
| Suppliers | 440/4 | €34,589 | €8,905 | -€25,684 | -74.3% |
| Taxes, remuneration and social security | 45 | €4,225 | €11,095 | +€6,869 | +163% |
| Taxes | 450/3 | €4,225 | €11,095 | +€6,869 | +163% |
| Other amounts payable | 47/48 | €61,206 | €160,578 | +€99,372 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,658 | €8,172 | +€4,514 | +123% |
| Other operating charges | 640/8 | - | €594 | +€594 | |
| Gross operating margin | 9900 | €15,554 | €41,329 | +€25,775 | +166% |
| Operating profit (loss) | 9901 | €11,896 | €32,562 | +€20,667 | +174% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €2,429 | €184 | -€2,245 | -92.4% |
| Recurring financial charges | 65 | €2,429 | €184 | -€2,245 | -92.4% |
| Profit (loss) for the period before taxes | 9903 | €9,467 | €32,383 | +€22,916 | +242% |
| Income taxes | 67/77 | €3,256 | €11,095 | +€7,839 | +241% |
| Profit (loss) for the period | 9904 | €6,211 | €21,289 | +€15,077 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €6,211 | €21,289 | +€15,077 | +243% |
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 5 November 2026 via checked.be.