El Neon: 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.
El Neon
Largest movements
- Tangible fixed assets +€237,641
up €237,641 (+53.0%), from €448,595 to €686,236
of which Land and buildings: +€237,666
- Receivables within one year +€26,528
up €26,528 (+365%), from €7,272 to €33,800
of which Other amounts receivable: +€30,170
- Debts after one year +€215,899
up €215,899 (+57.3%), from €376,890 to €592,790
- Other debts +€51,809
up €51,809 (+85.3%), from €60,769 to €112,579
- Current portion of long-term debt +€12,894
up €12,894 (+91.8%), from €14,038 to €26,933
- Gross operating margin +€30,417
up €30,417 (+127%), from €23,909 to €54,326
- Depreciation -€17,819
down €17,819 (-30.7%), from €57,975 to €40,156
- Financial charges +€5,824
up €5,824 (+52.5%), from €11,084 to €16,908
- Other operating charges +€839
up €839 (+24.6%), from €3,416 to €4,255
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 | €470,379 | €737,846 | +€267,466 | +56.9% |
| Fixed assets | 21/28 | €448,595 | €686,236 | +€237,641 | +53.0% |
| Tangible fixed assets | 22/27 | €448,595 | €686,236 | +€237,641 | +53.0% |
| Land and buildings | 22 | €448,570 | €686,236 | +€237,666 | +53.0% |
| Furniture and vehicles | 24 | €24 | €0 | -€24 | -100% |
| Current assets | 29/58 | €21,785 | €51,610 | +€29,825 | +137% |
| Amounts receivable within one year | 40/41 | €7,272 | €33,800 | +€26,528 | +365% |
| Trade receivables | 40 | €7,272 | €3,630 | -€3,642 | -50.1% |
| Other amounts receivable | 41 | - | €30,170 | +€30,170 | |
| Cash at bank and in hand | 54/58 | €14,307 | €17,810 | +€3,503 | +24.5% |
| Deferred charges and accrued income | 490/1 | €206 | €0 | -€206 | -100% |
| Total equity and liabilities | 10/49 | €470,379 | €737,846 | +€267,466 | +56.9% |
| Equity | 10/15 | €10,829 | €4,018 | -€6,812 | -62.9% |
| Contributions | 10/11 | €66,200 | €66,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,231 | -€64,042 | -€6,812 | -11.9% |
| Amounts payable | 17/49 | €459,550 | €733,828 | +€274,278 | +59.7% |
| Amounts payable after more than one year | 17 | €376,890 | €592,790 | +€215,899 | +57.3% |
| Financial debts | 170/4 | €376,890 | €592,790 | +€215,899 | +57.3% |
| Amounts payable within one year | 42/48 | €80,247 | €141,038 | +€60,791 | +75.8% |
| Current portion of amounts payable after more than one year | 42 | €14,038 | €26,933 | +€12,894 | +91.8% |
| Trade debts | 44 | €160 | €1,042 | +€882 | +551% |
| Suppliers | 440/4 | €160 | €1,042 | +€882 | +551% |
| Taxes, remuneration and social security | 45 | €5,280 | €485 | -€4,795 | -90.8% |
| Taxes | 450/3 | €5,280 | €485 | -€4,795 | -90.8% |
| Other amounts payable | 47/48 | €60,769 | €112,579 | +€51,809 | +85.3% |
| Accrued charges and deferred income | 492/3 | €2,412 | €0 | -€2,412 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,975 | €40,156 | -€17,819 | -30.7% |
| Other operating charges | 640/8 | €3,416 | €4,255 | +€839 | +24.6% |
| Gross operating margin | 9900 | €23,909 | €54,326 | +€30,417 | +127% |
| Operating profit (loss) | 9901 | -€37,482 | €9,914 | +€47,396 | |
| Financial income | 75/76B | €685 | €182 | -€503 | -73.5% |
| Recurring financial income | 75 | €685 | €182 | -€503 | -73.5% |
| Financial charges | 65/66B | €11,084 | €16,908 | +€5,824 | +52.5% |
| Recurring financial charges | 65 | €11,084 | €16,908 | +€5,824 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | -€47,881 | -€6,812 | +€41,069 | +85.8% |
| Profit (loss) for the period | 9904 | -€47,881 | -€6,812 | +€41,069 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,881 | -€6,812 | +€41,069 | +85.8% |
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 23 October 2026 via checked.be.