Eric De Neef Management: 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.
Eric De Neef Management
Largest movements
- Receivables after one year -€1.0m
down €1.0m (-100%), from €1.0m to €0
- Tangible fixed assets -€123,188
down €123,188 (-4.6%), from €2.6m to €2.5m
of which Plant, machinery and equipment: -€66,532
- Receivables within one year -€88,822
down €88,822 (-9.6%), from €925,029 to €836,207
of which Trade receivables: -€622,230
- Advances received -€685,881
down €685,881 (-100%), from €685,881 to €0
- Debts after one year -€321,619
down €321,619 (-12.3%), from €2.6m to €2.3m
- Reserves -€105,019
down €105,019 (-12.5%), from €837,053 to €732,033
of which Distributable reserves: -€105,019
- Tax, wage and social debts -€76,540
down €76,540 (-97.8%), from €78,291 to €1,751
of which Taxes: -€76,495
- Trade debts -€51,272
down €51,272 (-86.2%), from €59,458 to €8,186
- Gross operating margin -€323,754
down €323,754 (-70.4%), from €459,911 to €136,157
- Taxes -€75,176
down €75,176 (-97.4%), from €77,161 to €1,986
- Financial charges -€16,552
down €16,552 (-21.0%), from €78,786 to €62,234
- Financial income -€13,460
down €13,460 (-48.3%), from €27,885 to €14,425
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 | €4,634,552 | €3,405,845 | -€1.2m | -26.5% |
| Fixed assets | 21/28 | €2,649,906 | €2,526,718 | -€123,188 | -4.6% |
| Tangible fixed assets | 22/27 | €2,649,906 | €2,526,718 | -€123,188 | -4.6% |
| Land and buildings | 22 | €2,323,888 | €2,265,214 | -€58,675 | -2.5% |
| Plant, machinery and equipment | 23 | €278,673 | €212,141 | -€66,532 | -23.9% |
| Furniture and vehicles | 24 | €34,633 | €6,829 | -€27,804 | -80.3% |
| Other tangible fixed assets | 26 | €12,712 | €42,534 | +€29,822 | +235% |
| Current assets | 29/58 | €1,984,646 | €879,128 | -€1.1m | -55.7% |
| Amounts receivable after more than one year | 29 | €1,046,182 | €0 | -€1.0m | -100% |
| Other amounts receivable | 291 | €1,046,182 | €0 | -€1.0m | -100% |
| Amounts receivable within one year | 40/41 | €925,029 | €836,207 | -€88,822 | -9.6% |
| Trade receivables | 40 | €622,230 | €0 | -€622,230 | -100% |
| Other amounts receivable | 41 | €302,800 | €836,207 | +€533,408 | +176% |
| Cash at bank and in hand | 54/58 | €5,345 | €42,237 | +€36,891 | +690% |
| Deferred charges and accrued income | 490/1 | €8,089 | €684 | -€7,405 | -91.5% |
| Total equity and liabilities | 10/49 | €4,634,552 | €3,405,845 | -€1.2m | -26.5% |
| Equity | 10/15 | €849,353 | €750,633 | -€98,719 | -11.6% |
| Contributions | 10/11 | €12,300 | €18,600 | +€6,300 | +51.2% |
| Reserves | 13 | €837,053 | €732,033 | -€105,019 | -12.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €835,193 | €730,173 | -€105,019 | -12.6% |
| Amounts payable | 17/49 | €3,785,199 | €2,655,212 | -€1.1m | -29.9% |
| Amounts payable after more than one year | 17 | €2,613,867 | €2,292,249 | -€321,619 | -12.3% |
| Financial debts | 170/4 | €2,613,867 | €2,292,249 | -€321,619 | -12.3% |
| Amounts payable within one year | 42/48 | €1,139,756 | €331,555 | -€808,200 | -70.9% |
| Current portion of amounts payable after more than one year | 42 | €316,126 | €321,619 | +€5,493 | +1.7% |
| Trade debts | 44 | €59,458 | €8,186 | -€51,272 | -86.2% |
| Suppliers | 440/4 | €59,458 | €8,186 | -€51,272 | -86.2% |
| Advances received on contracts in progress | 46 | €685,881 | €0 | -€685,881 | -100% |
| Taxes, remuneration and social security | 45 | €78,291 | €1,751 | -€76,540 | -97.8% |
| Taxes | 450/3 | €78,246 | €1,751 | -€76,495 | -97.8% |
| Remuneration and social security | 454/9 | €45 | €0 | -€45 | -100% |
| Accrued charges and deferred income | 492/3 | €31,577 | €31,408 | -€169 | -0.5% |
| Remuneration, social security and pensions | 62 | €342 | €0 | -€342 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,154 | €181,059 | -€96 | -0.1% |
| Other operating charges | 640/8 | €12,549 | €10,323 | -€2,226 | -17.7% |
| Gross operating margin | 9900 | €459,911 | €136,157 | -€323,754 | -70.4% |
| Operating profit (loss) | 9901 | €265,866 | -€55,225 | -€321,091 | |
| Financial income | 75/76B | €27,885 | €14,425 | -€13,460 | -48.3% |
| Recurring financial income | 75 | €27,885 | €14,425 | -€13,460 | -48.3% |
| Financial charges | 65/66B | €78,786 | €62,234 | -€16,552 | -21.0% |
| Recurring financial charges | 65 | €78,786 | €62,234 | -€16,552 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €214,964 | -€103,034 | -€317,998 | |
| Income taxes | 67/77 | €77,161 | €1,986 | -€75,176 | -97.4% |
| Profit (loss) for the period | 9904 | €137,803 | -€105,019 | -€242,822 | |
| Profit (loss) for the period to be appropriated | 9905 | €137,803 | -€105,019 | -€242,822 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.