H.E.NEO DE WAND: what changed
H.E.NEO DE WAND
Largest movements
- Tangible fixed assets -€15,253
down €15,253 (-4.6%), from €332,433 to €317,180
of which Land and buildings: -€15,071
- Deferred charges and accrued income -€15,202
no longer reported in 2025 (was €15,202)
- Cash +€5,146
up €5,146 (+103%), from €5,002 to €10,148
mainly Depreciation (+€15,253) and Deferred charges and accrued income (+€15,202)
- Receivables within one year +€3,921
up €3,921 (+207%), from €1,891 to €5,812
of which Other amounts receivable: +€2,000
- Debts after one year -€18,853
down €18,853 (-25.0%), from €75,393 to €56,540
- Other debts -€18,449
down €18,449 (-44.4%), from €41,578 to €23,129
- Profit (loss) carried forward +€12,403
up €12,403, from -€3,148 to €9,255
- Tax, wage and social debts +€4,701
up €4,701 (+229%), from €2,050 to €6,751
- Gross operating margin +€18,926
up €18,926 (+42.6%), from €44,464 to €63,390
- Financial charges +€13,224
up €13,224 (+380%), from €3,481 to €16,705
of which Non-recurring financial charges: +€15,202
- Other operating charges +€1,162
up €1,162 (+8.8%), from €13,165 to €14,327
- Taxes +€958
up €958 (+25.6%), from €3,743 to €4,701
- Depreciation -€862
down €862 (-5.3%), from €16,115 to €15,253
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 | €355,764 | €334,375 | -€21,389 | -6.0% |
| Fixed assets | 21/28 | €333,668 | €318,415 | -€15,253 | -4.6% |
| Tangible fixed assets | 22/27 | €332,433 | €317,180 | -€15,253 | -4.6% |
| Land and buildings | 22 | €330,824 | €315,754 | -€15,071 | -4.6% |
| Plant, machinery and equipment | 23 | €1,609 | €1,426 | -€183 | -11.4% |
| Financial fixed assets | 28 | €1,235 | €1,235 | = | 0.0% |
| Current assets | 29/58 | €22,096 | €15,960 | -€6,135 | -27.8% |
| Amounts receivable within one year | 40/41 | €1,891 | €5,812 | +€3,921 | +207% |
| Trade receivables | 40 | - | €1,921 | +€1,921 | |
| Other amounts receivable | 41 | €1,891 | €3,891 | +€2,000 | +106% |
| Cash at bank and in hand | 54/58 | €5,002 | €10,148 | +€5,146 | +103% |
| Deferred charges and accrued income | 490/1 | €15,202 | - | -€15,202 | |
| Total equity and liabilities | 10/49 | €355,764 | €334,375 | -€21,389 | -6.0% |
| Equity | 10/15 | €215,892 | €228,295 | +€12,403 | +5.7% |
| Contributions | 10/11 | €215,000 | €215,000 | = | 0.0% |
| Capital | 10 | €215,000 | €215,000 | = | 0.0% |
| Issued capital | 100 | €215,000 | €215,000 | = | 0.0% |
| Reserves | 13 | €4,040 | €4,040 | = | 0.0% |
| Non-distributable reserves | 130/1 | €800 | €800 | = | 0.0% |
| Legal reserve | 130 | €800 | €800 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,240 | €3,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,148 | €9,255 | +€12,403 | |
| Amounts payable | 17/49 | €139,872 | €106,080 | -€33,792 | -24.2% |
| Amounts payable after more than one year | 17 | €75,393 | €56,540 | -€18,853 | -25.0% |
| Financial debts | 170/4 | €75,393 | €56,540 | -€18,853 | -25.0% |
| Amounts payable within one year | 42/48 | €64,479 | €49,540 | -€14,939 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €18,587 | €18,853 | +€265 | +1.4% |
| Trade debts | 44 | €2,264 | €807 | -€1,457 | -64.3% |
| Suppliers | 440/4 | €2,264 | €807 | -€1,457 | -64.3% |
| Taxes, remuneration and social security | 45 | €2,050 | €6,751 | +€4,701 | +229% |
| Taxes | 450/3 | €2,050 | €6,751 | +€4,701 | +229% |
| Other amounts payable | 47/48 | €41,578 | €23,129 | -€18,449 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,115 | €15,253 | -€862 | -5.3% |
| Other operating charges | 640/8 | €13,165 | €14,327 | +€1,162 | +8.8% |
| Gross operating margin | 9900 | €44,464 | €63,390 | +€18,926 | +42.6% |
| Operating profit (loss) | 9901 | €15,184 | €33,810 | +€18,626 | +123% |
| Financial charges | 65/66B | €3,481 | €16,705 | +€13,224 | +380% |
| Recurring financial charges | 65 | €3,481 | €1,503 | -€1,978 | -56.8% |
| Non-recurring financial charges | 66B | - | €15,202 | +€15,202 | |
| Profit (loss) for the period before taxes | 9903 | €11,703 | €17,104 | +€5,401 | +46.2% |
| Income taxes | 67/77 | €3,743 | €4,701 | +€958 | +25.6% |
| Profit (loss) for the period | 9904 | €7,960 | €12,403 | +€4,443 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,960 | €12,403 | +€4,443 | +55.8% |
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 7 November 2026 via checked.be.