IMMO NEPTUNUS: 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.
IMMO NEPTUNUS
Largest movements
- Cash -€105,658
down €105,658 (-99.2%), from €106,478 to €820
mainly Debts after one year (-€329,638) and Investment in fixed assets (net) (-€34,020)
- Tangible fixed assets +€17,879
up €17,879 (+3.3%), from €534,849 to €552,728
- Debts after one year -€329,638
no longer reported in 2025 (was €329,638)
- Other debts +€271,404
new in 2025: €271,404
- Current portion of long-term debt -€29,394
no longer reported in 2025 (was €29,394)
- Profit (loss) carried forward -€11,984
down €11,984 (-6.4%), from €185,861 to €173,877
- Trade debts +€11,074
new in 2025: €11,074
- Gross operating margin -€342,594
down €342,594 (-96.2%), from €356,212 to €13,618
- Taxes -€77,493
no longer reported in 2025 (was €77,493)
- Turnover -€38,704
down €38,704 (-57.4%), from €67,465 to €28,761
- Financial charges -€24,290
down €24,290 (-72.2%), from €33,631 to €9,341
- Other operating charges -€9,498
down €9,498 (-98.8%), from €9,618 to €120
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 | €642,584 | €553,555 | -€89,029 | -13.9% |
| Fixed assets | 21/28 | €534,849 | €552,728 | +€17,879 | +3.3% |
| Tangible fixed assets | 22/27 | €534,849 | €552,728 | +€17,879 | +3.3% |
| Land and buildings | 22 | €534,849 | €552,728 | +€17,879 | +3.3% |
| Current assets | 29/58 | €107,736 | €827 | -€106,909 | -99.2% |
| Amounts receivable within one year | 40/41 | €1,052 | €7 | -€1,045 | -99.3% |
| Trade receivables | 40 | €650 | - | -€650 | |
| Other amounts receivable | 41 | €402 | €7 | -€395 | -98.3% |
| Cash at bank and in hand | 54/58 | €106,478 | €820 | -€105,658 | -99.2% |
| Deferred charges and accrued income | 490/1 | €205 | - | -€205 | |
| Total equity and liabilities | 10/49 | €642,584 | €553,555 | -€89,029 | -13.9% |
| Equity | 10/15 | €283,061 | €271,077 | -€11,984 | -4.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | - | -€62,000 | |
| Issued capital | 100 | €62,000 | - | -€62,000 | |
| Reserves | 13 | €35,200 | €35,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | - | -€6,200 | |
| Reserves not available under the articles | 1311 | - | €6,200 | +€6,200 | |
| Distributable reserves | 133 | €29,000 | €29,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185,861 | €173,877 | -€11,984 | -6.4% |
| Amounts payable | 17/49 | €359,523 | €282,478 | -€77,045 | -21.4% |
| Amounts payable after more than one year | 17 | €329,638 | - | -€329,638 | |
| Financial debts | 170/4 | €329,638 | - | -€329,638 | |
| Amounts payable within one year | 42/48 | €29,394 | €282,478 | +€253,084 | +861% |
| Current portion of amounts payable after more than one year | 42 | €29,394 | - | -€29,394 | |
| Trade debts | 44 | - | €11,074 | +€11,074 | |
| Suppliers | 440/4 | - | €11,074 | +€11,074 | |
| Other amounts payable | 47/48 | - | €271,404 | +€271,404 | |
| Accrued charges and deferred income | 492/3 | €491 | - | -€491 | |
| Turnover | 70 | €67,465 | €28,761 | -€38,704 | -57.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,174 | €15,143 | +€3,969 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,610 | €16,141 | +€1,531 | +10.5% |
| Other operating charges | 640/8 | €9,618 | €120 | -€9,498 | -98.8% |
| Gross operating margin | 9900 | €356,212 | €13,618 | -€342,594 | -96.2% |
| Operating profit (loss) | 9901 | €331,984 | -€2,643 | -€334,627 | |
| Financial income | 75/76B | €19 | - | -€19 | |
| Recurring financial income | 75 | €19 | - | -€19 | |
| Financial charges | 65/66B | €33,631 | €9,341 | -€24,290 | -72.2% |
| Recurring financial charges | 65 | €33,631 | €9,341 | -€24,290 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €298,372 | -€11,984 | -€310,356 | |
| Income taxes | 67/77 | €77,493 | - | -€77,493 | |
| Profit (loss) for the period | 9904 | €220,879 | -€11,984 | -€232,863 | |
| Profit (loss) for the period to be appropriated | 9905 | €220,879 | -€11,984 | -€232,863 |
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 20 October 2026 via checked.be.