LE NEPTUNE: 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.
LE NEPTUNE
Largest movements
- Receivables within one year -€14,057
down €14,057 (-75.6%), from €18,593 to €4,536
of which Other amounts receivable: -€13,025
- Tangible fixed assets +€13,920
up €13,920 (+128%), from €10,886 to €24,806
of which Furniture and vehicles: +€17,152
- Cash -€10,528
down €10,528 (-81.8%), from €12,878 to €2,350
mainly Investment in fixed assets (net) (-€19,058) and Trade debts (-€10,333)
- Stocks and contracts -€1,100
down €1,100 (-11.2%), from €9,800 to €8,700
- Deferred charges and accrued income +€673
up €673 (+161%), from €419 to €1,092
- Trade debts -€10,333
down €10,333 (-33.2%), from €31,081 to €20,748
- Tax, wage and social debts -€5,383
down €5,383 (-24.9%), from €21,606 to €16,223
- Other debts +€4,377
up €4,377 (+64.1%), from €6,830 to €11,207
- Gross operating margin -€10,439
down €10,439 (-54.6%), from €19,126 to €8,687
- Depreciation +€1,985
up €1,985 (+63.0%), from €3,153 to €5,138
- Other operating charges +€1,306
up €1,306 (+379%), from €345 to €1,651
- Taxes +€707
up €707 (+123%), from €574 to €1,281
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 | €52,576 | €41,484 | -€11,092 | -21.1% |
| Fixed assets | 21/28 | €10,886 | €24,806 | +€13,920 | +128% |
| Tangible fixed assets | 22/27 | €10,886 | €24,806 | +€13,920 | +128% |
| Plant, machinery and equipment | 23 | €10,886 | €7,654 | -€3,232 | -29.7% |
| Furniture and vehicles | 24 | - | €17,152 | +€17,152 | |
| Current assets | 29/58 | €41,690 | €16,678 | -€25,012 | -60.0% |
| Stocks and contracts in progress | 3 | €9,800 | €8,700 | -€1,100 | -11.2% |
| Stocks | 30/36 | €9,800 | €8,700 | -€1,100 | -11.2% |
| Amounts receivable within one year | 40/41 | €18,593 | €4,536 | -€14,057 | -75.6% |
| Trade receivables | 40 | €5,568 | €4,536 | -€1,032 | -18.5% |
| Other amounts receivable | 41 | €13,025 | - | -€13,025 | |
| Cash at bank and in hand | 54/58 | €12,878 | €2,350 | -€10,528 | -81.8% |
| Deferred charges and accrued income | 490/1 | €419 | €1,092 | +€673 | +161% |
| Total equity and liabilities | 10/49 | €52,576 | €41,484 | -€11,092 | -21.1% |
| Equity | 10/15 | -€64,441 | -€64,194 | +€247 | +0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,033 | -€82,786 | +€247 | +0.3% |
| Amounts payable | 17/49 | €117,017 | €105,678 | -€11,339 | -9.7% |
| Amounts payable after more than one year | 17 | €57,500 | €57,500 | = | 0.0% |
| Financial debts | 170/4 | €57,500 | €57,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,517 | €48,178 | -€11,339 | -19.1% |
| Trade debts | 44 | €31,081 | €20,748 | -€10,333 | -33.2% |
| Suppliers | 440/4 | €31,081 | €20,748 | -€10,333 | -33.2% |
| Taxes, remuneration and social security | 45 | €21,606 | €16,223 | -€5,383 | -24.9% |
| Taxes | 450/3 | €21,606 | €16,223 | -€5,383 | -24.9% |
| Other amounts payable | 47/48 | €6,830 | €11,207 | +€4,377 | +64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,153 | €5,138 | +€1,985 | +63.0% |
| Other operating charges | 640/8 | €345 | €1,651 | +€1,306 | +379% |
| Gross operating margin | 9900 | €19,126 | €8,687 | -€10,439 | -54.6% |
| Operating profit (loss) | 9901 | €15,628 | €1,898 | -€13,730 | -87.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €234 | €372 | +€138 | +59.0% |
| Recurring financial charges | 65 | €234 | €372 | +€138 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | €15,394 | €1,528 | -€13,866 | -90.1% |
| Income taxes | 67/77 | €574 | €1,281 | +€707 | +123% |
| Profit (loss) for the period | 9904 | €14,820 | €247 | -€14,573 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,820 | €247 | -€14,573 | -98.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.