LUC NEYRINCK: 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.
LUC NEYRINCK
Largest movements
- Cash +€48,611
up €48,611 (+70.4%), from €69,096 to €117,707
mainly Net result for the year (+€50,481) and Other debts (+€34,296)
- Current investments -€31,975
down €31,975 (-27.8%), from €115,000 to €83,025
- Tangible fixed assets -€9,460
down €9,460 (-22.2%), from €42,539 to €33,079
- Receivables within one year -€4,122
down €4,122 (-23.9%), from €17,221 to €13,099
of which Trade receivables: -€3,027
- Other debts +€34,296
up €34,296 (+31.5%), from €108,933 to €143,229
- Profit (loss) carried forward -€19,410
down €19,410 (-29.9%), from €64,891 to €45,481
- Tax, wage and social debts -€12,836
down €12,836 (-86.3%), from €14,867 to €2,031
- Financial income -€18,183
down €18,183 (-97.3%), from €18,695 to €512
- Depreciation +€5,714
up €5,714 (+152%), from €3,747 to €9,460
- Gross operating margin +€3,118
up €3,118 (+4.5%), from €68,585 to €71,703
- Taxes -€1,254
down €1,254 (-9.9%), from €12,639 to €11,385
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 | €245,589 | €246,910 | +€1,321 | +0.5% |
| Fixed assets | 21/28 | €42,539 | €33,079 | -€9,460 | -22.2% |
| Tangible fixed assets | 22/27 | €42,539 | €33,079 | -€9,460 | -22.2% |
| Furniture and vehicles | 24 | €42,539 | €33,079 | -€9,460 | -22.2% |
| Current assets | 29/58 | €203,051 | €213,831 | +€10,781 | +5.3% |
| Amounts receivable within one year | 40/41 | €17,221 | €13,099 | -€4,122 | -23.9% |
| Trade receivables | 40 | €12,397 | €9,370 | -€3,027 | -24.4% |
| Other amounts receivable | 41 | €4,823 | €3,729 | -€1,095 | -22.7% |
| Current investments | 50/53 | €115,000 | €83,025 | -€31,975 | -27.8% |
| Cash at bank and in hand | 54/58 | €69,096 | €117,707 | +€48,611 | +70.4% |
| Deferred charges and accrued income | 490/1 | €1,734 | €0 | -€1,734 | -100% |
| Total equity and liabilities | 10/49 | €245,589 | €246,910 | +€1,321 | +0.5% |
| Equity | 10/15 | €120,923 | €101,513 | -€19,410 | -16.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €37,482 | €37,482 | = | 0.0% |
| Distributable reserves | 133 | €37,482 | €37,482 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,891 | €45,481 | -€19,410 | -29.9% |
| Amounts payable | 17/49 | €124,667 | €145,397 | +€20,730 | +16.6% |
| Amounts payable within one year | 42/48 | €124,579 | €145,397 | +€20,818 | +16.7% |
| Trade debts | 44 | €779 | €137 | -€642 | -82.5% |
| Suppliers | 440/4 | €779 | €137 | -€642 | -82.5% |
| Taxes, remuneration and social security | 45 | €14,867 | €2,031 | -€12,836 | -86.3% |
| Taxes | 450/3 | €14,867 | €2,031 | -€12,836 | -86.3% |
| Other amounts payable | 47/48 | €108,933 | €143,229 | +€34,296 | +31.5% |
| Accrued charges and deferred income | 492/3 | €87 | €0 | -€87 | -100% |
| Non-recurring operating income | 76A | €8,000 | €0 | -€8,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,747 | €9,460 | +€5,714 | +152% |
| Other operating charges | 640/8 | €1,131 | €610 | -€522 | -46.1% |
| Gross operating margin | 9900 | €68,585 | €71,703 | +€3,118 | +4.5% |
| Operating profit (loss) | 9901 | €63,707 | €61,633 | -€2,074 | -3.3% |
| Financial income | 75/76B | €18,695 | €512 | -€18,183 | -97.3% |
| Recurring financial income | 75 | €18,695 | €512 | -€18,183 | -97.3% |
| Financial charges | 65/66B | €789 | €279 | -€510 | -64.6% |
| Recurring financial charges | 65 | €789 | €279 | -€510 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €81,613 | €61,866 | -€19,747 | -24.2% |
| Income taxes | 67/77 | €12,639 | €11,385 | -€1,254 | -9.9% |
| Profit (loss) for the period | 9904 | €68,974 | €50,481 | -€18,493 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,974 | €50,481 | -€18,493 | -26.8% |
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 19 October 2026 via checked.be.