N.E.P.: 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.
N.E.P.
Largest movements
- Cash -€631
down €631 (-75.6%), from €835 to €204
mainly Net result for the year (-€2,704) and Stocks and contracts (-€428)
- Stocks and contracts +€428
up €428 (+28.5%), from €1,500 to €1,928
- Receivables within one year +€144
up €144 (+107%), from €134 to €277
- Profit (loss) carried forward -€2,704
down €2,704 (-5.6%), from -€48,214 to -€50,918
- Other debts +€2,644
up €2,644 (+8.7%), from €30,232 to €32,876
- Gross operating margin -€391
down €391 (-25.0%), from -€1,567 to -€1,959
- Other operating charges +€300
new in 2025: €300
- Financial charges +€32
up €32 (+7.8%), from €414 to €446
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 | €2,469 | €2,409 | -€60 | -2.4% |
| Current assets | 29/58 | €2,469 | €2,409 | -€60 | -2.4% |
| Stocks and contracts in progress | 3 | €1,500 | €1,928 | +€428 | +28.5% |
| Stocks | 30/36 | €1,500 | €1,928 | +€428 | +28.5% |
| Amounts receivable within one year | 40/41 | €134 | €277 | +€144 | +107% |
| Other amounts receivable | 41 | €134 | €277 | +€144 | +107% |
| Cash at bank and in hand | 54/58 | €835 | €204 | -€631 | -75.6% |
| Total equity and liabilities | 10/49 | €2,469 | €2,409 | -€60 | -2.4% |
| Equity | 10/15 | -€27,763 | -€30,467 | -€2,704 | -9.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,214 | -€50,918 | -€2,704 | -5.6% |
| Amounts payable | 17/49 | €30,232 | €32,876 | +€2,644 | +8.7% |
| Amounts payable within one year | 42/48 | €30,232 | €32,876 | +€2,644 | +8.7% |
| Other amounts payable | 47/48 | €30,232 | €32,876 | +€2,644 | +8.7% |
| Other operating charges | 640/8 | - | €300 | +€300 | |
| Gross operating margin | 9900 | -€1,567 | -€1,959 | -€391 | -25.0% |
| Operating profit (loss) | 9901 | -€1,567 | -€2,259 | -€691 | -44.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €414 | €446 | +€32 | +7.8% |
| Recurring financial charges | 65 | €414 | €446 | +€32 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,980 | -€2,704 | -€724 | -36.6% |
| Profit (loss) for the period | 9904 | -€1,980 | -€2,704 | -€724 | -36.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,980 | -€2,704 | -€724 | -36.6% |
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 14 October 2026 via checked.be.