Naeon: what changed
Two fiscal 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.
Naeon
Largest movements
- Deferred charges and accrued income -€206,961
down €206,961 (-97.2%), from €213,016 to €6,055
- Tangible fixed assets -€197,212
down €197,212 (-10.8%), from €1.8m to €1.6m
of which Other tangible fixed assets: -€869,442
- Receivables within one year +€139,727
up €139,727 (+84.3%), from €165,754 to €305,481
of which Other amounts receivable: +€139,727
- Reserves +€599,386
up €599,386 (+588.4%), from €101,860 to €701,246
of which Distributable reserves: +€520,826
- Debts after one year -€457,292
down €457,292 (-24.1%), from €1.9m to €1.4m
- Profit (loss) carried forward -€394,962
down €394,962 (-100.0%), from €394,962 to €0
- Advances received +€52,500
new in 2024: €52,500
- Current portion of long-term debt -€48,816
down €48,816 (-24.5%), from €199,482 to €150,666
- Gross operating margin +€165,431
up €165,431 (+88.7%), from €186,402 to €351,834
- Financial income -€49,027
down €49,027 (-65.4%), from €75,007 to €25,980
- Taxes +€19,811
up €19,811 (+59.2%), from €33,452 to €53,263
- Depreciation -€15,930
down €15,930 (-31.8%), from €50,065 to €34,135
- Other operating charges -€9,075
down €9,075 (-60.4%), from €15,026 to €5,951
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,916,726 | €2,652,212 | -€264,514 | -9.1% |
| Fixed assets | 21/28 | €2,356,565 | €2,159,353 | -€197,212 | -8.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,822,425 | €1,625,213 | -€197,212 | -10.8% |
| Land and buildings | 22 | €642 | €680,345 | +€679,703 | +105948.7% |
| Plant, machinery and equipment | 23 | €4,050 | €4,644 | +€594 | +14.7% |
| Furniture and vehicles | 24 | €51,456 | €43,388 | -€8,068 | -15.7% |
| Other tangible fixed assets | 26 | €1,766,277 | €896,836 | -€869,442 | -49.2% |
| Financial fixed assets | 28 | €534,140 | €534,140 | = | 0.0% |
| Current assets | 29/58 | €560,162 | €492,859 | -€67,302 | -12.0% |
| Amounts receivable within one year | 40/41 | €165,754 | €305,481 | +€139,727 | +84.3% |
| Trade receivables | 40 | €175 | €175 | = | 0.0% |
| Other amounts receivable | 41 | €165,579 | €305,306 | +€139,727 | +84.4% |
| Current investments | 50/53 | €181,322 | €181,322 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70 | €2 | -€68 | -96.6% |
| Deferred charges and accrued income | 490/1 | €213,016 | €6,055 | -€206,961 | -97.2% |
| Total equity and liabilities | 10/49 | €2,916,726 | €2,652,212 | -€264,514 | -9.1% |
| Equity | 10/15 | €501,422 | €705,846 | +€204,424 | +40.8% |
| Contributions | 10/11 | €4,600 | €4,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €701,246 | +€599,386 | +588.4% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | - | €80,420 | +€80,420 | |
| Distributable reserves | 133 | €100,000 | €620,826 | +€520,826 | +520.8% |
| Profit (loss) carried forward | 14 | €394,962 | €0 | -€394,962 | -100.0% |
| Provisions and deferred taxes | 16 | - | €26,807 | +€26,807 | |
| Deferred taxes | 168 | - | €26,807 | +€26,807 | |
| Amounts payable | 17/49 | €2,415,304 | €1,919,559 | -€495,745 | -20.5% |
| Amounts payable after more than one year | 17 | €1,893,724 | €1,436,433 | -€457,292 | -24.1% |
| Financial debts | 170/4 | €1,893,724 | €1,436,433 | -€457,292 | -24.1% |
| Amounts payable within one year | 42/48 | €521,580 | €483,127 | -€38,453 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €199,482 | €150,666 | -€48,816 | -24.5% |
| Financial debts | 43 | €20,921 | €17,304 | -€3,617 | -17.3% |
| Credit institutions | 430/8 | €20,921 | €17,304 | -€3,617 | -17.3% |
| Trade debts | 44 | €67,129 | €32,679 | -€34,450 | -51.3% |
| Suppliers | 440/4 | €67,129 | €32,679 | -€34,450 | -51.3% |
| Advances received on contracts in progress | 46 | - | €52,500 | +€52,500 | |
| Taxes, remuneration and social security | 45 | €55,257 | €51,188 | -€4,069 | -7.4% |
| Taxes | 450/3 | €55,257 | €46,545 | -€8,713 | -15.8% |
| Remuneration and social security | 454/9 | - | €4,644 | +€4,644 | |
| Other amounts payable | 47/48 | €178,790 | €178,790 | = | 0.0% |
| Non-recurring operating income | 76A | €3,858 | €3,004 | -€853 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,065 | €34,135 | -€15,930 | -31.8% |
| Other operating charges | 640/8 | €15,026 | €5,951 | -€9,075 | -60.4% |
| Gross operating margin | 9900 | €186,402 | €351,834 | +€165,431 | +88.7% |
| Operating profit (loss) | 9901 | €121,311 | €311,748 | +€190,437 | +157.0% |
| Financial income | 75/76B | €75,007 | €25,980 | -€49,027 | -65.4% |
| Recurring financial income | 75 | €75,007 | €25,980 | -€49,027 | -65.4% |
| Financial charges | 65/66B | €58,549 | €53,234 | -€5,314 | -9.1% |
| Recurring financial charges | 65 | €58,549 | €53,234 | -€5,314 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €137,769 | €284,494 | +€146,724 | +106.5% |
| Transfer to deferred taxes | 680 | - | €26,807 | +€26,807 | |
| Income taxes | 67/77 | €33,452 | €53,263 | +€19,811 | +59.2% |
| Profit (loss) for the period | 9904 | €104,317 | €204,424 | +€100,107 | +96.0% |
| Transfer to tax-exempt reserves | 689 | - | €80,420 | +€80,420 | |
| Profit (loss) for the period to be appropriated | 9905 | €104,317 | €124,004 | +€19,687 | +18.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.