NE MANAGEMENT: 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.
NE MANAGEMENT
Largest movements
- Receivables within one year +€152,247
up €152,247 (+485.0%), from €31,389 to €183,635
of which Other amounts receivable: +€88,862
- Tangible fixed assets -€86,479
down €86,479 (-4.1%), from €2.1m to €2.0m
of which Furniture and vehicles: -€58,534
- Deferred charges and accrued income +€48,555
up €48,555 (+374.7%), from €12,957 to €61,512
- Debts after one year +€71,355
up €71,355 (+3.6%), from €2.0m to €2.1m
- Trade debts +€47,047
up €47,047 (+1066.2%), from €4,412 to €51,459
- Current portion of long-term debt +€36,831
up €36,831 (+38.2%), from €96,410 to €133,242
- Other debts -€32,016
down €32,016 (-85.0%), from €37,666 to €5,650
- Other operating charges +€28,873
up €28,873 (+157.9%), from €18,287 to €47,160
- Financial charges +€26,321
up €26,321 (+47.3%), from €55,646 to €81,967
- Staff costs -€16,731
down €16,731 (-25.9%), from €64,700 to €47,969
- Taxes -€8,321
down €8,321 (-63.3%), from €13,138 to €4,817
- Depreciation -€6,713
down €6,713 (-9.0%), from €74,994 to €68,281
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.
Cash bridge derived
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 | €2,267,182 | €2,397,150 | +€129,968 | +5.7% |
| Fixed assets | 21/28 | €2,184,146 | €2,113,796 | -€70,349 | -3.2% |
| Tangible fixed assets | 22/27 | €2,086,046 | €1,999,567 | -€86,479 | -4.1% |
| Furniture and vehicles | 24 | €72,885 | €14,351 | -€58,534 | -80.3% |
| Other tangible fixed assets | 26 | €2,013,161 | €1,985,216 | -€27,945 | -1.4% |
| Financial fixed assets | 28 | €98,100 | €114,230 | +€16,130 | +16.4% |
| Current assets | 29/58 | €83,037 | €283,354 | +€200,317 | +241.2% |
| Amounts receivable after more than one year | 29 | €13,025 | €5,983 | -€7,042 | -54.1% |
| Trade receivables | 290 | - | €5,983 | +€5,983 | |
| Other amounts receivable | 291 | €13,025 | - | -€13,025 | |
| Stocks and contracts in progress | 3 | €8,945 | €8,945 | = | 0.0% |
| Stocks | 30/36 | €8,945 | €8,945 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,389 | €183,635 | +€152,247 | +485.0% |
| Trade receivables | 40 | €31,389 | €94,773 | +€63,385 | +201.9% |
| Other amounts receivable | 41 | - | €88,862 | +€88,862 | |
| Cash at bank and in hand | 54/58 | €16,721 | €23,279 | +€6,558 | +39.2% |
| Deferred charges and accrued income | 490/1 | €12,957 | €61,512 | +€48,555 | +374.7% |
| Total equity and liabilities | 10/49 | €2,267,182 | €2,397,150 | +€129,968 | +5.7% |
| Equity | 10/15 | €89,499 | €93,405 | +€3,906 | +4.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,999 | €91,905 | +€3,906 | +4.4% |
| Amounts payable | 17/49 | €2,177,683 | €2,303,745 | +€126,062 | +5.8% |
| Amounts payable after more than one year | 17 | €1,989,809 | €2,061,164 | +€71,355 | +3.6% |
| Financial debts | 170/4 | €1,989,809 | €2,061,164 | +€71,355 | +3.6% |
| Amounts payable within one year | 42/48 | €186,296 | €240,065 | +€53,769 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €96,410 | €133,242 | +€36,831 | +38.2% |
| Financial debts | 43 | - | €16,005 | +€16,005 | |
| Credit institutions | 430/8 | - | €16,005 | +€16,005 | |
| Trade debts | 44 | €4,412 | €51,459 | +€47,047 | +1066.2% |
| Suppliers | 440/4 | €4,412 | €51,459 | +€47,047 | +1066.2% |
| Taxes, remuneration and social security | 45 | €47,807 | €33,709 | -€14,098 | -29.5% |
| Taxes | 450/3 | €37,607 | €32,790 | -€4,817 | -12.8% |
| Remuneration and social security | 454/9 | €10,200 | €919 | -€9,281 | -91.0% |
| Other amounts payable | 47/48 | €37,666 | €5,650 | -€32,016 | -85.0% |
| Accrued charges and deferred income | 492/3 | €1,578 | €2,516 | +€938 | +59.4% |
| Non-recurring operating income | 76A | - | €23,315 | +€23,315 | |
| Remuneration, social security and pensions | 62 | €64,700 | €47,969 | -€16,731 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,994 | €68,281 | -€6,713 | -9.0% |
| Other operating charges | 640/8 | €18,287 | €47,160 | +€28,873 | +157.9% |
| Gross operating margin | 9900 | €245,485 | €251,832 | +€6,347 | +2.6% |
| Operating profit (loss) | 9901 | €87,504 | €88,422 | +€917 | +1.0% |
| Financial income | 75/76B | €730 | €2,269 | +€1,540 | +211.0% |
| Recurring financial income | 75 | €730 | €2,269 | +€1,540 | +211.0% |
| Financial charges | 65/66B | €55,646 | €81,967 | +€26,321 | +47.3% |
| Recurring financial charges | 65 | €55,646 | €81,967 | +€26,321 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €32,587 | €8,723 | -€23,864 | -73.2% |
| Income taxes | 67/77 | €13,138 | €4,817 | -€8,321 | -63.3% |
| Profit (loss) for the period | 9904 | €19,450 | €3,906 | -€15,543 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,450 | €3,906 | -€15,543 | -79.9% |
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 11 October 2026 via checked.be.