NE-Projects: 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.
NE-Projects
Largest movements
- Cash +€12,805
up €12,805 (+23.8%), from €53,839 to €66,645
mainly Net result for the year (+€12,590) and Depreciation (+€5,956)
- Receivables within one year -€5,069
down €5,069 (-90.7%), from €5,587 to €518
of which Other amounts receivable: -€2,951
- Deferred charges and accrued income +€5,000
new in 2025: €5,000
- Tangible fixed assets -€2,826
down €2,826 (-6.2%), from €45,773 to €42,946
of which Other tangible fixed assets: -€3,386
- Reserves +€12,590
up €12,590 (+22.0%), from €57,143 to €69,732
- Debts after one year -€1,949
down €1,949 (-79.5%), from €2,453 to €503
- Gross operating margin -€15,624
down €15,624 (-38.5%), from €40,625 to €25,001
- Taxes -€3,229
down €3,229 (-40.9%), from €7,894 to €4,665
- Other operating charges +€662
up €662 (+121.2%), from €547 to €1,209
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 | €105,199 | €115,109 | +€9,910 | +9.4% |
| Fixed assets | 21/28 | €45,773 | €42,946 | -€2,826 | -6.2% |
| Tangible fixed assets | 22/27 | €45,773 | €42,946 | -€2,826 | -6.2% |
| Plant, machinery and equipment | 23 | €2,778 | €4,428 | +€1,650 | +59.4% |
| Furniture and vehicles | 24 | €2,346 | €1,255 | -€1,091 | -46.5% |
| Other tangible fixed assets | 26 | €40,649 | €37,263 | -€3,386 | -8.3% |
| Current assets | 29/58 | €59,426 | €72,163 | +€12,736 | +21.4% |
| Amounts receivable within one year | 40/41 | €5,587 | €518 | -€5,069 | -90.7% |
| Trade receivables | 40 | €2,118 | - | -€2,118 | |
| Other amounts receivable | 41 | €3,469 | €518 | -€2,951 | -85.1% |
| Cash at bank and in hand | 54/58 | €53,839 | €66,645 | +€12,805 | +23.8% |
| Deferred charges and accrued income | 490/1 | - | €5,000 | +€5,000 | |
| Total equity and liabilities | 10/49 | €105,199 | €115,109 | +€9,910 | +9.4% |
| Equity | 10/15 | €60,143 | €72,732 | +€12,590 | +20.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,143 | €69,732 | +€12,590 | +22.0% |
| Distributable reserves | 133 | €57,143 | €69,732 | +€12,590 | +22.0% |
| Amounts payable | 17/49 | €45,056 | €42,377 | -€2,680 | -5.9% |
| Amounts payable after more than one year | 17 | €2,453 | €503 | -€1,949 | -79.5% |
| Financial debts | 170/4 | €2,453 | €503 | -€1,949 | -79.5% |
| Amounts payable within one year | 42/48 | €42,604 | €41,874 | -€730 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €1,851 | €1,949 | +€98 | +5.3% |
| Financial debts | 43 | €3,474 | €3,352 | -€122 | -3.5% |
| Other loans | 439 | €3,474 | €3,352 | -€122 | -3.5% |
| Trade debts | 44 | €402 | €452 | +€50 | +12.6% |
| Suppliers | 440/4 | €402 | €452 | +€50 | +12.6% |
| Other amounts payable | 47/48 | €36,876 | €36,120 | -€756 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,714 | €5,956 | +€242 | +4.2% |
| Other operating charges | 640/8 | €547 | €1,209 | +€662 | +121.2% |
| Gross operating margin | 9900 | €40,625 | €25,001 | -€15,624 | -38.5% |
| Operating profit (loss) | 9901 | €34,364 | €17,835 | -€16,529 | -48.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €813 | €581 | -€232 | -28.5% |
| Recurring financial charges | 65 | €813 | €581 | -€232 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €33,551 | €17,255 | -€16,296 | -48.6% |
| Income taxes | 67/77 | €7,894 | €4,665 | -€3,229 | -40.9% |
| Profit (loss) for the period | 9904 | €25,657 | €12,590 | -€13,067 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,657 | €12,590 | -€13,067 | -50.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.