NEA: 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.
NEA
Largest movements
- Tangible fixed assets +€10,749
up €10,749 (+16.2%), from €66,374 to €77,122
of which Land and buildings: +€20,257
- Stocks and contracts +€4,306
up €4,306 (+19.5%), from €22,083 to €26,389
- Receivables within one year +€2,588
up €2,588 (+258.8%), from €1,000 to €3,588
- Other debts +€30,563
up €30,563 (+68.9%), from €44,379 to €74,942
- Debts after one year -€9,008
down €9,008 (-36.1%), from €24,979 to €15,971
- Profit (loss) carried forward -€2,796
down €2,796 (-10.5%), from -€26,642 to -€29,438
- Trade debts -€1,434
down €1,434 (-16.0%), from €8,948 to €7,514
- Gross operating margin +€6,217
up €6,217 (+16.3%), from €38,145 to €44,361
- Depreciation +€4,450
up €4,450 (+31.2%), from €14,263 to €18,712
- Taxes +€1,153
up €1,153 (+504.7%), from €228 to €1,381
- Other operating charges -€1,053
down €1,053 (-38.6%), from €2,731 to €1,678
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 | €90,394 | €108,639 | +€18,245 | +20.2% |
| Fixed assets | 21/28 | €66,374 | €77,122 | +€10,749 | +16.2% |
| Tangible fixed assets | 22/27 | €66,374 | €77,122 | +€10,749 | +16.2% |
| Land and buildings | 22 | €10,960 | €31,217 | +€20,257 | +184.8% |
| Plant, machinery and equipment | 23 | €15,845 | €16,373 | +€528 | +3.3% |
| Furniture and vehicles | 24 | €39,568 | €29,532 | -€10,036 | -25.4% |
| Current assets | 29/58 | €24,021 | €31,516 | +€7,496 | +31.2% |
| Stocks and contracts in progress | 3 | €22,083 | €26,389 | +€4,306 | +19.5% |
| Stocks | 30/36 | €22,083 | €26,389 | +€4,306 | +19.5% |
| Amounts receivable within one year | 40/41 | €1,000 | €3,588 | +€2,588 | +258.8% |
| Trade receivables | 40 | €1,000 | €3,588 | +€2,588 | +258.8% |
| Cash at bank and in hand | 54/58 | €361 | €956 | +€596 | +165.2% |
| Deferred charges and accrued income | 490/1 | €577 | €584 | +€6 | +1.1% |
| Total equity and liabilities | 10/49 | €90,394 | €108,639 | +€18,245 | +20.2% |
| Equity | 10/15 | -€4,551 | -€7,347 | -€2,796 | -61.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,642 | -€29,438 | -€2,796 | -10.5% |
| Amounts payable | 17/49 | €94,945 | €115,986 | +€21,041 | +22.2% |
| Amounts payable after more than one year | 17 | €24,979 | €15,971 | -€9,008 | -36.1% |
| Financial debts | 170/4 | €24,979 | €15,971 | -€9,008 | -36.1% |
| Amounts payable within one year | 42/48 | €69,966 | €100,015 | +€30,048 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €8,321 | €8,889 | +€568 | +6.8% |
| Trade debts | 44 | €8,948 | €7,514 | -€1,434 | -16.0% |
| Suppliers | 440/4 | €8,948 | €7,514 | -€1,434 | -16.0% |
| Taxes, remuneration and social security | 45 | €8,318 | €8,670 | +€352 | +4.2% |
| Taxes | 450/3 | €8,318 | €6,728 | -€1,590 | -19.1% |
| Remuneration and social security | 454/9 | - | €1,942 | +€1,942 | |
| Other amounts payable | 47/48 | €44,379 | €74,942 | +€30,563 | +68.9% |
| Remuneration, social security and pensions | 62 | €24,131 | €23,701 | -€430 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,263 | €18,712 | +€4,450 | +31.2% |
| Other operating charges | 640/8 | €2,731 | €1,678 | -€1,053 | -38.6% |
| Gross operating margin | 9900 | €38,145 | €44,361 | +€6,217 | +16.3% |
| Operating profit (loss) | 9901 | -€2,980 | €270 | +€3,250 | |
| Financial income | 75/76B | €6 | €42 | +€37 | +649.3% |
| Recurring financial income | 75 | €6 | €42 | +€37 | +649.3% |
| Financial charges | 65/66B | €1,489 | €1,727 | +€238 | +16.0% |
| Recurring financial charges | 65 | €1,489 | €1,727 | +€238 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,463 | -€1,415 | +€3,049 | +68.3% |
| Income taxes | 67/77 | €228 | €1,381 | +€1,153 | +504.7% |
| Profit (loss) for the period | 9904 | -€4,692 | -€2,796 | +€1,896 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,692 | -€2,796 | +€1,896 | +40.4% |
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 5 October 2026 via checked.be.