NEA 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.
NEA MANAGEMENT
Largest movements
- Cash +€12,468
up €12,468 (+5.6%), from €220,693 to €233,161
mainly Receivables within one year (+€11,239) and Net result for the year (+€4,419)
- Receivables within one year -€11,239
down €11,239 (-62.9%), from €17,869 to €6,631
of which Other amounts receivable: -€14,067
- Profit (loss) carried forward +€4,419
up €4,419 (+2.9%), from €150,036 to €154,455
- Trade debts -€4,076
down €4,076 (-60.1%), from €6,783 to €2,707
- Gross operating margin -€12,861
down €12,861 (-11.1%), from €115,832 to €102,971
- Financial charges -€8,142
down €8,142 (-8.0%), from €101,415 to €93,272
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 | €311,747 | €311,461 | -€286 | -0.1% |
| Fixed assets | 21/28 | €21,813 | €18,991 | -€2,822 | -12.9% |
| Tangible fixed assets | 22/27 | €20,123 | €18,991 | -€1,132 | -5.6% |
| Furniture and vehicles | 24 | €3,019 | €3,887 | +€868 | +28.8% |
| Other tangible fixed assets | 26 | €17,104 | €15,104 | -€2,000 | -11.7% |
| Financial fixed assets | 28 | €1,690 | - | -€1,690 | |
| Current assets | 29/58 | €289,934 | €292,470 | +€2,536 | +0.9% |
| Stocks and contracts in progress | 3 | €1,372 | €2,678 | +€1,306 | +95.2% |
| Stocks | 30/36 | €1,372 | €2,678 | +€1,306 | +95.2% |
| Amounts receivable within one year | 40/41 | €17,869 | €6,631 | -€11,239 | -62.9% |
| Trade receivables | 40 | €2,206 | €5,035 | +€2,829 | +128% |
| Other amounts receivable | 41 | €15,663 | €1,596 | -€14,067 | -89.8% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €220,693 | €233,161 | +€12,468 | +5.6% |
| Total equity and liabilities | 10/49 | €311,747 | €311,461 | -€286 | -0.1% |
| Equity | 10/15 | €248,096 | €252,515 | +€4,419 | +1.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €90,000 | €90,000 | = | 0.0% |
| Distributable reserves | 133 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,036 | €154,455 | +€4,419 | +2.9% |
| Amounts payable | 17/49 | €63,651 | €58,946 | -€4,705 | -7.4% |
| Amounts payable within one year | 42/48 | €63,651 | €58,946 | -€4,705 | -7.4% |
| Trade debts | 44 | €6,783 | €2,707 | -€4,076 | -60.1% |
| Suppliers | 440/4 | €6,783 | €2,707 | -€4,076 | -60.1% |
| Taxes, remuneration and social security | 45 | €4,868 | €4,239 | -€629 | -12.9% |
| Taxes | 450/3 | €3,261 | €2,631 | -€629 | -19.3% |
| Remuneration and social security | 454/9 | €1,607 | €1,607 | = | 0.0% |
| Other amounts payable | 47/48 | €52,000 | €52,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,175 | €2,370 | +€195 | +8.9% |
| Other operating charges | 640/8 | €945 | €1,038 | +€93 | +9.8% |
| Gross operating margin | 9900 | €115,832 | €102,971 | -€12,861 | -11.1% |
| Operating profit (loss) | 9901 | €112,712 | €99,564 | -€13,148 | -11.7% |
| Financial income | 75/76B | €1,223 | €846 | -€376 | -30.8% |
| Recurring financial income | 75 | €1,223 | €846 | -€376 | -30.8% |
| Financial charges | 65/66B | €101,415 | €93,272 | -€8,142 | -8.0% |
| Recurring financial charges | 65 | €101,415 | €93,272 | -€8,142 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €12,520 | €7,138 | -€5,382 | -43.0% |
| Income taxes | 67/77 | €3,270 | €2,718 | -€552 | -16.9% |
| Profit (loss) for the period | 9904 | €9,250 | €4,419 | -€4,830 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,250 | €4,419 | -€4,830 | -52.2% |
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 16 October 2026 via checked.be.