NEAD: 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.
NEAD
Largest movements
- Cash -€5,242
down €5,242 (-11.3%), from €46,476 to €41,235
mainly Contributions, distributions and other (-€34,367) and Receivables within one year (-€1,678)
- Receivables within one year +€1,678
up €1,678 (+61.1%), from €2,747 to €4,425
- Reserves -€30,010
down €30,010 (-77.3%), from €38,817 to €8,807
- Other debts +€28,432
up €28,432 (+458%), from €6,211 to €34,643
- Trade debts -€1,413
down €1,413 (-53.1%), from €2,662 to €1,249
- Tax, wage and social debts -€847
down €847 (-46.8%), from €1,808 to €961
- Gross operating margin -€3,092
down €3,092 (-31.7%), from €9,746 to €6,654
- Depreciation -€1,032
down €1,032 (-87.6%), from €1,178 to €146
- Taxes -€160
down €160 (-9.6%), from €1,666 to €1,505
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 | €49,598 | €45,888 | -€3,710 | -7.5% |
| Fixed assets | 21/28 | €168 | €22 | -€146 | -87.2% |
| Tangible fixed assets | 22/27 | €168 | €22 | -€146 | -87.2% |
| Plant, machinery and equipment | 23 | €168 | €22 | -€146 | -87.2% |
| Current assets | 29/58 | €49,430 | €45,866 | -€3,563 | -7.2% |
| Stocks and contracts in progress | 3 | €206 | €206 | = | 0.0% |
| Stocks | 30/36 | €206 | €206 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,747 | €4,425 | +€1,678 | +61.1% |
| Trade receivables | 40 | €2,747 | €4,425 | +€1,678 | +61.1% |
| Cash at bank and in hand | 54/58 | €46,476 | €41,235 | -€5,242 | -11.3% |
| Total equity and liabilities | 10/49 | €49,598 | €45,888 | -€3,710 | -7.5% |
| Equity | 10/15 | €38,917 | €8,907 | -€30,010 | -77.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €38,817 | €8,807 | -€30,010 | -77.3% |
| Distributable reserves | 133 | €38,817 | €8,807 | -€30,010 | -77.3% |
| Amounts payable | 17/49 | €10,681 | €36,981 | +€26,300 | +246% |
| Amounts payable within one year | 42/48 | €10,681 | €36,853 | +€26,172 | +245% |
| Trade debts | 44 | €2,662 | €1,249 | -€1,413 | -53.1% |
| Suppliers | 440/4 | €2,662 | €1,249 | -€1,413 | -53.1% |
| Taxes, remuneration and social security | 45 | €1,808 | €961 | -€847 | -46.8% |
| Taxes | 450/3 | €1,808 | €961 | -€847 | -46.8% |
| Other amounts payable | 47/48 | €6,211 | €34,643 | +€28,432 | +458% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,178 | €146 | -€1,032 | -87.6% |
| Other operating charges | 640/8 | €577 | €593 | +€16 | +2.8% |
| Gross operating margin | 9900 | €9,746 | €6,654 | -€3,092 | -31.7% |
| Operating profit (loss) | 9901 | €7,991 | €5,914 | -€2,077 | -26.0% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €44 | €52 | +€8 | +17.9% |
| Recurring financial charges | 65 | €44 | €52 | +€8 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €7,947 | €5,863 | -€2,084 | -26.2% |
| Income taxes | 67/77 | €1,666 | €1,505 | -€160 | -9.6% |
| Profit (loss) for the period | 9904 | €6,281 | €4,357 | -€1,924 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,281 | €4,357 | -€1,924 | -30.6% |
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 17 October 2026 via checked.be.