NEAGU: 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.
NEAGU
Largest movements
- Tangible fixed assets +€22,704
up €22,704 (+256.1%), from €8,867 to €31,570
of which Other tangible fixed assets: +€23,799
- Stocks and contracts +€20,490
up €20,490 (+84.5%), from €24,250 to €44,740
- Receivables within one year -€13,356
down €13,356 (-88.4%), from €15,104 to €1,748
of which Trade receivables: -€12,580
- Deferred charges and accrued income +€9,181
up €9,181 (+2190.2%), from €419 to €9,600
- Cash -€2,830
down €2,830 (-15.5%), from €18,293 to €15,463
mainly Investment in fixed assets (net) (-€26,483) and Stocks and contracts (-€20,490)
- Other debts +€54,829
up €54,829 (+336.0%), from €16,318 to €71,147
- Debts after one year -€8,774
no longer reported in 2025 (was €8,774)
- Trade debts -€6,782
down €6,782 (-99.3%), from €6,831 to €49
- Tax, wage and social debts -€6,333
down €6,333 (-62.5%), from €10,129 to €3,795
- Profit (loss) carried forward +€3,249
up €3,249 (+11.2%), from €29,031 to €32,280
- Gross operating margin -€28,200
down €28,200 (-71.2%), from €39,595 to €11,395
- Taxes -€4,150
down €4,150 (-52.2%), from €7,945 to €3,795
- Depreciation +€1,337
up €1,337 (+54.7%), from €2,442 to €3,779
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 | €73,082 | €109,272 | +€36,189 | +49.5% |
| Fixed assets | 21/28 | €15,017 | €37,720 | +€22,704 | +151.2% |
| Tangible fixed assets | 22/27 | €8,867 | €31,570 | +€22,704 | +256.1% |
| Plant, machinery and equipment | 23 | €2,624 | €2,672 | +€48 | +1.8% |
| Furniture and vehicles | 24 | €4,984 | €3,842 | -€1,143 | -22.9% |
| Other tangible fixed assets | 26 | €1,259 | €25,057 | +€23,799 | +1891.0% |
| Financial fixed assets | 28 | €6,150 | €6,150 | = | 0.0% |
| Current assets | 29/58 | €58,066 | €71,551 | +€13,485 | +23.2% |
| Stocks and contracts in progress | 3 | €24,250 | €44,740 | +€20,490 | +84.5% |
| Stocks | 30/36 | €24,250 | €44,740 | +€20,490 | +84.5% |
| Amounts receivable within one year | 40/41 | €15,104 | €1,748 | -€13,356 | -88.4% |
| Trade receivables | 40 | €12,580 | - | -€12,580 | |
| Other amounts receivable | 41 | €2,524 | €1,748 | -€776 | -30.7% |
| Cash at bank and in hand | 54/58 | €18,293 | €15,463 | -€2,830 | -15.5% |
| Deferred charges and accrued income | 490/1 | €419 | €9,600 | +€9,181 | +2190.2% |
| Total equity and liabilities | 10/49 | €73,082 | €109,272 | +€36,189 | +49.5% |
| Equity | 10/15 | €31,031 | €34,280 | +€3,249 | +10.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,031 | €32,280 | +€3,249 | +11.2% |
| Amounts payable | 17/49 | €42,052 | €74,992 | +€32,940 | +78.3% |
| Amounts payable after more than one year | 17 | €8,774 | - | -€8,774 | |
| Financial debts | 170/4 | €8,774 | - | -€8,774 | |
| Amounts payable within one year | 42/48 | €33,278 | €74,992 | +€41,714 | +125.4% |
| Trade debts | 44 | €6,831 | €49 | -€6,782 | -99.3% |
| Suppliers | 440/4 | €6,831 | €49 | -€6,782 | -99.3% |
| Taxes, remuneration and social security | 45 | €10,129 | €3,795 | -€6,333 | -62.5% |
| Taxes | 450/3 | €10,129 | €3,795 | -€6,333 | -62.5% |
| Other amounts payable | 47/48 | €16,318 | €71,147 | +€54,829 | +336.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,442 | €3,779 | +€1,337 | +54.7% |
| Other operating charges | 640/8 | - | €383 | +€383 | |
| Gross operating margin | 9900 | €39,595 | €11,395 | -€28,200 | -71.2% |
| Operating profit (loss) | 9901 | €37,153 | €7,233 | -€29,919 | -80.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €176 | €189 | +€13 | +7.2% |
| Recurring financial charges | 65 | €176 | €189 | +€13 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €36,976 | €7,044 | -€29,932 | -80.9% |
| Income taxes | 67/77 | €7,945 | €3,795 | -€4,150 | -52.2% |
| Profit (loss) for the period | 9904 | €29,031 | €3,249 | -€25,782 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,031 | €3,249 | -€25,782 | -88.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.