NEAGU GROUP: 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 GROUP
Largest movements
- Receivables within one year -€69,673
down €69,673 (-44.6%), from €156,272 to €86,599
of which Trade receivables: -€59,942
- Stocks and contracts +€31,215
up €31,215 (+118%), from €26,452 to €57,667
of which Contracts in progress: +€17,328
- Tangible fixed assets +€16,144
up €16,144 (+94.5%), from €17,091 to €33,235
of which Furniture and vehicles: +€15,837
- Deferred charges and accrued income +€4,300
new in 2025: €4,300
- Advances received -€20,423
down €20,423 (-100%), from €20,423 to €0
- Short-term financial debts +€9,073
up €9,073 (+261%), from €3,472 to €12,545
- Other debts -€7,325
down €7,325 (-60.9%), from €12,034 to €4,709
- Trade debts -€5,163
down €5,163 (-9.9%), from €52,346 to €47,182
- Profit (loss) carried forward +€4,923
up €4,923 (+4.6%), from €107,848 to €112,771
- Staff costs +€36,327
new in 2025: €36,327
- Gross operating margin +€15,296
up €15,296 (+38.0%), from €40,250 to €55,547
- Taxes -€5,331
down €5,331 (-72.0%), from €7,404 to €2,073
- Other operating charges -€3,271
down €3,271 (-64.3%), from €5,084 to €1,813
- Depreciation +€2,679
up €2,679 (+42.8%), from €6,261 to €8,940
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 | €223,413 | €205,399 | -€18,014 | -8.1% |
| Fixed assets | 21/28 | €18,591 | €34,735 | +€16,144 | +86.8% |
| Tangible fixed assets | 22/27 | €17,091 | €33,235 | +€16,144 | +94.5% |
| Plant, machinery and equipment | 23 | €2,064 | €2,371 | +€308 | +14.9% |
| Furniture and vehicles | 24 | €15,027 | €30,864 | +€15,837 | +105% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €204,822 | €170,663 | -€34,158 | -16.7% |
| Stocks and contracts in progress | 3 | €26,452 | €57,667 | +€31,215 | +118% |
| Stocks | 30/36 | €11,326 | €25,213 | +€13,887 | +123% |
| Contracts in progress | 37 | €15,126 | €32,454 | +€17,328 | +115% |
| Amounts receivable within one year | 40/41 | €156,272 | €86,599 | -€69,673 | -44.6% |
| Trade receivables | 40 | €138,777 | €78,834 | -€59,942 | -43.2% |
| Other amounts receivable | 41 | €17,495 | €7,764 | -€9,731 | -55.6% |
| Cash at bank and in hand | 54/58 | €22,097 | €22,097 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €4,300 | +€4,300 | |
| Total equity and liabilities | 10/49 | €223,413 | €205,399 | -€18,014 | -8.1% |
| Equity | 10/15 | €127,735 | €132,658 | +€4,923 | +3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,287 | €1,287 | = | 0.0% |
| Distributable reserves | 133 | €1,287 | €1,287 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,848 | €112,771 | +€4,923 | +4.6% |
| Amounts payable | 17/49 | €95,678 | €72,741 | -€22,937 | -24.0% |
| Amounts payable within one year | 42/48 | €95,678 | €72,741 | -€22,937 | -24.0% |
| Financial debts | 43 | €3,472 | €12,545 | +€9,073 | +261% |
| Credit institutions | 430/8 | €3,472 | €12,545 | +€9,073 | +261% |
| Trade debts | 44 | €52,346 | €47,182 | -€5,163 | -9.9% |
| Suppliers | 440/4 | €52,346 | €47,182 | -€5,163 | -9.9% |
| Advances received on contracts in progress | 46 | €20,423 | €0 | -€20,423 | -100% |
| Taxes, remuneration and social security | 45 | €7,404 | €8,305 | +€901 | +12.2% |
| Taxes | 450/3 | €7,404 | €8,305 | +€901 | +12.2% |
| Other amounts payable | 47/48 | €12,034 | €4,709 | -€7,325 | -60.9% |
| Remuneration, social security and pensions | 62 | - | €36,327 | +€36,327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,261 | €8,940 | +€2,679 | +42.8% |
| Other operating charges | 640/8 | €5,084 | €1,813 | -€3,271 | -64.3% |
| Gross operating margin | 9900 | €40,250 | €55,547 | +€15,296 | +38.0% |
| Operating profit (loss) | 9901 | €28,905 | €8,466 | -€20,439 | -70.7% |
| Financial income | 75/76B | €127 | €1 | -€126 | -99.3% |
| Recurring financial income | 75 | €127 | €1 | -€126 | -99.3% |
| Financial charges | 65/66B | €3,710 | €1,471 | -€2,239 | -60.3% |
| Recurring financial charges | 65 | €3,710 | €1,471 | -€2,239 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €25,322 | €6,996 | -€18,326 | -72.4% |
| Income taxes | 67/77 | €7,404 | €2,073 | -€5,331 | -72.0% |
| Profit (loss) for the period | 9904 | €17,918 | €4,923 | -€12,995 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,918 | €4,923 | -€12,995 | -72.5% |
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 29 October 2026 via checked.be.