Neal: 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.
Neal
Largest movements
- Cash +€30,928
up €30,928 (+81.7%), from €37,844 to €68,773
mainly Net result for the year (+€30,117) and Other debts (+€2,803)
- Receivables within one year +€5,140
up €5,140 (+77.3%), from €6,651 to €11,791
of which Trade receivables: +€5,440
- Reserves +€61,470
new in 2025: €61,470
- Profit (loss) carried forward -€31,353
no longer reported in 2025 (was €31,353)
- Other debts +€2,803
up €2,803 (+118,785%), from €2 to €2,806
- Tax, wage and social debts +€2,549
up €2,549 (+21.1%), from €12,053 to €14,602
of which Taxes: +€2,528
- Gross operating margin -€1,061
down €1,061 (-2.7%), from €39,858 to €38,797
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 | €45,656 | €81,229 | +€35,573 | +77.9% |
| Fixed assets | 21/28 | €1,161 | €666 | -€495 | -42.7% |
| Tangible fixed assets | 22/27 | €1,161 | €666 | -€495 | -42.7% |
| Furniture and vehicles | 24 | €1,161 | €666 | -€495 | -42.7% |
| Current assets | 29/58 | €44,495 | €80,564 | +€36,068 | +81.1% |
| Amounts receivable within one year | 40/41 | €6,651 | €11,791 | +€5,140 | +77.3% |
| Trade receivables | 40 | €6,351 | €11,791 | +€5,440 | +85.6% |
| Other amounts receivable | 41 | €300 | - | -€300 | |
| Cash at bank and in hand | 54/58 | €37,844 | €68,773 | +€30,928 | +81.7% |
| Total equity and liabilities | 10/49 | €45,656 | €81,229 | +€35,573 | +77.9% |
| Equity | 10/15 | €32,853 | €62,970 | +€30,117 | +91.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €61,470 | +€61,470 | |
| Distributable reserves | 133 | - | €61,470 | +€61,470 | |
| Profit (loss) carried forward | 14 | €31,353 | - | -€31,353 | |
| Amounts payable | 17/49 | €12,803 | €18,259 | +€5,456 | +42.6% |
| Amounts payable within one year | 42/48 | €12,803 | €18,259 | +€5,456 | +42.6% |
| Trade debts | 44 | €748 | €852 | +€104 | +13.9% |
| Suppliers | 440/4 | €748 | €852 | +€104 | +13.9% |
| Taxes, remuneration and social security | 45 | €12,053 | €14,602 | +€2,549 | +21.1% |
| Taxes | 450/3 | €12,053 | €14,581 | +€2,528 | +21.0% |
| Remuneration and social security | 454/9 | - | €21 | +€21 | |
| Other amounts payable | 47/48 | €2 | €2,806 | +€2,803 | +118,785% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325 | €495 | +€170 | +52.5% |
| Other operating charges | 640/8 | €50 | €228 | +€178 | +356% |
| Gross operating margin | 9900 | €39,858 | €38,797 | -€1,061 | -2.7% |
| Operating profit (loss) | 9901 | €39,483 | €38,074 | -€1,409 | -3.6% |
| Financial charges | 65/66B | €0 | €38 | +€37 | +12,400% |
| Recurring financial charges | 65 | €0 | €38 | +€37 | +12,400% |
| Profit (loss) for the period before taxes | 9903 | €39,483 | €38,036 | -€1,446 | -3.7% |
| Income taxes | 67/77 | €8,130 | €7,920 | -€210 | -2.6% |
| Profit (loss) for the period | 9904 | €31,353 | €30,117 | -€1,237 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,353 | €30,117 | -€1,237 | -3.9% |
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 15 October 2026 via checked.be.