Neals HRM: what changed
Neals HRM
Largest movements
- Receivables within one year -€5,260
down €5,260 (-50.2%), from €10,482 to €5,222
of which Trade receivables: -€6,181
- Tangible fixed assets -€4,436
down €4,436 (-30.5%), from €14,523 to €10,087
of which Furniture and vehicles: -€3,954
- Cash +€4,004
up €4,004 (+25.5%), from €15,680 to €19,684
mainly Other debts (+€7,510) and Receivables within one year (+€5,260)
- Profit (loss) carried forward -€9,432
down €9,432 (-18.3%), from -€51,667 to -€61,099
- Other debts +€7,510
up €7,510 (+11.9%), from €63,144 to €70,653
- Trade debts -€3,045
down €3,045 (-33.0%), from €9,234 to €6,189
- Current portion of long-term debt -€725
no longer reported in 2025 (was €725)
- Gross operating margin +€4,814
up €4,814 (+57.2%), from -€8,410 to -€3,596
- Depreciation +€1,518
up €1,518 (+52.0%), from €2,918 to €4,436
- Other operating charges -€1,156
down €1,156 (-56.2%), from €2,056 to €901
- Financial charges -€1,019
down €1,019 (-67.1%), from €1,520 to €500
- Taxes -€201
no longer reported in 2025 (was €201)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,685 | €34,993 | -€5,692 | -14.0% |
| Fixed assets | 21/28 | €14,523 | €10,087 | -€4,436 | -30.5% |
| Tangible fixed assets | 22/27 | €14,523 | €10,087 | -€4,436 | -30.5% |
| Plant, machinery and equipment | 23 | €482 | - | -€482 | |
| Furniture and vehicles | 24 | €14,041 | €10,087 | -€3,954 | -28.2% |
| Current assets | 29/58 | €26,162 | €24,906 | -€1,256 | -4.8% |
| Amounts receivable within one year | 40/41 | €10,482 | €5,222 | -€5,260 | -50.2% |
| Trade receivables | 40 | €10,394 | €4,213 | -€6,181 | -59.5% |
| Other amounts receivable | 41 | €89 | €1,010 | +€921 | +1,039% |
| Cash at bank and in hand | 54/58 | €15,680 | €19,684 | +€4,004 | +25.5% |
| Total equity and liabilities | 10/49 | €40,685 | €34,993 | -€5,692 | -14.0% |
| Equity | 10/15 | -€32,818 | -€42,250 | -€9,432 | -28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €248 | €248 | = | 0.0% |
| Non-distributable reserves | 130/1 | €248 | €248 | = | 0.0% |
| Reserves not available under the articles | 1311 | €248 | €248 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,667 | -€61,099 | -€9,432 | -18.3% |
| Amounts payable | 17/49 | €73,503 | €77,243 | +€3,740 | +5.1% |
| Amounts payable within one year | 42/48 | €73,503 | €77,243 | +€3,740 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €725 | - | -€725 | |
| Trade debts | 44 | €9,234 | €6,189 | -€3,045 | -33.0% |
| Suppliers | 440/4 | €9,234 | €6,189 | -€3,045 | -33.0% |
| Taxes, remuneration and social security | 45 | €401 | €401 | = | 0.0% |
| Taxes | 450/3 | €401 | €401 | = | 0.0% |
| Other amounts payable | 47/48 | €63,144 | €70,653 | +€7,510 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,918 | €4,436 | +€1,518 | +52.0% |
| Other operating charges | 640/8 | €2,056 | €901 | -€1,156 | -56.2% |
| Gross operating margin | 9900 | -€8,410 | -€3,596 | +€4,814 | +57.2% |
| Operating profit (loss) | 9901 | -€13,384 | -€8,932 | +€4,452 | +33.3% |
| Financial charges | 65/66B | €1,520 | €500 | -€1,019 | -67.1% |
| Recurring financial charges | 65 | €1,520 | €500 | -€1,019 | -67.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,904 | -€9,432 | +€5,472 | +36.7% |
| Income taxes | 67/77 | €201 | - | -€201 | |
| Profit (loss) for the period | 9904 | -€15,105 | -€9,432 | +€5,672 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,105 | -€9,432 | +€5,672 | +37.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.