NEAM: what changed
Two fiscal 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.
NEAM
Largest movements
- Receivables within one year -€11,061
down €11,061 (-75.3%), from €14,688 to €3,627
of which Trade receivables: -€5,951
- Cash -€6,000
down €6,000 (-28.2%), from €21,309 to €15,310
mainly Trade debts (-€12,054) and Net result for the year (-€11,339)
- Stocks and contracts +€5,106
up €5,106 (+57.8%), from €8,838 to €13,944
- Deferred charges and accrued income -€997
down €997 (-42.3%), from €2,357 to €1,360
- Trade debts -€12,054
down €12,054 (-41.8%), from €28,842 to €16,788
- Tax, wage and social debts +€12,001
up €12,001 (+88.1%), from €13,626 to €25,627
of which Remuneration and social security: +€6,007
- Profit (loss) carried forward -€11,339
down €11,339 (-40.7%), from -€27,844 to -€39,183
- Other debts -€2,933
down €2,933 (-43.7%), from €6,717 to €3,784
- Accrued charges and deferred income +€1,011
up €1,011 (+46.0%), from €2,196 to €3,207
- Staff costs +€35,156
up €35,156 (+30.3%), from €115,988 to €151,144
- Gross operating margin -€8,548
down €8,548 (-5.6%), from €152,624 to €144,076
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 | €50,325 | €37,011 | -€13,314 | -26.5% |
| Fixed assets | 21/28 | €3,133 | €2,770 | -€363 | -11.6% |
| Tangible fixed assets | 22/27 | €2,609 | €2,246 | -€363 | -13.9% |
| Furniture and vehicles | 24 | €2,609 | €2,246 | -€363 | -13.9% |
| Financial fixed assets | 28 | €524 | €524 | = | 0.0% |
| Current assets | 29/58 | €47,192 | €34,241 | -€12,951 | -27.4% |
| Stocks and contracts in progress | 3 | €8,838 | €13,944 | +€5,106 | +57.8% |
| Stocks | 30/36 | €8,838 | €13,944 | +€5,106 | +57.8% |
| Amounts receivable within one year | 40/41 | €14,688 | €3,627 | -€11,061 | -75.3% |
| Trade receivables | 40 | €7,831 | €1,880 | -€5,951 | -76.0% |
| Other amounts receivable | 41 | €6,857 | €1,747 | -€5,110 | -74.5% |
| Cash at bank and in hand | 54/58 | €21,309 | €15,310 | -€6,000 | -28.2% |
| Deferred charges and accrued income | 490/1 | €2,357 | €1,360 | -€997 | -42.3% |
| Total equity and liabilities | 10/49 | €50,325 | €37,011 | -€13,314 | -26.5% |
| Equity | 10/15 | -€3,054 | -€14,393 | -€11,339 | -371.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,844 | -€39,183 | -€11,339 | -40.7% |
| Amounts payable | 17/49 | €53,379 | €51,405 | -€1,975 | -3.7% |
| Amounts payable within one year | 42/48 | €51,183 | €48,197 | -€2,985 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €1,998 | €1,998 | = | 0.0% |
| Trade debts | 44 | €28,842 | €16,788 | -€12,054 | -41.8% |
| Suppliers | 440/4 | €28,842 | €16,788 | -€12,054 | -41.8% |
| Taxes, remuneration and social security | 45 | €13,626 | €25,627 | +€12,001 | +88.1% |
| Taxes | 450/3 | €1,372 | €7,366 | +€5,995 | +437.1% |
| Remuneration and social security | 454/9 | €12,254 | €18,261 | +€6,007 | +49.0% |
| Other amounts payable | 47/48 | €6,717 | €3,784 | -€2,933 | -43.7% |
| Accrued charges and deferred income | 492/3 | €2,196 | €3,207 | +€1,011 | +46.0% |
| Remuneration, social security and pensions | 62 | €115,988 | €151,144 | +€35,156 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363 | €363 | = | 0.0% |
| Other operating charges | 640/8 | €2,863 | €3,603 | +€740 | +25.9% |
| Gross operating margin | 9900 | €152,624 | €144,076 | -€8,548 | -5.6% |
| Operating profit (loss) | 9901 | €33,411 | -€11,034 | -€44,444 | |
| Financial income | 75/76B | €300 | €47 | -€253 | -84.4% |
| Recurring financial income | 75 | €300 | €47 | -€253 | -84.4% |
| Financial charges | 65/66B | €248 | €110 | -€139 | -55.9% |
| Recurring financial charges | 65 | €248 | €110 | -€139 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €33,462 | -€11,097 | -€44,559 | |
| Income taxes | 67/77 | €238 | €242 | +€5 | +2.1% |
| Profit (loss) for the period | 9904 | €33,224 | -€11,339 | -€44,564 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,224 | -€11,339 | -€44,564 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.