NEAS: 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.
NEAS
Largest movements
- Receivables within one year +€40,944
up €40,944 (+10.1%), from €403,761 to €444,705
of which Other amounts receivable: +€26,931
- Tangible fixed assets -€27,492
down €27,492 (-9.7%), from €283,152 to €255,660
of which Land and buildings: -€26,555
- Debts after one year -€29,131
down €29,131 (-15.3%), from €190,711 to €161,581
- Reserves +€21,143
up €21,143 (+4.7%), from €445,612 to €466,754
- Other debts +€18,422
new in 2025: €18,422
- Financial income -€4,531
down €4,531 (-32.4%), from €13,997 to €9,466
- Taxes -€923
down €923 (-11.3%), from €8,158 to €7,235
- Financial charges -€826
down €826 (-16.3%), from €5,070 to €4,244
- Gross operating margin -€767
down €767 (-1.5%), from €51,815 to €51,048
- Depreciation +€519
up €519 (+1.9%), from €26,974 to €27,492
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €686,913 | €700,364 | +€13,451 | +2.0% |
| Fixed assets | 21/28 | €283,152 | €255,660 | -€27,492 | -9.7% |
| Tangible fixed assets | 22/27 | €283,152 | €255,660 | -€27,492 | -9.7% |
| Land and buildings | 22 | €274,197 | €247,641 | -€26,555 | -9.7% |
| Plant, machinery and equipment | 23 | €8,956 | €8,018 | -€937 | -10.5% |
| Current assets | 29/58 | €403,761 | €444,705 | +€40,944 | +10.1% |
| Amounts receivable within one year | 40/41 | €403,761 | €444,705 | +€40,944 | +10.1% |
| Trade receivables | 40 | €3,283 | €17,296 | +€14,013 | +427% |
| Other amounts receivable | 41 | €400,478 | €427,409 | +€26,931 | +6.7% |
| Total equity and liabilities | 10/49 | €686,913 | €700,364 | +€13,451 | +2.0% |
| Equity | 10/15 | €464,212 | €485,354 | +€21,143 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €445,612 | €466,754 | +€21,143 | +4.7% |
| Distributable reserves | 133 | €445,612 | €466,754 | +€21,143 | +4.7% |
| Amounts payable | 17/49 | €222,701 | €215,010 | -€7,691 | -3.5% |
| Amounts payable after more than one year | 17 | €190,711 | €161,581 | -€29,131 | -15.3% |
| Financial debts | 170/4 | €190,711 | €161,581 | -€29,131 | -15.3% |
| Amounts payable within one year | 42/48 | €31,990 | €50,743 | +€18,753 | +58.6% |
| Current portion of amounts payable after more than one year | 42 | €28,626 | €29,131 | +€505 | +1.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,364 | €2,643 | -€722 | -21.4% |
| Suppliers | 440/4 | €3,364 | €2,643 | -€722 | -21.4% |
| Taxes, remuneration and social security | 45 | - | €548 | +€548 | |
| Taxes | 450/3 | - | €548 | +€548 | |
| Other amounts payable | 47/48 | - | €18,422 | +€18,422 | |
| Accrued charges and deferred income | 492/3 | €0 | €2,686 | +€2,686 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,974 | €27,492 | +€519 | +1.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €51,815 | €51,048 | -€767 | -1.5% |
| Operating profit (loss) | 9901 | €24,454 | €23,156 | -€1,298 | -5.3% |
| Financial income | 75/76B | €13,997 | €9,466 | -€4,531 | -32.4% |
| Recurring financial income | 75 | €13,997 | €9,466 | -€4,531 | -32.4% |
| Financial charges | 65/66B | €5,070 | €4,244 | -€826 | -16.3% |
| Recurring financial charges | 65 | €5,070 | €4,244 | -€826 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €33,381 | €28,378 | -€5,003 | -15.0% |
| Income taxes | 67/77 | €8,158 | €7,235 | -€923 | -11.3% |
| Profit (loss) for the period | 9904 | €25,223 | €21,143 | -€4,081 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,223 | €21,143 | -€4,081 | -16.2% |
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 20 October 2026 via checked.be.