NEBA: 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.
NEBA
Largest movements
- Receivables within one year +€49,991
up €49,991 (+249.8%), from €20,009 to €70,000
of which Trade receivables: +€50,000
- Reserves +€35,497
up €35,497 (+12.6%), from €281,043 to €316,541
of which Distributable reserves: +€33,545
- Gross operating margin +€45,744
up €45,744 (+739.0%), from €6,190 to €51,934
- Taxes +€13,153
up €13,153 (+7578.7%), from €174 to €13,326
- Financial charges -€1,285
down €1,285 (-34.6%), from €3,714 to €2,429
- Financial income +€679
up €679 (+140.6%), from €483 to €1,163
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 | €1,677,192 | €1,705,102 | +€27,910 | +1.7% |
| Fixed assets | 21/28 | €1,301,007 | €1,300,223 | -€783 | -0.1% |
| Tangible fixed assets | 22/27 | €1,007 | €223 | -€783 | -77.8% |
| Furniture and vehicles | 24 | €1,007 | €223 | -€783 | -77.8% |
| Financial fixed assets | 28 | €1,300,000 | €1,300,000 | = | 0.0% |
| Current assets | 29/58 | €376,185 | €404,878 | +€28,693 | +7.6% |
| Amounts receivable after more than one year | 29 | €77,840 | €61,160 | -€16,680 | -21.4% |
| Trade receivables | 290 | - | €61,160 | +€61,160 | |
| Other amounts receivable | 291 | €77,840 | - | -€77,840 | |
| Amounts receivable within one year | 40/41 | €20,009 | €70,000 | +€49,991 | +249.8% |
| Trade receivables | 40 | €20,000 | €70,000 | +€50,000 | +250.0% |
| Other amounts receivable | 41 | €9 | - | -€9 | |
| Current investments | 50/53 | €276,629 | €272,443 | -€4,186 | -1.5% |
| Cash at bank and in hand | 54/58 | €1,278 | €844 | -€434 | -34.0% |
| Deferred charges and accrued income | 490/1 | €429 | €431 | +€2 | +0.6% |
| Total equity and liabilities | 10/49 | €1,677,192 | €1,705,102 | +€27,910 | +1.7% |
| Equity | 10/15 | €833,043 | €868,541 | +€35,497 | +4.3% |
| Contributions | 10/11 | €552,000 | €552,000 | = | 0.0% |
| Capital | 10 | €552,000 | €552,000 | = | 0.0% |
| Issued capital | 100 | €552,000 | €552,000 | = | 0.0% |
| Reserves | 13 | €281,043 | €316,541 | +€35,497 | +12.6% |
| Non-distributable reserves | 130/1 | €192,416 | €194,368 | +€1,952 | +1.0% |
| Legal reserve | 130 | €12,988 | €14,941 | +€1,952 | +15.0% |
| Own shares acquired | 1312 | €179,427 | €179,427 | = | 0.0% |
| Distributable reserves | 133 | €88,628 | €122,173 | +€33,545 | +37.8% |
| Amounts payable | 17/49 | €844,149 | €836,561 | -€7,587 | -0.9% |
| Amounts payable within one year | 42/48 | €841,409 | €834,213 | -€7,195 | -0.9% |
| Trade debts | 44 | €2,552 | €1,812 | -€740 | -29.0% |
| Suppliers | 440/4 | €2,552 | €1,812 | -€740 | -29.0% |
| Taxes, remuneration and social security | 45 | €2,247 | €5,249 | +€3,002 | +133.6% |
| Taxes | 450/3 | €2,247 | €5,249 | +€3,002 | +133.6% |
| Other amounts payable | 47/48 | €836,610 | €827,153 | -€9,457 | -1.1% |
| Accrued charges and deferred income | 492/3 | €2,740 | €2,348 | -€392 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,038 | €783 | -€255 | -24.6% |
| Other operating charges | 640/8 | €1,180 | €1,060 | -€119 | -10.1% |
| Gross operating margin | 9900 | €6,190 | €51,934 | +€45,744 | +739.0% |
| Operating profit (loss) | 9901 | €3,972 | €50,090 | +€46,118 | +1161.0% |
| Financial income | 75/76B | €483 | €1,163 | +€679 | +140.6% |
| Recurring financial income | 75 | €483 | €1,163 | +€679 | +140.6% |
| Financial charges | 65/66B | €3,714 | €2,429 | -€1,285 | -34.6% |
| Recurring financial charges | 65 | €3,714 | €2,429 | -€1,285 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €741 | €48,824 | +€48,082 | +6486.0% |
| Income taxes | 67/77 | €174 | €13,326 | +€13,153 | +7578.7% |
| Profit (loss) for the period | 9904 | €568 | €35,497 | +€34,930 | +6151.9% |
| Profit (loss) for the period to be appropriated | 9905 | €568 | €35,497 | +€34,930 | +6151.9% |
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 8 October 2026 via checked.be.