NECA: 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.
NECA
Largest movements
- Cash -€44,215
down €44,215 (-29.9%), from €148,058 to €103,843
mainly Net result for the year (-€27,701) and Provisions (-€20,950)
- Profit (loss) carried forward -€27,701
down €27,701, from €7,288 to -€20,413
- Provisions -€20,950
down €20,950 (-41.1%), from €51,002 to €30,052
- Provisions +€2,500
up €2,500 (+10.7%), from -€23,450 to -€20,950
- Taxes -€1,126
no longer reported in 2025 (was €1,126)
- Other operating charges +€629
up €629 (+38.8%), from €1,621 to €2,250
- Gross operating margin +€133
up €133 (+1.2%), from -€10,670 to -€10,537
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 | €511,978 | €465,272 | -€46,706 | -9.1% |
| Current assets | 29/58 | €511,978 | €465,272 | -€46,706 | -9.1% |
| Stocks and contracts in progress | 3 | €301,352 | €301,352 | = | 0.0% |
| Stocks | 30/36 | €301,352 | €301,352 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €62,568 | €60,076 | -€2,492 | -4.0% |
| Trade receivables | 40 | €43,049 | €37,089 | -€5,961 | -13.8% |
| Other amounts receivable | 41 | €19,519 | €22,988 | +€3,469 | +17.8% |
| Cash at bank and in hand | 54/58 | €148,058 | €103,843 | -€44,215 | -29.9% |
| Total equity and liabilities | 10/49 | €511,978 | €465,272 | -€46,706 | -9.1% |
| Equity | 10/15 | €446,488 | €418,787 | -€27,701 | -6.2% |
| Contributions | 10/11 | €369,000 | €369,000 | = | 0.0% |
| Reserves | 13 | €70,200 | €70,200 | = | 0.0% |
| Distributable reserves | 133 | €70,200 | €70,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,288 | -€20,413 | -€27,701 | |
| Provisions and deferred taxes | 16 | €51,002 | €30,052 | -€20,950 | -41.1% |
| Provisions for liabilities and charges | 160/5 | €51,002 | €30,052 | -€20,950 | -41.1% |
| Other liabilities and charges | 164/5 | €51,002 | €30,052 | -€20,950 | -41.1% |
| Amounts payable | 17/49 | €14,488 | €16,433 | +€1,945 | +13.4% |
| Amounts payable within one year | 42/48 | €10,488 | €12,433 | +€1,945 | +18.5% |
| Trade debts | 44 | €10,488 | €12,433 | +€1,945 | +18.5% |
| Suppliers | 440/4 | €10,488 | €12,433 | +€1,945 | +18.5% |
| Accrued charges and deferred income | 492/3 | €4,000 | €4,000 | = | 0.0% |
| Non-recurring operating income | 76A | €388 | - | -€388 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€23,450 | -€20,950 | +€2,500 | +10.7% |
| Other operating charges | 640/8 | €1,621 | €2,250 | +€629 | +38.8% |
| Non-recurring operating charges | 66A | €6,461 | €35,559 | +€29,098 | +450.4% |
| Gross operating margin | 9900 | -€10,670 | -€10,537 | +€133 | +1.2% |
| Operating profit (loss) | 9901 | €4,698 | -€27,397 | -€32,094 | |
| Financial charges | 65/66B | €294 | €304 | +€11 | +3.6% |
| Recurring financial charges | 65 | €294 | €304 | +€11 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €4,404 | -€27,701 | -€32,105 | |
| Income taxes | 67/77 | €1,126 | - | -€1,126 | |
| Profit (loss) for the period | 9904 | €3,278 | -€27,701 | -€30,979 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,278 | -€27,701 | -€30,979 |
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 6 October 2026 via checked.be.