NECCO: 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.
NECCO
Largest movements
- Cash +€33,192
up €33,192 (+46.1%), from €72,068 to €105,260
mainly Net result for the year (+€51,888) and Receivables within one year (+€18,377)
- Receivables within one year -€18,377
down €18,377 (-66.6%), from €27,605 to €9,228
of which Trade receivables: -€18,611
- Financial fixed assets +€10,000
new in 2025: €10,000
- Reserves +€21,888
up €21,888 (+59.1%), from €37,039 to €58,927
- Tax, wage and social debts +€12,114
up €12,114 (+134.1%), from €9,036 to €21,149
- Other debts -€5,744
down €5,744 (-22.0%), from €26,123 to €20,379
- Debts after one year -€5,255
down €5,255 (-8.6%), from €60,797 to €55,542
- Gross operating margin +€32,199
up €32,199 (+91.7%), from €35,131 to €67,329
- Taxes +€6,883
up €6,883 (+433.8%), from €1,587 to €8,470
- Other operating charges +€1,514
up €1,514 (+75.1%), from €2,015 to €3,528
- Financial charges -€1,044
down €1,044 (-33.1%), from €3,149 to €2,105
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 | €138,763 | €162,758 | +€23,996 | +17.3% |
| Fixed assets | 21/28 | €39,090 | €47,752 | +€8,662 | +22.2% |
| Tangible fixed assets | 22/27 | €39,090 | €37,752 | -€1,338 | -3.4% |
| Land and buildings | 22 | €34,890 | €34,890 | = | 0.0% |
| Furniture and vehicles | 24 | €422 | €169 | -€253 | -59.9% |
| Other tangible fixed assets | 26 | €3,778 | €2,693 | -€1,085 | -28.7% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €99,673 | €115,006 | +€15,333 | +15.4% |
| Amounts receivable within one year | 40/41 | €27,605 | €9,228 | -€18,377 | -66.6% |
| Trade receivables | 40 | €27,519 | €8,908 | -€18,611 | -67.6% |
| Other amounts receivable | 41 | €86 | €320 | +€234 | +271.9% |
| Cash at bank and in hand | 54/58 | €72,068 | €105,260 | +€33,192 | +46.1% |
| Deferred charges and accrued income | 490/1 | - | €518 | +€518 | |
| Total equity and liabilities | 10/49 | €138,763 | €162,758 | +€23,996 | +17.3% |
| Equity | 10/15 | €30,283 | €52,171 | +€21,888 | +72.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,039 | €58,927 | +€21,888 | +59.1% |
| Distributable reserves | 133 | €37,039 | €58,927 | +€21,888 | +59.1% |
| Profit (loss) carried forward | 14 | -€12,956 | -€12,956 | = | 0.0% |
| Amounts payable | 17/49 | €108,480 | €110,587 | +€2,107 | +1.9% |
| Amounts payable after more than one year | 17 | €60,797 | €55,542 | -€5,255 | -8.6% |
| Financial debts | 170/4 | €60,797 | €55,542 | -€5,255 | -8.6% |
| Amounts payable within one year | 42/48 | €46,583 | €54,295 | +€7,712 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €5,168 | €5,255 | +€87 | +1.7% |
| Trade debts | 44 | €6,257 | €7,512 | +€1,255 | +20.1% |
| Suppliers | 440/4 | €6,257 | €7,512 | +€1,255 | +20.1% |
| Taxes, remuneration and social security | 45 | €9,036 | €21,149 | +€12,114 | +134.1% |
| Taxes | 450/3 | €9,036 | €21,149 | +€12,114 | +134.1% |
| Other amounts payable | 47/48 | €26,123 | €20,379 | -€5,744 | -22.0% |
| Accrued charges and deferred income | 492/3 | €1,100 | €750 | -€350 | -31.8% |
| Non-recurring operating income | 76A | - | €2,662 | +€2,662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,338 | €1,338 | = | 0.0% |
| Other operating charges | 640/8 | €2,015 | €3,528 | +€1,514 | +75.1% |
| Gross operating margin | 9900 | €35,131 | €67,329 | +€32,199 | +91.7% |
| Operating profit (loss) | 9901 | €31,779 | €62,464 | +€30,685 | +96.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €3,149 | €2,105 | -€1,044 | -33.1% |
| Recurring financial charges | 65 | €3,149 | €2,105 | -€1,044 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €28,629 | €60,358 | +€31,729 | +110.8% |
| Income taxes | 67/77 | €1,587 | €8,470 | +€6,883 | +433.8% |
| Profit (loss) for the period | 9904 | €27,043 | €51,888 | +€24,845 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,043 | €51,888 | +€24,845 | +91.9% |
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 2 October 2026 via checked.be.