NECOS: 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.
NECOS
Largest movements
- Cash -€8,300
down €8,300 (-32.5%), from €25,503 to €17,203
mainly Trade debts (-€6,397) and Receivables within one year (-€2,650)
- Tangible fixed assets -€3,870
down €3,870 (-47.2%), from €8,191 to €4,321
- Receivables within one year +€2,650
up €2,650 (+50.0%), from €5,300 to €7,950
- Trade debts -€6,397
down €6,397 (-83.7%), from €7,647 to €1,250
- Profit (loss) carried forward -€1,776
down €1,776 (-6.2%), from €28,428 to €26,652
- Tax, wage and social debts -€1,347
down €1,347 (-70.2%), from €1,919 to €572
- Gross operating margin -€8,274
down €8,274 (-66.1%), from €12,517 to €4,243
- Taxes -€1,701
down €1,701 (-94.7%), from €1,796 to €95
- Depreciation -€952
down €952 (-19.7%), from €4,822 to €3,870
- Other operating charges +€545
up €545 (+59.4%), from €918 to €1,463
- Staff costs +€328
up €328 (+421.0%), from €78 to €406
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 | €38,994 | €29,474 | -€9,520 | -24.4% |
| Fixed assets | 21/28 | €8,191 | €4,321 | -€3,870 | -47.2% |
| Tangible fixed assets | 22/27 | €8,191 | €4,321 | -€3,870 | -47.2% |
| Furniture and vehicles | 24 | €8,191 | €4,321 | -€3,870 | -47.2% |
| Current assets | 29/58 | €30,803 | €25,153 | -€5,650 | -18.3% |
| Amounts receivable within one year | 40/41 | €5,300 | €7,950 | +€2,650 | +50.0% |
| Trade receivables | 40 | €5,300 | €7,950 | +€2,650 | +50.0% |
| Cash at bank and in hand | 54/58 | €25,503 | €17,203 | -€8,300 | -32.5% |
| Total equity and liabilities | 10/49 | €38,994 | €29,474 | -€9,520 | -24.4% |
| Equity | 10/15 | €29,428 | €27,652 | -€1,776 | -6.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,428 | €26,652 | -€1,776 | -6.2% |
| Amounts payable | 17/49 | €9,566 | €1,822 | -€7,744 | -81.0% |
| Amounts payable within one year | 42/48 | €9,566 | €1,822 | -€7,744 | -81.0% |
| Trade debts | 44 | €7,647 | €1,250 | -€6,397 | -83.7% |
| Suppliers | 440/4 | €7,647 | €1,250 | -€6,397 | -83.7% |
| Taxes, remuneration and social security | 45 | €1,919 | €572 | -€1,347 | -70.2% |
| Taxes | 450/3 | €1,919 | €572 | -€1,347 | -70.2% |
| Remuneration, social security and pensions | 62 | €78 | €406 | +€328 | +421.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,822 | €3,870 | -€952 | -19.7% |
| Other operating charges | 640/8 | €918 | €1,463 | +€545 | +59.4% |
| Gross operating margin | 9900 | €12,517 | €4,243 | -€8,274 | -66.1% |
| Operating profit (loss) | 9901 | €6,699 | -€1,497 | -€8,196 | |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €153 | €207 | +€54 | +35.1% |
| Recurring financial charges | 65 | €153 | €207 | +€54 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €6,546 | -€1,680 | -€8,226 | |
| Income taxes | 67/77 | €1,796 | €95 | -€1,701 | -94.7% |
| Profit (loss) for the period | 9904 | €4,750 | -€1,775 | -€6,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,750 | -€1,775 | -€6,525 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.