NECOSS: 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.
NECOSS
Largest movements
- Current investments -€355,610
down €355,610 (-55.6%), from €639,634 to €284,024
- Cash +€278,532
up €278,532 (+205.8%), from €135,331 to €413,863
mainly Current investments (+€355,610) and Net result for the year (+€85,723)
- Reserves -€45,000
down €45,000 (-5.0%), from €896,547 to €851,547
of which Distributable reserves: -€45,000
- Debts after one year -€31,386
down €31,386 (-16.9%), from €185,701 to €154,315
- Financial income -€71,165
down €71,165 (-86.0%), from €82,794 to €11,630
of which Non-recurring financial income: -€62,063
- Gross operating margin +€45,471
up €45,471 (+45.7%), from €99,428 to €144,899
- Depreciation +€6,384
up €6,384 (+39.2%), from €16,278 to €22,662
- Taxes +€3,887
up €3,887 (+10.1%), from €38,540 to €42,427
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 | €2,085,811 | €2,013,461 | -€72,349 | -3.5% |
| Fixed assets | 21/28 | €464,734 | €474,264 | +€9,529 | +2.1% |
| Tangible fixed assets | 22/27 | €452,957 | €462,494 | +€9,537 | +2.1% |
| Land and buildings | 22 | €403,076 | €390,560 | -€12,516 | -3.1% |
| Furniture and vehicles | 24 | €48,628 | €57,027 | +€8,398 | +17.3% |
| Other tangible fixed assets | 26 | €1,253 | €14,908 | +€13,655 | +1089.7% |
| Financial fixed assets | 28 | €11,777 | €11,769 | -€8 | -0.1% |
| Current assets | 29/58 | €1,621,077 | €1,539,198 | -€81,879 | -5.1% |
| Amounts receivable within one year | 40/41 | €833,330 | €836,355 | +€3,025 | +0.4% |
| Trade receivables | 40 | €33,275 | €36,300 | +€3,025 | +9.1% |
| Other amounts receivable | 41 | €800,055 | €800,055 | = | 0.0% |
| Current investments | 50/53 | €639,634 | €284,024 | -€355,610 | -55.6% |
| Cash at bank and in hand | 54/58 | €135,331 | €413,863 | +€278,532 | +205.8% |
| Deferred charges and accrued income | 490/1 | €12,782 | €4,956 | -€7,826 | -61.2% |
| Total equity and liabilities | 10/49 | €2,085,811 | €2,013,461 | -€72,349 | -3.5% |
| Equity | 10/15 | €1,832,636 | €1,788,360 | -€44,277 | -2.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €896,547 | €851,547 | -€45,000 | -5.0% |
| Tax-exempt reserves | 132 | €19,687 | €19,687 | = | 0.0% |
| Distributable reserves | 133 | €876,860 | €831,860 | -€45,000 | -5.1% |
| Profit (loss) carried forward | 14 | €923,690 | €924,413 | +€723 | +0.1% |
| Amounts payable | 17/49 | €253,175 | €225,102 | -€28,073 | -11.1% |
| Amounts payable after more than one year | 17 | €185,701 | €154,315 | -€31,386 | -16.9% |
| Financial debts | 170/4 | €185,701 | €154,315 | -€31,386 | -16.9% |
| Amounts payable within one year | 42/48 | €67,473 | €70,787 | +€3,313 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €31,386 | €31,386 | = | 0.0% |
| Trade debts | 44 | €10,361 | €16,822 | +€6,461 | +62.4% |
| Suppliers | 440/4 | €10,361 | €16,822 | +€6,461 | +62.4% |
| Taxes, remuneration and social security | 45 | €25,223 | €21,921 | -€3,301 | -13.1% |
| Taxes | 450/3 | €25,223 | €21,921 | -€3,301 | -13.1% |
| Other amounts payable | 47/48 | €504 | €658 | +€154 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,278 | €22,662 | +€6,384 | +39.2% |
| Other operating charges | 640/8 | €2,316 | €3,083 | +€766 | +33.1% |
| Gross operating margin | 9900 | €99,428 | €144,899 | +€45,471 | +45.7% |
| Operating profit (loss) | 9901 | €80,834 | €119,154 | +€38,320 | +47.4% |
| Financial income | 75/76B | €82,794 | €11,630 | -€71,165 | -86.0% |
| Recurring financial income | 75 | €19,818 | €10,717 | -€9,101 | -45.9% |
| Non-recurring financial income | 76B | €62,976 | €913 | -€62,063 | -98.6% |
| Financial charges | 65/66B | €2,999 | €2,634 | -€365 | -12.2% |
| Recurring financial charges | 65 | €2,999 | €2,634 | -€365 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €160,629 | €128,150 | -€32,479 | -20.2% |
| Income taxes | 67/77 | €38,540 | €42,427 | +€3,887 | +10.1% |
| Profit (loss) for the period | 9904 | €122,090 | €85,723 | -€36,366 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €122,090 | €85,723 | -€36,366 | -29.8% |
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 6 October 2026 via checked.be.