NECOTEX: what changed
Two financial 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.
NECOTEX
Largest movements
- Stocks and contracts -€36,689
down €36,689 (-6.9%), from €529,161 to €492,472
- Cash +€27,457
up €27,457 (+102%), from €26,846 to €54,303
mainly Net result for the year (+€119,206) and Stocks and contracts (+€36,689)
- Tangible fixed assets +€21,522
up €21,522 (+59.4%), from €36,248 to €57,770
of which Other tangible fixed assets: +€27,889
- Receivables within one year -€11,485
down €11,485 (-10.2%), from €113,048 to €101,563
of which Trade receivables: -€29,997
- Profit (loss) carried forward +€119,206
up €119,206 (+52.0%), from -€229,181 to -€109,975
- Short-term financial debts -€75,000
no longer reported in 2025 (was €75,000)
- Trade debts -€34,062
down €34,062 (-65.4%), from €52,105 to €18,043
- Debts after one year -€9,633
down €9,633 (-7.3%), from €132,001 to €122,369
- Gross operating margin +€103,711
up €103,711 (+196%), from €52,930 to €156,640
- Financial income -€4,194
down €4,194 (-54.9%), from €7,635 to €3,440
- Financial charges +€1,816
up €1,816 (+6.8%), from €26,537 to €28,353
- Staff costs -€1,577
no longer reported in 2025 (was €1,577)
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.
Derived cash bridge
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 | €712,600 | €715,466 | +€2,866 | +0.4% |
| Fixed assets | 21/28 | €40,447 | €61,968 | +€21,522 | +53.2% |
| Tangible fixed assets | 22/27 | €36,248 | €57,770 | +€21,522 | +59.4% |
| Plant, machinery and equipment | 23 | €5,178 | €4,148 | -€1,030 | -19.9% |
| Furniture and vehicles | 24 | €5,892 | €554 | -€5,338 | -90.6% |
| Other tangible fixed assets | 26 | €25,179 | €53,068 | +€27,889 | +111% |
| Financial fixed assets | 28 | €4,198 | €4,198 | = | 0.0% |
| Current assets | 29/58 | €672,153 | €653,498 | -€18,655 | -2.8% |
| Stocks and contracts in progress | 3 | €529,161 | €492,472 | -€36,689 | -6.9% |
| Stocks | 30/36 | €529,161 | €492,472 | -€36,689 | -6.9% |
| Amounts receivable within one year | 40/41 | €113,048 | €101,563 | -€11,485 | -10.2% |
| Trade receivables | 40 | €106,076 | €76,079 | -€29,997 | -28.3% |
| Other amounts receivable | 41 | €6,972 | €25,485 | +€18,512 | +266% |
| Cash at bank and in hand | 54/58 | €26,846 | €54,303 | +€27,457 | +102% |
| Deferred charges and accrued income | 490/1 | €3,098 | €5,159 | +€2,061 | +66.5% |
| Total equity and liabilities | 10/49 | €712,600 | €715,466 | +€2,866 | +0.4% |
| Equity | 10/15 | €419,133 | €538,339 | +€119,206 | +28.4% |
| Contributions | 10/11 | €648,314 | €648,314 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€229,181 | -€109,975 | +€119,206 | +52.0% |
| Amounts payable | 17/49 | €293,467 | €177,127 | -€116,340 | -39.6% |
| Amounts payable after more than one year | 17 | €132,001 | €122,369 | -€9,633 | -7.3% |
| Other amounts payable | 178/9 | €132,001 | €122,369 | -€9,633 | -7.3% |
| Amounts payable within one year | 42/48 | €161,465 | €53,258 | -€108,207 | -67.0% |
| Financial debts | 43 | €75,000 | - | -€75,000 | |
| Credit institutions | 430/8 | €75,000 | - | -€75,000 | |
| Trade debts | 44 | €52,105 | €18,043 | -€34,062 | -65.4% |
| Suppliers | 440/4 | €52,105 | €18,043 | -€34,062 | -65.4% |
| Taxes, remuneration and social security | 45 | €24,816 | €21,181 | -€3,634 | -14.6% |
| Taxes | 450/3 | €23,891 | €21,181 | -€2,709 | -11.3% |
| Remuneration and social security | 454/9 | €925 | - | -€925 | |
| Other amounts payable | 47/48 | €9,544 | €14,034 | +€4,490 | +47.0% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Non-recurring operating income | 76A | - | €2,608 | +€2,608 | |
| Remuneration, social security and pensions | 62 | €1,577 | - | -€1,577 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,251 | €6,657 | +€1,406 | +26.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €604 | +€604 | |
| Other operating charges | 640/8 | €2,044 | €2,988 | +€943 | +46.1% |
| Non-recurring operating charges | 66A | - | €1,840 | +€1,840 | |
| Gross operating margin | 9900 | €52,930 | €156,640 | +€103,711 | +196% |
| Operating profit (loss) | 9901 | €44,057 | €144,552 | +€100,496 | +228% |
| Financial income | 75/76B | €7,635 | €3,440 | -€4,194 | -54.9% |
| Recurring financial income | 75 | €7,635 | €3,440 | -€4,194 | -54.9% |
| Financial charges | 65/66B | €26,537 | €28,353 | +€1,816 | +6.8% |
| Recurring financial charges | 65 | €26,537 | €28,353 | +€1,816 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €25,155 | €119,640 | +€94,485 | +376% |
| Income taxes | 67/77 | €316 | €434 | +€118 | +37.4% |
| Profit (loss) for the period | 9904 | €24,839 | €119,206 | +€94,367 | +380% |
| Profit (loss) for the period to be appropriated | 9905 | €24,839 | €119,206 | +€94,367 | +380% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.