NECTO: 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.
NECTO
Largest movements
- Tangible fixed assets -€19,297
down €19,297 (-5.1%), from €381,170 to €361,873
of which Land and buildings: -€10,810
- Receivables within one year -€11,796
down €11,796 (-57.0%), from €20,698 to €8,903
of which Trade receivables: -€9,207
- Intangible fixed assets -€4,800
down €4,800 (-10.0%), from €47,987 to €43,187
- Debts after one year -€38,150
down €38,150 (-12.9%), from €295,762 to €257,613
- Other debts +€6,055
up €6,055 (+6.5%), from €93,474 to €99,529
- Write-downs -€69,840
no longer reported in 2025 (was €69,840)
- Gross operating margin +€58,426
up €58,426, from -€19,154 to €39,272
- Financial charges -€2,982
down €2,982 (-20.2%), from €14,770 to €11,788
- Depreciation +€2,866
up €2,866 (+13.5%), from €21,231 to €24,097
- Taxes -€469
no longer reported in 2025 (was €469)
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 | €453,568 | €420,946 | -€32,622 | -7.2% |
| Fixed assets | 21/28 | €429,157 | €405,060 | -€24,097 | -5.6% |
| Intangible fixed assets | 21 | €47,987 | €43,187 | -€4,800 | -10.0% |
| Tangible fixed assets | 22/27 | €381,170 | €361,873 | -€19,297 | -5.1% |
| Land and buildings | 22 | €339,898 | €329,088 | -€10,810 | -3.2% |
| Plant, machinery and equipment | 23 | €36,435 | €28,035 | -€8,400 | -23.1% |
| Furniture and vehicles | 24 | €87 | - | -€87 | |
| Assets under construction and advance payments | 27 | €4,751 | €4,751 | = | 0.0% |
| Current assets | 29/58 | €24,411 | €15,886 | -€8,525 | -34.9% |
| Amounts receivable within one year | 40/41 | €20,698 | €8,903 | -€11,796 | -57.0% |
| Trade receivables | 40 | €17,519 | €8,311 | -€9,207 | -52.6% |
| Other amounts receivable | 41 | €3,180 | €591 | -€2,588 | -81.4% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,243 | €3,928 | +€686 | +21.1% |
| Deferred charges and accrued income | 490/1 | €470 | €3,055 | +€2,585 | +550.0% |
| Total equity and liabilities | 10/49 | €453,568 | €420,946 | -€32,622 | -7.2% |
| Equity | 10/15 | €14,043 | €14,363 | +€320 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,017 | -€133,697 | +€320 | +0.2% |
| Amounts payable | 17/49 | €439,525 | €406,583 | -€32,942 | -7.5% |
| Amounts payable after more than one year | 17 | €295,762 | €257,613 | -€38,150 | -12.9% |
| Financial debts | 170/4 | €295,762 | €257,613 | -€38,150 | -12.9% |
| Amounts payable within one year | 42/48 | €141,583 | €146,479 | +€4,896 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €36,663 | €38,150 | +€1,486 | +4.1% |
| Trade debts | 44 | €10,310 | €7,665 | -€2,645 | -25.7% |
| Suppliers | 440/4 | €10,310 | €7,665 | -€2,645 | -25.7% |
| Taxes, remuneration and social security | 45 | €1,136 | €1,136 | = | 0.0% |
| Taxes | 450/3 | €1,136 | €1,136 | = | 0.0% |
| Other amounts payable | 47/48 | €93,474 | €99,529 | +€6,055 | +6.5% |
| Accrued charges and deferred income | 492/3 | €2,180 | €2,491 | +€311 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,231 | €24,097 | +€2,866 | +13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €69,840 | - | -€69,840 | |
| Other operating charges | 640/8 | €3,095 | €3,068 | -€27 | -0.9% |
| Gross operating margin | 9900 | -€19,154 | €39,272 | +€58,426 | |
| Operating profit (loss) | 9901 | -€113,320 | €12,108 | +€125,427 | |
| Financial income | 75/76B | €146 | - | -€146 | |
| Recurring financial income | 75 | €146 | - | -€146 | |
| Financial charges | 65/66B | €14,770 | €11,788 | -€2,982 | -20.2% |
| Recurring financial charges | 65 | €14,770 | €11,788 | -€2,982 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€127,943 | €320 | +€128,263 | |
| Income taxes | 67/77 | €469 | - | -€469 | |
| Profit (loss) for the period | 9904 | -€128,412 | €320 | +€128,732 | |
| Profit (loss) for the period to be appropriated | 9905 | -€128,412 | €320 | +€128,732 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.