NEEFS ENTERPRISE: 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.
NEEFS ENTERPRISE
Largest movements
- Current investments +€180,900
up €180,900 (+101%), from €180,000 to €360,900
- Tangible fixed assets -€153,394
down €153,394 (-31.4%), from €488,063 to €334,669
of which Land and buildings: -€209,622
- Receivables within one year +€17,479
up €17,479 (+344%), from €5,078 to €22,557
of which Other amounts receivable: +€17,426
- Other debts +€145,110
up €145,110 (+405%), from €35,804 to €180,914
- Profit (loss) carried forward -€125,550
down €125,550 (-61.9%), from €202,792 to €77,242
- Debts after one year +€21,337
up €21,337 (+5.7%), from €377,504 to €398,841
- Current portion of long-term debt +€7,531
up €7,531 (+28.8%), from €26,133 to €33,663
- Gross operating margin -€41,058
down €41,058 (-35.3%), from €116,323 to €75,265
- Taxes -€7,044
down €7,044 (-51.8%), from €13,590 to €6,546
- Financial income +€4,669
up €4,669 (+413%), from €1,130 to €5,799
- Depreciation -€3,292
down €3,292 (-7.9%), from €41,467 to €38,175
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 | €699,103 | €740,543 | +€41,441 | +5.9% |
| Fixed assets | 21/28 | €502,144 | €346,249 | -€155,894 | -31.0% |
| Intangible fixed assets | 21 | €14,081 | €11,581 | -€2,500 | -17.8% |
| Tangible fixed assets | 22/27 | €488,063 | €334,669 | -€153,394 | -31.4% |
| Land and buildings | 22 | €486,292 | €276,670 | -€209,622 | -43.1% |
| Plant, machinery and equipment | 23 | €1,770 | €1,168 | -€602 | -34.0% |
| Furniture and vehicles | 24 | - | €56,830 | +€56,830 | |
| Current assets | 29/58 | €196,959 | €394,294 | +€197,335 | +100% |
| Amounts receivable within one year | 40/41 | €5,078 | €22,557 | +€17,479 | +344% |
| Trade receivables | 40 | €4,926 | €4,980 | +€53 | +1.1% |
| Other amounts receivable | 41 | €152 | €17,578 | +€17,426 | +11,492% |
| Current investments | 50/53 | €180,000 | €360,900 | +€180,900 | +101% |
| Cash at bank and in hand | 54/58 | €9,943 | €10,837 | +€894 | +9.0% |
| Deferred charges and accrued income | 490/1 | €1,939 | €0 | -€1,939 | -100% |
| Total equity and liabilities | 10/49 | €699,103 | €740,543 | +€41,441 | +5.9% |
| Equity | 10/15 | €227,792 | €102,242 | -€125,550 | -55.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,792 | €77,242 | -€125,550 | -61.9% |
| Amounts payable | 17/49 | €471,311 | €638,301 | +€166,991 | +35.4% |
| Amounts payable after more than one year | 17 | €377,504 | €398,841 | +€21,337 | +5.7% |
| Financial debts | 170/4 | €377,504 | €398,841 | +€21,337 | +5.7% |
| Amounts payable within one year | 42/48 | €93,356 | €239,460 | +€146,104 | +157% |
| Current portion of amounts payable after more than one year | 42 | €26,133 | €33,663 | +€7,531 | +28.8% |
| Trade debts | 44 | €13,649 | €8,465 | -€5,185 | -38.0% |
| Suppliers | 440/4 | €13,649 | €8,465 | -€5,185 | -38.0% |
| Taxes, remuneration and social security | 45 | €17,771 | €16,418 | -€1,352 | -7.6% |
| Taxes | 450/3 | €14,942 | €13,590 | -€1,352 | -9.0% |
| Remuneration and social security | 454/9 | €2,829 | €2,829 | = | 0.0% |
| Other amounts payable | 47/48 | €35,804 | €180,914 | +€145,110 | +405% |
| Accrued charges and deferred income | 492/3 | €450 | €0 | -€450 | -100% |
| Remuneration, social security and pensions | 62 | €185 | €0 | -€185 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,467 | €38,175 | -€3,292 | -7.9% |
| Other operating charges | 640/8 | €1,133 | €1,169 | +€36 | +3.1% |
| Non-recurring operating charges | 66A | - | €2,385 | +€2,385 | |
| Gross operating margin | 9900 | €116,323 | €75,265 | -€41,058 | -35.3% |
| Operating profit (loss) | 9901 | €73,537 | €33,536 | -€40,001 | -54.4% |
| Financial income | 75/76B | €1,130 | €5,799 | +€4,669 | +413% |
| Recurring financial income | 75 | €1,130 | €5,799 | +€4,669 | +413% |
| Financial charges | 65/66B | €7,955 | €8,339 | +€384 | +4.8% |
| Recurring financial charges | 65 | €7,955 | €8,339 | +€384 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €66,711 | €30,996 | -€35,715 | -53.5% |
| Income taxes | 67/77 | €13,590 | €6,546 | -€7,044 | -51.8% |
| Profit (loss) for the period | 9904 | €53,122 | €24,450 | -€28,671 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,122 | €24,450 | -€28,671 | -54.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.