NEELSTREET: what changed
What changed
NEELSTREET
filed annual accounts (NBB)
Net result for the year
€34,862
2024 · €14,833+€20,028
Equity
€2.6m
2024 · €2.6m+€34,862
Cash
€412,496
2024 · €359,802+€52,693
Balance sheet total
€2.6m
2024 · €2.6m+€29,297
Largest movements
Assets
- Current investments +€209,390
up €209,390 (+27.3%), from €766,282 to €975,673
- Receivables after one year -€170,057
down €170,057 (-60.1%), from €283,078 to €113,021
- Tangible fixed assets -€70,732
down €70,732 (-20.9%), from €338,412 to €267,680
of which Land and buildings: -€53,295
- Cash +€52,693
up €52,693 (+14.6%), from €359,802 to €412,496
mainly Receivables after one year (+€170,057) and Depreciation (+€70,732)
Equity and liabilities
- Reserves +€34,862
up €34,862 (+1.4%), from €2.5m to €2.5m
of which Distributable reserves: +€55,770
Income statement
- Depreciation -€11,259
down €11,259 (-13.7%), from €81,991 to €70,732
- Financial income +€9,764
up €9,764 (+16.3%), from €59,884 to €69,648
- Gross operating margin -€2,092
down €2,092 (-5.5%), from €38,135 to €36,043
- Taxes -€1,101
down €1,101, from €84 to -€1,018
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€14,833
Gross operating margin
-€2,092
Depreciation
+€11,259
Other operating charges
+€319
Financial income
+€9,764
Financial charges
-€87
Taxes
+€1,101
Deferred taxes and other
-€237
Result 2025
€34,862
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€262,084
Investment
-€209,390
Financing
€0
Cash 2024
€359,802
From operations (derived)
+€262,084
Net result for the year
+€34,862
Depreciation
+€70,732
Receivables after one year
+€170,057
Receivables within one year
-€7,929
Smaller working-capital items
+€287
Provisions
-€5,925
Investment (derived)
-€209,390
Current investments
-€209,390
Cash 2025
€412,496
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,612,414 | €2,641,711 | +€29,297 | +1.1% |
| Fixed assets | 21/28 | €338,412 | €267,680 | -€70,732 | -20.9% |
| Tangible fixed assets | 22/27 | €338,412 | €267,680 | -€70,732 | -20.9% |
| Land and buildings | 22 | €313,288 | €259,993 | -€53,295 | -17.0% |
| Plant, machinery and equipment | 23 | €6,673 | €4,624 | -€2,049 | -30.7% |
| Furniture and vehicles | 24 | €18,451 | €3,063 | -€15,387 | -83.4% |
| Current assets | 29/58 | €2,274,002 | €2,374,031 | +€100,029 | +4.4% |
| Amounts receivable after more than one year | 29 | €283,078 | €113,021 | -€170,057 | -60.1% |
| Other amounts receivable | 291 | €283,078 | €113,021 | -€170,057 | -60.1% |
| Amounts receivable within one year | 40/41 | €862,694 | €870,623 | +€7,929 | +0.9% |
| Other amounts receivable | 41 | €862,694 | €870,623 | +€7,929 | +0.9% |
| Current investments | 50/53 | €766,282 | €975,673 | +€209,390 | +27.3% |
| Cash at bank and in hand | 54/58 | €359,802 | €412,496 | +€52,693 | +14.6% |
| Deferred charges and accrued income | 490/1 | €2,145 | €2,218 | +€73 | +3.4% |
| Total equity and liabilities | 10/49 | €2,612,414 | €2,641,711 | +€29,297 | +1.1% |
| Equity | 10/15 | €2,583,732 | €2,618,594 | +€34,862 | +1.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €2,513,732 | €2,548,594 | +€34,862 | +1.4% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €106,735 | €85,827 | -€20,908 | -19.6% |
| Distributable reserves | 133 | €2,399,997 | €2,455,767 | +€55,770 | +2.3% |
| Provisions and deferred taxes | 16 | €27,430 | €21,505 | -€5,925 | -21.6% |
| Deferred taxes | 168 | €27,430 | €21,505 | -€5,925 | -21.6% |
| Amounts payable | 17/49 | €1,252 | €1,612 | +€360 | +28.7% |
| Amounts payable within one year | 42/48 | €152 | €470 | +€318 | +210% |
| Trade debts | 44 | €152 | €470 | +€318 | +210% |
| Suppliers | 440/4 | €152 | €470 | +€318 | +210% |
| Accrued charges and deferred income | 492/3 | €1,100 | €1,142 | +€41 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,991 | €70,732 | -€11,259 | -13.7% |
| Other operating charges | 640/8 | €7,173 | €6,854 | -€319 | -4.5% |
| Gross operating margin | 9900 | €38,135 | €36,043 | -€2,092 | -5.5% |
| Operating profit (loss) | 9901 | -€51,029 | -€41,542 | +€9,487 | +18.6% |
| Financial income | 75/76B | €59,884 | €69,648 | +€9,764 | +16.3% |
| Recurring financial income | 75 | €59,884 | €69,648 | +€9,764 | +16.3% |
| Financial charges | 65/66B | €99 | €186 | +€87 | +87.8% |
| Recurring financial charges | 65 | €99 | €186 | +€87 | +87.8% |
| Profit (loss) for the period before taxes | 9903 | €8,756 | €27,919 | +€19,164 | +219% |
| Transfer from deferred taxes | 780 | €6,162 | €5,925 | -€237 | -3.8% |
| Income taxes | 67/77 | €84 | -€1,018 | -€1,101 | |
| Profit (loss) for the period | 9904 | €14,833 | €34,862 | +€20,028 | +135% |
| Transfer from tax-exempt reserves | 789 | €20,672 | €20,908 | +€237 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,505 | €55,770 | +€20,265 | +57.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.