NEELTJE: 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.
NEELTJE
Largest movements
- Tangible fixed assets -€35,511
down €35,511 (-4.4%), from €804,531 to €769,020
of which Land and buildings: -€27,121
- Cash -€17,642
down €17,642 (-40.8%), from €43,272 to €25,629
mainly Contributions, distributions and other (-€93,022) and Debts after one year (-€68,833)
- Other debts +€74,165
up €74,165 (+1,269%), from €5,845 to €80,010
- Debts after one year -€68,833
down €68,833 (-11.5%), from €600,964 to €532,131
- Reserves -€66,570
down €66,570 (-71.6%), from €93,022 to €26,452
- Advances received +€28,980
up €28,980 (+38.2%), from €75,926 to €104,906
- Accrued charges and deferred income -€16,495
down €16,495 (-62.0%), from €26,611 to €10,116
- Gross operating margin +€3,896
up €3,896 (+3.2%), from €121,169 to €125,065
- Depreciation +€2,980
up €2,980 (+4.2%), from €70,911 to €73,891
- Financial charges -€1,869
down €1,869 (-12.5%), from €14,929 to €13,061
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 | €895,572 | €845,441 | -€50,131 | -5.6% |
| Fixed assets | 21/28 | €809,531 | €774,020 | -€35,511 | -4.4% |
| Tangible fixed assets | 22/27 | €804,531 | €769,020 | -€35,511 | -4.4% |
| Land and buildings | 22 | €709,454 | €682,334 | -€27,121 | -3.8% |
| Plant, machinery and equipment | 23 | €44,417 | €42,811 | -€1,605 | -3.6% |
| Furniture and vehicles | 24 | €50,660 | €43,876 | -€6,785 | -13.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €86,041 | €71,420 | -€14,620 | -17.0% |
| Amounts receivable within one year | 40/41 | €42,055 | €43,636 | +€1,581 | +3.8% |
| Trade receivables | 40 | €35,037 | €30,893 | -€4,144 | -11.8% |
| Other amounts receivable | 41 | €7,017 | €12,743 | +€5,725 | +81.6% |
| Cash at bank and in hand | 54/58 | €43,272 | €25,629 | -€17,642 | -40.8% |
| Deferred charges and accrued income | 490/1 | €714 | €2,155 | +€1,441 | +202% |
| Total equity and liabilities | 10/49 | €895,572 | €845,441 | -€50,131 | -5.6% |
| Equity | 10/15 | €96,022 | €29,452 | -€66,570 | -69.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €93,022 | €26,452 | -€66,570 | -71.6% |
| Distributable reserves | 133 | €93,022 | €26,452 | -€66,570 | -71.6% |
| Amounts payable | 17/49 | €799,550 | €815,989 | +€16,439 | +2.1% |
| Amounts payable after more than one year | 17 | €600,964 | €532,131 | -€68,833 | -11.5% |
| Financial debts | 170/4 | €600,964 | €532,131 | -€68,833 | -11.5% |
| Amounts payable within one year | 42/48 | €171,975 | €273,742 | +€101,768 | +59.2% |
| Current portion of amounts payable after more than one year | 42 | €69,581 | €68,834 | -€747 | -1.1% |
| Trade debts | 44 | €15,466 | €17,549 | +€2,083 | +13.5% |
| Suppliers | 440/4 | €15,466 | €17,549 | +€2,083 | +13.5% |
| Advances received on contracts in progress | 46 | €75,926 | €104,906 | +€28,980 | +38.2% |
| Taxes, remuneration and social security | 45 | €5,158 | €2,443 | -€2,714 | -52.6% |
| Taxes | 450/3 | €5,158 | €2,443 | -€2,714 | -52.6% |
| Other amounts payable | 47/48 | €5,845 | €80,010 | +€74,165 | +1,269% |
| Accrued charges and deferred income | 492/3 | €26,611 | €10,116 | -€16,495 | -62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,911 | €73,891 | +€2,980 | +4.2% |
| Other operating charges | 640/8 | €2,294 | €2,953 | +€659 | +28.8% |
| Gross operating margin | 9900 | €121,169 | €125,065 | +€3,896 | +3.2% |
| Operating profit (loss) | 9901 | €47,964 | €48,221 | +€257 | +0.5% |
| Financial income | 75/76B | €10 | €105 | +€95 | +932% |
| Recurring financial income | 75 | €10 | €105 | +€95 | +932% |
| Financial charges | 65/66B | €14,929 | €13,061 | -€1,869 | -12.5% |
| Recurring financial charges | 65 | €14,929 | €13,061 | -€1,869 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €33,045 | €35,266 | +€2,221 | +6.7% |
| Income taxes | 67/77 | €9,653 | €8,814 | -€839 | -8.7% |
| Profit (loss) for the period | 9904 | €23,393 | €26,452 | +€3,059 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,393 | €26,452 | +€3,059 | +13.1% |
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 22 October 2026 via checked.be.