NEERSTROATE 28: 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.
NEERSTROATE 28
Largest movements
- Cash +€166,956
up €166,956 (+839.1%), from €19,897 to €186,853
mainly Trade debts (+€95,191) and Receivables within one year (+€84,289)
- Receivables within one year -€84,289
down €84,289 (-45.5%), from €185,121 to €100,832
of which Other amounts receivable: -€126,035
- Stocks and contracts +€40,140
new in 2025: €40,140
- Tangible fixed assets +€3,785
new in 2025: €3,785
- Trade debts +€95,191
up €95,191 (+45859.7%), from €208 to €95,399
- Reserves +€40,000
up €40,000 (+25.0%), from €160,000 to €200,000
- Accrued charges and deferred income -€10,978
down €10,978 (-93.1%), from €11,792 to €814
- Profit (loss) carried forward +€6,797
up €6,797 (+182.6%), from €3,723 to €10,520
- Tax, wage and social debts -€6,309
down €6,309 (-44.1%), from €14,296 to €7,987
of which Taxes: -€5,309
- Gross operating margin -€15,390
down €15,390 (-16.3%), from €94,382 to €78,991
- Taxes -€2,207
down €2,207 (-10.9%), from €20,256 to €18,049
- Financial charges +€1,036
up €1,036 (+1042.0%), from €99 to €1,136
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 | €205,018 | €331,610 | +€126,591 | +61.7% |
| Fixed assets | 21/28 | - | €3,785 | +€3,785 | |
| Tangible fixed assets | 22/27 | - | €3,785 | +€3,785 | |
| Plant, machinery and equipment | 23 | - | €3,785 | +€3,785 | |
| Current assets | 29/58 | €205,018 | €327,825 | +€122,807 | +59.9% |
| Stocks and contracts in progress | 3 | - | €40,140 | +€40,140 | |
| Stocks | 30/36 | - | €40,140 | +€40,140 | |
| Amounts receivable within one year | 40/41 | €185,121 | €100,832 | -€84,289 | -45.5% |
| Trade receivables | 40 | €54,037 | €95,783 | +€41,746 | +77.3% |
| Other amounts receivable | 41 | €131,085 | €5,049 | -€126,035 | -96.1% |
| Cash at bank and in hand | 54/58 | €19,897 | €186,853 | +€166,956 | +839.1% |
| Total equity and liabilities | 10/49 | €205,018 | €331,610 | +€126,591 | +61.7% |
| Equity | 10/15 | €178,723 | €225,520 | +€46,797 | +26.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Distributable reserves | 133 | €160,000 | €200,000 | +€40,000 | +25.0% |
| Profit (loss) carried forward | 14 | €3,723 | €10,520 | +€6,797 | +182.6% |
| Amounts payable | 17/49 | €26,295 | €106,090 | +€79,795 | +303.5% |
| Amounts payable within one year | 42/48 | €14,503 | €105,276 | +€90,772 | +625.9% |
| Trade debts | 44 | €208 | €95,399 | +€95,191 | +45859.7% |
| Suppliers | 440/4 | €208 | €95,399 | +€95,191 | +45859.7% |
| Taxes, remuneration and social security | 45 | €14,296 | €7,987 | -€6,309 | -44.1% |
| Taxes | 450/3 | €13,296 | €7,987 | -€5,309 | -39.9% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100.0% |
| Other amounts payable | 47/48 | - | €1,890 | +€1,890 | |
| Accrued charges and deferred income | 492/3 | €11,792 | €814 | -€10,978 | -93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €36 | +€36 | |
| Other operating charges | 640/8 | €12,478 | €12,980 | +€502 | +4.0% |
| Gross operating margin | 9900 | €94,382 | €78,991 | -€15,390 | -16.3% |
| Operating profit (loss) | 9901 | €81,904 | €65,976 | -€15,928 | -19.4% |
| Financial income | 75/76B | €0 | €6 | +€6 | |
| Recurring financial income | 75 | €0 | €6 | +€6 | |
| Financial charges | 65/66B | €99 | €1,136 | +€1,036 | +1042.0% |
| Recurring financial charges | 65 | €99 | €1,136 | +€1,036 | +1042.0% |
| Profit (loss) for the period before taxes | 9903 | €81,804 | €64,846 | -€16,958 | -20.7% |
| Income taxes | 67/77 | €20,256 | €18,049 | -€2,207 | -10.9% |
| Profit (loss) for the period | 9904 | €61,548 | €46,797 | -€14,751 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,548 | €46,797 | -€14,751 | -24.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.