Neeson: 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.
Neeson
Largest movements
- Tangible fixed assets +€359,482
up €359,482 (+1351.9%), from €26,591 to €386,073
of which Land and buildings: +€354,726
- Receivables after one year -€72,239
down €72,239 (-68.8%), from €105,000 to €32,761
- Receivables within one year -€40,527
down €40,527 (-35.0%), from €115,735 to €75,208
of which Trade receivables: -€46,733
- Cash -€39,006
down €39,006 (-51.8%), from €75,354 to €36,349
mainly Investment in fixed assets (net) (-€385,440) and Contributions, distributions and other (-€76,041)
- Debts after one year +€197,000
new in 2025: €197,000
- Short-term financial debts +€14,390
new in 2025: €14,390
- Accrued charges and deferred income +€7,457
new in 2025: €7,457
- Reserves -€5,425
down €5,425 (-1.9%), from €289,942 to €284,517
- Gross operating margin +€46,441
up €46,441 (+65.6%), from €70,811 to €117,252
- Depreciation +€19,087
up €19,087 (+299.6%), from €6,371 to €25,458
- Taxes +€4,655
up €4,655 (+29.7%), from €15,669 to €20,324
- Other operating charges +€3,473
up €3,473 (+406.9%), from €854 to €4,327
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 | €323,287 | €533,347 | +€210,061 | +65.0% |
| Fixed assets | 21/28 | €26,591 | €386,573 | +€359,982 | +1353.8% |
| Tangible fixed assets | 22/27 | €26,591 | €386,073 | +€359,482 | +1351.9% |
| Land and buildings | 22 | €23,974 | €378,699 | +€354,726 | +1479.6% |
| Furniture and vehicles | 24 | €2,617 | €7,373 | +€4,756 | +181.7% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €296,696 | €146,775 | -€149,921 | -50.5% |
| Amounts receivable after more than one year | 29 | €105,000 | €32,761 | -€72,239 | -68.8% |
| Other amounts receivable | 291 | €105,000 | €32,761 | -€72,239 | -68.8% |
| Amounts receivable within one year | 40/41 | €115,735 | €75,208 | -€40,527 | -35.0% |
| Trade receivables | 40 | €71,901 | €25,168 | -€46,733 | -65.0% |
| Other amounts receivable | 41 | €43,833 | €50,040 | +€6,206 | +14.2% |
| Cash at bank and in hand | 54/58 | €75,354 | €36,349 | -€39,006 | -51.8% |
| Deferred charges and accrued income | 490/1 | €607 | €2,457 | +€1,850 | +304.9% |
| Total equity and liabilities | 10/49 | €323,287 | €533,347 | +€210,061 | +65.0% |
| Equity | 10/15 | €292,942 | €287,517 | -€5,425 | -1.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €289,942 | €284,517 | -€5,425 | -1.9% |
| Distributable reserves | 133 | €289,942 | €284,517 | -€5,425 | -1.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €30,345 | €245,830 | +€215,485 | +710.1% |
| Amounts payable after more than one year | 17 | - | €197,000 | +€197,000 | |
| Financial debts | 170/4 | - | €197,000 | +€197,000 | |
| Amounts payable within one year | 42/48 | €30,345 | €41,373 | +€11,028 | +36.3% |
| Financial debts | 43 | - | €14,390 | +€14,390 | |
| Credit institutions | 430/8 | - | €14,390 | +€14,390 | |
| Trade debts | 44 | €6,493 | €2,565 | -€3,928 | -60.5% |
| Suppliers | 440/4 | €6,493 | €2,565 | -€3,928 | -60.5% |
| Taxes, remuneration and social security | 45 | €23,852 | €24,417 | +€565 | +2.4% |
| Taxes | 450/3 | €21,405 | €24,417 | +€3,012 | +14.1% |
| Remuneration and social security | 454/9 | €2,447 | €0 | -€2,447 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €7,457 | +€7,457 | |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,371 | €25,458 | +€19,087 | +299.6% |
| Other operating charges | 640/8 | €854 | €4,327 | +€3,473 | +406.9% |
| Gross operating margin | 9900 | €70,811 | €117,252 | +€46,441 | +65.6% |
| Operating profit (loss) | 9901 | €63,587 | €87,467 | +€23,880 | +37.6% |
| Financial income | 75/76B | €5,091 | €4,954 | -€138 | -2.7% |
| Recurring financial income | 75 | €5,091 | €4,954 | -€138 | -2.7% |
| Financial charges | 65/66B | €547 | €1,480 | +€932 | +170.3% |
| Recurring financial charges | 65 | €547 | €1,480 | +€932 | +170.3% |
| Profit (loss) for the period before taxes | 9903 | €68,131 | €90,941 | +€22,810 | +33.5% |
| Income taxes | 67/77 | €15,669 | €20,324 | +€4,655 | +29.7% |
| Profit (loss) for the period | 9904 | €52,461 | €70,617 | +€18,156 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,461 | €70,617 | +€18,156 | +34.6% |
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 11 October 2026 via checked.be.