Negen: 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.
Negen
Largest movements
- Tangible fixed assets -€15,894
down €15,894 (-26.0%), from €61,200 to €45,307
of which Furniture and vehicles: -€12,811
- Cash -€4,142
down €4,142 (-8.9%), from €46,337 to €42,194
mainly Tax, wage and social debts (-€11,088) and Debts after one year (-€9,182)
- Receivables within one year +€3,617
up €3,617 (+81.9%), from €4,417 to €8,034
- Other debts +€12,942
up €12,942 (+450.9%), from €2,870 to €15,812
- Tax, wage and social debts -€11,088
down €11,088 (-49.4%), from €22,459 to €11,371
- Debts after one year -€9,182
down €9,182 (-31.2%), from €29,428 to €20,246
- Profit (loss) carried forward -€4,574
new in 2025: -€4,574
- Trade debts -€4,504
down €4,504 (-59.6%), from €7,563 to €3,059
- Gross operating margin -€17,493
down €17,493 (-52.7%), from €33,207 to €15,714
- Taxes -€3,854
down €3,854 (-88.4%), from €4,361 to €507
- Depreciation +€691
up €691 (+4.7%), from €14,741 to €15,432
- Financial charges +€581
up €581 (+35.5%), from €1,634 to €2,215
of which Non-recurring financial charges: +€719
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 | €112,653 | €96,742 | -€15,910 | -14.1% |
| Fixed assets | 21/28 | €61,899 | €45,806 | -€16,093 | -26.0% |
| Intangible fixed assets | 21 | €699 | €499 | -€199 | -28.5% |
| Tangible fixed assets | 22/27 | €61,200 | €45,307 | -€15,894 | -26.0% |
| Plant, machinery and equipment | 23 | €8,917 | €5,833 | -€3,083 | -34.6% |
| Furniture and vehicles | 24 | €52,284 | €39,473 | -€12,811 | -24.5% |
| Current assets | 29/58 | €50,754 | €50,936 | +€182 | +0.4% |
| Amounts receivable within one year | 40/41 | €4,417 | €8,034 | +€3,617 | +81.9% |
| Trade receivables | 40 | €4,417 | €8,034 | +€3,617 | +81.9% |
| Cash at bank and in hand | 54/58 | €46,337 | €42,194 | -€4,142 | -8.9% |
| Deferred charges and accrued income | 490/1 | - | €708 | +€708 | |
| Total equity and liabilities | 10/49 | €112,653 | €96,742 | -€15,910 | -14.1% |
| Equity | 10/15 | €41,482 | €36,908 | -€4,574 | -11.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €40,482 | €40,482 | = | 0.0% |
| Distributable reserves | 133 | €40,482 | €40,482 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,574 | -€4,574 | |
| Amounts payable | 17/49 | €71,171 | €59,834 | -€11,337 | -15.9% |
| Amounts payable after more than one year | 17 | €29,428 | €20,246 | -€9,182 | -31.2% |
| Financial debts | 170/4 | €29,428 | €20,246 | -€9,182 | -31.2% |
| Amounts payable within one year | 42/48 | €41,743 | €39,423 | -€2,320 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €8,851 | €9,182 | +€331 | +3.7% |
| Trade debts | 44 | €7,563 | €3,059 | -€4,504 | -59.6% |
| Suppliers | 440/4 | €7,563 | €3,059 | -€4,504 | -59.6% |
| Taxes, remuneration and social security | 45 | €22,459 | €11,371 | -€11,088 | -49.4% |
| Taxes | 450/3 | €22,459 | €11,371 | -€11,088 | -49.4% |
| Other amounts payable | 47/48 | €2,870 | €15,812 | +€12,942 | +450.9% |
| Accrued charges and deferred income | 492/3 | - | €165 | +€165 | |
| Non-recurring operating income | 76A | €4 | - | -€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,741 | €15,432 | +€691 | +4.7% |
| Other operating charges | 640/8 | €2,307 | €2,134 | -€173 | -7.5% |
| Non-recurring operating charges | 66A | €722 | - | -€722 | |
| Gross operating margin | 9900 | €33,207 | €15,714 | -€17,493 | -52.7% |
| Operating profit (loss) | 9901 | €15,436 | -€1,852 | -€17,288 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,634 | €2,215 | +€581 | +35.5% |
| Recurring financial charges | 65 | €1,634 | €1,497 | -€138 | -8.4% |
| Non-recurring financial charges | 66B | - | €719 | +€719 | |
| Profit (loss) for the period before taxes | 9903 | €13,802 | -€4,067 | -€17,869 | |
| Income taxes | 67/77 | €4,361 | €507 | -€3,854 | -88.4% |
| Profit (loss) for the period | 9904 | €9,441 | -€4,574 | -€14,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,441 | -€4,574 | -€14,015 |
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 2 October 2026 via checked.be.