NEGENDUUST: 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.
NEGENDUUST
Largest movements
- Tangible fixed assets -€16,930
down €16,930 (-32.4%), from €52,305 to €35,375
- Cash +€16,678
up €16,678 (+92.7%), from €17,998 to €34,676
mainly Net result for the year (+€38,174) and Depreciation (+€18,496)
- Financial fixed assets -€10,000
no longer reported in 2025 (was €10,000)
- Receivables within one year -€7,992
down €7,992 (-36.1%), from €22,137 to €14,146
of which Trade receivables: -€9,119
- Deferred charges and accrued income -€1,846
down €1,846 (-28.1%), from €6,570 to €4,724
- Profit (loss) carried forward +€38,174
up €38,174, from -€32,572 to €5,602
- Trade debts -€17,377
down €17,377 (-42.2%), from €41,131 to €23,754
- Tax, wage and social debts -€15,459
down €15,459 (-63.2%), from €24,450 to €8,991
of which Taxes: -€15,592
- Other debts -€12,097
down €12,097 (-38.7%), from €31,269 to €19,172
- Debts after one year -€8,358
down €8,358 (-52.2%), from €16,019 to €7,661
- Gross operating margin +€80,789
up €80,789 (+293%), from €27,583 to €108,372
- Other operating charges -€8,000
down €8,000 (-62.7%), from €12,761 to €4,761
- Staff costs +€3,995
up €3,995 (+10.7%), from €37,219 to €41,214
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 | €111,321 | €91,352 | -€19,969 | -17.9% |
| Fixed assets | 21/28 | €62,305 | €35,375 | -€26,930 | -43.2% |
| Tangible fixed assets | 22/27 | €52,305 | €35,375 | -€16,930 | -32.4% |
| Plant, machinery and equipment | 23 | €25,812 | €18,266 | -€7,546 | -29.2% |
| Furniture and vehicles | 24 | €3,856 | €1,966 | -€1,890 | -49.0% |
| Other tangible fixed assets | 26 | €22,637 | €15,143 | -€7,494 | -33.1% |
| Financial fixed assets | 28 | €10,000 | - | -€10,000 | |
| Current assets | 29/58 | €49,017 | €55,978 | +€6,961 | +14.2% |
| Stocks and contracts in progress | 3 | €2,311 | €2,431 | +€120 | +5.2% |
| Stocks | 30/36 | €2,311 | €2,431 | +€120 | +5.2% |
| Amounts receivable within one year | 40/41 | €22,137 | €14,146 | -€7,992 | -36.1% |
| Trade receivables | 40 | €20,071 | €10,953 | -€9,119 | -45.4% |
| Other amounts receivable | 41 | €2,066 | €3,193 | +€1,127 | +54.6% |
| Cash at bank and in hand | 54/58 | €17,998 | €34,676 | +€16,678 | +92.7% |
| Deferred charges and accrued income | 490/1 | €6,570 | €4,724 | -€1,846 | -28.1% |
| Total equity and liabilities | 10/49 | €111,321 | €91,352 | -€19,969 | -17.9% |
| Equity | 10/15 | -€22,572 | €15,602 | +€38,174 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,572 | €5,602 | +€38,174 | |
| Amounts payable | 17/49 | €133,893 | €75,750 | -€58,143 | -43.4% |
| Amounts payable after more than one year | 17 | €16,019 | €7,661 | -€8,358 | -52.2% |
| Financial debts | 170/4 | €16,019 | €7,661 | -€8,358 | -52.2% |
| Amounts payable within one year | 42/48 | €105,207 | €60,275 | -€44,932 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €8,358 | €8,358 | = | 0.0% |
| Trade debts | 44 | €41,131 | €23,754 | -€17,377 | -42.2% |
| Suppliers | 440/4 | €41,131 | €23,754 | -€17,377 | -42.2% |
| Taxes, remuneration and social security | 45 | €24,450 | €8,991 | -€15,459 | -63.2% |
| Taxes | 450/3 | €23,217 | €7,625 | -€15,592 | -67.2% |
| Remuneration and social security | 454/9 | €1,233 | €1,366 | +€133 | +10.8% |
| Other amounts payable | 47/48 | €31,269 | €19,172 | -€12,097 | -38.7% |
| Accrued charges and deferred income | 492/3 | €12,667 | €7,814 | -€4,853 | -38.3% |
| Remuneration, social security and pensions | 62 | €37,219 | €41,214 | +€3,995 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,440 | €18,496 | +€56 | +0.3% |
| Other operating charges | 640/8 | €12,761 | €4,761 | -€8,000 | -62.7% |
| Gross operating margin | 9900 | €27,583 | €108,372 | +€80,789 | +293% |
| Operating profit (loss) | 9901 | -€40,837 | €43,901 | +€84,738 | |
| Financial income | 75/76B | €574 | €324 | -€250 | -43.5% |
| Recurring financial income | 75 | €574 | €324 | -€250 | -43.5% |
| Financial charges | 65/66B | €5,266 | €5,797 | +€531 | +10.1% |
| Recurring financial charges | 65 | €5,266 | €5,797 | +€531 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | -€45,529 | €38,429 | +€83,957 | |
| Income taxes | 67/77 | €144 | €255 | +€111 | +77.3% |
| Profit (loss) for the period | 9904 | -€45,672 | €38,174 | +€83,846 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,672 | €38,174 | +€83,846 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.