NEGENTIEN: 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.
NEGENTIEN
Largest movements
- Cash +€13,970
up €13,970 (+13.5%), from €103,141 to €117,111
mainly Net result for the year (+€28,788) and Investment in fixed assets (net) (+€11,080)
- Tangible fixed assets -€11,080
down €11,080 (-100%), from €11,080 to €0
- Stocks and contracts -€2,590
down €2,590 (-92.5%), from €2,800 to €210
- Tax, wage and social debts -€8,287
down €8,287 (-17.7%), from €46,857 to €38,569
- Reserves +€7,796
up €7,796 (+4.1%), from €192,343 to €200,139
- Depreciation -€5,525
down €5,525 (-100%), from €5,525 to €0
- Gross operating margin -€4,699
down €4,699 (-8.7%), from €53,792 to €49,093
- Taxes -€1,721
down €1,721 (-10.5%), from €16,361 to €14,640
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 | €246,613 | €244,908 | -€1,704 | -0.7% |
| Fixed assets | 21/28 | €11,080 | €0 | -€11,080 | -100% |
| Tangible fixed assets | 22/27 | €11,080 | €0 | -€11,080 | -100% |
| Furniture and vehicles | 24 | €11,080 | €0 | -€11,080 | -100% |
| Current assets | 29/58 | €235,532 | €244,908 | +€9,376 | +4.0% |
| Stocks and contracts in progress | 3 | €2,800 | €210 | -€2,590 | -92.5% |
| Stocks | 30/36 | €2,800 | €210 | -€2,590 | -92.5% |
| Amounts receivable within one year | 40/41 | €128,462 | €127,587 | -€875 | -0.7% |
| Trade receivables | 40 | €128,462 | €127,419 | -€1,043 | -0.8% |
| Other amounts receivable | 41 | - | €168 | +€168 | |
| Cash at bank and in hand | 54/58 | €103,141 | €117,111 | +€13,970 | +13.5% |
| Deferred charges and accrued income | 490/1 | €1,129 | €0 | -€1,129 | -100% |
| Total equity and liabilities | 10/49 | €246,613 | €244,908 | -€1,704 | -0.7% |
| Equity | 10/15 | €198,543 | €206,339 | +€7,796 | +3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €192,343 | €200,139 | +€7,796 | +4.1% |
| Distributable reserves | 133 | €192,343 | €200,139 | +€7,796 | +4.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €48,069 | €38,569 | -€9,500 | -19.8% |
| Amounts payable within one year | 42/48 | €48,069 | €38,569 | -€9,500 | -19.8% |
| Trade debts | 44 | €755 | €0 | -€755 | -100% |
| Suppliers | 440/4 | €755 | €0 | -€755 | -100% |
| Taxes, remuneration and social security | 45 | €46,857 | €38,569 | -€8,287 | -17.7% |
| Taxes | 450/3 | €46,857 | €38,569 | -€8,287 | -17.7% |
| Other amounts payable | 47/48 | €458 | €0 | -€458 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,525 | €0 | -€5,525 | -100% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Non-recurring operating charges | 66A | - | €5,080 | +€5,080 | |
| Gross operating margin | 9900 | €53,792 | €49,093 | -€4,699 | -8.7% |
| Operating profit (loss) | 9901 | €47,739 | €43,468 | -€4,271 | -8.9% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €47,696 | €43,428 | -€4,267 | -8.9% |
| Income taxes | 67/77 | €16,361 | €14,640 | -€1,721 | -10.5% |
| Profit (loss) for the period | 9904 | €31,335 | €28,788 | -€2,547 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,335 | €28,788 | -€2,547 | -8.1% |
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 20 October 2026 via checked.be.