NEGENVIER: 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.
NEGENVIER
Largest movements
- Receivables within one year -€273,822
down €273,822 (-91.9%), from €297,949 to €24,128
of which Other amounts receivable: -€265,073
- Cash +€236,146
up €236,146 (+40.3%), from €586,636 to €822,782
mainly Receivables within one year (+€273,822) and Net result for the year (+€272,146)
- Reserves -€308,755
down €308,755 (-38.2%), from €808,871 to €500,116
of which Distributable reserves: -€308,755
- Other debts +€205,257
up €205,257 (+162%), from €127,058 to €332,315
- Tax, wage and social debts +€59,973
up €59,973 (+1,085%), from €5,527 to €65,500
- Gross operating margin +€104,748
up €104,748 (+52.4%), from €199,869 to €304,617
- Financial income +€62,091
up €62,091 (+497%), from €12,492 to €74,583
- Taxes +€30,919
up €30,919 (+45.4%), from €68,171 to €99,090
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 | €944,551 | €900,426 | -€44,125 | -4.7% |
| Fixed assets | 21/28 | €55,444 | €48,375 | -€7,068 | -12.7% |
| Tangible fixed assets | 22/27 | €22,439 | €18,671 | -€3,768 | -16.8% |
| Plant, machinery and equipment | 23 | €155 | €55 | -€100 | -64.7% |
| Furniture and vehicles | 24 | €10,639 | €8,647 | -€1,992 | -18.7% |
| Other tangible fixed assets | 26 | €11,646 | €9,970 | -€1,676 | -14.4% |
| Financial fixed assets | 28 | €33,005 | €29,704 | -€3,300 | -10.0% |
| Current assets | 29/58 | €889,107 | €852,051 | -€37,056 | -4.2% |
| Amounts receivable within one year | 40/41 | €297,949 | €24,128 | -€273,822 | -91.9% |
| Trade receivables | 40 | €24,376 | €15,628 | -€8,749 | -35.9% |
| Other amounts receivable | 41 | €273,573 | €8,500 | -€265,073 | -96.9% |
| Cash at bank and in hand | 54/58 | €586,636 | €822,782 | +€236,146 | +40.3% |
| Deferred charges and accrued income | 490/1 | €4,522 | €5,141 | +€620 | +13.7% |
| Total equity and liabilities | 10/49 | €944,551 | €900,426 | -€44,125 | -4.7% |
| Equity | 10/15 | €808,871 | €500,116 | -€308,755 | -38.2% |
| Reserves | 13 | €808,871 | €500,116 | -€308,755 | -38.2% |
| Tax-exempt reserves | 132 | €407 | €407 | = | 0.0% |
| Distributable reserves | 133 | €808,464 | €499,709 | -€308,755 | -38.2% |
| Amounts payable | 17/49 | €135,680 | €400,311 | +€264,630 | +195% |
| Amounts payable within one year | 42/48 | €135,680 | €400,311 | +€264,630 | +195% |
| Trade debts | 44 | €3,095 | €2,495 | -€600 | -19.4% |
| Suppliers | 440/4 | €3,095 | €2,495 | -€600 | -19.4% |
| Taxes, remuneration and social security | 45 | €5,527 | €65,500 | +€59,973 | +1,085% |
| Taxes | 450/3 | €5,527 | €65,500 | +€59,973 | +1,085% |
| Other amounts payable | 47/48 | €127,058 | €332,315 | +€205,257 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,609 | €5,866 | -€744 | -11.3% |
| Other operating charges | 640/8 | €3,202 | €1,753 | -€1,449 | -45.3% |
| Gross operating margin | 9900 | €199,869 | €304,617 | +€104,748 | +52.4% |
| Operating profit (loss) | 9901 | €190,057 | €296,998 | +€106,941 | +56.3% |
| Financial income | 75/76B | €12,492 | €74,583 | +€62,091 | +497% |
| Recurring financial income | 75 | €12,492 | €74,583 | +€62,091 | +497% |
| Financial charges | 65/66B | €119 | €345 | +€227 | +191% |
| Recurring financial charges | 65 | €119 | €345 | +€227 | +191% |
| Profit (loss) for the period before taxes | 9903 | €202,430 | €371,236 | +€168,806 | +83.4% |
| Income taxes | 67/77 | €68,171 | €99,090 | +€30,919 | +45.4% |
| Profit (loss) for the period | 9904 | €134,259 | €272,146 | +€137,887 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €134,259 | €272,146 | +€137,887 | +103% |
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 18 October 2026 via checked.be.