NEGOCOM: 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.
NEGOCOM
Largest movements
- Tangible fixed assets -€791
down €791 (-16.1%), from €4,929 to €4,138
of which Other tangible fixed assets: -€764
- Deferred charges and accrued income +€673
up €673 (+324.9%), from €207 to €881
- Receivables within one year +€541
up €541 (+153.1%), from €353 to €894
of which Trade receivables: +€286
- Cash +€166
up €166 (+4.7%), from €3,510 to €3,676
mainly Net result for the year (+€6,694) and Depreciation (+€791)
- Stocks and contracts +€155
up €155 (+6.6%), from €2,345 to €2,500
- Profit (loss) carried forward +€6,694
up €6,694 (+6.7%), from -€99,555 to -€92,861
- Other debts -€5,727
down €5,727 (-12.1%), from €47,231 to €41,504
- Current portion of long-term debt -€1,389
no longer reported in 2025 (was €1,389)
- Trade debts +€706
up €706 (+11.8%), from €6,008 to €6,714
- Tax, wage and social debts +€461
up €461 (+13.4%), from €3,440 to €3,900
of which Taxes: +€461
- Gross operating margin +€7,686
up €7,686 (+572.3%), from €1,343 to €9,029
- Staff costs -€1,338
down €1,338 (-80.0%), from €1,673 to €335
- Depreciation -€358
down €358 (-31.2%), from €1,150 to €791
- Financial income -€146
down €146 (-36.7%), from €397 to €252
of which Non-recurring financial income: -€143
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 | €13,049 | €13,794 | +€744 | +5.7% |
| Fixed assets | 21/28 | €6,634 | €5,843 | -€791 | -11.9% |
| Tangible fixed assets | 22/27 | €4,929 | €4,138 | -€791 | -16.1% |
| Plant, machinery and equipment | 23 | €222 | €194 | -€28 | -12.5% |
| Other tangible fixed assets | 26 | €4,707 | €3,944 | -€764 | -16.2% |
| Financial fixed assets | 28 | €1,705 | €1,705 | = | 0.0% |
| Current assets | 29/58 | €6,415 | €7,951 | +€1,536 | +23.9% |
| Stocks and contracts in progress | 3 | €2,345 | €2,500 | +€155 | +6.6% |
| Stocks | 30/36 | €2,345 | €2,500 | +€155 | +6.6% |
| Amounts receivable within one year | 40/41 | €353 | €894 | +€541 | +153.1% |
| Trade receivables | 40 | €353 | €639 | +€286 | +81.0% |
| Other amounts receivable | 41 | - | €255 | +€255 | |
| Cash at bank and in hand | 54/58 | €3,510 | €3,676 | +€166 | +4.7% |
| Deferred charges and accrued income | 490/1 | €207 | €881 | +€673 | +324.9% |
| Total equity and liabilities | 10/49 | €13,049 | €13,794 | +€744 | +5.7% |
| Equity | 10/15 | -€45,018 | -€38,324 | +€6,694 | +14.9% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,555 | -€92,861 | +€6,694 | +6.7% |
| Amounts payable | 17/49 | €58,068 | €52,118 | -€5,950 | -10.2% |
| Amounts payable within one year | 42/48 | €58,068 | €52,118 | -€5,950 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €1,389 | - | -€1,389 | |
| Trade debts | 44 | €6,008 | €6,714 | +€706 | +11.8% |
| Suppliers | 440/4 | €6,008 | €6,714 | +€706 | +11.8% |
| Taxes, remuneration and social security | 45 | €3,440 | €3,900 | +€461 | +13.4% |
| Taxes | 450/3 | €713 | €1,173 | +€461 | +64.6% |
| Remuneration and social security | 454/9 | €2,727 | €2,727 | = | 0.0% |
| Other amounts payable | 47/48 | €47,231 | €41,504 | -€5,727 | -12.1% |
| Remuneration, social security and pensions | 62 | €1,673 | €335 | -€1,338 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,150 | €791 | -€358 | -31.2% |
| Other operating charges | 640/8 | €774 | €793 | +€19 | +2.4% |
| Non-recurring operating charges | 66A | - | €53 | +€53 | |
| Gross operating margin | 9900 | €1,343 | €9,029 | +€7,686 | +572.3% |
| Operating profit (loss) | 9901 | -€2,254 | €7,056 | +€9,310 | |
| Financial income | 75/76B | €397 | €252 | -€146 | -36.7% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -78.9% |
| Non-recurring financial income | 76B | €394 | €251 | -€143 | -36.3% |
| Financial charges | 65/66B | €528 | €614 | +€86 | +16.2% |
| Recurring financial charges | 65 | €528 | €614 | +€86 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,385 | €6,694 | +€9,079 | |
| Profit (loss) for the period | 9904 | -€2,385 | €6,694 | +€9,079 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,385 | €6,694 | +€9,079 |
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 12 October 2026 via checked.be.