NEIF: 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.
NEIF
Largest movements
- Cash +€180,630
up €180,630 (+28.8%), from €627,115 to €807,745
mainly Net result for the year (+€265,339) and Stocks and contracts (+€46,231)
- Stocks and contracts -€46,231
down €46,231 (-6.9%), from €671,386 to €625,155
- Tangible fixed assets -€34,820
down €34,820 (-21.3%), from €163,773 to €128,953
of which Furniture and vehicles: -€29,886
- Current investments -€28,465
down €28,465 (-2.6%), from €1.1m to €1.1m
- Reserves +€115,339
up €115,339 (+4.9%), from €2.3m to €2.5m
- Tax, wage and social debts -€34,139
down €34,139 (-32.0%), from €106,733 to €72,595
of which Taxes: -€24,897
- Gross operating margin -€336,603
down €336,603 (-34.5%), from €974,303 to €637,700
- Taxes -€99,423
down €99,423 (-45.6%), from €218,082 to €118,660
- Staff costs -€49,256
down €49,256 (-17.2%), from €285,615 to €236,359
- Financial income -€20,730
down €20,730 (-40.9%), from €50,690 to €29,961
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 | €2,562,781 | €2,652,005 | +€89,224 | +3.5% |
| Fixed assets | 21/28 | €164,048 | €129,228 | -€34,820 | -21.2% |
| Tangible fixed assets | 22/27 | €163,773 | €128,953 | -€34,820 | -21.3% |
| Plant, machinery and equipment | 23 | €4,074 | €2,447 | -€1,627 | -39.9% |
| Furniture and vehicles | 24 | €101,231 | €71,345 | -€29,886 | -29.5% |
| Other tangible fixed assets | 26 | €58,468 | €55,161 | -€3,307 | -5.7% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €2,398,733 | €2,522,777 | +€124,044 | +5.2% |
| Stocks and contracts in progress | 3 | €671,386 | €625,155 | -€46,231 | -6.9% |
| Stocks | 30/36 | €671,386 | €625,155 | -€46,231 | -6.9% |
| Amounts receivable within one year | 40/41 | €175 | €22,172 | +€21,996 | +12555.0% |
| Other amounts receivable | 41 | €175 | €22,172 | +€21,996 | +12555.0% |
| Current investments | 50/53 | €1,085,485 | €1,057,020 | -€28,465 | -2.6% |
| Cash at bank and in hand | 54/58 | €627,115 | €807,745 | +€180,630 | +28.8% |
| Deferred charges and accrued income | 490/1 | €14,571 | €10,685 | -€3,886 | -26.7% |
| Total equity and liabilities | 10/49 | €2,562,781 | €2,652,005 | +€89,224 | +3.5% |
| Equity | 10/15 | €2,359,218 | €2,474,557 | +€115,339 | +4.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,339,218 | €2,454,557 | +€115,339 | +4.9% |
| Distributable reserves | 133 | €2,339,218 | €2,454,557 | +€115,339 | +4.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €203,563 | €177,448 | -€26,115 | -12.8% |
| Amounts payable within one year | 42/48 | €203,563 | €177,448 | -€26,115 | -12.8% |
| Trade debts | 44 | €92,273 | €101,402 | +€9,129 | +9.9% |
| Suppliers | 440/4 | €92,273 | €101,402 | +€9,129 | +9.9% |
| Taxes, remuneration and social security | 45 | €106,733 | €72,595 | -€34,139 | -32.0% |
| Taxes | 450/3 | €70,482 | €45,585 | -€24,897 | -35.3% |
| Remuneration and social security | 454/9 | €36,252 | €27,010 | -€9,241 | -25.5% |
| Other amounts payable | 47/48 | €4,557 | €3,450 | -€1,106 | -24.3% |
| Remuneration, social security and pensions | 62 | €285,615 | €236,359 | -€49,256 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,867 | €42,112 | +€6,245 | +17.4% |
| Other operating charges | 640/8 | €4,760 | €4,881 | +€120 | +2.5% |
| Gross operating margin | 9900 | €974,303 | €637,700 | -€336,603 | -34.5% |
| Operating profit (loss) | 9901 | €648,060 | €354,348 | -€293,712 | -45.3% |
| Financial income | 75/76B | €50,690 | €29,961 | -€20,730 | -40.9% |
| Recurring financial income | 75 | €50,690 | €29,961 | -€20,730 | -40.9% |
| Financial charges | 65/66B | €703 | €310 | -€393 | -55.9% |
| Recurring financial charges | 65 | €703 | €310 | -€393 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €698,048 | €383,999 | -€314,049 | -45.0% |
| Income taxes | 67/77 | €218,082 | €118,660 | -€99,423 | -45.6% |
| Profit (loss) for the period | 9904 | €479,965 | €265,339 | -€214,626 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €479,965 | €265,339 | -€214,626 | -44.7% |
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 30 September 2026 via checked.be.