NEILA: 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.
NEILA
Largest movements
- Receivables within one year -€148,691
down €148,691 (-44.9%), from €331,176 to €182,484
of which Trade receivables: -€180,623
- Cash +€113,732
up €113,732 (+71.0%), from €160,218 to €273,950
mainly Receivables within one year (+€148,691) and Net result for the year (+€85,776)
- Tangible fixed assets -€23,273
down €23,273 (-27.3%), from €85,239 to €61,965
of which Leasing and similar rights: -€17,844
- Accrued charges and deferred income -€98,927
down €98,927 (-99.1%), from €99,869 to €942
- Reserves +€84,110
up €84,110 (+32.0%), from €262,969 to €347,079
- Advances received -€22,358
no longer reported in 2025 (was €22,358)
- Debts after one year -€14,455
down €14,455 (-45.0%), from €32,112 to €17,656
- Trade debts -€12,367
down €12,367 (-11.1%), from €111,870 to €99,502
- Gross operating margin +€82,750
up €82,750 (+26.8%), from €308,833 to €391,583
- Staff costs +€46,602
up €46,602 (+24.0%), from €194,541 to €241,143
- Taxes +€11,456
up €11,456 (+47.8%), from €23,967 to €35,423
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 | €592,033 | €528,504 | -€63,529 | -10.7% |
| Fixed assets | 21/28 | €85,239 | €61,965 | -€23,273 | -27.3% |
| Tangible fixed assets | 22/27 | €85,239 | €61,965 | -€23,273 | -27.3% |
| Plant, machinery and equipment | 23 | €22,721 | €18,082 | -€4,639 | -20.4% |
| Furniture and vehicles | 24 | €155 | €35 | -€120 | -77.5% |
| Leasing and similar rights | 25 | €57,959 | €40,115 | -€17,844 | -30.8% |
| Other tangible fixed assets | 26 | €4,404 | €3,733 | -€671 | -15.2% |
| Current assets | 29/58 | €506,795 | €466,539 | -€40,256 | -7.9% |
| Stocks and contracts in progress | 3 | €10,670 | €7,879 | -€2,791 | -26.2% |
| Stocks | 30/36 | €10,670 | €7,879 | -€2,791 | -26.2% |
| Amounts receivable within one year | 40/41 | €331,176 | €182,484 | -€148,691 | -44.9% |
| Trade receivables | 40 | €312,456 | €131,833 | -€180,623 | -57.8% |
| Other amounts receivable | 41 | €18,720 | €50,651 | +€31,932 | +171% |
| Cash at bank and in hand | 54/58 | €160,218 | €273,950 | +€113,732 | +71.0% |
| Deferred charges and accrued income | 490/1 | €4,731 | €2,225 | -€2,506 | -53.0% |
| Total equity and liabilities | 10/49 | €592,033 | €528,504 | -€63,529 | -10.7% |
| Equity | 10/15 | €281,561 | €365,671 | +€84,110 | +29.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €262,969 | €347,079 | +€84,110 | +32.0% |
| Distributable reserves | 133 | €262,969 | €347,079 | +€84,110 | +32.0% |
| Amounts payable | 17/49 | €310,472 | €162,833 | -€147,639 | -47.6% |
| Amounts payable after more than one year | 17 | €32,112 | €17,656 | -€14,455 | -45.0% |
| Financial debts | 170/4 | €32,112 | €17,656 | -€14,455 | -45.0% |
| Amounts payable within one year | 42/48 | €178,492 | €144,234 | -€34,257 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €13,708 | €13,873 | +€165 | +1.2% |
| Trade debts | 44 | €111,870 | €99,502 | -€12,367 | -11.1% |
| Suppliers | 440/4 | €111,870 | €99,502 | -€12,367 | -11.1% |
| Advances received on contracts in progress | 46 | €22,358 | - | -€22,358 | |
| Taxes, remuneration and social security | 45 | €27,947 | €24,057 | -€3,890 | -13.9% |
| Taxes | 450/3 | €6,151 | €21,312 | +€15,161 | +246% |
| Remuneration and social security | 454/9 | €21,796 | €2,745 | -€19,051 | -87.4% |
| Other amounts payable | 47/48 | €2,609 | €6,802 | +€4,193 | +161% |
| Accrued charges and deferred income | 492/3 | €99,869 | €942 | -€98,927 | -99.1% |
| Remuneration, social security and pensions | 62 | €194,541 | €241,143 | +€46,602 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,136 | €25,217 | +€1,081 | +4.5% |
| Other operating charges | 640/8 | €2,236 | €2,132 | -€104 | -4.6% |
| Gross operating margin | 9900 | €308,833 | €391,583 | +€82,750 | +26.8% |
| Operating profit (loss) | 9901 | €87,919 | €123,090 | +€35,171 | +40.0% |
| Financial income | 75/76B | €3 | €50 | +€47 | +1,431% |
| Recurring financial income | 75 | €3 | €50 | +€47 | +1,431% |
| Financial charges | 65/66B | €2,444 | €1,941 | -€504 | -20.6% |
| Recurring financial charges | 65 | €2,444 | €1,941 | -€504 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €85,478 | €121,199 | +€35,721 | +41.8% |
| Income taxes | 67/77 | €23,967 | €35,423 | +€11,456 | +47.8% |
| Profit (loss) for the period | 9904 | €61,511 | €85,776 | +€24,265 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,511 | €85,776 | +€24,265 | +39.4% |
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.