NEILA SERAING: 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 SERAING
Largest movements
- Financial fixed assets +€90,000
new in 2025: €90,000
- Cash -€68,505
down €68,505 (-98.7%), from €69,422 to €917
mainly Investment in fixed assets (net) (-€85,254) and Trade debts (-€33,704)
- Receivables within one year -€25,045
down €25,045 (-92.0%), from €27,220 to €2,175
of which Trade receivables: -€26,135
- Stocks and contracts -€5,050
down €5,050 (-100%), from €5,050 to €0
- Intangible fixed assets -€3,000
down €3,000 (-100%), from €3,000 to €0
- Other debts +€36,805
up €36,805 (+4,462%), from €825 to €37,630
- Trade debts -€33,704
down €33,704 (-83.8%), from €40,216 to €6,512
- Tax, wage and social debts -€33,137
down €33,137 (-83.7%), from €39,595 to €6,458
of which Remuneration and social security: -€37,378
- Profit (loss) carried forward +€14,497
up €14,497 (+80.6%), from €17,994 to €32,492
- Gross operating margin -€116,579
down €116,579 (-69.9%), from €166,789 to €50,210
- Staff costs -€108,630
down €108,630 (-92.0%), from €118,024 to €9,394
- Depreciation -€3,330
down €3,330 (-100%), from €3,330 to €0
- Other operating charges -€3,142
down €3,142 (-62.8%), from €5,003 to €1,861
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 | €108,631 | €93,092 | -€15,538 | -14.3% |
| Fixed assets | 21/28 | €4,746 | €90,000 | +€85,254 | +1,796% |
| Intangible fixed assets | 21 | €3,000 | €0 | -€3,000 | -100% |
| Tangible fixed assets | 22/27 | €1,746 | €0 | -€1,746 | -100% |
| Plant, machinery and equipment | 23 | €1,746 | €0 | -€1,746 | -100% |
| Financial fixed assets | 28 | - | €90,000 | +€90,000 | |
| Current assets | 29/58 | €103,884 | €3,092 | -€100,792 | -97.0% |
| Stocks and contracts in progress | 3 | €5,050 | €0 | -€5,050 | -100% |
| Stocks | 30/36 | €5,050 | €0 | -€5,050 | -100% |
| Amounts receivable within one year | 40/41 | €27,220 | €2,175 | -€25,045 | -92.0% |
| Trade receivables | 40 | €27,220 | €1,085 | -€26,135 | -96.0% |
| Other amounts receivable | 41 | - | €1,090 | +€1,090 | |
| Cash at bank and in hand | 54/58 | €69,422 | €917 | -€68,505 | -98.7% |
| Deferred charges and accrued income | 490/1 | €2,192 | €0 | -€2,192 | -100% |
| Total equity and liabilities | 10/49 | €108,631 | €93,092 | -€15,538 | -14.3% |
| Equity | 10/15 | €27,994 | €42,492 | +€14,497 | +51.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,994 | €32,492 | +€14,497 | +80.6% |
| Amounts payable | 17/49 | €80,636 | €50,600 | -€30,036 | -37.2% |
| Amounts payable within one year | 42/48 | €80,636 | €50,600 | -€30,036 | -37.2% |
| Trade debts | 44 | €40,216 | €6,512 | -€33,704 | -83.8% |
| Suppliers | 440/4 | €40,216 | €6,512 | -€33,704 | -83.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €39,595 | €6,458 | -€33,137 | -83.7% |
| Taxes | 450/3 | €1,412 | €5,653 | +€4,241 | +300% |
| Remuneration and social security | 454/9 | €38,183 | €805 | -€37,378 | -97.9% |
| Other amounts payable | 47/48 | €825 | €37,630 | +€36,805 | +4,462% |
| Remuneration, social security and pensions | 62 | €118,024 | €9,394 | -€108,630 | -92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,330 | €0 | -€3,330 | -100% |
| Other operating charges | 640/8 | €5,003 | €1,861 | -€3,142 | -62.8% |
| Non-recurring operating charges | 66A | - | €4,746 | +€4,746 | |
| Gross operating margin | 9900 | €166,789 | €50,210 | -€116,579 | -69.9% |
| Operating profit (loss) | 9901 | €40,432 | €34,209 | -€6,223 | -15.4% |
| Financial charges | 65/66B | €834 | €253 | -€581 | -69.6% |
| Recurring financial charges | 65 | €834 | €253 | -€581 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €39,598 | €33,955 | -€5,642 | -14.2% |
| Income taxes | 67/77 | €4,980 | €3,567 | -€1,414 | -28.4% |
| Profit (loss) for the period | 9904 | €34,617 | €30,389 | -€4,228 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,617 | €30,389 | -€4,228 | -12.2% |
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 1 November 2026 via checked.be.