NEIRYNCK: 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.
NEIRYNCK
Largest movements
- Cash +€42,390
up €42,390 (+5.7%), from €749,882 to €792,271
mainly Net result for the year (+€102,709) and Depreciation (+€27,139)
- Tangible fixed assets +€20,851
up €20,851 (+22.2%), from €93,999 to €114,850
of which Plant, machinery and equipment: +€30,169
- Current investments +€19,500
up €19,500 (+17.6%), from €111,025 to €130,525
- Receivables within one year +€13,234
up €13,234 (+20.8%), from €63,489 to €76,723
of which Other amounts receivable: +€11,103
- Reserves +€101,209
up €101,209 (+11.4%), from €885,203 to €986,413
of which Distributable reserves: +€101,209
- Debts after one year -€20,733
down €20,733 (-68.3%), from €30,345 to €9,612
- Tax, wage and social debts +€11,509
up €11,509 (+38.1%), from €30,203 to €41,712
of which Taxes: +€9,652
- Gross operating margin +€66,119
up €66,119 (+22.5%), from €293,304 to €359,423
- Staff costs +€19,629
up €19,629 (+10.0%), from €196,993 to €216,621
- Taxes +€8,508
up €8,508 (+26.7%), from €31,872 to €40,380
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 | €1,020,023 | €1,115,605 | +€95,582 | +9.4% |
| Fixed assets | 21/28 | €93,999 | €114,850 | +€20,851 | +22.2% |
| Tangible fixed assets | 22/27 | €93,999 | €114,850 | +€20,851 | +22.2% |
| Plant, machinery and equipment | 23 | €32,747 | €62,917 | +€30,169 | +92.1% |
| Other tangible fixed assets | 26 | €61,252 | €51,934 | -€9,318 | -15.2% |
| Current assets | 29/58 | €926,024 | €1,000,755 | +€74,731 | +8.1% |
| Stocks and contracts in progress | 3 | €1,628 | €1,236 | -€393 | -24.1% |
| Stocks | 30/36 | €1,628 | €1,236 | -€393 | -24.1% |
| Amounts receivable within one year | 40/41 | €63,489 | €76,723 | +€13,234 | +20.8% |
| Trade receivables | 40 | €380 | €2,511 | +€2,131 | +560% |
| Other amounts receivable | 41 | €63,109 | €74,211 | +€11,103 | +17.6% |
| Current investments | 50/53 | €111,025 | €130,525 | +€19,500 | +17.6% |
| Cash at bank and in hand | 54/58 | €749,882 | €792,271 | +€42,390 | +5.7% |
| Total equity and liabilities | 10/49 | €1,020,023 | €1,115,605 | +€95,582 | +9.4% |
| Equity | 10/15 | €891,904 | €993,114 | +€101,209 | +11.3% |
| Contributions | 10/11 | €6,701 | €6,701 | = | 0.0% |
| Reserves | 13 | €885,203 | €986,413 | +€101,209 | +11.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €883,343 | €984,553 | +€101,209 | +11.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €128,118 | €122,491 | -€5,627 | -4.4% |
| Amounts payable after more than one year | 17 | €30,345 | €9,612 | -€20,733 | -68.3% |
| Financial debts | 170/4 | €30,345 | €9,612 | -€20,733 | -68.3% |
| Amounts payable within one year | 42/48 | €97,773 | €112,879 | +€15,106 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €17,268 | €11,375 | -€5,892 | -34.1% |
| Financial debts | 43 | €10,946 | €10,801 | -€145 | -1.3% |
| Credit institutions | 430/8 | €10,946 | €10,801 | -€145 | -1.3% |
| Trade debts | 44 | €39,356 | €47,490 | +€8,135 | +20.7% |
| Suppliers | 440/4 | €39,356 | €47,490 | +€8,135 | +20.7% |
| Taxes, remuneration and social security | 45 | €30,203 | €41,712 | +€11,509 | +38.1% |
| Taxes | 450/3 | €2,799 | €12,452 | +€9,652 | +345% |
| Remuneration and social security | 454/9 | €27,404 | €29,260 | +€1,856 | +6.8% |
| Other amounts payable | 47/48 | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €196,993 | €216,621 | +€19,629 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,707 | €27,139 | +€2,432 | +9.8% |
| Other operating charges | 640/8 | €2,007 | €1,710 | -€297 | -14.8% |
| Gross operating margin | 9900 | €293,304 | €359,423 | +€66,119 | +22.5% |
| Operating profit (loss) | 9901 | €69,597 | €113,953 | +€44,355 | +63.7% |
| Financial income | 75/76B | €36,178 | €33,438 | -€2,739 | -7.6% |
| Recurring financial income | 75 | €36,178 | €33,438 | -€2,739 | -7.6% |
| Financial charges | 65/66B | €6,299 | €4,302 | -€1,997 | -31.7% |
| Recurring financial charges | 65 | €6,299 | €4,302 | -€1,997 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €99,476 | €143,089 | +€43,613 | +43.8% |
| Income taxes | 67/77 | €31,872 | €40,380 | +€8,508 | +26.7% |
| Profit (loss) for the period | 9904 | €67,604 | €102,709 | +€35,105 | +51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,604 | €102,709 | +€35,105 | +51.9% |
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 15 October 2026 via checked.be.