NEIRYNCK POL: 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 POL
Largest movements
- Receivables within one year -€956,452
down €956,452 (-68.9%), from €1.4m to €430,969
of which Other amounts receivable: -€942,314
- Financial fixed assets +€701,280
new in 2025: €701,280
- Stocks and contracts +€55,543
up €55,543 (+5.7%), from €974,360 to €1.0m
- Debts after one year +€414,873
up €414,873 (+45.2%), from €917,084 to €1.3m
of which Financial debts: +€414,873
- Short-term financial debts -€300,000
no longer reported in 2025 (was €300,000)
of which Credit institutions: -€250,000
- Reserves -€245,987
down €245,987 (-33.9%), from €725,605 to €479,618
of which Distributable reserves: -€227,058
- Advances received -€183,002
down €183,002 (-72.3%), from €253,002 to €70,000
- Tax, wage and social debts +€116,319
up €116,319 (+2,901%), from €4,010 to €120,329
- Other operating charges +€378,060
up €378,060 (+3,010%), from €12,562 to €390,622
- Gross operating margin -€312,455
down €312,455 (-53.9%), from €579,183 to €266,728
- Taxes +€94,291
up €94,291 (+68,500%), from €138 to €94,428
- Financial charges +€28,520
up €28,520 (+1,304%), from €2,187 to €30,707
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 | €2,444,529 | €2,236,059 | -€208,470 | -8.5% |
| Fixed assets | 21/28 | €76,434 | €774,446 | +€698,012 | +913% |
| Tangible fixed assets | 22/27 | €76,434 | €73,166 | -€3,268 | -4.3% |
| Land and buildings | 22 | €76,434 | €73,166 | -€3,268 | -4.3% |
| Financial fixed assets | 28 | - | €701,280 | +€701,280 | |
| Current assets | 29/58 | €2,368,095 | €1,461,613 | -€906,482 | -38.3% |
| Stocks and contracts in progress | 3 | €974,360 | €1,029,903 | +€55,543 | +5.7% |
| Stocks | 30/36 | €974,360 | €1,029,903 | +€55,543 | +5.7% |
| Amounts receivable within one year | 40/41 | €1,387,421 | €430,969 | -€956,452 | -68.9% |
| Trade receivables | 40 | €41,941 | €27,803 | -€14,138 | -33.7% |
| Other amounts receivable | 41 | €1,345,480 | €403,166 | -€942,314 | -70.0% |
| Cash at bank and in hand | 54/58 | €1,365 | €740 | -€625 | -45.8% |
| Deferred charges and accrued income | 490/1 | €4,948 | - | -€4,948 | |
| Total equity and liabilities | 10/49 | €2,444,529 | €2,236,059 | -€208,470 | -8.5% |
| Equity | 10/15 | €793,205 | €547,218 | -€245,987 | -31.0% |
| Contributions | 10/11 | €67,601 | €67,601 | = | 0.0% |
| Capital | 10 | €67,601 | €67,601 | = | 0.0% |
| Issued capital | 100 | €67,601 | €67,601 | = | 0.0% |
| Reserves | 13 | €725,605 | €479,618 | -€245,987 | -33.9% |
| Non-distributable reserves | 130/1 | €6,760 | €6,760 | = | 0.0% |
| Legal reserve | 130 | €6,760 | €6,760 | = | 0.0% |
| Tax-exempt reserves | 132 | €440,531 | €421,602 | -€18,929 | -4.3% |
| Distributable reserves | 133 | €278,313 | €51,256 | -€227,058 | -81.6% |
| Provisions and deferred taxes | 16 | €146,844 | €140,534 | -€6,310 | -4.3% |
| Deferred taxes | 168 | €146,844 | €140,534 | -€6,310 | -4.3% |
| Amounts payable | 17/49 | €1,504,480 | €1,548,307 | +€43,827 | +2.9% |
| Amounts payable after more than one year | 17 | €917,084 | €1,331,957 | +€414,873 | +45.2% |
| Financial debts | 170/4 | €915,284 | €1,330,157 | +€414,873 | +45.3% |
| Other amounts payable | 178/9 | €1,800 | €1,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €587,396 | €216,349 | -€371,046 | -63.2% |
| Current portion of amounts payable after more than one year | 42 | €13,543 | €16,106 | +€2,563 | +18.9% |
| Financial debts | 43 | €300,000 | - | -€300,000 | |
| Credit institutions | 430/8 | €250,000 | - | -€250,000 | |
| Other loans | 439 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €16,841 | €9,915 | -€6,926 | -41.1% |
| Suppliers | 440/4 | €16,841 | €9,915 | -€6,926 | -41.1% |
| Advances received on contracts in progress | 46 | €253,002 | €70,000 | -€183,002 | -72.3% |
| Taxes, remuneration and social security | 45 | €4,010 | €120,329 | +€116,319 | +2,901% |
| Taxes | 450/3 | €4,010 | €120,329 | +€116,319 | +2,901% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,268 | €3,268 | = | 0.0% |
| Other operating charges | 640/8 | €12,562 | €390,622 | +€378,060 | +3,010% |
| Gross operating margin | 9900 | €579,183 | €266,728 | -€312,455 | -53.9% |
| Operating profit (loss) | 9901 | €563,353 | -€127,162 | -€690,515 | |
| Financial income | 75/76B | €4,948 | - | -€4,948 | |
| Recurring financial income | 75 | €4,948 | - | -€4,948 | |
| Financial charges | 65/66B | €2,187 | €30,707 | +€28,520 | +1,304% |
| Recurring financial charges | 65 | €2,187 | €30,707 | +€28,520 | +1,304% |
| Profit (loss) for the period before taxes | 9903 | €566,114 | -€157,868 | -€723,983 | |
| Transfer from deferred taxes | 780 | €7,658 | €6,310 | -€1,348 | -17.6% |
| Transfer to deferred taxes | 680 | €154,501 | - | -€154,501 | |
| Income taxes | 67/77 | €138 | €94,428 | +€94,291 | +68,500% |
| Profit (loss) for the period | 9904 | €419,133 | -€245,987 | -€665,120 | |
| Transfer from tax-exempt reserves | 789 | €22,780 | €18,929 | -€3,851 | -16.9% |
| Transfer to tax-exempt reserves | 689 | €463,312 | - | -€463,312 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,398 | -€227,058 | -€205,659 | -961% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.