NENY: 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.
NENY
Largest movements
- Receivables within one year +€39,318
up €39,318 (+25.8%), from €152,122 to €191,439
of which Trade receivables: +€41,661
- Cash -€37,891
down €37,891 (-42.8%), from €88,591 to €50,700
mainly Debts after one year (-€46,853) and Receivables within one year (-€39,318)
- Tangible fixed assets -€37,586
down €37,586 (-7.7%), from €487,003 to €449,417
of which Land and buildings: -€24,442
- Debts after one year -€46,853
down €46,853 (-49.6%), from €94,426 to €47,574
- Reserves +€43,914
up €43,914 (+11.2%), from €390,368 to €434,282
of which Distributable reserves: +€41,718
- Trade debts -€28,640
down €28,640 (-74.1%), from €38,645 to €10,005
- Other debts -€22,101
down €22,101 (-5.3%), from €420,678 to €398,578
- Financial charges -€19,228
down €19,228 (-21.1%), from €91,050 to €71,822
- Gross operating margin +€11,386
up €11,386 (+6.1%), from €186,521 to €197,907
- Taxes +€9,042
up €9,042 (+209%), from €4,326 to €13,368
- Financial income -€6,479
down €6,479 (-21.3%), from €30,429 to €23,950
- Provisions -€5,000
new in 2025: -€5,000
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 | €2,121,223 | €2,065,325 | -€55,898 | -2.6% |
| Fixed assets | 21/28 | €1,750,986 | €1,703,501 | -€47,486 | -2.7% |
| Tangible fixed assets | 22/27 | €487,003 | €449,417 | -€37,586 | -7.7% |
| Land and buildings | 22 | €442,602 | €418,160 | -€24,442 | -5.5% |
| Plant, machinery and equipment | 23 | €12,398 | €10,495 | -€1,903 | -15.3% |
| Furniture and vehicles | 24 | €32,003 | €20,762 | -€11,241 | -35.1% |
| Financial fixed assets | 28 | €1,263,983 | €1,254,083 | -€9,900 | -0.8% |
| Current assets | 29/58 | €370,237 | €361,825 | -€8,412 | -2.3% |
| Stocks and contracts in progress | 3 | €116,135 | €116,135 | = | 0.0% |
| Stocks | 30/36 | €116,135 | €116,135 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €152,122 | €191,439 | +€39,318 | +25.8% |
| Trade receivables | 40 | €99,980 | €141,641 | +€41,661 | +41.7% |
| Other amounts receivable | 41 | €52,142 | €49,799 | -€2,343 | -4.5% |
| Cash at bank and in hand | 54/58 | €88,591 | €50,700 | -€37,891 | -42.8% |
| Deferred charges and accrued income | 490/1 | €13,389 | €3,550 | -€9,839 | -73.5% |
| Total equity and liabilities | 10/49 | €2,121,223 | €2,065,325 | -€55,898 | -2.6% |
| Equity | 10/15 | €851,488 | €895,402 | +€43,914 | +5.2% |
| Contributions | 10/11 | €461,120 | €461,120 | = | 0.0% |
| Capital | 10 | €461,120 | €461,120 | = | 0.0% |
| Issued capital | 100 | €461,120 | €461,120 | = | 0.0% |
| Reserves | 13 | €390,368 | €434,282 | +€43,914 | +11.2% |
| Non-distributable reserves | 130/1 | €17,162 | €19,357 | +€2,196 | +12.8% |
| Legal reserve | 130 | €17,162 | €19,357 | +€2,196 | +12.8% |
| Distributable reserves | 133 | €373,206 | €414,924 | +€41,718 | +11.2% |
| Provisions and deferred taxes | 16 | €5,000 | €0 | -€5,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €0 | -€5,000 | -100% |
| Other liabilities and charges | 164/5 | €5,000 | €0 | -€5,000 | -100% |
| Amounts payable | 17/49 | €1,264,735 | €1,169,923 | -€94,812 | -7.5% |
| Amounts payable after more than one year | 17 | €94,426 | €47,574 | -€46,853 | -49.6% |
| Financial debts | 170/4 | €94,426 | €47,574 | -€46,853 | -49.6% |
| Amounts payable within one year | 42/48 | €1,136,698 | €1,087,914 | -€48,784 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €46,737 | €46,853 | +€115 | +0.2% |
| Financial debts | 43 | €620,126 | €620,634 | +€508 | +0.1% |
| Credit institutions | 430/8 | €162,492 | €163,000 | +€508 | +0.3% |
| Other loans | 439 | €457,634 | €457,634 | = | 0.0% |
| Trade debts | 44 | €38,645 | €10,005 | -€28,640 | -74.1% |
| Suppliers | 440/4 | €38,645 | €10,005 | -€28,640 | -74.1% |
| Taxes, remuneration and social security | 45 | €10,511 | €11,845 | +€1,334 | +12.7% |
| Taxes | 450/3 | €7,581 | €8,811 | +€1,231 | +16.2% |
| Remuneration and social security | 454/9 | €2,930 | €3,034 | +€103 | +3.5% |
| Other amounts payable | 47/48 | €420,678 | €398,578 | -€22,101 | -5.3% |
| Accrued charges and deferred income | 492/3 | €33,611 | €34,436 | +€825 | +2.5% |
| Remuneration, social security and pensions | 62 | €40,527 | €42,786 | +€2,259 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,859 | €47,662 | +€803 | +1.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€5,000 | -€5,000 | |
| Other operating charges | 640/8 | €6,986 | €7,305 | +€319 | +4.6% |
| Gross operating margin | 9900 | €186,521 | €197,907 | +€11,386 | +6.1% |
| Operating profit (loss) | 9901 | €92,149 | €105,153 | +€13,005 | +14.1% |
| Financial income | 75/76B | €30,429 | €23,950 | -€6,479 | -21.3% |
| Recurring financial income | 75 | €30,429 | €23,950 | -€6,479 | -21.3% |
| Financial charges | 65/66B | €91,050 | €71,822 | -€19,228 | -21.1% |
| Recurring financial charges | 65 | €91,050 | €71,822 | -€19,228 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €31,528 | €57,282 | +€25,754 | +81.7% |
| Income taxes | 67/77 | €4,326 | €13,368 | +€9,042 | +209% |
| Profit (loss) for the period | 9904 | €27,202 | €43,914 | +€16,712 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,202 | €43,914 | +€16,712 | +61.4% |
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 13 October 2026 via checked.be.