NEOCERAM: 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.
What changed
NEOCERAM
NACE 23.310, Manufacture of other non-metallic mineral products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€53,029
2024 · €196,326-€143,297
Equity
€12.9m
2024 · €12.9m+€28,421
Cash
€454,307
2024 · €11,014+€443,293
Balance sheet total
€31.5m
2024 · €24.9m+€6.6m
Largest movements
Assets
- Receivables within one year +€4.0m
up €4.0m (+77.5%), from €5.2m to €9.2m
of which Trade receivables: +€3.6m
- Financial fixed assets +€1.9m
up €1.9m (+15.9%), from €12.1m to €14.0m
of which Affiliated companies: +€1.9m
- Cash +€443,293
up €443,293 (+4,025%), from €11,014 to €454,307
mainly Debts after one year (+€5.4m) and Short-term financial debts (+€677,549)
Equity and liabilities
- Debts after one year +€5.4m
up €5.4m (+69.8%), from €7.7m to €13.1m
- Short-term financial debts +€677,549
up €677,549 (+118%), from €572,451 to €1.3m
- Trade debts +€417,513
up €417,513 (+25.5%), from €1.6m to €2.1m
- Accrued charges and deferred income +€413,557
up €413,557 (+606%), from €68,279 to €481,836
- Current portion of long-term debt -€339,366
down €339,366 (-27.4%), from €1.2m to €900,024
Income statement
- Turnover -€535,465
down €535,465 (-4.0%), from €13.5m to €13.0m
- Other operating charges -€373,553
down €373,553 (-59.8%), from €624,172 to €250,620
- Financial charges +€357,706
up €357,706 (+95.1%), from €376,205 to €733,911
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.
Result 2024
€196,326
Turnover
-€535,465
Other operating income
-€79,832
Goods and materials
+€125,250
Services and other goods
+€129,358
Staff costs
+€117,360
Depreciation
-€40,798
Write-downs
+€23,367
Other operating charges
+€373,553
Other operating items
-€22,736
Financial income
+€123,824
Financial charges
-€357,706
Taxes
+€529
Result 2025
€53,029
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€2.6m
Investment
-€2.6m
Financing
+€5.7m
Cash 2024
€11,014
From operations (derived)
-€2.6m
Net result for the year
+€53,029
Depreciation
+€512,127
Receivables after one year
+€133,615
Stocks and contracts
+€137,976
Receivables within one year
-€4.0m
Deferred charges and accrued income
-€294,268
Trade debts
+€417,513
Tax, wage and social debts
+€22,872
Accrued charges and deferred income
+€413,557
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€2.6m
Financing
+€5.7m
Debts after one year
+€5.4m
Current portion of long-term debt
-€339,366
Short-term financial debts
+€677,549
Contributions, distributions and other
-€24,608
Cash 2025
€454,307
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,877,421 | €31,472,895 | +€6.6m | +26.5% |
| Formation expenses | 20 | - | €281,167 | +€281,167 | |
| Fixed assets | 21/28 | €14,863,094 | €16,680,736 | +€1.8m | +12.2% |
| Intangible fixed assets | 21 | €205,531 | €313,863 | +€108,332 | +52.7% |
| Tangible fixed assets | 22/27 | €2,571,681 | €2,356,878 | -€214,803 | -8.4% |
| Land and buildings | 22 | €1,186,432 | €1,095,547 | -€90,884 | -7.7% |
| Plant, machinery and equipment | 23 | €1,329,895 | €1,203,459 | -€126,436 | -9.5% |
| Furniture and vehicles | 24 | €55,355 | €33,902 | -€21,453 | -38.8% |
| Assets under construction and advance payments | 27 | - | €23,970 | +€23,970 | |
| Financial fixed assets | 28 | €12,085,882 | €14,009,995 | +€1.9m | +15.9% |
| Affiliated companies | 280/1 | €11,950,098 | €13,863,369 | +€1.9m | +16.0% |
| Participating interests | 280 | €6,215,824 | €6,615,824 | +€400,000 | +6.4% |
| Amounts receivable | 281 | €5,734,274 | €7,247,544 | +€1.5m | +26.4% |
| Other financial fixed assets | 284/8 | €135,784 | €146,626 | +€10,842 | +8.0% |
| Amounts receivable and cash guarantees | 285/8 | €135,784 | €146,626 | +€10,842 | +8.0% |
| Current assets | 29/58 | €10,014,327 | €14,510,992 | +€4.5m | +44.9% |
| Amounts receivable after more than one year | 29 | €217,117 | €83,502 | -€133,615 | -61.5% |
| Other amounts receivable | 291 | €217,117 | €83,502 | -€133,615 | -61.5% |
| Stocks and contracts in progress | 3 | €4,398,130 | €4,260,154 | -€137,976 | -3.1% |
| Stocks | 30/36 | €4,398,130 | €4,260,154 | -€137,976 | -3.1% |
| Raw materials and consumables | 30/31 | €36,545 | €23,046 | -€13,499 | -36.9% |
| Work in progress | 32 | €1,995,311 | €1,804,392 | -€190,918 | -9.6% |
| Finished goods | 33 | €2,366,274 | €2,432,716 | +€66,442 | +2.8% |
| Amounts receivable within one year | 40/41 | €5,203,589 | €9,234,283 | +€4.0m | +77.5% |
| Trade receivables | 40 | €4,095,006 | €7,726,459 | +€3.6m | +88.7% |
| Other amounts receivable | 41 | €1,108,583 | €1,507,824 | +€399,241 | +36.0% |
| Cash at bank and in hand | 54/58 | €11,014 | €454,307 | +€443,293 | +4,025% |
| Deferred charges and accrued income | 490/1 | €184,477 | €478,745 | +€294,268 | +160% |
| Total equity and liabilities | 10/49 | €24,877,421 | €31,472,895 | +€6.6m | +26.5% |
| Equity | 10/15 | €12,876,199 | €12,904,620 | +€28,421 | +0.2% |
| Contributions | 10/11 | €3,928,971 | €3,928,971 | = | 0.0% |
| Capital | 10 | €3,928,971 | €3,928,971 | = | 0.0% |
| Issued capital | 100 | €3,928,971 | €3,928,971 | = | 0.0% |
| Revaluation surpluses | 12 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €8,356,113 | €8,409,142 | +€53,029 | +0.6% |
| Non-distributable reserves | 130/1 | €349,000 | €349,000 | = | 0.0% |
| Legal reserve | 130 | €349,000 | €349,000 | = | 0.0% |
| Distributable reserves | 133 | €8,007,113 | €8,060,142 | +€53,029 | +0.7% |
| Investment grants | 15 | €91,115 | €66,507 | -€24,608 | -27.0% |
| Amounts payable | 17/49 | €12,001,222 | €18,568,275 | +€6.6m | +54.7% |
| Amounts payable after more than one year | 17 | €7,698,048 | €13,072,975 | +€5.4m | +69.8% |
| Financial debts | 170/4 | €7,698,048 | €13,072,975 | +€5.4m | +69.8% |
| Subordinated loans | 170 | €421,798 | €307,309 | -€114,489 | -27.1% |
| Credit institutions | 173 | €406,250 | €138,393 | -€267,857 | -65.9% |
| Other loans | 174 | €6,870,000 | €12,627,273 | +€5.8m | +83.8% |
| Amounts payable within one year | 42/48 | €4,234,895 | €5,013,463 | +€778,568 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €1,239,390 | €900,024 | -€339,366 | -27.4% |
| Financial debts | 43 | €572,451 | €1,250,000 | +€677,549 | +118% |
| Credit institutions | 430/8 | €572,451 | €1,250,000 | +€677,549 | +118% |
| Trade debts | 44 | €1,636,769 | €2,054,282 | +€417,513 | +25.5% |
| Suppliers | 440/4 | €1,636,769 | €2,054,282 | +€417,513 | +25.5% |
| Advances received on contracts in progress | 46 | €144,816 | €144,816 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €518,168 | €541,040 | +€22,872 | +4.4% |
| Taxes | 450/3 | €4,430 | €7,395 | +€2,965 | +66.9% |
| Remuneration and social security | 454/9 | €513,738 | €533,645 | +€19,907 | +3.9% |
| Other amounts payable | 47/48 | €123,301 | €123,301 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €68,279 | €481,836 | +€413,557 | +606% |
| Operating income | 70/76A | €14,355,420 | €13,588,683 | -€766,737 | -5.3% |
| Turnover | 70 | €13,493,923 | €12,958,458 | -€535,465 | -4.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €83,634 | -€105,617 | -€189,251 | |
| Own construction capitalised | 72 | €96,071 | €130,671 | +€34,600 | +36.0% |
| Other operating income | 74 | €680,352 | €600,521 | -€79,832 | -11.7% |
| Non-recurring operating income | 76A | €1,440 | €4,650 | +€3,210 | +223% |
| Operating charges | 60/66A | €14,049,166 | €13,192,373 | -€856,793 | -6.1% |
| Goods for resale, raw materials and consumables | 60 | €5,650,692 | €5,525,443 | -€125,250 | -2.2% |
| Purchases | 600/8 | €5,634,753 | €5,511,943 | -€122,810 | -2.2% |
| Change in stocks: decrease (increase) | 609 | €15,939 | €13,499 | -€2,440 | -15.3% |
| Services and other goods | 61 | €3,163,343 | €3,033,985 | -€129,358 | -4.1% |
| Remuneration, social security and pensions | 62 | €4,097,403 | €3,980,043 | -€117,360 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471,329 | €512,127 | +€40,798 | +8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €42,226 | €18,859 | -€23,367 | -55.3% |
| Other operating charges | 640/8 | €624,172 | €250,620 | -€373,553 | -59.8% |
| Operating charges capitalised as restructuring costs | 649 | - | -€133,098 | -€133,098 | |
| Non-recurring operating charges | 66A | - | €4,394 | +€4,394 | |
| Operating profit (loss) | 9901 | €306,254 | €396,310 | +€90,056 | +29.4% |
| Financial income | 75/76B | €270,480 | €394,304 | +€123,824 | +45.8% |
| Recurring financial income | 75 | €270,480 | €394,304 | +€123,824 | +45.8% |
| Income from current assets | 751 | €242,148 | €356,969 | +€114,821 | +47.4% |
| Other financial income | 752/9 | €28,331 | €37,335 | +€9,003 | +31.8% |
| Financial charges | 65/66B | €376,205 | €733,911 | +€357,706 | +95.1% |
| Recurring financial charges | 65 | €376,205 | €733,911 | +€357,706 | +95.1% |
| Debt charges | 650 | €337,853 | €719,827 | +€381,974 | +113% |
| Other financial charges | 652/9 | €38,352 | €14,084 | -€24,268 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €200,529 | €56,703 | -€143,826 | -71.7% |
| Income taxes | 67/77 | €4,203 | €3,674 | -€529 | -12.6% |
| Taxes | 670/3 | €4,203 | €3,674 | -€529 | -12.6% |
| Profit (loss) for the period | 9904 | €196,326 | €53,029 | -€143,297 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €196,326 | €53,029 | -€143,297 | -73.0% |
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 24 October 2026 via checked.be.