NEONAT: 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.
NEONAT
Largest movements
- Current investments -€99,077
down €99,077 (-27.6%), from €359,000 to €259,923
- Cash -€85,380
down €85,380 (-16.9%), from €505,871 to €420,491
mainly Net result for the year (-€141,374) and Other debts (-€134,496)
- Receivables within one year -€52,495
down €52,495 (-26.8%), from €195,661 to €143,166
of which Trade receivables: -€45,326
- Tangible fixed assets -€38,969
down €38,969 (-13.4%), from €290,686 to €251,718
- Profit (loss) carried forward -€141,374
down €141,374, from €13,390 to -€127,984
- Other debts -€134,496
down €134,496 (-72.4%), from €185,800 to €51,304
- Trade debts +€17,944
up €17,944 (+264%), from €6,793 to €24,738
- Debts after one year -€14,364
down €14,364 (-15.5%), from €92,697 to €78,334
- Gross operating margin -€348,034
down €348,034, from €289,165 to -€58,869
- Taxes -€71,059
down €71,059 (-99.5%), from €71,431 to €373
- Staff costs +€16,545
up €16,545 (+68.0%), from €24,326 to €40,870
- Depreciation +€11,196
up €11,196 (+34.9%), from €32,103 to €43,299
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 | €1,351,243 | €1,079,107 | -€272,136 | -20.1% |
| Fixed assets | 21/28 | €290,711 | €251,742 | -€38,969 | -13.4% |
| Tangible fixed assets | 22/27 | €290,686 | €251,718 | -€38,969 | -13.4% |
| Land and buildings | 22 | €156,552 | €150,633 | -€5,919 | -3.8% |
| Plant, machinery and equipment | 23 | €60,393 | €41,956 | -€18,437 | -30.5% |
| Furniture and vehicles | 24 | €73,742 | €59,128 | -€14,614 | -19.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €1,060,532 | €827,365 | -€233,168 | -22.0% |
| Amounts receivable within one year | 40/41 | €195,661 | €143,166 | -€52,495 | -26.8% |
| Trade receivables | 40 | €97,802 | €52,475 | -€45,326 | -46.3% |
| Other amounts receivable | 41 | €97,859 | €90,691 | -€7,168 | -7.3% |
| Current investments | 50/53 | €359,000 | €259,923 | -€99,077 | -27.6% |
| Cash at bank and in hand | 54/58 | €505,871 | €420,491 | -€85,380 | -16.9% |
| Deferred charges and accrued income | 490/1 | - | €3,785 | +€3,785 | |
| Total equity and liabilities | 10/49 | €1,351,243 | €1,079,107 | -€272,136 | -20.1% |
| Equity | 10/15 | €1,042,476 | €901,101 | -€141,374 | -13.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €998,099 | €998,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €995,000 | €995,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,390 | -€127,984 | -€141,374 | |
| Amounts payable | 17/49 | €308,768 | €178,006 | -€130,762 | -42.3% |
| Amounts payable after more than one year | 17 | €92,697 | €78,334 | -€14,364 | -15.5% |
| Financial debts | 170/4 | €92,697 | €78,334 | -€14,364 | -15.5% |
| Amounts payable within one year | 42/48 | €216,070 | €99,672 | -€116,398 | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €18,701 | €14,364 | -€4,337 | -23.2% |
| Trade debts | 44 | €6,793 | €24,738 | +€17,944 | +264% |
| Suppliers | 440/4 | €6,793 | €24,738 | +€17,944 | +264% |
| Taxes, remuneration and social security | 45 | €4,776 | €9,267 | +€4,491 | +94.0% |
| Remuneration and social security | 454/9 | €4,776 | €9,267 | +€4,491 | +94.0% |
| Other amounts payable | 47/48 | €185,800 | €51,304 | -€134,496 | -72.4% |
| Remuneration, social security and pensions | 62 | €24,326 | €40,870 | +€16,545 | +68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,103 | €43,299 | +€11,196 | +34.9% |
| Non-recurring operating charges | 66A | €2,703 | - | -€2,703 | |
| Gross operating margin | 9900 | €289,165 | -€58,869 | -€348,034 | |
| Operating profit (loss) | 9901 | €230,033 | -€143,039 | -€373,072 | |
| Financial income | 75/76B | €4,463 | €5,668 | +€1,206 | +27.0% |
| Recurring financial income | 75 | €4,463 | €5,668 | +€1,206 | +27.0% |
| Financial charges | 65/66B | €6,026 | €3,631 | -€2,395 | -39.7% |
| Recurring financial charges | 65 | €6,026 | €3,631 | -€2,395 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €228,470 | -€141,002 | -€369,472 | |
| Income taxes | 67/77 | €71,431 | €373 | -€71,059 | -99.5% |
| Profit (loss) for the period | 9904 | €157,038 | -€141,374 | -€298,413 | |
| Profit (loss) for the period to be appropriated | 9905 | €157,038 | -€141,374 | -€298,413 |
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 18 October 2026 via checked.be.