NEPTUNE: 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.
NEPTUNE
Largest movements
- Cash -€625,098
down €625,098 (-58.0%), from €1.1m to €452,622
mainly Current investments (-€444,489) and Receivables within one year (-€436,044)
- Current investments +€444,489
new in 2025: €444,489
- Receivables within one year +€436,044
up €436,044 (+29.0%), from €1.5m to €1.9m
of which Other amounts receivable: +€325,000
- Financial fixed assets +€100,000
up €100,000 (+16.2%), from €618,157 to €718,157
- Tangible fixed assets +€70,493
up €70,493 (+2.2%), from €3.2m to €3.3m
of which Plant, machinery and equipment: +€141,423
- Current portion of long-term debt +€129,742
up €129,742 (+12.7%), from €1.0m to €1.1m
- Advances received +€106,639
new in 2025: €106,639
- Trade debts +€95,406
up €95,406 (+332%), from €28,702 to €124,108
- Tax, wage and social debts -€86,646
down €86,646 (-53.8%), from €160,990 to €74,343
- Other debts +€85,502
up €85,502 (+24.2%), from €352,748 to €438,249
- Financial income -€1.0m
down €1.0m (-97.4%), from €1.0m to €26,736
- Financial charges +€146,626
up €146,626 (+6,250%), from €2,346 to €148,971
of which Financial charges: +€146,413
- Gross operating margin -€128,470
down €128,470 (-22.5%), from €571,206 to €442,736
- Other operating charges +€94,147
up €94,147 (+4,234%), from €2,224 to €96,371
- Taxes -€86,814
down €86,814 (-63.7%), from €136,263 to €49,448
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 | €6,578,068 | €6,976,821 | +€398,753 | +6.1% |
| Fixed assets | 21/28 | €3,837,984 | €4,008,476 | +€170,493 | +4.4% |
| Tangible fixed assets | 22/27 | €3,219,826 | €3,290,319 | +€70,493 | +2.2% |
| Land and buildings | 22 | €3,178,553 | €3,109,688 | -€68,864 | -2.2% |
| Plant, machinery and equipment | 23 | €34,449 | €175,872 | +€141,423 | +411% |
| Furniture and vehicles | 24 | €6,825 | €4,759 | -€2,066 | -30.3% |
| Financial fixed assets | 28 | €618,157 | €718,157 | +€100,000 | +16.2% |
| Current assets | 29/58 | €2,740,084 | €2,968,344 | +€228,260 | +8.3% |
| Stocks and contracts in progress | 3 | €129,959 | €129,959 | = | 0.0% |
| Stocks | 30/36 | €129,959 | €129,959 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,501,056 | €1,937,101 | +€436,044 | +29.0% |
| Trade receivables | 40 | €54,056 | €165,101 | +€111,044 | +205% |
| Other amounts receivable | 41 | €1,447,000 | €1,772,000 | +€325,000 | +22.5% |
| Current investments | 50/53 | - | €444,489 | +€444,489 | |
| Cash at bank and in hand | 54/58 | €1,077,720 | €452,622 | -€625,098 | -58.0% |
| Deferred charges and accrued income | 490/1 | €31,349 | €4,173 | -€27,175 | -86.7% |
| Total equity and liabilities | 10/49 | €6,578,068 | €6,976,821 | +€398,753 | +6.1% |
| Equity | 10/15 | €4,923,365 | €4,971,416 | +€48,052 | +1.0% |
| Contributions | 10/11 | €1,090,100 | €1,090,100 | = | 0.0% |
| Capital | 10 | €1,090,100 | €1,090,100 | = | 0.0% |
| Issued capital | 100 | €1,090,100 | €1,090,100 | = | 0.0% |
| Reserves | 13 | €109,010 | €109,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €109,010 | €109,010 | = | 0.0% |
| Legal reserve | 130 | €109,010 | €109,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,724,255 | €3,772,306 | +€48,052 | +1.3% |
| Amounts payable | 17/49 | €1,654,704 | €2,005,404 | +€350,701 | +21.2% |
| Amounts payable after more than one year | 17 | €94,200 | €94,200 | = | 0.0% |
| Financial debts | 170/4 | €94,200 | €94,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,560,504 | €1,891,146 | +€330,642 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €1,018,065 | €1,147,806 | +€129,742 | +12.7% |
| Trade debts | 44 | €28,702 | €124,108 | +€95,406 | +332% |
| Suppliers | 440/4 | €28,702 | €124,108 | +€95,406 | +332% |
| Advances received on contracts in progress | 46 | - | €106,639 | +€106,639 | |
| Taxes, remuneration and social security | 45 | €160,990 | €74,343 | -€86,646 | -53.8% |
| Taxes | 450/3 | €160,990 | €74,343 | -€86,646 | -53.8% |
| Other amounts payable | 47/48 | €352,748 | €438,249 | +€85,502 | +24.2% |
| Accrued charges and deferred income | 492/3 | - | €20,059 | +€20,059 | |
| Remuneration, social security and pensions | 62 | - | €12,243 | +€12,243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,583 | €95,581 | +€10,998 | +13.0% |
| Other operating charges | 640/8 | €2,224 | €96,371 | +€94,147 | +4,234% |
| Non-recurring operating charges | 66A | - | €18,805 | +€18,805 | |
| Gross operating margin | 9900 | €571,206 | €442,736 | -€128,470 | -22.5% |
| Operating profit (loss) | 9901 | €484,399 | €219,735 | -€264,664 | -54.6% |
| Financial income | 75/76B | €1,030,273 | €26,736 | -€1.0m | -97.4% |
| Recurring financial income | 75 | €1,030,273 | €26,736 | -€1.0m | -97.4% |
| Financial charges | 65/66B | €2,346 | €148,971 | +€146,626 | +6,250% |
| Recurring financial charges | 65 | €2,346 | €148,759 | +€146,413 | +6,241% |
| Non-recurring financial charges | 66B | - | €213 | +€213 | |
| Profit (loss) for the period before taxes | 9903 | €1,512,326 | €97,500 | -€1.4m | -93.6% |
| Income taxes | 67/77 | €136,263 | €49,448 | -€86,814 | -63.7% |
| Profit (loss) for the period | 9904 | €1,376,064 | €48,052 | -€1.3m | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,376,064 | €48,052 | -€1.3m | -96.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.