NEPTUNE IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€44,206
down €44,206 (-8.7%), from €510,858 to €466,652
of which Land and buildings: -€40,652
- Other debts -€24,000
down €24,000 (-10.0%), from €240,800 to €216,800
- Debts after one year -€23,834
down €23,834 (-15.1%), from €157,735 to €133,900
of which Financial debts: -€23,834
- Profit (loss) carried forward +€15,362
up €15,362 (+17.6%), from -€87,363 to -€72,000
- Reserves -€8,022
down €8,022 (-10.0%), from €80,540 to €72,518
- Gross operating margin +€7,764
up €7,764 (+15.8%), from €49,081 to €56,845
- Purchases and services +€3,236
up €3,236 (+65.8%), from €4,919 to €8,155
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.
Cash bridge derived
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 | €519,710 | €475,249 | -€44,461 | -8.6% |
| Fixed assets | 21/28 | €511,658 | €467,452 | -€44,206 | -8.6% |
| Tangible fixed assets | 22/27 | €510,858 | €466,652 | -€44,206 | -8.7% |
| Land and buildings | 22 | €497,133 | €456,481 | -€40,652 | -8.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €13,726 | €10,171 | -€3,554 | -25.9% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €8,052 | €7,797 | -€255 | -3.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €6,802 | €7,797 | +€995 | +14.6% |
| Deferred charges and accrued income | 490/1 | €1,250 | €0 | -€1,250 | -100.0% |
| Total equity and liabilities | 10/49 | €519,710 | €475,249 | -€44,461 | -8.6% |
| Equity | 10/15 | €55,677 | €63,018 | +€7,341 | +13.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €80,540 | €72,518 | -€8,022 | -10.0% |
| Tax-exempt reserves | 132 | €80,540 | €72,518 | -€8,022 | -10.0% |
| Profit (loss) carried forward | 14 | -€87,363 | -€72,000 | +€15,362 | +17.6% |
| Provisions and deferred taxes | 16 | €41,466 | €37,336 | -€4,130 | -10.0% |
| Deferred taxes | 168 | €41,466 | €37,336 | -€4,130 | -10.0% |
| Amounts payable | 17/49 | €422,566 | €374,895 | -€47,671 | -11.3% |
| Amounts payable after more than one year | 17 | €157,735 | €133,900 | -€23,834 | -15.1% |
| Financial debts | 170/4 | €153,735 | €129,900 | -€23,834 | -15.5% |
| Other amounts payable | 178/9 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €264,832 | €240,995 | -€23,837 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €24,032 | €24,195 | +€163 | +0.7% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €240,800 | €216,800 | -€24,000 | -10.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,919 | €8,155 | +€3,236 | +65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,206 | €44,206 | = | 0.0% |
| Other operating charges | 640/8 | €5,130 | €4,787 | -€343 | -6.7% |
| Gross operating margin | 9900 | €49,081 | €56,845 | +€7,764 | +15.8% |
| Operating profit (loss) | 9901 | -€254 | €7,852 | +€8,106 | |
| Financial income | 75/76B | €1 | €1 | +€1 | +143.9% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +143.9% |
| Financial charges | 65/66B | €4,329 | €4,643 | +€314 | +7.3% |
| Recurring financial charges | 65 | €4,329 | €4,643 | +€314 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,582 | €3,211 | +€7,793 | |
| Transfer from deferred taxes | 780 | €4,130 | €4,130 | = | 0.0% |
| Income taxes | 67/77 | €0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€452 | €7,341 | +€7,793 | |
| Transfer from tax-exempt reserves | 789 | €8,022 | €8,022 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,570 | €15,362 | +€7,793 | +102.9% |
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 11 October 2026 via checked.be.