NEPTUNE TECHNICS: what changed
Two fiscal 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 TECHNICS
Largest movements
- Receivables within one year +€208,329
up €208,329 (+98.7%), from €211,136 to €419,465
of which Trade receivables: +€206,608
- Tangible fixed assets -€107,879
down €107,879 (-6.2%), from €1.7m to €1.6m
of which Assets under construction and advance payments: -€60,783
- Cash -€71,138
no longer reported in 2025 (was €71,138)
mainly Receivables within one year (-€208,329) and Debts after one year (-€115,032)
- Stocks and contracts +€64,586
up €64,586 (+26.3%), from €245,625 to €310,211
of which Stocks: +€43,700
- Debts after one year -€115,032
down €115,032 (-9.0%), from €1.3m to €1.2m
of which Financial debts: -€115,032
- Trade debts +€93,824
up €93,824 (+52.1%), from €180,117 to €273,940
- Short-term financial debts +€53,327
up €53,327 (+33.9%), from €157,500 to €210,827
- Profit (loss) carried forward +€33,707
up €33,707, from -€22,405 to €11,302
- Gross operating margin +€58,596
up €58,596 (+17.3%), from €338,992 to €397,589
- Financial income +€10,005
up €10,005 (+122.0%), from €8,203 to €18,208
- Other operating charges +€5,740
up €5,740 (+451.0%), from €1,273 to €7,013
- Financial charges +€4,107
up €4,107 (+11.5%), from €35,584 to €39,690
of which Financial charges: +€4,070
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 | €2,285,933 | €2,371,965 | +€86,032 | +3.8% |
| Fixed assets | 21/28 | €1,746,846 | €1,636,967 | -€109,879 | -6.3% |
| Tangible fixed assets | 22/27 | €1,744,483 | €1,636,604 | -€107,879 | -6.2% |
| Land and buildings | 22 | €468,235 | €443,345 | -€24,889 | -5.3% |
| Plant, machinery and equipment | 23 | €50,057 | €26,472 | -€23,585 | -47.1% |
| Furniture and vehicles | 24 | €55,798 | €57,373 | +€1,575 | +2.8% |
| Other tangible fixed assets | 26 | €590 | €394 | -€197 | -33.3% |
| Assets under construction and advance payments | 27 | €1,169,802 | €1,109,019 | -€60,783 | -5.2% |
| Financial fixed assets | 28 | €2,363 | €363 | -€2,000 | -84.6% |
| Current assets | 29/58 | €539,087 | €734,998 | +€195,911 | +36.3% |
| Stocks and contracts in progress | 3 | €245,625 | €310,211 | +€64,586 | +26.3% |
| Stocks | 30/36 | €245,625 | €289,325 | +€43,700 | +17.8% |
| Contracts in progress | 37 | - | €20,886 | +€20,886 | |
| Amounts receivable within one year | 40/41 | €211,136 | €419,465 | +€208,329 | +98.7% |
| Trade receivables | 40 | €124,736 | €331,344 | +€206,608 | +165.6% |
| Other amounts receivable | 41 | €86,400 | €88,122 | +€1,722 | +2.0% |
| Cash at bank and in hand | 54/58 | €71,138 | - | -€71,138 | |
| Deferred charges and accrued income | 490/1 | €11,188 | €5,322 | -€5,866 | -52.4% |
| Total equity and liabilities | 10/49 | €2,285,933 | €2,371,965 | +€86,032 | +3.8% |
| Equity | 10/15 | €185,144 | €210,651 | +€25,507 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,426 | €49,426 | = | 0.0% |
| Distributable reserves | 133 | €49,426 | €49,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,405 | €11,302 | +€33,707 | |
| Investment grants | 15 | €139,523 | €131,323 | -€8,200 | -5.9% |
| Amounts payable | 17/49 | €2,100,789 | €2,161,315 | +€60,525 | +2.9% |
| Amounts payable after more than one year | 17 | €1,275,143 | €1,160,112 | -€115,032 | -9.0% |
| Financial debts | 170/4 | €1,273,943 | €1,158,912 | -€115,032 | -9.0% |
| Other amounts payable | 178/9 | €1,200 | €1,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €824,157 | €1,001,203 | +€177,046 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €99,180 | €116,747 | +€17,566 | +17.7% |
| Financial debts | 43 | €157,500 | €210,827 | +€53,327 | +33.9% |
| Credit institutions | 430/8 | €157,500 | €210,827 | +€53,327 | +33.9% |
| Trade debts | 44 | €180,117 | €273,940 | +€93,824 | +52.1% |
| Suppliers | 440/4 | €180,117 | €273,940 | +€93,824 | +52.1% |
| Taxes, remuneration and social security | 45 | €47,433 | €69,538 | +€22,105 | +46.6% |
| Taxes | 450/3 | €6,437 | €9,119 | +€2,681 | +41.7% |
| Remuneration and social security | 454/9 | €40,996 | €60,419 | +€19,424 | +47.4% |
| Other amounts payable | 47/48 | €339,927 | €330,151 | -€9,777 | -2.9% |
| Accrued charges and deferred income | 492/3 | €1,489 | - | -€1,489 | |
| Remuneration, social security and pensions | 62 | €210,624 | €211,826 | +€1,202 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,120 | €123,561 | +€1,441 | +1.2% |
| Other operating charges | 640/8 | €1,273 | €7,013 | +€5,740 | +451.0% |
| Gross operating margin | 9900 | €338,992 | €397,589 | +€58,596 | +17.3% |
| Operating profit (loss) | 9901 | €4,975 | €55,189 | +€50,214 | +1009.3% |
| Financial income | 75/76B | €8,203 | €18,208 | +€10,005 | +122.0% |
| Recurring financial income | 75 | €8,203 | €18,208 | +€10,005 | +122.0% |
| Financial charges | 65/66B | €35,584 | €39,690 | +€4,107 | +11.5% |
| Recurring financial charges | 65 | €35,584 | €39,654 | +€4,070 | +11.4% |
| Non-recurring financial charges | 66B | - | €37 | +€37 | |
| Profit (loss) for the period before taxes | 9903 | -€22,405 | €33,707 | +€56,112 | |
| Profit (loss) for the period | 9904 | -€22,405 | €33,707 | +€56,112 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,405 | €33,707 | +€56,112 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.