NEPTUNESS: 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
NEPTUNESS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€14,534
2024 · €1.3m-€1.3m
Equity
€13.3m
2024 · €13.3m-€15,414
Cash
€38,199
2024 · €2,698+€35,500
Balance sheet total
€24.8m
2024 · €24.7m+€34,548
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€6.6m
new in 2025: €6.6m
- Debts after one year -€5.3m
down €5.3m (-54.7%), from €9.8m to €4.4m
- Current portion of long-term debt -€980,000
down €980,000 (-70.0%), from €1.4m to €420,000
Income statement
- Financial income -€1.6m
down €1.6m (-100%), from €1.6m to €0
- Financial charges -€296,071
down €296,071 (-65.4%), from €452,843 to €156,772
- Services and other goods +€31,201
up €31,201 (+511%), from €6,108 to €37,310
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
€1.3m
Services and other goods
-€31,201
Other operating charges
-€3
Financial income
-€1.6m
Financial charges
+€296,071
Result 2025
-€14,534
raises the resultlowers the result
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
+€6.4m
Investment
€0
Financing
-€6.3m
Cash 2024
€2,698
From operations (derived)
+€6.4m
Net result for the year
-€14,534
Smaller working-capital items
+€16,261
Tax, wage and social debts
-€71,418
Other debts
+€6.6m
Accrued charges and deferred income
-€172,454
Financing
-€6.3m
Debts after one year
-€5.3m
Current portion of long-term debt
-€980,000
Contributions, distributions and other
-€880
Cash 2025
€38,199
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,746,924 | €24,781,472 | +€34,548 | +0.1% |
| Fixed assets | 21/28 | €24,743,273 | €24,743,273 | = | 0.0% |
| Financial fixed assets | 28 | €24,743,273 | €24,743,273 | = | 0.0% |
| Affiliated companies | 280/1 | €24,743,273 | €24,743,273 | = | 0.0% |
| Participating interests | 280 | €24,743,273 | €24,743,273 | = | 0.0% |
| Current assets | 29/58 | €3,651 | €38,199 | +€34,548 | +946% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €952 | €0 | -€952 | -100% |
| Other amounts receivable | 41 | €952 | €0 | -€952 | -100% |
| Cash at bank and in hand | 54/58 | €2,698 | €38,199 | +€35,500 | +1,316% |
| Total equity and liabilities | 10/49 | €24,746,924 | €24,781,472 | +€34,548 | +0.1% |
| Equity | 10/15 | €13,329,414 | €13,314,000 | -€15,414 | -0.1% |
| Contributions | 10/11 | €11,000,000 | €11,000,000 | = | 0.0% |
| Reserves | 13 | €2,329,414 | €2,314,000 | -€15,414 | -0.7% |
| Distributable reserves | 133 | €2,329,414 | €2,314,000 | -€15,414 | -0.7% |
| Amounts payable | 17/49 | €11,417,510 | €11,467,472 | +€49,962 | +0.4% |
| Amounts payable after more than one year | 17 | €9,760,000 | €4,419,000 | -€5.3m | -54.7% |
| Financial debts | 170/4 | €9,760,000 | €4,419,000 | -€5.3m | -54.7% |
| Credit institutions | 173 | €5,860,000 | €4,419,000 | -€1.4m | -24.6% |
| Other loans | 174 | €3,900,000 | €0 | -€3.9m | -100% |
| Amounts payable within one year | 42/48 | €1,481,725 | €7,045,141 | +€5.6m | +375% |
| Current portion of amounts payable after more than one year | 42 | €1,400,000 | €420,000 | -€980,000 | -70.0% |
| Trade debts | 44 | €1,492 | €16,800 | +€15,308 | +1,026% |
| Suppliers | 440/4 | €1,492 | €16,800 | +€15,308 | +1,026% |
| Taxes, remuneration and social security | 45 | €80,233 | €8,815 | -€71,418 | -89.0% |
| Taxes | 450/3 | €80,233 | €8,815 | -€71,418 | -89.0% |
| Other amounts payable | 47/48 | - | €6,599,525 | +€6.6m | |
| Accrued charges and deferred income | 492/3 | €175,785 | €3,331 | -€172,454 | -98.1% |
| Operating income | 70/76A | €180,000 | €180,000 | = | 0.0% |
| Turnover | 70 | €180,000 | €180,000 | = | 0.0% |
| Operating charges | 60/66A | €6,558 | €37,762 | +€31,204 | +476% |
| Services and other goods | 61 | €6,108 | €37,310 | +€31,201 | +511% |
| Other operating charges | 640/8 | €449 | €452 | +€3 | +0.6% |
| Operating profit (loss) | 9901 | €173,442 | €142,238 | -€31,204 | -18.0% |
| Financial income | 75/76B | €1,600,000 | €0 | -€1.6m | -100% |
| Recurring financial income | 75 | €1,600,000 | €0 | -€1.6m | -100% |
| Income from financial fixed assets | 750 | €1,600,000 | €0 | -€1.6m | -100% |
| Financial charges | 65/66B | €452,843 | €156,772 | -€296,071 | -65.4% |
| Recurring financial charges | 65 | €452,843 | €156,772 | -€296,071 | -65.4% |
| Debt charges | 650 | €451,901 | €151,090 | -€300,811 | -66.6% |
| Other financial charges | 652/9 | €942 | €5,682 | +€4,740 | +503% |
| Profit (loss) for the period before taxes | 9903 | €1,320,599 | -€14,534 | -€1.3m | |
| Profit (loss) for the period | 9904 | €1,320,599 | -€14,534 | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,320,599 | -€14,534 | -€1.3m |
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 20 October 2026 via checked.be.