NEPTUNUS GROEP: 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.
NEPTUNUS GROEP
Largest movements
- Receivables within one year -€2,658
down €2,658 (-43.9%), from €6,060 to €3,402
of which Trade receivables: -€3,145
- Financial fixed assets -€1,056
down €1,056 (-47.4%), from €2,229 to €1,174
- Tangible fixed assets -€900
down €900 (-70.6%), from €1,275 to €375
of which Plant, machinery and equipment: -€900
- Other debts +€9,934
up €9,934 (+42.5%), from €23,388 to €33,322
- Profit (loss) carried forward -€8,126
down €8,126 (-3.6%), from -€227,624 to -€235,750
- Trade debts -€6,595
down €6,595 (-64.4%), from €10,237 to €3,641
- Tax, wage and social debts +€206
up €206 (+8.3%), from €2,469 to €2,675
of which Taxes: +€137
- Gross operating margin +€2,050
up €2,050 (+25.9%), from -€7,922 to -€5,873
- Other operating charges -€503
down €503 (-39.9%), from €1,261 to €758
- Staff costs -€401
no longer reported in 2025 (was €401)
- Write-downs +€149
no longer reported in 2025 (was -€149)
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 | €10,614 | €6,033 | -€4,581 | -43.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €3,504 | €1,549 | -€1,956 | -55.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,275 | €375 | -€900 | -70.6% |
| Plant, machinery and equipment | 23 | €1,275 | €375 | -€900 | -70.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €2,229 | €1,174 | -€1,056 | -47.4% |
| Current assets | 29/58 | €7,109 | €4,484 | -€2,625 | -36.9% |
| Amounts receivable within one year | 40/41 | €6,060 | €3,402 | -€2,658 | -43.9% |
| Trade receivables | 40 | €3,145 | - | -€3,145 | |
| Other amounts receivable | 41 | €2,915 | €3,402 | +€487 | +16.7% |
| Cash at bank and in hand | 54/58 | €897 | €914 | +€17 | +1.8% |
| Deferred charges and accrued income | 490/1 | €152 | €168 | +€16 | +10.7% |
| Total equity and liabilities | 10/49 | €10,614 | €6,033 | -€4,581 | -43.2% |
| Equity | 10/15 | -€25,480 | -€33,606 | -€8,126 | -31.9% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €22,144 | €22,144 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,228 | €12,228 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,791 | €4,791 | = | 0.0% |
| Distributable reserves | 133 | €9,916 | €9,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€227,624 | -€235,750 | -€8,126 | -3.6% |
| Amounts payable | 17/49 | €36,094 | €39,639 | +€3,545 | +9.8% |
| Amounts payable within one year | 42/48 | €36,094 | €39,639 | +€3,545 | +9.8% |
| Trade debts | 44 | €10,237 | €3,641 | -€6,595 | -64.4% |
| Suppliers | 440/4 | €10,237 | €3,641 | -€6,595 | -64.4% |
| Taxes, remuneration and social security | 45 | €2,469 | €2,675 | +€206 | +8.3% |
| Taxes | 450/3 | €283 | €420 | +€137 | +48.5% |
| Remuneration and social security | 454/9 | €2,186 | €2,255 | +€69 | +3.1% |
| Other amounts payable | 47/48 | €23,388 | €33,322 | +€9,934 | +42.5% |
| Remuneration, social security and pensions | 62 | €401 | - | -€401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €900 | €900 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€149 | - | +€149 | |
| Other operating charges | 640/8 | €1,261 | €758 | -€503 | -39.9% |
| Gross operating margin | 9900 | -€7,922 | -€5,873 | +€2,050 | +25.9% |
| Operating profit (loss) | 9901 | -€10,336 | -€7,530 | +€2,806 | +27.1% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €574 | €596 | +€22 | +3.9% |
| Recurring financial charges | 65 | €574 | €596 | +€22 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,901 | -€8,126 | +€2,775 | +25.5% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€10,902 | -€8,126 | +€2,776 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,902 | -€8,126 | +€2,776 | +25.5% |
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 30 October 2026 via checked.be.