NEUDT V: 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.
NEUDT V
Largest movements
- Cash +€47,409
up €47,409 (+176%), from €26,865 to €74,274
mainly Other debts (+€174,481) and Net result for the year (+€52,256)
- Financial fixed assets +€14,881
up €14,881 (+9.7%), from €152,777 to €167,658
- Tangible fixed assets -€6,387
down €6,387 (-20.6%), from €30,934 to €24,547
of which Furniture and vehicles: -€6,201
- Other debts +€174,481
up €174,481 (+528%), from €33,046 to €207,526
- Reserves -€146,000
down €146,000 (-73.0%), from €200,000 to €54,000
- Tax, wage and social debts +€28,222
up €28,222 (+684%), from €4,124 to €32,347
- Gross operating margin -€14,349
down €14,349 (-15.1%), from €94,742 to €80,393
- Depreciation +€4,939
up €4,939 (+341%), from €1,447 to €6,387
- Taxes -€4,444
down €4,444 (-19.3%), from €23,026 to €18,582
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 | €245,204 | €299,980 | +€54,776 | +22.3% |
| Fixed assets | 21/28 | €183,710 | €192,205 | +€8,495 | +4.6% |
| Tangible fixed assets | 22/27 | €30,934 | €24,547 | -€6,387 | -20.6% |
| Land and buildings | 22 | €1,191 | €1,006 | -€186 | -15.6% |
| Furniture and vehicles | 24 | €29,743 | €23,542 | -€6,201 | -20.8% |
| Financial fixed assets | 28 | €152,777 | €167,658 | +€14,881 | +9.7% |
| Current assets | 29/58 | €61,493 | €107,774 | +€46,281 | +75.3% |
| Amounts receivable within one year | 40/41 | €33,782 | €32,418 | -€1,364 | -4.0% |
| Trade receivables | 40 | €33,778 | €31,000 | -€2,778 | -8.2% |
| Other amounts receivable | 41 | €4 | €1,418 | +€1,413 | +31,759% |
| Cash at bank and in hand | 54/58 | €26,865 | €74,274 | +€47,409 | +176% |
| Deferred charges and accrued income | 490/1 | €846 | €1,083 | +€236 | +27.9% |
| Total equity and liabilities | 10/49 | €245,204 | €299,980 | +€54,776 | +22.3% |
| Equity | 10/15 | €206,903 | €59,159 | -€147,744 | -71.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €200,000 | €54,000 | -€146,000 | -73.0% |
| Distributable reserves | 133 | €200,000 | €54,000 | -€146,000 | -73.0% |
| Profit (loss) carried forward | 14 | €1,903 | €159 | -€1,744 | -91.7% |
| Amounts payable | 17/49 | €38,300 | €240,821 | +€202,520 | +529% |
| Amounts payable within one year | 42/48 | €38,188 | €240,821 | +€202,633 | +531% |
| Trade debts | 44 | €1,018 | €948 | -€70 | -6.8% |
| Suppliers | 440/4 | €1,018 | €948 | -€70 | -6.8% |
| Taxes, remuneration and social security | 45 | €4,124 | €32,347 | +€28,222 | +684% |
| Taxes | 450/3 | €4,124 | €32,347 | +€28,222 | +684% |
| Other amounts payable | 47/48 | €33,046 | €207,526 | +€174,481 | +528% |
| Accrued charges and deferred income | 492/3 | €113 | €0 | -€113 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,447 | €6,387 | +€4,939 | +341% |
| Other operating charges | 640/8 | €1,151 | €797 | -€354 | -30.8% |
| Gross operating margin | 9900 | €94,742 | €80,393 | -€14,349 | -15.1% |
| Operating profit (loss) | 9901 | €92,144 | €73,210 | -€18,934 | -20.5% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,357 | €2,374 | +€17 | +0.7% |
| Recurring financial charges | 65 | €2,357 | €2,374 | +€17 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €89,787 | €70,838 | -€18,949 | -21.1% |
| Income taxes | 67/77 | €23,026 | €18,582 | -€4,444 | -19.3% |
| Profit (loss) for the period | 9904 | €66,760 | €52,256 | -€14,505 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,760 | €52,256 | -€14,505 | -21.7% |
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 24 October 2026 via checked.be.