NEUMAC: 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.
NEUMAC
Largest movements
- Cash +€105,188
up €105,188 (+33.6%), from €313,205 to €418,393
mainly Trade debts (+€113,977) and Receivables within one year (+€90,553)
- Receivables within one year -€90,553
down €90,553 (-67.1%), from €135,014 to €44,462
of which Trade receivables: -€49,702
- Tangible fixed assets -€52,537
down €52,537 (-37.9%), from €138,465 to €85,928
of which Plant, machinery and equipment: -€52,213
- Stocks and contracts +€14,571
up €14,571 (+85.3%), from €17,080 to €31,651
- Deferred charges and accrued income +€12,216
up €12,216 (+62.6%), from €19,513 to €31,728
- Trade debts +€113,977
up €113,977 (+39.8%), from €286,247 to €400,225
- Other debts -€61,041
down €61,041 (-47.5%), from €128,421 to €67,380
- Profit (loss) carried forward -€50,169
down €50,169 (-86.5%), from -€57,994 to -€108,163
- Current portion of long-term debt -€33,999
down €33,999 (-63.3%), from €53,742 to €19,743
- Short-term financial debts +€19,390
up €19,390 (+68.9%), from €28,128 to €47,519
- Staff costs -€17,309
down €17,309 (-1.4%), from €1.2m to €1.2m
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 | €623,277 | €612,163 | -€11,115 | -1.8% |
| Fixed assets | 21/28 | €138,465 | €85,928 | -€52,537 | -37.9% |
| Tangible fixed assets | 22/27 | €138,465 | €85,928 | -€52,537 | -37.9% |
| Plant, machinery and equipment | 23 | €127,499 | €75,286 | -€52,213 | -41.0% |
| Furniture and vehicles | 24 | €3,142 | €5,075 | +€1,933 | +61.5% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | €7,824 | €5,567 | -€2,257 | -28.8% |
| Current assets | 29/58 | €484,812 | €526,234 | +€41,422 | +8.5% |
| Stocks and contracts in progress | 3 | €17,080 | €31,651 | +€14,571 | +85.3% |
| Stocks | 30/36 | €17,080 | €31,651 | +€14,571 | +85.3% |
| Amounts receivable within one year | 40/41 | €135,014 | €44,462 | -€90,553 | -67.1% |
| Trade receivables | 40 | €60,378 | €10,676 | -€49,702 | -82.3% |
| Other amounts receivable | 41 | €74,636 | €33,785 | -€40,851 | -54.7% |
| Cash at bank and in hand | 54/58 | €313,205 | €418,393 | +€105,188 | +33.6% |
| Deferred charges and accrued income | 490/1 | €19,513 | €31,728 | +€12,216 | +62.6% |
| Total equity and liabilities | 10/49 | €623,277 | €612,163 | -€11,115 | -1.8% |
| Equity | 10/15 | -€17,092 | -€67,261 | -€50,169 | -293.5% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,994 | -€108,163 | -€50,169 | -86.5% |
| Amounts payable | 17/49 | €640,369 | €679,423 | +€39,054 | +6.1% |
| Amounts payable after more than one year | 17 | €15,940 | - | -€15,940 | |
| Financial debts | 170/4 | €15,940 | - | -€15,940 | |
| Amounts payable within one year | 42/48 | €624,429 | €661,854 | +€37,425 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €53,742 | €19,743 | -€33,999 | -63.3% |
| Financial debts | 43 | €28,128 | €47,519 | +€19,390 | +68.9% |
| Credit institutions | 430/8 | €28,128 | €47,519 | +€19,390 | +68.9% |
| Trade debts | 44 | €286,247 | €400,225 | +€113,977 | +39.8% |
| Suppliers | 440/4 | €286,247 | €400,225 | +€113,977 | +39.8% |
| Taxes, remuneration and social security | 45 | €127,890 | €126,988 | -€902 | -0.7% |
| Taxes | 450/3 | €34 | €439 | +€405 | +1191.3% |
| Remuneration and social security | 454/9 | €127,856 | €126,548 | -€1,308 | -1.0% |
| Other amounts payable | 47/48 | €128,421 | €67,380 | -€61,041 | -47.5% |
| Accrued charges and deferred income | 492/3 | - | €17,569 | +€17,569 | |
| Remuneration, social security and pensions | 62 | €1,231,332 | €1,214,023 | -€17,309 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,924 | €67,756 | +€832 | +1.2% |
| Other operating charges | 640/8 | €9,033 | €7,565 | -€1,468 | -16.3% |
| Gross operating margin | 9900 | €1,270,477 | €1,269,413 | -€1,064 | -0.1% |
| Operating profit (loss) | 9901 | -€36,813 | -€19,931 | +€16,881 | +45.9% |
| Financial income | 75/76B | €895 | €1,561 | +€666 | +74.4% |
| Recurring financial income | 75 | €895 | €1,561 | +€666 | +74.4% |
| Financial charges | 65/66B | €28,788 | €26,673 | -€2,115 | -7.3% |
| Recurring financial charges | 65 | €28,788 | €26,673 | -€2,115 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€64,706 | -€45,043 | +€19,662 | +30.4% |
| Income taxes | 67/77 | €160 | €5,126 | +€4,966 | +3103.7% |
| Profit (loss) for the period | 9904 | -€64,866 | -€50,169 | +€14,697 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,866 | -€50,169 | +€14,697 | +22.7% |
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 5 October 2026 via checked.be.