NEURAUTER: what changed
What changed
NEURAUTER
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
€74,921
2024 · €83,997-€9,077
Equity
€931,675
2024 · €856,754+€74,921
Cash
€36,797
2024 · €31+€36,765
Balance sheet total
€1.8m
2024 · €2.1m-€213,196
Largest movements
Assets
- Tangible fixed assets -€245,279
down €245,279 (-15.9%), from €1.5m to €1.3m
of which Leasing and similar rights: -€192,965
- Cash +€36,765
up €36,765 (+117,087%), from €31 to €36,797
mainly Depreciation (+€325,076) and Net result for the year (+€74,921)
- Receivables within one year -€32,924
down €32,924 (-6.5%), from €503,684 to €470,760
of which Trade receivables: -€130,346
- Deferred charges and accrued income +€22,242
up €22,242 (+1,016%), from €2,189 to €24,431
Equity and liabilities
- Debts after one year -€284,462
down €284,462 (-40.7%), from €699,140 to €414,678
- Reserves +€74,900
up €74,900 (+16.7%), from €449,272 to €524,172
- Tax, wage and social debts -€46,194
down €46,194 (-74.9%), from €61,698 to €15,504
of which Taxes: -€37,829
- Trade debts +€42,817
up €42,817 (+96.4%), from €44,426 to €87,243
- Current portion of long-term debt -€33,277
down €33,277 (-8.6%), from €384,913 to €351,636
Income statement
- Gross operating margin -€128,326
down €128,326 (-12.8%), from €1.0m to €871,881
- Staff costs -€77,385
down €77,385 (-15.9%), from €485,372 to €407,987
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€83,997
Gross operating margin
-€128,326
Staff costs
+€77,385
Depreciation
+€8,216
Other operating charges
+€4,260
Other operating items
+€10,621
Financial income
+€4,778
Financial charges
+€7,416
Taxes
+€6,573
Result 2025
€74,921
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€407,301
Investment
-€85,797
Financing
-€284,739
Cash 2024
€31
From operations (derived)
+€407,301
Net result for the year
+€74,921
Depreciation
+€325,076
Receivables within one year
+€32,924
Deferred charges and accrued income
-€22,242
Trade debts
+€42,817
Tax, wage and social debts
-€46,194
Investment (derived)
-€85,797
Investment in fixed assets (net)
-€85,797
Financing
-€284,739
Debts after one year
-€284,462
Current portion of long-term debt
-€33,277
Short-term financial debts
+€33,000
Cash 2025
€36,797
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,053,930 | €1,840,734 | -€213,196 | -10.4% |
| Fixed assets | 21/28 | €1,548,026 | €1,308,747 | -€239,279 | -15.5% |
| Tangible fixed assets | 22/27 | €1,544,860 | €1,299,581 | -€245,279 | -15.9% |
| Land and buildings | 22 | €306,821 | €290,923 | -€15,898 | -5.2% |
| Plant, machinery and equipment | 23 | €23,268 | €12,575 | -€10,693 | -46.0% |
| Furniture and vehicles | 24 | €101,470 | €75,747 | -€25,723 | -25.4% |
| Leasing and similar rights | 25 | €1,113,300 | €920,335 | -€192,965 | -17.3% |
| Financial fixed assets | 28 | €3,166 | €9,166 | +€6,000 | +190% |
| Current assets | 29/58 | €505,904 | €531,987 | +€26,083 | +5.2% |
| Amounts receivable within one year | 40/41 | €503,684 | €470,760 | -€32,924 | -6.5% |
| Trade receivables | 40 | €276,575 | €146,230 | -€130,346 | -47.1% |
| Other amounts receivable | 41 | €227,109 | €324,530 | +€97,421 | +42.9% |
| Cash at bank and in hand | 54/58 | €31 | €36,797 | +€36,765 | +117,087% |
| Deferred charges and accrued income | 490/1 | €2,189 | €24,431 | +€22,242 | +1,016% |
| Total equity and liabilities | 10/49 | €2,053,930 | €1,840,734 | -€213,196 | -10.4% |
| Equity | 10/15 | €856,754 | €931,675 | +€74,921 | +8.7% |
| Contributions | 10/11 | €24,130 | €24,130 | = | 0.0% |
| Reserves | 13 | €449,272 | €524,172 | +€74,900 | +16.7% |
| Distributable reserves | 133 | €449,272 | €524,172 | +€74,900 | +16.7% |
| Profit (loss) carried forward | 14 | €383,352 | €383,373 | +€21 | 0.0% |
| Amounts payable | 17/49 | €1,197,176 | €909,059 | -€288,117 | -24.1% |
| Amounts payable after more than one year | 17 | €699,140 | €414,678 | -€284,462 | -40.7% |
| Financial debts | 170/4 | €699,140 | €414,678 | -€284,462 | -40.7% |
| Amounts payable within one year | 42/48 | €498,036 | €494,382 | -€3,655 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €384,913 | €351,636 | -€33,277 | -8.6% |
| Financial debts | 43 | €7,000 | €40,000 | +€33,000 | +471% |
| Credit institutions | 430/8 | €7,000 | €40,000 | +€33,000 | +471% |
| Trade debts | 44 | €44,426 | €87,243 | +€42,817 | +96.4% |
| Suppliers | 440/4 | €44,426 | €87,243 | +€42,817 | +96.4% |
| Taxes, remuneration and social security | 45 | €61,698 | €15,504 | -€46,194 | -74.9% |
| Taxes | 450/3 | €42,733 | €4,904 | -€37,829 | -88.5% |
| Remuneration and social security | 454/9 | €18,964 | €10,600 | -€8,365 | -44.1% |
| Remuneration, social security and pensions | 62 | €485,372 | €407,987 | -€77,385 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333,292 | €325,076 | -€8,216 | -2.5% |
| Other operating charges | 640/8 | €11,955 | €7,695 | -€4,260 | -35.6% |
| Non-recurring operating charges | 66A | €10,621 | - | -€10,621 | |
| Gross operating margin | 9900 | €1,000,207 | €871,881 | -€128,326 | -12.8% |
| Operating profit (loss) | 9901 | €158,966 | €131,123 | -€27,844 | -17.5% |
| Financial income | 75/76B | €210 | €4,988 | +€4,778 | +2,280% |
| Recurring financial income | 75 | €210 | €1,488 | +€1,278 | +610% |
| Non-recurring financial income | 76B | - | €3,500 | +€3,500 | |
| Financial charges | 65/66B | €40,788 | €33,372 | -€7,416 | -18.2% |
| Recurring financial charges | 65 | €40,788 | €33,372 | -€7,416 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €118,388 | €102,738 | -€15,650 | -13.2% |
| Income taxes | 67/77 | €34,390 | €27,817 | -€6,573 | -19.1% |
| Profit (loss) for the period | 9904 | €83,997 | €74,921 | -€9,077 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,997 | €74,921 | -€9,077 | -10.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.