NEURO: 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.
NEURO
Largest movements
- Cash -€79,405
down €79,405 (-20.5%), from €386,413 to €307,008
mainly Net result for the year (-€95,605) and Provisions (-€79,407)
- Tangible fixed assets +€32,866
up €32,866 (+8.0%), from €409,334 to €442,200
of which Land and buildings: +€30,510
- Receivables within one year -€11,728
down €11,728 (-87.9%), from €13,342 to €1,615
of which Trade receivables: -€11,158
- Reserves -€154,143
down €154,143 (-49.5%), from €311,115 to €156,973
of which Tax-exempt reserves: -€154,143
- Profit (loss) carried forward +€137,944
up €137,944 (+43.0%), from €320,620 to €458,564
- Provisions -€79,407
no longer reported in 2025 (was €79,407)
- Tax, wage and social debts +€30,919
up €30,919 (+220.5%), from €14,023 to €44,941
- Other debts +€11,947
up €11,947 (+23.8%), from €50,145 to €62,092
- Gross operating margin -€184,078
down €184,078, from €156,055 to -€28,023
- Taxes +€17,334
up €17,334 (+125.3%), from €13,829 to €31,163
- Other operating charges +€5,385
new in 2025: €5,385
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 | €814,475 | €751,429 | -€63,046 | -7.7% |
| Fixed assets | 21/28 | €409,334 | €442,200 | +€32,866 | +8.0% |
| Tangible fixed assets | 22/27 | €409,334 | €442,200 | +€32,866 | +8.0% |
| Land and buildings | 22 | €405,798 | €436,309 | +€30,510 | +7.5% |
| Furniture and vehicles | 24 | €3,536 | €5,891 | +€2,356 | +66.6% |
| Current assets | 29/58 | €405,140 | €309,228 | -€95,912 | -23.7% |
| Amounts receivable within one year | 40/41 | €13,342 | €1,615 | -€11,728 | -87.9% |
| Trade receivables | 40 | €12,619 | €1,461 | -€11,158 | -88.4% |
| Other amounts receivable | 41 | €723 | €153 | -€570 | -78.8% |
| Cash at bank and in hand | 54/58 | €386,413 | €307,008 | -€79,405 | -20.5% |
| Deferred charges and accrued income | 490/1 | €5,385 | €606 | -€4,779 | -88.7% |
| Total equity and liabilities | 10/49 | €814,475 | €751,429 | -€63,046 | -7.7% |
| Equity | 10/15 | €650,335 | €634,137 | -€16,198 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €311,115 | €156,973 | -€154,143 | -49.5% |
| Tax-exempt reserves | 132 | €172,893 | €18,750 | -€154,143 | -89.2% |
| Distributable reserves | 133 | €138,223 | €138,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | €320,620 | €458,564 | +€137,944 | +43.0% |
| Provisions and deferred taxes | 16 | €79,407 | - | -€79,407 | |
| Deferred taxes | 168 | €79,407 | - | -€79,407 | |
| Amounts payable | 17/49 | €84,733 | €117,292 | +€32,559 | +38.4% |
| Amounts payable within one year | 42/48 | €80,898 | €113,349 | +€32,451 | +40.1% |
| Trade debts | 44 | €16,730 | €6,316 | -€10,414 | -62.2% |
| Suppliers | 440/4 | €16,730 | €6,316 | -€10,414 | -62.2% |
| Taxes, remuneration and social security | 45 | €14,023 | €44,941 | +€30,919 | +220.5% |
| Taxes | 450/3 | €14,023 | €44,941 | +€30,919 | +220.5% |
| Other amounts payable | 47/48 | €50,145 | €62,092 | +€11,947 | +23.8% |
| Accrued charges and deferred income | 492/3 | €3,835 | €3,943 | +€108 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,864 | €27,864 | +€0 | 0.0% |
| Other operating charges | 640/8 | - | €5,385 | +€5,385 | |
| Gross operating margin | 9900 | €156,055 | -€28,023 | -€184,078 | |
| Operating profit (loss) | 9901 | €128,191 | -€61,272 | -€189,464 | |
| Financial income | 75/76B | €257 | €1,205 | +€948 | +368.8% |
| Recurring financial income | 75 | €257 | €1,205 | +€948 | +368.8% |
| Financial charges | 65/66B | €4,200 | €4,375 | +€175 | +4.2% |
| Recurring financial charges | 65 | €4,200 | €4,375 | +€175 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €124,248 | -€64,442 | -€188,690 | |
| Income taxes | 67/77 | €13,829 | €31,163 | +€17,334 | +125.3% |
| Profit (loss) for the period | 9904 | €110,419 | -€95,605 | -€206,024 | |
| Transfer from tax-exempt reserves | 789 | - | €233,549 | +€233,549 | |
| Profit (loss) for the period to be appropriated | 9905 | €110,419 | €137,944 | +€27,525 | +24.9% |
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 10 October 2026 via checked.be.