NEURO-JMG: 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-JMG
Largest movements
- Receivables within one year +€75,182
up €75,182 (+8.7%), from €861,637 to €936,819
of which Trade receivables: +€70,368
- Cash +€31,146
up €31,146 (+28.7%), from €108,649 to €139,795
mainly Net result for the year (+€105,731) and Tax, wage and social debts (+€22,200)
- Tangible fixed assets -€11,291
down €11,291 (-26.8%), from €42,071 to €30,780
of which Furniture and vehicles: -€6,896
- Reserves +€105,730
up €105,730 (+19.8%), from €533,140 to €638,870
of which Distributable reserves: +€105,730
- Debts after one year -€29,175
down €29,175 (-26.3%), from €110,825 to €81,650
- Tax, wage and social debts +€22,200
up €22,200 (+49.5%), from €44,861 to €67,061
of which Taxes: +€21,772
- Gross operating margin +€71,429
up €71,429 (+31.4%), from €227,564 to €298,993
- Taxes +€18,475
up €18,475 (+57.3%), from €32,258 to €50,733
- Other operating charges +€15,803
up €15,803 (+882%), from €1,792 to €17,595
- Staff costs +€11,544
up €11,544 (+11.0%), from €105,046 to €116,590
- Financial income +€11,393
up €11,393 (+8,196%), from €139 to €11,532
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 | €1,017,357 | €1,112,394 | +€95,037 | +9.3% |
| Fixed assets | 21/28 | €47,071 | €35,780 | -€11,291 | -24.0% |
| Tangible fixed assets | 22/27 | €42,071 | €30,780 | -€11,291 | -26.8% |
| Land and buildings | 22 | €8,186 | €6,925 | -€1,261 | -15.4% |
| Plant, machinery and equipment | 23 | €5,205 | €2,071 | -€3,134 | -60.2% |
| Furniture and vehicles | 24 | €28,680 | €21,784 | -€6,896 | -24.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €970,286 | €1,076,614 | +€106,328 | +11.0% |
| Amounts receivable within one year | 40/41 | €861,637 | €936,819 | +€75,182 | +8.7% |
| Trade receivables | 40 | €134,431 | €204,799 | +€70,368 | +52.3% |
| Other amounts receivable | 41 | €727,206 | €732,020 | +€4,814 | +0.7% |
| Cash at bank and in hand | 54/58 | €108,649 | €139,795 | +€31,146 | +28.7% |
| Total equity and liabilities | 10/49 | €1,017,357 | €1,112,394 | +€95,037 | +9.3% |
| Equity | 10/15 | €765,607 | €871,338 | +€105,731 | +13.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €533,140 | €638,870 | +€105,730 | +19.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €531,280 | €637,010 | +€105,730 | +19.9% |
| Profit (loss) carried forward | 14 | €220,067 | €220,068 | +€1 | 0.0% |
| Amounts payable | 17/49 | €251,750 | €241,056 | -€10,694 | -4.2% |
| Amounts payable after more than one year | 17 | €110,825 | €81,650 | -€29,175 | -26.3% |
| Financial debts | 170/4 | €110,825 | €81,650 | -€29,175 | -26.3% |
| Amounts payable within one year | 42/48 | €140,925 | €159,406 | +€18,481 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €36,241 | €29,175 | -€7,066 | -19.5% |
| Financial debts | 43 | €8,334 | €13,756 | +€5,422 | +65.1% |
| Credit institutions | 430/8 | €8,334 | €13,756 | +€5,422 | +65.1% |
| Trade debts | 44 | €51,489 | €49,414 | -€2,075 | -4.0% |
| Suppliers | 440/4 | €51,489 | €49,414 | -€2,075 | -4.0% |
| Taxes, remuneration and social security | 45 | €44,861 | €67,061 | +€22,200 | +49.5% |
| Taxes | 450/3 | €25,624 | €47,396 | +€21,772 | +85.0% |
| Remuneration and social security | 454/9 | €19,237 | €19,665 | +€428 | +2.2% |
| Remuneration, social security and pensions | 62 | €105,046 | €116,590 | +€11,544 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,697 | €13,618 | +€1,921 | +16.4% |
| Other operating charges | 640/8 | €1,792 | €17,595 | +€15,803 | +882% |
| Gross operating margin | 9900 | €227,564 | €298,993 | +€71,429 | +31.4% |
| Operating profit (loss) | 9901 | €109,029 | €151,190 | +€42,161 | +38.7% |
| Financial income | 75/76B | €139 | €11,532 | +€11,393 | +8,196% |
| Recurring financial income | 75 | €139 | €11,532 | +€11,393 | +8,196% |
| Financial charges | 65/66B | €6,220 | €6,258 | +€38 | +0.6% |
| Recurring financial charges | 65 | €6,220 | €6,258 | +€38 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €102,948 | €156,464 | +€53,516 | +52.0% |
| Income taxes | 67/77 | €32,258 | €50,733 | +€18,475 | +57.3% |
| Profit (loss) for the period | 9904 | €70,690 | €105,731 | +€35,041 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,690 | €105,731 | +€35,041 | +49.6% |
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 20 October 2026 via checked.be.