NEURO VDH: 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 VDH
Largest movements
- Receivables within one year +€76,356
up €76,356 (+19.4%), from €394,380 to €470,736
of which Trade receivables: +€76,078
- Profit (loss) carried forward +€40,500
up €40,500 (+11.3%), from €357,325 to €397,824
- Trade debts +€19,876
up €19,876 (+486%), from €4,086 to €23,962
- Other debts +€11,041
new in 2025: €11,041
- Turnover -€157,225
no longer reported in 2025 (was €157,225)
- Gross operating margin -€64,690
down €64,690 (-75.4%), from €85,767 to €21,076
- Taxes -€30,797
no longer reported in 2025 (was €30,797)
- Purchases and services -€27,432
down €27,432 (-35.6%), from €77,044 to €49,612
- Depreciation -€7,063
down €7,063 (-99.6%), from €7,089 to €26
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €440,449 | €510,569 | +€70,120 | +15.9% |
| Fixed assets | 21/28 | €6,066 | €1,429 | -€4,638 | -76.5% |
| Tangible fixed assets | 22/27 | €4,638 | - | -€4,638 | |
| Plant, machinery and equipment | 23 | €599 | - | -€599 | |
| Furniture and vehicles | 24 | €1,686 | - | -€1,686 | |
| Other tangible fixed assets | 26 | €2,354 | - | -€2,354 | |
| Financial fixed assets | 28 | €1,429 | €1,429 | = | 0.0% |
| Current assets | 29/58 | €434,383 | €509,140 | +€74,757 | +17.2% |
| Amounts receivable within one year | 40/41 | €394,380 | €470,736 | +€76,356 | +19.4% |
| Trade receivables | 40 | €329,678 | €405,756 | +€76,078 | +23.1% |
| Other amounts receivable | 41 | €64,701 | €64,979 | +€278 | +0.4% |
| Current investments | 50/53 | €1,468 | €1,468 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,535 | €35,799 | -€2,736 | -7.1% |
| Deferred charges and accrued income | 490/1 | - | €1,137 | +€1,137 | |
| Total equity and liabilities | 10/49 | €440,449 | €510,569 | +€70,120 | +15.9% |
| Equity | 10/15 | €423,916 | €464,416 | +€40,500 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,992 | €47,992 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,058 | €1,058 | = | 0.0% |
| Legal reserve | 130 | €1,058 | €1,058 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,934 | €13,184 | -€33,750 | -71.9% |
| Distributable reserves | 133 | - | €33,750 | +€33,750 | |
| Profit (loss) carried forward | 14 | €357,325 | €397,824 | +€40,500 | +11.3% |
| Amounts payable | 17/49 | €16,533 | €46,153 | +€29,620 | +179% |
| Amounts payable within one year | 42/48 | €16,533 | €46,153 | +€29,620 | +179% |
| Trade debts | 44 | €4,086 | €23,962 | +€19,876 | +486% |
| Suppliers | 440/4 | €4,086 | €23,962 | +€19,876 | +486% |
| Taxes, remuneration and social security | 45 | €12,447 | €11,149 | -€1,297 | -10.4% |
| Taxes | 450/3 | €12,447 | €11,149 | -€1,297 | -10.4% |
| Other amounts payable | 47/48 | - | €11,041 | +€11,041 | |
| Turnover | 70 | €157,225 | - | -€157,225 | |
| Goods, raw materials, services and sundry goods | 60/61 | €77,044 | €49,612 | -€27,432 | -35.6% |
| Remuneration, social security and pensions | 62 | - | €1,280 | +€1,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,089 | €26 | -€7,063 | -99.6% |
| Other operating charges | 640/8 | €818 | €291 | -€527 | -64.4% |
| Gross operating margin | 9900 | €85,767 | €21,076 | -€64,690 | -75.4% |
| Operating profit (loss) | 9901 | €77,860 | €19,480 | -€58,380 | -75.0% |
| Financial charges | 65/66B | €90 | €98 | +€8 | +9.2% |
| Recurring financial charges | 65 | €90 | €98 | +€8 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €77,770 | €19,382 | -€58,389 | -75.1% |
| Income taxes | 67/77 | €30,797 | - | -€30,797 | |
| Profit (loss) for the period | 9904 | €46,974 | €19,382 | -€27,592 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,974 | €19,382 | -€27,592 | -58.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.