NEUROART: 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.
NEUROART
Largest movements
- Cash +€6,458
up €6,458 (+14.9%), from €43,289 to €49,747
mainly Net result for the year (+€21,232) and Depreciation (+€6,879)
- Receivables within one year +€1,795
new in 2025: €1,795
of which Trade receivables: +€1,151
- Reserves +€20,000
up €20,000 (+51.5%), from €38,855 to €58,855
- Trade debts -€5,338
down €5,338 (-44.4%), from €12,033 to €6,695
- Current portion of long-term debt -€3,755
down €3,755 (-74.3%), from €5,054 to €1,298
- Tax, wage and social debts -€2,486
down €2,486 (-90.6%), from €2,744 to €258
- Debts after one year -€1,298
no longer reported in 2025 (was €1,298)
- Depreciation +€2,274
up €2,274 (+49.4%), from €4,605 to €6,879
- Gross operating margin -€476
down €476 (-1.2%), from €39,592 to €39,116
- Financial charges -€452
down €452 (-28.1%), from €1,611 to €1,159
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 | €75,446 | €83,165 | +€7,718 | +10.2% |
| Fixed assets | 21/28 | €22,668 | €21,866 | -€802 | -3.5% |
| Tangible fixed assets | 22/27 | €21,699 | €20,896 | -€802 | -3.7% |
| Plant, machinery and equipment | 23 | €18,779 | €14,284 | -€4,495 | -23.9% |
| Furniture and vehicles | 24 | €2,920 | €6,612 | +€3,693 | +126% |
| Financial fixed assets | 28 | €969 | €969 | = | 0.0% |
| Current assets | 29/58 | €52,778 | €61,299 | +€8,521 | +16.1% |
| Amounts receivable within one year | 40/41 | - | €1,795 | +€1,795 | |
| Trade receivables | 40 | - | €1,151 | +€1,151 | |
| Other amounts receivable | 41 | - | €644 | +€644 | |
| Cash at bank and in hand | 54/58 | €43,289 | €49,747 | +€6,458 | +14.9% |
| Deferred charges and accrued income | 490/1 | €9,490 | €9,757 | +€267 | +2.8% |
| Total equity and liabilities | 10/49 | €75,446 | €83,165 | +€7,718 | +10.2% |
| Equity | 10/15 | €51,730 | €72,103 | +€20,373 | +39.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €38,855 | €58,855 | +€20,000 | +51.5% |
| Distributable reserves | 133 | €38,855 | €58,855 | +€20,000 | +51.5% |
| Profit (loss) carried forward | 14 | €475 | €848 | +€373 | +78.6% |
| Amounts payable | 17/49 | €23,716 | €11,062 | -€12,655 | -53.4% |
| Amounts payable after more than one year | 17 | €1,298 | - | -€1,298 | |
| Financial debts | 170/4 | €1,298 | - | -€1,298 | |
| Amounts payable within one year | 42/48 | €21,684 | €10,304 | -€11,380 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €5,054 | €1,298 | -€3,755 | -74.3% |
| Trade debts | 44 | €12,033 | €6,695 | -€5,338 | -44.4% |
| Suppliers | 440/4 | €12,033 | €6,695 | -€5,338 | -44.4% |
| Taxes, remuneration and social security | 45 | €2,744 | €258 | -€2,486 | -90.6% |
| Taxes | 450/3 | €2,744 | €258 | -€2,486 | -90.6% |
| Other amounts payable | 47/48 | €1,854 | €2,054 | +€200 | +10.8% |
| Accrued charges and deferred income | 492/3 | €734 | €757 | +€24 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,605 | €6,879 | +€2,274 | +49.4% |
| Other operating charges | 640/8 | €634 | €652 | +€18 | +2.8% |
| Gross operating margin | 9900 | €39,592 | €39,116 | -€476 | -1.2% |
| Operating profit (loss) | 9901 | €34,353 | €31,586 | -€2,768 | -8.1% |
| Financial income | 75/76B | €45 | €162 | +€116 | +258% |
| Recurring financial income | 75 | €45 | €162 | +€116 | +258% |
| Financial charges | 65/66B | €1,611 | €1,159 | -€452 | -28.1% |
| Recurring financial charges | 65 | €1,611 | €1,159 | -€452 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €32,787 | €30,588 | -€2,199 | -6.7% |
| Income taxes | 67/77 | €9,486 | €9,356 | -€130 | -1.4% |
| Profit (loss) for the period | 9904 | €23,301 | €21,232 | -€2,069 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,301 | €21,232 | -€2,069 | -8.9% |
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 25 October 2026 via checked.be.