NEUROAXIS: 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.
NEUROAXIS
Largest movements
- Receivables within one year -€88,332
down €88,332 (-46.1%), from €191,475 to €103,143
- Cash -€29,929
down €29,929 (-51.1%), from €58,513 to €28,584
mainly Contributions, distributions and other (-€92,900) and Debts after one year (-€29,238)
- Reserves -€80,400
down €80,400 (-16.4%), from €491,500 to €411,100
- Debts after one year -€29,238
down €29,238 (-7.1%), from €409,900 to €380,661
- Gross operating margin -€102,890
down €102,890 (-58.4%), from €176,254 to €73,364
- Taxes -€35,832
down €35,832 (-86.8%), from €41,274 to €5,442
- Staff costs +€9,458
up €9,458 (+87.3%), from €10,830 to €20,288
- Other operating charges +€4,278
up €4,278 (+1104.4%), from €387 to €4,665
- Depreciation +€2,293
up €2,293 (+11.5%), from €19,987 to €22,280
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 | €1,056,107 | €943,640 | -€112,467 | -10.6% |
| Fixed assets | 21/28 | €647,244 | €651,089 | +€3,844 | +0.6% |
| Tangible fixed assets | 22/27 | €434,524 | €438,213 | +€3,689 | +0.8% |
| Land and buildings | 22 | €423,774 | €428,310 | +€4,536 | +1.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €9,415 | €8,568 | -€847 | -9.0% |
| Other tangible fixed assets | 26 | €1,335 | €1,335 | = | 0.0% |
| Financial fixed assets | 28 | €212,721 | €212,876 | +€155 | +0.1% |
| Current assets | 29/58 | €408,863 | €292,551 | -€116,312 | -28.4% |
| Amounts receivable after more than one year | 29 | €153,309 | €153,309 | = | 0.0% |
| Trade receivables | 290 | €153,309 | €153,309 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €191,475 | €103,143 | -€88,332 | -46.1% |
| Other amounts receivable | 41 | €191,475 | €103,143 | -€88,332 | -46.1% |
| Current investments | 50/53 | €5,495 | €5,495 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,513 | €28,584 | -€29,929 | -51.1% |
| Deferred charges and accrued income | 490/1 | €71 | €2,019 | +€1,949 | +2762.0% |
| Total equity and liabilities | 10/49 | €1,056,107 | €943,640 | -€112,467 | -10.6% |
| Equity | 10/15 | €504,373 | €424,012 | -€80,360 | -15.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €491,500 | €411,100 | -€80,400 | -16.4% |
| Distributable reserves | 133 | €491,500 | €411,100 | -€80,400 | -16.4% |
| Profit (loss) carried forward | 14 | €473 | €512 | +€40 | +8.4% |
| Amounts payable | 17/49 | €551,735 | €519,628 | -€32,107 | -5.8% |
| Amounts payable after more than one year | 17 | €409,900 | €380,661 | -€29,238 | -7.1% |
| Financial debts | 170/4 | €409,900 | €380,661 | -€29,238 | -7.1% |
| Amounts payable within one year | 42/48 | €141,835 | €138,966 | -€2,869 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €30,417 | €30,470 | +€53 | +0.2% |
| Trade debts | 44 | €2,749 | €2,336 | -€413 | -15.0% |
| Suppliers | 440/4 | €2,749 | €2,336 | -€413 | -15.0% |
| Taxes, remuneration and social security | 45 | €20,319 | €17,905 | -€2,414 | -11.9% |
| Taxes | 450/3 | €20,077 | €15,513 | -€4,563 | -22.7% |
| Remuneration and social security | 454/9 | €243 | €2,392 | +€2,149 | +885.6% |
| Other amounts payable | 47/48 | €88,350 | €88,255 | -€95 | -0.1% |
| Remuneration, social security and pensions | 62 | €10,830 | €20,288 | +€9,458 | +87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,987 | €22,280 | +€2,293 | +11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €4,665 | +€4,278 | +1104.4% |
| Gross operating margin | 9900 | €176,254 | €73,364 | -€102,890 | -58.4% |
| Operating profit (loss) | 9901 | €145,050 | €26,131 | -€118,919 | -82.0% |
| Financial income | 75/76B | €12,874 | €11,261 | -€1,613 | -12.5% |
| Recurring financial income | 75 | €12,874 | €11,261 | -€1,613 | -12.5% |
| Financial charges | 65/66B | €18,010 | €19,410 | +€1,401 | +7.8% |
| Recurring financial charges | 65 | €18,010 | €19,410 | +€1,401 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €139,914 | €17,981 | -€121,933 | -87.1% |
| Income taxes | 67/77 | €41,274 | €5,442 | -€35,832 | -86.8% |
| Profit (loss) for the period | 9904 | €98,640 | €12,540 | -€86,101 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,640 | €12,540 | -€86,101 | -87.3% |
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.