NEURODEN: 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.
NEURODEN
Largest movements
- Cash +€60,427
up €60,427 (+46.4%), from €130,112 to €190,539
mainly Net result for the year (+€153,425) and Depreciation (+€13,493)
- Tangible fixed assets -€12,874
down €12,874 (-46.0%), from €28,014 to €15,140
- Receivables within one year -€5,103
down €5,103 (-59.0%), from €8,651 to €3,548
of which Other amounts receivable: -€8,431
- Reserves +€34,085
up €34,085 (+28.6%), from €119,340 to €153,425
- Tax, wage and social debts +€7,412
up €7,412 (+63.5%), from €11,681 to €19,093
- Gross operating margin +€46,948
up €46,948 (+28.3%), from €166,059 to €213,007
- Taxes +€12,676
up €12,676 (+37.4%), from €33,848 to €46,524
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 | €181,171 | €222,976 | +€41,805 | +23.1% |
| Fixed assets | 21/28 | €28,014 | €15,140 | -€12,874 | -46.0% |
| Tangible fixed assets | 22/27 | €28,014 | €15,140 | -€12,874 | -46.0% |
| Land and buildings | 22 | €6,116 | - | -€6,116 | |
| Plant, machinery and equipment | 23 | €21 | - | -€21 | |
| Furniture and vehicles | 24 | €19,301 | €15,101 | -€4,200 | -21.8% |
| Other tangible fixed assets | 26 | €2,576 | €39 | -€2,537 | -98.5% |
| Current assets | 29/58 | €153,157 | €207,836 | +€54,679 | +35.7% |
| Amounts receivable within one year | 40/41 | €8,651 | €3,548 | -€5,103 | -59.0% |
| Trade receivables | 40 | - | €3,328 | +€3,328 | |
| Other amounts receivable | 41 | €8,651 | €220 | -€8,431 | -97.5% |
| Cash at bank and in hand | 54/58 | €130,112 | €190,539 | +€60,427 | +46.4% |
| Deferred charges and accrued income | 490/1 | €14,394 | €13,749 | -€645 | -4.5% |
| Total equity and liabilities | 10/49 | €181,171 | €222,976 | +€41,805 | +23.1% |
| Equity | 10/15 | €168,940 | €203,025 | +€34,085 | +20.2% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Reserves | 13 | €119,340 | €153,425 | +€34,085 | +28.6% |
| Distributable reserves | 133 | €119,340 | €153,425 | +€34,085 | +28.6% |
| Amounts payable | 17/49 | €12,231 | €19,951 | +€7,720 | +63.1% |
| Amounts payable within one year | 42/48 | €12,231 | €19,951 | +€7,720 | +63.1% |
| Trade debts | 44 | €550 | €858 | +€308 | +56.0% |
| Suppliers | 440/4 | €550 | €858 | +€308 | +56.0% |
| Taxes, remuneration and social security | 45 | €11,681 | €19,093 | +€7,412 | +63.5% |
| Taxes | 450/3 | €11,681 | €19,093 | +€7,412 | +63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,951 | €13,493 | +€542 | +4.2% |
| Other operating charges | 640/8 | €615 | €714 | +€99 | +16.1% |
| Gross operating margin | 9900 | €166,059 | €213,007 | +€46,948 | +28.3% |
| Operating profit (loss) | 9901 | €152,493 | €198,800 | +€46,307 | +30.4% |
| Financial income | 75/76B | €523 | €1,359 | +€836 | +160% |
| Recurring financial income | 75 | €523 | €1,359 | +€836 | +160% |
| Financial charges | 65/66B | €246 | €210 | -€36 | -14.6% |
| Recurring financial charges | 65 | €246 | €210 | -€36 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €152,770 | €199,949 | +€47,179 | +30.9% |
| Income taxes | 67/77 | €33,848 | €46,524 | +€12,676 | +37.4% |
| Profit (loss) for the period | 9904 | €118,922 | €153,425 | +€34,503 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €118,922 | €153,425 | +€34,503 | +29.0% |
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 13 October 2026 via checked.be.