NEUROGEN: 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.
NEUROGEN
Largest movements
- Receivables within one year +€109,912
new in 2025: €109,912
of which Other amounts receivable: +€100,000
- Cash -€79,164
down €79,164 (-67.3%), from €117,548 to €38,384
mainly Receivables within one year (-€109,912) and Contributions, distributions and other (-€23,500)
- Reserves +€26,000
up €26,000 (+18.1%), from €144,000 to €170,000
of which Distributable reserves: +€26,000
- Tax, wage and social debts +€15,680
up €15,680 (+224%), from €7,000 to €22,680
of which Taxes: +€10,680
- Other debts -€7,500
down €7,500 (-35.7%), from €21,000 to €13,500
- Gross operating margin +€39,013
up €39,013 (+69.2%), from €56,374 to €95,387
- Turnover +€31,735
up €31,735 (+8.6%), from €368,202 to €399,937
- Taxes +€10,268
up €10,268 (+71.6%), from €14,334 to €24,602
- Purchases and services -€7,278
down €7,278 (-2.3%), from €311,828 to €304,550
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 | €273,584 | €305,427 | +€31,843 | +11.6% |
| Fixed assets | 21/28 | €80,855 | €79,845 | -€1,010 | -1.2% |
| Tangible fixed assets | 22/27 | €80,855 | €79,845 | -€1,010 | -1.2% |
| Land and buildings | 22 | €46,872 | €45,191 | -€1,681 | -3.6% |
| Furniture and vehicles | 24 | €33,278 | €34,264 | +€986 | +3.0% |
| Other tangible fixed assets | 26 | €705 | €390 | -€315 | -44.7% |
| Current assets | 29/58 | €192,729 | €225,582 | +€32,853 | +17.0% |
| Amounts receivable within one year | 40/41 | - | €109,912 | +€109,912 | |
| Trade receivables | 40 | - | €9,912 | +€9,912 | |
| Other amounts receivable | 41 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €117,548 | €38,384 | -€79,164 | -67.3% |
| Deferred charges and accrued income | 490/1 | €75,181 | €77,286 | +€2,105 | +2.8% |
| Total equity and liabilities | 10/49 | €273,584 | €305,427 | +€31,843 | +11.6% |
| Equity | 10/15 | €236,816 | €263,899 | +€27,083 | +11.4% |
| Contributions | 10/11 | €92,100 | €92,100 | = | 0.0% |
| Contributions outside capital | 11 | - | €92,100 | +€92,100 | |
| Other | 1109/19 | - | €92,100 | +€92,100 | |
| Reserves | 13 | €144,000 | €170,000 | +€26,000 | +18.1% |
| Tax-exempt reserves | 132 | €26,818 | €26,818 | = | 0.0% |
| Distributable reserves | 133 | €117,182 | €143,182 | +€26,000 | +22.2% |
| Profit (loss) carried forward | 14 | €716 | €1,799 | +€1,083 | +151% |
| Amounts payable | 17/49 | €36,768 | €41,528 | +€4,760 | +12.9% |
| Amounts payable within one year | 42/48 | €36,768 | €41,528 | +€4,760 | +12.9% |
| Financial debts | 43 | €6,410 | €4,524 | -€1,886 | -29.4% |
| Credit institutions | 430/8 | €6,410 | €4,524 | -€1,886 | -29.4% |
| Trade debts | 44 | €2,358 | €824 | -€1,534 | -65.1% |
| Suppliers | 440/4 | €2,358 | €824 | -€1,534 | -65.1% |
| Taxes, remuneration and social security | 45 | €7,000 | €22,680 | +€15,680 | +224% |
| Taxes | 450/3 | €2,000 | €12,680 | +€10,680 | +534% |
| Remuneration and social security | 454/9 | €5,000 | €10,000 | +€5,000 | +100% |
| Other amounts payable | 47/48 | €21,000 | €13,500 | -€7,500 | -35.7% |
| Turnover | 70 | €368,202 | €399,937 | +€31,735 | +8.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €311,828 | €304,550 | -€7,278 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,266 | €18,337 | +€1,071 | +6.2% |
| Other operating charges | 640/8 | €3,011 | €2,409 | -€602 | -20.0% |
| Gross operating margin | 9900 | €56,374 | €95,387 | +€39,013 | +69.2% |
| Operating profit (loss) | 9901 | €36,097 | €74,641 | +€38,544 | +107% |
| Financial income | 75/76B | - | €1,279 | +€1,279 | |
| Recurring financial income | 75 | - | €1,279 | +€1,279 | |
| Financial charges | 65/66B | €696 | €735 | +€39 | +5.6% |
| Recurring financial charges | 65 | €696 | €735 | +€39 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €35,401 | €75,185 | +€39,784 | +112% |
| Income taxes | 67/77 | €14,334 | €24,602 | +€10,268 | +71.6% |
| Profit (loss) for the period | 9904 | €21,067 | €50,583 | +€29,516 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €21,067 | €50,583 | +€29,516 | +140% |
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.