Neurogreen: 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.
Neurogreen
Largest movements
- Receivables within one year -€13,773
down €13,773 (-29.4%), from €46,783 to €33,011
- Intangible fixed assets -€13,039
down €13,039 (-8.2%), from €159,283 to €146,243
- Cash +€9,408
up €9,408 (+32.9%), from €28,557 to €37,965
mainly Advances received (+€44,144) and Depreciation (+€20,612)
- Advances received +€44,144
up €44,144 (+189%), from €23,383 to €67,528
- Investment grants -€23,132
down €23,132 (-11.1%), from €208,185 to €185,054
- Profit (loss) carried forward -€22,128
down €22,128 (-19.7%), from -€112,267 to -€134,395
- Debts after one year -€20,004
down €20,004 (-19.2%), from €103,970 to €83,967
- Trade debts +€2,813
up €2,813 (+64.5%), from €4,365 to €7,178
- Gross operating margin +€37,635
up €37,635, from -€29,769 to €7,866
- Staff costs -€30,261
down €30,261 (-83.1%), from €36,417 to €6,156
- Other operating charges +€2,794
up €2,794 (+1,520%), from €184 to €2,978
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 | €235,636 | €217,331 | -€18,306 | -7.8% |
| Fixed assets | 21/28 | €160,296 | €146,355 | -€13,941 | -8.7% |
| Intangible fixed assets | 21 | €159,283 | €146,243 | -€13,039 | -8.2% |
| Tangible fixed assets | 22/27 | €1,013 | €111 | -€901 | -89.0% |
| Furniture and vehicles | 24 | €1,013 | €111 | -€901 | -89.0% |
| Current assets | 29/58 | €75,341 | €70,976 | -€4,365 | -5.8% |
| Amounts receivable within one year | 40/41 | €46,783 | €33,011 | -€13,773 | -29.4% |
| Other amounts receivable | 41 | €46,783 | €33,011 | -€13,773 | -29.4% |
| Cash at bank and in hand | 54/58 | €28,557 | €37,965 | +€9,408 | +32.9% |
| Total equity and liabilities | 10/49 | €235,636 | €217,331 | -€18,306 | -7.8% |
| Equity | 10/15 | €103,918 | €58,658 | -€45,260 | -43.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,267 | -€134,395 | -€22,128 | -19.7% |
| Investment grants | 15 | €208,185 | €185,054 | -€23,132 | -11.1% |
| Amounts payable | 17/49 | €131,718 | €158,672 | +€26,954 | +20.5% |
| Amounts payable after more than one year | 17 | €103,970 | €83,967 | -€20,004 | -19.2% |
| Financial debts | 170/4 | €103,970 | €83,967 | -€20,004 | -19.2% |
| Amounts payable within one year | 42/48 | €27,748 | €74,706 | +€46,958 | +169% |
| Trade debts | 44 | €4,365 | €7,178 | +€2,813 | +64.5% |
| Suppliers | 440/4 | €4,365 | €7,178 | +€2,813 | +64.5% |
| Advances received on contracts in progress | 46 | €23,383 | €67,528 | +€44,144 | +189% |
| Remuneration, social security and pensions | 62 | €36,417 | €6,156 | -€30,261 | -83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,451 | €20,612 | +€161 | +0.8% |
| Other operating charges | 640/8 | €184 | €2,978 | +€2,794 | +1,520% |
| Gross operating margin | 9900 | -€29,769 | €7,866 | +€37,635 | |
| Operating profit (loss) | 9901 | -€86,821 | -€21,880 | +€64,941 | +74.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €277 | €172 | -€105 | -37.9% |
| Recurring financial charges | 65 | €277 | €172 | -€105 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | -€87,097 | -€22,052 | +€65,045 | +74.7% |
| Income taxes | 67/77 | - | €76 | +€76 | |
| Profit (loss) for the period | 9904 | -€87,097 | -€22,128 | +€64,969 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,097 | -€22,128 | +€64,969 | +74.6% |
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 21 October 2026 via checked.be.