NEUROLAC: 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.
NEUROLAC
Largest movements
- Current investments -€452,000
down €452,000 (-77.1%), from €586,000 to €134,000
- Cash +€249,873
up €249,873 (+184%), from €135,507 to €385,379
mainly Current investments (+€452,000) and Other debts (+€383,281)
- Receivables within one year -€45,462
down €45,462 (-27.6%), from €164,981 to €119,520
of which Other amounts receivable: -€61,530
- Intangible fixed assets -€14,300
down €14,300 (-36.4%), from €39,296 to €24,996
- Profit (loss) carried forward -€784,086
down €784,086 (-99.9%), from €785,184 to €1,098
- Other debts +€383,281
up €383,281 (+491%), from €78,100 to €461,380
- Tax, wage and social debts +€138,360
up €138,360 (+208%), from €66,480 to €204,840
- Gross operating margin +€60,926
up €60,926 (+14.1%), from €431,135 to €492,062
- Taxes +€17,409
up €17,409 (+17.0%), from €102,201 to €119,610
- Financial income +€7,795
up €7,795 (+80.1%), from €9,737 to €17,532
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 | €938,304 | €670,319 | -€267,985 | -28.6% |
| Fixed assets | 21/28 | €51,013 | €31,162 | -€19,851 | -38.9% |
| Intangible fixed assets | 21 | €39,296 | €24,996 | -€14,300 | -36.4% |
| Tangible fixed assets | 22/27 | €11,717 | €6,166 | -€5,551 | -47.4% |
| Furniture and vehicles | 24 | €11,717 | €6,166 | -€5,551 | -47.4% |
| Current assets | 29/58 | €887,291 | €639,157 | -€248,134 | -28.0% |
| Amounts receivable within one year | 40/41 | €164,981 | €119,520 | -€45,462 | -27.6% |
| Trade receivables | 40 | €70,000 | €86,068 | +€16,068 | +23.0% |
| Other amounts receivable | 41 | €94,981 | €33,452 | -€61,530 | -64.8% |
| Current investments | 50/53 | €586,000 | €134,000 | -€452,000 | -77.1% |
| Cash at bank and in hand | 54/58 | €135,507 | €385,379 | +€249,873 | +184% |
| Deferred charges and accrued income | 490/1 | €803 | €258 | -€545 | -67.9% |
| Total equity and liabilities | 10/49 | €938,304 | €670,319 | -€267,985 | -28.6% |
| Equity | 10/15 | €788,184 | €4,098 | -€784,086 | -99.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €785,184 | €1,098 | -€784,086 | -99.9% |
| Amounts payable | 17/49 | €150,120 | €666,220 | +€516,101 | +344% |
| Amounts payable within one year | 42/48 | €150,120 | €666,220 | +€516,101 | +344% |
| Trade debts | 44 | €5,540 | - | -€5,540 | |
| Suppliers | 440/4 | €5,540 | - | -€5,540 | |
| Taxes, remuneration and social security | 45 | €66,480 | €204,840 | +€138,360 | +208% |
| Taxes | 450/3 | €66,480 | €204,840 | +€138,360 | +208% |
| Other amounts payable | 47/48 | €78,100 | €461,380 | +€383,281 | +491% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,995 | €19,851 | +€856 | +4.5% |
| Other operating charges | 640/8 | €259 | €601 | +€343 | +132% |
| Gross operating margin | 9900 | €431,135 | €492,062 | +€60,926 | +14.1% |
| Operating profit (loss) | 9901 | €411,881 | €471,609 | +€59,728 | +14.5% |
| Financial income | 75/76B | €9,737 | €17,532 | +€7,795 | +80.1% |
| Recurring financial income | 75 | €9,737 | €17,532 | +€7,795 | +80.1% |
| Financial charges | 65/66B | €2,721 | €3,617 | +€896 | +32.9% |
| Recurring financial charges | 65 | €2,721 | €3,617 | +€896 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €418,897 | €485,524 | +€66,627 | +15.9% |
| Income taxes | 67/77 | €102,201 | €119,610 | +€17,409 | +17.0% |
| Profit (loss) for the period | 9904 | €316,696 | €365,914 | +€49,218 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €316,696 | €365,914 | +€49,218 | +15.5% |
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 23 October 2026 via checked.be.