NEURON ESTATE: 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.
NEURON ESTATE
Largest movements
- Stocks and contracts -€653,330
down €653,330 (-100%), from €653,330 to €0
- Tangible fixed assets +€594,362
new in 2025: €594,362
- Receivables within one year +€63,340
up €63,340 (+89.4%), from €70,874 to €134,214
of which Trade receivables: +€57,330
- Cash -€11,762
down €11,762 (-76.1%), from €15,464 to €3,702
mainly Investment in fixed assets (net) (-€603,374) and Current portion of long-term debt (-€532,209)
- Debts after one year +€591,288
up €591,288 (+14,782%), from €4,000 to €595,288
of which Financial debts: +€589,288
- Current portion of long-term debt -€532,209
down €532,209 (-96.8%), from €550,000 to €17,791
- Other debts -€47,938
down €47,938 (-45.2%), from €106,157 to €58,219
- Trade debts -€13,841
down €13,841 (-70.4%), from €19,660 to €5,819
- Gross operating margin -€33,589
down €33,589 (-53.9%), from €62,284 to €28,695
- Taxes -€10,574
down €10,574, from €8,800 to -€1,774
- Depreciation +€9,012
new in 2025: €9,012
- Financial charges +€8,776
up €8,776 (+76.9%), from €11,408 to €20,184
- Other operating charges -€8,177
down €8,177 (-87.6%), from €9,336 to €1,159
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 | €739,946 | €735,585 | -€4,362 | -0.6% |
| Fixed assets | 21/28 | €278 | €594,640 | +€594,362 | +213,799% |
| Tangible fixed assets | 22/27 | - | €594,362 | +€594,362 | |
| Land and buildings | 22 | - | €594,362 | +€594,362 | |
| Financial fixed assets | 28 | €278 | €278 | = | 0.0% |
| Current assets | 29/58 | €739,668 | €140,945 | -€598,724 | -80.9% |
| Stocks and contracts in progress | 3 | €653,330 | €0 | -€653,330 | -100% |
| Stocks | 30/36 | €653,330 | €0 | -€653,330 | -100% |
| Amounts receivable within one year | 40/41 | €70,874 | €134,214 | +€63,340 | +89.4% |
| Trade receivables | 40 | €70,874 | €128,204 | +€57,330 | +80.9% |
| Other amounts receivable | 41 | - | €6,010 | +€6,010 | |
| Cash at bank and in hand | 54/58 | €15,464 | €3,702 | -€11,762 | -76.1% |
| Deferred charges and accrued income | 490/1 | - | €3,029 | +€3,029 | |
| Total equity and liabilities | 10/49 | €739,946 | €735,585 | -€4,362 | -0.6% |
| Equity | 10/15 | €51,329 | €51,442 | +€113 | +0.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,316 | €1,316 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,316 | €1,316 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,316 | €1,316 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,013 | €25,126 | +€113 | +0.5% |
| Amounts payable | 17/49 | €688,617 | €684,142 | -€4,475 | -0.6% |
| Amounts payable after more than one year | 17 | €4,000 | €595,288 | +€591,288 | +14,782% |
| Financial debts | 170/4 | €0 | €589,288 | +€589,288 | |
| Other amounts payable | 178/9 | €4,000 | €6,000 | +€2,000 | +50.0% |
| Amounts payable within one year | 42/48 | €684,617 | €88,855 | -€595,762 | -87.0% |
| Current portion of amounts payable after more than one year | 42 | €550,000 | €17,791 | -€532,209 | -96.8% |
| Trade debts | 44 | €19,660 | €5,819 | -€13,841 | -70.4% |
| Suppliers | 440/4 | €19,660 | €5,819 | -€13,841 | -70.4% |
| Taxes, remuneration and social security | 45 | €8,800 | €7,026 | -€1,774 | -20.2% |
| Taxes | 450/3 | €8,800 | €7,026 | -€1,774 | -20.2% |
| Other amounts payable | 47/48 | €106,157 | €58,219 | -€47,938 | -45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,012 | +€9,012 | |
| Other operating charges | 640/8 | €9,336 | €1,159 | -€8,177 | -87.6% |
| Gross operating margin | 9900 | €62,284 | €28,695 | -€33,589 | -53.9% |
| Operating profit (loss) | 9901 | €52,948 | €18,523 | -€34,424 | -65.0% |
| Financial charges | 65/66B | €11,408 | €20,184 | +€8,776 | +76.9% |
| Recurring financial charges | 65 | €11,408 | €20,184 | +€8,776 | +76.9% |
| Profit (loss) for the period before taxes | 9903 | €41,539 | -€1,661 | -€43,200 | |
| Income taxes | 67/77 | €8,800 | -€1,774 | -€10,574 | |
| Profit (loss) for the period | 9904 | €32,739 | €113 | -€32,626 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,739 | €113 | -€32,626 | -99.7% |
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.