NEUROSPACE: what changed
Two fiscal 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.
NEUROSPACE
Largest movements
- Current investments +€250,458
new in 2025: €250,458
- Cash -€207,887
down €207,887 (-75.0%), from €277,159 to €69,272
mainly Current investments (-€250,458) and Contributions, distributions and other (-€152,000)
- Tangible fixed assets +€80,998
up €80,998 (+233.8%), from €34,641 to €115,639
of which Leasing and similar rights: +€78,009
- Intangible fixed assets -€17,500
down €17,500 (-21.1%), from €83,125 to €65,625
- Debts after one year +€61,604
up €61,604 (+3597.1%), from €1,713 to €63,316
- Other debts +€34,000
up €34,000 (+28.8%), from €118,000 to €152,000
- Current portion of long-term debt +€12,330
up €12,330 (+302.5%), from €4,076 to €16,406
- Gross operating margin +€39,098
up €39,098 (+20.9%), from €187,004 to €226,102
- Taxes +€8,678
up €8,678 (+23.8%), from €36,472 to €45,150
- Depreciation -€3,788
down €3,788 (-12.9%), from €29,293 to €25,504
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.
Cash bridge derived
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 | €410,068 | €520,464 | +€110,396 | +26.9% |
| Fixed assets | 21/28 | €118,794 | €182,293 | +€63,498 | +53.5% |
| Intangible fixed assets | 21 | €83,125 | €65,625 | -€17,500 | -21.1% |
| Tangible fixed assets | 22/27 | €34,641 | €115,639 | +€80,998 | +233.8% |
| Land and buildings | 22 | €4,131 | €3,480 | -€651 | -15.8% |
| Plant, machinery and equipment | 23 | €15,610 | €15,836 | +€226 | +1.5% |
| Furniture and vehicles | 24 | €14,900 | €18,314 | +€3,414 | +22.9% |
| Leasing and similar rights | 25 | - | €78,009 | +€78,009 | |
| Financial fixed assets | 28 | €1,029 | €1,029 | = | 0.0% |
| Current assets | 29/58 | €291,274 | €338,171 | +€46,897 | +16.1% |
| Amounts receivable within one year | 40/41 | €11,701 | €12,816 | +€1,116 | +9.5% |
| Trade receivables | 40 | €4,574 | €1,826 | -€2,748 | -60.1% |
| Other amounts receivable | 41 | €7,127 | €10,990 | +€3,863 | +54.2% |
| Current investments | 50/53 | - | €250,458 | +€250,458 | |
| Cash at bank and in hand | 54/58 | €277,159 | €69,272 | -€207,887 | -75.0% |
| Deferred charges and accrued income | 490/1 | €2,414 | €5,625 | +€3,211 | +133.0% |
| Total equity and liabilities | 10/49 | €410,068 | €520,464 | +€110,396 | +26.9% |
| Equity | 10/15 | €275,774 | €276,564 | +€790 | +0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €270,000 | €270,000 | = | 0.0% |
| Distributable reserves | 133 | €270,000 | €270,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €774 | €1,564 | +€790 | +102.1% |
| Amounts payable | 17/49 | €134,294 | €243,899 | +€109,606 | +81.6% |
| Amounts payable after more than one year | 17 | €1,713 | €63,316 | +€61,604 | +3597.1% |
| Financial debts | 170/4 | €1,713 | €63,316 | +€61,604 | +3597.1% |
| Amounts payable within one year | 42/48 | €132,581 | €180,583 | +€48,002 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €4,076 | €16,406 | +€12,330 | +302.5% |
| Trade debts | 44 | €2,183 | €2,403 | +€220 | +10.1% |
| Suppliers | 440/4 | €2,183 | €2,403 | +€220 | +10.1% |
| Taxes, remuneration and social security | 45 | €8,322 | €9,775 | +€1,452 | +17.5% |
| Taxes | 450/3 | €8,322 | €9,775 | +€1,452 | +17.5% |
| Other amounts payable | 47/48 | €118,000 | €152,000 | +€34,000 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,293 | €25,504 | -€3,788 | -12.9% |
| Other operating charges | 640/8 | €900 | €1,352 | +€452 | +50.2% |
| Gross operating margin | 9900 | €187,004 | €226,102 | +€39,098 | +20.9% |
| Operating profit (loss) | 9901 | €156,811 | €199,246 | +€42,435 | +27.1% |
| Financial income | 75/76B | €0 | €1,306 | +€1,306 | +395639.4% |
| Recurring financial income | 75 | €0 | €1,306 | +€1,306 | +395639.4% |
| Financial charges | 65/66B | €2,214 | €2,612 | +€398 | +18.0% |
| Recurring financial charges | 65 | €2,214 | €2,612 | +€398 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €154,597 | €197,940 | +€43,343 | +28.0% |
| Income taxes | 67/77 | €36,472 | €45,150 | +€8,678 | +23.8% |
| Profit (loss) for the period | 9904 | €118,125 | €152,790 | +€34,665 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €118,125 | €152,790 | +€34,665 | +29.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.