NEUROTEC: 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.
What changed
NEUROTEC
NACE 47.770, Retail sale of watches and jewellery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,740
2024 · €2,438-€698
Equity
€531,407
2024 · €529,666+€1,740
Cash
€37,591
2024 · €65,867-€28,276
Balance sheet total
€1.2m
2024 · €1.5m-€203,227
Largest movements
Assets
- Stocks and contracts -€167,290
down €167,290 (-13.3%), from €1.3m to €1.1m
- Cash -€28,276
down €28,276 (-42.9%), from €65,867 to €37,591
mainly Debts after one year (-€82,521) and Trade debts (-€74,560)
Equity and liabilities
- Debts after one year -€82,521
down €82,521 (-51.5%), from €160,373 to €77,852
- Trade debts -€74,560
down €74,560 (-24.7%), from €301,286 to €226,725
- Current portion of long-term debt -€40,942
down €40,942 (-33.8%), from €121,264 to €80,321
Income statement
- Gross operating margin -€16,186
down €16,186 (-2.5%), from €656,666 to €640,480
- Depreciation -€7,098
down €7,098 (-25.6%), from €27,688 to €20,590
- Staff costs -€6,868
down €6,868 (-1.2%), from €584,575 to €577,707
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.
Result 2024
€2,438
Gross operating margin
-€16,186
Staff costs
+€6,868
Depreciation
+€7,098
Other operating charges
-€281
Financial income
-€0
Financial charges
-€892
Taxes
+€2,695
Result 2025
€1,740
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.
From operations
+€111,776
Investment
-€8,236
Financing
-€131,816
Cash 2024
€65,867
From operations (derived)
+€111,776
Net result for the year
+€1,740
Depreciation
+€20,590
Stocks and contracts
+€167,290
Receivables within one year
+€3,076
Deferred charges and accrued income
-€7,769
Trade debts
-€74,560
Tax, wage and social debts
-€13,983
Other debts
+€12,104
Accrued charges and deferred income
+€3,288
Investment (derived)
-€8,236
Investment in fixed assets (net)
-€8,236
Financing
-€131,816
Debts after one year
-€82,521
Current portion of long-term debt
-€40,942
Short-term financial debts
-€8,353
Cash 2025
€37,591
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,450,892 | €1,247,665 | -€203,227 | -14.0% |
| Fixed assets | 21/28 | €40,639 | €28,284 | -€12,355 | -30.4% |
| Tangible fixed assets | 22/27 | €34,160 | €21,805 | -€12,355 | -36.2% |
| Furniture and vehicles | 24 | €22,651 | €12,274 | -€10,377 | -45.8% |
| Other tangible fixed assets | 26 | €11,509 | €9,531 | -€1,978 | -17.2% |
| Financial fixed assets | 28 | €6,479 | €6,479 | = | 0.0% |
| Current assets | 29/58 | €1,410,254 | €1,219,381 | -€190,873 | -13.5% |
| Stocks and contracts in progress | 3 | €1,254,943 | €1,087,653 | -€167,290 | -13.3% |
| Stocks | 30/36 | €1,254,943 | €1,087,653 | -€167,290 | -13.3% |
| Amounts receivable within one year | 40/41 | €69,676 | €66,600 | -€3,076 | -4.4% |
| Trade receivables | 40 | €69,330 | €66,254 | -€3,076 | -4.4% |
| Other amounts receivable | 41 | €346 | €346 | +€0 | 0.0% |
| Current investments | 50/53 | €1,424 | €1,424 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,867 | €37,591 | -€28,276 | -42.9% |
| Deferred charges and accrued income | 490/1 | €18,344 | €26,113 | +€7,769 | +42.3% |
| Total equity and liabilities | 10/49 | €1,450,892 | €1,247,665 | -€203,227 | -14.0% |
| Equity | 10/15 | €529,666 | €531,407 | +€1,740 | +0.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €10,768 | €12,508 | +€1,740 | +16.2% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €3,268 | €5,008 | +€1,740 | +53.3% |
| Profit (loss) carried forward | 14 | €443,898 | €443,898 | = | 0.0% |
| Amounts payable | 17/49 | €921,226 | €716,259 | -€204,968 | -22.2% |
| Amounts payable after more than one year | 17 | €160,373 | €77,852 | -€82,521 | -51.5% |
| Financial debts | 170/4 | €160,373 | €77,852 | -€82,521 | -51.5% |
| Amounts payable within one year | 42/48 | €760,853 | €635,118 | -€125,735 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €121,264 | €80,321 | -€40,942 | -33.8% |
| Financial debts | 43 | €95,308 | €86,955 | -€8,353 | -8.8% |
| Credit institutions | 430/8 | €95,308 | €86,955 | -€8,353 | -8.8% |
| Trade debts | 44 | €301,286 | €226,725 | -€74,560 | -24.7% |
| Suppliers | 440/4 | €301,286 | €226,725 | -€74,560 | -24.7% |
| Taxes, remuneration and social security | 45 | €200,100 | €186,117 | -€13,983 | -7.0% |
| Taxes | 450/3 | €78,828 | €57,478 | -€21,349 | -27.1% |
| Remuneration and social security | 454/9 | €121,272 | €128,638 | +€7,366 | +6.1% |
| Other amounts payable | 47/48 | €42,895 | €54,999 | +€12,104 | +28.2% |
| Accrued charges and deferred income | 492/3 | - | €3,288 | +€3,288 | |
| Remuneration, social security and pensions | 62 | €584,575 | €577,707 | -€6,868 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,688 | €20,590 | -€7,098 | -25.6% |
| Other operating charges | 640/8 | €7,231 | €7,512 | +€281 | +3.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €656,666 | €640,480 | -€16,186 | -2.5% |
| Operating profit (loss) | 9901 | €37,172 | €34,671 | -€2,501 | -6.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €23,245 | €24,137 | +€892 | +3.8% |
| Recurring financial charges | 65 | €23,245 | €24,137 | +€892 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €13,927 | €10,534 | -€3,393 | -24.4% |
| Income taxes | 67/77 | €11,489 | €8,794 | -€2,695 | -23.5% |
| Profit (loss) for the period | 9904 | €2,438 | €1,740 | -€698 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,438 | €1,740 | -€698 | -28.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.