NEUSAB: 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.
NEUSAB
Largest movements
- Cash +€15,888
up €15,888 (+54.5%), from €29,141 to €45,030
mainly Net result for the year (+€5,255) and Depreciation (+€5,178)
- Tangible fixed assets -€5,178
down €5,178 (-10.7%), from €48,559 to €43,381
- Profit (loss) carried forward +€5,255
up €5,255 (+3.5%), from -€152,071 to -€146,816
- Other debts +€4,890
up €4,890 (+4.0%), from €122,089 to €126,979
- Gross operating margin +€35,847
up €35,847, from -€22,533 to €13,314
- Other operating charges +€2,661
new in 2025: €2,661
- Depreciation +€292
up €292 (+6.0%), from €4,885 to €5,178
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 | €77,700 | €88,411 | +€10,711 | +13.8% |
| Fixed assets | 21/28 | €48,559 | €43,381 | -€5,178 | -10.7% |
| Tangible fixed assets | 22/27 | €48,559 | €43,381 | -€5,178 | -10.7% |
| Land and buildings | 22 | €48,559 | €43,381 | -€5,178 | -10.7% |
| Current assets | 29/58 | €29,141 | €45,030 | +€15,888 | +54.5% |
| Cash at bank and in hand | 54/58 | €29,141 | €45,030 | +€15,888 | +54.5% |
| Total equity and liabilities | 10/49 | €77,700 | €88,411 | +€10,711 | +13.8% |
| Equity | 10/15 | -€47,956 | -€42,701 | +€5,255 | +11.0% |
| Contributions | 10/11 | €104,115 | €104,115 | = | 0.0% |
| Capital | 10 | €104,115 | €104,115 | = | 0.0% |
| Issued capital | 100 | €104,115 | €104,115 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,071 | -€146,816 | +€5,255 | +3.5% |
| Amounts payable | 17/49 | €125,656 | €131,112 | +€5,456 | +4.3% |
| Amounts payable within one year | 42/48 | €125,656 | €131,112 | +€5,456 | +4.3% |
| Trade debts | 44 | €3,567 | €4,133 | +€566 | +15.9% |
| Suppliers | 440/4 | €3,567 | €4,133 | +€566 | +15.9% |
| Other amounts payable | 47/48 | €122,089 | €126,979 | +€4,890 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,885 | €5,178 | +€292 | +6.0% |
| Other operating charges | 640/8 | - | €2,661 | +€2,661 | |
| Gross operating margin | 9900 | -€22,533 | €13,314 | +€35,847 | |
| Operating profit (loss) | 9901 | -€27,419 | €5,475 | +€32,894 | |
| Financial charges | 65/66B | €183 | €220 | +€38 | +20.7% |
| Recurring financial charges | 65 | €183 | €220 | +€38 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,601 | €5,255 | +€32,856 | |
| Profit (loss) for the period | 9904 | -€27,601 | €5,255 | +€32,856 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,601 | €5,255 | +€32,856 |
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 9 October 2026 via checked.be.