Neustadt: 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.
Neustadt
Largest movements
- Receivables within one year -€8,539
down €8,539 (-38.5%), from €22,179 to €13,639
of which Trade receivables: -€12,152
- Cash +€6,670
up €6,670 (+3.3%), from €200,427 to €207,096
mainly Net result for the year (+€35,214) and Receivables within one year (+€8,539)
- Deferred charges and accrued income +€4,500
up €4,500, from €0 to €4,500
- Reserves +€35,214
up €35,214 (+20.0%), from €176,311 to €211,525
- Tax, wage and social debts -€28,495
down €28,495 (-79.1%), from €36,038 to €7,543
- Trade debts -€4,191
down €4,191 (-57.0%), from €7,359 to €3,168
- Gross operating margin -€21,588
down €21,588 (-30.8%), from €70,036 to €48,448
- Taxes -€5,557
down €5,557 (-34.4%), from €16,132 to €10,576
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 | €222,708 | €225,236 | +€2,528 | +1.1% |
| Fixed assets | 21/28 | €102 | €0 | -€102 | -100.0% |
| Tangible fixed assets | 22/27 | €102 | €0 | -€102 | -100.0% |
| Furniture and vehicles | 24 | €102 | €0 | -€102 | -100.0% |
| Current assets | 29/58 | €222,605 | €225,236 | +€2,630 | +1.2% |
| Amounts receivable within one year | 40/41 | €22,179 | €13,639 | -€8,539 | -38.5% |
| Trade receivables | 40 | €17,696 | €5,544 | -€12,152 | -68.7% |
| Other amounts receivable | 41 | €4,483 | €8,096 | +€3,613 | +80.6% |
| Cash at bank and in hand | 54/58 | €200,427 | €207,096 | +€6,670 | +3.3% |
| Deferred charges and accrued income | 490/1 | €0 | €4,500 | +€4,500 | |
| Total equity and liabilities | 10/49 | €222,708 | €225,236 | +€2,528 | +1.1% |
| Equity | 10/15 | €179,311 | €214,525 | +€35,214 | +19.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €176,311 | €211,525 | +€35,214 | +20.0% |
| Distributable reserves | 133 | €176,311 | €211,525 | +€35,214 | +20.0% |
| Amounts payable | 17/49 | €43,397 | €10,711 | -€32,686 | -75.3% |
| Amounts payable within one year | 42/48 | €43,397 | €10,711 | -€32,686 | -75.3% |
| Trade debts | 44 | €7,359 | €3,168 | -€4,191 | -57.0% |
| Suppliers | 440/4 | €7,359 | €3,168 | -€4,191 | -57.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €36,038 | €7,543 | -€28,495 | -79.1% |
| Taxes | 450/3 | €36,038 | €7,543 | -€28,495 | -79.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €420 | €102 | -€318 | -75.6% |
| Other operating charges | 640/8 | €224 | €760 | +€535 | +238.6% |
| Gross operating margin | 9900 | €70,036 | €48,448 | -€21,588 | -30.8% |
| Operating profit (loss) | 9901 | €69,391 | €47,586 | -€21,805 | -31.4% |
| Financial income | 75/76B | €0 | €107 | +€107 | |
| Recurring financial income | 75 | €0 | €107 | +€107 | |
| Financial charges | 65/66B | €2,065 | €1,903 | -€162 | -7.9% |
| Recurring financial charges | 65 | €2,065 | €1,903 | -€162 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €67,326 | €45,790 | -€21,536 | -32.0% |
| Income taxes | 67/77 | €16,132 | €10,576 | -€5,557 | -34.4% |
| Profit (loss) for the period | 9904 | €51,194 | €35,214 | -€15,980 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,194 | €35,214 | -€15,980 | -31.2% |
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 8 October 2026 via checked.be.