NEUTRINOS: what changed
NEUTRINOS
Largest movements
- Tangible fixed assets -€24,409
down €24,409 (-10.4%), from €235,799 to €211,391
of which Leasing and similar rights: -€15,240
- Cash -€10,139
down €10,139 (-78.6%), from €12,895 to €2,757
mainly Other debts (-€42,000) and Debts after one year (-€17,457)
- Other debts -€42,000
down €42,000 (-55.9%), from €75,128 to €33,128
- Debts after one year -€17,457
down €17,457 (-16.7%), from €104,791 to €87,333
- Reserves +€14,448
up €14,448 (+74.2%), from €19,474 to €33,921
of which Distributable reserves: +€14,448
- Current portion of long-term debt +€7,532
up €7,532 (+257%), from €2,935 to €10,466
- Gross operating margin +€13,094
up €13,094 (+32.8%), from €39,961 to €53,054
- Other operating charges -€4,470
down €4,470 (-67.2%), from €6,648 to €2,178
- Depreciation +€4,174
up €4,174 (+20.6%), from €20,234 to €24,409
- Taxes +€3,873
up €3,873 (+135%), from €2,869 to €6,742
- Financial charges +€1,216
up €1,216 (+29.9%), from €4,062 to €5,278
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,215 | €215,834 | -€36,382 | -14.4% |
| Fixed assets | 21/28 | €235,799 | €211,391 | -€24,409 | -10.4% |
| Tangible fixed assets | 22/27 | €235,799 | €211,391 | -€24,409 | -10.4% |
| Land and buildings | 22 | €5,458 | €4,492 | -€966 | -17.7% |
| Leasing and similar rights | 25 | €132,124 | €116,884 | -€15,240 | -11.5% |
| Other tangible fixed assets | 26 | €98,217 | €90,015 | -€8,202 | -8.4% |
| Current assets | 29/58 | €16,416 | €4,443 | -€11,973 | -72.9% |
| Amounts receivable within one year | 40/41 | €2,351 | €547 | -€1,804 | -76.7% |
| Trade receivables | 40 | €220 | €547 | +€327 | +149% |
| Other amounts receivable | 41 | €2,131 | - | -€2,131 | |
| Cash at bank and in hand | 54/58 | €12,895 | €2,757 | -€10,139 | -78.6% |
| Deferred charges and accrued income | 490/1 | €1,170 | €1,139 | -€30 | -2.6% |
| Total equity and liabilities | 10/49 | €252,215 | €215,834 | -€36,382 | -14.4% |
| Equity | 10/15 | €67,611 | €82,058 | +€14,448 | +21.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,474 | €33,921 | +€14,448 | +74.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,614 | €32,061 | +€14,448 | +82.0% |
| Profit (loss) carried forward | 14 | €41,937 | €41,937 | = | 0.0% |
| Amounts payable | 17/49 | €184,604 | €133,775 | -€50,829 | -27.5% |
| Amounts payable after more than one year | 17 | €104,791 | €87,333 | -€17,457 | -16.7% |
| Financial debts | 170/4 | €104,791 | €87,333 | -€17,457 | -16.7% |
| Amounts payable within one year | 42/48 | €78,744 | €45,337 | -€33,407 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €2,935 | €10,466 | +€7,532 | +257% |
| Trade debts | 44 | €681 | - | -€681 | |
| Suppliers | 440/4 | €681 | - | -€681 | |
| Taxes, remuneration and social security | 45 | - | €1,742 | +€1,742 | |
| Taxes | 450/3 | - | €1,742 | +€1,742 | |
| Other amounts payable | 47/48 | €75,128 | €33,128 | -€42,000 | -55.9% |
| Accrued charges and deferred income | 492/3 | €1,070 | €1,105 | +€35 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,234 | €24,409 | +€4,174 | +20.6% |
| Other operating charges | 640/8 | €6,648 | €2,178 | -€4,470 | -67.2% |
| Gross operating margin | 9900 | €39,961 | €53,054 | +€13,094 | +32.8% |
| Operating profit (loss) | 9901 | €13,079 | €26,468 | +€13,389 | +102% |
| Financial charges | 65/66B | €4,062 | €5,278 | +€1,216 | +29.9% |
| Recurring financial charges | 65 | €4,062 | €5,278 | +€1,216 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €9,017 | €21,190 | +€12,173 | +135% |
| Income taxes | 67/77 | €2,869 | €6,742 | +€3,873 | +135% |
| Profit (loss) for the period | 9904 | €6,148 | €14,448 | +€8,300 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €6,148 | €14,448 | +€8,300 | +135% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.