NEUTS VASTGOED: 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.
NEUTS VASTGOED
Largest movements
- Receivables within one year -€251,897
down €251,897 (-33.5%), from €752,583 to €500,686
of which Trade receivables: -€289,660
- Stocks and contracts -€140,925
down €140,925 (-14.4%), from €981,820 to €840,895
- Financial fixed assets -€62,093
down €62,093 (-15.6%), from €397,900 to €335,807
- Short-term financial debts -€254,000
down €254,000 (-53.0%), from €479,000 to €225,000
- Reserves -€236,830
down €236,830 (-57.9%), from €409,122 to €172,291
of which Distributable reserves: -€236,830
- Financial charges +€312,108
up €312,108 (+71,680%), from €435 to €312,544
of which Non-recurring financial charges: +€312,093
- Gross operating margin +€83,714
up €83,714 (+392%), from €21,358 to €105,072
- Taxes +€23,632
up €23,632 (+628%), from €3,765 to €27,397
- Other operating charges -€5,145
down €5,145 (-82.1%), from €6,264 to €1,118
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.
Derived cash bridge
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 | €2,152,209 | €1,685,413 | -€466,796 | -21.7% |
| Formation expenses | 20 | €1,475 | €632 | -€843 | -57.2% |
| Fixed assets | 21/28 | €397,900 | €335,807 | -€62,093 | -15.6% |
| Financial fixed assets | 28 | €397,900 | €335,807 | -€62,093 | -15.6% |
| Current assets | 29/58 | €1,752,834 | €1,348,974 | -€403,861 | -23.0% |
| Stocks and contracts in progress | 3 | €981,820 | €840,895 | -€140,925 | -14.4% |
| Stocks | 30/36 | €981,820 | €840,895 | -€140,925 | -14.4% |
| Amounts receivable within one year | 40/41 | €752,583 | €500,686 | -€251,897 | -33.5% |
| Trade receivables | 40 | €419,938 | €130,278 | -€289,660 | -69.0% |
| Other amounts receivable | 41 | €332,645 | €370,408 | +€37,763 | +11.4% |
| Cash at bank and in hand | 54/58 | €5,835 | €7,392 | +€1,557 | +26.7% |
| Deferred charges and accrued income | 490/1 | €12,596 | €0 | -€12,596 | -100% |
| Total equity and liabilities | 10/49 | €2,152,209 | €1,685,413 | -€466,796 | -21.7% |
| Equity | 10/15 | €1,653,820 | €1,416,990 | -€236,830 | -14.3% |
| Contributions | 10/11 | €1,244,698 | €1,244,698 | = | 0.0% |
| Reserves | 13 | €409,122 | €172,291 | -€236,830 | -57.9% |
| Tax-exempt reserves | 132 | €15,612 | €15,612 | = | 0.0% |
| Distributable reserves | 133 | €393,510 | €156,679 | -€236,830 | -60.2% |
| Amounts payable | 17/49 | €498,389 | €268,423 | -€229,966 | -46.1% |
| Amounts payable within one year | 42/48 | €496,709 | €268,423 | -€228,286 | -46.0% |
| Financial debts | 43 | €479,000 | €225,000 | -€254,000 | -53.0% |
| Credit institutions | 430/8 | €479,000 | €225,000 | -€254,000 | -53.0% |
| Trade debts | 44 | €2,959 | €7,165 | +€4,205 | +142% |
| Suppliers | 440/4 | €2,959 | €7,165 | +€4,205 | +142% |
| Taxes, remuneration and social security | 45 | €9,654 | €31,162 | +€21,509 | +223% |
| Taxes | 450/3 | €9,654 | €31,162 | +€21,509 | +223% |
| Other amounts payable | 47/48 | €5,096 | €5,096 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,680 | €0 | -€1,680 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €843 | €843 | = | 0.0% |
| Other operating charges | 640/8 | €6,264 | €1,118 | -€5,145 | -82.1% |
| Gross operating margin | 9900 | €21,358 | €105,072 | +€83,714 | +392% |
| Operating profit (loss) | 9901 | €14,252 | €103,111 | +€88,859 | +623% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €435 | €312,544 | +€312,108 | +71,680% |
| Recurring financial charges | 65 | €435 | €451 | +€16 | +3.6% |
| Non-recurring financial charges | 66B | - | €312,093 | +€312,093 | |
| Profit (loss) for the period before taxes | 9903 | €13,816 | -€209,433 | -€223,249 | |
| Income taxes | 67/77 | €3,765 | €27,397 | +€23,632 | +628% |
| Profit (loss) for the period | 9904 | €10,051 | -€236,830 | -€246,882 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,051 | -€236,830 | -€246,882 |
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 30 October 2026 via checked.be.