NEVEN: 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.
What changed
NEVEN
NACE 47.540, Retail sale of electrical household appliances
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€151,444
2024 · -€149,991-€1,454
Equity
€6.4m
2024 · €6.5m-€151,444
Cash
€12,977
2024 · €7,498+€5,478
Balance sheet total
€7.1m
2024 · €6.9m+€202,976
Largest movements
Assets
- Tangible fixed assets +€284,688
up €284,688 (+397%), from €71,710 to €356,398
of which Land and buildings: +€286,751
- Receivables within one year -€74,703
down €74,703 (-1.1%), from €6.8m to €6.7m
of which Trade receivables: -€38,577
Equity and liabilities
- Other debts +€352,976
up €352,976 (+118%), from €300,247 to €653,224
- Reserves -€151,444
down €151,444 (-2.3%), from €6.5m to €6.3m
of which Distributable reserves: -€151,444
Income statement
- Staff costs -€57,283
down €57,283 (-11.2%), from €510,351 to €453,067
- Gross operating margin -€41,279
down €41,279 (-12.7%), from €326,184 to €284,906
- Depreciation +€17,188
up €17,188 (+65.0%), from €26,456 to €43,644
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
-€149,991
Gross operating margin
-€41,279
Staff costs
+€57,283
Depreciation
-€17,188
Other operating charges
-€264
Other operating items
-€2,229
Financial income
+€2,118
Financial charges
+€105
Result 2025
-€151,444
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€333,811
Investment
-€328,333
Financing
€0
Cash 2024
€7,498
From operations (derived)
+€333,811
Net result for the year
-€151,444
Depreciation
+€43,644
Stocks and contracts
+€10,831
Receivables within one year
+€74,703
Deferred charges and accrued income
+€1,657
Trade debts
-€605
Tax, wage and social debts
-€4,291
Advances received
+€4,761
Other debts
+€352,976
Accrued charges and deferred income
+€1,579
Investment (derived)
-€328,333
Investment in fixed assets (net)
-€328,333
Cash 2025
€12,977
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,920,077 | €7,123,053 | +€202,976 | +2.9% |
| Fixed assets | 21/28 | €71,710 | €356,398 | +€284,688 | +397% |
| Tangible fixed assets | 22/27 | €71,710 | €356,398 | +€284,688 | +397% |
| Land and buildings | 22 | - | €286,751 | +€286,751 | |
| Plant, machinery and equipment | 23 | €58,385 | €46,020 | -€12,365 | -21.2% |
| Furniture and vehicles | 24 | €1,879 | €15,306 | +€13,427 | +715% |
| Other tangible fixed assets | 26 | €11,446 | €8,321 | -€3,125 | -27.3% |
| Current assets | 29/58 | €6,848,368 | €6,766,655 | -€81,713 | -1.2% |
| Stocks and contracts in progress | 3 | €82,722 | €71,891 | -€10,831 | -13.1% |
| Stocks | 30/36 | €82,722 | €71,891 | -€10,831 | -13.1% |
| Amounts receivable within one year | 40/41 | €6,750,681 | €6,675,978 | -€74,703 | -1.1% |
| Trade receivables | 40 | €49,973 | €11,396 | -€38,577 | -77.2% |
| Other amounts receivable | 41 | €6,700,708 | €6,664,582 | -€36,126 | -0.5% |
| Cash at bank and in hand | 54/58 | €7,498 | €12,977 | +€5,478 | +73.1% |
| Deferred charges and accrued income | 490/1 | €7,466 | €5,809 | -€1,657 | -22.2% |
| Total equity and liabilities | 10/49 | €6,920,077 | €7,123,053 | +€202,976 | +2.9% |
| Equity | 10/15 | €6,536,781 | €6,385,337 | -€151,444 | -2.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,474,781 | €6,323,337 | -€151,444 | -2.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,311 | €20,311 | = | 0.0% |
| Distributable reserves | 133 | €6,448,270 | €6,296,826 | -€151,444 | -2.3% |
| Amounts payable | 17/49 | €383,296 | €737,716 | +€354,420 | +92.5% |
| Amounts payable after more than one year | 17 | €265 | €265 | = | 0.0% |
| Other amounts payable | 178/9 | €265 | €265 | = | 0.0% |
| Amounts payable within one year | 42/48 | €379,762 | €732,603 | +€352,841 | +92.9% |
| Trade debts | 44 | €20,573 | €19,968 | -€605 | -2.9% |
| Suppliers | 440/4 | €20,573 | €19,968 | -€605 | -2.9% |
| Advances received on contracts in progress | 46 | €23,092 | €27,853 | +€4,761 | +20.6% |
| Taxes, remuneration and social security | 45 | €35,850 | €31,559 | -€4,291 | -12.0% |
| Taxes | 450/3 | €5,573 | €4,579 | -€994 | -17.8% |
| Remuneration and social security | 454/9 | €30,277 | €26,980 | -€3,297 | -10.9% |
| Other amounts payable | 47/48 | €300,247 | €653,224 | +€352,976 | +118% |
| Accrued charges and deferred income | 492/3 | €3,269 | €4,848 | +€1,579 | +48.3% |
| Non-recurring operating income | 76A | €2,893 | €0 | -€2,893 | -100% |
| Remuneration, social security and pensions | 62 | €510,351 | €453,067 | -€57,283 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,456 | €43,644 | +€17,188 | +65.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,515 | €2,779 | +€264 | +10.5% |
| Non-recurring operating charges | 66A | €0 | €2,229 | +€2,229 | |
| Gross operating margin | 9900 | €326,184 | €284,906 | -€41,279 | -12.7% |
| Operating profit (loss) | 9901 | -€213,138 | -€216,814 | -€3,676 | -1.7% |
| Financial income | 75/76B | €67,233 | €69,352 | +€2,118 | +3.2% |
| Recurring financial income | 75 | €67,233 | €69,352 | +€2,118 | +3.2% |
| Financial charges | 65/66B | €4,086 | €3,982 | -€105 | -2.6% |
| Recurring financial charges | 65 | €4,086 | €3,982 | -€105 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€149,991 | -€151,444 | -€1,454 | -1.0% |
| Income taxes | 67/77 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€149,991 | -€151,444 | -€1,454 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€149,991 | -€151,444 | -€1,454 | -1.0% |
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 17 October 2026 via checked.be.