NEVEN: 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.
NEVEN
Largest movements
- Cash +€171,840
up €171,840 (+22.6%), from €759,871 to €931,711
mainly Net result for the year (+€173,949) and Tax, wage and social debts (+€28,513)
- Tangible fixed assets -€23,359
down €23,359 (-27.3%), from €85,410 to €62,051
of which Land and buildings: -€19,925
- Reserves +€163,949
up €163,949 (+22.8%), from €720,563 to €884,512
- Tax, wage and social debts +€28,513
up €28,513 (+136.8%), from €20,837 to €49,350
- Other debts -€26,087
down €26,087 (-33.7%), from €77,364 to €51,277
- Current portion of long-term debt -€14,578
no longer reported in 2025 (was €14,578)
- Financial income +€13,920
up €13,920 (+357.5%), from €3,894 to €17,814
- Gross operating margin -€12,257
down €12,257 (-4.6%), from €268,944 to €256,687
- Depreciation -€5,112
down €5,112 (-18.0%), from €28,471 to €23,359
- Taxes +€2,815
up €2,815 (+3.8%), from €73,898 to €76,713
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 | €848,990 | €997,539 | +€148,549 | +17.5% |
| Fixed assets | 21/28 | €85,410 | €62,051 | -€23,359 | -27.3% |
| Tangible fixed assets | 22/27 | €85,410 | €62,051 | -€23,359 | -27.3% |
| Land and buildings | 22 | €58,216 | €38,291 | -€19,925 | -34.2% |
| Plant, machinery and equipment | 23 | €27,194 | €23,760 | -€3,434 | -12.6% |
| Current assets | 29/58 | €763,580 | €935,488 | +€171,908 | +22.5% |
| Cash at bank and in hand | 54/58 | €759,871 | €931,711 | +€171,840 | +22.6% |
| Deferred charges and accrued income | 490/1 | €3,709 | €3,777 | +€68 | +1.8% |
| Total equity and liabilities | 10/49 | €848,990 | €997,539 | +€148,549 | +17.5% |
| Equity | 10/15 | €732,963 | €896,912 | +€163,949 | +22.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €720,563 | €884,512 | +€163,949 | +22.8% |
| Distributable reserves | 133 | €720,563 | €884,512 | +€163,949 | +22.8% |
| Amounts payable | 17/49 | €116,027 | €100,627 | -€15,400 | -13.3% |
| Amounts payable within one year | 42/48 | €114,227 | €100,627 | -€13,600 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €14,578 | - | -€14,578 | |
| Trade debts | 44 | €1,448 | - | -€1,448 | |
| Suppliers | 440/4 | €1,448 | - | -€1,448 | |
| Taxes, remuneration and social security | 45 | €20,837 | €49,350 | +€28,513 | +136.8% |
| Taxes | 450/3 | €20,837 | €49,350 | +€28,513 | +136.8% |
| Other amounts payable | 47/48 | €77,364 | €51,277 | -€26,087 | -33.7% |
| Accrued charges and deferred income | 492/3 | €1,800 | - | -€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,471 | €23,359 | -€5,112 | -18.0% |
| Gross operating margin | 9900 | €268,944 | €256,687 | -€12,257 | -4.6% |
| Operating profit (loss) | 9901 | €240,473 | €233,328 | -€7,145 | -3.0% |
| Financial income | 75/76B | €3,894 | €17,814 | +€13,920 | +357.5% |
| Recurring financial income | 75 | €3,894 | €17,814 | +€13,920 | +357.5% |
| Financial charges | 65/66B | €690 | €480 | -€210 | -30.4% |
| Recurring financial charges | 65 | €690 | €480 | -€210 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €243,677 | €250,662 | +€6,985 | +2.9% |
| Income taxes | 67/77 | €73,898 | €76,713 | +€2,815 | +3.8% |
| Profit (loss) for the period | 9904 | €169,779 | €173,949 | +€4,170 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €169,779 | €173,949 | +€4,170 | +2.5% |
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 7 October 2026 via checked.be.