Neven & Bex: 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.
Neven & Bex
Largest movements
- Cash -€2.4m
down €2.4m (-80.7%), from €3.0m to €581,666
mainly Trade debts (-€1.8m) and Other debts (-€483,305)
- Intangible fixed assets -€138,982
down €138,982 (-14.0%), from €991,692 to €852,709
- Receivables within one year -€42,734
down €42,734 (-42.8%), from €99,938 to €57,204
of which Other amounts receivable: -€27,035
- Trade debts -€1.8m
down €1.8m (-98.8%), from €1.9m to €23,139
- Other debts -€483,305
down €483,305 (-48.0%), from €1.0m to €524,324
- Profit (loss) carried forward -€119,017
down €119,017 (-81.6%), from €145,818 to €26,801
- Debts after one year -€112,111
down €112,111 (-13.1%), from €855,621 to €743,510
- Gross operating margin +€180,172
up €180,172 (+22.6%), from €796,570 to €976,742
- Staff costs -€71,008
down €71,008 (-13.3%), from €533,228 to €462,220
- Financial charges -€10,105
down €10,105 (-55.2%), from €18,321 to €8,216
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 | €4,129,189 | €1,562,091 | -€2.6m | -62.2% |
| Fixed assets | 21/28 | €1,014,609 | €914,557 | -€100,052 | -9.9% |
| Intangible fixed assets | 21 | €991,692 | €852,709 | -€138,982 | -14.0% |
| Tangible fixed assets | 22/27 | €21,711 | €60,641 | +€38,930 | +179% |
| Furniture and vehicles | 24 | €21,711 | €60,641 | +€38,930 | +179% |
| Financial fixed assets | 28 | €1,206 | €1,206 | = | 0.0% |
| Current assets | 29/58 | €3,114,580 | €647,534 | -€2.5m | -79.2% |
| Amounts receivable within one year | 40/41 | €99,938 | €57,204 | -€42,734 | -42.8% |
| Trade receivables | 40 | €69,512 | €53,813 | -€15,699 | -22.6% |
| Other amounts receivable | 41 | €30,426 | €3,391 | -€27,035 | -88.9% |
| Cash at bank and in hand | 54/58 | €3,010,116 | €581,666 | -€2.4m | -80.7% |
| Deferred charges and accrued income | 490/1 | €4,527 | €8,664 | +€4,137 | +91.4% |
| Total equity and liabilities | 10/49 | €4,129,189 | €1,562,091 | -€2.6m | -62.2% |
| Equity | 10/15 | €150,818 | €31,801 | -€119,017 | -78.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,818 | €26,801 | -€119,017 | -81.6% |
| Amounts payable | 17/49 | €3,978,372 | €1,530,290 | -€2.4m | -61.5% |
| Amounts payable after more than one year | 17 | €855,621 | €743,510 | -€112,111 | -13.1% |
| Financial debts | 170/4 | €855,621 | €743,510 | -€112,111 | -13.1% |
| Amounts payable within one year | 42/48 | €3,107,473 | €786,561 | -€2.3m | -74.7% |
| Current portion of amounts payable after more than one year | 42 | €140,650 | €152,147 | +€11,497 | +8.2% |
| Trade debts | 44 | €1,869,526 | €23,139 | -€1.8m | -98.8% |
| Suppliers | 440/4 | €1,869,526 | €23,139 | -€1.8m | -98.8% |
| Taxes, remuneration and social security | 45 | €89,669 | €86,952 | -€2,717 | -3.0% |
| Taxes | 450/3 | €40,321 | €35,931 | -€4,391 | -10.9% |
| Remuneration and social security | 454/9 | €49,348 | €51,021 | +€1,674 | +3.4% |
| Other amounts payable | 47/48 | €1,007,628 | €524,324 | -€483,305 | -48.0% |
| Accrued charges and deferred income | 492/3 | €15,278 | €218 | -€15,059 | -98.6% |
| Remuneration, social security and pensions | 62 | €533,228 | €462,220 | -€71,008 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,181 | €152,598 | +€417 | +0.3% |
| Other operating charges | 640/8 | €15,548 | €22,287 | +€6,740 | +43.3% |
| Gross operating margin | 9900 | €796,570 | €976,742 | +€180,172 | +22.6% |
| Operating profit (loss) | 9901 | €95,613 | €339,636 | +€244,023 | +255% |
| Financial income | 75/76B | €3,885 | €9,121 | +€5,236 | +135% |
| Recurring financial income | 75 | €3,885 | €9,121 | +€5,236 | +135% |
| Financial charges | 65/66B | €18,321 | €8,216 | -€10,105 | -55.2% |
| Recurring financial charges | 65 | €18,321 | €8,216 | -€10,105 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €81,178 | €340,541 | +€259,363 | +320% |
| Income taxes | 67/77 | €11,364 | €13,740 | +€2,376 | +20.9% |
| Profit (loss) for the period | 9904 | €69,813 | €326,801 | +€256,988 | +368% |
| Profit (loss) for the period to be appropriated | 9905 | €69,813 | €326,801 | +€256,988 | +368% |
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 19 October 2026 via checked.be.