NEVEN WILLY: 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 WILLY
Largest movements
- Cash -€506,797
down €506,797 (-93.0%), from €545,086 to €38,289
mainly Current investments (-€398,747) and Receivables within one year (-€81,739)
- Current investments +€398,747
up €398,747 (+220,290%), from €181 to €398,928
- Receivables within one year +€81,739
up €81,739 (+16,888%), from €484 to €82,223
of which Trade receivables: +€68,762
- Tangible fixed assets -€72,826
down €72,826 (-70.2%), from €103,781 to €30,955
of which Land and buildings: -€53,716
- Debts after one year -€43,969
down €43,969 (-99.0%), from €44,410 to €442
- Tax, wage and social debts -€24,215
down €24,215 (-40.7%), from €59,524 to €35,309
- Profit (loss) carried forward -€22,273
down €22,273, from €0 to -€22,273
- Reserves -€7,950
down €7,950 (-1.7%), from €481,579 to €473,630
- Gross operating margin -€392,616
down €392,616 (-98.3%), from €399,272 to €6,656
- Taxes -€112,224
down €112,224 (-99.8%), from €112,467 to €244
- Depreciation -€39,781
down €39,781 (-74.2%), from €53,648 to €13,867
- Financial charges +€12,567
up €12,567 (+4,385%), from €287 to €12,853
- Financial income +€9,973
up €9,973 (+1,364%), from €731 to €10,704
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 | €652,475 | €552,926 | -€99,549 | -15.3% |
| Fixed assets | 21/28 | €103,781 | €30,955 | -€72,826 | -70.2% |
| Tangible fixed assets | 22/27 | €103,781 | €30,955 | -€72,826 | -70.2% |
| Land and buildings | 22 | €77,285 | €23,569 | -€53,716 | -69.5% |
| Plant, machinery and equipment | 23 | €15,722 | €6,008 | -€9,714 | -61.8% |
| Furniture and vehicles | 24 | €10,774 | €1,377 | -€9,396 | -87.2% |
| Current assets | 29/58 | €548,694 | €521,971 | -€26,723 | -4.9% |
| Amounts receivable within one year | 40/41 | €484 | €82,223 | +€81,739 | +16,888% |
| Trade receivables | 40 | €484 | €69,246 | +€68,762 | +14,207% |
| Other amounts receivable | 41 | €0 | €12,977 | +€12,977 | |
| Current investments | 50/53 | €181 | €398,928 | +€398,747 | +220,290% |
| Cash at bank and in hand | 54/58 | €545,086 | €38,289 | -€506,797 | -93.0% |
| Deferred charges and accrued income | 490/1 | €2,943 | €2,532 | -€411 | -14.0% |
| Total equity and liabilities | 10/49 | €652,475 | €552,926 | -€99,549 | -15.3% |
| Equity | 10/15 | €547,223 | €517,000 | -€30,223 | -5.5% |
| Contributions | 10/11 | €65,644 | €65,644 | = | 0.0% |
| Reserves | 13 | €481,579 | €473,630 | -€7,950 | -1.7% |
| Distributable reserves | 133 | €481,579 | €473,630 | -€7,950 | -1.7% |
| Profit (loss) carried forward | 14 | €0 | -€22,273 | -€22,273 | |
| Amounts payable | 17/49 | €105,252 | €35,926 | -€69,326 | -65.9% |
| Amounts payable after more than one year | 17 | €44,410 | €442 | -€43,969 | -99.0% |
| Other amounts payable | 178/9 | €44,410 | €442 | -€43,969 | -99.0% |
| Amounts payable within one year | 42/48 | €60,842 | €35,485 | -€25,357 | -41.7% |
| Trade debts | 44 | €1,317 | €176 | -€1,142 | -86.7% |
| Suppliers | 440/4 | €1,317 | €176 | -€1,142 | -86.7% |
| Taxes, remuneration and social security | 45 | €59,524 | €35,309 | -€24,215 | -40.7% |
| Taxes | 450/3 | €59,524 | €35,309 | -€24,215 | -40.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €227 | €0 | -€227 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,648 | €13,867 | -€39,781 | -74.2% |
| Other operating charges | 640/8 | €3,250 | €6,882 | +€3,632 | +112% |
| Non-recurring operating charges | 66A | - | €13,738 | +€13,738 | |
| Gross operating margin | 9900 | €399,272 | €6,656 | -€392,616 | -98.3% |
| Operating profit (loss) | 9901 | €342,147 | -€27,830 | -€369,977 | |
| Financial income | 75/76B | €731 | €10,704 | +€9,973 | +1,364% |
| Recurring financial income | 75 | €731 | €10,704 | +€9,973 | +1,364% |
| Financial charges | 65/66B | €287 | €12,853 | +€12,567 | +4,385% |
| Recurring financial charges | 65 | €287 | €12,853 | +€12,567 | +4,385% |
| Profit (loss) for the period before taxes | 9903 | €342,592 | -€29,980 | -€372,571 | |
| Income taxes | 67/77 | €112,467 | €244 | -€112,224 | -99.8% |
| Profit (loss) for the period | 9904 | €230,124 | -€30,223 | -€260,348 | |
| Profit (loss) for the period to be appropriated | 9905 | €230,124 | -€30,223 | -€260,348 |
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 24 October 2026 via checked.be.