NEW NEPTUNE: 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.
NEW NEPTUNE
Largest movements
- Cash +€82,729
up €82,729 (+26.6%), from €311,162 to €393,891
mainly Net result for the year (+€91,671) and Other debts (+€13,447)
- Receivables within one year +€12,628
up €12,628 (+409%), from €3,084 to €15,713
- Tangible fixed assets +€11,664
up €11,664 (+99.7%), from €11,698 to €23,362
of which Furniture and vehicles: +€9,127
- Reserves +€91,671
up €91,671 (+25.1%), from €365,286 to €456,957
- Other debts +€13,447
up €13,447 (+47.7%), from €28,189 to €41,636
- Tax, wage and social debts -€6,435
down €6,435 (-23.4%), from €27,480 to €21,045
of which Taxes: -€7,975
- Gross operating margin -€38,439
down €38,439 (-15.3%), from €251,539 to €213,100
- Taxes -€28,442
down €28,442 (-39.4%), from €72,196 to €43,755
- Financial income +€9,883
up €9,883 (+3,623%), from €273 to €10,156
- Staff costs +€9,392
up €9,392 (+15.5%), from €60,527 to €69,920
- Other operating charges -€6,692
down €6,692 (-69.0%), from €9,692 to €3,000
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 | €486,267 | €591,654 | +€105,387 | +21.7% |
| Fixed assets | 21/28 | €11,818 | €23,482 | +€11,664 | +98.7% |
| Tangible fixed assets | 22/27 | €11,698 | €23,362 | +€11,664 | +99.7% |
| Plant, machinery and equipment | 23 | €6,713 | €5,985 | -€729 | -10.9% |
| Furniture and vehicles | 24 | €4,985 | €14,112 | +€9,127 | +183% |
| Other tangible fixed assets | 26 | - | €3,265 | +€3,265 | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €474,449 | €568,172 | +€93,723 | +19.8% |
| Stocks and contracts in progress | 3 | €9,945 | €9,130 | -€815 | -8.2% |
| Stocks | 30/36 | €9,945 | €9,130 | -€815 | -8.2% |
| Amounts receivable within one year | 40/41 | €3,084 | €15,713 | +€12,628 | +409% |
| Other amounts receivable | 41 | €3,084 | €15,713 | +€12,628 | +409% |
| Current investments | 50/53 | €149,928 | €149,438 | -€491 | -0.3% |
| Cash at bank and in hand | 54/58 | €311,162 | €393,891 | +€82,729 | +26.6% |
| Deferred charges and accrued income | 490/1 | €329 | - | -€329 | |
| Total equity and liabilities | 10/49 | €486,267 | €591,654 | +€105,387 | +21.7% |
| Equity | 10/15 | €405,928 | €497,599 | +€91,671 | +22.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Contributions outside capital | 11 | €19,000 | €19,000 | = | 0.0% |
| Other | 1109/19 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €365,286 | €456,957 | +€91,671 | +25.1% |
| Distributable reserves | 133 | €365,286 | €456,957 | +€91,671 | +25.1% |
| Profit (loss) carried forward | 14 | €21,643 | €21,643 | = | 0.0% |
| Amounts payable | 17/49 | €80,339 | €94,054 | +€13,716 | +17.1% |
| Amounts payable within one year | 42/48 | €78,582 | €89,825 | +€11,244 | +14.3% |
| Trade debts | 44 | €22,913 | €27,145 | +€4,232 | +18.5% |
| Suppliers | 440/4 | €22,913 | €27,145 | +€4,232 | +18.5% |
| Taxes, remuneration and social security | 45 | €27,480 | €21,045 | -€6,435 | -23.4% |
| Taxes | 450/3 | €22,531 | €14,556 | -€7,975 | -35.4% |
| Remuneration and social security | 454/9 | €4,949 | €6,489 | +€1,540 | +31.1% |
| Other amounts payable | 47/48 | €28,189 | €41,636 | +€13,447 | +47.7% |
| Accrued charges and deferred income | 492/3 | €1,757 | €4,229 | +€2,472 | +141% |
| Remuneration, social security and pensions | 62 | €60,527 | €69,920 | +€9,392 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,747 | €7,725 | -€1,022 | -11.7% |
| Other operating charges | 640/8 | €9,692 | €3,000 | -€6,692 | -69.0% |
| Gross operating margin | 9900 | €251,539 | €213,100 | -€38,439 | -15.3% |
| Operating profit (loss) | 9901 | €172,573 | €132,456 | -€40,118 | -23.2% |
| Financial income | 75/76B | €273 | €10,156 | +€9,883 | +3,623% |
| Recurring financial income | 75 | €273 | €10,156 | +€9,883 | +3,623% |
| Financial charges | 65/66B | €5,908 | €7,185 | +€1,278 | +21.6% |
| Recurring financial charges | 65 | €5,908 | €7,185 | +€1,278 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €166,938 | €135,426 | -€31,512 | -18.9% |
| Income taxes | 67/77 | €72,196 | €43,755 | -€28,442 | -39.4% |
| Profit (loss) for the period | 9904 | €94,742 | €91,671 | -€3,071 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €94,742 | €91,671 | -€3,071 | -3.2% |
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 31 October 2026 via checked.be.