NEY: 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.
NEY
Largest movements
- Tangible fixed assets -€128,957
down €128,957 (-5.3%), from €2.4m to €2.3m
of which Land and buildings: -€82,157
- Receivables within one year +€27,286
up €27,286 (+341.0%), from €8,003 to €35,288
of which Trade receivables: +€35,288
- Debts after one year -€148,291
down €148,291 (-27.8%), from €532,567 to €384,276
- Other debts +€41,950
up €41,950 (+5.8%), from €724,237 to €766,187
- Financial charges -€4,481
down €4,481 (-22.8%), from €19,662 to €15,182
- Gross operating margin -€4,142
down €4,142 (-1.9%), from €218,082 to €213,940
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 | €2,537,727 | €2,403,279 | -€134,448 | -5.3% |
| Fixed assets | 21/28 | €2,521,194 | €2,367,036 | -€154,157 | -6.1% |
| Intangible fixed assets | 21 | €100,593 | €75,393 | -€25,200 | -25.1% |
| Tangible fixed assets | 22/27 | €2,420,601 | €2,291,644 | -€128,957 | -5.3% |
| Land and buildings | 22 | €2,233,786 | €2,151,628 | -€82,157 | -3.7% |
| Plant, machinery and equipment | 23 | €186,815 | €140,015 | -€46,800 | -25.1% |
| Current assets | 29/58 | €16,533 | €36,242 | +€19,709 | +119.2% |
| Amounts receivable within one year | 40/41 | €8,003 | €35,288 | +€27,286 | +341.0% |
| Trade receivables | 40 | - | €35,288 | +€35,288 | |
| Other amounts receivable | 41 | €8,003 | - | -€8,003 | |
| Cash at bank and in hand | 54/58 | €8,199 | €623 | -€7,576 | -92.4% |
| Deferred charges and accrued income | 490/1 | €331 | €331 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,537,727 | €2,403,279 | -€134,448 | -5.3% |
| Equity | 10/15 | €1,035,286 | €1,035,667 | +€380 | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €967,515 | €967,515 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,771 | €46,151 | +€380 | +0.8% |
| Amounts payable | 17/49 | €1,502,440 | €1,367,612 | -€134,828 | -9.0% |
| Amounts payable after more than one year | 17 | €532,567 | €384,276 | -€148,291 | -27.8% |
| Financial debts | 170/4 | €532,567 | €384,276 | -€148,291 | -27.8% |
| Amounts payable within one year | 42/48 | €969,874 | €983,336 | +€13,463 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €148,436 | €148,291 | -€145 | -0.1% |
| Financial debts | 43 | €20,901 | €8,426 | -€12,474 | -59.7% |
| Credit institutions | 430/8 | €20,901 | €8,426 | -€12,474 | -59.7% |
| Trade debts | 44 | €60,964 | €46,586 | -€14,378 | -23.6% |
| Suppliers | 440/4 | €51,837 | €46,586 | -€5,251 | -10.1% |
| Bills of exchange payable | 441 | €9,127 | - | -€9,127 | |
| Taxes, remuneration and social security | 45 | €15,337 | €13,847 | -€1,490 | -9.7% |
| Taxes | 450/3 | €15,337 | €13,847 | -€1,490 | -9.7% |
| Other amounts payable | 47/48 | €724,237 | €766,187 | +€41,950 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,157 | €154,157 | = | 0.0% |
| Other operating charges | 640/8 | €17,659 | €18,279 | +€620 | +3.5% |
| Gross operating margin | 9900 | €218,082 | €213,940 | -€4,142 | -1.9% |
| Operating profit (loss) | 9901 | €46,266 | €41,504 | -€4,761 | -10.3% |
| Financial charges | 65/66B | €19,662 | €15,182 | -€4,481 | -22.8% |
| Recurring financial charges | 65 | €19,662 | €15,182 | -€4,481 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €26,603 | €26,323 | -€281 | -1.1% |
| Income taxes | 67/77 | €26,369 | €25,942 | -€426 | -1.6% |
| Profit (loss) for the period | 9904 | €235 | €380 | +€146 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €235 | €380 | +€146 | +62.1% |
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 5 October 2026 via checked.be.