NEY & LA: 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 & LA
Largest movements
- Financial fixed assets -€93,500
no longer reported in 2025 (was €93,500)
- Cash +€74,133
up €74,133 (+3976.4%), from €1,864 to €75,998
mainly Investment in fixed assets (net) (+€93,500) and Net result for the year (+€22,846)
- Tangible fixed assets -€13,769
down €13,769 (-20.6%), from €66,847 to €53,078
- Other debts -€33,168
down €33,168 (-55.6%), from €59,660 to €26,492
- Profit (loss) carried forward +€22,846
up €22,846 (+28.6%), from €79,986 to €102,832
- Debts after one year -€11,942
down €11,942 (-75.0%), from €15,923 to €3,981
- Trade debts -€11,508
no longer reported in 2025 (was €11,508)
- Tax, wage and social debts +€1,973
up €1,973 (+8.2%), from €23,995 to €25,968
of which Taxes: +€1,973
- Gross operating margin -€33,302
down €33,302 (-41.1%), from €80,940 to €47,638
- Taxes -€6,434
down €6,434 (-40.6%), from €15,844 to €9,410
- Depreciation +€2,935
up €2,935 (+27.1%), from €10,834 to €13,769
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 | €191,572 | €159,773 | -€31,799 | -16.6% |
| Fixed assets | 21/28 | €160,347 | €53,078 | -€107,269 | -66.9% |
| Tangible fixed assets | 22/27 | €66,847 | €53,078 | -€13,769 | -20.6% |
| Furniture and vehicles | 24 | €66,847 | €53,078 | -€13,769 | -20.6% |
| Financial fixed assets | 28 | €93,500 | - | -€93,500 | |
| Current assets | 29/58 | €31,225 | €106,695 | +€75,470 | +241.7% |
| Amounts receivable within one year | 40/41 | €29,361 | €30,698 | +€1,337 | +4.6% |
| Trade receivables | 40 | €28,538 | €30,698 | +€2,160 | +7.6% |
| Other amounts receivable | 41 | €823 | - | -€823 | |
| Cash at bank and in hand | 54/58 | €1,864 | €75,998 | +€74,133 | +3976.4% |
| Total equity and liabilities | 10/49 | €191,572 | €159,773 | -€31,799 | -16.6% |
| Equity | 10/15 | €80,486 | €103,332 | +€22,846 | +28.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,986 | €102,832 | +€22,846 | +28.6% |
| Amounts payable | 17/49 | €111,086 | €56,441 | -€54,645 | -49.2% |
| Amounts payable after more than one year | 17 | €15,923 | €3,981 | -€11,942 | -75.0% |
| Financial debts | 170/4 | €15,923 | €3,981 | -€11,942 | -75.0% |
| Amounts payable within one year | 42/48 | €95,163 | €52,460 | -€42,704 | -44.9% |
| Trade debts | 44 | €11,508 | - | -€11,508 | |
| Suppliers | 440/4 | €11,508 | - | -€11,508 | |
| Taxes, remuneration and social security | 45 | €23,995 | €25,968 | +€1,973 | +8.2% |
| Taxes | 450/3 | €23,995 | €25,968 | +€1,973 | +8.2% |
| Remuneration and social security | 454/9 | €0 | - | -€0 | |
| Other amounts payable | 47/48 | €59,660 | €26,492 | -€33,168 | -55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,834 | €13,769 | +€2,935 | +27.1% |
| Other operating charges | 640/8 | €1,432 | €1,442 | +€10 | +0.7% |
| Gross operating margin | 9900 | €80,940 | €47,638 | -€33,302 | -41.1% |
| Operating profit (loss) | 9901 | €68,674 | €32,427 | -€36,247 | -52.8% |
| Financial charges | 65/66B | €141 | €170 | +€30 | +21.2% |
| Recurring financial charges | 65 | €141 | €170 | +€30 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €68,533 | €32,256 | -€36,277 | -52.9% |
| Income taxes | 67/77 | €15,844 | €9,410 | -€6,434 | -40.6% |
| Profit (loss) for the period | 9904 | €52,689 | €22,846 | -€29,843 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,689 | €22,846 | -€29,843 | -56.6% |
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 8 October 2026 via checked.be.