NEYBOR HOLDING: 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.
What changed
NEYBOR HOLDING
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€27,070
2024 · -€174,495+€147,426
Equity
-€141,450
2024 · -€114,380-€27,070
Cash
€32,823
2024 · €10,275+€22,548
Balance sheet total
€17.3m
2024 · €15.7m+€1.6m
Largest movements
Assets
- Financial fixed assets +€1.5m
up €1.5m (+12.7%), from €11.6m to €13.1m
Equity and liabilities
- Short-term financial debts +€2.7m
new in 2025: €2.7m
- Debts after one year -€1.1m
down €1.1m (-7.0%), from €15.8m to €14.7m
of which Financial debts: -€1.1m
Income statement
- Gross operating margin +€124,966
up €124,966 (+83.2%), from €150,238 to €275,204
- Financial charges -€37,760
down €37,760 (-21.6%), from €175,062 to €137,302
- Depreciation +€17,539
up €17,539 (+14.2%), from €123,359 to €140,897
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.
Result 2024
-€174,495
Gross operating margin
+€124,966
Depreciation
-€17,539
Other operating charges
+€2,238
Financial charges
+€37,760
Result 2025
-€27,070
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.
From operations
+€148,633
Investment
-€1.7m
Financing
+€1.6m
Cash 2024
€10,275
From operations (derived)
+€148,633
Net result for the year
-€27,070
Depreciation
+€140,897
Receivables within one year
-€20,750
Deferred charges and accrued income
-€66
Trade debts
+€68,064
Accrued charges and deferred income
-€12,443
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
+€1.6m
Debts after one year
-€1.1m
Short-term financial debts
+€2.7m
Cash 2025
€32,823
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,713,742 | €17,325,143 | +€1.6m | +10.3% |
| Fixed assets | 21/28 | €15,703,361 | €17,271,398 | +€1.6m | +10.0% |
| Tangible fixed assets | 22/27 | €4,120,906 | €4,212,932 | +€92,026 | +2.2% |
| Land and buildings | 22 | €4,120,906 | €4,212,932 | +€92,026 | +2.2% |
| Financial fixed assets | 28 | €11,582,455 | €13,058,466 | +€1.5m | +12.7% |
| Current assets | 29/58 | €10,381 | €53,745 | +€43,364 | +417.7% |
| Amounts receivable within one year | 40/41 | €0 | €20,750 | +€20,750 | |
| Trade receivables | 40 | €0 | €20,750 | +€20,750 | |
| Cash at bank and in hand | 54/58 | €10,275 | €32,823 | +€22,548 | +219.5% |
| Deferred charges and accrued income | 490/1 | €107 | €173 | +€66 | +61.7% |
| Total equity and liabilities | 10/49 | €15,713,742 | €17,325,143 | +€1.6m | +10.3% |
| Equity | 10/15 | -€114,380 | -€141,450 | -€27,070 | -23.7% |
| Contributions | 10/11 | €528,000 | €528,000 | = | 0.0% |
| Capital | 10 | €128,000 | €128,000 | = | 0.0% |
| Issued capital | 100 | €128,000 | €128,000 | = | 0.0% |
| Contributions outside capital | 11 | €400,000 | €400,000 | = | 0.0% |
| Share premium | 1100/10 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€642,380 | -€669,450 | -€27,070 | -4.2% |
| Amounts payable | 17/49 | €15,828,123 | €17,466,593 | +€1.6m | +10.4% |
| Amounts payable after more than one year | 17 | €15,754,179 | €14,655,013 | -€1.1m | -7.0% |
| Financial debts | 170/4 | €15,749,614 | €14,655,013 | -€1.1m | -7.0% |
| Other amounts payable | 178/9 | €4,565 | €0 | -€4,565 | -100.0% |
| Amounts payable within one year | 42/48 | €61,501 | €2,811,580 | +€2.8m | +4471.6% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 43 | - | €2,682,016 | +€2.7m | |
| Credit institutions | 430/8 | - | €2,682,016 | +€2.7m | |
| Trade debts | 44 | €21,501 | €89,565 | +€68,064 | +316.6% |
| Suppliers | 440/4 | €21,501 | €89,565 | +€68,064 | +316.6% |
| Accrued charges and deferred income | 492/3 | €12,443 | €0 | -€12,443 | -100.0% |
| Non-recurring operating income | 76A | - | €395 | +€395 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,359 | €140,897 | +€17,539 | +14.2% |
| Other operating charges | 640/8 | €26,312 | €24,075 | -€2,238 | -8.5% |
| Gross operating margin | 9900 | €150,238 | €275,204 | +€124,966 | +83.2% |
| Operating profit (loss) | 9901 | €567 | €110,232 | +€109,665 | +19339.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €175,062 | €137,302 | -€37,760 | -21.6% |
| Recurring financial charges | 65 | €175,062 | €137,302 | -€37,760 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€174,495 | -€27,070 | +€147,426 | +84.5% |
| Profit (loss) for the period | 9904 | -€174,495 | -€27,070 | +€147,426 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€174,495 | -€27,070 | +€147,426 | +84.5% |
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 12 October 2026 via checked.be.