Neyt: 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.
What changed
Neyt
NACE 31.004, Manufacture of dining room, living room, bedroom and bathroom furniture
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€190,507
2024 · €2.0m-€2.2m
Equity
€22.9m
2024 · €23.1m-€190,507
Cash
€246,621
2024 · €720,233-€473,611
Balance sheet total
€23.1m
2024 · €24.7m-€1.7m
Largest movements
Assets
- Receivables within one year -€1.1m
down €1.1m (-17.2%), from €6.5m to €5.4m
of which Other amounts receivable: -€1.1m
- Cash -€473,611
down €473,611 (-65.8%), from €720,233 to €246,621
mainly Other debts (-€1.5m) and Investment in fixed assets (net) (-€253,677)
- Deferred charges and accrued income -€364,470
down €364,470 (-94.6%), from €385,127 to €20,658
Equity and liabilities
- Other debts -€1.5m
down €1.5m (-98.8%), from €1.5m to €18,163
Income statement
- Financial income -€2.1m
down €2.1m (-85.5%), from €2.4m to €352,840
- Gross operating margin -€143,601
down €143,601 (-13.7%), from €1.0m to €902,764
- Financial charges -€91,184
down €91,184 (-43.7%), from €208,487 to €117,303
- Staff costs +€54,225
up €54,225 (+5.4%), from €1.0m to €1.1m
- Taxes +€41,866
up €41,866, from -€41,580 to €286
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
€2.0m
Gross operating margin
-€143,601
Staff costs
-€54,225
Depreciation
-€14,464
Write-downs
+€15,200
Other operating charges
-€15,995
Financial income
-€2.1m
Financial charges
+€91,184
Taxes
-€41,866
Result 2025
-€190,507
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
-€55,728
Investment
-€417,883
Financing
€0
Cash 2024
€720,233
From operations (derived)
-€55,728
Net result for the year
-€190,507
Depreciation
+€32,197
Stocks and contracts
+€104,801
Receivables within one year
+€1.1m
Deferred charges and accrued income
+€364,470
Trade debts
+€1,924
Tax, wage and social debts
+€16,719
Other debts
-€1.5m
Investment (derived)
-€417,883
Investment in fixed assets (net)
-€253,677
Current investments
-€164,206
Cash 2025
€246,621
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,734,688 | €23,063,699 | -€1.7m | -6.8% |
| Fixed assets | 21/28 | €559,182 | €780,662 | +€221,480 | +39.6% |
| Tangible fixed assets | 22/27 | €559,182 | €780,662 | +€221,480 | +39.6% |
| Land and buildings | 22 | €348,780 | €576,138 | +€227,358 | +65.2% |
| Plant, machinery and equipment | 23 | €52,899 | €53,615 | +€716 | +1.4% |
| Other tangible fixed assets | 26 | €157,503 | €150,909 | -€6,594 | -4.2% |
| Current assets | 29/58 | €24,175,506 | €22,283,037 | -€1.9m | -7.8% |
| Stocks and contracts in progress | 3 | €3,151,962 | €3,047,161 | -€104,801 | -3.3% |
| Stocks | 30/36 | €3,151,962 | €3,047,161 | -€104,801 | -3.3% |
| Amounts receivable within one year | 40/41 | €6,484,440 | €5,370,647 | -€1.1m | -17.2% |
| Trade receivables | 40 | €309,106 | €272,111 | -€36,995 | -12.0% |
| Other amounts receivable | 41 | €6,175,333 | €5,098,536 | -€1.1m | -17.4% |
| Current investments | 50/53 | €13,433,744 | €13,597,950 | +€164,206 | +1.2% |
| Cash at bank and in hand | 54/58 | €720,233 | €246,621 | -€473,611 | -65.8% |
| Deferred charges and accrued income | 490/1 | €385,127 | €20,658 | -€364,470 | -94.6% |
| Total equity and liabilities | 10/49 | €24,734,688 | €23,063,699 | -€1.7m | -6.8% |
| Equity | 10/15 | €23,061,746 | €22,871,239 | -€190,507 | -0.8% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Capital | 10 | €600,000 | €600,000 | = | 0.0% |
| Issued capital | 100 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €22,461,746 | €22,271,239 | -€190,507 | -0.8% |
| Non-distributable reserves | 130/1 | €161,131 | €161,131 | = | 0.0% |
| Legal reserve | 130 | €161,131 | €161,131 | = | 0.0% |
| Tax-exempt reserves | 132 | €389,242 | €389,242 | = | 0.0% |
| Distributable reserves | 133 | €21,911,373 | €21,720,866 | -€190,507 | -0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €5,949 | €5,949 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,949 | €5,949 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,949 | €5,949 | = | 0.0% |
| Amounts payable | 17/49 | €1,666,992 | €186,511 | -€1.5m | -88.8% |
| Amounts payable within one year | 42/48 | €1,666,992 | €186,511 | -€1.5m | -88.8% |
| Trade debts | 44 | €9,766 | €11,690 | +€1,924 | +19.7% |
| Suppliers | 440/4 | €9,766 | €11,690 | +€1,924 | +19.7% |
| Taxes, remuneration and social security | 45 | €139,938 | €156,657 | +€16,719 | +11.9% |
| Taxes | 450/3 | €45,485 | €32,208 | -€13,277 | -29.2% |
| Remuneration and social security | 454/9 | €94,452 | €124,449 | +€29,997 | +31.8% |
| Other amounts payable | 47/48 | €1,517,288 | €18,163 | -€1.5m | -98.8% |
| Remuneration, social security and pensions | 62 | €1,013,361 | €1,067,585 | +€54,225 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,734 | €32,197 | +€14,464 | +81.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,200 | €0 | -€15,200 | -100.0% |
| Other operating charges | 640/8 | €212,744 | €228,739 | +€15,995 | +7.5% |
| Gross operating margin | 9900 | €1,046,365 | €902,764 | -€143,601 | -13.7% |
| Operating profit (loss) | 9901 | -€212,674 | -€425,758 | -€213,084 | -100.2% |
| Financial income | 75/76B | €2,426,594 | €352,840 | -€2.1m | -85.5% |
| Recurring financial income | 75 | €2,426,594 | €352,840 | -€2.1m | -85.5% |
| Financial charges | 65/66B | €208,487 | €117,303 | -€91,184 | -43.7% |
| Recurring financial charges | 65 | €208,487 | €117,303 | -€91,184 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €2,005,433 | -€190,221 | -€2.2m | |
| Income taxes | 67/77 | -€41,580 | €286 | +€41,866 | |
| Profit (loss) for the period | 9904 | €2,047,013 | -€190,507 | -€2.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,047,013 | -€190,507 | -€2.2m |
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 9 October 2026 via checked.be.