'T NEERHOF: 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.
'T NEERHOF
Largest movements
- Cash -€62,090
down €62,090 (-57.7%), from €107,564 to €45,474
mainly Net result for the year (-€29,797) and Other debts (-€19,274)
- Receivables within one year +€9,569
up €9,569 (+63.1%), from €15,172 to €24,741
of which Other amounts receivable: +€22,378
- Tangible fixed assets -€2,451
down €2,451 (-9.6%), from €25,626 to €23,175
of which Furniture and vehicles: -€6,180
- Other debts -€19,274
down €19,274 (-52.5%), from €36,737 to €17,463
- Reserves -€16,628
down €16,628 (-21.7%), from €76,721 to €60,093
of which Distributable reserves: -€16,629
- Profit (loss) carried forward -€13,169
no longer reported in 2025 (was €13,169)
- Tax, wage and social debts -€3,451
down €3,451 (-71.9%), from €4,800 to €1,349
- Other operating charges +€14,836
up €14,836 (+1,374%), from €1,080 to €15,916
- Taxes -€5,000
down €5,000, from €2,500 to -€2,500
- Gross operating margin +€3,635
up €3,635 (+38.4%), from -€9,467 to -€5,832
- Depreciation -€2,558
down €2,558 (-33.1%), from €7,737 to €5,179
- Financial charges +€410
up €410 (+673%), from €61 to €471
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 | €152,772 | €97,801 | -€54,971 | -36.0% |
| Fixed assets | 21/28 | €25,626 | €23,175 | -€2,451 | -9.6% |
| Tangible fixed assets | 22/27 | €25,626 | €23,175 | -€2,451 | -9.6% |
| Plant, machinery and equipment | 23 | €906 | €4,635 | +€3,729 | +412% |
| Furniture and vehicles | 24 | €24,720 | €18,540 | -€6,180 | -25.0% |
| Current assets | 29/58 | €127,146 | €74,626 | -€52,520 | -41.3% |
| Stocks and contracts in progress | 3 | €4,410 | €4,410 | = | 0.0% |
| Stocks | 30/36 | €4,410 | €4,410 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,172 | €24,741 | +€9,569 | +63.1% |
| Trade receivables | 40 | €12,950 | €141 | -€12,809 | -98.9% |
| Other amounts receivable | 41 | €2,222 | €24,600 | +€22,378 | +1,007% |
| Cash at bank and in hand | 54/58 | €107,564 | €45,474 | -€62,090 | -57.7% |
| Total equity and liabilities | 10/49 | €152,772 | €97,801 | -€54,971 | -36.0% |
| Equity | 10/15 | €108,482 | €78,685 | -€29,797 | -27.5% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €76,721 | €60,093 | -€16,628 | -21.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | +€0 | 0.0% |
| Distributable reserves | 133 | €74,862 | €58,233 | -€16,629 | -22.2% |
| Profit (loss) carried forward | 14 | €13,169 | - | -€13,169 | |
| Amounts payable | 17/49 | €44,290 | €19,116 | -€25,174 | -56.8% |
| Amounts payable within one year | 42/48 | €44,290 | €19,116 | -€25,174 | -56.8% |
| Current portion of amounts payable after more than one year | 42 | €1,204 | - | -€1,204 | |
| Trade debts | 44 | €1,549 | €305 | -€1,245 | -80.3% |
| Suppliers | 440/4 | €1,549 | €305 | -€1,245 | -80.3% |
| Taxes, remuneration and social security | 45 | €4,800 | €1,349 | -€3,451 | -71.9% |
| Taxes | 450/3 | €4,800 | €1,349 | -€3,451 | -71.9% |
| Other amounts payable | 47/48 | €36,737 | €17,463 | -€19,274 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,737 | €5,179 | -€2,558 | -33.1% |
| Other operating charges | 640/8 | €1,080 | €15,916 | +€14,836 | +1,374% |
| Non-recurring operating charges | 66A | - | €4,900 | +€4,900 | |
| Gross operating margin | 9900 | -€9,467 | -€5,832 | +€3,635 | +38.4% |
| Operating profit (loss) | 9901 | -€18,284 | -€31,827 | -€13,543 | -74.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €61 | €471 | +€410 | +673% |
| Recurring financial charges | 65 | €61 | €471 | +€410 | +673% |
| Profit (loss) for the period before taxes | 9903 | -€18,345 | -€32,297 | -€13,952 | -76.1% |
| Income taxes | 67/77 | €2,500 | -€2,500 | -€5,000 | |
| Profit (loss) for the period | 9904 | -€20,845 | -€29,797 | -€8,952 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,845 | -€29,797 | -€8,952 | -42.9% |
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.