NEO: 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.
NEO
Largest movements
- Deferred charges and accrued income +€32,019
new in 2024: €32,019
- Stocks and contracts +€31,768
new in 2024: €31,768
- Cash +€13,559
up €13,559 (+231%), from €5,862 to €19,421
mainly Advances received (+€69,327) and Depreciation (+€7,633)
- Tangible fixed assets -€4,300
down €4,300 (-23.3%), from €18,484 to €14,185
of which Plant, machinery and equipment: -€2,608
- Advances received +€69,327
new in 2024: €69,327
- Trade debts +€2,233
up €2,233 (+1,060%), from €211 to €2,444
- Financial charges -€4,418
down €4,418 (-70.5%), from €6,267 to €1,849
- Taxes +€3,180
up €3,180, from -€711 to €2,469
- Staff costs +€1,760
new in 2024: €1,760
- Gross operating margin -€1,712
down €1,712 (-10.5%), from €16,384 to €14,672
- Depreciation -€1,353
down €1,353 (-15.1%), from €8,986 to €7,633
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,066 | €134,791 | +€72,726 | +117% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €18,484 | €14,185 | -€4,300 | -23.3% |
| Tangible fixed assets | 22/27 | €18,484 | €14,185 | -€4,300 | -23.3% |
| Plant, machinery and equipment | 23 | €13,214 | €10,606 | -€2,608 | -19.7% |
| Furniture and vehicles | 24 | €5,270 | €3,578 | -€1,692 | -32.1% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €43,581 | €120,607 | +€77,026 | +177% |
| Stocks and contracts in progress | 3 | - | €31,768 | +€31,768 | |
| Stocks | 30/36 | - | €31,768 | +€31,768 | |
| Amounts receivable within one year | 40/41 | €37,719 | €37,399 | -€320 | -0.8% |
| Trade receivables | 40 | €35,827 | €33,860 | -€1,967 | -5.5% |
| Other amounts receivable | 41 | €1,892 | €3,539 | +€1,646 | +87.0% |
| Cash at bank and in hand | 54/58 | €5,862 | €19,421 | +€13,559 | +231% |
| Deferred charges and accrued income | 490/1 | - | €32,019 | +€32,019 | |
| Total equity and liabilities | 10/49 | €62,066 | €134,791 | +€72,726 | +117% |
| Equity | 10/15 | €52,317 | €52,670 | +€353 | +0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,102 | €46,102 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,242 | €44,242 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14 | €367 | +€353 | +2,470% |
| Amounts payable | 17/49 | €9,749 | €82,122 | +€72,373 | +742% |
| Amounts payable within one year | 42/48 | €9,749 | €80,789 | +€71,040 | +729% |
| Trade debts | 44 | €211 | €2,444 | +€2,233 | +1,060% |
| Suppliers | 440/4 | €211 | €2,444 | +€2,233 | +1,060% |
| Advances received on contracts in progress | 46 | - | €69,327 | +€69,327 | |
| Taxes, remuneration and social security | 45 | €9,055 | €9,018 | -€37 | -0.4% |
| Taxes | 450/3 | €8,485 | €7,059 | -€1,426 | -16.8% |
| Remuneration and social security | 454/9 | €570 | €1,959 | +€1,390 | +244% |
| Other amounts payable | 47/48 | €484 | - | -€484 | |
| Accrued charges and deferred income | 492/3 | - | €1,332 | +€1,332 | |
| Remuneration, social security and pensions | 62 | - | €1,760 | +€1,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,986 | €7,633 | -€1,353 | -15.1% |
| Other operating charges | 640/8 | €732 | €672 | -€60 | -8.2% |
| Gross operating margin | 9900 | €16,384 | €14,672 | -€1,712 | -10.5% |
| Operating profit (loss) | 9901 | €6,666 | €4,607 | -€2,059 | -30.9% |
| Financial income | 75/76B | €10 | €64 | +€54 | +527% |
| Recurring financial income | 75 | €10 | €64 | +€54 | +527% |
| Financial charges | 65/66B | €6,267 | €1,849 | -€4,418 | -70.5% |
| Recurring financial charges | 65 | €6,267 | €1,849 | -€4,418 | -70.5% |
| Profit (loss) for the period before taxes | 9903 | €409 | €2,822 | +€2,413 | +590% |
| Income taxes | 67/77 | -€711 | €2,469 | +€3,180 | |
| Profit (loss) for the period | 9904 | €1,120 | €353 | -€767 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,120 | €353 | -€767 | -68.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.