NEO: 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.
NEO
Largest movements
- Stocks and contracts +€42,028
up €42,028 (+93.6%), from €44,902 to €86,930
- Cash +€35,732
up €35,732 (+22.7%), from €157,495 to €193,226
mainly Net result for the year (+€74,905) and Other debts (+€40,000)
- Receivables within one year +€10,288
up €10,288 (+8.4%), from €122,665 to €132,953
of which Trade receivables: +€6,819
- Tangible fixed assets -€5,682
down €5,682 (-30.0%), from €18,913 to €13,231
- Other debts +€40,000
new in 2026: €40,000
- Tax, wage and social debts +€37,814
up €37,814 (+40.6%), from €93,096 to €130,910
of which Taxes: +€27,705
- Profit (loss) carried forward +€34,905
up €34,905, from -€8,645 to €26,260
- Trade debts -€32,902
down €32,902 (-16.9%), from €194,351 to €161,448
- Gross operating margin +€43,130
up €43,130 (+10.1%), from €427,373 to €470,503
- Staff costs -€24,291
down €24,291 (-6.6%), from €368,438 to €344,147
- Taxes +€17,668
up €17,668 (+95.3%), from €18,540 to €36,207
- Depreciation -€10,649
down €10,649 (-57.1%), from €18,644 to €7,995
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,532 | €429,698 | +€81,166 | +23.3% |
| Fixed assets | 21/28 | €20,388 | €14,706 | -€5,682 | -27.9% |
| Tangible fixed assets | 22/27 | €18,913 | €13,231 | -€5,682 | -30.0% |
| Furniture and vehicles | 24 | €18,913 | €13,231 | -€5,682 | -30.0% |
| Financial fixed assets | 28 | €1,475 | €1,475 | = | 0.0% |
| Current assets | 29/58 | €328,144 | €414,992 | +€86,848 | +26.5% |
| Stocks and contracts in progress | 3 | €44,902 | €86,930 | +€42,028 | +93.6% |
| Stocks | 30/36 | €44,902 | €86,930 | +€42,028 | +93.6% |
| Amounts receivable within one year | 40/41 | €122,665 | €132,953 | +€10,288 | +8.4% |
| Trade receivables | 40 | €120,110 | €126,929 | +€6,819 | +5.7% |
| Other amounts receivable | 41 | €2,555 | €6,024 | +€3,469 | +135.7% |
| Cash at bank and in hand | 54/58 | €157,495 | €193,226 | +€35,732 | +22.7% |
| Deferred charges and accrued income | 490/1 | €3,082 | €1,882 | -€1,200 | -38.9% |
| Total equity and liabilities | 10/49 | €348,532 | €429,698 | +€81,166 | +23.3% |
| Equity | 10/15 | €44,407 | €79,312 | +€34,905 | +78.6% |
| Contributions | 10/11 | €53,052 | €53,052 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,645 | €26,260 | +€34,905 | |
| Amounts payable | 17/49 | €304,125 | €350,386 | +€46,261 | +15.2% |
| Amounts payable within one year | 42/48 | €304,036 | €350,217 | +€46,181 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €16,589 | €17,859 | +€1,269 | +7.7% |
| Trade debts | 44 | €194,351 | €161,448 | -€32,902 | -16.9% |
| Suppliers | 440/4 | €194,351 | €161,448 | -€32,902 | -16.9% |
| Taxes, remuneration and social security | 45 | €93,096 | €130,910 | +€37,814 | +40.6% |
| Taxes | 450/3 | €19,876 | €47,581 | +€27,705 | +139.4% |
| Remuneration and social security | 454/9 | €73,220 | €83,329 | +€10,109 | +13.8% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Accrued charges and deferred income | 492/3 | €90 | €170 | +€80 | +89.3% |
| Remuneration, social security and pensions | 62 | €368,438 | €344,147 | -€24,291 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,644 | €7,995 | -€10,649 | -57.1% |
| Other operating charges | 640/8 | €5,354 | €2,949 | -€2,405 | -44.9% |
| Gross operating margin | 9900 | €427,373 | €470,503 | +€43,130 | +10.1% |
| Operating profit (loss) | 9901 | €34,936 | €115,412 | +€80,476 | +230.4% |
| Financial income | 75/76B | €1,246 | €1,122 | -€123 | -9.9% |
| Recurring financial income | 75 | €1,246 | €1,122 | -€123 | -9.9% |
| Financial charges | 65/66B | €6,783 | €5,422 | -€1,361 | -20.1% |
| Recurring financial charges | 65 | €6,783 | €5,422 | -€1,361 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €29,399 | €111,112 | +€81,714 | +277.9% |
| Income taxes | 67/77 | €18,540 | €36,207 | +€17,668 | +95.3% |
| Profit (loss) for the period | 9904 | €10,859 | €74,905 | +€64,046 | +589.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,859 | €74,905 | +€64,046 | +589.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.