NEO BUILD: 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 BUILD
Largest movements
- Receivables within one year -€13,494
down €13,494 (-43.0%), from €31,383 to €17,889
of which Trade receivables: -€14,722
- Tangible fixed assets -€5,567
down €5,567 (-36.8%), from €15,129 to €9,562
- Deferred charges and accrued income +€3,364
new in 2025: €3,364
- Trade debts -€15,827
down €15,827 (-77.8%), from €20,343 to €4,516
- Advances received +€12,067
up €12,067, from €0 to €12,067
- Profit (loss) carried forward -€11,186
down €11,186, from €10,785 to -€402
- Taxes -€8,145
no longer reported in 2025 (was €8,145)
- Staff costs +€4,820
up €4,820 (+11.1%), from €43,425 to €48,245
- Depreciation +€3,731
up €3,731 (+203%), from €1,836 to €5,567
- Gross operating margin -€1,727
down €1,727 (-3.8%), from €45,948 to €44,220
- Other operating charges -€1,183
down €1,183 (-55.4%), from €2,134 to €951
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 | €62,518 | €46,909 | -€15,609 | -25.0% |
| Fixed assets | 21/28 | €17,589 | €12,022 | -€5,567 | -31.6% |
| Tangible fixed assets | 22/27 | €15,129 | €9,562 | -€5,567 | -36.8% |
| Furniture and vehicles | 24 | €15,129 | €9,562 | -€5,567 | -36.8% |
| Financial fixed assets | 28 | €2,460 | €2,460 | = | 0.0% |
| Current assets | 29/58 | €44,929 | €34,887 | -€10,043 | -22.4% |
| Amounts receivable within one year | 40/41 | €31,383 | €17,889 | -€13,494 | -43.0% |
| Trade receivables | 40 | €14,722 | - | -€14,722 | |
| Other amounts receivable | 41 | €16,661 | €17,889 | +€1,227 | +7.4% |
| Cash at bank and in hand | 54/58 | €13,547 | €13,634 | +€87 | +0.6% |
| Deferred charges and accrued income | 490/1 | - | €3,364 | +€3,364 | |
| Total equity and liabilities | 10/49 | €62,518 | €46,909 | -€15,609 | -25.0% |
| Equity | 10/15 | €31,022 | €19,835 | -€11,186 | -36.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,637 | €1,637 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,637 | €1,637 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,637 | €1,637 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,785 | -€402 | -€11,186 | |
| Amounts payable | 17/49 | €31,496 | €27,074 | -€4,423 | -14.0% |
| Amounts payable within one year | 42/48 | €31,496 | €27,074 | -€4,423 | -14.0% |
| Trade debts | 44 | €20,343 | €4,516 | -€15,827 | -77.8% |
| Suppliers | 440/4 | €20,343 | €4,516 | -€15,827 | -77.8% |
| Advances received on contracts in progress | 46 | €0 | €12,067 | +€12,067 | |
| Taxes, remuneration and social security | 45 | €8,684 | €8,216 | -€468 | -5.4% |
| Taxes | 450/3 | €8,684 | €7,947 | -€737 | -8.5% |
| Remuneration and social security | 454/9 | €0 | €269 | +€269 | |
| Other amounts payable | 47/48 | €2,469 | €2,274 | -€194 | -7.9% |
| Remuneration, social security and pensions | 62 | €43,425 | €48,245 | +€4,820 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,836 | €5,567 | +€3,731 | +203% |
| Other operating charges | 640/8 | €2,134 | €951 | -€1,183 | -55.4% |
| Gross operating margin | 9900 | €45,948 | €44,220 | -€1,727 | -3.8% |
| Operating profit (loss) | 9901 | -€1,447 | -€10,542 | -€9,095 | -628% |
| Financial income | 75/76B | €9 | €30 | +€21 | +227% |
| Recurring financial income | 75 | €9 | €30 | +€21 | +227% |
| Financial charges | 65/66B | €161 | €674 | +€513 | +318% |
| Recurring financial charges | 65 | €161 | €674 | +€513 | +318% |
| Profit (loss) for the period before taxes | 9903 | -€1,599 | -€11,186 | -€9,587 | -599% |
| Income taxes | 67/77 | €8,145 | - | -€8,145 | |
| Profit (loss) for the period | 9904 | -€9,744 | -€11,186 | -€1,442 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,744 | -€11,186 | -€1,442 | -14.8% |
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 23 October 2026 via checked.be.