NEO GROUP: 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 GROUP
Largest movements
- Stocks and contracts -€206,907
down €206,907 (-47.9%), from €432,292 to €225,385
- Cash +€169,779
up €169,779 (+29.7%), from €570,815 to €740,594
mainly Short-term financial debts (+€364,947) and Trade debts (+€249,657)
- Tangible fixed assets -€144,669
down €144,669 (-19.4%), from €745,809 to €601,140
of which Land and buildings: -€110,285
- Receivables within one year -€96,439
down €96,439 (-6.5%), from €1.5m to €1.4m
of which Other amounts receivable: -€167,532
- Deferred charges and accrued income -€35,064
down €35,064 (-43.9%), from €79,899 to €44,836
- Reserves -€562,230
down €562,230 (-56.6%), from €992,521 to €430,291
of which Distributable reserves: -€562,230
- Short-term financial debts +€364,947
up €364,947 (+118%), from €308,534 to €673,481
- Trade debts +€249,657
up €249,657 (+25.2%), from €991,709 to €1.2m
- Other debts -€179,725
down €179,725 (-94.5%), from €190,171 to €10,446
- Debts after one year -€133,808
down €133,808 (-27.7%), from €483,909 to €350,101
of which Financial debts: -€67,496
- Gross operating margin -€681,222
down €681,222 (-29.5%), from €2.3m to €1.6m
- Staff costs -€140,357
down €140,357 (-7.7%), from €1.8m to €1.7m
- Taxes -€67,908
down €67,908 (-94.5%), from €71,842 to €3,934
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 | €3,386,283 | €3,086,397 | -€299,886 | -8.9% |
| Fixed assets | 21/28 | €817,825 | €686,570 | -€131,255 | -16.0% |
| Intangible fixed assets | 21 | €59,723 | €75,915 | +€16,192 | +27.1% |
| Tangible fixed assets | 22/27 | €745,809 | €601,140 | -€144,669 | -19.4% |
| Land and buildings | 22 | €648,163 | €537,878 | -€110,285 | -17.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €97,646 | €57,876 | -€39,770 | -40.7% |
| Other tangible fixed assets | 26 | - | €5,386 | +€5,386 | |
| Financial fixed assets | 28 | €12,293 | €9,515 | -€2,778 | -22.6% |
| Current assets | 29/58 | €2,568,458 | €2,399,827 | -€168,630 | -6.6% |
| Stocks and contracts in progress | 3 | €432,292 | €225,385 | -€206,907 | -47.9% |
| Stocks | 30/36 | €432,292 | €225,385 | -€206,907 | -47.9% |
| Amounts receivable within one year | 40/41 | €1,485,451 | €1,389,013 | -€96,439 | -6.5% |
| Trade receivables | 40 | €1,206,106 | €1,277,200 | +€71,093 | +5.9% |
| Other amounts receivable | 41 | €279,345 | €111,813 | -€167,532 | -60.0% |
| Cash at bank and in hand | 54/58 | €570,815 | €740,594 | +€169,779 | +29.7% |
| Deferred charges and accrued income | 490/1 | €79,899 | €44,836 | -€35,064 | -43.9% |
| Total equity and liabilities | 10/49 | €3,386,283 | €3,086,397 | -€299,886 | -8.9% |
| Equity | 10/15 | €1,054,021 | €491,791 | -€562,230 | -53.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €992,521 | €430,291 | -€562,230 | -56.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €986,371 | €424,141 | -€562,230 | -57.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,332,262 | €2,594,606 | +€262,345 | +11.2% |
| Amounts payable after more than one year | 17 | €483,909 | €350,101 | -€133,808 | -27.7% |
| Financial debts | 170/4 | €382,597 | €315,101 | -€67,496 | -17.6% |
| Other amounts payable | 178/9 | €101,312 | €35,000 | -€66,312 | -65.5% |
| Amounts payable within one year | 42/48 | €1,842,426 | €2,239,437 | +€397,011 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €114,099 | €67,496 | -€46,603 | -40.8% |
| Financial debts | 43 | €308,534 | €673,481 | +€364,947 | +118% |
| Credit institutions | 430/8 | €308,534 | €673,481 | +€364,947 | +118% |
| Trade debts | 44 | €991,709 | €1,241,366 | +€249,657 | +25.2% |
| Suppliers | 440/4 | €991,709 | €1,241,366 | +€249,657 | +25.2% |
| Advances received on contracts in progress | 46 | €52,301 | €80,397 | +€28,097 | +53.7% |
| Taxes, remuneration and social security | 45 | €185,612 | €166,251 | -€19,361 | -10.4% |
| Taxes | 450/3 | €0 | €788 | +€788 | |
| Remuneration and social security | 454/9 | €185,612 | €165,463 | -€20,150 | -10.9% |
| Other amounts payable | 47/48 | €190,171 | €10,446 | -€179,725 | -94.5% |
| Accrued charges and deferred income | 492/3 | €5,926 | €5,068 | -€858 | -14.5% |
| Non-recurring operating income | 76A | €2,136,620 | €93,002 | -€2.0m | -95.6% |
| Remuneration, social security and pensions | 62 | €1,830,303 | €1,689,947 | -€140,357 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,597 | €127,153 | -€12,444 | -8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,755 | -€20,906 | -€19,151 | -1,091% |
| Other operating charges | 640/8 | €88,164 | €87,642 | -€522 | -0.6% |
| Non-recurring operating charges | 66A | €9,001 | €225,992 | +€216,991 | +2,411% |
| Gross operating margin | 9900 | €2,310,273 | €1,629,051 | -€681,222 | -29.5% |
| Operating profit (loss) | 9901 | €244,962 | -€480,777 | -€725,739 | |
| Financial income | 75/76B | €17,219 | €15,791 | -€1,428 | -8.3% |
| Recurring financial income | 75 | €17,219 | €15,791 | -€1,428 | -8.3% |
| Financial charges | 65/66B | €81,038 | €93,310 | +€12,272 | +15.1% |
| Recurring financial charges | 65 | €81,038 | €93,310 | +€12,272 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €181,143 | -€558,296 | -€739,440 | |
| Income taxes | 67/77 | €71,842 | €3,934 | -€67,908 | -94.5% |
| Profit (loss) for the period | 9904 | €109,301 | -€562,230 | -€671,531 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €109,301 | -€562,230 | -€671,531 |
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 27 October 2026 via checked.be.