NEO Management: 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 Management
Largest movements
- Receivables within one year -€19,301
down €19,301 (-18.1%), from €106,416 to €87,115
of which Trade receivables: -€32,528
- Cash -€15,734
down €15,734 (-60.2%), from €26,123 to €10,390
mainly Contributions, distributions and other (-€27,456) and Other debts (-€17,271)
- Tangible fixed assets +€2,110
up €2,110 (+17.4%), from €12,137 to €14,247
of which Land and buildings: +€3,814
- Other debts -€17,271
down €17,271 (-38.6%), from €44,727 to €27,456
- Debts after one year -€14,828
no longer reported in 2025 (was €14,828)
- Trade debts -€11,046
down €11,046 (-33.8%), from €32,694 to €21,648
- Tax, wage and social debts +€9,442
up €9,442 (+28.7%), from €32,900 to €42,343
of which Taxes: +€6,385
- Staff costs +€12,199
up €12,199 (+34.5%), from €35,382 to €47,580
- Gross operating margin +€10,434
up €10,434 (+11.6%), from €89,639 to €100,073
- Taxes +€4,275
up €4,275 (+48.7%), from €8,778 to €13,053
- Financial charges +€2,219
up €2,219 (+36.1%), from €6,153 to €8,372
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 | €145,523 | €112,672 | -€32,851 | -22.6% |
| Fixed assets | 21/28 | €12,272 | €14,382 | +€2,110 | +17.2% |
| Tangible fixed assets | 22/27 | €12,137 | €14,247 | +€2,110 | +17.4% |
| Land and buildings | 22 | €5,626 | €9,440 | +€3,814 | +67.8% |
| Plant, machinery and equipment | 23 | €5,503 | €4,185 | -€1,317 | -23.9% |
| Furniture and vehicles | 24 | €1,009 | €622 | -€387 | -38.3% |
| Financial fixed assets | 28 | €134 | €134 | = | 0.0% |
| Current assets | 29/58 | €133,251 | €98,290 | -€34,961 | -26.2% |
| Amounts receivable within one year | 40/41 | €106,416 | €87,115 | -€19,301 | -18.1% |
| Trade receivables | 40 | €89,488 | €56,960 | -€32,528 | -36.3% |
| Other amounts receivable | 41 | €16,928 | €30,155 | +€13,227 | +78.1% |
| Cash at bank and in hand | 54/58 | €26,123 | €10,390 | -€15,734 | -60.2% |
| Deferred charges and accrued income | 490/1 | €712 | €786 | +€74 | +10.4% |
| Total equity and liabilities | 10/49 | €145,523 | €112,672 | -€32,851 | -22.6% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €140,523 | €107,672 | -€32,851 | -23.4% |
| Amounts payable after more than one year | 17 | €14,828 | - | -€14,828 | |
| Financial debts | 170/4 | €14,828 | - | -€14,828 | |
| Amounts payable within one year | 42/48 | €125,694 | €106,275 | -€19,420 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €15,373 | €14,828 | -€545 | -3.5% |
| Trade debts | 44 | €32,694 | €21,648 | -€11,046 | -33.8% |
| Suppliers | 440/4 | €32,694 | €21,648 | -€11,046 | -33.8% |
| Taxes, remuneration and social security | 45 | €32,900 | €42,343 | +€9,442 | +28.7% |
| Taxes | 450/3 | €23,532 | €29,917 | +€6,385 | +27.1% |
| Remuneration and social security | 454/9 | €9,368 | €12,426 | +€3,058 | +32.6% |
| Other amounts payable | 47/48 | €44,727 | €27,456 | -€17,271 | -38.6% |
| Accrued charges and deferred income | 492/3 | - | €1,397 | +€1,397 | |
| Non-recurring operating income | 76A | €11,628 | - | -€11,628 | |
| Remuneration, social security and pensions | 62 | €35,382 | €47,580 | +€12,199 | +34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,820 | €4,278 | +€458 | +12.0% |
| Other operating charges | 640/8 | €1,279 | €755 | -€524 | -41.0% |
| Non-recurring operating charges | 66A | €11,478 | - | -€11,478 | |
| Gross operating margin | 9900 | €89,639 | €100,073 | +€10,434 | +11.6% |
| Operating profit (loss) | 9901 | €37,680 | €47,459 | +€9,779 | +26.0% |
| Financial income | 75/76B | €580 | €1,422 | +€841 | +145% |
| Recurring financial income | 75 | €580 | €1,422 | +€841 | +145% |
| Financial charges | 65/66B | €6,153 | €8,372 | +€2,219 | +36.1% |
| Recurring financial charges | 65 | €6,153 | €8,372 | +€2,219 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €32,107 | €40,508 | +€8,401 | +26.2% |
| Income taxes | 67/77 | €8,778 | €13,053 | +€4,275 | +48.7% |
| Profit (loss) for the period | 9904 | €23,329 | €27,456 | +€4,126 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,329 | €27,456 | +€4,126 | +17.7% |
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 19 October 2026 via checked.be.