NEO-RH: 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-RH
Largest movements
- Receivables within one year +€8,077
up €8,077 (+80.1%), from €10,082 to €18,159
of which Trade receivables: +€7,814
- Deferred charges and accrued income -€1,469
no longer reported in 2025 (was €1,469)
- Tangible fixed assets +€989
up €989 (+8.7%), from €11,307 to €12,295
of which Land and buildings: +€1,572
- Other debts +€15,618
up €15,618 (+258%), from €6,045 to €21,663
- Tax, wage and social debts -€5,687
down €5,687 (-48.3%), from €11,767 to €6,080
- Debts after one year -€3,780
down €3,780 (-34.8%), from €10,852 to €7,072
- Short-term financial debts -€3,769
down €3,769 (-50.8%), from €7,415 to €3,646
- Trade debts +€2,892
up €2,892 (+82.2%), from €3,518 to €6,410
- Gross operating margin +€24,240
up €24,240, from -€13,193 to €11,047
- Financial charges +€1,524
up €1,524 (+65.6%), from €2,325 to €3,849
- Other operating charges -€1,359
down €1,359 (-87.9%), from €1,547 to €188
- Depreciation -€396
down €396 (-9.3%), from €4,270 to €3,874
- Taxes +€335
new in 2025: €335
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 | €22,918 | €30,492 | +€7,573 | +33.0% |
| Fixed assets | 21/28 | €11,307 | €12,295 | +€989 | +8.7% |
| Tangible fixed assets | 22/27 | €11,307 | €12,295 | +€989 | +8.7% |
| Land and buildings | 22 | €7,457 | €9,029 | +€1,572 | +21.1% |
| Furniture and vehicles | 24 | €3,850 | €3,267 | -€583 | -15.1% |
| Current assets | 29/58 | €11,612 | €18,196 | +€6,584 | +56.7% |
| Amounts receivable within one year | 40/41 | €10,082 | €18,159 | +€8,077 | +80.1% |
| Trade receivables | 40 | €9,821 | €17,635 | +€7,814 | +79.6% |
| Other amounts receivable | 41 | €261 | €524 | +€264 | +101% |
| Cash at bank and in hand | 54/58 | €61 | €37 | -€24 | -39.5% |
| Deferred charges and accrued income | 490/1 | €1,469 | - | -€1,469 | |
| Total equity and liabilities | 10/49 | €22,918 | €30,492 | +€7,573 | +33.0% |
| Equity | 10/15 | -€20,962 | -€18,160 | +€2,803 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,562 | -€36,760 | +€2,803 | +7.1% |
| Amounts payable | 17/49 | €43,881 | €48,651 | +€4,770 | +10.9% |
| Amounts payable after more than one year | 17 | €10,852 | €7,072 | -€3,780 | -34.8% |
| Financial debts | 170/4 | €10,852 | €7,072 | -€3,780 | -34.8% |
| Amounts payable within one year | 42/48 | €33,029 | €41,579 | +€8,550 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €4,283 | €3,780 | -€504 | -11.8% |
| Financial debts | 43 | €7,415 | €3,646 | -€3,769 | -50.8% |
| Credit institutions | 430/8 | €7,415 | €3,646 | -€3,769 | -50.8% |
| Trade debts | 44 | €3,518 | €6,410 | +€2,892 | +82.2% |
| Suppliers | 440/4 | €3,518 | €6,410 | +€2,892 | +82.2% |
| Taxes, remuneration and social security | 45 | €11,767 | €6,080 | -€5,687 | -48.3% |
| Taxes | 450/3 | €11,767 | €6,080 | -€5,687 | -48.3% |
| Other amounts payable | 47/48 | €6,045 | €21,663 | +€15,618 | +258% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,270 | €3,874 | -€396 | -9.3% |
| Other operating charges | 640/8 | €1,547 | €188 | -€1,359 | -87.9% |
| Gross operating margin | 9900 | -€13,193 | €11,047 | +€24,240 | |
| Operating profit (loss) | 9901 | -€19,009 | €6,985 | +€25,995 | |
| Financial income | 75/76B | €46 | €1 | -€44 | -97.4% |
| Recurring financial income | 75 | €46 | €1 | -€44 | -97.4% |
| Financial charges | 65/66B | €2,325 | €3,849 | +€1,524 | +65.6% |
| Recurring financial charges | 65 | €2,325 | €3,849 | +€1,524 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,288 | €3,138 | +€24,426 | |
| Income taxes | 67/77 | - | €335 | +€335 | |
| Profit (loss) for the period | 9904 | -€21,288 | €2,803 | +€24,091 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,288 | €2,803 | +€24,091 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.