NEO SV: 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 SV
Largest movements
- Deferred charges and accrued income +€31,156
up €31,156 (+260%), from €11,972 to €43,129
- Cash +€28,644
up €28,644 (+128%), from €22,459 to €51,103
mainly Net result for the year (+€59,117) and Tax, wage and social debts (+€3,220)
- Tangible fixed assets +€2,355
new in 2025: €2,355
- Receivables within one year -€1,278
down €1,278 (-100%), from €1,278 to €0
- Reserves +€59,117
up €59,117 (+346%), from €17,078 to €76,194
- Tax, wage and social debts +€3,220
up €3,220 (+44.0%), from €7,311 to €10,531
- Trade debts -€2,184
down €2,184 (-99.3%), from €2,200 to €16
- Gross operating margin +€54,111
up €54,111 (+225%), from €24,053 to €78,164
- Taxes +€10,549
up €10,549 (+211%), from €5,001 to €15,551
- Depreciation +€844
new in 2025: €844
- Staff costs +€806
up €806 (+50.9%), from €1,584 to €2,390
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 | €35,709 | €96,586 | +€60,877 | +170% |
| Fixed assets | 21/28 | - | €2,355 | +€2,355 | |
| Tangible fixed assets | 22/27 | - | €2,355 | +€2,355 | |
| Furniture and vehicles | 24 | - | €2,355 | +€2,355 | |
| Current assets | 29/58 | €35,709 | €94,232 | +€58,523 | +164% |
| Amounts receivable within one year | 40/41 | €1,278 | €0 | -€1,278 | -100% |
| Trade receivables | 40 | €1,278 | €0 | -€1,278 | -100% |
| Cash at bank and in hand | 54/58 | €22,459 | €51,103 | +€28,644 | +128% |
| Deferred charges and accrued income | 490/1 | €11,972 | €43,129 | +€31,156 | +260% |
| Total equity and liabilities | 10/49 | €35,709 | €96,586 | +€60,877 | +170% |
| Equity | 10/15 | €19,578 | €78,694 | +€59,117 | +302% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,078 | €76,194 | +€59,117 | +346% |
| Distributable reserves | 133 | €17,078 | €76,194 | +€59,117 | +346% |
| Amounts payable | 17/49 | €16,132 | €17,892 | +€1,761 | +10.9% |
| Amounts payable within one year | 42/48 | €16,132 | €17,892 | +€1,761 | +10.9% |
| Trade debts | 44 | €2,200 | €16 | -€2,184 | -99.3% |
| Suppliers | 440/4 | €2,200 | €16 | -€2,184 | -99.3% |
| Taxes, remuneration and social security | 45 | €7,311 | €10,531 | +€3,220 | +44.0% |
| Taxes | 450/3 | €7,311 | €10,531 | +€3,220 | +44.0% |
| Other amounts payable | 47/48 | €6,620 | €7,345 | +€725 | +11.0% |
| Remuneration, social security and pensions | 62 | €1,584 | €2,390 | +€806 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €844 | +€844 | |
| Other operating charges | 640/8 | €360 | €266 | -€94 | -26.1% |
| Gross operating margin | 9900 | €24,053 | €78,164 | +€54,111 | +225% |
| Operating profit (loss) | 9901 | €22,110 | €74,664 | +€52,555 | +238% |
| Financial income | 75/76B | - | €65 | +€65 | |
| Recurring financial income | 75 | - | €65 | +€65 | |
| Financial charges | 65/66B | €31 | €62 | +€31 | +103% |
| Recurring financial charges | 65 | €31 | €62 | +€31 | +103% |
| Profit (loss) for the period before taxes | 9903 | €22,079 | €74,667 | +€52,588 | +238% |
| Income taxes | 67/77 | €5,001 | €15,551 | +€10,549 | +211% |
| Profit (loss) for the period | 9904 | €17,078 | €59,117 | +€42,039 | +246% |
| Profit (loss) for the period to be appropriated | 9905 | €17,078 | €59,117 | +€42,039 | +246% |
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.