NEO TEN: 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 TEN
Largest movements
- Receivables within one year -€30,429
down €30,429 (-79.4%), from €38,326 to €7,897
- Tangible fixed assets +€6,025
up €6,025 (+4.4%), from €136,235 to €142,260
of which Furniture and vehicles: +€7,999
- Profit (loss) carried forward -€38,245
down €38,245 (-499%), from -€7,671 to -€45,916
- Trade debts +€11,400
up €11,400 (+59.3%), from €19,232 to €30,633
- Other debts +€6,387
up €6,387 (+7.6%), from €84,466 to €90,853
- Debts after one year -€4,643
down €4,643 (-12.7%), from €36,697 to €32,055
- Gross operating margin -€54,981
down €54,981, from €49,652 to -€5,329
- Other operating charges -€916
down €916 (-34.8%), from €2,631 to €1,715
- Depreciation +€726
up €726 (+3.7%), from €19,485 to €20,211
- Taxes -€545
down €545 (-56.4%), from €967 to €422
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 | €179,616 | €153,567 | -€26,049 | -14.5% |
| Fixed assets | 21/28 | €136,275 | €142,260 | +€5,985 | +4.4% |
| Tangible fixed assets | 22/27 | €136,235 | €142,260 | +€6,025 | +4.4% |
| Land and buildings | 22 | €56,080 | €52,894 | -€3,186 | -5.7% |
| Plant, machinery and equipment | 23 | €50 | €1,263 | +€1,213 | +2,426% |
| Furniture and vehicles | 24 | €80,104 | €88,103 | +€7,999 | +10.0% |
| Financial fixed assets | 28 | €40 | - | -€40 | |
| Current assets | 29/58 | €43,341 | €11,307 | -€32,034 | -73.9% |
| Amounts receivable within one year | 40/41 | €38,326 | €7,897 | -€30,429 | -79.4% |
| Trade receivables | 40 | €38,326 | €7,897 | -€30,429 | -79.4% |
| Cash at bank and in hand | 54/58 | €4,895 | €3,410 | -€1,485 | -30.3% |
| Deferred charges and accrued income | 490/1 | €120 | - | -€120 | |
| Total equity and liabilities | 10/49 | €179,616 | €153,567 | -€26,049 | -14.5% |
| Equity | 10/15 | €12,789 | -€25,456 | -€38,245 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,671 | -€45,916 | -€38,245 | -499% |
| Amounts payable | 17/49 | €166,827 | €179,023 | +€12,196 | +7.3% |
| Amounts payable after more than one year | 17 | €36,697 | €32,055 | -€4,643 | -12.7% |
| Financial debts | 170/4 | €36,697 | €32,055 | -€4,643 | -12.7% |
| Amounts payable within one year | 42/48 | €130,130 | €146,969 | +€16,839 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €4,423 | €4,643 | +€219 | +5.0% |
| Trade debts | 44 | €19,232 | €30,633 | +€11,400 | +59.3% |
| Suppliers | 440/4 | €19,232 | €30,633 | +€11,400 | +59.3% |
| Taxes, remuneration and social security | 45 | €22,009 | €20,841 | -€1,168 | -5.3% |
| Taxes | 450/3 | €10,048 | €9,988 | -€60 | -0.6% |
| Remuneration and social security | 454/9 | €11,961 | €10,853 | -€1,108 | -9.3% |
| Other amounts payable | 47/48 | €84,466 | €90,853 | +€6,387 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,485 | €20,211 | +€726 | +3.7% |
| Other operating charges | 640/8 | €2,631 | €1,715 | -€916 | -34.8% |
| Gross operating margin | 9900 | €49,652 | -€5,329 | -€54,981 | |
| Operating profit (loss) | 9901 | €27,536 | -€27,255 | -€54,791 | |
| Financial income | 75/76B | €16 | €0 | -€16 | -97.9% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -97.9% |
| Financial charges | 65/66B | €2,306 | €2,172 | -€134 | -5.8% |
| Recurring financial charges | 65 | €2,306 | €2,172 | -€134 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €25,247 | -€29,426 | -€54,673 | |
| Income taxes | 67/77 | €967 | €422 | -€545 | -56.4% |
| Profit (loss) for the period | 9904 | €24,280 | -€29,848 | -€54,128 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,280 | -€29,848 | -€54,128 |
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 31 October 2026 via checked.be.