NEO2 BELGIUM: 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.
NEO2 BELGIUM
Largest movements
- Cash +€140,286
up €140,286 (+487%), from €28,789 to €169,075
mainly Tax, wage and social debts (+€271,099) and Other debts (+€82,652)
- Receivables within one year +€80,802
up €80,802 (+12.3%), from €658,770 to €739,572
of which Trade receivables: +€105,986
- Tax, wage and social debts +€271,099
up €271,099 (+198%), from €137,088 to €408,187
of which Remuneration and social security: +€165,026
- Trade debts -€95,630
down €95,630 (-29.3%), from €326,353 to €230,722
- Other debts +€82,652
up €82,652 (+19.9%), from €416,003 to €498,655
- Profit (loss) carried forward -€43,216
down €43,216 (-18.6%), from -€232,763 to -€275,979
- Gross operating margin +€1.4m
up €1.4m (+1,068%), from €130,297 to €1.5m
- Staff costs +€1.2m
up €1.2m (+340%), from €342,132 to €1.5m
- Financial charges +€35,097
up €35,097 (+181%), from €19,392 to €54,489
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 | €746,681 | €961,756 | +€215,075 | +28.8% |
| Fixed assets | 21/28 | €5,850 | €5,850 | = | 0.0% |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €740,831 | €955,906 | +€215,075 | +29.0% |
| Amounts receivable within one year | 40/41 | €658,770 | €739,572 | +€80,802 | +12.3% |
| Trade receivables | 40 | €633,386 | €739,372 | +€105,986 | +16.7% |
| Other amounts receivable | 41 | €25,384 | €200 | -€25,184 | -99.2% |
| Cash at bank and in hand | 54/58 | €28,789 | €169,075 | +€140,286 | +487% |
| Deferred charges and accrued income | 490/1 | €53,273 | €47,259 | -€6,014 | -11.3% |
| Total equity and liabilities | 10/49 | €746,681 | €961,756 | +€215,075 | +28.8% |
| Equity | 10/15 | -€132,763 | -€175,979 | -€43,216 | -32.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€232,763 | -€275,979 | -€43,216 | -18.6% |
| Amounts payable | 17/49 | €879,444 | €1,137,735 | +€258,290 | +29.4% |
| Amounts payable within one year | 42/48 | €879,444 | €1,137,565 | +€258,121 | +29.4% |
| Trade debts | 44 | €326,353 | €230,722 | -€95,630 | -29.3% |
| Suppliers | 440/4 | €326,353 | €230,722 | -€95,630 | -29.3% |
| Taxes, remuneration and social security | 45 | €137,088 | €408,187 | +€271,099 | +198% |
| Taxes | 450/3 | €77,113 | €183,186 | +€106,073 | +138% |
| Remuneration and social security | 454/9 | €59,975 | €225,001 | +€165,026 | +275% |
| Other amounts payable | 47/48 | €416,003 | €498,655 | +€82,652 | +19.9% |
| Accrued charges and deferred income | 492/3 | - | €169 | +€169 | |
| Remuneration, social security and pensions | 62 | €342,132 | €1,506,014 | +€1.2m | +340% |
| Other operating charges | 640/8 | €922 | €1,002 | +€80 | +8.7% |
| Non-recurring operating charges | 66A | - | €999 | +€999 | |
| Gross operating margin | 9900 | €130,297 | €1,521,962 | +€1.4m | +1,068% |
| Operating profit (loss) | 9901 | -€212,757 | €13,947 | +€226,704 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €19,392 | €54,489 | +€35,097 | +181% |
| Recurring financial charges | 65 | €19,392 | €54,489 | +€35,097 | +181% |
| Profit (loss) for the period before taxes | 9903 | -€232,149 | -€40,532 | +€191,617 | +82.5% |
| Income taxes | 67/77 | €614 | €2,684 | +€2,070 | +337% |
| Profit (loss) for the period | 9904 | -€232,763 | -€43,216 | +€189,547 | +81.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€232,763 | -€43,216 | +€189,547 | +81.4% |
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 1 November 2026 via checked.be.