NEOCONSTRUCT 1: what changed
Two fiscal 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.
NEOCONSTRUCT 1
Largest movements
- Stocks and contracts -€5.0m
down €5.0m (-64.4%), from €7.8m to €2.8m
- Receivables within one year +€401,570
up €401,570 (+61.7%), from €651,082 to €1.1m
of which Trade receivables: +€401,570
- Cash +€245,501
up €245,501 (+15504.9%), from €1,583 to €247,084
mainly Stocks and contracts (+€5.0m) and Debts after one year (+€765,000)
- Advances received -€3.4m
down €3.4m (-100.0%), from €3.4m to €0
- Short-term financial debts -€1.7m
down €1.7m (-93.1%), from €1.8m to €126,639
- Debts after one year +€765,000
up €765,000 (+25.1%), from €3.0m to €3.8m
- Profit (loss) carried forward -€443,185
down €443,185 (-89.3%), from -€496,214 to -€939,399
- Trade debts +€442,862
up €442,862 (+58.7%), from €754,126 to €1.2m
- Gross operating margin -€469,116
down €469,116, from €225,325 to -€243,791
- Write-downs -€47,602
down €47,602, from €23,801 to -€23,801
- Financial income -€32,270
down €32,270 (-84.3%), from €38,261 to €5,991
- Other operating charges -€12,003
down €12,003 (-91.3%), from €13,146 to €1,143
- Financial charges -€2,916
down €2,916 (-1.3%), from €230,960 to €228,043
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.
Cash bridge derived
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 | €9,006,600 | €4,621,023 | -€4.4m | -48.7% |
| Current assets | 29/58 | €9,006,600 | €4,621,023 | -€4.4m | -48.7% |
| Stocks and contracts in progress | 3 | €7,812,485 | €2,780,168 | -€5.0m | -64.4% |
| Stocks | 30/36 | €7,812,485 | €2,780,168 | -€5.0m | -64.4% |
| Amounts receivable within one year | 40/41 | €651,082 | €1,052,651 | +€401,570 | +61.7% |
| Trade receivables | 40 | €651,082 | €1,052,651 | +€401,570 | +61.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,583 | €247,084 | +€245,501 | +15504.9% |
| Deferred charges and accrued income | 490/1 | €541,450 | €541,120 | -€330 | -0.1% |
| Total equity and liabilities | 10/49 | €9,006,600 | €4,621,023 | -€4.4m | -48.7% |
| Equity | 10/15 | -€168,505 | -€611,689 | -€443,185 | -263.0% |
| Contributions | 10/11 | €312,550 | €312,550 | = | 0.0% |
| Reserves | 13 | €15,159 | €15,159 | = | 0.0% |
| Distributable reserves | 133 | €15,159 | €15,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€496,214 | -€939,399 | -€443,185 | -89.3% |
| Amounts payable | 17/49 | €9,175,105 | €5,232,713 | -€3.9m | -43.0% |
| Amounts payable after more than one year | 17 | €3,043,633 | €3,808,633 | +€765,000 | +25.1% |
| Financial debts | 170/4 | €3,043,633 | €3,808,633 | +€765,000 | +25.1% |
| Amounts payable within one year | 42/48 | €6,125,333 | €1,424,080 | -€4.7m | -76.8% |
| Financial debts | 43 | €1,825,000 | €126,639 | -€1.7m | -93.1% |
| Credit institutions | 430/8 | €1,825,000 | €126,639 | -€1.7m | -93.1% |
| Trade debts | 44 | €754,126 | €1,196,988 | +€442,862 | +58.7% |
| Suppliers | 440/4 | €754,126 | €1,196,988 | +€442,862 | +58.7% |
| Advances received on contracts in progress | 46 | €3,386,703 | €0 | -€3.4m | -100.0% |
| Taxes, remuneration and social security | 45 | €123,756 | €63,274 | -€60,482 | -48.9% |
| Taxes | 450/3 | €123,756 | €63,274 | -€60,482 | -48.9% |
| Other amounts payable | 47/48 | €35,749 | €37,179 | +€1,430 | +4.0% |
| Accrued charges and deferred income | 492/3 | €6,138 | €0 | -€6,138 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,801 | -€23,801 | -€47,602 | |
| Other operating charges | 640/8 | €13,146 | €1,143 | -€12,003 | -91.3% |
| Gross operating margin | 9900 | €225,325 | -€243,791 | -€469,116 | |
| Operating profit (loss) | 9901 | €188,379 | -€221,132 | -€409,511 | |
| Financial income | 75/76B | €38,261 | €5,991 | -€32,270 | -84.3% |
| Recurring financial income | 75 | €38,261 | €5,991 | -€32,270 | -84.3% |
| Financial charges | 65/66B | €230,960 | €228,043 | -€2,916 | -1.3% |
| Recurring financial charges | 65 | €230,960 | €228,043 | -€2,916 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,320 | -€443,185 | -€438,864 | -10158.0% |
| Profit (loss) for the period | 9904 | -€4,320 | -€443,185 | -€438,864 | -10158.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,320 | -€443,185 | -€438,864 | -10158.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.