NEOCONSTRUCT 2: 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 2
Largest movements
- Stocks and contracts +€890,236
up €890,236 (+17.8%), from €5.0m to €5.9m
- Debts after one year +€1.5m
up €1.5m (+42.9%), from €3.6m to €5.2m
- Trade debts -€596,466
down €596,466 (-72.2%), from €826,244 to €229,778
- Profit (loss) carried forward -€266,339
down €266,339 (-88.2%), from -€302,112 to -€568,450
- Other debts +€154,125
up €154,125 (+247.7%), from €62,222 to €216,347
- Financial charges +€49,754
up €49,754 (+27.1%), from €183,370 to €233,124
- Financial income -€18,813
down €18,813 (-71.6%), from €26,282 to €7,469
- Gross operating margin -€3,398
down €3,398 (-9.4%), from -€36,005 to -€39,404
- Other operating charges +€774
up €774 (+153.2%), from €505 to €1,280
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 | €5,423,643 | €6,260,820 | +€837,176 | +15.4% |
| Fixed assets | 21/28 | €1,800 | €1,800 | = | 0.0% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €5,421,843 | €6,259,020 | +€837,176 | +15.4% |
| Stocks and contracts in progress | 3 | €5,015,255 | €5,905,491 | +€890,236 | +17.8% |
| Stocks | 30/36 | €5,015,255 | €5,905,491 | +€890,236 | +17.8% |
| Amounts receivable within one year | 40/41 | €382,192 | €347,209 | -€34,984 | -9.2% |
| Trade receivables | 40 | €99,382 | €11,426 | -€87,957 | -88.5% |
| Other amounts receivable | 41 | €282,810 | €335,783 | +€52,973 | +18.7% |
| Cash at bank and in hand | 54/58 | €24,165 | €6,320 | -€17,845 | -73.8% |
| Deferred charges and accrued income | 490/1 | €231 | €0 | -€231 | -100.0% |
| Total equity and liabilities | 10/49 | €5,423,643 | €6,260,820 | +€837,176 | +15.4% |
| Equity | 10/15 | €261,247 | -€5,091 | -€266,339 | |
| Contributions | 10/11 | €561,500 | €561,500 | = | 0.0% |
| Capital | 10 | €561,500 | €561,500 | = | 0.0% |
| Issued capital | 100 | €561,500 | €561,500 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€302,112 | -€568,450 | -€266,339 | -88.2% |
| Amounts payable | 17/49 | €5,162,396 | €6,265,911 | +€1.1m | +21.4% |
| Amounts payable after more than one year | 17 | €3,609,156 | €5,158,912 | +€1.5m | +42.9% |
| Financial debts | 170/4 | €3,609,156 | €5,158,912 | +€1.5m | +42.9% |
| Amounts payable within one year | 42/48 | €1,549,339 | €1,106,999 | -€442,341 | -28.6% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €826,244 | €229,778 | -€596,466 | -72.2% |
| Suppliers | 440/4 | €826,244 | €229,778 | -€596,466 | -72.2% |
| Advances received on contracts in progress | 46 | €460,873 | €460,873 | = | 0.0% |
| Other amounts payable | 47/48 | €62,222 | €216,347 | +€154,125 | +247.7% |
| Accrued charges and deferred income | 492/3 | €3,901 | €0 | -€3,901 | -100.0% |
| Other operating charges | 640/8 | €505 | €1,280 | +€774 | +153.2% |
| Gross operating margin | 9900 | -€36,005 | -€39,404 | -€3,398 | -9.4% |
| Operating profit (loss) | 9901 | -€36,511 | -€40,684 | -€4,173 | -11.4% |
| Financial income | 75/76B | €26,282 | €7,469 | -€18,813 | -71.6% |
| Recurring financial income | 75 | €26,282 | €7,469 | -€18,813 | -71.6% |
| Financial charges | 65/66B | €183,370 | €233,124 | +€49,754 | +27.1% |
| Recurring financial charges | 65 | €183,370 | €233,124 | +€49,754 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | -€193,599 | -€266,339 | -€72,739 | -37.6% |
| Profit (loss) for the period | 9904 | -€193,599 | -€266,339 | -€72,739 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€193,599 | -€266,339 | -€72,739 | -37.6% |
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 8 October 2026 via checked.be.