NEOFLEET: 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.
NEOFLEET
Largest movements
- Intangible fixed assets +€106,811
up €106,811 (+40.5%), from €263,834 to €370,645
- Receivables within one year -€26,303
down €26,303 (-39.3%), from €66,868 to €40,565
of which Trade receivables: -€35,345
- Cash +€7,913
up €7,913 (+11.4%), from €69,449 to €77,362
mainly Trade debts (+€69,418) and Depreciation (+€61,782)
- Trade debts +€69,418
up €69,418 (+138%), from €50,226 to €119,644
- Other debts +€7,500
new in 2025: €7,500
- Accrued charges and deferred income +€6,306
up €6,306 (+24.7%), from €25,549 to €31,855
- Depreciation +€19,505
up €19,505 (+46.1%), from €42,277 to €61,782
- Gross operating margin +€18,266
up €18,266 (+32.3%), from €56,511 to €74,777
- Staff costs -€16,025
down €16,025 (-97.2%), from €16,479 to €454
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 | €401,018 | €488,572 | +€87,554 | +21.8% |
| Fixed assets | 21/28 | €263,834 | €370,645 | +€106,811 | +40.5% |
| Intangible fixed assets | 21 | €263,834 | €370,645 | +€106,811 | +40.5% |
| Current assets | 29/58 | €137,184 | €117,927 | -€19,257 | -14.0% |
| Amounts receivable within one year | 40/41 | €66,868 | €40,565 | -€26,303 | -39.3% |
| Trade receivables | 40 | €60,154 | €24,809 | -€35,345 | -58.8% |
| Other amounts receivable | 41 | €6,714 | €15,756 | +€9,042 | +135% |
| Cash at bank and in hand | 54/58 | €69,449 | €77,362 | +€7,913 | +11.4% |
| Deferred charges and accrued income | 490/1 | €867 | - | -€867 | |
| Total equity and liabilities | 10/49 | €401,018 | €488,572 | +€87,554 | +21.8% |
| Equity | 10/15 | €75,243 | €79,573 | +€4,330 | +5.8% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,757 | -€5,427 | +€4,330 | +44.4% |
| Amounts payable | 17/49 | €325,775 | €408,999 | +€83,224 | +25.5% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,226 | €127,144 | +€76,918 | +153% |
| Trade debts | 44 | €50,226 | €119,644 | +€69,418 | +138% |
| Suppliers | 440/4 | €50,226 | €119,644 | +€69,418 | +138% |
| Other amounts payable | 47/48 | - | €7,500 | +€7,500 | |
| Accrued charges and deferred income | 492/3 | €25,549 | €31,855 | +€6,306 | +24.7% |
| Remuneration, social security and pensions | 62 | €16,479 | €454 | -€16,025 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,277 | €61,782 | +€19,505 | +46.1% |
| Other operating charges | 640/8 | €387 | €567 | +€180 | +46.5% |
| Gross operating margin | 9900 | €56,511 | €74,777 | +€18,266 | +32.3% |
| Operating profit (loss) | 9901 | -€2,632 | €11,974 | +€14,606 | |
| Financial charges | 65/66B | €7,125 | €7,604 | +€479 | +6.7% |
| Recurring financial charges | 65 | €7,125 | €7,604 | +€479 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,757 | €4,370 | +€14,127 | |
| Income taxes | 67/77 | - | €40 | +€40 | |
| Profit (loss) for the period | 9904 | -€9,757 | €4,330 | +€14,087 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,757 | €4,330 | +€14,087 |
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 23 October 2026 via checked.be.