NEOLAS: 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.
NEOLAS
Largest movements
- Cash +€38,283
up €38,283 (+36.3%), from €105,499 to €143,782
mainly Net result for the year (+€48,126) and Depreciation (+€8,031)
- Tangible fixed assets -€6,917
down €6,917 (-49.9%), from €13,866 to €6,949
of which Furniture and vehicles: -€6,917
- Reserves +€31,034
up €31,034 (+22.2%), from €140,087 to €171,121
- Gross operating margin +€11,509
up €11,509 (+17.3%), from €66,557 to €78,066
- Depreciation +€2,360
up €2,360 (+41.6%), from €5,671 to €8,031
- Taxes +€2,293
up €2,293 (+13.3%), from €17,237 to €19,530
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 | €170,793 | €202,843 | +€32,051 | +18.8% |
| Fixed assets | 21/28 | €14,416 | €7,499 | -€6,917 | -48.0% |
| Tangible fixed assets | 22/27 | €13,866 | €6,949 | -€6,917 | -49.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €13,866 | €6,949 | -€6,917 | -49.9% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €156,377 | €195,344 | +€38,967 | +24.9% |
| Amounts receivable within one year | 40/41 | €16,581 | €17,474 | +€893 | +5.4% |
| Trade receivables | 40 | €16,581 | €17,474 | +€893 | +5.4% |
| Cash at bank and in hand | 54/58 | €105,499 | €143,782 | +€38,283 | +36.3% |
| Deferred charges and accrued income | 490/1 | €34,297 | €34,088 | -€209 | -0.6% |
| Total equity and liabilities | 10/49 | €170,793 | €202,843 | +€32,051 | +18.8% |
| Equity | 10/15 | €146,288 | €177,321 | +€31,034 | +21.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €140,087 | €171,121 | +€31,034 | +22.2% |
| Distributable reserves | 133 | €140,087 | €171,121 | +€31,034 | +22.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €24,505 | €25,522 | +€1,017 | +4.2% |
| Amounts payable within one year | 42/48 | €24,505 | €25,522 | +€1,017 | +4.2% |
| Trade debts | 44 | €817 | €581 | -€236 | -28.9% |
| Suppliers | 440/4 | €817 | €581 | -€236 | -28.9% |
| Taxes, remuneration and social security | 45 | €7,168 | €6,790 | -€378 | -5.3% |
| Taxes | 450/3 | €7,168 | €6,790 | -€378 | -5.3% |
| Other amounts payable | 47/48 | €16,520 | €18,151 | +€1,631 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,671 | €8,031 | +€2,360 | +41.6% |
| Other operating charges | 640/8 | €1,411 | €1,458 | +€47 | +3.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €66,557 | €78,066 | +€11,509 | +17.3% |
| Operating profit (loss) | 9901 | €59,476 | €68,577 | +€9,102 | +15.3% |
| Financial income | 75/76B | €467 | €592 | +€125 | +26.9% |
| Recurring financial income | 75 | €467 | €592 | +€125 | +26.9% |
| Financial charges | 65/66B | €871 | €1,513 | +€642 | +73.6% |
| Recurring financial charges | 65 | €871 | €1,513 | +€642 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | €59,071 | €67,657 | +€8,585 | +14.5% |
| Income taxes | 67/77 | €17,237 | €19,530 | +€2,293 | +13.3% |
| Profit (loss) for the period | 9904 | €41,834 | €48,126 | +€6,292 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,834 | €48,126 | +€6,292 | +15.0% |
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 8 October 2026 via checked.be.