NEOM: 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.
NEOM
Largest movements
- Receivables within one year +€12,606
up €12,606 (+22.4%), from €56,397 to €69,003
of which Trade receivables: +€9,765
- Receivables after one year -€5,000
down €5,000 (-25.0%), from €20,000 to €15,000
- Cash -€4,868
down €4,868 (-93.3%), from €5,218 to €351
mainly Receivables within one year (-€12,606) and Accrued charges and deferred income (-€663)
- Reserves +€2,133
up €2,133 (+4.6%), from €46,576 to €48,709
- Gross operating margin -€1,602
down €1,602 (-47.1%), from €3,400 to €1,798
- Financial income +€1,159
up €1,159 (+54.9%), from €2,111 to €3,270
- Other operating charges +€503
up €503 (+97.4%), from €516 to €1,019
- Taxes -€79
down €79 (-5.5%), from €1,426 to €1,347
- Financial charges +€55
up €55 (+23.7%), from €231 to €286
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 | €82,118 | €84,816 | +€2,697 | +3.3% |
| Fixed assets | 21/28 | €503 | €220 | -€283 | -56.3% |
| Tangible fixed assets | 22/27 | €503 | €220 | -€283 | -56.3% |
| Furniture and vehicles | 24 | €503 | €220 | -€283 | -56.3% |
| Current assets | 29/58 | €81,615 | €84,596 | +€2,981 | +3.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Other amounts receivable | 291 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €56,397 | €69,003 | +€12,606 | +22.4% |
| Trade receivables | 40 | €21,235 | €31,000 | +€9,765 | +46.0% |
| Other amounts receivable | 41 | €35,162 | €38,003 | +€2,841 | +8.1% |
| Cash at bank and in hand | 54/58 | €5,218 | €351 | -€4,868 | -93.3% |
| Deferred charges and accrued income | 490/1 | - | €242 | +€242 | |
| Total equity and liabilities | 10/49 | €82,118 | €84,816 | +€2,697 | +3.3% |
| Equity | 10/15 | €51,576 | €53,709 | +€2,133 | +4.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,576 | €48,709 | +€2,133 | +4.6% |
| Distributable reserves | 133 | €46,576 | €48,709 | +€2,133 | +4.6% |
| Amounts payable | 17/49 | €30,543 | €31,107 | +€564 | +1.8% |
| Amounts payable within one year | 42/48 | €21,408 | €22,635 | +€1,227 | +5.7% |
| Trade debts | 44 | €1,591 | €2,416 | +€825 | +51.8% |
| Suppliers | 440/4 | €1,591 | €2,416 | +€825 | +51.8% |
| Taxes, remuneration and social security | 45 | €19,817 | €20,128 | +€311 | +1.6% |
| Taxes | 450/3 | €1,817 | €2,128 | +€311 | +17.1% |
| Remuneration and social security | 454/9 | €18,000 | €18,000 | = | 0.0% |
| Other amounts payable | 47/48 | - | €91 | +€91 | |
| Accrued charges and deferred income | 492/3 | €9,135 | €8,473 | -€663 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283 | €283 | = | 0.0% |
| Other operating charges | 640/8 | €516 | €1,019 | +€503 | +97.4% |
| Gross operating margin | 9900 | €3,400 | €1,798 | -€1,602 | -47.1% |
| Operating profit (loss) | 9901 | €2,600 | €496 | -€2,105 | -80.9% |
| Financial income | 75/76B | €2,111 | €3,270 | +€1,159 | +54.9% |
| Recurring financial income | 75 | €2,111 | €3,270 | +€1,159 | +54.9% |
| Financial charges | 65/66B | €231 | €286 | +€55 | +23.7% |
| Recurring financial charges | 65 | €231 | €286 | +€55 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €4,480 | €3,480 | -€1,001 | -22.3% |
| Income taxes | 67/77 | €1,426 | €1,347 | -€79 | -5.5% |
| Profit (loss) for the period | 9904 | €3,054 | €2,133 | -€922 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,054 | €2,133 | -€922 | -30.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.