NEOPOWER: 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.
NEOPOWER
Largest movements
- Current investments -€94,583
down €94,583 (-61.9%), from €152,788 to €58,205
- Cash +€79,340
up €79,340 (+128.8%), from €61,582 to €140,922
mainly Trade debts (+€104,731) and Current investments (+€94,583)
- Intangible fixed assets +€45,705
up €45,705 (+3834.5%), from €1,192 to €46,897
- Stocks and contracts -€19,969
down €19,969 (-13.1%), from €151,963 to €131,995
- Deferred charges and accrued income -€5,452
down €5,452 (-53.5%), from €10,195 to €4,742
- Trade debts +€104,731
up €104,731 (+336.7%), from €31,102 to €135,834
- Tax, wage and social debts -€100,664
down €100,664 (-82.8%), from €121,553 to €20,889
of which Taxes: -€102,272
- Profit (loss) carried forward -€77,948
down €77,948 (-62.2%), from €125,416 to €47,468
- Advances received +€68,617
up €68,617 (+165.4%), from €41,476 to €110,093
- Financial income +€100,912
up €100,912 (+1326044.9%), from €8 to €100,920
of which Non-recurring financial income: +€100,417
- Staff costs -€32,258
down €32,258 (-20.4%), from €157,871 to €125,613
- Gross operating margin -€20,950
down €20,950 (-96.1%), from -€21,804 to -€42,754
- Depreciation +€1,327
up €1,327 (+29.6%), from €4,491 to €5,818
- Financial charges -€861
down €861 (-17.0%), from €5,056 to €4,195
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 | €478,103 | €476,261 | -€1,843 | -0.4% |
| Fixed assets | 21/28 | €15,550 | €58,100 | +€42,549 | +273.6% |
| Intangible fixed assets | 21 | €1,192 | €46,897 | +€45,705 | +3834.5% |
| Tangible fixed assets | 22/27 | €13,159 | €10,003 | -€3,155 | -24.0% |
| Plant, machinery and equipment | 23 | €7,490 | €6,292 | -€1,198 | -16.0% |
| Furniture and vehicles | 24 | €5,668 | €3,711 | -€1,957 | -34.5% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €462,553 | €418,161 | -€44,392 | -9.6% |
| Stocks and contracts in progress | 3 | €151,963 | €131,995 | -€19,969 | -13.1% |
| Stocks | 30/36 | €151,963 | €131,995 | -€19,969 | -13.1% |
| Amounts receivable within one year | 40/41 | €86,025 | €82,297 | -€3,728 | -4.3% |
| Trade receivables | 40 | €37,636 | €64,751 | +€27,114 | +72.0% |
| Other amounts receivable | 41 | €48,389 | €17,547 | -€30,843 | -63.7% |
| Current investments | 50/53 | €152,788 | €58,205 | -€94,583 | -61.9% |
| Cash at bank and in hand | 54/58 | €61,582 | €140,922 | +€79,340 | +128.8% |
| Deferred charges and accrued income | 490/1 | €10,195 | €4,742 | -€5,452 | -53.5% |
| Total equity and liabilities | 10/49 | €478,103 | €476,261 | -€1,843 | -0.4% |
| Equity | 10/15 | €225,416 | €147,468 | -€77,948 | -34.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,416 | €47,468 | -€77,948 | -62.2% |
| Amounts payable | 17/49 | €252,688 | €328,793 | +€76,105 | +30.1% |
| Amounts payable after more than one year | 17 | €53,808 | €50,000 | -€3,808 | -7.1% |
| Financial debts | 170/4 | €53,808 | €50,000 | -€3,808 | -7.1% |
| Amounts payable within one year | 42/48 | €198,880 | €274,793 | +€75,913 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €4,749 | €7,978 | +€3,230 | +68.0% |
| Trade debts | 44 | €31,102 | €135,834 | +€104,731 | +336.7% |
| Suppliers | 440/4 | €31,102 | €135,834 | +€104,731 | +336.7% |
| Advances received on contracts in progress | 46 | €41,476 | €110,093 | +€68,617 | +165.4% |
| Taxes, remuneration and social security | 45 | €121,553 | €20,889 | -€100,664 | -82.8% |
| Taxes | 450/3 | €103,414 | €1,142 | -€102,272 | -98.9% |
| Remuneration and social security | 454/9 | €18,139 | €19,747 | +€1,608 | +8.9% |
| Accrued charges and deferred income | 492/3 | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €157,871 | €125,613 | -€32,258 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,491 | €5,818 | +€1,327 | +29.6% |
| Other operating charges | 640/8 | €884 | €187 | -€697 | -78.8% |
| Gross operating margin | 9900 | -€21,804 | -€42,754 | -€20,950 | -96.1% |
| Operating profit (loss) | 9901 | -€185,049 | -€174,372 | +€10,678 | +5.8% |
| Financial income | 75/76B | €8 | €100,920 | +€100,912 | +1326044.9% |
| Recurring financial income | 75 | €8 | €503 | +€495 | +6508.3% |
| Non-recurring financial income | 76B | - | €100,417 | +€100,417 | |
| Financial charges | 65/66B | €5,056 | €4,195 | -€861 | -17.0% |
| Recurring financial charges | 65 | €5,056 | €4,195 | -€861 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€190,098 | -€77,647 | +€112,450 | +59.2% |
| Income taxes | 67/77 | - | €301 | +€301 | |
| Profit (loss) for the period | 9904 | -€190,098 | -€77,948 | +€112,150 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€190,098 | -€77,948 | +€112,150 | +59.0% |
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 6 October 2026 via checked.be.