NEOPROJECTS: 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.
NEOPROJECTS
Largest movements
- Financial fixed assets +€1.6m
up €1.6m (+20.9%), from €7.6m to €9.2m
- Receivables within one year +€222,374
up €222,374 (+21.0%), from €1.1m to €1.3m
of which Other amounts receivable: +€277,419
- Debts after one year +€2.1m
up €2.1m (+25.7%), from €8.2m to €10.3m
- Profit (loss) carried forward -€451,787
new in 2025: -€451,787
- Trade debts +€250,917
up €250,917 (+132%), from €190,232 to €441,148
- Financial charges +€467,865
up €467,865 (+245%), from €190,619 to €658,483
of which Non-recurring financial charges: +€367,500
- Write-downs +€351,823
new in 2025: €351,823
- Other operating charges +€150,555
up €150,555 (+13,869%), from €1,086 to €151,641
- Financial income +€135,172
up €135,172 (+48.9%), from €276,429 to €411,602
- Gross operating margin +€135,097
up €135,097 (+97.4%), from €138,717 to €273,814
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 | €8,853,899 | €10,718,432 | +€1.9m | +21.1% |
| Formation expenses | 20 | €6,573 | €1,456 | -€5,117 | -77.8% |
| Fixed assets | 21/28 | €7,647,064 | €9,242,497 | +€1.6m | +20.9% |
| Financial fixed assets | 28 | €7,647,064 | €9,242,497 | +€1.6m | +20.9% |
| Current assets | 29/58 | €1,200,263 | €1,474,479 | +€274,216 | +22.8% |
| Amounts receivable within one year | 40/41 | €1,061,312 | €1,283,686 | +€222,374 | +21.0% |
| Trade receivables | 40 | €465,619 | €410,574 | -€55,045 | -11.8% |
| Other amounts receivable | 41 | €595,693 | €873,112 | +€277,419 | +46.6% |
| Cash at bank and in hand | 54/58 | €125,257 | €182,589 | +€57,333 | +45.8% |
| Deferred charges and accrued income | 490/1 | €13,694 | €8,203 | -€5,491 | -40.1% |
| Total equity and liabilities | 10/49 | €8,853,899 | €10,718,432 | +€1.9m | +21.1% |
| Equity | 10/15 | €417,826 | -€63,404 | -€481,230 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €407,826 | €378,383 | -€29,442 | -7.2% |
| Distributable reserves | 133 | €407,826 | €378,383 | -€29,442 | -7.2% |
| Profit (loss) carried forward | 14 | - | -€451,787 | -€451,787 | |
| Amounts payable | 17/49 | €8,436,074 | €10,781,836 | +€2.3m | +27.8% |
| Amounts payable after more than one year | 17 | €8,209,654 | €10,316,654 | +€2.1m | +25.7% |
| Financial debts | 170/4 | €8,209,654 | €10,316,654 | +€2.1m | +25.7% |
| Amounts payable within one year | 42/48 | €226,420 | €465,182 | +€238,762 | +105% |
| Trade debts | 44 | €190,232 | €441,148 | +€250,917 | +132% |
| Suppliers | 440/4 | €190,232 | €441,148 | +€250,917 | +132% |
| Taxes, remuneration and social security | 45 | €36,188 | €19,488 | -€16,700 | -46.1% |
| Taxes | 450/3 | €36,188 | €19,488 | -€16,700 | -46.1% |
| Other amounts payable | 47/48 | - | €4,545 | +€4,545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,117 | €5,117 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €351,823 | +€351,823 | |
| Other operating charges | 640/8 | €1,086 | €151,641 | +€150,555 | +13,869% |
| Gross operating margin | 9900 | €138,717 | €273,814 | +€135,097 | +97.4% |
| Operating profit (loss) | 9901 | €132,515 | -€234,767 | -€367,281 | |
| Financial income | 75/76B | €276,429 | €411,602 | +€135,172 | +48.9% |
| Recurring financial income | 75 | €276,429 | €411,602 | +€135,172 | +48.9% |
| Financial charges | 65/66B | €190,619 | €658,483 | +€467,865 | +245% |
| Recurring financial charges | 65 | €190,619 | €290,983 | +€100,365 | +52.7% |
| Non-recurring financial charges | 66B | - | €367,500 | +€367,500 | |
| Profit (loss) for the period before taxes | 9903 | €218,325 | -€481,648 | -€699,974 | |
| Income taxes | 67/77 | €65,255 | -€419 | -€65,673 | |
| Profit (loss) for the period | 9904 | €153,071 | -€481,230 | -€634,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €153,071 | -€481,230 | -€634,300 |
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 27 October 2026 via checked.be.