NEOREAL: 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.
NEOREAL
Largest movements
- Cash +€2,474
up €2,474 (+68.7%), from €3,602 to €6,076
mainly Depreciation (+€2,334) and Trade debts (+€2,025)
- Tangible fixed assets -€2,334
down €2,334 (-45.3%), from €5,151 to €2,818
- Trade debts +€2,025
up €2,025 (+98.6%), from €2,055 to €4,080
- Profit (loss) carried forward -€730
down €730 (-20.3%), from €3,603 to €2,873
- Other debts -€633
down €633 (-12.4%), from €5,093 to €4,460
- Tax, wage and social debts -€480
down €480 (-57.9%), from €829 to €349
- Gross operating margin +€4,023
up €4,023 (+1,489%), from €270 to €4,293
- Other operating charges +€1,557
up €1,557 (+247%), from €630 to €2,187
- Depreciation +€610
up €610 (+35.4%), from €1,724 to €2,334
- Taxes -€201
down €201 (-36.6%), from €550 to €349
- Financial charges +€69
up €69 (+68.4%), from €100 to €169
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 | €12,130 | €12,313 | +€183 | +1.5% |
| Fixed assets | 21/28 | €5,151 | €2,818 | -€2,334 | -45.3% |
| Tangible fixed assets | 22/27 | €5,151 | €2,818 | -€2,334 | -45.3% |
| Furniture and vehicles | 24 | €5,151 | €2,818 | -€2,334 | -45.3% |
| Current assets | 29/58 | €6,979 | €9,495 | +€2,516 | +36.1% |
| Amounts receivable within one year | 40/41 | €3,316 | €3,381 | +€64 | +1.9% |
| Trade receivables | 40 | €2,939 | €2,440 | -€499 | -17.0% |
| Other amounts receivable | 41 | €378 | €941 | +€563 | +149% |
| Cash at bank and in hand | 54/58 | €3,602 | €6,076 | +€2,474 | +68.7% |
| Deferred charges and accrued income | 490/1 | €61 | €39 | -€22 | -36.7% |
| Total equity and liabilities | 10/49 | €12,130 | €12,313 | +€183 | +1.5% |
| Equity | 10/15 | €4,153 | €3,423 | -€730 | -17.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,603 | €2,873 | -€730 | -20.3% |
| Amounts payable | 17/49 | €7,977 | €8,890 | +€913 | +11.4% |
| Amounts payable within one year | 42/48 | €7,977 | €8,890 | +€913 | +11.4% |
| Trade debts | 44 | €2,055 | €4,080 | +€2,025 | +98.6% |
| Suppliers | 440/4 | €2,055 | €4,080 | +€2,025 | +98.6% |
| Taxes, remuneration and social security | 45 | €829 | €349 | -€480 | -57.9% |
| Taxes | 450/3 | €829 | €349 | -€480 | -57.9% |
| Other amounts payable | 47/48 | €5,093 | €4,460 | -€633 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,724 | €2,334 | +€610 | +35.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €630 | €2,187 | +€1,557 | +247% |
| Gross operating margin | 9900 | €270 | €4,293 | +€4,023 | +1,489% |
| Operating profit (loss) | 9901 | -€2,084 | -€227 | +€1,856 | +89.1% |
| Financial income | 75/76B | €0 | €16 | +€16 | +6,533% |
| Recurring financial income | 75 | €0 | €16 | +€16 | +6,533% |
| Financial charges | 65/66B | €100 | €169 | +€69 | +68.4% |
| Recurring financial charges | 65 | €100 | €169 | +€69 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,184 | -€381 | +€1,803 | +82.6% |
| Income taxes | 67/77 | €550 | €349 | -€201 | -36.6% |
| Profit (loss) for the period | 9904 | -€2,734 | -€730 | +€2,004 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,734 | -€730 | +€2,004 | +73.3% |
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 26 October 2026 via checked.be.