neoSG: 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.
neoSG
Largest movements
- Cash +€56,553
up €56,553 (+43.5%), from €130,024 to €186,577
mainly Net result for the year (+€59,214) and Depreciation (+€1,985)
- Receivables within one year +€2,293
up €2,293 (+22.3%), from €10,282 to €12,575
of which Other amounts receivable: +€2,075
- Profit (loss) carried forward +€49,214
up €49,214 (+43.2%), from €113,980 to €163,194
- Reserves +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Gross operating margin +€11,761
up €11,761 (+20.2%), from €58,348 to €70,108
- Taxes +€6,541
up €6,541 (+390%), from €1,677 to €8,217
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 | €146,446 | €203,848 | +€57,402 | +39.2% |
| Fixed assets | 21/28 | €6,140 | €4,696 | -€1,444 | -23.5% |
| Tangible fixed assets | 22/27 | €6,140 | €4,696 | -€1,444 | -23.5% |
| Furniture and vehicles | 24 | €6,140 | €4,696 | -€1,444 | -23.5% |
| Current assets | 29/58 | €140,306 | €199,152 | +€58,846 | +41.9% |
| Amounts receivable within one year | 40/41 | €10,282 | €12,575 | +€2,293 | +22.3% |
| Trade receivables | 40 | €8,134 | €8,351 | +€217 | +2.7% |
| Other amounts receivable | 41 | €2,148 | €4,224 | +€2,075 | +96.6% |
| Cash at bank and in hand | 54/58 | €130,024 | €186,577 | +€56,553 | +43.5% |
| Total equity and liabilities | 10/49 | €146,446 | €203,848 | +€57,402 | +39.2% |
| Equity | 10/15 | €136,785 | €196,000 | +€59,214 | +43.3% |
| Contributions | 10/11 | €12,805 | €12,805 | = | 0.0% |
| Reserves | 13 | €10,000 | €20,000 | +€10,000 | +100% |
| Distributable reserves | 133 | €10,000 | €20,000 | +€10,000 | +100% |
| Profit (loss) carried forward | 14 | €113,980 | €163,194 | +€49,214 | +43.2% |
| Amounts payable | 17/49 | €9,661 | €7,849 | -€1,813 | -18.8% |
| Amounts payable within one year | 42/48 | €9,661 | €7,849 | -€1,813 | -18.8% |
| Trade debts | 44 | €1,568 | €623 | -€945 | -60.3% |
| Suppliers | 440/4 | €1,568 | €623 | -€945 | -60.3% |
| Taxes, remuneration and social security | 45 | €1,608 | €1,108 | -€500 | -31.1% |
| Taxes | 450/3 | €1,608 | €1,108 | -€500 | -31.1% |
| Other amounts payable | 47/48 | €6,485 | €6,117 | -€368 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,146 | €1,985 | -€161 | -7.5% |
| Other operating charges | 640/8 | €768 | €667 | -€102 | -13.2% |
| Gross operating margin | 9900 | €58,348 | €70,108 | +€11,761 | +20.2% |
| Operating profit (loss) | 9901 | €55,433 | €67,456 | +€12,023 | +21.7% |
| Financial income | 75/76B | €0 | €130 | +€130 | +99,969% |
| Recurring financial income | 75 | €0 | €130 | +€130 | +99,969% |
| Financial charges | 65/66B | €0 | €62 | +€62 | +620,100% |
| Recurring financial charges | 65 | €0 | €62 | +€62 | +620,100% |
| Profit (loss) for the period before taxes | 9903 | €55,434 | €67,524 | +€12,091 | +21.8% |
| Transfer to deferred taxes | 680 | €172 | €93 | -€79 | -46.0% |
| Income taxes | 67/77 | €1,677 | €8,217 | +€6,541 | +390% |
| Profit (loss) for the period | 9904 | €53,585 | €59,214 | +€5,630 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,585 | €59,214 | +€5,630 | +10.5% |
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 25 October 2026 via checked.be.