NEOSHORE: 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.
NEOSHORE
Largest movements
- Intangible fixed assets +€88,381
new in 2025: €88,381
- Tangible fixed assets +€79,216
up €79,216 (+2440.0%), from €3,247 to €82,462
of which Land and buildings: +€74,893
- Cash -€72,078
down €72,078 (-98.7%), from €73,013 to €935
mainly Investment in fixed assets (net) (-€173,879) and Receivables within one year (-€49,030)
- Receivables within one year +€49,030
up €49,030 (+65.8%), from €74,548 to €123,578
of which Trade receivables: +€49,030
- Current portion of long-term debt +€51,289
new in 2025: €51,289
- Short-term financial debts +€49,794
new in 2025: €49,794
- Tax, wage and social debts +€23,706
up €23,706 (+60.2%), from €39,406 to €63,112
of which Taxes: +€15,459
- Trade debts +€22,743
up €22,743 (+81.8%), from €27,810 to €50,553
- Profit (loss) carried forward -€5,459
down €5,459 (-6.5%), from €83,961 to €78,502
- Staff costs +€54,992
up €54,992 (+83.9%), from €65,579 to €120,571
- Gross operating margin +€15,281
up €15,281 (+12.1%), from €126,556 to €141,837
- Depreciation +€3,003
up €3,003 (+108.1%), from €2,779 to €5,782
- Financial charges +€1,594
up €1,594 (+48.6%), from €3,280 to €4,873
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 | €209,301 | €352,580 | +€143,279 | +68.5% |
| Fixed assets | 21/28 | €59,347 | €227,443 | +€168,097 | +283.2% |
| Intangible fixed assets | 21 | - | €88,381 | +€88,381 | |
| Tangible fixed assets | 22/27 | €3,247 | €82,462 | +€79,216 | +2440.0% |
| Land and buildings | 22 | - | €74,893 | +€74,893 | |
| Furniture and vehicles | 24 | €3,247 | €7,570 | +€4,323 | +133.2% |
| Financial fixed assets | 28 | €56,100 | €56,600 | +€500 | +0.9% |
| Current assets | 29/58 | €149,955 | €125,137 | -€24,818 | -16.6% |
| Amounts receivable within one year | 40/41 | €74,548 | €123,578 | +€49,030 | +65.8% |
| Trade receivables | 40 | €71,448 | €120,478 | +€49,030 | +68.6% |
| Other amounts receivable | 41 | €3,100 | €3,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,013 | €935 | -€72,078 | -98.7% |
| Deferred charges and accrued income | 490/1 | €2,394 | €624 | -€1,770 | -73.9% |
| Total equity and liabilities | 10/49 | €209,301 | €352,580 | +€143,279 | +68.5% |
| Equity | 10/15 | €85,961 | €80,502 | -€5,459 | -6.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,961 | €78,502 | -€5,459 | -6.5% |
| Amounts payable | 17/49 | €123,340 | €272,078 | +€148,738 | +120.6% |
| Amounts payable after more than one year | 17 | €55,000 | €55,000 | = | 0.0% |
| Financial debts | 170/4 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,216 | €214,747 | +€147,531 | +219.5% |
| Current portion of amounts payable after more than one year | 42 | - | €51,289 | +€51,289 | |
| Financial debts | 43 | - | €49,794 | +€49,794 | |
| Credit institutions | 430/8 | - | €49,794 | +€49,794 | |
| Trade debts | 44 | €27,810 | €50,553 | +€22,743 | +81.8% |
| Suppliers | 440/4 | €27,810 | €50,553 | +€22,743 | +81.8% |
| Taxes, remuneration and social security | 45 | €39,406 | €63,112 | +€23,706 | +60.2% |
| Taxes | 450/3 | €34,223 | €49,681 | +€15,459 | +45.2% |
| Remuneration and social security | 454/9 | €5,183 | €13,430 | +€8,247 | +159.1% |
| Accrued charges and deferred income | 492/3 | €1,124 | €2,331 | +€1,207 | +107.4% |
| Remuneration, social security and pensions | 62 | €65,579 | €120,571 | +€54,992 | +83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,779 | €5,782 | +€3,003 | +108.1% |
| Other operating charges | 640/8 | €448 | €149 | -€299 | -66.8% |
| Gross operating margin | 9900 | €126,556 | €141,837 | +€15,281 | +12.1% |
| Operating profit (loss) | 9901 | €57,750 | €15,335 | -€42,415 | -73.4% |
| Financial income | 75/76B | €0 | €364 | +€363 | +279553.8% |
| Recurring financial income | 75 | €0 | €364 | +€363 | +279553.8% |
| Financial charges | 65/66B | €3,280 | €4,873 | +€1,594 | +48.6% |
| Recurring financial charges | 65 | €3,280 | €4,873 | +€1,594 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €54,471 | €10,825 | -€43,646 | -80.1% |
| Income taxes | 67/77 | €498 | €58 | -€440 | -88.3% |
| Profit (loss) for the period | 9904 | €53,973 | €10,767 | -€43,206 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,973 | €10,767 | -€43,206 | -80.1% |
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 12 October 2026 via checked.be.