NEOSKY: 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.
NEOSKY
Largest movements
- Current investments -€400,000
no longer reported in 2025 (was €400,000)
- Cash +€395,355
up €395,355 (+1,049%), from €37,672 to €433,027
mainly Current investments (+€400,000) and Depreciation (+€396,580)
- Tangible fixed assets -€394,826
down €394,826 (-4.1%), from €9.6m to €9.2m
of which Land and buildings: -€393,786
- Debts after one year -€367,864
down €367,864 (-5.3%), from €6.9m to €6.5m
- Investment grants +€161,326
up €161,326 (+88.5%), from €182,279 to €343,605
- Trade debts -€120,344
down €120,344 (-82.7%), from €145,596 to €25,252
- Financial charges +€42,951
up €42,951 (+30.5%), from €140,674 to €183,625
- Gross operating margin -€27,786
down €27,786 (-4.3%), from €649,256 to €621,470
- Financial income +€17,596
up €17,596 (+214%), from €8,204 to €25,800
- Taxes +€8,826
up €8,826 (+221%), from €3,994 to €12,820
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 | €10,160,950 | €9,857,925 | -€303,025 | -3.0% |
| Formation expenses | 20 | €2,638 | €2,465 | -€173 | -6.6% |
| Fixed assets | 21/28 | €9,592,812 | €9,196,406 | -€396,407 | -4.1% |
| Intangible fixed assets | 21 | €3,604 | €2,023 | -€1,581 | -43.9% |
| Tangible fixed assets | 22/27 | €9,589,208 | €9,194,382 | -€394,826 | -4.1% |
| Land and buildings | 22 | €9,585,128 | €9,191,342 | -€393,786 | -4.1% |
| Furniture and vehicles | 24 | €4,080 | €3,040 | -€1,040 | -25.5% |
| Current assets | 29/58 | €565,500 | €659,055 | +€93,555 | +16.5% |
| Amounts receivable within one year | 40/41 | €127,103 | €206,028 | +€78,925 | +62.1% |
| Trade receivables | 40 | €113,859 | €180,842 | +€66,983 | +58.8% |
| Other amounts receivable | 41 | €13,244 | €25,186 | +€11,942 | +90.2% |
| Current investments | 50/53 | €400,000 | - | -€400,000 | |
| Cash at bank and in hand | 54/58 | €37,672 | €433,027 | +€395,355 | +1,049% |
| Deferred charges and accrued income | 490/1 | €725 | €20,000 | +€19,275 | +2,658% |
| Total equity and liabilities | 10/49 | €10,160,950 | €9,857,925 | -€303,025 | -3.0% |
| Equity | 10/15 | €1,550,522 | €1,765,573 | +€215,052 | +13.9% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €18,412 | €21,098 | +€2,686 | +14.6% |
| Non-distributable reserves | 130/1 | €18,412 | €21,098 | +€2,686 | +14.6% |
| Legal reserve | 130 | €18,412 | €21,098 | +€2,686 | +14.6% |
| Profit (loss) carried forward | 14 | €349,831 | €400,870 | +€51,039 | +14.6% |
| Investment grants | 15 | €182,279 | €343,605 | +€161,326 | +88.5% |
| Amounts payable | 17/49 | €8,610,429 | €8,092,352 | -€518,077 | -6.0% |
| Amounts payable after more than one year | 17 | €6,899,545 | €6,531,681 | -€367,864 | -5.3% |
| Financial debts | 170/4 | €6,899,545 | €6,531,681 | -€367,864 | -5.3% |
| Amounts payable within one year | 42/48 | €1,577,254 | €1,436,441 | -€140,813 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €420,714 | €391,598 | -€29,117 | -6.9% |
| Trade debts | 44 | €145,596 | €25,252 | -€120,344 | -82.7% |
| Suppliers | 440/4 | €145,596 | €25,252 | -€120,344 | -82.7% |
| Taxes, remuneration and social security | 45 | €8,325 | €17,211 | +€8,886 | +107% |
| Taxes | 450/3 | €8,325 | €17,211 | +€8,886 | +107% |
| Other amounts payable | 47/48 | €1,002,620 | €1,002,381 | -€239 | 0.0% |
| Accrued charges and deferred income | 492/3 | €133,630 | €124,230 | -€9,400 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393,455 | €396,580 | +€3,124 | +0.8% |
| Other operating charges | 640/8 | €520 | €520 | = | 0.0% |
| Gross operating margin | 9900 | €649,256 | €621,470 | -€27,786 | -4.3% |
| Operating profit (loss) | 9901 | €255,280 | €224,370 | -€30,910 | -12.1% |
| Financial income | 75/76B | €8,204 | €25,800 | +€17,596 | +214% |
| Recurring financial income | 75 | €8,204 | €25,800 | +€17,596 | +214% |
| Financial charges | 65/66B | €140,674 | €183,625 | +€42,951 | +30.5% |
| Recurring financial charges | 65 | €140,674 | €183,625 | +€42,951 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €122,810 | €66,545 | -€56,265 | -45.8% |
| Income taxes | 67/77 | €3,994 | €12,820 | +€8,826 | +221% |
| Profit (loss) for the period | 9904 | €118,816 | €53,725 | -€65,091 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €118,816 | €53,725 | -€65,091 | -54.8% |
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 30 October 2026 via checked.be.