NEOVA: 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.
NEOVA
Largest movements
- Cash -€101,459
down €101,459 (-66.7%), from €152,119 to €50,659
mainly Contributions, distributions and other (-€53,336) and Investment in fixed assets (net) (-€43,794)
- Tangible fixed assets +€30,452
up €30,452 (+125%), from €24,344 to €54,796
of which Furniture and vehicles: +€34,585
- Current investments +€29,000
new in 2025: €29,000
- Other debts -€29,017
down €29,017 (-61.3%), from €47,353 to €18,336
- Reserves -€13,146
down €13,146 (-11.3%), from €116,440 to €103,294
- Gross operating margin +€12,045
up €12,045 (+22.4%), from €53,741 to €65,786
- Depreciation +€6,863
up €6,863 (+106%), from €6,479 to €13,342
- Taxes -€1,719
down €1,719 (-13.6%), from €12,682 to €10,963
- Financial charges -€1,697
down €1,697 (-93.2%), from €1,821 to €124
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 | €189,876 | €148,304 | -€41,572 | -21.9% |
| Fixed assets | 21/28 | €24,344 | €54,796 | +€30,452 | +125% |
| Tangible fixed assets | 22/27 | €24,344 | €54,796 | +€30,452 | +125% |
| Land and buildings | 22 | €16,392 | €12,259 | -€4,133 | -25.2% |
| Furniture and vehicles | 24 | €7,952 | €42,537 | +€34,585 | +435% |
| Current assets | 29/58 | €165,532 | €93,508 | -€72,024 | -43.5% |
| Amounts receivable within one year | 40/41 | €12,124 | €12,458 | +€334 | +2.8% |
| Trade receivables | 40 | €11,975 | €12,445 | +€470 | +3.9% |
| Other amounts receivable | 41 | €149 | €13 | -€136 | -91.3% |
| Current investments | 50/53 | - | €29,000 | +€29,000 | |
| Cash at bank and in hand | 54/58 | €152,119 | €50,659 | -€101,459 | -66.7% |
| Deferred charges and accrued income | 490/1 | €1,289 | €1,391 | +€102 | +7.9% |
| Total equity and liabilities | 10/49 | €189,876 | €148,304 | -€41,572 | -21.9% |
| Equity | 10/15 | €135,040 | €121,894 | -€13,146 | -9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,440 | €103,294 | -€13,146 | -11.3% |
| Distributable reserves | 133 | €116,440 | €103,294 | -€13,146 | -11.3% |
| Amounts payable | 17/49 | €54,836 | €26,410 | -€28,426 | -51.8% |
| Amounts payable within one year | 42/48 | €54,836 | €26,410 | -€28,426 | -51.8% |
| Trade debts | 44 | €750 | €227 | -€523 | -69.7% |
| Suppliers | 440/4 | €750 | €227 | -€523 | -69.7% |
| Taxes, remuneration and social security | 45 | €6,732 | €7,847 | +€1,115 | +16.6% |
| Taxes | 450/3 | €6,732 | €7,847 | +€1,115 | +16.6% |
| Other amounts payable | 47/48 | €47,353 | €18,336 | -€29,017 | -61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,479 | €13,342 | +€6,863 | +106% |
| Other operating charges | 640/8 | €1,029 | €1,176 | +€147 | +14.2% |
| Gross operating margin | 9900 | €53,741 | €65,786 | +€12,045 | +22.4% |
| Operating profit (loss) | 9901 | €46,233 | €51,268 | +€5,035 | +10.9% |
| Financial income | 75/76B | €0 | €9 | +€8 | +1,990% |
| Recurring financial income | 75 | €0 | €9 | +€8 | +1,990% |
| Financial charges | 65/66B | €1,821 | €124 | -€1,697 | -93.2% |
| Recurring financial charges | 65 | €1,821 | €124 | -€1,697 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €44,413 | €51,153 | +€6,740 | +15.2% |
| Income taxes | 67/77 | €12,682 | €10,963 | -€1,719 | -13.6% |
| Profit (loss) for the period | 9904 | €31,730 | €40,190 | +€8,459 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,730 | €40,190 | +€8,459 | +26.7% |
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.