NEOVANTAGE: 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.
NEOVANTAGE
Largest movements
- Cash +€20,845
up €20,845 (+247%), from €8,428 to €29,273
mainly Net result for the year (+€31,039) and Receivables within one year (+€13,770)
- Receivables within one year -€13,770
down €13,770 (-33.6%), from €40,952 to €27,182
of which Trade receivables: -€10,884
- Current investments +€6,547
up €6,547 (+65.5%), from €10,000 to €16,547
- Tangible fixed assets +€2,306
up €2,306 (+219%), from €1,053 to €3,360
- Other debts +€8,097
new in 2025: €8,097
- Reserves +€6,039
up €6,039 (+23.2%), from €25,982 to €32,020
- Tax, wage and social debts +€5,023
up €5,023 (+17.8%), from €28,202 to €33,225
- Trade debts -€3,885
down €3,885 (-58.2%), from €6,680 to €2,795
- Gross operating margin +€17,476
up €17,476 (+70.9%), from €24,666 to €42,142
- Taxes +€4,161
up €4,161 (+75.1%), from €5,540 to €9,701
- Financial income -€540
down €540 (-92.0%), from €588 to €47
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 | €60,964 | €76,653 | +€15,689 | +25.7% |
| Fixed assets | 21/28 | €1,053 | €3,360 | +€2,306 | +219% |
| Tangible fixed assets | 22/27 | €1,053 | €3,360 | +€2,306 | +219% |
| Furniture and vehicles | 24 | €1,053 | €3,360 | +€2,306 | +219% |
| Current assets | 29/58 | €59,910 | €73,293 | +€13,383 | +22.3% |
| Amounts receivable within one year | 40/41 | €40,952 | €27,182 | -€13,770 | -33.6% |
| Trade receivables | 40 | €38,067 | €27,182 | -€10,884 | -28.6% |
| Other amounts receivable | 41 | €2,885 | €0 | -€2,885 | -100% |
| Current investments | 50/53 | €10,000 | €16,547 | +€6,547 | +65.5% |
| Cash at bank and in hand | 54/58 | €8,428 | €29,273 | +€20,845 | +247% |
| Deferred charges and accrued income | 490/1 | €531 | €291 | -€239 | -45.1% |
| Total equity and liabilities | 10/49 | €60,964 | €76,653 | +€15,689 | +25.7% |
| Equity | 10/15 | €26,082 | €32,120 | +€6,039 | +23.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €25,982 | €32,020 | +€6,039 | +23.2% |
| Distributable reserves | 133 | €25,982 | €32,020 | +€6,039 | +23.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,882 | €44,533 | +€9,650 | +27.7% |
| Amounts payable within one year | 42/48 | €34,882 | €44,533 | +€9,650 | +27.7% |
| Financial debts | 43 | €0 | €416 | +€416 | |
| Credit institutions | 430/8 | €0 | €416 | +€416 | |
| Trade debts | 44 | €6,680 | €2,795 | -€3,885 | -58.2% |
| Suppliers | 440/4 | €6,680 | €2,795 | -€3,885 | -58.2% |
| Taxes, remuneration and social security | 45 | €28,202 | €33,225 | +€5,023 | +17.8% |
| Taxes | 450/3 | €28,202 | €33,225 | +€5,023 | +17.8% |
| Other amounts payable | 47/48 | - | €8,097 | +€8,097 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,197 | €1,197 | +€1 | 0.0% |
| Gross operating margin | 9900 | €24,666 | €42,142 | +€17,476 | +70.9% |
| Operating profit (loss) | 9901 | €23,469 | €40,945 | +€17,476 | +74.5% |
| Financial income | 75/76B | €588 | €47 | -€540 | -92.0% |
| Recurring financial income | 75 | €588 | €47 | -€540 | -92.0% |
| Financial charges | 65/66B | €318 | €253 | -€65 | -20.6% |
| Recurring financial charges | 65 | €318 | €253 | -€65 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €23,739 | €40,739 | +€17,001 | +71.6% |
| Income taxes | 67/77 | €5,540 | €9,701 | +€4,161 | +75.1% |
| Profit (loss) for the period | 9904 | €18,199 | €31,039 | +€12,839 | +70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,199 | €31,039 | +€12,839 | +70.5% |
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 20 October 2026 via checked.be.