NEOVISION: 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.
NEOVISION
Largest movements
- Cash +€231,736
up €231,736 (+56.3%), from €411,747 to €643,483
mainly Net result for the year (+€155,078) and Depreciation (+€45,896)
- Tangible fixed assets -€39,710
down €39,710 (-26.4%), from €150,318 to €110,608
of which Other tangible fixed assets: -€34,640
- Receivables within one year -€32,442
down €32,442 (-71.9%), from €45,104 to €12,662
of which Trade receivables: -€32,347
- Deferred charges and accrued income -€16,469
down €16,469 (-85.7%), from €19,215 to €2,746
- Profit (loss) carried forward +€121,078
up €121,078 (+62.5%), from €193,713 to €314,791
- Trade debts +€45,703
up €45,703 (+17.5%), from €261,421 to €307,124
- Current portion of long-term debt -€25,821
down €25,821 (-100%), from €25,821 to €0
- Other debts +€22,786
up €22,786 (+22.4%), from €101,900 to €124,686
- Tax, wage and social debts -€21,445
down €21,445 (-23.5%), from €91,310 to €69,865
of which Taxes: -€22,393
- Turnover -€1.7m
no longer reported in 2025 (was €1.7m)
- Purchases and services -€1.3m
no longer reported in 2025 (was €1.3m)
- Gross operating margin +€36,545
up €36,545 (+8.8%), from €413,940 to €450,485
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 | €777,732 | €910,565 | +€132,833 | +17.1% |
| Fixed assets | 21/28 | €157,882 | €114,608 | -€43,274 | -27.4% |
| Intangible fixed assets | 21 | €7,564 | €4,000 | -€3,564 | -47.1% |
| Tangible fixed assets | 22/27 | €150,318 | €110,608 | -€39,710 | -26.4% |
| Furniture and vehicles | 24 | €19,895 | €14,826 | -€5,069 | -25.5% |
| Other tangible fixed assets | 26 | €130,422 | €95,782 | -€34,640 | -26.6% |
| Current assets | 29/58 | €619,850 | €795,956 | +€176,106 | +28.4% |
| Stocks and contracts in progress | 3 | €143,784 | €137,066 | -€6,718 | -4.7% |
| Stocks | 30/36 | €143,784 | €137,066 | -€6,718 | -4.7% |
| Amounts receivable within one year | 40/41 | €45,104 | €12,662 | -€32,442 | -71.9% |
| Trade receivables | 40 | €45,009 | €12,662 | -€32,347 | -71.9% |
| Other amounts receivable | 41 | €95 | €0 | -€95 | -100% |
| Cash at bank and in hand | 54/58 | €411,747 | €643,483 | +€231,736 | +56.3% |
| Deferred charges and accrued income | 490/1 | €19,215 | €2,746 | -€16,469 | -85.7% |
| Total equity and liabilities | 10/49 | €777,732 | €910,565 | +€132,833 | +17.1% |
| Equity | 10/15 | €297,280 | €408,890 | +€111,610 | +37.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €54,099 | €54,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,099 | €50,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,713 | €314,791 | +€121,078 | +62.5% |
| Investment grants | 15 | €9,468 | €0 | -€9,468 | -100% |
| Amounts payable | 17/49 | €480,452 | €501,675 | +€21,223 | +4.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €480,452 | €501,675 | +€21,223 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €25,821 | €0 | -€25,821 | -100% |
| Trade debts | 44 | €261,421 | €307,124 | +€45,703 | +17.5% |
| Suppliers | 440/4 | €261,421 | €307,124 | +€45,703 | +17.5% |
| Taxes, remuneration and social security | 45 | €91,310 | €69,865 | -€21,445 | -23.5% |
| Taxes | 450/3 | €76,922 | €54,529 | -€22,393 | -29.1% |
| Remuneration and social security | 454/9 | €14,388 | €15,336 | +€948 | +6.6% |
| Other amounts payable | 47/48 | €101,900 | €124,686 | +€22,786 | +22.4% |
| Turnover | 70 | €1,677,862 | - | -€1.7m | |
| Non-recurring operating income | 76A | €9,132 | - | -€9,132 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,286,016 | - | -€1.3m | |
| Remuneration, social security and pensions | 62 | €170,340 | €182,219 | +€11,879 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,465 | €45,896 | -€15,569 | -25.3% |
| Other operating charges | 640/8 | €32,419 | €26,595 | -€5,824 | -18.0% |
| Gross operating margin | 9900 | €413,940 | €450,485 | +€36,545 | +8.8% |
| Operating profit (loss) | 9901 | €149,715 | €195,774 | +€46,059 | +30.8% |
| Financial income | 75/76B | €8,537 | €9,468 | +€931 | +10.9% |
| Recurring financial income | 75 | €8,537 | €9,468 | +€931 | +10.9% |
| Financial charges | 65/66B | €9,159 | €11,522 | +€2,363 | +25.8% |
| Recurring financial charges | 65 | €9,159 | €11,522 | +€2,363 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €149,093 | €193,720 | +€44,627 | +29.9% |
| Income taxes | 67/77 | €36,016 | €38,643 | +€2,626 | +7.3% |
| Profit (loss) for the period | 9904 | €113,077 | €155,078 | +€42,001 | +37.1% |
| Transfer to tax-exempt reserves | 689 | €50,099 | €0 | -€50,099 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €62,978 | €155,078 | +€92,100 | +146% |
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.