NEOWAL: 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.
NEOWAL
Largest movements
- Receivables after one year +€700,000
new in 2025: €700,000
- Cash +€55,359
up €55,359 (+26.3%), from €210,097 to €265,456
mainly Contributions, distributions and other (+€817,000)
- Deferred charges and accrued income +€17,999
new in 2025: €17,999
- Contributions +€817,000
up €817,000 (+129.5%), from €631,000 to €1.4m
- Trade debts -€17,380
down €17,380 (-27.0%), from €64,326 to €46,946
of which Bills of exchange payable: -€62,939
- Profit (loss) carried forward -€16,553
down €16,553 (-51.8%), from €31,978 to €15,426
- Gross operating margin -€78,814
down €78,814, from €44,468 to -€34,345
- Financial income +€17,999
new in 2025: €17,999
- Taxes -€12,232
no longer reported in 2025 (was €12,232)
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 | €740,847 | €1,522,604 | +€781,757 | +105.5% |
| Fixed assets | 21/28 | €530,750 | €530,750 | = | 0.0% |
| Financial fixed assets | 28 | €530,750 | €530,750 | = | 0.0% |
| Current assets | 29/58 | €210,097 | €991,854 | +€781,757 | +372.1% |
| Amounts receivable after more than one year | 29 | - | €700,000 | +€700,000 | |
| Other amounts receivable | 291 | - | €700,000 | +€700,000 | |
| Amounts receivable within one year | 40/41 | - | €8,400 | +€8,400 | |
| Other amounts receivable | 41 | - | €8,400 | +€8,400 | |
| Cash at bank and in hand | 54/58 | €210,097 | €265,456 | +€55,359 | +26.3% |
| Deferred charges and accrued income | 490/1 | - | €17,999 | +€17,999 | |
| Total equity and liabilities | 10/49 | €740,847 | €1,522,604 | +€781,757 | +105.5% |
| Equity | 10/15 | €662,978 | €1,463,426 | +€800,447 | +120.7% |
| Contributions | 10/11 | €631,000 | €1,448,000 | +€817,000 | +129.5% |
| Profit (loss) carried forward | 14 | €31,978 | €15,426 | -€16,553 | -51.8% |
| Amounts payable | 17/49 | €77,869 | €59,179 | -€18,690 | -24.0% |
| Amounts payable within one year | 42/48 | €77,869 | €59,179 | -€18,690 | -24.0% |
| Trade debts | 44 | €64,326 | €46,946 | -€17,380 | -27.0% |
| Suppliers | 440/4 | €1,387 | €46,946 | +€45,559 | +3284.6% |
| Bills of exchange payable | 441 | €62,939 | - | -€62,939 | |
| Taxes, remuneration and social security | 45 | €13,542 | €12,232 | -€1,310 | -9.7% |
| Taxes | 450/3 | €13,542 | €12,232 | -€1,310 | -9.7% |
| Gross operating margin | 9900 | €44,468 | -€34,345 | -€78,814 | |
| Operating profit (loss) | 9901 | €44,468 | -€34,345 | -€78,814 | |
| Financial income | 75/76B | - | €17,999 | +€17,999 | |
| Recurring financial income | 75 | - | €17,999 | +€17,999 | |
| Financial charges | 65/66B | €257 | €206 | -€51 | -20.0% |
| Recurring financial charges | 65 | €257 | €206 | -€51 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €44,211 | -€16,553 | -€60,763 | |
| Income taxes | 67/77 | €12,232 | - | -€12,232 | |
| Profit (loss) for the period | 9904 | €31,978 | -€16,553 | -€48,531 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,978 | -€16,553 | -€48,531 |
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.