NEUVOA MANAGEMENT: 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.
NEUVOA MANAGEMENT
Largest movements
- Cash +€21,474
up €21,474 (+40.0%), from €53,699 to €75,173
mainly Net result for the year (+€63,362) and Other debts (+€15,734)
- Receivables within one year +€6,671
up €6,671 (+11.1%), from €59,847 to €66,519
of which Other amounts receivable: +€20,852
- Reserves +€45,013
up €45,013 (+67.8%), from €66,437 to €111,451
of which Distributable reserves: +€45,013
- Tax, wage and social debts -€18,732
down €18,732 (-66.7%), from €28,102 to €9,371
- Other debts +€15,734
up €15,734 (+602%), from €2,614 to €18,348
- Trade debts -€12,588
down €12,588 (-96.2%), from €13,092 to €504
- Gross operating margin +€10,647
up €10,647 (+13.0%), from €81,618 to €92,266
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 | €123,432 | €152,074 | +€28,642 | +23.2% |
| Fixed assets | 21/28 | €7,553 | €7,080 | -€472 | -6.3% |
| Tangible fixed assets | 22/27 | €3,683 | €3,360 | -€322 | -8.8% |
| Plant, machinery and equipment | 23 | €1,855 | €1,126 | -€729 | -39.3% |
| Furniture and vehicles | 24 | €1,828 | €2,234 | +€407 | +22.3% |
| Financial fixed assets | 28 | €3,870 | €3,720 | -€150 | -3.9% |
| Current assets | 29/58 | €115,879 | €144,993 | +€29,115 | +25.1% |
| Amounts receivable within one year | 40/41 | €59,847 | €66,519 | +€6,671 | +11.1% |
| Trade receivables | 40 | €48,700 | €34,520 | -€14,181 | -29.1% |
| Other amounts receivable | 41 | €11,147 | €31,999 | +€20,852 | +187% |
| Cash at bank and in hand | 54/58 | €53,699 | €75,173 | +€21,474 | +40.0% |
| Deferred charges and accrued income | 490/1 | €2,333 | €3,302 | +€969 | +41.5% |
| Total equity and liabilities | 10/49 | €123,432 | €152,074 | +€28,642 | +23.2% |
| Equity | 10/15 | €78,837 | €123,851 | +€45,013 | +57.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €66,437 | €111,451 | +€45,013 | +67.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €269 | €269 | = | 0.0% |
| Distributable reserves | 133 | €64,313 | €109,327 | +€45,013 | +70.0% |
| Amounts payable | 17/49 | €44,594 | €28,223 | -€16,371 | -36.7% |
| Amounts payable within one year | 42/48 | €43,808 | €28,223 | -€15,585 | -35.6% |
| Trade debts | 44 | €13,092 | €504 | -€12,588 | -96.2% |
| Suppliers | 440/4 | €13,092 | €504 | -€12,588 | -96.2% |
| Taxes, remuneration and social security | 45 | €28,102 | €9,371 | -€18,732 | -66.7% |
| Taxes | 450/3 | €28,102 | €9,371 | -€18,732 | -66.7% |
| Other amounts payable | 47/48 | €2,614 | €18,348 | +€15,734 | +602% |
| Accrued charges and deferred income | 492/3 | €786 | - | -€786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,525 | €1,402 | -€123 | -8.1% |
| Other operating charges | 640/8 | €922 | €1,387 | +€465 | +50.5% |
| Gross operating margin | 9900 | €81,618 | €92,266 | +€10,647 | +13.0% |
| Operating profit (loss) | 9901 | €79,172 | €89,477 | +€10,305 | +13.0% |
| Financial income | 75/76B | €0 | €774 | +€774 | +1,547,380% |
| Recurring financial income | 75 | €0 | €774 | +€774 | +1,547,380% |
| Financial charges | 65/66B | €2,046 | €1,744 | -€302 | -14.8% |
| Recurring financial charges | 65 | €2,046 | €1,744 | -€302 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €77,126 | €88,506 | +€11,381 | +14.8% |
| Income taxes | 67/77 | €24,512 | €25,145 | +€632 | +2.6% |
| Profit (loss) for the period | 9904 | €52,613 | €63,362 | +€10,749 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,613 | €63,362 | +€10,749 | +20.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.