The correct option is B preceding
The word 'following' refers to something that follows or comes next.
Option A, receding refers to moving back or further away from a previous position.
Option B, preceding refers to coming before something in order, position, or time.
Option C, proceeding refers to moving forward.
Option D, succeeding refers to coming after something in time.
Thus, according to the meaning, the word 'preceding' is the opposite of the word 'following'.