El-Nes: what changed
Two fiscal 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.
El-Nes
Largest movements
- Cash +€41,043
up €41,043 (+177.4%), from €23,140 to €64,183
mainly Net result for the year (+€47,995) and Depreciation (+€147)
- Profit (loss) carried forward +€47,136
up €47,136 (+50.3%), from €93,780 to €140,916
- Tax, wage and social debts -€4,330
down €4,330 (-82.0%), from €5,281 to €951
- Gross operating margin +€46,405
up €46,405 (+314.6%), from €14,748 to €61,154
- Taxes +€9,290
up €9,290 (+233.9%), from €3,972 to €13,261
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 | €107,985 | €149,688 | +€41,703 | +38.6% |
| Fixed assets | 21/28 | €218 | €70 | -€147 | -67.7% |
| Tangible fixed assets | 22/27 | €218 | €70 | -€147 | -67.7% |
| Furniture and vehicles | 24 | €218 | €70 | -€147 | -67.7% |
| Current assets | 29/58 | €107,768 | €149,618 | +€41,850 | +38.8% |
| Amounts receivable after more than one year | 29 | €61,000 | €61,000 | = | 0.0% |
| Other amounts receivable | 291 | €61,000 | €61,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,018 | €23,825 | +€807 | +3.5% |
| Trade receivables | 40 | €16,267 | €10,400 | -€5,867 | -36.1% |
| Other amounts receivable | 41 | €6,751 | €13,425 | +€6,674 | +98.9% |
| Cash at bank and in hand | 54/58 | €23,140 | €64,183 | +€41,043 | +177.4% |
| Deferred charges and accrued income | 490/1 | €610 | €610 | = | 0.0% |
| Total equity and liabilities | 10/49 | €107,985 | €149,688 | +€41,703 | +38.6% |
| Equity | 10/15 | €98,780 | €145,916 | +€47,136 | +47.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,780 | €140,916 | +€47,136 | +50.3% |
| Amounts payable | 17/49 | €9,205 | €3,772 | -€5,433 | -59.0% |
| Amounts payable within one year | 42/48 | €9,205 | €3,772 | -€5,433 | -59.0% |
| Trade debts | 44 | €3,124 | €1,962 | -€1,162 | -37.2% |
| Suppliers | 440/4 | €3,124 | €1,962 | -€1,162 | -37.2% |
| Taxes, remuneration and social security | 45 | €5,281 | €951 | -€4,330 | -82.0% |
| Taxes | 450/3 | €5,281 | €951 | -€4,330 | -82.0% |
| Other amounts payable | 47/48 | €800 | €859 | +€59 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €472 | €147 | -€324 | -68.8% |
| Other operating charges | 640/8 | €189 | €207 | +€18 | +9.4% |
| Gross operating margin | 9900 | €14,748 | €61,154 | +€46,405 | +314.6% |
| Operating profit (loss) | 9901 | €14,088 | €60,799 | +€46,712 | +331.6% |
| Financial income | 75/76B | €794 | €616 | -€178 | -22.4% |
| Recurring financial income | 75 | €794 | €616 | -€178 | -22.4% |
| Financial charges | 65/66B | €245 | €159 | -€86 | -35.0% |
| Recurring financial charges | 65 | €245 | €159 | -€86 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €14,637 | €61,256 | +€46,620 | +318.5% |
| Income taxes | 67/77 | €3,972 | €13,261 | +€9,290 | +233.9% |
| Profit (loss) for the period | 9904 | €10,665 | €47,995 | +€37,330 | +350.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,665 | €47,995 | +€37,330 | +350.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.