IJZERWAREN NELIS: 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.
IJZERWAREN NELIS
Largest movements
- Tangible fixed assets -€73,586
down €73,586 (-12.4%), from €593,799 to €520,213
of which Land and buildings: -€44,202
- Receivables within one year -€70,430
down €70,430 (-32.7%), from €215,286 to €144,855
of which Trade receivables: -€70,430
- Cash +€36,958
up €36,958 (+4.9%), from €748,858 to €785,816
mainly Net result for the year (+€102,888) and Depreciation (+€79,048)
- Accrued charges and deferred income -€69,884
down €69,884 (-98.0%), from €71,334 to €1,450
- Debts after one year -€40,407
down €40,407 (-13.6%), from €297,554 to €257,147
- Trade debts +€39,311
up €39,311 (+152%), from €25,783 to €65,093
- Tax, wage and social debts -€37,843
down €37,843 (-36.6%), from €103,303 to €65,460
of which Taxes: -€24,420
- Reserves +€17,173
up €17,173 (+1.6%), from €1.0m to €1.1m
of which Distributable reserves: +€17,173
- Gross operating margin -€90,189
down €90,189 (-21.9%), from €412,261 to €322,072
- Staff costs -€43,714
down €43,714 (-33.3%), from €131,436 to €87,722
- Taxes -€15,530
down €15,530 (-25.4%), from €61,191 to €45,661
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 | €1,618,016 | €1,527,590 | -€90,426 | -5.6% |
| Fixed assets | 21/28 | €593,799 | €520,213 | -€73,586 | -12.4% |
| Tangible fixed assets | 22/27 | €593,799 | €520,213 | -€73,586 | -12.4% |
| Land and buildings | 22 | €473,466 | €429,264 | -€44,202 | -9.3% |
| Plant, machinery and equipment | 23 | €35,284 | €33,078 | -€2,206 | -6.3% |
| Furniture and vehicles | 24 | €85,050 | €57,872 | -€27,178 | -32.0% |
| Current assets | 29/58 | €1,024,216 | €1,007,376 | -€16,840 | -1.6% |
| Stocks and contracts in progress | 3 | €58,010 | €73,833 | +€15,822 | +27.3% |
| Stocks | 30/36 | €58,010 | €73,833 | +€15,822 | +27.3% |
| Amounts receivable within one year | 40/41 | €215,286 | €144,855 | -€70,430 | -32.7% |
| Trade receivables | 40 | €215,036 | €144,605 | -€70,430 | -32.8% |
| Other amounts receivable | 41 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €748,858 | €785,816 | +€36,958 | +4.9% |
| Deferred charges and accrued income | 490/1 | €2,063 | €2,873 | +€810 | +39.3% |
| Total equity and liabilities | 10/49 | €1,618,016 | €1,527,590 | -€90,426 | -5.6% |
| Equity | 10/15 | €1,073,944 | €1,091,118 | +€17,173 | +1.6% |
| Contributions | 10/11 | €24,981 | €24,981 | = | 0.0% |
| Reserves | 13 | €1,048,963 | €1,066,136 | +€17,173 | +1.6% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,027,713 | €1,044,886 | +€17,173 | +1.7% |
| Profit (loss) carried forward | 14 | €0 | - | -€0 | |
| Amounts payable | 17/49 | €544,072 | €436,472 | -€107,599 | -19.8% |
| Amounts payable after more than one year | 17 | €297,554 | €257,147 | -€40,407 | -13.6% |
| Financial debts | 170/4 | €297,554 | €257,147 | -€40,407 | -13.6% |
| Amounts payable within one year | 42/48 | €175,184 | €177,876 | +€2,691 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €39,898 | €40,407 | +€509 | +1.3% |
| Trade debts | 44 | €25,783 | €65,093 | +€39,311 | +152% |
| Suppliers | 440/4 | €25,783 | €65,093 | +€39,311 | +152% |
| Advances received on contracts in progress | 46 | €2,849 | €2,391 | -€458 | -16.1% |
| Taxes, remuneration and social security | 45 | €103,303 | €65,460 | -€37,843 | -36.6% |
| Taxes | 450/3 | €85,556 | €61,136 | -€24,420 | -28.5% |
| Remuneration and social security | 454/9 | €17,747 | €4,324 | -€13,423 | -75.6% |
| Other amounts payable | 47/48 | €3,352 | €4,525 | +€1,173 | +35.0% |
| Accrued charges and deferred income | 492/3 | €71,334 | €1,450 | -€69,884 | -98.0% |
| Remuneration, social security and pensions | 62 | €131,436 | €87,722 | -€43,714 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,725 | €79,048 | -€678 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €251 | +€251 | |
| Other operating charges | 640/8 | €9,865 | €9,839 | -€26 | -0.3% |
| Gross operating margin | 9900 | €412,261 | €322,072 | -€90,189 | -21.9% |
| Operating profit (loss) | 9901 | €191,235 | €145,212 | -€46,022 | -24.1% |
| Financial income | 75/76B | €12,185 | €9,135 | -€3,050 | -25.0% |
| Recurring financial income | 75 | €12,185 | €9,135 | -€3,050 | -25.0% |
| Financial charges | 65/66B | €8,708 | €5,799 | -€2,909 | -33.4% |
| Recurring financial charges | 65 | €8,708 | €5,799 | -€2,909 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €194,711 | €148,548 | -€46,163 | -23.7% |
| Income taxes | 67/77 | €61,191 | €45,661 | -€15,530 | -25.4% |
| Profit (loss) for the period | 9904 | €133,520 | €102,888 | -€30,632 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €133,520 | €102,888 | -€30,632 | -22.9% |
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 27 October 2026 via checked.be.