IMMO 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.
IMMO NELIS
Largest movements
- Cash +€99,748
up €99,748 (+70.9%), from €140,656 to €240,404
mainly Net result for the year (+€88,440) and Other debts (+€67,549)
- Tangible fixed assets -€23,690
down €23,690 (-9.9%), from €240,016 to €216,326
- Other debts +€67,549
up €67,549, from €0 to €67,549
- Tax, wage and social debts +€25,371
up €25,371 (+606%), from €4,189 to €29,560
- Current portion of long-term debt -€9,696
down €9,696 (-100%), from €9,696 to €0
- Trade debts -€8,852
down €8,852 (-92.2%), from €9,602 to €749
- Gross operating margin +€5,250
up €5,250 (+3.6%), from €146,224 to €151,474
- Taxes +€1,870
up €1,870 (+6.8%), from €27,610 to €29,480
- Depreciation -€1,727
down €1,727 (-6.8%), from €25,416 to €23,690
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 | €382,359 | €456,730 | +€74,371 | +19.5% |
| Fixed assets | 21/28 | €240,016 | €216,326 | -€23,690 | -9.9% |
| Tangible fixed assets | 22/27 | €240,016 | €216,326 | -€23,690 | -9.9% |
| Land and buildings | 22 | €240,016 | €216,326 | -€23,690 | -9.9% |
| Current assets | 29/58 | €142,343 | €240,404 | +€98,061 | +68.9% |
| Cash at bank and in hand | 54/58 | €140,656 | €240,404 | +€99,748 | +70.9% |
| Deferred charges and accrued income | 490/1 | €1,687 | €0 | -€1,687 | -100% |
| Total equity and liabilities | 10/49 | €382,359 | €456,730 | +€74,371 | +19.5% |
| Equity | 10/15 | €358,873 | €358,873 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €340,273 | €340,273 | = | 0.0% |
| Distributable reserves | 133 | €340,273 | €340,273 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,487 | €97,858 | +€74,371 | +317% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,487 | €97,858 | +€74,371 | +317% |
| Current portion of amounts payable after more than one year | 42 | €9,696 | €0 | -€9,696 | -100% |
| Trade debts | 44 | €9,602 | €749 | -€8,852 | -92.2% |
| Suppliers | 440/4 | €9,602 | €749 | -€8,852 | -92.2% |
| Taxes, remuneration and social security | 45 | €4,189 | €29,560 | +€25,371 | +606% |
| Taxes | 450/3 | €4,189 | €29,560 | +€25,371 | +606% |
| Other amounts payable | 47/48 | €0 | €67,549 | +€67,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,416 | €23,690 | -€1,727 | -6.8% |
| Other operating charges | 640/8 | €9,384 | €9,677 | +€293 | +3.1% |
| Gross operating margin | 9900 | €146,224 | €151,474 | +€5,250 | +3.6% |
| Operating profit (loss) | 9901 | €111,423 | €118,107 | +€6,684 | +6.0% |
| Financial charges | 65/66B | €255 | €188 | -€67 | -26.3% |
| Recurring financial charges | 65 | €255 | €188 | -€67 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €111,169 | €117,919 | +€6,751 | +6.1% |
| Income taxes | 67/77 | €27,610 | €29,480 | +€1,870 | +6.8% |
| Profit (loss) for the period | 9904 | €83,558 | €88,440 | +€4,881 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,558 | €88,440 | +€4,881 | +5.8% |
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 22 October 2026 via checked.be.