LONG NELLE: 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.
LONG NELLE
Largest movements
- Financial fixed assets +€4.3m
up €4.3m (+52.2%), from €8.2m to €12.5m
- Receivables within one year -€1.7m
down €1.7m (-99.9%), from €1.7m to €2,387
- Current investments +€1.4m
new in 2025: €1.4m
- Cash -€896,244
down €896,244 (-89.9%), from €997,292 to €101,049
mainly Investment in fixed assets (net) (-€4.3m) and Current investments (-€1.4m)
- Contributions +€2.5m
up €2.5m (+22.2%), from €11.2m to €13.7m
- Profit (loss) carried forward +€366,528
up €366,528, from -€366,528 to €0
- Other debts +€229,299
new in 2025: €229,299
- Financial income +€957,413
up €957,413 (+2919.7%), from €32,791 to €990,205
of which Financial income: +€857,413
- Financial charges -€54,646
down €54,646 (-35.5%), from €153,869 to €99,223
of which Non-recurring financial charges: -€100,000
- Other operating charges +€54,261
up €54,261 (+569.3%), from €9,532 to €63,793
- Gross operating margin +€2,768
up €2,768 (+1.2%), from -€227,110 to -€224,342
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 | €10,924,186 | €14,031,991 | +€3.1m | +28.4% |
| Formation expenses | 20 | €26,289 | €19,270 | -€7,020 | -26.7% |
| Fixed assets | 21/28 | €8,230,407 | €12,530,249 | +€4.3m | +52.2% |
| Financial fixed assets | 28 | €8,230,407 | €12,530,249 | +€4.3m | +52.2% |
| Current assets | 29/58 | €2,667,490 | €1,482,472 | -€1.2m | -44.4% |
| Amounts receivable within one year | 40/41 | €1,670,197 | €2,387 | -€1.7m | -99.9% |
| Other amounts receivable | 41 | €1,670,197 | €2,387 | -€1.7m | -99.9% |
| Current investments | 50/53 | - | €1,379,037 | +€1.4m | |
| Cash at bank and in hand | 54/58 | €997,292 | €101,049 | -€896,244 | -89.9% |
| Total equity and liabilities | 10/49 | €10,924,186 | €14,031,991 | +€3.1m | +28.4% |
| Equity | 10/15 | €10,870,972 | €13,732,500 | +€2.9m | +26.3% |
| Contributions | 10/11 | €11,237,500 | €13,732,500 | +€2.5m | +22.2% |
| Profit (loss) carried forward | 14 | -€366,528 | €0 | +€366,528 | |
| Amounts payable | 17/49 | €53,214 | €299,491 | +€246,277 | +462.8% |
| Amounts payable within one year | 42/48 | €53,214 | €299,491 | +€246,277 | +462.8% |
| Trade debts | 44 | €53,214 | €70,192 | +€16,978 | +31.9% |
| Suppliers | 440/4 | €53,214 | €70,192 | +€16,978 | +31.9% |
| Other amounts payable | 47/48 | - | €229,299 | +€229,299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,808 | €7,020 | -€1,789 | -20.3% |
| Other operating charges | 640/8 | €9,532 | €63,793 | +€54,261 | +569.3% |
| Gross operating margin | 9900 | -€227,110 | -€224,342 | +€2,768 | +1.2% |
| Operating profit (loss) | 9901 | -€245,450 | -€295,154 | -€49,704 | -20.2% |
| Financial income | 75/76B | €32,791 | €990,205 | +€957,413 | +2919.7% |
| Recurring financial income | 75 | €32,791 | €890,205 | +€857,413 | +2614.8% |
| Non-recurring financial income | 76B | - | €100,000 | +€100,000 | |
| Financial charges | 65/66B | €153,869 | €99,223 | -€54,646 | -35.5% |
| Recurring financial charges | 65 | €53,869 | €99,223 | +€45,354 | +84.2% |
| Non-recurring financial charges | 66B | €100,000 | €0 | -€100,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€366,528 | €595,827 | +€962,356 | |
| Profit (loss) for the period | 9904 | -€366,528 | €595,827 | +€962,356 | |
| Profit (loss) for the period to be appropriated | 9905 | -€366,528 | €595,827 | +€962,356 |
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 1 October 2026 via checked.be.