NEBEL: 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.
NEBEL
Largest movements
- Receivables after one year -€19,967
down €19,967 (-9.1%), from €219,258 to €199,291
- Current portion of long-term debt -€57,661
down €57,661 (-100%), from €57,661 to €0
- Debts after one year -€41,257
down €41,257 (-9.7%), from €423,745 to €382,487
of which Other amounts payable: -€100,313
- Tax, wage and social debts +€29,644
up €29,644 (+417%), from €7,115 to €36,759
- Profit (loss) carried forward +€21,850
up €21,850, from -€21,850 to €0
- Trade debts +€12,050
up €12,050 (+122%), from €9,901 to €21,951
- Gross operating margin +€54,435
up €54,435 (+544%), from €10,008 to €64,443
- Financial charges +€15,261
up €15,261 (+81.8%), from €18,653 to €33,914
- Taxes +€9,138
up €9,138 (+11,172%), from €82 to €9,219
- Financial income +€1,575
up €1,575 (+13.2%), from €11,925 to €13,500
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 | €485,343 | €465,370 | -€19,973 | -4.1% |
| Fixed assets | 21/28 | €200,041 | €200,041 | = | 0.0% |
| Financial fixed assets | 28 | €200,041 | €200,041 | = | 0.0% |
| Current assets | 29/58 | €285,302 | €265,329 | -€19,973 | -7.0% |
| Amounts receivable after more than one year | 29 | €219,258 | €199,291 | -€19,967 | -9.1% |
| Other amounts receivable | 291 | €219,258 | €199,291 | -€19,967 | -9.1% |
| Amounts receivable within one year | 40/41 | €66,000 | €66,000 | = | 0.0% |
| Trade receivables | 40 | €66,000 | €66,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44 | €38 | -€6 | -13.1% |
| Total equity and liabilities | 10/49 | €485,343 | €465,370 | -€19,973 | -4.1% |
| Equity | 10/15 | -€15,025 | €8,450 | +€23,475 | |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €620 | €2,245 | +€1,625 | +262% |
| Non-distributable reserves | 130/1 | €620 | €0 | -€620 | -100% |
| Reserves not available under the articles | 1311 | €620 | €0 | -€620 | -100% |
| Distributable reserves | 133 | - | €2,245 | +€2,245 | |
| Profit (loss) carried forward | 14 | -€21,850 | €0 | +€21,850 | |
| Amounts payable | 17/49 | €500,368 | €456,920 | -€43,448 | -8.7% |
| Amounts payable after more than one year | 17 | €423,745 | €382,487 | -€41,257 | -9.7% |
| Financial debts | 170/4 | €0 | €59,055 | +€59,055 | |
| Other amounts payable | 178/9 | €423,745 | €323,432 | -€100,313 | -23.7% |
| Amounts payable within one year | 42/48 | €74,676 | €68,710 | -€5,967 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €57,661 | €0 | -€57,661 | -100% |
| Trade debts | 44 | €9,901 | €21,951 | +€12,050 | +122% |
| Suppliers | 440/4 | €9,901 | €21,951 | +€12,050 | +122% |
| Taxes, remuneration and social security | 45 | €7,115 | €36,759 | +€29,644 | +417% |
| Taxes | 450/3 | €7,115 | €36,759 | +€29,644 | +417% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €1,947 | €5,723 | +€3,776 | +194% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,719 | €1,334 | -€385 | -22.4% |
| Gross operating margin | 9900 | €10,008 | €64,443 | +€54,435 | +544% |
| Operating profit (loss) | 9901 | €8,289 | €63,109 | +€54,819 | +661% |
| Financial income | 75/76B | €11,925 | €13,500 | +€1,575 | +13.2% |
| Recurring financial income | 75 | €11,925 | €13,500 | +€1,575 | +13.2% |
| Financial charges | 65/66B | €18,653 | €33,914 | +€15,261 | +81.8% |
| Recurring financial charges | 65 | €18,653 | €33,914 | +€15,261 | +81.8% |
| Profit (loss) for the period before taxes | 9903 | €1,562 | €42,695 | +€41,133 | +2,634% |
| Income taxes | 67/77 | €82 | €9,219 | +€9,138 | +11,172% |
| Profit (loss) for the period | 9904 | €1,480 | €33,475 | +€31,995 | +2,162% |
| Profit (loss) for the period to be appropriated | 9905 | €1,480 | €33,475 | +€31,995 | +2,162% |
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 21 October 2026 via checked.be.