NEBELO: 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.
NEBELO
Largest movements
- Receivables within one year +€37,887
up €37,887 (+126%), from €30,111 to €67,998
of which Trade receivables: +€36,508
- Tangible fixed assets -€27,681
down €27,681 (-7.4%), from €374,920 to €347,239
of which Furniture and vehicles: -€17,739
- Cash +€7,426
up €7,426 (+8.8%), from €84,638 to €92,065
mainly Net result for the year (+€50,117) and Other debts (+€46,510)
- Other debts +€46,510
up €46,510 (+51.7%), from €90,013 to €136,524
- Debts after one year -€16,928
down €16,928 (-67.8%), from €24,970 to €8,042
- Gross operating margin -€6,399
down €6,399 (-5.7%), from €111,840 to €105,441
- Financial income +€5,388
up €5,388 (+27,225%), from €20 to €5,408
of which Financial income: +€5,388
- Financial charges +€5,111
up €5,111 (+88.6%), from €5,768 to €10,879
- Taxes -€1,243
down €1,243 (-5.8%), from €21,487 to €20,244
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €595,907 | €615,495 | +€19,589 | +3.3% |
| Fixed assets | 21/28 | €374,920 | €347,239 | -€27,681 | -7.4% |
| Tangible fixed assets | 22/27 | €374,920 | €347,239 | -€27,681 | -7.4% |
| Land and buildings | 22 | €329,839 | €319,898 | -€9,941 | -3.0% |
| Furniture and vehicles | 24 | €45,080 | €27,341 | -€17,739 | -39.4% |
| Current assets | 29/58 | €220,987 | €268,256 | +€47,269 | +21.4% |
| Amounts receivable within one year | 40/41 | €30,111 | €67,998 | +€37,887 | +126% |
| Trade receivables | 40 | €30,111 | €66,620 | +€36,508 | +121% |
| Other amounts receivable | 41 | - | €1,379 | +€1,379 | |
| Current investments | 50/53 | €102,499 | €105,344 | +€2,845 | +2.8% |
| Cash at bank and in hand | 54/58 | €84,638 | €92,065 | +€7,426 | +8.8% |
| Deferred charges and accrued income | 490/1 | €3,738 | €2,850 | -€889 | -23.8% |
| Total equity and liabilities | 10/49 | €595,907 | €615,495 | +€19,589 | +3.3% |
| Equity | 10/15 | €436,653 | €432,400 | -€4,253 | -1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €424,253 | €420,000 | -€4,253 | -1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €422,393 | €418,140 | -€4,253 | -1.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €159,254 | €183,096 | +€23,842 | +15.0% |
| Amounts payable after more than one year | 17 | €24,970 | €8,042 | -€16,928 | -67.8% |
| Financial debts | 170/4 | €24,970 | €8,042 | -€16,928 | -67.8% |
| Amounts payable within one year | 42/48 | €127,977 | €166,080 | +€38,103 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €23,030 | €16,928 | -€6,103 | -26.5% |
| Financial debts | 43 | €1,025 | €1,023 | -€2 | -0.2% |
| Credit institutions | 430/8 | €1,025 | €1,023 | -€2 | -0.2% |
| Trade debts | 44 | €277 | €1,396 | +€1,119 | +404% |
| Suppliers | 440/4 | €277 | €1,396 | +€1,119 | +404% |
| Taxes, remuneration and social security | 45 | €13,631 | €10,209 | -€3,421 | -25.1% |
| Taxes | 450/3 | €13,631 | €10,209 | -€3,421 | -25.1% |
| Other amounts payable | 47/48 | €90,013 | €136,524 | +€46,510 | +51.7% |
| Accrued charges and deferred income | 492/3 | €6,308 | €8,974 | +€2,667 | +42.3% |
| Non-recurring operating income | 76A | €335 | €0 | -€335 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,819 | €27,681 | -€138 | -0.5% |
| Other operating charges | 640/8 | €2,024 | €1,927 | -€97 | -4.8% |
| Gross operating margin | 9900 | €111,840 | €105,441 | -€6,399 | -5.7% |
| Operating profit (loss) | 9901 | €81,997 | €75,833 | -€6,164 | -7.5% |
| Financial income | 75/76B | €20 | €5,408 | +€5,388 | +27,225% |
| Recurring financial income | 75 | €20 | €5,408 | +€5,388 | +27,225% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €5,768 | €10,879 | +€5,111 | +88.6% |
| Recurring financial charges | 65 | €5,768 | €10,879 | +€5,111 | +88.6% |
| Profit (loss) for the period before taxes | 9903 | €76,249 | €70,361 | -€5,888 | -7.7% |
| Income taxes | 67/77 | €21,487 | €20,244 | -€1,243 | -5.8% |
| Profit (loss) for the period | 9904 | €54,762 | €50,117 | -€4,644 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,762 | €50,117 | -€4,644 | -8.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.