NEELS BUSINESS: what changed
What changed
NEELS BUSINESS
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€46,548
2024 · €44,594+€1,954
Equity
€215,531
2024 · €168,983+€46,548
Cash
€67,805
2024 · €76,191-€8,385
Balance sheet total
€236,794
2024 · €201,540+€35,253
Largest movements
Assets
- Receivables after one year +€45,000
up €45,000 (+46.3%), from €97,116 to €142,116
- Cash -€8,385
down €8,385 (-11.0%), from €76,191 to €67,805
mainly Receivables after one year (-€45,000) and Other debts (-€8,040)
Equity and liabilities
- Profit (loss) carried forward +€46,548
up €46,548 (+28.0%), from €166,483 to €213,031
- Other debts -€8,040
down €8,040 (-66.3%), from €12,120 to €4,080
- Tax, wage and social debts -€3,428
down €3,428 (-16.9%), from €20,243 to €16,815
of which Remuneration and social security: -€4,080
Income statement
- Gross operating margin +€2,585
up €2,585 (+4.5%), from €57,399 to €59,984
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€44,594
Gross operating margin
+€2,585
Depreciation
-€189
Other operating charges
-€6
Financial charges
+€46
Taxes
-€483
Result 2025
€46,548
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€8,385
Investment
€0
Financing
€0
Cash 2024
€76,191
From operations (derived)
-€8,385
Net result for the year
+€46,548
Depreciation
+€1,362
Receivables after one year
-€45,000
Trade debts
+€169
Tax, wage and social debts
-€3,428
Other debts
-€8,040
Accrued charges and deferred income
+€5
Cash 2025
€67,805
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,540 | €236,794 | +€35,253 | +17.5% |
| Fixed assets | 21/28 | €1,916 | €554 | -€1,362 | -71.1% |
| Tangible fixed assets | 22/27 | €1,916 | €554 | -€1,362 | -71.1% |
| Furniture and vehicles | 24 | €1,916 | €554 | -€1,362 | -71.1% |
| Current assets | 29/58 | €199,625 | €236,239 | +€36,615 | +18.3% |
| Amounts receivable after more than one year | 29 | €97,116 | €142,116 | +€45,000 | +46.3% |
| Other amounts receivable | 291 | €97,116 | €142,116 | +€45,000 | +46.3% |
| Amounts receivable within one year | 40/41 | €26,318 | €26,318 | = | 0.0% |
| Trade receivables | 40 | €26,318 | €26,318 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €76,191 | €67,805 | -€8,385 | -11.0% |
| Total equity and liabilities | 10/49 | €201,540 | €236,794 | +€35,253 | +17.5% |
| Equity | 10/15 | €168,983 | €215,531 | +€46,548 | +27.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,483 | €213,031 | +€46,548 | +28.0% |
| Amounts payable | 17/49 | €32,557 | €21,263 | -€11,294 | -34.7% |
| Amounts payable within one year | 42/48 | €32,363 | €21,064 | -€11,299 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | - | €169 | +€169 | |
| Suppliers | 440/4 | - | €169 | +€169 | |
| Taxes, remuneration and social security | 45 | €20,243 | €16,815 | -€3,428 | -16.9% |
| Taxes | 450/3 | €16,163 | €16,815 | +€652 | +4.0% |
| Remuneration and social security | 454/9 | €4,080 | €0 | -€4,080 | -100% |
| Other amounts payable | 47/48 | €12,120 | €4,080 | -€8,040 | -66.3% |
| Accrued charges and deferred income | 492/3 | €194 | €198 | +€5 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,173 | €1,362 | +€189 | +16.1% |
| Other operating charges | 640/8 | €386 | €392 | +€6 | +1.6% |
| Gross operating margin | 9900 | €57,399 | €59,984 | +€2,585 | +4.5% |
| Operating profit (loss) | 9901 | €55,840 | €58,231 | +€2,391 | +4.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €93 | €47 | -€46 | -49.9% |
| Recurring financial charges | 65 | €93 | €47 | -€46 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €55,748 | €58,185 | +€2,437 | +4.4% |
| Income taxes | 67/77 | €11,154 | €11,637 | +€483 | +4.3% |
| Profit (loss) for the period | 9904 | €44,594 | €46,548 | +€1,954 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,594 | €46,548 | +€1,954 | +4.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.