NEELZZ: 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.
NEELZZ
Largest movements
- Receivables within one year +€36,300
up €36,300 (+28.4%), from €127,600 to €163,900
of which Other amounts receivable: +€36,300
- Debts after one year +€40,055
up €40,055 (+6.0%), from €662,128 to €702,183
- Gross operating margin +€2,876
up €2,876 (+54.4%), from -€5,292 to -€2,415
- Financial charges -€430
down €430 (-14.8%), from €2,902 to €2,472
- Other operating charges +€96
up €96 (+71.7%), from €134 to €230
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 | €746,941 | €781,937 | +€34,996 | +4.7% |
| Formation expenses | 20 | €2,252 | €747 | -€1,506 | -66.8% |
| Fixed assets | 21/28 | €616,213 | €616,213 | = | 0.0% |
| Financial fixed assets | 28 | €616,213 | €616,213 | = | 0.0% |
| Current assets | 29/58 | €128,475 | €164,977 | +€36,502 | +28.4% |
| Amounts receivable within one year | 40/41 | €127,600 | €163,900 | +€36,300 | +28.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €127,600 | €163,900 | +€36,300 | +28.4% |
| Cash at bank and in hand | 54/58 | €83 | €77 | -€6 | -7.6% |
| Deferred charges and accrued income | 490/1 | €792 | €1,001 | +€208 | +26.3% |
| Total equity and liabilities | 10/49 | €746,941 | €781,937 | +€34,996 | +4.7% |
| Equity | 10/15 | €42,263 | €35,640 | -€6,623 | -15.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,263 | €30,640 | -€6,623 | -17.8% |
| Distributable reserves | 133 | €37,263 | €30,640 | -€6,623 | -17.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €704,678 | €746,298 | +€41,619 | +5.9% |
| Amounts payable after more than one year | 17 | €662,128 | €702,183 | +€40,055 | +6.0% |
| Financial debts | 170/4 | €662,128 | €702,183 | +€40,055 | +6.0% |
| Amounts payable within one year | 42/48 | €42,550 | €44,115 | +€1,564 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €19,586 | €19,945 | +€358 | +1.8% |
| Trade debts | 44 | €2,237 | €1,385 | -€853 | -38.1% |
| Suppliers | 440/4 | €2,237 | €1,385 | -€853 | -38.1% |
| Taxes, remuneration and social security | 45 | €7,308 | €8,006 | +€698 | +9.5% |
| Taxes | 450/3 | €6,308 | €7,006 | +€698 | +11.1% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €13,419 | €14,779 | +€1,361 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,506 | €1,506 | = | 0.0% |
| Other operating charges | 640/8 | €134 | €230 | +€96 | +71.7% |
| Gross operating margin | 9900 | -€5,292 | -€2,415 | +€2,876 | +54.4% |
| Operating profit (loss) | 9901 | -€6,931 | -€4,151 | +€2,780 | +40.1% |
| Financial charges | 65/66B | €2,902 | €2,472 | -€430 | -14.8% |
| Recurring financial charges | 65 | €2,902 | €2,472 | -€430 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,834 | -€6,623 | +€3,210 | +32.6% |
| Profit (loss) for the period | 9904 | -€9,834 | -€6,623 | +€3,210 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,834 | -€6,623 | +€3,210 | +32.6% |
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 20 October 2026 via checked.be.