NEL&MOI: 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.
NEL&MOI
Largest movements
- Cash -€5,682
down €5,682 (-76.5%), from €7,426 to €1,744
mainly Net result for the year (-€5,439) and Receivables within one year (-€3,468)
- Tangible fixed assets -€4,261
down €4,261 (-57.1%), from €7,461 to €3,200
- Receivables within one year +€3,468
up €3,468 (+21.2%), from €16,341 to €19,809
of which Other amounts receivable: +€3,542
- Stocks and contracts -€678
down €678 (-50.2%), from €1,351 to €673
- Profit (loss) carried forward -€5,439
down €5,439 (-85.9%), from €6,332 to €893
- Tax, wage and social debts -€1,338
down €1,338 (-28.6%), from €4,680 to €3,342
- Gross operating margin -€10,472
down €10,472 (-93.6%), from €11,191 to €719
- Taxes -€2,183
down €2,183 (-93.9%), from €2,325 to €142
- Financial income +€493
up €493 (+95.6%), from €516 to €1,009
- Financial charges +€220
up €220 (+177.7%), from €124 to €343
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 | €33,998 | €27,091 | -€6,907 | -20.3% |
| Fixed assets | 21/28 | €7,511 | €3,250 | -€4,261 | -56.7% |
| Tangible fixed assets | 22/27 | €7,461 | €3,200 | -€4,261 | -57.1% |
| Furniture and vehicles | 24 | €7,461 | €3,200 | -€4,261 | -57.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €26,487 | €23,841 | -€2,646 | -10.0% |
| Stocks and contracts in progress | 3 | €1,351 | €673 | -€678 | -50.2% |
| Stocks | 30/36 | €1,351 | €673 | -€678 | -50.2% |
| Amounts receivable within one year | 40/41 | €16,341 | €19,809 | +€3,468 | +21.2% |
| Trade receivables | 40 | €1,459 | €1,385 | -€74 | -5.1% |
| Other amounts receivable | 41 | €14,882 | €18,424 | +€3,542 | +23.8% |
| Cash at bank and in hand | 54/58 | €7,426 | €1,744 | -€5,682 | -76.5% |
| Deferred charges and accrued income | 490/1 | €1,369 | €1,615 | +€247 | +18.0% |
| Total equity and liabilities | 10/49 | €33,998 | €27,091 | -€6,907 | -20.3% |
| Equity | 10/15 | €27,902 | €22,463 | -€5,439 | -19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,970 | €2,970 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,970 | €2,970 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,970 | €2,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,332 | €893 | -€5,439 | -85.9% |
| Amounts payable | 17/49 | €6,096 | €4,629 | -€1,468 | -24.1% |
| Amounts payable within one year | 42/48 | €6,096 | €4,629 | -€1,468 | -24.1% |
| Trade debts | 44 | €1,416 | €1,286 | -€130 | -9.2% |
| Suppliers | 440/4 | €1,416 | €1,286 | -€130 | -9.2% |
| Taxes, remuneration and social security | 45 | €4,680 | €3,342 | -€1,338 | -28.6% |
| Taxes | 450/3 | €4,680 | €3,342 | -€1,338 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,261 | €4,261 | = | 0.0% |
| Other operating charges | 640/8 | €2,427 | €2,421 | -€6 | -0.2% |
| Gross operating margin | 9900 | €11,191 | €719 | -€10,472 | -93.6% |
| Operating profit (loss) | 9901 | €4,503 | -€5,964 | -€10,466 | |
| Financial income | 75/76B | €516 | €1,009 | +€493 | +95.6% |
| Recurring financial income | 75 | €516 | €1,009 | +€493 | +95.6% |
| Financial charges | 65/66B | €124 | €343 | +€220 | +177.7% |
| Recurring financial charges | 65 | €124 | €343 | +€220 | +177.7% |
| Profit (loss) for the period before taxes | 9903 | €4,895 | -€5,298 | -€10,193 | |
| Income taxes | 67/77 | €2,325 | €142 | -€2,183 | -93.9% |
| Profit (loss) for the period | 9904 | €2,570 | -€5,439 | -€8,009 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,570 | -€5,439 | -€8,009 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.