Nelaw: 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.
Nelaw
Largest movements
- Current investments +€96,499
new in 2025: €96,499
- Cash -€28,577
down €28,577 (-50.4%), from €56,706 to €28,129
mainly Current investments (-€96,499) and Receivables within one year (-€6,323)
- Receivables within one year +€6,323
up €6,323 (+24.1%), from €26,186 to €32,509
of which Other amounts receivable: +€15,225
- Profit (loss) carried forward +€72,577
up €72,577 (+125.7%), from €57,717 to €130,294
- Tax, wage and social debts +€2,789
up €2,789 (+20.9%), from €13,342 to €16,131
- Gross operating margin +€17,159
up €17,159 (+23.0%), from €74,616 to €91,775
- Taxes +€2,647
up €2,647 (+15.7%), from €16,827 to €19,473
- Financial income +€996
up €996 (+5052.2%), from €20 to €1,016
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 | €82,891 | €158,343 | +€75,451 | +91.0% |
| Fixed assets | 21/28 | - | €1,206 | +€1,206 | |
| Tangible fixed assets | 22/27 | - | €1,206 | +€1,206 | |
| Furniture and vehicles | 24 | - | €1,206 | +€1,206 | |
| Current assets | 29/58 | €82,891 | €157,137 | +€74,246 | +89.6% |
| Amounts receivable within one year | 40/41 | €26,186 | €32,509 | +€6,323 | +24.1% |
| Trade receivables | 40 | €26,000 | €17,098 | -€8,902 | -34.2% |
| Other amounts receivable | 41 | €186 | €15,411 | +€15,225 | +8199.8% |
| Current investments | 50/53 | - | €96,499 | +€96,499 | |
| Cash at bank and in hand | 54/58 | €56,706 | €28,129 | -€28,577 | -50.4% |
| Total equity and liabilities | 10/49 | €82,891 | €158,343 | +€75,451 | +91.0% |
| Equity | 10/15 | €69,032 | €141,609 | +€72,577 | +105.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,315 | €10,315 | = | 0.0% |
| Distributable reserves | 133 | €10,315 | €10,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,717 | €130,294 | +€72,577 | +125.7% |
| Amounts payable | 17/49 | €13,860 | €16,734 | +€2,874 | +20.7% |
| Amounts payable within one year | 42/48 | €13,860 | €16,734 | +€2,874 | +20.7% |
| Financial debts | 43 | - | €20 | +€20 | |
| Credit institutions | 430/8 | - | €20 | +€20 | |
| Trade debts | 44 | €518 | €583 | +€66 | +12.7% |
| Suppliers | 440/4 | €518 | €583 | +€66 | +12.7% |
| Taxes, remuneration and social security | 45 | €13,342 | €16,131 | +€2,789 | +20.9% |
| Taxes | 450/3 | €13,342 | €16,131 | +€2,789 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €272 | +€272 | |
| Other operating charges | 640/8 | - | €148 | +€148 | |
| Gross operating margin | 9900 | €74,616 | €91,775 | +€17,159 | +23.0% |
| Operating profit (loss) | 9901 | €74,616 | €91,355 | +€16,739 | +22.4% |
| Financial income | 75/76B | €20 | €1,016 | +€996 | +5052.2% |
| Recurring financial income | 75 | €20 | €1,016 | +€996 | +5052.2% |
| Financial charges | 65/66B | €92 | €321 | +€228 | +246.9% |
| Recurring financial charges | 65 | €92 | €321 | +€228 | +246.9% |
| Profit (loss) for the period before taxes | 9903 | €74,544 | €92,050 | +€17,507 | +23.5% |
| Income taxes | 67/77 | €16,827 | €19,473 | +€2,647 | +15.7% |
| Profit (loss) for the period | 9904 | €57,717 | €72,577 | +€14,860 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,717 | €72,577 | +€14,860 | +25.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.