Nelca: 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.
Nelca
Largest movements
- Receivables within one year -€21,967
down €21,967 (-51.3%), from €42,790 to €20,823
of which Other amounts receivable: -€21,484
- Cash -€1,878
down €1,878 (-64.3%), from €2,920 to €1,043
mainly Net result for the year (-€126,925) and Debts after one year (-€8,292)
- Tangible fixed assets -€1,847
down €1,847 (-61.5%), from €3,005 to €1,158
of which Plant, machinery and equipment: -€1,299
- Profit (loss) carried forward -€126,924
down €126,924 (-109.6%), from -€115,760 to -€242,685
- Tax, wage and social debts +€59,563
up €59,563 (+172.6%), from €34,500 to €94,063
of which Remuneration and social security: +€44,328
- Trade debts +€41,965
up €41,965 (+1592.0%), from €2,636 to €44,601
- Debts after one year -€8,292
down €8,292 (-13.0%), from €63,792 to €55,500
- Short-term financial debts +€8,064
up €8,064 (+230.5%), from €3,499 to €11,563
- Financial charges +€44,441
up €44,441 (+2495.1%), from €1,781 to €46,222
- Gross operating margin -€43,727
down €43,727 (-32.0%), from €136,603 to €92,876
- Staff costs +€31,996
up €31,996 (+36.1%), from €88,675 to €120,671
- Taxes +€16,515
new in 2025: €16,515
- Other operating charges +€1,704
up €1,704 (+86.1%), from €1,979 to €3,684
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 | €50,888 | €25,264 | -€25,624 | -50.4% |
| Fixed assets | 21/28 | €3,005 | €1,158 | -€1,847 | -61.5% |
| Tangible fixed assets | 22/27 | €3,005 | €1,158 | -€1,847 | -61.5% |
| Plant, machinery and equipment | 23 | €2,457 | €1,158 | -€1,299 | -52.9% |
| Furniture and vehicles | 24 | €455 | - | -€455 | |
| Other tangible fixed assets | 26 | €92 | - | -€92 | |
| Current assets | 29/58 | €47,883 | €24,106 | -€23,778 | -49.7% |
| Stocks and contracts in progress | 3 | €2,173 | €2,240 | +€67 | +3.1% |
| Stocks | 30/36 | €2,173 | €2,240 | +€67 | +3.1% |
| Amounts receivable within one year | 40/41 | €42,790 | €20,823 | -€21,967 | -51.3% |
| Trade receivables | 40 | €1,076 | €593 | -€483 | -44.9% |
| Other amounts receivable | 41 | €41,714 | €20,230 | -€21,484 | -51.5% |
| Cash at bank and in hand | 54/58 | €2,920 | €1,043 | -€1,878 | -64.3% |
| Total equity and liabilities | 10/49 | €50,888 | €25,264 | -€25,624 | -50.4% |
| Equity | 10/15 | -€53,539 | -€180,463 | -€126,924 | -237.1% |
| Contributions | 10/11 | €62,221 | €62,221 | = | 0.0% |
| Capital | 10 | €62,221 | €62,221 | = | 0.0% |
| Issued capital | 100 | €62,221 | €62,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,760 | -€242,685 | -€126,924 | -109.6% |
| Amounts payable | 17/49 | €104,427 | €205,727 | +€101,300 | +97.0% |
| Amounts payable after more than one year | 17 | €63,792 | €55,500 | -€8,292 | -13.0% |
| Other amounts payable | 178/9 | €63,792 | €55,500 | -€8,292 | -13.0% |
| Amounts payable within one year | 42/48 | €40,635 | €150,227 | +€109,592 | +269.7% |
| Financial debts | 43 | €3,499 | €11,563 | +€8,064 | +230.5% |
| Credit institutions | 430/8 | €3,499 | €11,563 | +€8,064 | +230.5% |
| Trade debts | 44 | €2,636 | €44,601 | +€41,965 | +1592.0% |
| Suppliers | 440/4 | €2,636 | €44,601 | +€41,965 | +1592.0% |
| Taxes, remuneration and social security | 45 | €34,500 | €94,063 | +€59,563 | +172.6% |
| Taxes | 450/3 | €24,657 | €39,892 | +€15,235 | +61.8% |
| Remuneration and social security | 454/9 | €9,843 | €54,171 | +€44,328 | +450.3% |
| Remuneration, social security and pensions | 62 | €88,675 | €120,671 | +€31,996 | +36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,950 | €1,847 | -€1,103 | -37.4% |
| Other operating charges | 640/8 | €1,979 | €3,684 | +€1,704 | +86.1% |
| Non-recurring operating charges | 66A | - | €30,862 | +€30,862 | |
| Gross operating margin | 9900 | €136,603 | €92,876 | -€43,727 | -32.0% |
| Operating profit (loss) | 9901 | €42,999 | -€64,188 | -€107,186 | |
| Financial income | 75/76B | €925 | €0 | -€925 | -100.0% |
| Recurring financial income | 75 | €925 | €0 | -€925 | -100.0% |
| Financial charges | 65/66B | €1,781 | €46,222 | +€44,441 | +2495.1% |
| Recurring financial charges | 65 | €1,781 | €46,222 | +€44,441 | +2495.1% |
| Profit (loss) for the period before taxes | 9903 | €42,143 | -€110,409 | -€152,552 | |
| Income taxes | 67/77 | - | €16,515 | +€16,515 | |
| Profit (loss) for the period | 9904 | €42,143 | -€126,925 | -€169,068 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,143 | -€126,925 | -€169,068 |
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 11 October 2026 via checked.be.