NELCATH: 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.
NELCATH
Largest movements
- Receivables within one year -€13,116
down €13,116 (-100.0%), from €13,116 to €0
- Tangible fixed assets -€11,813
down €11,813 (-60.6%), from €19,504 to €7,691
- Cash +€8,312
up €8,312 (+142.9%), from €5,815 to €14,127
mainly Current portion of long-term debt (+€45,836) and Receivables within one year (+€13,116)
- Deferred charges and accrued income +€3,715
up €3,715 (+233.9%), from €1,588 to €5,304
- Current portion of long-term debt +€45,836
up €45,836 (+255.6%), from €17,935 to €63,771
- Trade debts -€45,429
down €45,429 (-95.1%), from €47,757 to €2,328
- Other debts -€17,605
down €17,605 (-18.6%), from €94,762 to €77,157
- Short-term financial debts +€8,135
new in 2025: €8,135
- Profit (loss) carried forward +€7,211
up €7,211 (+57.6%), from -€12,515 to -€5,304
- Turnover -€16,772
down €16,772 (-3.2%), from €525,546 to €508,774
- Staff costs -€7,646
no longer reported in 2025 (was €7,646)
- Purchases and services -€6,283
down €6,283 (-1.3%), from €498,678 to €492,395
- Gross operating margin -€5,509
down €5,509 (-18.6%), from €29,640 to €24,131
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 | €223,914 | €212,463 | -€11,452 | -5.1% |
| Fixed assets | 21/28 | €19,889 | €7,691 | -€12,198 | -61.3% |
| Tangible fixed assets | 22/27 | €19,504 | €7,691 | -€11,813 | -60.6% |
| Furniture and vehicles | 24 | €19,504 | €7,691 | -€11,813 | -60.6% |
| Financial fixed assets | 28 | €385 | - | -€385 | |
| Current assets | 29/58 | €204,025 | €204,771 | +€746 | +0.4% |
| Stocks and contracts in progress | 3 | €183,506 | €185,341 | +€1,835 | +1.0% |
| Stocks | 30/36 | €183,506 | €185,341 | +€1,835 | +1.0% |
| Amounts receivable within one year | 40/41 | €13,116 | €0 | -€13,116 | -100.0% |
| Trade receivables | 40 | €13,116 | €0 | -€13,116 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,815 | €14,127 | +€8,312 | +142.9% |
| Deferred charges and accrued income | 490/1 | €1,588 | €5,304 | +€3,715 | +233.9% |
| Total equity and liabilities | 10/49 | €223,914 | €212,463 | -€11,452 | -5.1% |
| Equity | 10/15 | €10,485 | €17,696 | +€7,211 | +68.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Share premium | 1100/10 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,515 | -€5,304 | +€7,211 | +57.6% |
| Amounts payable | 17/49 | €213,429 | €194,767 | -€18,662 | -8.7% |
| Amounts payable after more than one year | 17 | €18,180 | €12,493 | -€5,687 | -31.3% |
| Financial debts | 170/4 | €18,180 | €12,493 | -€5,687 | -31.3% |
| Amounts payable within one year | 42/48 | €195,249 | €182,274 | -€12,975 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €17,935 | €63,771 | +€45,836 | +255.6% |
| Financial debts | 43 | - | €8,135 | +€8,135 | |
| Credit institutions | 430/8 | - | €8,135 | +€8,135 | |
| Trade debts | 44 | €47,757 | €2,328 | -€45,429 | -95.1% |
| Suppliers | 440/4 | €47,757 | €2,328 | -€45,429 | -95.1% |
| Taxes, remuneration and social security | 45 | €34,796 | €30,883 | -€3,912 | -11.2% |
| Taxes | 450/3 | €34,796 | €30,883 | -€3,912 | -11.2% |
| Other amounts payable | 47/48 | €94,762 | €77,157 | -€17,605 | -18.6% |
| Turnover | 70 | €525,546 | €508,774 | -€16,772 | -3.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €498,678 | €492,395 | -€6,283 | -1.3% |
| Remuneration, social security and pensions | 62 | €7,646 | - | -€7,646 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,063 | €5,702 | -€2,361 | -29.3% |
| Other operating charges | 640/8 | €1,278 | €4,271 | +€2,993 | +234.2% |
| Gross operating margin | 9900 | €29,640 | €24,131 | -€5,509 | -18.6% |
| Operating profit (loss) | 9901 | €12,653 | €14,158 | +€1,505 | +11.9% |
| Financial income | 75/76B | €101 | €1,097 | +€996 | +983.5% |
| Recurring financial income | 75 | €101 | €1,097 | +€996 | +983.5% |
| Financial charges | 65/66B | €7,772 | €5,346 | -€2,425 | -31.2% |
| Recurring financial charges | 65 | €7,772 | €5,346 | -€2,425 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €4,982 | €9,908 | +€4,926 | +98.9% |
| Income taxes | 67/77 | €205 | €2,698 | +€2,492 | +1215.0% |
| Profit (loss) for the period | 9904 | €4,777 | €7,211 | +€2,434 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,777 | €7,211 | +€2,434 | +50.9% |
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 4 October 2026 via checked.be.