NELCRIS: 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.
NELCRIS
Largest movements
- Receivables within one year -€52,357
down €52,357 (-36.3%), from €144,148 to €91,790
of which Trade receivables: -€53,423
- Cash +€4,510
up €4,510 (+4.0%), from €111,890 to €116,400
mainly Receivables within one year (+€52,357) and Other debts (+€49,000)
- Tangible fixed assets +€3,061
up €3,061 (+378.2%), from €809 to €3,871
of which Furniture and vehicles: +€2,265
- Profit (loss) carried forward -€56,556
down €56,556 (-35.2%), from €160,712 to €104,157
- Other debts +€49,000
new in 2026: €49,000
- Tax, wage and social debts -€33,851
down €33,851 (-44.1%), from €76,795 to €42,943
of which Remuneration and social security: -€52,014
- Trade debts -€3,379
down €3,379 (-29.2%), from €11,580 to €8,201
of which Suppliers: -€4,525
- Turnover -€180,171
down €180,171 (-62.9%), from €286,592 to €106,420
- Purchases and services -€172,020
down €172,020 (-67.6%), from €254,325 to €82,305
- Gross operating margin -€8,151
down €8,151 (-25.3%), from €32,267 to €24,115
- Financial charges +€3,436
up €3,436 (+2180.7%), from €158 to €3,593
of which Financial charges: +€2,597
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €257,147 | €212,361 | -€44,786 | -17.4% |
| Fixed assets | 21/28 | €1,109 | €4,171 | +€3,061 | +275.9% |
| Tangible fixed assets | 22/27 | €809 | €3,871 | +€3,061 | +378.2% |
| Plant, machinery and equipment | 23 | €809 | €1,606 | +€796 | +98.4% |
| Furniture and vehicles | 24 | - | €2,265 | +€2,265 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €256,038 | €208,190 | -€47,847 | -18.7% |
| Amounts receivable within one year | 40/41 | €144,148 | €91,790 | -€52,357 | -36.3% |
| Trade receivables | 40 | €133,319 | €79,896 | -€53,423 | -40.1% |
| Other amounts receivable | 41 | €10,829 | €11,894 | +€1,065 | +9.8% |
| Cash at bank and in hand | 54/58 | €111,890 | €116,400 | +€4,510 | +4.0% |
| Total equity and liabilities | 10/49 | €257,147 | €212,361 | -€44,786 | -17.4% |
| Equity | 10/15 | €168,772 | €112,217 | -€56,556 | -33.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,712 | €104,157 | -€56,556 | -35.2% |
| Amounts payable | 17/49 | €88,375 | €100,144 | +€11,770 | +13.3% |
| Amounts payable within one year | 42/48 | €88,375 | €100,144 | +€11,770 | +13.3% |
| Trade debts | 44 | €11,580 | €8,201 | -€3,379 | -29.2% |
| Suppliers | 440/4 | €5,999 | €1,474 | -€4,525 | -75.4% |
| Bills of exchange payable | 441 | €5,581 | €6,727 | +€1,146 | +20.5% |
| Taxes, remuneration and social security | 45 | €76,795 | €42,943 | -€33,851 | -44.1% |
| Taxes | 450/3 | €7,077 | €25,240 | +€18,162 | +256.6% |
| Remuneration and social security | 454/9 | €69,717 | €17,704 | -€52,014 | -74.6% |
| Other amounts payable | 47/48 | - | €49,000 | +€49,000 | |
| Turnover | 70 | €286,592 | €106,420 | -€180,171 | -62.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €254,325 | €82,305 | -€172,020 | -67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270 | €3,068 | +€2,798 | +1037.0% |
| Other operating charges | 640/8 | €511 | €645 | +€134 | +26.2% |
| Gross operating margin | 9900 | €32,267 | €24,115 | -€8,151 | -25.3% |
| Operating profit (loss) | 9901 | €31,486 | €20,403 | -€11,083 | -35.2% |
| Financial income | 75/76B | €359 | €1,023 | +€665 | +185.3% |
| Recurring financial income | 75 | €359 | €125 | -€234 | -65.2% |
| Non-recurring financial income | 76B | - | €898 | +€898 | |
| Financial charges | 65/66B | €158 | €3,593 | +€3,436 | +2180.7% |
| Recurring financial charges | 65 | €158 | €2,755 | +€2,597 | +1648.4% |
| Non-recurring financial charges | 66B | - | €839 | +€839 | |
| Profit (loss) for the period before taxes | 9903 | €31,687 | €17,833 | -€13,854 | -43.7% |
| Income taxes | 67/77 | €7,077 | €4,389 | -€2,688 | -38.0% |
| Profit (loss) for the period | 9904 | €24,610 | €13,444 | -€11,166 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,610 | €13,444 | -€11,166 | -45.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.