NELDAR CONSTRUCT: 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.
NELDAR CONSTRUCT
Largest movements
- Receivables within one year -€14,417
down €14,417 (-19.1%), from €75,536 to €61,119
of which Trade receivables: -€11,447
- Tangible fixed assets -€11,077
down €11,077 (-21.6%), from €51,393 to €40,316
- Cash +€1,745
up €1,745 (+106.6%), from €1,637 to €3,381
mainly Depreciation (+€18,220) and Receivables within one year (+€14,417)
- Other debts -€13,287
no longer reported in 2025 (was €13,287)
- Debts after one year -€12,919
down €12,919 (-31.0%), from €41,662 to €28,743
- Tax, wage and social debts -€4,695
down €4,695 (-43.3%), from €10,849 to €6,155
- Profit (loss) carried forward +€4,031
up €4,031 (+9.9%), from €40,640 to €44,672
- Trade debts +€3,184
up €3,184 (+56.6%), from €5,621 to €8,804
- Purchases and services +€87,645
up €87,645 (+21.5%), from €408,128 to €495,773
- Turnover +€85,131
up €85,131 (+19.6%), from €434,295 to €519,426
- Financial charges -€8,524
down €8,524 (-98.2%), from €8,680 to €156
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 | €128,978 | €105,293 | -€23,686 | -18.4% |
| Fixed assets | 21/28 | €51,393 | €40,316 | -€11,077 | -21.6% |
| Tangible fixed assets | 22/27 | €51,393 | €40,316 | -€11,077 | -21.6% |
| Furniture and vehicles | 24 | €51,393 | €40,316 | -€11,077 | -21.6% |
| Current assets | 29/58 | €77,585 | €64,977 | -€12,609 | -16.3% |
| Amounts receivable within one year | 40/41 | €75,536 | €61,119 | -€14,417 | -19.1% |
| Trade receivables | 40 | €39,187 | €27,740 | -€11,447 | -29.2% |
| Other amounts receivable | 41 | €36,348 | €33,379 | -€2,969 | -8.2% |
| Cash at bank and in hand | 54/58 | €1,637 | €3,381 | +€1,745 | +106.6% |
| Deferred charges and accrued income | 490/1 | €413 | €476 | +€64 | +15.4% |
| Total equity and liabilities | 10/49 | €128,978 | €105,293 | -€23,686 | -18.4% |
| Equity | 10/15 | €44,640 | €48,672 | +€4,031 | +9.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,640 | €44,672 | +€4,031 | +9.9% |
| Amounts payable | 17/49 | €84,338 | €56,621 | -€27,717 | -32.9% |
| Amounts payable after more than one year | 17 | €41,662 | €28,743 | -€12,919 | -31.0% |
| Financial debts | 170/4 | €41,662 | €28,743 | -€12,919 | -31.0% |
| Amounts payable within one year | 42/48 | €42,676 | €27,878 | -€14,798 | -34.7% |
| Financial debts | 43 | €12,919 | €12,919 | = | 0.0% |
| Credit institutions | 430/8 | €12,919 | €12,919 | = | 0.0% |
| Trade debts | 44 | €5,621 | €8,804 | +€3,184 | +56.6% |
| Suppliers | 440/4 | €5,621 | €8,804 | +€3,184 | +56.6% |
| Taxes, remuneration and social security | 45 | €10,849 | €6,155 | -€4,695 | -43.3% |
| Taxes | 450/3 | €10,849 | €6,155 | -€4,695 | -43.3% |
| Other amounts payable | 47/48 | €13,287 | - | -€13,287 | |
| Turnover | 70 | €434,295 | €519,426 | +€85,131 | +19.6% |
| Non-recurring operating income | 76A | €1,649 | €2,157 | +€507 | +30.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €408,128 | €495,773 | +€87,645 | +21.5% |
| Remuneration, social security and pensions | 62 | €245 | €79 | -€166 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,698 | €18,220 | +€4,522 | +33.0% |
| Other operating charges | 640/8 | €1,178 | €467 | -€710 | -60.3% |
| Gross operating margin | 9900 | €27,816 | €25,809 | -€2,007 | -7.2% |
| Operating profit (loss) | 9901 | €12,696 | €7,043 | -€5,653 | -44.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200.0% |
| Financial charges | 65/66B | €8,680 | €156 | -€8,524 | -98.2% |
| Recurring financial charges | 65 | €8,680 | €156 | -€8,524 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €4,016 | €6,887 | +€2,871 | +71.5% |
| Income taxes | 67/77 | €2,040 | €2,856 | +€816 | +40.0% |
| Profit (loss) for the period | 9904 | €1,976 | €4,031 | +€2,056 | +104.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,976 | €4,031 | +€2,056 | +104.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.