NELDE: 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.
NELDE
Largest movements
- Cash -€4,656
down €4,656 (-15.1%), from €30,921 to €26,265
mainly Net result for the year (-€4,436) and Receivables within one year (-€1,781)
- Receivables within one year +€1,781
up €1,781 (+2.1%), from €86,767 to €88,548
of which Trade receivables: +€1,747
- Profit (loss) carried forward -€4,436
down €4,436 (-2.9%), from -€152,956 to -€157,392
- Accrued charges and deferred income +€2,494
up €2,494 (+617.1%), from €404 to €2,898
- Other operating charges +€59
up €59 (+36.2%), from €162 to €220
- Gross operating margin -€49
down €49 (-1.2%), from -€4,150 to -€4,199
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 | €157,623 | €155,275 | -€2,349 | -1.5% |
| Current assets | 29/58 | €157,623 | €155,275 | -€2,349 | -1.5% |
| Stocks and contracts in progress | 3 | €39,900 | €39,900 | = | 0.0% |
| Stocks | 30/36 | €39,900 | €39,900 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €86,767 | €88,548 | +€1,781 | +2.1% |
| Trade receivables | 40 | €85,489 | €87,236 | +€1,747 | +2.0% |
| Other amounts receivable | 41 | €1,278 | €1,312 | +€34 | +2.6% |
| Cash at bank and in hand | 54/58 | €30,921 | €26,265 | -€4,656 | -15.1% |
| Deferred charges and accrued income | 490/1 | €36 | €562 | +€527 | +1476.5% |
| Total equity and liabilities | 10/49 | €157,623 | €155,275 | -€2,349 | -1.5% |
| Equity | 10/15 | €147,044 | €142,608 | -€4,436 | -3.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,956 | -€157,392 | -€4,436 | -2.9% |
| Amounts payable | 17/49 | €10,580 | €12,667 | +€2,087 | +19.7% |
| Amounts payable within one year | 42/48 | €10,176 | €9,769 | -€407 | -4.0% |
| Trade debts | 44 | €757 | - | -€757 | |
| Suppliers | 440/4 | €757 | - | -€757 | |
| Other amounts payable | 47/48 | €9,419 | €9,769 | +€350 | +3.7% |
| Accrued charges and deferred income | 492/3 | €404 | €2,898 | +€2,494 | +617.1% |
| Other operating charges | 640/8 | €162 | €220 | +€59 | +36.2% |
| Gross operating margin | 9900 | -€4,150 | -€4,199 | -€49 | -1.2% |
| Operating profit (loss) | 9901 | -€4,312 | -€4,419 | -€108 | -2.5% |
| Financial income | 75/76B | €13 | €13 | +€0 | +0.8% |
| Recurring financial income | 75 | €13 | €13 | +€0 | +0.8% |
| Financial charges | 65/66B | €29 | €29 | +€1 | +3.0% |
| Recurring financial charges | 65 | €29 | €29 | +€1 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,327 | -€4,436 | -€108 | -2.5% |
| Profit (loss) for the period | 9904 | -€4,327 | -€4,436 | -€108 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,327 | -€4,436 | -€108 | -2.5% |
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 10 October 2026 via checked.be.