NELDECO: 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.
NELDECO
Largest movements
- Tangible fixed assets +€391,106
up €391,106 (+38.6%), from €1.0m to €1.4m
of which Land and buildings: +€394,576
- Cash -€265,411
down €265,411 (-82.2%), from €322,935 to €57,524
mainly Investment in fixed assets (net) (-€415,795) and Receivables within one year (-€155,202)
- Receivables within one year +€155,202
up €155,202 (+855.1%), from €18,150 to €173,352
of which Trade receivables: +€147,620
- Current investments -€63,360
down €63,360 (-99.9%), from €63,425 to €65
- Current portion of long-term debt +€100,000
new in 2025: €100,000
- Reserves +€94,844
up €94,844 (+8.4%), from €1.1m to €1.2m
- Trade debts +€60,779
up €60,779 (+814.9%), from €7,459 to €68,237
- Debts after one year -€27,051
down €27,051 (-14.5%), from €186,463 to €159,412
- Other operating charges +€40,580
up €40,580 (+82.6%), from €49,109 to €89,688
- Gross operating margin +€11,228
up €11,228 (+4.7%), from €238,811 to €250,039
- Taxes -€9,172
down €9,172 (-18.9%), from €48,628 to €39,456
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 | €1,417,281 | €1,634,818 | +€217,537 | +15.3% |
| Fixed assets | 21/28 | €1,012,771 | €1,403,877 | +€391,106 | +38.6% |
| Tangible fixed assets | 22/27 | €1,012,771 | €1,403,877 | +€391,106 | +38.6% |
| Land and buildings | 22 | €1,001,204 | €1,395,780 | +€394,576 | +39.4% |
| Furniture and vehicles | 24 | €11,567 | €8,097 | -€3,470 | -30.0% |
| Current assets | 29/58 | €404,510 | €230,941 | -€173,569 | -42.9% |
| Amounts receivable within one year | 40/41 | €18,150 | €173,352 | +€155,202 | +855.1% |
| Trade receivables | 40 | €18,150 | €165,770 | +€147,620 | +813.3% |
| Other amounts receivable | 41 | - | €7,582 | +€7,582 | |
| Current investments | 50/53 | €63,425 | €65 | -€63,360 | -99.9% |
| Cash at bank and in hand | 54/58 | €322,935 | €57,524 | -€265,411 | -82.2% |
| Total equity and liabilities | 10/49 | €1,417,281 | €1,634,818 | +€217,537 | +15.3% |
| Equity | 10/15 | €1,131,164 | €1,226,008 | +€94,844 | +8.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,129,370 | €1,224,215 | +€94,844 | +8.4% |
| Distributable reserves | 133 | €1,129,370 | €1,224,215 | +€94,844 | +8.4% |
| Profit (loss) carried forward | 14 | €794 | €794 | = | 0.0% |
| Amounts payable | 17/49 | €286,117 | €408,810 | +€122,693 | +42.9% |
| Amounts payable after more than one year | 17 | €186,463 | €159,412 | -€27,051 | -14.5% |
| Financial debts | 170/4 | €186,463 | €159,412 | -€27,051 | -14.5% |
| Amounts payable within one year | 42/48 | €99,654 | €249,398 | +€149,744 | +150.3% |
| Current portion of amounts payable after more than one year | 42 | - | €100,000 | +€100,000 | |
| Financial debts | 43 | €26,737 | €27,051 | +€315 | +1.2% |
| Credit institutions | 430/8 | €26,737 | €27,051 | +€315 | +1.2% |
| Trade debts | 44 | €7,459 | €68,237 | +€60,779 | +814.9% |
| Suppliers | 440/4 | €7,459 | €68,237 | +€60,779 | +814.9% |
| Taxes, remuneration and social security | 45 | €65,190 | €54,109 | -€11,081 | -17.0% |
| Taxes | 450/3 | €65,190 | €54,109 | -€11,081 | -17.0% |
| Other amounts payable | 47/48 | €269 | - | -€269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,689 | €24,689 | = | 0.0% |
| Other operating charges | 640/8 | €49,109 | €89,688 | +€40,580 | +82.6% |
| Gross operating margin | 9900 | €238,811 | €250,039 | +€11,228 | +4.7% |
| Operating profit (loss) | 9901 | €165,014 | €135,662 | -€29,351 | -17.8% |
| Financial income | 75/76B | €326 | €2,781 | +€2,455 | +753.0% |
| Recurring financial income | 75 | €326 | €2,781 | +€2,455 | +753.0% |
| Financial charges | 65/66B | €2,914 | €4,143 | +€1,229 | +42.2% |
| Recurring financial charges | 65 | €2,914 | €4,143 | +€1,229 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €162,426 | €134,300 | -€28,126 | -17.3% |
| Income taxes | 67/77 | €48,628 | €39,456 | -€9,172 | -18.9% |
| Profit (loss) for the period | 9904 | €113,798 | €94,844 | -€18,953 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €113,798 | €94,844 | -€18,953 | -16.7% |
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 8 October 2026 via checked.be.