Neldemo: 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.
Neldemo
Largest movements
- Receivables within one year -€31,184
down €31,184 (-63.7%), from €48,959 to €17,774
of which Trade receivables: -€19,609
- Cash -€20,100
down €20,100 (-62.9%), from €31,934 to €11,834
mainly Other debts (-€51,154) and Tax, wage and social debts (-€11,626)
- Tangible fixed assets -€2,243
down €2,243 (-10.6%), from €21,192 to €18,949
of which Land and buildings: -€2,434
- Other debts -€51,154
down €51,154 (-58.0%), from €88,255 to €37,100
- Reserves +€13,801
up €13,801 (+742.0%), from €1,860 to €15,661
- Tax, wage and social debts -€11,626
down €11,626 (-76.4%), from €15,221 to €3,595
- Trade debts -€4,548
down €4,548 (-92.2%), from €4,935 to €387
- Other operating charges +€2,258
up €2,258 (+298.6%), from €756 to €3,015
- Financial charges +€1,375
up €1,375 (+274.2%), from €501 to €1,876
- Taxes +€957
up €957 (+16.6%), from €5,757 to €6,714
- Depreciation +€665
up €665 (+21.1%), from €3,150 to €3,815
- Gross operating margin +€332
up €332 (+1.1%), from €28,890 to €29,222
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 | €123,335 | €69,807 | -€53,527 | -43.4% |
| Fixed assets | 21/28 | €21,442 | €19,199 | -€2,243 | -10.5% |
| Tangible fixed assets | 22/27 | €21,192 | €18,949 | -€2,243 | -10.6% |
| Land and buildings | 22 | €19,298 | €16,863 | -€2,434 | -12.6% |
| Plant, machinery and equipment | 23 | €1,894 | €2,086 | +€191 | +10.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €101,893 | €50,608 | -€51,284 | -50.3% |
| Amounts receivable after more than one year | 29 | €21,000 | €21,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €21,000 | €21,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,959 | €17,774 | -€31,184 | -63.7% |
| Trade receivables | 40 | €29,307 | €9,699 | -€19,609 | -66.9% |
| Other amounts receivable | 41 | €19,651 | €8,076 | -€11,576 | -58.9% |
| Cash at bank and in hand | 54/58 | €31,934 | €11,834 | -€20,100 | -62.9% |
| Total equity and liabilities | 10/49 | €123,335 | €69,807 | -€53,527 | -43.4% |
| Equity | 10/15 | €14,924 | €28,725 | +€13,801 | +92.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €15,661 | +€13,801 | +742.0% |
| Distributable reserves | 133 | €1,860 | €15,661 | +€13,801 | +742.0% |
| Profit (loss) carried forward | 14 | €664 | €664 | = | 0.0% |
| Amounts payable | 17/49 | €108,411 | €41,083 | -€67,328 | -62.1% |
| Amounts payable within one year | 42/48 | €108,411 | €41,083 | -€67,328 | -62.1% |
| Trade debts | 44 | €4,935 | €387 | -€4,548 | -92.2% |
| Suppliers | 440/4 | €4,935 | €387 | -€4,548 | -92.2% |
| Taxes, remuneration and social security | 45 | €15,221 | €3,595 | -€11,626 | -76.4% |
| Taxes | 450/3 | €15,221 | €3,595 | -€11,626 | -76.4% |
| Other amounts payable | 47/48 | €88,255 | €37,100 | -€51,154 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,150 | €3,815 | +€665 | +21.1% |
| Other operating charges | 640/8 | €756 | €3,015 | +€2,258 | +298.6% |
| Gross operating margin | 9900 | €28,890 | €29,222 | +€332 | +1.1% |
| Operating profit (loss) | 9901 | €24,983 | €22,392 | -€2,592 | -10.4% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €501 | €1,876 | +€1,375 | +274.2% |
| Recurring financial charges | 65 | €501 | €1,876 | +€1,375 | +274.2% |
| Profit (loss) for the period before taxes | 9903 | €24,485 | €20,515 | -€3,969 | -16.2% |
| Income taxes | 67/77 | €5,757 | €6,714 | +€957 | +16.6% |
| Profit (loss) for the period | 9904 | €18,728 | €13,801 | -€4,927 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,728 | €13,801 | -€4,927 | -26.3% |
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 2 October 2026 via checked.be.