Nele Denys: 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.
Nele Denys
Largest movements
- Cash -€13,059
down €13,059 (-21.7%), from €60,094 to €47,035
mainly Other debts (-€23,853) and Contributions, distributions and other (-€833)
- Receivables within one year -€7,527
down €7,527 (-44.2%), from €17,019 to €9,492
of which Other amounts receivable: -€8,776
- Tangible fixed assets -€1,044
down €1,044 (-48.0%), from €2,173 to €1,129
of which Plant, machinery and equipment: -€572
- Other debts -€23,853
down €23,853 (-78.5%), from €30,369 to €6,516
- Tax, wage and social debts +€1,615
up €1,615, from €0 to €1,615
of which Taxes: +€1,615
- Reserves +€1,412
up €1,412 (+2.9%), from €48,171 to €49,582
- Gross operating margin -€13,182
down €13,182 (-62.7%), from €21,008 to €7,826
- Financial charges -€1,882
down €1,882 (-48.4%), from €3,887 to €2,005
- Taxes -€1,757
down €1,757 (-52.1%), from €3,372 to €1,615
- Depreciation -€1,413
down €1,413 (-57.5%), from €2,457 to €1,044
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.
Derived cash bridge
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 | €80,780 | €59,297 | -€21,483 | -26.6% |
| Fixed assets | 21/28 | €2,173 | €1,129 | -€1,044 | -48.0% |
| Tangible fixed assets | 22/27 | €2,173 | €1,129 | -€1,044 | -48.0% |
| Plant, machinery and equipment | 23 | €1,701 | €1,129 | -€572 | -33.6% |
| Furniture and vehicles | 24 | €472 | - | -€472 | |
| Current assets | 29/58 | €78,607 | €58,168 | -€20,439 | -26.0% |
| Amounts receivable within one year | 40/41 | €17,019 | €9,492 | -€7,527 | -44.2% |
| Trade receivables | 40 | €7,010 | €8,259 | +€1,248 | +17.8% |
| Other amounts receivable | 41 | €10,009 | €1,233 | -€8,776 | -87.7% |
| Cash at bank and in hand | 54/58 | €60,094 | €47,035 | -€13,059 | -21.7% |
| Deferred charges and accrued income | 490/1 | €1,494 | €1,642 | +€148 | +9.9% |
| Total equity and liabilities | 10/49 | €80,780 | €59,297 | -€21,483 | -26.6% |
| Equity | 10/15 | €49,171 | €50,582 | +€1,412 | +2.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €48,171 | €49,582 | +€1,412 | +2.9% |
| Distributable reserves | 133 | €48,171 | €49,582 | +€1,412 | +2.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €31,609 | €8,715 | -€22,894 | -72.4% |
| Amounts payable within one year | 42/48 | €31,609 | €8,715 | -€22,894 | -72.4% |
| Trade debts | 44 | €1,240 | €584 | -€656 | -52.9% |
| Suppliers | 440/4 | €1,240 | €584 | -€656 | -52.9% |
| Taxes, remuneration and social security | 45 | €0 | €1,615 | +€1,615 | |
| Taxes | 450/3 | - | €1,615 | +€1,615 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,369 | €6,516 | -€23,853 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,457 | €1,044 | -€1,413 | -57.5% |
| Other operating charges | 640/8 | €911 | €918 | +€7 | +0.8% |
| Gross operating margin | 9900 | €21,008 | €7,826 | -€13,182 | -62.7% |
| Operating profit (loss) | 9901 | €17,640 | €5,864 | -€11,776 | -66.8% |
| Financial income | 75/76B | €5 | €1 | -€4 | -80.4% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -80.4% |
| Financial charges | 65/66B | €3,887 | €2,005 | -€1,882 | -48.4% |
| Recurring financial charges | 65 | €3,887 | €2,005 | -€1,882 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €13,758 | €3,860 | -€9,898 | -71.9% |
| Income taxes | 67/77 | €3,372 | €1,615 | -€1,757 | -52.1% |
| Profit (loss) for the period | 9904 | €10,386 | €2,245 | -€8,141 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,386 | €2,245 | -€8,141 | -78.4% |
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 24 October 2026 via checked.be.