NELE ENGELEN: what changed
NELE ENGELEN
Largest movements
- Cash +€43,099
up €43,099 (+108%), from €39,872 to €82,971
mainly Net result for the year (+€101,197) and Receivables within one year (+€5,920)
- Current investments +€28,239
new in 2025: €28,239
- Receivables within one year -€5,920
down €5,920 (-20.9%), from €28,303 to €22,382
of which Trade receivables: -€12,803
- Tangible fixed assets +€1,912
up €1,912 (+6.4%), from €29,993 to €31,905
of which Other tangible fixed assets: +€2,329
- Reserves +€101,197
up €101,197 (+202%), from €49,994 to €151,192
- Trade debts -€14,110
down €14,110 (-80.9%), from €17,437 to €3,327
- Other debts -€13,510
no longer reported in 2025 (was €13,510)
- Tax, wage and social debts -€5,039
down €5,039 (-34.2%), from €14,726 to €9,687
- Gross operating margin +€69,866
up €69,866 (+109%), from €64,387 to €134,253
- Taxes +€16,411
up €16,411 (+130%), from €12,600 to €29,011
- Depreciation +€2,545
up €2,545 (+200%), from €1,272 to €3,817
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,167 | €166,944 | +€68,777 | +70.1% |
| Fixed assets | 21/28 | €29,993 | €31,905 | +€1,912 | +6.4% |
| Tangible fixed assets | 22/27 | €29,993 | €31,905 | +€1,912 | +6.4% |
| Furniture and vehicles | 24 | €2,044 | €1,627 | -€417 | -20.4% |
| Other tangible fixed assets | 26 | €27,948 | €30,278 | +€2,329 | +8.3% |
| Current assets | 29/58 | €68,175 | €135,039 | +€66,865 | +98.1% |
| Amounts receivable within one year | 40/41 | €28,303 | €22,382 | -€5,920 | -20.9% |
| Trade receivables | 40 | €28,303 | €15,500 | -€12,803 | -45.2% |
| Other amounts receivable | 41 | - | €6,882 | +€6,882 | |
| Current investments | 50/53 | - | €28,239 | +€28,239 | |
| Cash at bank and in hand | 54/58 | €39,872 | €82,971 | +€43,099 | +108% |
| Deferred charges and accrued income | 490/1 | - | €1,447 | +€1,447 | |
| Total equity and liabilities | 10/49 | €98,167 | €166,944 | +€68,777 | +70.1% |
| Equity | 10/15 | €52,494 | €153,692 | +€101,197 | +193% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €49,994 | €151,192 | +€101,197 | +202% |
| Distributable reserves | 133 | €49,994 | €151,192 | +€101,197 | +202% |
| Amounts payable | 17/49 | €45,673 | €13,253 | -€32,420 | -71.0% |
| Amounts payable within one year | 42/48 | €45,673 | €13,014 | -€32,659 | -71.5% |
| Trade debts | 44 | €17,437 | €3,327 | -€14,110 | -80.9% |
| Suppliers | 440/4 | €17,437 | €3,327 | -€14,110 | -80.9% |
| Taxes, remuneration and social security | 45 | €14,726 | €9,687 | -€5,039 | -34.2% |
| Taxes | 450/3 | €14,726 | €9,687 | -€5,039 | -34.2% |
| Other amounts payable | 47/48 | €13,510 | - | -€13,510 | |
| Accrued charges and deferred income | 492/3 | - | €239 | +€239 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,272 | €3,817 | +€2,545 | +200% |
| Other operating charges | 640/8 | €303 | €183 | -€120 | -39.5% |
| Gross operating margin | 9900 | €64,387 | €134,253 | +€69,866 | +109% |
| Operating profit (loss) | 9901 | €62,812 | €130,252 | +€67,440 | +107% |
| Financial income | 75/76B | €0 | €95 | +€94 | +47,160% |
| Recurring financial income | 75 | €0 | €95 | +€94 | +47,160% |
| Financial charges | 65/66B | €218 | €138 | -€80 | -36.6% |
| Recurring financial charges | 65 | €218 | €138 | -€80 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €62,594 | €130,209 | +€67,614 | +108% |
| Income taxes | 67/77 | €12,600 | €29,011 | +€16,411 | +130% |
| Profit (loss) for the period | 9904 | €49,994 | €101,197 | +€51,203 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €49,994 | €101,197 | +€51,203 | +102% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.