NELE SOHIER: 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 SOHIER
Largest movements
- Cash -€96,813
down €96,813 (-54.4%), from €177,841 to €81,028
mainly Other debts (-€207,612) and Current investments (-€10,000)
- Receivables within one year -€30,705
down €30,705 (-33.1%), from €92,895 to €62,190
of which Trade receivables: -€25,755
- Current investments +€10,000
up €10,000 (+13.2%), from €76,000 to €86,000
- Tangible fixed assets -€8,147
down €8,147 (-22.0%), from €36,996 to €28,849
of which Land and buildings: -€9,914
- Other debts -€207,612
down €207,612 (-97.2%), from €213,609 to €5,997
- Reserves +€82,120
up €82,120 (+61.1%), from €134,431 to €216,551
of which Distributable reserves: +€82,120
- Taxes +€12,440
up €12,440 (+61.1%), from €20,360 to €32,800
- Gross operating margin +€10,874
up €10,874 (+9.5%), from €114,252 to €125,126
- Financial income +€5,182
up €5,182 (+437%), from €1,185 to €6,367
- Financial charges -€2,385
down €2,385 (-92.3%), from €2,585 to €200
- Depreciation +€1,439
up €1,439 (+10.0%), from €14,460 to €15,898
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 | €384,398 | €260,123 | -€124,275 | -32.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €36,996 | €28,849 | -€8,147 | -22.0% |
| Tangible fixed assets | 22/27 | €36,996 | €28,849 | -€8,147 | -22.0% |
| Land and buildings | 22 | €24,554 | €14,640 | -€9,914 | -40.4% |
| Plant, machinery and equipment | 23 | €9,809 | €12,335 | +€2,526 | +25.8% |
| Furniture and vehicles | 24 | €2,633 | €1,873 | -€760 | -28.9% |
| Current assets | 29/58 | €347,402 | €231,274 | -€116,128 | -33.4% |
| Amounts receivable within one year | 40/41 | €92,895 | €62,190 | -€30,705 | -33.1% |
| Trade receivables | 40 | €87,945 | €62,190 | -€25,755 | -29.3% |
| Other amounts receivable | 41 | €4,950 | - | -€4,950 | |
| Current investments | 50/53 | €76,000 | €86,000 | +€10,000 | +13.2% |
| Cash at bank and in hand | 54/58 | €177,841 | €81,028 | -€96,813 | -54.4% |
| Deferred charges and accrued income | 490/1 | €666 | €2,056 | +€1,390 | +209% |
| Total equity and liabilities | 10/49 | €384,398 | €260,123 | -€124,275 | -32.3% |
| Equity | 10/15 | €141,931 | €224,051 | +€82,120 | +57.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €134,431 | €216,551 | +€82,120 | +61.1% |
| Tax-exempt reserves | 132 | €115 | €115 | = | 0.0% |
| Distributable reserves | 133 | €134,316 | €216,436 | +€82,120 | +61.1% |
| Amounts payable | 17/49 | €242,467 | €36,072 | -€206,395 | -85.1% |
| Amounts payable within one year | 42/48 | €221,048 | €16,426 | -€204,622 | -92.6% |
| Trade debts | 44 | €1,568 | €1,285 | -€283 | -18.1% |
| Suppliers | 440/4 | €1,568 | €1,285 | -€283 | -18.1% |
| Taxes, remuneration and social security | 45 | €5,871 | €9,144 | +€3,273 | +55.7% |
| Taxes | 450/3 | €2,643 | €5,893 | +€3,250 | +123% |
| Remuneration and social security | 454/9 | €3,229 | €3,252 | +€23 | +0.7% |
| Other amounts payable | 47/48 | €213,609 | €5,997 | -€207,612 | -97.2% |
| Accrued charges and deferred income | 492/3 | €21,419 | €19,646 | -€1,773 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,460 | €15,898 | +€1,439 | +10.0% |
| Other operating charges | 640/8 | €433 | €475 | +€42 | +9.6% |
| Gross operating margin | 9900 | €114,252 | €125,126 | +€10,874 | +9.5% |
| Operating profit (loss) | 9901 | €99,359 | €108,752 | +€9,394 | +9.5% |
| Financial income | 75/76B | €1,185 | €6,367 | +€5,182 | +437% |
| Recurring financial income | 75 | €1,185 | €6,367 | +€5,182 | +437% |
| Financial charges | 65/66B | €2,585 | €200 | -€2,385 | -92.3% |
| Recurring financial charges | 65 | €2,585 | €200 | -€2,385 | -92.3% |
| Profit (loss) for the period before taxes | 9903 | €97,959 | €114,920 | +€16,961 | +17.3% |
| Transfer to deferred taxes | 680 | €115 | - | -€115 | |
| Income taxes | 67/77 | €20,360 | €32,800 | +€12,440 | +61.1% |
| Profit (loss) for the period | 9904 | €77,484 | €82,120 | +€4,636 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,484 | €82,120 | +€4,636 | +6.0% |
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 27 October 2026 via checked.be.