NELE VAN ASSCHE: 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 VAN ASSCHE
Largest movements
- Cash +€136,880
up €136,880 (+31.8%), from €430,400 to €567,280
mainly Net result for the year (+€236,898) and Depreciation (+€99,985)
- Tangible fixed assets +€76,983
up €76,983 (+6.2%), from €1.2m to €1.3m
of which Land and buildings: +€68,470
- Reserves +€236,898
up €236,898 (+13.1%), from €1.8m to €2.0m
- Trade debts -€42,201
down €42,201 (-42.7%), from €98,751 to €56,550
- Tax, wage and social debts +€40,908
up €40,908 (+276%), from €14,803 to €55,711
- Debts after one year -€40,901
down €40,901 (-20.3%), from €201,030 to €160,129
- Gross operating margin +€131,279
up €131,279 (+41.5%), from €316,174 to €447,453
- Taxes +€42,024
up €42,024 (+66.0%), from €63,687 to €105,711
- Depreciation +€8,587
up €8,587 (+9.4%), from €91,398 to €99,985
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 | €2,394,013 | €2,570,019 | +€176,007 | +7.4% |
| Fixed assets | 21/28 | €1,242,992 | €1,319,974 | +€76,983 | +6.2% |
| Tangible fixed assets | 22/27 | €1,242,362 | €1,319,344 | +€76,983 | +6.2% |
| Land and buildings | 22 | €1,208,533 | €1,277,003 | +€68,470 | +5.7% |
| Plant, machinery and equipment | 23 | - | €18,305 | +€18,305 | |
| Furniture and vehicles | 24 | €33,829 | €24,037 | -€9,792 | -28.9% |
| Financial fixed assets | 28 | €630 | €630 | = | 0.0% |
| Current assets | 29/58 | €1,151,021 | €1,250,045 | +€99,024 | +8.6% |
| Amounts receivable within one year | 40/41 | €16,116 | - | -€16,116 | |
| Other amounts receivable | 41 | €16,116 | - | -€16,116 | |
| Current investments | 50/53 | €704,505 | €682,765 | -€21,740 | -3.1% |
| Cash at bank and in hand | 54/58 | €430,400 | €567,280 | +€136,880 | +31.8% |
| Total equity and liabilities | 10/49 | €2,394,013 | €2,570,019 | +€176,007 | +7.4% |
| Equity | 10/15 | €1,908,537 | €2,145,435 | +€236,898 | +12.4% |
| Contributions | 10/11 | €104,000 | €104,000 | = | 0.0% |
| Reserves | 13 | €1,804,537 | €2,041,435 | +€236,898 | +13.1% |
| Distributable reserves | 133 | €1,804,537 | €2,041,435 | +€236,898 | +13.1% |
| Amounts payable | 17/49 | €485,475 | €424,584 | -€60,891 | -12.5% |
| Amounts payable after more than one year | 17 | €201,030 | €160,129 | -€40,901 | -20.3% |
| Financial debts | 170/4 | €201,030 | €160,129 | -€40,901 | -20.3% |
| Amounts payable within one year | 42/48 | €269,366 | €249,376 | -€19,990 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €53,124 | €40,901 | -€12,222 | -23.0% |
| Trade debts | 44 | €98,751 | €56,550 | -€42,201 | -42.7% |
| Suppliers | 440/4 | €98,751 | €56,550 | -€42,201 | -42.7% |
| Taxes, remuneration and social security | 45 | €14,803 | €55,711 | +€40,908 | +276% |
| Taxes | 450/3 | €14,803 | €55,711 | +€40,908 | +276% |
| Other amounts payable | 47/48 | €102,688 | €96,214 | -€6,474 | -6.3% |
| Accrued charges and deferred income | 492/3 | €15,079 | €15,079 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,398 | €99,985 | +€8,587 | +9.4% |
| Other operating charges | 640/8 | €5,740 | €3,214 | -€2,526 | -44.0% |
| Gross operating margin | 9900 | €316,174 | €447,453 | +€131,279 | +41.5% |
| Operating profit (loss) | 9901 | €219,036 | €344,254 | +€125,218 | +57.2% |
| Financial income | 75/76B | €292 | €4,471 | +€4,179 | +1,430% |
| Recurring financial income | 75 | €292 | €4,471 | +€4,179 | +1,430% |
| Financial charges | 65/66B | €7,609 | €6,117 | -€1,492 | -19.6% |
| Recurring financial charges | 65 | €7,609 | €6,117 | -€1,492 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €211,719 | €342,609 | +€130,889 | +61.8% |
| Income taxes | 67/77 | €63,687 | €105,711 | +€42,024 | +66.0% |
| Profit (loss) for the period | 9904 | €148,032 | €236,898 | +€88,866 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €148,032 | €236,898 | +€88,866 | +60.0% |
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 26 October 2026 via checked.be.