NELEC GENERALE: 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.
NELEC GENERALE
Largest movements
- Cash +€27,422
up €27,422 (+48.1%), from €56,977 to €84,399
mainly Receivables within one year (+€16,849) and Net result for the year (+€12,543)
- Receivables within one year -€16,849
down €16,849 (-65.0%), from €25,930 to €9,081
of which Trade receivables: -€13,175
- Tangible fixed assets -€4,404
down €4,404 (-38.0%), from €11,597 to €7,192
of which Furniture and vehicles: -€3,984
- Profit (loss) carried forward +€12,543
up €12,543 (+19.0%), from €66,100 to €78,643
- Trade debts -€6,218
down €6,218 (-40.7%), from €15,261 to €9,043
- Gross operating margin -€21,802
down €21,802 (-49.7%), from €43,893 to €22,091
- Taxes -€8,100
no longer reported in 2025 (was €8,100)
- Staff costs -€2,641
down €2,641 (-40.5%), from €6,524 to €3,883
- Financial income +€1,902
new in 2025: €1,902
of which Non-recurring financial income: +€1,896
- Depreciation +€1,883
up €1,883 (+55.1%), from €3,419 to €5,302
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 | €95,191 | €101,359 | +€6,168 | +6.5% |
| Fixed assets | 21/28 | €11,984 | €7,580 | -€4,404 | -36.8% |
| Tangible fixed assets | 22/27 | €11,597 | €7,192 | -€4,404 | -38.0% |
| Plant, machinery and equipment | 23 | €525 | €105 | -€420 | -80.0% |
| Furniture and vehicles | 24 | €11,072 | €7,087 | -€3,984 | -36.0% |
| Financial fixed assets | 28 | €387 | €387 | = | 0.0% |
| Current assets | 29/58 | €83,207 | €93,779 | +€10,572 | +12.7% |
| Amounts receivable within one year | 40/41 | €25,930 | €9,081 | -€16,849 | -65.0% |
| Trade receivables | 40 | €14,994 | €1,819 | -€13,175 | -87.9% |
| Other amounts receivable | 41 | €10,936 | €7,262 | -€3,674 | -33.6% |
| Cash at bank and in hand | 54/58 | €56,977 | €84,399 | +€27,422 | +48.1% |
| Deferred charges and accrued income | 490/1 | €299 | €299 | = | 0.0% |
| Total equity and liabilities | 10/49 | €95,191 | €101,359 | +€6,168 | +6.5% |
| Equity | 10/15 | €70,100 | €82,643 | +€12,543 | +17.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,100 | €78,643 | +€12,543 | +19.0% |
| Amounts payable | 17/49 | €25,091 | €18,716 | -€6,375 | -25.4% |
| Amounts payable within one year | 42/48 | €25,091 | €18,716 | -€6,375 | -25.4% |
| Trade debts | 44 | €15,261 | €9,043 | -€6,218 | -40.7% |
| Suppliers | 440/4 | €15,261 | €9,043 | -€6,218 | -40.7% |
| Taxes, remuneration and social security | 45 | €8,748 | €9,393 | +€645 | +7.4% |
| Taxes | 450/3 | €8,703 | €8,927 | +€224 | +2.6% |
| Remuneration and social security | 454/9 | €44 | €465 | +€421 | +949% |
| Other amounts payable | 47/48 | €1,082 | €280 | -€802 | -74.1% |
| Remuneration, social security and pensions | 62 | €6,524 | €3,883 | -€2,641 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,419 | €5,302 | +€1,883 | +55.1% |
| Other operating charges | 640/8 | €1,573 | €2,094 | +€521 | +33.1% |
| Gross operating margin | 9900 | €43,893 | €22,091 | -€21,802 | -49.7% |
| Operating profit (loss) | 9901 | €32,377 | €10,813 | -€21,564 | -66.6% |
| Financial income | 75/76B | - | €1,902 | +€1,902 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Non-recurring financial income | 76B | - | €1,896 | +€1,896 | |
| Financial charges | 65/66B | €68 | €172 | +€104 | +154% |
| Recurring financial charges | 65 | €68 | €172 | +€104 | +154% |
| Profit (loss) for the period before taxes | 9903 | €32,310 | €12,543 | -€19,767 | -61.2% |
| Income taxes | 67/77 | €8,100 | - | -€8,100 | |
| Profit (loss) for the period | 9904 | €24,210 | €12,543 | -€11,667 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,210 | €12,543 | -€11,667 | -48.2% |
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 30 October 2026 via checked.be.