Nelen Consult: 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.
Nelen Consult
Largest movements
- Receivables after one year -€9,871
down €9,871 (-90.7%), from €10,883 to €1,012
- Tangible fixed assets -€9,512
down €9,512 (-80.2%), from €11,864 to €2,352
of which Furniture and vehicles: -€9,310
- Cash +€7,784
up €7,784 (+91.7%), from €8,486 to €16,270
mainly Receivables after one year (+€9,871) and Depreciation (+€9,512)
- Receivables within one year +€3,762
up €3,762 (+110%), from €3,426 to €7,188
of which Trade receivables: +€6,449
- Reserves -€5,260
down €5,260 (-45.6%), from €11,537 to €6,277
- Current portion of long-term debt -€3,742
down €3,742 (-100%), from €3,742 to €0
- Other debts +€1,190
up €1,190 (+10.1%), from €11,765 to €12,955
- Trade debts +€771
up €771 (+341%), from €226 to €997
- Tax, wage and social debts -€617
down €617 (-24.9%), from €2,478 to €1,860
- Depreciation -€4,311
down €4,311 (-31.2%), from €13,824 to €9,512
- Gross operating margin +€3,684
up €3,684 (+26.2%), from €14,068 to €17,752
- Financial income -€348
down €348 (-64.5%), from €539 to €191
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 | €34,747 | €27,089 | -€7,658 | -22.0% |
| Fixed assets | 21/28 | €11,952 | €2,440 | -€9,512 | -79.6% |
| Tangible fixed assets | 22/27 | €11,864 | €2,352 | -€9,512 | -80.2% |
| Plant, machinery and equipment | 23 | €202 | €0 | -€202 | -100% |
| Furniture and vehicles | 24 | €11,662 | €2,352 | -€9,310 | -79.8% |
| Financial fixed assets | 28 | €88 | €88 | = | 0.0% |
| Current assets | 29/58 | €22,795 | €24,650 | +€1,855 | +8.1% |
| Amounts receivable after more than one year | 29 | €10,883 | €1,012 | -€9,871 | -90.7% |
| Other amounts receivable | 291 | €10,883 | €1,012 | -€9,871 | -90.7% |
| Amounts receivable within one year | 40/41 | €3,426 | €7,188 | +€3,762 | +110% |
| Trade receivables | 40 | - | €6,449 | +€6,449 | |
| Other amounts receivable | 41 | €3,426 | €739 | -€2,687 | -78.4% |
| Cash at bank and in hand | 54/58 | €8,486 | €16,270 | +€7,784 | +91.7% |
| Deferred charges and accrued income | 490/1 | €0 | €180 | +€180 | |
| Total equity and liabilities | 10/49 | €34,747 | €27,089 | -€7,658 | -22.0% |
| Equity | 10/15 | €16,537 | €11,277 | -€5,260 | -31.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,537 | €6,277 | -€5,260 | -45.6% |
| Distributable reserves | 133 | €11,537 | €6,277 | -€5,260 | -45.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,210 | €15,813 | -€2,398 | -13.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €18,210 | €15,813 | -€2,398 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €3,742 | €0 | -€3,742 | -100% |
| Trade debts | 44 | €226 | €997 | +€771 | +341% |
| Suppliers | 440/4 | €226 | €997 | +€771 | +341% |
| Taxes, remuneration and social security | 45 | €2,478 | €1,860 | -€617 | -24.9% |
| Taxes | 450/3 | €2,478 | €1,860 | -€617 | -24.9% |
| Other amounts payable | 47/48 | €11,765 | €12,955 | +€1,190 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,824 | €9,512 | -€4,311 | -31.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €14,068 | €17,752 | +€3,684 | +26.2% |
| Operating profit (loss) | 9901 | -€261 | €7,720 | +€7,981 | |
| Financial income | 75/76B | €539 | €191 | -€348 | -64.5% |
| Recurring financial income | 75 | €539 | €191 | -€348 | -64.5% |
| Financial charges | 65/66B | €186 | €75 | -€110 | -59.4% |
| Recurring financial charges | 65 | €186 | €75 | -€110 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €92 | €7,835 | +€7,743 | +8,430% |
| Income taxes | 67/77 | €154 | €140 | -€13 | -8.7% |
| Profit (loss) for the period | 9904 | -€62 | €7,695 | +€7,757 | |
| Profit (loss) for the period to be appropriated | 9905 | -€62 | €7,695 | +€7,757 |
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 17 October 2026 via checked.be.