NELEN LOGISTICS: 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 LOGISTICS
Largest movements
- Cash +€22,401
up €22,401 (+25.8%), from €86,804 to €109,204
mainly Trade debts (+€16,023) and Receivables within one year (+€13,896)
- Receivables within one year -€13,896
down €13,896 (-46.1%), from €30,129 to €16,233
of which Trade receivables: -€30,129
- Trade debts +€16,023
new in 2025: €16,023
- Tax, wage and social debts -€14,039
down €14,039 (-53.3%), from €26,350 to €12,311
- Profit (loss) carried forward +€8,437
up €8,437 (+1,394%), from €605 to €9,043
- Other debts -€1,918
no longer reported in 2025 (was €1,918)
- Taxes -€6,147
down €6,147 (-26.6%), from €23,084 to €16,937
- Gross operating margin +€2,592
up €2,592 (+10.7%), from €24,288 to €26,881
- Financial income +€1,065
new in 2025: €1,065
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 | €116,933 | €125,437 | +€8,504 | +7.3% |
| Current assets | 29/58 | €116,933 | €125,437 | +€8,504 | +7.3% |
| Amounts receivable within one year | 40/41 | €30,129 | €16,233 | -€13,896 | -46.1% |
| Trade receivables | 40 | €30,129 | - | -€30,129 | |
| Other amounts receivable | 41 | - | €16,233 | +€16,233 | |
| Cash at bank and in hand | 54/58 | €86,804 | €109,204 | +€22,401 | +25.8% |
| Total equity and liabilities | 10/49 | €116,933 | €125,437 | +€8,504 | +7.3% |
| Equity | 10/15 | €88,665 | €97,103 | +€8,437 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €81,860 | €81,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €605 | €9,043 | +€8,437 | +1,394% |
| Amounts payable | 17/49 | €28,268 | €28,334 | +€67 | +0.2% |
| Amounts payable within one year | 42/48 | €28,268 | €28,334 | +€67 | +0.2% |
| Trade debts | 44 | - | €16,023 | +€16,023 | |
| Suppliers | 440/4 | - | €16,023 | +€16,023 | |
| Taxes, remuneration and social security | 45 | €26,350 | €12,311 | -€14,039 | -53.3% |
| Taxes | 450/3 | €26,350 | €12,311 | -€14,039 | -53.3% |
| Other amounts payable | 47/48 | €1,918 | - | -€1,918 | |
| Remuneration, social security and pensions | 62 | €2,037 | €2,232 | +€195 | +9.6% |
| Other operating charges | 640/8 | €168 | €186 | +€18 | +10.5% |
| Gross operating margin | 9900 | €24,288 | €26,881 | +€2,592 | +10.7% |
| Operating profit (loss) | 9901 | €22,083 | €24,463 | +€2,380 | +10.8% |
| Financial income | 75/76B | - | €1,065 | +€1,065 | |
| Recurring financial income | 75 | - | €1,065 | +€1,065 | |
| Financial charges | 65/66B | €19 | €153 | +€134 | +718% |
| Recurring financial charges | 65 | €19 | €153 | +€134 | +718% |
| Profit (loss) for the period before taxes | 9903 | €22,064 | €25,374 | +€3,310 | +15.0% |
| Income taxes | 67/77 | €23,084 | €16,937 | -€6,147 | -26.6% |
| Profit (loss) for the period | 9904 | -€1,020 | €8,437 | +€9,458 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,020 | €8,437 | +€9,458 |
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.