NELENCO: 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.
NELENCO
Largest movements
- Receivables within one year +€83,305
up €83,305 (+191%), from €43,538 to €126,842
of which Trade receivables: +€125,129
- Tangible fixed assets -€55,718
down €55,718 (-5.0%), from €1.1m to €1.1m
- Reserves +€69,614
up €69,614 (+12.2%), from €572,842 to €642,456
of which Distributable reserves: +€69,614
- Debts after one year -€58,713
down €58,713 (-10.4%), from €566,262 to €507,550
- Tax, wage and social debts +€21,010
up €21,010 (+190%), from €11,038 to €32,047
- Gross operating margin +€39,215
up €39,215 (+21.2%), from €184,626 to €223,841
- Taxes +€11,809
up €11,809 (+50.9%), from €23,220 to €35,029
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 | €1,228,408 | €1,264,618 | +€36,210 | +2.9% |
| Fixed assets | 21/28 | €1,122,104 | €1,066,386 | -€55,718 | -5.0% |
| Tangible fixed assets | 22/27 | €1,117,104 | €1,061,386 | -€55,718 | -5.0% |
| Land and buildings | 22 | €1,117,104 | €1,061,386 | -€55,718 | -5.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €106,304 | €198,232 | +€91,928 | +86.5% |
| Amounts receivable within one year | 40/41 | €43,538 | €126,842 | +€83,305 | +191% |
| Trade receivables | 40 | €294 | €125,423 | +€125,129 | +42,606% |
| Other amounts receivable | 41 | €43,244 | €1,419 | -€41,824 | -96.7% |
| Cash at bank and in hand | 54/58 | €61,514 | €70,231 | +€8,717 | +14.2% |
| Deferred charges and accrued income | 490/1 | €1,253 | €1,159 | -€94 | -7.5% |
| Total equity and liabilities | 10/49 | €1,228,408 | €1,264,618 | +€36,210 | +2.9% |
| Equity | 10/15 | €591,442 | €661,056 | +€69,614 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €572,842 | €642,456 | +€69,614 | +12.2% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €554,092 | €623,706 | +€69,614 | +12.6% |
| Amounts payable | 17/49 | €636,967 | €603,562 | -€33,405 | -5.2% |
| Amounts payable after more than one year | 17 | €566,262 | €507,550 | -€58,713 | -10.4% |
| Financial debts | 170/4 | €566,262 | €507,550 | -€58,713 | -10.4% |
| Amounts payable within one year | 42/48 | €70,704 | €96,012 | +€25,308 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €58,068 | €62,276 | +€4,208 | +7.2% |
| Trade debts | 44 | €1,599 | €1,689 | +€90 | +5.6% |
| Suppliers | 440/4 | €1,599 | €1,689 | +€90 | +5.6% |
| Taxes, remuneration and social security | 45 | €11,038 | €32,047 | +€21,010 | +190% |
| Taxes | 450/3 | €11,038 | €32,047 | +€21,010 | +190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,681 | €55,718 | +€37 | +0.1% |
| Other operating charges | 640/8 | €8,691 | €6,856 | -€1,835 | -21.1% |
| Gross operating margin | 9900 | €184,626 | €223,841 | +€39,215 | +21.2% |
| Operating profit (loss) | 9901 | €120,255 | €161,267 | +€41,012 | +34.1% |
| Financial income | 75/76B | - | €130 | +€130 | |
| Recurring financial income | 75 | - | €130 | +€130 | |
| Financial charges | 65/66B | €8,351 | €6,754 | -€1,598 | -19.1% |
| Recurring financial charges | 65 | €8,351 | €6,754 | -€1,598 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €111,903 | €154,643 | +€42,740 | +38.2% |
| Income taxes | 67/77 | €23,220 | €35,029 | +€11,809 | +50.9% |
| Profit (loss) for the period | 9904 | €88,684 | €119,614 | +€30,931 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €88,684 | €119,614 | +€30,931 | +34.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.