NELFID: what changed
Two fiscal 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.
NELFID
Largest movements
- Cash -€300,941
down €300,941 (-65.4%), from €460,360 to €159,419
mainly Current investments (-€300,000) and Trade debts (-€13,112)
- Current investments +€300,000
new in 2025: €300,000
- Receivables within one year +€8,479
up €8,479 (+18.0%), from €47,119 to €55,599
of which Trade receivables: +€7,956
- Tangible fixed assets -€7,762
down €7,762 (-21.5%), from €36,047 to €28,285
- Trade debts -€13,112
down €13,112 (-95.8%), from €13,692 to €580
- Tax, wage and social debts +€6,561
up €6,561 (+47.9%), from €13,699 to €20,259
of which Taxes: +€7,557
- Gross operating margin +€7,450
up €7,450 (+7.9%), from €93,836 to €101,286
- Taxes -€6,955
down €6,955, from €5,392 to -€1,563
- Financial income +€5,438
up €5,438 (+112.8%), from €4,820 to €10,258
- Depreciation +€4,998
up €4,998 (+180.8%), from €2,765 to €7,762
- Staff costs +€4,107
up €4,107 (+4.3%), from €95,029 to €99,137
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.
Cash bridge derived
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 | €545,356 | €546,017 | +€661 | +0.1% |
| Fixed assets | 21/28 | €36,047 | €28,285 | -€7,762 | -21.5% |
| Tangible fixed assets | 22/27 | €36,047 | €28,285 | -€7,762 | -21.5% |
| Furniture and vehicles | 24 | €36,047 | €28,285 | -€7,762 | -21.5% |
| Current assets | 29/58 | €509,309 | €517,732 | +€8,423 | +1.7% |
| Amounts receivable within one year | 40/41 | €47,119 | €55,599 | +€8,479 | +18.0% |
| Trade receivables | 40 | €42,774 | €50,729 | +€7,956 | +18.6% |
| Other amounts receivable | 41 | €4,346 | €4,869 | +€524 | +12.0% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €460,360 | €159,419 | -€300,941 | -65.4% |
| Deferred charges and accrued income | 490/1 | €1,829 | €2,714 | +€885 | +48.4% |
| Total equity and liabilities | 10/49 | €545,356 | €546,017 | +€661 | +0.1% |
| Equity | 10/15 | €506,246 | €510,138 | +€3,891 | +0.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €132,000 | €135,891 | +€3,891 | +2.9% |
| Distributable reserves | 133 | €132,000 | €135,891 | +€3,891 | +2.9% |
| Profit (loss) carried forward | 14 | €354,246 | €354,246 | = | 0.0% |
| Amounts payable | 17/49 | €39,110 | €35,879 | -€3,230 | -8.3% |
| Amounts payable within one year | 42/48 | €38,357 | €32,333 | -€6,024 | -15.7% |
| Trade debts | 44 | €13,692 | €580 | -€13,112 | -95.8% |
| Suppliers | 440/4 | €13,692 | €580 | -€13,112 | -95.8% |
| Taxes, remuneration and social security | 45 | €13,699 | €20,259 | +€6,561 | +47.9% |
| Taxes | 450/3 | €7,371 | €14,928 | +€7,557 | +102.5% |
| Remuneration and social security | 454/9 | €6,328 | €5,331 | -€997 | -15.8% |
| Other amounts payable | 47/48 | €10,966 | €11,493 | +€527 | +4.8% |
| Accrued charges and deferred income | 492/3 | €753 | €3,546 | +€2,794 | +371.2% |
| Non-recurring operating income | 76A | €4,281 | - | -€4,281 | |
| Remuneration, social security and pensions | 62 | €95,029 | €99,137 | +€4,107 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,765 | €7,762 | +€4,998 | +180.8% |
| Other operating charges | 640/8 | €586 | €646 | +€60 | +10.3% |
| Gross operating margin | 9900 | €93,836 | €101,286 | +€7,450 | +7.9% |
| Operating profit (loss) | 9901 | -€4,544 | -€6,259 | -€1,715 | -37.8% |
| Financial income | 75/76B | €4,820 | €10,258 | +€5,438 | +112.8% |
| Recurring financial income | 75 | €4,820 | €10,258 | +€5,438 | +112.8% |
| Financial charges | 65/66B | €2,917 | €1,670 | -€1,247 | -42.7% |
| Recurring financial charges | 65 | €2,917 | €1,670 | -€1,247 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,641 | €2,328 | +€4,969 | |
| Income taxes | 67/77 | €5,392 | -€1,563 | -€6,955 | |
| Profit (loss) for the period | 9904 | -€8,033 | €3,891 | +€11,924 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,033 | €3,891 | +€11,924 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.