NELIO: 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.
NELIO
Largest movements
- Tangible fixed assets -€636,889
no longer reported in 2025 (was €636,889)
of which Land and buildings: -€635,512
- Debts after one year -€451,203
no longer reported in 2025 (was €451,203)
- Other debts -€268,442
down €268,442 (-99.9%), from €268,666 to €224
- Profit (loss) carried forward +€116,481
up €116,481, from -€112,613 to €3,868
- Current portion of long-term debt -€25,126
no longer reported in 2025 (was €25,126)
- Gross operating margin +€146,495
up €146,495 (+414.6%), from €35,338 to €181,833
- Depreciation -€17,464
no longer reported in 2025 (was €17,464)
- Taxes +€16,400
new in 2025: €16,400
- Financial charges -€8,104
down €8,104 (-97.7%), from €8,291 to €187
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 | €638,612 | €6,192 | -€632,420 | -99.0% |
| Fixed assets | 21/28 | €636,889 | - | -€636,889 | |
| Tangible fixed assets | 22/27 | €636,889 | - | -€636,889 | |
| Land and buildings | 22 | €635,512 | - | -€635,512 | |
| Plant, machinery and equipment | 23 | €973 | - | -€973 | |
| Furniture and vehicles | 24 | €404 | - | -€404 | |
| Current assets | 29/58 | €1,723 | €6,192 | +€4,469 | +259.4% |
| Cash at bank and in hand | 54/58 | €1,723 | €6,192 | +€4,469 | +259.4% |
| Total equity and liabilities | 10/49 | €638,612 | €6,192 | -€632,420 | -99.0% |
| Equity | 10/15 | -€110,513 | €5,968 | +€116,481 | |
| Contributions | 10/11 | €2,100 | €2,100 | = | 0.0% |
| Capital | 10 | €2,100 | €2,100 | = | 0.0% |
| Issued capital | 100 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,613 | €3,868 | +€116,481 | |
| Amounts payable | 17/49 | €749,125 | €224 | -€748,901 | -100.0% |
| Amounts payable after more than one year | 17 | €451,203 | - | -€451,203 | |
| Financial debts | 170/4 | €451,203 | - | -€451,203 | |
| Amounts payable within one year | 42/48 | €297,922 | €224 | -€297,698 | -99.9% |
| Current portion of amounts payable after more than one year | 42 | €25,126 | - | -€25,126 | |
| Trade debts | 44 | €4,130 | - | -€4,130 | |
| Suppliers | 440/4 | €4,130 | - | -€4,130 | |
| Other amounts payable | 47/48 | €268,666 | €224 | -€268,442 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,464 | - | -€17,464 | |
| Other operating charges | 640/8 | €4,409 | €3,765 | -€644 | -14.6% |
| Gross operating margin | 9900 | €35,338 | €181,833 | +€146,495 | +414.6% |
| Operating profit (loss) | 9901 | €13,465 | €178,068 | +€164,603 | +1222.5% |
| Financial charges | 65/66B | €8,291 | €187 | -€8,104 | -97.7% |
| Recurring financial charges | 65 | €8,291 | €187 | -€8,104 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | €5,174 | €177,881 | +€172,707 | +3338.0% |
| Income taxes | 67/77 | - | €16,400 | +€16,400 | |
| Profit (loss) for the period | 9904 | €5,174 | €161,481 | +€156,307 | +3021.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,174 | €161,481 | +€156,307 | +3021.0% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.