NELIS: 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.
What changed
NELIS
NACE 47.210, Retail sale of fruit and vegetables
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
-€192,992
31-12-2024 · -€44,613-€148,380
Equity
€639,062
31-12-2024 · €832,054-€192,992
Cash
€63,556
31-12-2024 · €261,035-€197,479
Balance sheet total
€1.1m
31-12-2024 · €1.3m-€222,809
Largest movements
Assets
- Cash -€197,479
down €197,479 (-75.7%), from €261,035 to €63,556
mainly Net result for the year (-€192,992) and Investment in fixed assets (net) (-€23,492)
- Tangible fixed assets -€20,213
down €20,213 (-2.2%), from €933,949 to €913,736
of which Land and buildings: -€15,363
Equity and liabilities
- Profit (loss) carried forward -€183,006
down €183,006, from €29,333 to -€153,673
- Other debts -€13,747
down €13,747 (-5.1%), from €266,974 to €253,227
Income statement
- Taxes +€147,019
up €147,019 (+9,713%), from €1,514 to €148,533
- Financial income -€4,450
down €4,450 (-98.5%), from €4,516 to €65
- Other operating charges -€3,786
down €3,786 (-63.2%), from €5,991 to €2,205
- Depreciation +€1,608
up €1,608 (+3.5%), from €46,550 to €48,158
- Gross operating margin +€973
up €973 (+21.9%), from €4,437 to €5,410
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
-€44,613
Gross operating margin
+€973
Staff costs
-€19
Depreciation
-€1,608
Other operating charges
+€3,786
Financial income
-€4,450
Financial charges
+€72
Taxes
-€147,019
Deferred taxes and other
-€114
Result 31-12-2025
-€192,992
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€161,416
Investment
-€23,492
Financing
-€12,571
Cash 31-12-2024
€261,035
From operations (derived)
-€161,416
Net result for the year
-€192,992
Depreciation
+€48,158
Smaller working-capital items
-€506
Deferred charges and accrued income
+€707
Provisions
-€3,325
Trade debts
+€975
Other debts
-€13,747
Accrued charges and deferred income
-€687
Investment (derived)
-€23,492
Investment in fixed assets (net)
-€23,492
Financing
-€12,571
Debts after one year
-€12,767
Current portion of long-term debt
+€196
Cash 31-12-2025
€63,556
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,302,287 | €1,079,477 | -€222,809 | -17.1% |
| Formation expenses | 20 | €6,572 | €5,347 | -€1,225 | -18.6% |
| Fixed assets | 21/28 | €1,018,502 | €995,061 | -€23,441 | -2.3% |
| Intangible fixed assets | 21 | €83,497 | €80,270 | -€3,227 | -3.9% |
| Tangible fixed assets | 22/27 | €933,949 | €913,736 | -€20,213 | -2.2% |
| Land and buildings | 22 | €922,312 | €906,949 | -€15,363 | -1.7% |
| Plant, machinery and equipment | 23 | €1,079 | €811 | -€268 | -24.9% |
| Furniture and vehicles | 24 | €10,558 | €5,976 | -€4,582 | -43.4% |
| Financial fixed assets | 28 | €1,056 | €1,056 | = | 0.0% |
| Current assets | 29/58 | €277,213 | €79,069 | -€198,144 | -71.5% |
| Amounts receivable within one year | 40/41 | €15,273 | €15,315 | +€42 | +0.3% |
| Trade receivables | 40 | €1,048 | - | -€1,048 | |
| Other amounts receivable | 41 | €14,225 | €15,315 | +€1,090 | +7.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €261,035 | €63,556 | -€197,479 | -75.7% |
| Deferred charges and accrued income | 490/1 | €905 | €198 | -€707 | -78.2% |
| Total equity and liabilities | 10/49 | €1,302,287 | €1,079,477 | -€222,809 | -17.1% |
| Equity | 10/15 | €832,054 | €639,062 | -€192,992 | -23.2% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Capital | 10 | €37,200 | - | -€37,200 | |
| Issued capital | 100 | €37,200 | - | -€37,200 | |
| Contributions outside capital | 11 | - | €37,200 | +€37,200 | |
| Other | 1109/19 | - | €37,200 | +€37,200 | |
| Reserves | 13 | €765,521 | €755,535 | -€9,986 | -1.3% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Legal reserve | 130 | €3,720 | €3,720 | = | 0.0% |
| Tax-exempt reserves | 132 | €612,703 | €602,717 | -€9,986 | -1.6% |
| Distributable reserves | 133 | €149,098 | €149,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,333 | -€153,673 | -€183,006 | |
| Provisions and deferred taxes | 16 | €41,598 | €38,274 | -€3,325 | -8.0% |
| Deferred taxes | 168 | €41,598 | €38,274 | -€3,325 | -8.0% |
| Amounts payable | 17/49 | €428,634 | €402,142 | -€26,492 | -6.2% |
| Amounts payable after more than one year | 17 | €146,903 | €134,136 | -€12,767 | -8.7% |
| Financial debts | 170/4 | €146,903 | €134,136 | -€12,767 | -8.7% |
| Amounts payable within one year | 42/48 | €281,044 | €268,005 | -€13,039 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €12,571 | €12,767 | +€196 | +1.6% |
| Trade debts | 44 | €877 | €1,852 | +€975 | +111% |
| Suppliers | 440/4 | €877 | €1,852 | +€975 | +111% |
| Taxes, remuneration and social security | 45 | €623 | €159 | -€463 | -74.4% |
| Taxes | 450/3 | €623 | €159 | -€463 | -74.4% |
| Other amounts payable | 47/48 | €266,974 | €253,227 | -€13,747 | -5.1% |
| Accrued charges and deferred income | 492/3 | €687 | - | -€687 | |
| Remuneration, social security and pensions | 62 | - | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,550 | €48,158 | +€1,608 | +3.5% |
| Other operating charges | 640/8 | €5,991 | €2,205 | -€3,786 | -63.2% |
| Gross operating margin | 9900 | €4,437 | €5,410 | +€973 | +21.9% |
| Operating profit (loss) | 9901 | -€48,104 | -€44,972 | +€3,132 | +6.5% |
| Financial income | 75/76B | €4,516 | €65 | -€4,450 | -98.5% |
| Recurring financial income | 75 | €4,516 | €65 | -€4,450 | -98.5% |
| Financial charges | 65/66B | €2,949 | €2,878 | -€72 | -2.4% |
| Recurring financial charges | 65 | €2,949 | €2,878 | -€72 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | -€46,538 | -€47,784 | -€1,246 | -2.7% |
| Transfer from deferred taxes | 780 | €3,439 | €3,325 | -€114 | -3.3% |
| Income taxes | 67/77 | €1,514 | €148,533 | +€147,019 | +9,713% |
| Profit (loss) for the period | 9904 | -€44,613 | -€192,992 | -€148,380 | -333% |
| Transfer from tax-exempt reserves | 789 | €10,328 | €9,986 | -€342 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,284 | -€183,006 | -€148,722 | -434% |
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 15 October 2026 via checked.be.