Nelis Tom: 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.
Nelis Tom
Largest movements
- Cash -€21,547
down €21,547 (-17.9%), from €120,237 to €98,690
mainly Contributions, distributions and other (-€16,707) and Other debts (-€15,308)
- Receivables within one year +€4,913
up €4,913 (+23.1%), from €21,283 to €26,196
of which Trade receivables: +€4,681
- Tangible fixed assets -€4,435
down €4,435 (-23.6%), from €18,795 to €14,360
of which Furniture and vehicles: -€2,939
- Other debts -€15,308
down €15,308 (-41.1%), from €37,250 to €21,943
- Trade debts -€2,199
down €2,199 (-47.5%), from €4,628 to €2,429
- Tax, wage and social debts -€2,051
down €2,051 (-71.1%), from €2,887 to €835
- Reserves -€1,936
down €1,936 (-1.7%), from €112,659 to €110,723
- Gross operating margin -€31,342
down €31,342 (-50.4%), from €62,214 to €30,873
- Taxes -€7,369
down €7,369 (-52.9%), from €13,932 to €6,563
- Depreciation +€1,820
up €1,820 (+32.6%), from €5,590 to €7,410
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 | €167,463 | €145,953 | -€21,510 | -12.8% |
| Fixed assets | 21/28 | €18,870 | €14,435 | -€4,435 | -23.5% |
| Tangible fixed assets | 22/27 | €18,795 | €14,360 | -€4,435 | -23.6% |
| Furniture and vehicles | 24 | €13,551 | €10,612 | -€2,939 | -21.7% |
| Other tangible fixed assets | 26 | €5,245 | €3,748 | -€1,496 | -28.5% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €148,593 | €131,518 | -€17,074 | -11.5% |
| Stocks and contracts in progress | 3 | €3,559 | €2,940 | -€619 | -17.4% |
| Stocks | 30/36 | €3,559 | €2,940 | -€619 | -17.4% |
| Amounts receivable within one year | 40/41 | €21,283 | €26,196 | +€4,913 | +23.1% |
| Trade receivables | 40 | €14,679 | €19,360 | +€4,681 | +31.9% |
| Other amounts receivable | 41 | €6,604 | €6,836 | +€233 | +3.5% |
| Cash at bank and in hand | 54/58 | €120,237 | €98,690 | -€21,547 | -17.9% |
| Deferred charges and accrued income | 490/1 | €3,513 | €3,692 | +€178 | +5.1% |
| Total equity and liabilities | 10/49 | €167,463 | €145,953 | -€21,510 | -12.8% |
| Equity | 10/15 | €122,659 | €120,723 | -€1,936 | -1.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €112,659 | €110,723 | -€1,936 | -1.7% |
| Distributable reserves | 133 | €112,659 | €110,723 | -€1,936 | -1.7% |
| Amounts payable | 17/49 | €44,803 | €25,230 | -€19,574 | -43.7% |
| Amounts payable within one year | 42/48 | €44,765 | €25,207 | -€19,558 | -43.7% |
| Trade debts | 44 | €4,628 | €2,429 | -€2,199 | -47.5% |
| Suppliers | 440/4 | €4,628 | €2,429 | -€2,199 | -47.5% |
| Taxes, remuneration and social security | 45 | €2,887 | €835 | -€2,051 | -71.1% |
| Taxes | 450/3 | €2,887 | €835 | -€2,051 | -71.1% |
| Other amounts payable | 47/48 | €37,250 | €21,943 | -€15,308 | -41.1% |
| Accrued charges and deferred income | 492/3 | €39 | €23 | -€16 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,590 | €7,410 | +€1,820 | +32.6% |
| Other operating charges | 640/8 | €1,460 | €1,592 | +€133 | +9.1% |
| Gross operating margin | 9900 | €62,214 | €30,873 | -€31,342 | -50.4% |
| Operating profit (loss) | 9901 | €55,165 | €21,871 | -€33,294 | -60.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -87.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -87.5% |
| Financial charges | 65/66B | €688 | €537 | -€151 | -21.9% |
| Recurring financial charges | 65 | €688 | €537 | -€151 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €54,478 | €21,334 | -€33,144 | -60.8% |
| Income taxes | 67/77 | €13,932 | €6,563 | -€7,369 | -52.9% |
| Profit (loss) for the period | 9904 | €40,545 | €14,771 | -€25,774 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,545 | €14,771 | -€25,774 | -63.6% |
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 31 October 2026 via checked.be.