Nelis Vastgoed: 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 Vastgoed
Largest movements
- Cash +€74,957
up €74,957 (+124%), from €60,678 to €135,634
mainly Other debts (+€230,055) and Net result for the year (+€107,673)
- Other debts +€230,055
up €230,055, from €0 to €230,055
- Reserves -€168,218
down €168,218 (-100%), from €168,218 to €0
- Tax, wage and social debts +€36,359
up €36,359 (+138%), from €26,380 to €62,739
- Debts after one year -€21,676
down €21,676 (-100%), from €21,676 to €0
- Current portion of long-term debt -€6,927
down €6,927 (-24.2%), from €28,603 to €21,676
- Gross operating margin +€41,566
up €41,566 (+37.0%), from €112,255 to €153,821
- Taxes +€10,078
up €10,078 (+36.1%), from €27,890 to €37,968
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 | €264,407 | €338,139 | +€73,732 | +27.9% |
| Fixed assets | 21/28 | €201,412 | €201,460 | +€48 | 0.0% |
| Tangible fixed assets | 22/27 | €6,412 | €6,460 | +€48 | +0.8% |
| Plant, machinery and equipment | 23 | €859 | €1,569 | +€710 | +82.7% |
| Furniture and vehicles | 24 | €3,021 | €2,103 | -€918 | -30.4% |
| Other tangible fixed assets | 26 | €2,532 | €2,788 | +€256 | +10.1% |
| Financial fixed assets | 28 | €195,000 | €195,000 | = | 0.0% |
| Current assets | 29/58 | €62,995 | €136,679 | +€73,684 | +117% |
| Amounts receivable within one year | 40/41 | €971 | €1,032 | +€61 | +6.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €971 | €1,032 | +€61 | +6.3% |
| Cash at bank and in hand | 54/58 | €60,678 | €135,634 | +€74,957 | +124% |
| Deferred charges and accrued income | 490/1 | €1,346 | €13 | -€1,334 | -99.1% |
| Total equity and liabilities | 10/49 | €264,407 | €338,139 | +€73,732 | +27.9% |
| Equity | 10/15 | €186,768 | €18,550 | -€168,218 | -90.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €168,218 | €0 | -€168,218 | -100% |
| Distributable reserves | 133 | €168,218 | €0 | -€168,218 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,639 | €319,589 | +€241,951 | +312% |
| Amounts payable after more than one year | 17 | €21,676 | €0 | -€21,676 | -100% |
| Financial debts | 170/4 | €21,676 | €0 | -€21,676 | -100% |
| Amounts payable within one year | 42/48 | €55,963 | €319,227 | +€263,264 | +470% |
| Current portion of amounts payable after more than one year | 42 | €28,603 | €21,676 | -€6,927 | -24.2% |
| Trade debts | 44 | €979 | €4,756 | +€3,777 | +386% |
| Suppliers | 440/4 | €979 | €4,756 | +€3,777 | +386% |
| Taxes, remuneration and social security | 45 | €26,380 | €62,739 | +€36,359 | +138% |
| Taxes | 450/3 | €26,380 | €62,739 | +€36,359 | +138% |
| Other amounts payable | 47/48 | €0 | €230,055 | +€230,055 | |
| Accrued charges and deferred income | 492/3 | €0 | €363 | +€363 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,213 | €2,687 | +€474 | +21.4% |
| Other operating charges | 640/8 | €1,203 | €1,276 | +€73 | +6.1% |
| Non-recurring operating charges | 66A | €0 | €118 | +€118 | |
| Gross operating margin | 9900 | €112,255 | €153,821 | +€41,566 | +37.0% |
| Operating profit (loss) | 9901 | €108,838 | €149,740 | +€40,902 | +37.6% |
| Financial income | 75/76B | €113 | €0 | -€113 | -100% |
| Recurring financial income | 75 | €113 | €0 | -€113 | -100% |
| Financial charges | 65/66B | €3,430 | €4,100 | +€670 | +19.5% |
| Recurring financial charges | 65 | €3,430 | €4,100 | +€670 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €105,521 | €145,641 | +€40,119 | +38.0% |
| Income taxes | 67/77 | €27,890 | €37,968 | +€10,078 | +36.1% |
| Profit (loss) for the period | 9904 | €77,632 | €107,673 | +€30,041 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,632 | €107,673 | +€30,041 | +38.7% |
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 26 October 2026 via checked.be.