NELISSEN: 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.
NELISSEN
Largest movements
- Cash +€814,750
up €814,750 (+492%), from €165,737 to €980,487
mainly Net result for the year (+€1.6m) and Tax, wage and social debts (+€85,545)
- Financial fixed assets +€645,447
up €645,447 (+62.1%), from €1.0m to €1.7m
- Tangible fixed assets -€116,145
down €116,145 (-10.7%), from €1.1m to €970,453
of which Land and buildings: -€179,109
- Reserves +€1.6m
up €1.6m (+96.2%), from €1.6m to €3.2m
of which Distributable reserves: +€1.6m
- Other debts -€250,284
down €250,284 (-52.5%), from €476,294 to €226,010
- Tax, wage and social debts +€85,545
up €85,545 (+282%), from €30,367 to €115,912
- Debts after one year -€37,487
down €37,487 (-36.9%), from €101,651 to €64,164
- Financial income +€1.6m
up €1.6m (+3,083%), from €52,171 to €1.7m
of which Financial income: +€1.6m
- Gross operating margin -€203,431
down €203,431 (-56.6%), from €359,658 to €156,226
- Taxes +€55,017
up €55,017 (+56.6%), from €97,284 to €152,301
- Other operating charges +€22,854
up €22,854 (+395%), from €5,779 to €28,633
- Financial charges -€18,033
down €18,033 (-66.6%), from €27,071 to €9,038
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 | €2,302,331 | €3,667,308 | +€1.4m | +59.3% |
| Fixed assets | 21/28 | €2,125,812 | €2,655,115 | +€529,303 | +24.9% |
| Tangible fixed assets | 22/27 | €1,086,598 | €970,453 | -€116,145 | -10.7% |
| Land and buildings | 22 | €1,052,707 | €873,598 | -€179,109 | -17.0% |
| Plant, machinery and equipment | 23 | €22,009 | €17,995 | -€4,014 | -18.2% |
| Furniture and vehicles | 24 | €9,238 | €76,216 | +€66,979 | +725% |
| Other tangible fixed assets | 26 | €2,645 | €2,645 | = | 0.0% |
| Financial fixed assets | 28 | €1,039,215 | €1,684,662 | +€645,447 | +62.1% |
| Current assets | 29/58 | €176,519 | €1,012,193 | +€835,674 | +473% |
| Amounts receivable within one year | 40/41 | €7,810 | €27,415 | +€19,604 | +251% |
| Trade receivables | 40 | €7,810 | €7,415 | -€396 | -5.1% |
| Other amounts receivable | 41 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €165,737 | €980,487 | +€814,750 | +492% |
| Deferred charges and accrued income | 490/1 | €2,972 | €4,291 | +€1,320 | +44.4% |
| Total equity and liabilities | 10/49 | €2,302,331 | €3,667,308 | +€1.4m | +59.3% |
| Equity | 10/15 | €1,643,321 | €3,218,913 | +€1.6m | +95.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,637,121 | €3,212,713 | +€1.6m | +96.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,635,261 | €3,210,853 | +€1.6m | +96.4% |
| Amounts payable | 17/49 | €659,010 | €448,396 | -€210,615 | -32.0% |
| Amounts payable after more than one year | 17 | €101,651 | €64,164 | -€37,487 | -36.9% |
| Financial debts | 170/4 | €101,651 | €64,164 | -€37,487 | -36.9% |
| Amounts payable within one year | 42/48 | €557,360 | €384,232 | -€173,128 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €41,966 | €37,487 | -€4,479 | -10.7% |
| Trade debts | 44 | €8,172 | €4,823 | -€3,349 | -41.0% |
| Suppliers | 440/4 | €8,172 | €4,823 | -€3,349 | -41.0% |
| Advances received on contracts in progress | 46 | €561 | - | -€561 | |
| Taxes, remuneration and social security | 45 | €30,367 | €115,912 | +€85,545 | +282% |
| Taxes | 450/3 | €30,367 | €115,912 | +€85,545 | +282% |
| Other amounts payable | 47/48 | €476,294 | €226,010 | -€250,284 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,781 | €51,425 | -€9,357 | -15.4% |
| Other operating charges | 640/8 | €5,779 | €28,633 | +€22,854 | +395% |
| Gross operating margin | 9900 | €359,658 | €156,226 | -€203,431 | -56.6% |
| Operating profit (loss) | 9901 | €293,098 | €76,169 | -€216,928 | -74.0% |
| Financial income | 75/76B | €52,171 | €1,660,762 | +€1.6m | +3,083% |
| Recurring financial income | 75 | €52,171 | €1,660,201 | +€1.6m | +3,082% |
| Non-recurring financial income | 76B | - | €561 | +€561 | |
| Financial charges | 65/66B | €27,071 | €9,038 | -€18,033 | -66.6% |
| Recurring financial charges | 65 | €27,071 | €9,038 | -€18,033 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | €318,197 | €1,727,893 | +€1.4m | +443% |
| Income taxes | 67/77 | €97,284 | €152,301 | +€55,017 | +56.6% |
| Profit (loss) for the period | 9904 | €220,913 | €1,575,592 | +€1.4m | +613% |
| Profit (loss) for the period to be appropriated | 9905 | €220,913 | €1,575,592 | +€1.4m | +613% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.