Nelke: 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.
Nelke
Largest movements
- Cash -€7,295
down €7,295 (-26.3%), from €27,721 to €20,426
mainly Net result for the year (-€4,826) and Receivables within one year (-€4,743)
- Receivables within one year +€4,743
up €4,743 (+107.0%), from €4,432 to €9,175
- Tangible fixed assets -€4,592
down €4,592 (-62.8%), from €7,314 to €2,722
of which Furniture and vehicles: -€2,681
- Deferred charges and accrued income +€2,597
up €2,597 (+120.1%), from €2,163 to €4,760
- Reserves -€4,826
down €4,826 (-23.1%), from €20,904 to €16,079
- Current portion of long-term debt -€2,660
no longer reported in 2025 (was €2,660)
- Trade debts +€1,832
up €1,832 (+43.9%), from €4,168 to €6,000
- Tax, wage and social debts +€1,107
up €1,107 (+17.7%), from €6,248 to €7,355
of which Remuneration and social security: +€3,004
- Gross operating margin -€8,787
down €8,787 (-17.4%), from €50,542 to €41,755
- Depreciation -€2,983
down €2,983 (-39.4%), from €7,575 to €4,592
- Other operating charges +€2,693
up €2,693 (+144.0%), from €1,870 to €4,563
- Taxes -€2,443
down €2,443 (-65.4%), from €3,736 to €1,293
- Staff costs +€1,664
up €1,664 (+4.9%), from €33,621 to €35,285
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 | €52,581 | €48,034 | -€4,547 | -8.6% |
| Fixed assets | 21/28 | €18,264 | €13,672 | -€4,592 | -25.1% |
| Tangible fixed assets | 22/27 | €7,314 | €2,722 | -€4,592 | -62.8% |
| Land and buildings | 22 | €0 | - | -€0 | |
| Plant, machinery and equipment | 23 | €653 | €416 | -€237 | -36.3% |
| Furniture and vehicles | 24 | €3,313 | €632 | -€2,681 | -80.9% |
| Other tangible fixed assets | 26 | €3,348 | €1,674 | -€1,674 | -50.0% |
| Financial fixed assets | 28 | €10,950 | €10,950 | = | 0.0% |
| Current assets | 29/58 | €34,317 | €34,362 | +€45 | +0.1% |
| Amounts receivable within one year | 40/41 | €4,432 | €9,175 | +€4,743 | +107.0% |
| Other amounts receivable | 41 | €4,432 | €9,175 | +€4,743 | +107.0% |
| Cash at bank and in hand | 54/58 | €27,721 | €20,426 | -€7,295 | -26.3% |
| Deferred charges and accrued income | 490/1 | €2,163 | €4,760 | +€2,597 | +120.1% |
| Total equity and liabilities | 10/49 | €52,581 | €48,034 | -€4,547 | -8.6% |
| Equity | 10/15 | €39,504 | €34,679 | -€4,826 | -12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,904 | €16,079 | -€4,826 | -23.1% |
| Distributable reserves | 133 | €20,904 | €16,079 | -€4,826 | -23.1% |
| Amounts payable | 17/49 | €13,077 | €13,355 | +€279 | +2.1% |
| Amounts payable within one year | 42/48 | €13,077 | €13,355 | +€279 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €2,660 | - | -€2,660 | |
| Trade debts | 44 | €4,168 | €6,000 | +€1,832 | +43.9% |
| Suppliers | 440/4 | €4,168 | €6,000 | +€1,832 | +43.9% |
| Taxes, remuneration and social security | 45 | €6,248 | €7,355 | +€1,107 | +17.7% |
| Taxes | 450/3 | €5,760 | €3,864 | -€1,897 | -32.9% |
| Remuneration and social security | 454/9 | €488 | €3,492 | +€3,004 | +615.9% |
| Remuneration, social security and pensions | 62 | €33,621 | €35,285 | +€1,664 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,575 | €4,592 | -€2,983 | -39.4% |
| Other operating charges | 640/8 | €1,870 | €4,563 | +€2,693 | +144.0% |
| Gross operating margin | 9900 | €50,542 | €41,755 | -€8,787 | -17.4% |
| Operating profit (loss) | 9901 | €7,476 | -€2,685 | -€10,161 | |
| Financial income | 75/76B | €63 | €299 | +€237 | +376.2% |
| Recurring financial income | 75 | €63 | €299 | +€237 | +376.2% |
| Financial charges | 65/66B | €1,424 | €1,146 | -€277 | -19.5% |
| Recurring financial charges | 65 | €1,424 | €1,146 | -€277 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €6,115 | -€3,532 | -€9,647 | |
| Income taxes | 67/77 | €3,736 | €1,293 | -€2,443 | -65.4% |
| Profit (loss) for the period | 9904 | €2,379 | -€4,826 | -€7,204 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,379 | -€4,826 | -€7,204 |
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 6 October 2026 via checked.be.