NELL.COM: 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.
NELL.COM
Largest movements
- Cash +€45,361
up €45,361 (+34.9%), from €130,101 to €175,461
mainly Net result for the year (+€68,035) and Depreciation (+€16,161)
- Stocks and contracts +€6,426
up €6,426 (+16.7%), from €38,397 to €44,823
- Reserves +€68,035
up €68,035 (+23.7%), from €286,741 to €354,775
of which Distributable reserves: +€68,035
- Tax, wage and social debts -€8,349
down €8,349 (-38.3%), from €21,818 to €13,469
of which Taxes: -€5,065
- Trade debts -€7,753
down €7,753 (-20.8%), from €37,261 to €29,508
- Gross operating margin +€36,588
up €36,588 (+23.5%), from €155,903 to €192,490
- Taxes +€12,657
up €12,657 (+83.7%), from €15,123 to €27,780
- Staff costs +€9,624
up €9,624 (+13.9%), from €69,407 to €79,031
- Other operating charges -€2,174
down €2,174 (-54.7%), from €3,975 to €1,801
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 | €375,896 | €427,753 | +€51,857 | +13.8% |
| Fixed assets | 21/28 | €42,793 | €40,733 | -€2,060 | -4.8% |
| Tangible fixed assets | 22/27 | €42,793 | €40,733 | -€2,060 | -4.8% |
| Land and buildings | 22 | €5,397 | €5,073 | -€324 | -6.0% |
| Plant, machinery and equipment | 23 | €6,289 | €12,458 | +€6,169 | +98.1% |
| Furniture and vehicles | 24 | €31,107 | €23,202 | -€7,905 | -25.4% |
| Current assets | 29/58 | €333,103 | €387,020 | +€53,916 | +16.2% |
| Stocks and contracts in progress | 3 | €38,397 | €44,823 | +€6,426 | +16.7% |
| Stocks | 30/36 | €38,397 | €44,823 | +€6,426 | +16.7% |
| Amounts receivable within one year | 40/41 | €158,048 | €159,154 | +€1,107 | +0.7% |
| Trade receivables | 40 | €153,481 | €152,263 | -€1,217 | -0.8% |
| Other amounts receivable | 41 | €4,567 | €6,891 | +€2,324 | +50.9% |
| Cash at bank and in hand | 54/58 | €130,101 | €175,461 | +€45,361 | +34.9% |
| Deferred charges and accrued income | 490/1 | €6,559 | €7,582 | +€1,023 | +15.6% |
| Total equity and liabilities | 10/49 | €375,896 | €427,753 | +€51,857 | +13.8% |
| Equity | 10/15 | €316,741 | €384,775 | +€68,035 | +21.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €286,741 | €354,775 | +€68,035 | +23.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €286,741 | €354,775 | +€68,035 | +23.7% |
| Amounts payable | 17/49 | €59,155 | €42,977 | -€16,178 | -27.3% |
| Amounts payable within one year | 42/48 | €59,103 | €42,977 | -€16,126 | -27.3% |
| Trade debts | 44 | €37,261 | €29,508 | -€7,753 | -20.8% |
| Suppliers | 440/4 | €37,261 | €29,508 | -€7,753 | -20.8% |
| Taxes, remuneration and social security | 45 | €21,818 | €13,469 | -€8,349 | -38.3% |
| Taxes | 450/3 | €18,534 | €13,469 | -€5,065 | -27.3% |
| Remuneration and social security | 454/9 | €3,284 | €0 | -€3,284 | -100.0% |
| Other amounts payable | 47/48 | €24 | €0 | -€24 | -100.0% |
| Accrued charges and deferred income | 492/3 | €52 | €0 | -€52 | -100.0% |
| Non-recurring operating income | 76A | €1,137 | €0 | -€1,137 | -100.0% |
| Remuneration, social security and pensions | 62 | €69,407 | €79,031 | +€9,624 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,281 | €16,161 | -€1,119 | -6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €178 | €128 | -€49 | -27.8% |
| Other operating charges | 640/8 | €3,975 | €1,801 | -€2,174 | -54.7% |
| Gross operating margin | 9900 | €155,903 | €192,490 | +€36,588 | +23.5% |
| Operating profit (loss) | 9901 | €65,062 | €95,368 | +€30,306 | +46.6% |
| Financial income | 75/76B | €122 | €595 | +€473 | +387.6% |
| Recurring financial income | 75 | €122 | €595 | +€473 | +387.6% |
| Financial charges | 65/66B | €218 | €149 | -€69 | -31.5% |
| Recurring financial charges | 65 | €218 | €149 | -€69 | -31.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €64,966 | €95,814 | +€30,848 | +47.5% |
| Income taxes | 67/77 | €15,123 | €27,780 | +€12,657 | +83.7% |
| Profit (loss) for the period | 9904 | €49,843 | €68,035 | +€18,192 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,843 | €68,035 | +€18,192 | +36.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.