Nelles: 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.
Nelles
Largest movements
- Cash +€47,267
up €47,267 (+367.1%), from €12,874 to €60,141
mainly Net result for the year (+€42,806) and Tax, wage and social debts (+€12,222)
- Tangible fixed assets +€4,776
new in 2025: €4,776
of which Furniture and vehicles: +€4,288
- Receivables within one year -€2,193
down €2,193 (-14.4%), from €15,207 to €13,014
of which Other amounts receivable: -€2,704
- Deferred charges and accrued income +€2,147
up €2,147 (+246.7%), from €870 to €3,017
- Reserves +€42,806
up €42,806 (+291.9%), from €14,667 to €57,473
- Tax, wage and social debts +€12,222
up €12,222 (+204.3%), from €5,982 to €18,204
- Other debts -€2,359
no longer reported in 2025 (was €2,359)
- Gross operating margin +€31,259
up €31,259 (+120.4%), from €25,970 to €57,229
- Taxes +€7,308
up €7,308 (+152.4%), from €4,796 to €12,104
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 | €28,952 | €80,948 | +€51,996 | +179.6% |
| Fixed assets | 21/28 | - | €4,776 | +€4,776 | |
| Tangible fixed assets | 22/27 | - | €4,776 | +€4,776 | |
| Plant, machinery and equipment | 23 | - | €488 | +€488 | |
| Furniture and vehicles | 24 | - | €4,288 | +€4,288 | |
| Current assets | 29/58 | €28,952 | €76,172 | +€47,220 | +163.1% |
| Amounts receivable within one year | 40/41 | €15,207 | €13,014 | -€2,193 | -14.4% |
| Trade receivables | 40 | €12,503 | €13,014 | +€511 | +4.1% |
| Other amounts receivable | 41 | €2,704 | - | -€2,704 | |
| Cash at bank and in hand | 54/58 | €12,874 | €60,141 | +€47,267 | +367.1% |
| Deferred charges and accrued income | 490/1 | €870 | €3,017 | +€2,147 | +246.7% |
| Total equity and liabilities | 10/49 | €28,952 | €80,948 | +€51,996 | +179.6% |
| Equity | 10/15 | €19,667 | €62,473 | +€42,806 | +217.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,667 | €57,473 | +€42,806 | +291.9% |
| Distributable reserves | 133 | €14,667 | €57,473 | +€42,806 | +291.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €9,285 | €18,475 | +€9,190 | +99.0% |
| Amounts payable within one year | 42/48 | €9,209 | €18,475 | +€9,266 | +100.6% |
| Trade debts | 44 | €868 | €271 | -€597 | -68.8% |
| Suppliers | 440/4 | €868 | €271 | -€597 | -68.8% |
| Taxes, remuneration and social security | 45 | €5,982 | €18,204 | +€12,222 | +204.3% |
| Taxes | 450/3 | €5,982 | €18,204 | +€12,222 | +204.3% |
| Other amounts payable | 47/48 | €2,359 | - | -€2,359 | |
| Accrued charges and deferred income | 492/3 | €77 | - | -€77 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €289 | +€289 | |
| Other operating charges | 640/8 | €302 | €376 | +€74 | +24.5% |
| Gross operating margin | 9900 | €25,970 | €57,229 | +€31,259 | +120.4% |
| Operating profit (loss) | 9901 | €25,668 | €56,564 | +€30,896 | +120.4% |
| Financial charges | 65/66B | €1,430 | €1,654 | +€224 | +15.6% |
| Recurring financial charges | 65 | €1,430 | €1,654 | +€224 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €24,238 | €54,910 | +€30,672 | +126.5% |
| Income taxes | 67/77 | €4,796 | €12,104 | +€7,308 | +152.4% |
| Profit (loss) for the period | 9904 | €19,442 | €42,806 | +€23,364 | +120.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,442 | €42,806 | +€23,364 | +120.2% |
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 9 October 2026 via checked.be.