Nelly’s: 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.
Nelly’s
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Receivables within one year +€10,245
up €10,245 (+18.7%), from €54,844 to €65,089
of which Other amounts receivable: +€14,745
- Receivables after one year -€7,862
down €7,862 (-26.9%), from €29,236 to €21,374
- Cash -€6,795
down €6,795 (-2.2%), from €310,570 to €303,775
mainly Contributions, distributions and other (-€182,597) and Current investments (-€150,000)
- Other debts +€174,036
up €174,036 (+994%), from €17,502 to €191,537
- Trade debts -€21,846
down €21,846 (-57.6%), from €37,897 to €16,051
- Current portion of long-term debt -€9,189
down €9,189 (-56.3%), from €16,308 to €7,119
- Debts after one year -€7,119
no longer reported in 2025 (was €7,119)
- Tax, wage and social debts +€6,915
up €6,915 (+17.4%), from €39,643 to €46,558
of which Remuneration and social security: +€5,467
- Gross operating margin +€76,501
up €76,501 (+30.5%), from €250,567 to €327,068
- Staff costs +€27,236
up €27,236 (+47.6%), from €57,230 to €84,467
- Taxes -€16,379
down €16,379 (-27.2%), from €60,248 to €43,869
- Other operating charges +€4,713
up €4,713 (+582%), from €810 to €5,523
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 | €444,951 | €587,758 | +€142,808 | +32.1% |
| Fixed assets | 21/28 | €50,300 | €44,432 | -€5,867 | -11.7% |
| Intangible fixed assets | 21 | €21,680 | €18,647 | -€3,033 | -14.0% |
| Tangible fixed assets | 22/27 | €25,155 | €22,321 | -€2,834 | -11.3% |
| Land and buildings | 22 | €6,077 | €8,730 | +€2,653 | +43.6% |
| Plant, machinery and equipment | 23 | €14,796 | €9,236 | -€5,561 | -37.6% |
| Furniture and vehicles | 24 | €4,281 | €4,355 | +€74 | +1.7% |
| Financial fixed assets | 28 | €3,465 | €3,465 | = | 0.0% |
| Current assets | 29/58 | €394,651 | €543,326 | +€148,675 | +37.7% |
| Amounts receivable after more than one year | 29 | €29,236 | €21,374 | -€7,862 | -26.9% |
| Other amounts receivable | 291 | €29,236 | €21,374 | -€7,862 | -26.9% |
| Amounts receivable within one year | 40/41 | €54,844 | €65,089 | +€10,245 | +18.7% |
| Trade receivables | 40 | €18,810 | €14,310 | -€4,500 | -23.9% |
| Other amounts receivable | 41 | €36,034 | €50,779 | +€14,745 | +40.9% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €310,570 | €303,775 | -€6,795 | -2.2% |
| Deferred charges and accrued income | 490/1 | - | €3,088 | +€3,088 | |
| Total equity and liabilities | 10/49 | €444,951 | €587,758 | +€142,808 | +32.1% |
| Equity | 10/15 | €326,483 | €326,483 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €325,483 | €325,483 | = | 0.0% |
| Distributable reserves | 133 | €325,483 | €325,483 | = | 0.0% |
| Amounts payable | 17/49 | €118,468 | €261,276 | +€142,808 | +121% |
| Amounts payable after more than one year | 17 | €7,119 | - | -€7,119 | |
| Financial debts | 170/4 | €7,119 | - | -€7,119 | |
| Amounts payable within one year | 42/48 | €111,349 | €261,276 | +€149,926 | +135% |
| Current portion of amounts payable after more than one year | 42 | €16,308 | €7,119 | -€9,189 | -56.3% |
| Financial debts | 43 | - | €11 | +€11 | |
| Credit institutions | 430/8 | - | €11 | +€11 | |
| Trade debts | 44 | €37,897 | €16,051 | -€21,846 | -57.6% |
| Suppliers | 440/4 | €37,897 | €16,051 | -€21,846 | -57.6% |
| Taxes, remuneration and social security | 45 | €39,643 | €46,558 | +€6,915 | +17.4% |
| Taxes | 450/3 | €35,505 | €36,952 | +€1,448 | +4.1% |
| Remuneration and social security | 454/9 | €4,138 | €9,605 | +€5,467 | +132% |
| Other amounts payable | 47/48 | €17,502 | €191,537 | +€174,036 | +994% |
| Non-recurring operating income | 76A | - | €3,897 | +€3,897 | |
| Remuneration, social security and pensions | 62 | €57,230 | €84,467 | +€27,236 | +47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,552 | €11,655 | +€1,103 | +10.5% |
| Other operating charges | 640/8 | €810 | €5,523 | +€4,713 | +582% |
| Gross operating margin | 9900 | €250,567 | €327,068 | +€76,501 | +30.5% |
| Operating profit (loss) | 9901 | €181,975 | €225,423 | +€43,449 | +23.9% |
| Financial income | 75/76B | €1,352 | €3,523 | +€2,170 | +161% |
| Recurring financial income | 75 | €1,352 | €3,523 | +€2,170 | +161% |
| Financial charges | 65/66B | €2,196 | €2,479 | +€282 | +12.9% |
| Recurring financial charges | 65 | €2,196 | €1,155 | -€1,041 | -47.4% |
| Non-recurring financial charges | 66B | - | €1,324 | +€1,324 | |
| Profit (loss) for the period before taxes | 9903 | €181,130 | €226,467 | +€45,337 | +25.0% |
| Income taxes | 67/77 | €60,248 | €43,869 | -€16,379 | -27.2% |
| Profit (loss) for the period | 9904 | €120,882 | €182,597 | +€61,715 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €120,882 | €182,597 | +€61,715 | +51.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.