Nelmar: 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.
Nelmar
Largest movements
- Receivables within one year +€17,569
up €17,569 (+1128.4%), from €1,557 to €19,126
of which Trade receivables: +€17,848
- Tangible fixed assets -€6,937
down €6,937 (-36.0%), from €19,243 to €12,306
of which Leasing and similar rights: -€7,445
- Cash -€421
down €421 (-10.2%), from €4,124 to €3,703
mainly Receivables within one year (-€17,569) and Debts after one year (-€11,316)
- Accrued charges and deferred income +€15,568
new in 2025: €15,568
- Debts after one year -€11,316
no longer reported in 2025 (was €11,316)
- Current portion of long-term debt +€4,450
new in 2025: €4,450
- Profit (loss) carried forward +€846
up €846 (+23.0%), from €3,677 to €4,523
- Other debts +€754
up €754 (+20.2%), from €3,735 to €4,489
- Gross operating margin +€5,414
up €5,414 (+68.0%), from €7,961 to €13,375
- Taxes +€277
new in 2025: €277
- Financial charges -€238
down €238 (-34.2%), from €697 to €459
- Staff costs +€138
up €138 (+4.2%), from €3,280 to €3,418
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 | €25,212 | €35,407 | +€10,195 | +40.4% |
| Fixed assets | 21/28 | €19,243 | €12,306 | -€6,937 | -36.0% |
| Tangible fixed assets | 22/27 | €19,243 | €12,306 | -€6,937 | -36.0% |
| Plant, machinery and equipment | 23 | €427 | - | -€427 | |
| Furniture and vehicles | 24 | - | €935 | +€935 | |
| Leasing and similar rights | 25 | €18,816 | €11,371 | -€7,445 | -39.6% |
| Current assets | 29/58 | €5,969 | €23,100 | +€17,132 | +287.0% |
| Amounts receivable within one year | 40/41 | €1,557 | €19,126 | +€17,569 | +1128.4% |
| Trade receivables | 40 | - | €17,848 | +€17,848 | |
| Other amounts receivable | 41 | €1,557 | €1,278 | -€279 | -18.0% |
| Cash at bank and in hand | 54/58 | €4,124 | €3,703 | -€421 | -10.2% |
| Deferred charges and accrued income | 490/1 | €288 | €271 | -€16 | -5.6% |
| Total equity and liabilities | 10/49 | €25,212 | €35,407 | +€10,195 | +40.4% |
| Equity | 10/15 | €9,177 | €10,023 | +€846 | +9.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,677 | €4,523 | +€846 | +23.0% |
| Amounts payable | 17/49 | €16,035 | €25,384 | +€9,349 | +58.3% |
| Amounts payable after more than one year | 17 | €11,316 | - | -€11,316 | |
| Financial debts | 170/4 | €11,316 | - | -€11,316 | |
| Amounts payable within one year | 42/48 | €4,719 | €9,815 | +€5,096 | +108.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,450 | +€4,450 | |
| Trade debts | 44 | €984 | €477 | -€507 | -51.5% |
| Suppliers | 440/4 | €984 | €477 | -€507 | -51.5% |
| Taxes, remuneration and social security | 45 | - | €399 | +€399 | |
| Taxes | 450/3 | - | €277 | +€277 | |
| Remuneration and social security | 454/9 | - | €123 | +€123 | |
| Other amounts payable | 47/48 | €3,735 | €4,489 | +€754 | +20.2% |
| Accrued charges and deferred income | 492/3 | - | €15,568 | +€15,568 | |
| Remuneration, social security and pensions | 62 | €3,280 | €3,418 | +€138 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,006 | €7,948 | -€58 | -0.7% |
| Other operating charges | 640/8 | €368 | €428 | +€61 | +16.5% |
| Gross operating margin | 9900 | €7,961 | €13,375 | +€5,414 | +68.0% |
| Operating profit (loss) | 9901 | -€3,692 | €1,581 | +€5,273 | |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €697 | €459 | -€238 | -34.2% |
| Recurring financial charges | 65 | €697 | €459 | -€238 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,373 | €1,122 | +€5,495 | |
| Income taxes | 67/77 | - | €277 | +€277 | |
| Profit (loss) for the period | 9904 | -€4,373 | €846 | +€5,218 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,373 | €846 | +€5,218 |
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 10 October 2026 via checked.be.