NELO CONSULT: 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.
NELO CONSULT
Largest movements
- Cash +€4,041
up €4,041 (+7.4%), from €54,450 to €58,491
mainly Net result for the year (+€3,642) and Receivables within one year (+€2,187)
- Receivables within one year -€2,187
down €2,187 (-17.9%), from €12,206 to €10,019
of which Trade receivables: -€1,446
- Reserves +€3,642
up €3,642 (+8.1%), from €45,201 to €48,844
of which Non-distributable reserves: +€1,860
- Trade debts -€1,500
no longer reported in 2025 (was €1,500)
- Gross operating margin +€3,753
up €3,753 (+224.0%), from €1,675 to €5,428
- Turnover +€3,094
up €3,094 (+89.5%), from €3,458 to €6,551
- Taxes +€869
up €869 (+712.0%), from €122 to €991
- Purchases and services -€659
down €659 (-37.0%), from €1,782 to €1,123
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 | €66,669 | €68,517 | +€1,848 | +2.8% |
| Current assets | 29/58 | €66,669 | €68,517 | +€1,848 | +2.8% |
| Amounts receivable within one year | 40/41 | €12,206 | €10,019 | -€2,187 | -17.9% |
| Trade receivables | 40 | €6,703 | €5,257 | -€1,446 | -21.6% |
| Other amounts receivable | 41 | €5,503 | €4,761 | -€741 | -13.5% |
| Cash at bank and in hand | 54/58 | €54,450 | €58,491 | +€4,041 | +7.4% |
| Deferred charges and accrued income | 490/1 | €13 | €7 | -€6 | -46.3% |
| Total equity and liabilities | 10/49 | €66,669 | €68,517 | +€1,848 | +2.8% |
| Equity | 10/15 | €63,801 | €67,444 | +€3,642 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €45,201 | €48,844 | +€3,642 | +8.1% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €45,201 | €46,984 | +€1,782 | +3.9% |
| Amounts payable | 17/49 | €2,868 | €1,073 | -€1,795 | -62.6% |
| Amounts payable within one year | 42/48 | €2,868 | €1,073 | -€1,795 | -62.6% |
| Current portion of amounts payable after more than one year | 42 | €1,368 | €1,019 | -€349 | -25.5% |
| Trade debts | 44 | €1,500 | - | -€1,500 | |
| Suppliers | 440/4 | €1,500 | - | -€1,500 | |
| Taxes, remuneration and social security | 45 | - | €55 | +€55 | |
| Taxes | 450/3 | - | €55 | +€55 | |
| Turnover | 70 | €3,458 | €6,551 | +€3,094 | +89.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,782 | €1,123 | -€659 | -37.0% |
| Other operating charges | 640/8 | €791 | €815 | +€24 | +3.0% |
| Gross operating margin | 9900 | €1,675 | €5,428 | +€3,753 | +224.0% |
| Operating profit (loss) | 9901 | €884 | €4,613 | +€3,729 | +421.6% |
| Financial income | 75/76B | €52 | €92 | +€40 | +77.0% |
| Recurring financial income | 75 | €52 | €92 | +€40 | +77.0% |
| Financial charges | 65/66B | €91 | €72 | -€19 | -20.8% |
| Recurring financial charges | 65 | €91 | €72 | -€19 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €845 | €4,633 | +€3,788 | +448.2% |
| Income taxes | 67/77 | €122 | €991 | +€869 | +712.0% |
| Profit (loss) for the period | 9904 | €723 | €3,642 | +€2,919 | +403.7% |
| Profit (loss) for the period to be appropriated | 9905 | €723 | €3,642 | +€2,919 | +403.7% |
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 12 October 2026 via checked.be.