NELORE: 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.
NELORE
Largest movements
- Cash -€8,076
down €8,076 (-42.1%), from €19,193 to €11,117
mainly Receivables within one year (-€2,850) and Net result for the year (-€2,562)
- Receivables within one year +€2,850
up €2,850 (+37.7%), from €7,565 to €10,416
of which Other amounts receivable: +€3,477
- Tangible fixed assets -€828
down €828 (-53.7%), from €1,540 to €713
of which Plant, machinery and equipment: -€635
- Profit (loss) carried forward -€2,562
new in 2025: -€2,562
- Other debts -€1,714
down €1,714 (-15.5%), from €11,053 to €9,339
- Trade debts -€1,235
down €1,235 (-55.3%), from €2,233 to €999
- Tax, wage and social debts -€542
no longer reported in 2025 (was €542)
- Gross operating margin -€5,907
down €5,907 (-95.7%), from €6,175 to €267
- Taxes -€850
down €850 (-86.6%), from €982 to €132
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 | €29,127 | €23,073 | -€6,053 | -20.8% |
| Fixed assets | 21/28 | €1,540 | €713 | -€828 | -53.7% |
| Tangible fixed assets | 22/27 | €1,540 | €713 | -€828 | -53.7% |
| Plant, machinery and equipment | 23 | €1,217 | €582 | -€635 | -52.2% |
| Furniture and vehicles | 24 | €323 | €130 | -€193 | -59.6% |
| Current assets | 29/58 | €27,586 | €22,361 | -€5,226 | -18.9% |
| Amounts receivable within one year | 40/41 | €7,565 | €10,416 | +€2,850 | +37.7% |
| Trade receivables | 40 | €5,489 | €4,862 | -€627 | -11.4% |
| Other amounts receivable | 41 | €2,076 | €5,553 | +€3,477 | +167.4% |
| Cash at bank and in hand | 54/58 | €19,193 | €11,117 | -€8,076 | -42.1% |
| Deferred charges and accrued income | 490/1 | €828 | €828 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €29,127 | €23,073 | -€6,053 | -20.8% |
| Equity | 10/15 | €15,298 | €12,736 | -€2,562 | -16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,098 | €9,098 | = | 0.0% |
| Distributable reserves | 133 | €9,098 | €9,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,562 | -€2,562 | |
| Amounts payable | 17/49 | €13,829 | €10,338 | -€3,491 | -25.2% |
| Amounts payable within one year | 42/48 | €13,829 | €10,338 | -€3,491 | -25.2% |
| Trade debts | 44 | €2,233 | €999 | -€1,235 | -55.3% |
| Suppliers | 440/4 | €2,233 | €999 | -€1,235 | -55.3% |
| Taxes, remuneration and social security | 45 | €542 | - | -€542 | |
| Taxes | 450/3 | €542 | - | -€542 | |
| Other amounts payable | 47/48 | €11,053 | €9,339 | -€1,714 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €828 | €828 | = | 0.0% |
| Other operating charges | 640/8 | €215 | €168 | -€48 | -22.0% |
| Gross operating margin | 9900 | €6,175 | €267 | -€5,907 | -95.7% |
| Operating profit (loss) | 9901 | €5,131 | -€728 | -€5,860 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,752 | €1,712 | -€40 | -2.3% |
| Recurring financial charges | 65 | €1,752 | €1,712 | -€40 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €3,380 | -€2,430 | -€5,810 | |
| Income taxes | 67/77 | €982 | €132 | -€850 | -86.6% |
| Profit (loss) for the period | 9904 | €2,398 | -€2,562 | -€4,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,398 | -€2,562 | -€4,960 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.