Nelpin B.V.: 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.
Nelpin B.V.
Largest movements
- Receivables within one year -€45,360
down €45,360 (-41.0%), from €110,719 to €65,359
of which Trade receivables: -€33,980
- Current investments -€27,852
down €27,852 (-32.5%), from €85,712 to €57,860
- Cash -€20,460
down €20,460 (-54.1%), from €37,853 to €17,393
mainly Contributions, distributions and other (-€114,895) and Tax, wage and social debts (-€12,028)
- Reserves -€82,417
down €82,417 (-53.0%), from €155,364 to €72,947
- Tax, wage and social debts -€12,028
down €12,028 (-56.7%), from €21,221 to €9,193
- Gross operating margin -€49,080
down €49,080 (-51.8%), from €94,790 to €45,710
- Taxes +€7,593
up €7,593 (+76.4%), from €9,936 to €17,529
- Financial income +€6,441
up €6,441 (+382%), from €1,685 to €8,126
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 | €241,083 | €146,625 | -€94,459 | -39.2% |
| Fixed assets | 21/28 | €5,163 | €3,212 | -€1,952 | -37.8% |
| Tangible fixed assets | 22/27 | €4,753 | €2,802 | -€1,952 | -41.1% |
| Furniture and vehicles | 24 | €4,753 | €2,802 | -€1,952 | -41.1% |
| Financial fixed assets | 28 | €410 | €410 | = | 0.0% |
| Current assets | 29/58 | €235,920 | €143,413 | -€92,507 | -39.2% |
| Amounts receivable within one year | 40/41 | €110,719 | €65,359 | -€45,360 | -41.0% |
| Trade receivables | 40 | €96,259 | €62,279 | -€33,980 | -35.3% |
| Other amounts receivable | 41 | €14,461 | €3,080 | -€11,380 | -78.7% |
| Current investments | 50/53 | €85,712 | €57,860 | -€27,852 | -32.5% |
| Cash at bank and in hand | 54/58 | €37,853 | €17,393 | -€20,460 | -54.1% |
| Deferred charges and accrued income | 490/1 | €1,636 | €2,800 | +€1,165 | +71.2% |
| Total equity and liabilities | 10/49 | €241,083 | €146,625 | -€94,459 | -39.2% |
| Equity | 10/15 | €175,364 | €92,947 | -€82,417 | -47.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €155,364 | €72,947 | -€82,417 | -53.0% |
| Distributable reserves | 133 | €155,364 | €72,947 | -€82,417 | -53.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,719 | €53,678 | -€12,042 | -18.3% |
| Amounts payable within one year | 42/48 | €65,719 | €53,678 | -€12,042 | -18.3% |
| Financial debts | 43 | - | €58 | +€58 | |
| Other loans | 439 | - | €58 | +€58 | |
| Trade debts | 44 | €704 | €686 | -€18 | -2.6% |
| Suppliers | 440/4 | €704 | €686 | -€18 | -2.6% |
| Taxes, remuneration and social security | 45 | €21,221 | €9,193 | -€12,028 | -56.7% |
| Taxes | 450/3 | €21,221 | €9,193 | -€12,028 | -56.7% |
| Other amounts payable | 47/48 | €43,794 | €43,740 | -€54 | -0.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €328 | +€328 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,260 | €2,280 | +€20 | +0.9% |
| Other operating charges | 640/8 | €646 | €634 | -€13 | -1.9% |
| Non-recurring operating charges | 66A | €632 | €0 | -€632 | -100% |
| Gross operating margin | 9900 | €94,790 | €45,710 | -€49,080 | -51.8% |
| Operating profit (loss) | 9901 | €91,252 | €42,797 | -€48,456 | -53.1% |
| Financial income | 75/76B | €1,685 | €8,126 | +€6,441 | +382% |
| Recurring financial income | 75 | €1,685 | €8,126 | +€6,441 | +382% |
| Financial charges | 65/66B | €584 | €915 | +€330 | +56.5% |
| Recurring financial charges | 65 | €584 | €915 | +€330 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €92,353 | €50,008 | -€42,345 | -45.9% |
| Income taxes | 67/77 | €9,936 | €17,529 | +€7,593 | +76.4% |
| Profit (loss) for the period | 9904 | €82,417 | €32,479 | -€49,938 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €82,417 | €32,479 | -€49,938 | -60.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.