NELS: 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.
NELS
Largest movements
- Cash +€2,053
up €2,053 (+40.1%), from €5,113 to €7,166
mainly Tax, wage and social debts (+€2,523) and Net result for the year (+€2,210)
- Receivables within one year +€1,064
up €1,064 (+28.2%), from €3,776 to €4,840
of which Trade receivables: +€4,840
- Tax, wage and social debts +€2,523
up €2,523 (+128%), from €1,972 to €4,496
of which Remuneration and social security: +€1,800
- Profit (loss) carried forward +€2,210
up €2,210 (+27.2%), from -€8,117 to -€5,907
- Trade debts -€2,075
down €2,075 (-81.0%), from €2,561 to €486
- Other debts +€458
up €458 (+625%), from €73 to €532
- Gross operating margin +€16,802
up €16,802, from -€13,628 to €3,175
- Financial charges -€435
down €435 (-44.4%), from €980 to €544
- Other operating charges -€383
down €383 (-47.7%), from €804 to €420
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 | €8,889 | €12,006 | +€3,116 | +35.1% |
| Current assets | 29/58 | €8,889 | €12,006 | +€3,116 | +35.1% |
| Amounts receivable within one year | 40/41 | €3,776 | €4,840 | +€1,064 | +28.2% |
| Trade receivables | 40 | - | €4,840 | +€4,840 | |
| Other amounts receivable | 41 | €3,776 | - | -€3,776 | |
| Cash at bank and in hand | 54/58 | €5,113 | €7,166 | +€2,053 | +40.1% |
| Total equity and liabilities | 10/49 | €8,889 | €12,006 | +€3,116 | +35.1% |
| Equity | 10/15 | €4,283 | €6,493 | +€2,210 | +51.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,117 | -€5,907 | +€2,210 | +27.2% |
| Amounts payable | 17/49 | €4,607 | €5,513 | +€907 | +19.7% |
| Amounts payable within one year | 42/48 | €4,607 | €5,513 | +€907 | +19.7% |
| Trade debts | 44 | €2,561 | €486 | -€2,075 | -81.0% |
| Suppliers | 440/4 | €2,561 | €486 | -€2,075 | -81.0% |
| Taxes, remuneration and social security | 45 | €1,972 | €4,496 | +€2,523 | +128% |
| Taxes | 450/3 | €1,972 | €2,696 | +€723 | +36.7% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €73 | €532 | +€458 | +625% |
| Other operating charges | 640/8 | €804 | €420 | -€383 | -47.7% |
| Gross operating margin | 9900 | -€13,628 | €3,175 | +€16,802 | |
| Operating profit (loss) | 9901 | -€14,431 | €2,754 | +€17,185 | |
| Financial charges | 65/66B | €980 | €544 | -€435 | -44.4% |
| Recurring financial charges | 65 | €980 | €544 | -€435 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,411 | €2,210 | +€17,621 | |
| Profit (loss) for the period | 9904 | -€15,411 | €2,210 | +€17,621 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,411 | €2,210 | +€17,621 |
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 15 October 2026 via checked.be.