NELS TECHNIC: 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 TECHNIC
Largest movements
- Cash -€9,528
down €9,528 (-54.8%), from €17,390 to €7,862
mainly Net result for the year (-€8,776) and Debts after one year (-€7,260)
- Tangible fixed assets -€8,046
down €8,046 (-35.1%), from €22,949 to €14,903
of which Furniture and vehicles: -€7,753
- Deferred charges and accrued income -€2,111
down €2,111 (-51.0%), from €4,135 to €2,025
- Receivables within one year -€1,128
down €1,128 (-10.8%), from €10,488 to €9,360
of which Trade receivables: -€2,496
- Profit (loss) carried forward -€8,776
down €8,776 (-96.3%), from €9,117 to €341
- Debts after one year -€7,260
down €7,260 (-53.5%), from €13,575 to €6,315
- Tax, wage and social debts -€3,349
down €3,349 (-44.0%), from €7,616 to €4,267
of which Taxes: -€2,869
- Other debts -€1,966
down €1,966 (-71.4%), from €2,753 to €787
- Gross operating margin -€19,889
down €19,889 (-88.6%), from €22,451 to €2,562
- Taxes -€3,583
down €3,583 (-96.4%), from €3,715 to €132
- Depreciation +€2,223
up €2,223 (+38.2%), from €5,823 to €8,046
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 | €54,962 | €34,149 | -€20,813 | -37.9% |
| Fixed assets | 21/28 | €22,949 | €14,903 | -€8,046 | -35.1% |
| Tangible fixed assets | 22/27 | €22,949 | €14,903 | -€8,046 | -35.1% |
| Plant, machinery and equipment | 23 | €1,253 | €960 | -€293 | -23.4% |
| Furniture and vehicles | 24 | €21,696 | €13,943 | -€7,753 | -35.7% |
| Current assets | 29/58 | €32,013 | €19,247 | -€12,767 | -39.9% |
| Amounts receivable within one year | 40/41 | €10,488 | €9,360 | -€1,128 | -10.8% |
| Trade receivables | 40 | €10,488 | €7,992 | -€2,496 | -23.8% |
| Other amounts receivable | 41 | - | €1,368 | +€1,368 | |
| Cash at bank and in hand | 54/58 | €17,390 | €7,862 | -€9,528 | -54.8% |
| Deferred charges and accrued income | 490/1 | €4,135 | €2,025 | -€2,111 | -51.0% |
| Total equity and liabilities | 10/49 | €54,962 | €34,149 | -€20,813 | -37.9% |
| Equity | 10/15 | €21,605 | €12,830 | -€8,776 | -40.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,489 | €9,489 | = | 0.0% |
| Distributable reserves | 133 | €9,489 | €9,489 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,117 | €341 | -€8,776 | -96.3% |
| Amounts payable | 17/49 | €33,357 | €21,320 | -€12,037 | -36.1% |
| Amounts payable after more than one year | 17 | €13,575 | €6,315 | -€7,260 | -53.5% |
| Financial debts | 170/4 | €13,575 | €6,315 | -€7,260 | -53.5% |
| Amounts payable within one year | 42/48 | €19,782 | €15,004 | -€4,777 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €6,857 | €7,260 | +€403 | +5.9% |
| Trade debts | 44 | €2,556 | €2,691 | +€135 | +5.3% |
| Suppliers | 440/4 | €2,556 | €2,691 | +€135 | +5.3% |
| Taxes, remuneration and social security | 45 | €7,616 | €4,267 | -€3,349 | -44.0% |
| Taxes | 450/3 | €6,636 | €3,767 | -€2,869 | -43.2% |
| Remuneration and social security | 454/9 | €980 | €500 | -€480 | -49.0% |
| Other amounts payable | 47/48 | €2,753 | €787 | -€1,966 | -71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,823 | €8,046 | +€2,223 | +38.2% |
| Other operating charges | 640/8 | €2,072 | €2,057 | -€16 | -0.8% |
| Gross operating margin | 9900 | €22,451 | €2,562 | -€19,889 | -88.6% |
| Operating profit (loss) | 9901 | €14,556 | -€7,541 | -€22,096 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €891 | €1,103 | +€212 | +23.9% |
| Recurring financial charges | 65 | €891 | €1,103 | +€212 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €13,665 | -€8,644 | -€22,309 | |
| Income taxes | 67/77 | €3,715 | €132 | -€3,583 | -96.4% |
| Profit (loss) for the period | 9904 | €9,950 | -€8,776 | -€18,726 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,950 | -€8,776 | -€18,726 |
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 11 October 2026 via checked.be.