NELSCOTT: 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.
NELSCOTT
Largest movements
- Financial fixed assets +€46,400
new in 2025: €46,400
- Tangible fixed assets +€23,042
up €23,042 (+219.1%), from €10,515 to €33,557
of which Plant, machinery and equipment: +€16,993
- Receivables within one year +€5,503
up €5,503 (+1129.2%), from €487 to €5,991
of which Trade receivables: +€5,729
- Cash +€5,464
up €5,464 (+113.7%), from €4,808 to €10,272
mainly Debts after one year (+€35,787) and Other debts (+€27,690)
- Stocks and contracts +€2,094
up €2,094 (+95.1%), from €2,202 to €4,296
- Debts after one year +€35,787
new in 2025: €35,787
- Other debts +€27,690
up €27,690 (+436.9%), from €6,338 to €34,029
- Tax, wage and social debts +€12,704
up €12,704 (+511.1%), from €2,485 to €15,189
of which Remuneration and social security: +€7,984
- Current portion of long-term debt +€5,343
new in 2025: €5,343
- Profit (loss) carried forward +€1,132
up €1,132 (+13.1%), from €8,641 to €9,773
- Gross operating margin +€82,876
up €82,876 (+174.0%), from €47,632 to €130,509
- Staff costs +€82,015
up €82,015 (+219.8%), from €37,308 to €119,323
- Depreciation +€2,969
up €2,969 (+92.3%), from €3,217 to €6,186
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 | €25,413 | €108,586 | +€83,173 | +327.3% |
| Fixed assets | 21/28 | €10,515 | €79,957 | +€69,442 | +660.4% |
| Tangible fixed assets | 22/27 | €10,515 | €33,557 | +€23,042 | +219.1% |
| Plant, machinery and equipment | 23 | €10,515 | €27,507 | +€16,993 | +161.6% |
| Furniture and vehicles | 24 | - | €6,049 | +€6,049 | |
| Financial fixed assets | 28 | - | €46,400 | +€46,400 | |
| Current assets | 29/58 | €14,898 | €28,629 | +€13,731 | +92.2% |
| Stocks and contracts in progress | 3 | €2,202 | €4,296 | +€2,094 | +95.1% |
| Stocks | 30/36 | €2,202 | €4,296 | +€2,094 | +95.1% |
| Amounts receivable within one year | 40/41 | €487 | €5,991 | +€5,503 | +1129.2% |
| Trade receivables | 40 | €262 | €5,991 | +€5,729 | +2186.6% |
| Other amounts receivable | 41 | €225 | - | -€225 | |
| Cash at bank and in hand | 54/58 | €4,808 | €10,272 | +€5,464 | +113.7% |
| Deferred charges and accrued income | 490/1 | €7,401 | €8,070 | +€669 | +9.0% |
| Total equity and liabilities | 10/49 | €25,413 | €108,586 | +€83,173 | +327.3% |
| Equity | 10/15 | €13,641 | €14,773 | +€1,132 | +8.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,641 | €9,773 | +€1,132 | +13.1% |
| Amounts payable | 17/49 | €11,772 | €93,813 | +€82,041 | +696.9% |
| Amounts payable after more than one year | 17 | - | €35,787 | +€35,787 | |
| Financial debts | 170/4 | - | €35,787 | +€35,787 | |
| Amounts payable within one year | 42/48 | €11,772 | €58,026 | +€46,254 | +392.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,343 | +€5,343 | |
| Trade debts | 44 | €2,949 | €3,465 | +€517 | +17.5% |
| Suppliers | 440/4 | €2,949 | €3,465 | +€517 | +17.5% |
| Taxes, remuneration and social security | 45 | €2,485 | €15,189 | +€12,704 | +511.1% |
| Taxes | 450/3 | - | €4,720 | +€4,720 | |
| Remuneration and social security | 454/9 | €2,485 | €10,469 | +€7,984 | +321.2% |
| Other amounts payable | 47/48 | €6,338 | €34,029 | +€27,690 | +436.9% |
| Remuneration, social security and pensions | 62 | €37,308 | €119,323 | +€82,015 | +219.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,217 | €6,186 | +€2,969 | +92.3% |
| Other operating charges | 640/8 | €796 | €1,875 | +€1,079 | +135.6% |
| Gross operating margin | 9900 | €47,632 | €130,509 | +€82,876 | +174.0% |
| Operating profit (loss) | 9901 | €6,311 | €3,125 | -€3,187 | -50.5% |
| Financial charges | 65/66B | €2,997 | €1,993 | -€1,004 | -33.5% |
| Recurring financial charges | 65 | €2,997 | €1,993 | -€1,004 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €3,314 | €1,132 | -€2,183 | -65.9% |
| Profit (loss) for the period | 9904 | €3,314 | €1,132 | -€2,183 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,314 | €1,132 | -€2,183 | -65.9% |
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 4 October 2026 via checked.be.