Nelson: 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.
What changed
Nelson
NACE 55.100, Hotels and similar accommodation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€77,986
2024 · €49,398+€28,589
Equity
€1.2m
2024 · €1.1m+€47,571
Cash
€353,566
2024 · €340,981+€12,584
Balance sheet total
€3.9m
2024 · €3.9m+€29,118
Largest movements
Assets
- Receivables within one year +€48,976
up €48,976 (+33.9%), from €144,305 to €193,282
Equity and liabilities
- Trade debts +€428,835
up €428,835 (+488.4%), from €87,796 to €516,631
- Debts after one year -€380,211
down €380,211 (-17.2%), from €2.2m to €1.8m
- Reserves +€47,571
up €47,571 (+10.0%), from €473,557 to €521,128
of which Distributable reserves: +€47,571
Income statement
- Financial charges -€30,392
down €30,392 (-22.1%), from €137,798 to €107,406
- Other operating charges +€21,813
up €21,813 (+34.6%), from €63,003 to €84,816
- Staff costs -€21,020
down €21,020 (-2.7%), from €776,277 to €755,258
- Gross operating margin +€19,407
up €19,407 (+1.4%), from €1.4m to €1.4m
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.
Result 2024
€49,398
Gross operating margin
+€19,407
Staff costs
+€21,020
Depreciation
-€5,774
Other operating charges
-€21,813
Financial income
-€4,287
Financial charges
+€30,392
Taxes
-€10,356
Result 2025
€77,986
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.
From operations
+€773,407
Investment
-€336,879
Financing
-€423,944
Cash 2024
€340,981
From operations (derived)
+€773,407
Net result for the year
+€77,986
Depreciation
+€371,473
Stocks and contracts
-€2,412
Receivables within one year
-€48,976
Smaller working-capital items
+€961
Trade debts
+€428,835
Advances received
-€10,641
Other debts
-€33,277
Accrued charges and deferred income
-€10,541
Investment (derived)
-€336,879
Investment in fixed assets (net)
-€336,879
Financing
-€423,944
Debts after one year
-€380,211
Current portion of long-term debt
-€13,319
Contributions, distributions and other
-€30,415
Cash 2025
€353,566
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,895,291 | €3,924,408 | +€29,118 | +0.7% |
| Fixed assets | 21/28 | €3,390,412 | €3,355,818 | -€34,594 | -1.0% |
| Tangible fixed assets | 22/27 | €3,390,411 | €3,355,817 | -€34,594 | -1.0% |
| Land and buildings | 22 | €890,847 | €877,190 | -€13,657 | -1.5% |
| Plant, machinery and equipment | 23 | €1,986,246 | €1,975,529 | -€10,716 | -0.5% |
| Furniture and vehicles | 24 | €2,203 | €1,981 | -€221 | -10.0% |
| Other tangible fixed assets | 26 | €511,116 | €501,116 | -€10,000 | -2.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €504,879 | €568,591 | +€63,712 | +12.6% |
| Stocks and contracts in progress | 3 | €13,044 | €15,456 | +€2,412 | +18.5% |
| Stocks | 30/36 | €13,044 | €15,456 | +€2,412 | +18.5% |
| Amounts receivable within one year | 40/41 | €144,305 | €193,282 | +€48,976 | +33.9% |
| Other amounts receivable | 41 | €144,305 | €193,282 | +€48,976 | +33.9% |
| Cash at bank and in hand | 54/58 | €340,981 | €353,566 | +€12,584 | +3.7% |
| Deferred charges and accrued income | 490/1 | €6,548 | €6,288 | -€261 | -4.0% |
| Total equity and liabilities | 10/49 | €3,895,291 | €3,924,408 | +€29,118 | +0.7% |
| Equity | 10/15 | €1,140,314 | €1,187,885 | +€47,571 | +4.2% |
| Contributions | 10/11 | €346,556 | €346,556 | = | 0.0% |
| Capital | 10 | €346,556 | €346,556 | = | 0.0% |
| Issued capital | 100 | €346,556 | €346,556 | = | 0.0% |
| Reserves | 13 | €473,557 | €521,128 | +€47,571 | +10.0% |
| Non-distributable reserves | 130/1 | €34,656 | €34,656 | = | 0.0% |
| Legal reserve | 130 | €34,656 | €34,656 | = | 0.0% |
| Distributable reserves | 133 | €438,901 | €486,473 | +€47,571 | +10.8% |
| Profit (loss) carried forward | 14 | €320,201 | €320,201 | = | 0.0% |
| Amounts payable | 17/49 | €2,754,977 | €2,736,523 | -€18,454 | -0.7% |
| Amounts payable after more than one year | 17 | €2,211,260 | €1,831,050 | -€380,211 | -17.2% |
| Financial debts | 170/4 | €2,211,260 | €1,831,050 | -€380,211 | -17.2% |
| Amounts payable within one year | 42/48 | €533,176 | €905,474 | +€372,298 | +69.8% |
| Current portion of amounts payable after more than one year | 42 | €131,178 | €117,860 | -€13,319 | -10.2% |
| Trade debts | 44 | €87,796 | €516,631 | +€428,835 | +488.4% |
| Suppliers | 440/4 | €87,796 | €516,631 | +€428,835 | +488.4% |
| Advances received on contracts in progress | 46 | €63,074 | €52,433 | -€10,641 | -16.9% |
| Taxes, remuneration and social security | 45 | €99,832 | €100,532 | +€700 | +0.7% |
| Taxes | 450/3 | €30,099 | €30,219 | +€121 | +0.4% |
| Remuneration and social security | 454/9 | €69,733 | €70,313 | +€580 | +0.8% |
| Other amounts payable | 47/48 | €151,296 | €118,018 | -€33,277 | -22.0% |
| Accrued charges and deferred income | 492/3 | €10,541 | - | -€10,541 | |
| Remuneration, social security and pensions | 62 | €776,277 | €755,258 | -€21,020 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €365,699 | €371,473 | +€5,774 | +1.6% |
| Other operating charges | 640/8 | €63,003 | €84,816 | +€21,813 | +34.6% |
| Gross operating margin | 9900 | €1,409,626 | €1,429,033 | +€19,407 | +1.4% |
| Operating profit (loss) | 9901 | €204,646 | €217,485 | +€12,839 | +6.3% |
| Financial income | 75/76B | €4,288 | €1 | -€4,287 | -100.0% |
| Recurring financial income | 75 | €4,288 | €1 | -€4,287 | -100.0% |
| Financial charges | 65/66B | €137,798 | €107,406 | -€30,392 | -22.1% |
| Recurring financial charges | 65 | €137,798 | €107,406 | -€30,392 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €71,137 | €110,081 | +€38,944 | +54.7% |
| Income taxes | 67/77 | €21,739 | €32,095 | +€10,356 | +47.6% |
| Profit (loss) for the period | 9904 | €49,398 | €77,986 | +€28,589 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,398 | €77,986 | +€28,589 | +57.9% |
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 12 October 2026 via checked.be.