Nelson Devos: 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.
Nelson Devos
Largest movements
- Cash +€44,736
up €44,736 (+299.1%), from €14,958 to €59,693
mainly Net result for the year (+€34,408) and Depreciation (+€29,723)
- Receivables within one year -€18,672
down €18,672 (-31.5%), from €59,201 to €40,529
of which Trade receivables: -€19,725
- Intangible fixed assets -€18,571
down €18,571 (-25.0%), from €74,286 to €55,714
- Tangible fixed assets -€11,151
down €11,151 (-49.1%), from €22,694 to €11,543
- Reserves +€34,408
up €34,408 (+132.2%), from €26,029 to €60,437
- Profit (loss) carried forward -€18,700
no longer reported in 2024 (was €18,700)
- Other debts -€17,305
down €17,305 (-27.8%), from €62,279 to €44,975
- Current portion of long-term debt -€9,302
down €9,302 (-91.5%), from €10,161 to €860
- Trade debts +€6,040
up €6,040 (+15.9%), from €38,043 to €44,083
- Gross operating margin +€17,148
up €17,148 (+23.5%), from €72,967 to €90,115
- Taxes +€5,057
up €5,057 (+37.2%), from €13,583 to €18,639
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,309 | €169,987 | -€2,322 | -1.3% |
| Fixed assets | 21/28 | €96,980 | €67,257 | -€29,723 | -30.6% |
| Intangible fixed assets | 21 | €74,286 | €55,714 | -€18,571 | -25.0% |
| Tangible fixed assets | 22/27 | €22,694 | €11,543 | -€11,151 | -49.1% |
| Plant, machinery and equipment | 23 | €7,740 | €3,870 | -€3,870 | -50.0% |
| Furniture and vehicles | 24 | €7,297 | €3,693 | -€3,605 | -49.4% |
| Other tangible fixed assets | 26 | €7,657 | €3,980 | -€3,677 | -48.0% |
| Current assets | 29/58 | €75,329 | €102,730 | +€27,401 | +36.4% |
| Stocks and contracts in progress | 3 | €1,137 | €1,137 | = | 0.0% |
| Stocks | 30/36 | €1,137 | €1,137 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,201 | €40,529 | -€18,672 | -31.5% |
| Trade receivables | 40 | €59,056 | €39,331 | -€19,725 | -33.4% |
| Other amounts receivable | 41 | €145 | €1,198 | +€1,054 | +726.8% |
| Cash at bank and in hand | 54/58 | €14,958 | €59,693 | +€44,736 | +299.1% |
| Deferred charges and accrued income | 490/1 | €33 | €1,370 | +€1,337 | +4032.4% |
| Total equity and liabilities | 10/49 | €172,309 | €169,987 | -€2,322 | -1.3% |
| Equity | 10/15 | €45,729 | €61,437 | +€15,708 | +34.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €26,029 | €60,437 | +€34,408 | +132.2% |
| Distributable reserves | 133 | €26,029 | €60,437 | +€34,408 | +132.2% |
| Profit (loss) carried forward | 14 | €18,700 | - | -€18,700 | |
| Amounts payable | 17/49 | €126,580 | €108,550 | -€18,030 | -14.2% |
| Amounts payable after more than one year | 17 | €860 | - | -€860 | |
| Financial debts | 170/4 | €860 | - | -€860 | |
| Amounts payable within one year | 42/48 | €123,296 | €108,550 | -€14,745 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €10,161 | €860 | -€9,302 | -91.5% |
| Financial debts | 43 | €1,883 | €1,886 | +€3 | +0.2% |
| Credit institutions | 430/8 | €1,883 | €1,886 | +€3 | +0.2% |
| Trade debts | 44 | €38,043 | €44,083 | +€6,040 | +15.9% |
| Suppliers | 440/4 | €38,043 | €44,083 | +€6,040 | +15.9% |
| Taxes, remuneration and social security | 45 | €10,929 | €16,747 | +€5,818 | +53.2% |
| Taxes | 450/3 | €10,929 | €16,747 | +€5,818 | +53.2% |
| Other amounts payable | 47/48 | €62,279 | €44,975 | -€17,305 | -27.8% |
| Accrued charges and deferred income | 492/3 | €2,425 | - | -€2,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,723 | €29,723 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €513 | - | -€513 | |
| Other operating charges | 640/8 | €2,626 | €2,453 | -€173 | -6.6% |
| Gross operating margin | 9900 | €72,967 | €90,115 | +€17,148 | +23.5% |
| Operating profit (loss) | 9901 | €40,105 | €57,939 | +€17,834 | +44.5% |
| Financial income | 75/76B | €639 | €239 | -€400 | -62.6% |
| Recurring financial income | 75 | €639 | €239 | -€400 | -62.6% |
| Financial charges | 65/66B | €4,420 | €5,131 | +€711 | +16.1% |
| Recurring financial charges | 65 | €4,420 | €5,131 | +€711 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €36,324 | €53,047 | +€16,723 | +46.0% |
| Income taxes | 67/77 | €13,583 | €18,639 | +€5,057 | +37.2% |
| Profit (loss) for the period | 9904 | €22,742 | €34,408 | +€11,666 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,742 | €34,408 | +€11,666 | +51.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.