NELSON GENT: 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.
NELSON GENT
Largest movements
- Tangible fixed assets +€6.1m
up €6.1m (+40.4%), from €15.1m to €21.2m
of which Land and buildings: +€4.8m
- Cash -€939,028
down €939,028 (-59.9%), from €1.6m to €627,616
mainly Investment in fixed assets (net) (-€6.9m) and Net result for the year (-€840,360)
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Intangible fixed assets +€372,207
new in 2025: €372,207
- Debts after one year +€2.9m
up €2.9m (+35.1%), from €8.2m to €11.1m
- Contributions +€2.1m
up €2.1m (+21.0%), from €10.0m to €12.1m
- Profit (loss) carried forward -€840,360
down €840,360 (-65.9%), from -€1.3m to -€2.1m
- Current portion of long-term debt +€532,686
up €532,686 (+1,725%), from €30,886 to €563,572
- Trade debts +€284,009
up €284,009 (+79.1%), from €359,119 to €643,128
- Purchases and services +€895,645
new in 2025: €895,645
- Depreciation +€396,625
new in 2025: €396,625
- Gross operating margin +€258,270
up €258,270 (+59.1%), from -€436,696 to -€178,426
- Financial charges -€175,268
down €175,268 (-60.1%), from €291,635 to €116,367
- Staff costs +€120,904
new in 2025: €120,904
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 | €17,364,854 | €22,486,953 | +€5.1m | +29.5% |
| Fixed assets | 21/28 | €15,126,370 | €21,615,508 | +€6.5m | +42.9% |
| Intangible fixed assets | 21 | - | €372,207 | +€372,207 | |
| Tangible fixed assets | 22/27 | €15,126,370 | €21,243,301 | +€6.1m | +40.4% |
| Land and buildings | 22 | €15,126,370 | €19,922,625 | +€4.8m | +31.7% |
| Plant, machinery and equipment | 23 | - | €19,798 | +€19,798 | |
| Furniture and vehicles | 24 | - | €1,300,877 | +€1.3m | |
| Current assets | 29/58 | €2,238,484 | €871,446 | -€1.4m | -61.1% |
| Amounts receivable within one year | 40/41 | €171,840 | €229,343 | +€57,503 | +33.5% |
| Trade receivables | 40 | - | €124,980 | +€124,980 | |
| Other amounts receivable | 41 | €171,840 | €104,363 | -€67,477 | -39.3% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €1,566,644 | €627,616 | -€939,028 | -59.9% |
| Deferred charges and accrued income | 490/1 | - | €14,486 | +€14,486 | |
| Total equity and liabilities | 10/49 | €17,364,854 | €22,486,953 | +€5.1m | +29.5% |
| Equity | 10/15 | €8,730,460 | €9,990,100 | +€1.3m | +14.4% |
| Contributions | 10/11 | €10,005,000 | €12,105,000 | +€2.1m | +21.0% |
| Capital | 10 | - | €12,105,000 | +€12.1m | |
| Issued capital | 100 | - | €16,105,000 | +€16.1m | |
| Uncalled capital | 101 | - | €4,000,000 | +€4.0m | |
| Profit (loss) carried forward | 14 | -€1,274,540 | -€2,114,900 | -€840,360 | -65.9% |
| Amounts payable | 17/49 | €8,634,394 | €12,496,853 | +€3.9m | +44.7% |
| Amounts payable after more than one year | 17 | €8,244,389 | €11,136,570 | +€2.9m | +35.1% |
| Financial debts | 170/4 | €8,244,389 | €11,136,570 | +€2.9m | +35.1% |
| Amounts payable within one year | 42/48 | €390,005 | €1,311,263 | +€921,258 | +236% |
| Current portion of amounts payable after more than one year | 42 | €30,886 | €563,572 | +€532,686 | +1,725% |
| Trade debts | 44 | €359,119 | €643,128 | +€284,009 | +79.1% |
| Suppliers | 440/4 | €359,119 | €643,128 | +€284,009 | +79.1% |
| Advances received on contracts in progress | 46 | - | €83,736 | +€83,736 | |
| Taxes, remuneration and social security | 45 | - | €20,826 | +€20,826 | |
| Taxes | 450/3 | - | €20,826 | +€20,826 | |
| Accrued charges and deferred income | 492/3 | - | €49,020 | +€49,020 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €895,645 | +€895,645 | |
| Remuneration, social security and pensions | 62 | - | €120,904 | +€120,904 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €396,625 | +€396,625 | |
| Other operating charges | 640/8 | €968 | €33,424 | +€32,457 | +3,355% |
| Gross operating margin | 9900 | -€436,696 | -€178,426 | +€258,270 | +59.1% |
| Operating profit (loss) | 9901 | -€437,664 | -€729,379 | -€291,716 | -66.7% |
| Financial income | 75/76B | €35,981 | €5,386 | -€30,595 | -85.0% |
| Recurring financial income | 75 | €35,981 | €5,386 | -€30,595 | -85.0% |
| Financial charges | 65/66B | €291,635 | €116,367 | -€175,268 | -60.1% |
| Recurring financial charges | 65 | €291,635 | €116,367 | -€175,268 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | -€693,317 | -€840,360 | -€147,043 | -21.2% |
| Profit (loss) for the period | 9904 | -€693,317 | -€840,360 | -€147,043 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€693,317 | -€840,360 | -€147,043 | -21.2% |
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 18 October 2026 via checked.be.