NELSON JAM: 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 JAM
Largest movements
- Intangible fixed assets -€200,000
down €200,000 (-26.7%), from €750,000 to €550,000
- Cash -€44,071
down €44,071 (-69.5%), from €63,448 to €19,377
mainly Net result for the year (-€236,733) and Receivables within one year (-€21,320)
- Receivables within one year +€21,320
up €21,320 (+45.6%), from €46,763 to €68,083
- Profit (loss) carried forward -€236,733
down €236,733 (-50.2%), from -€471,865 to -€708,598
- Trade debts +€16,761
up €16,761 (+79.1%), from €21,187 to €37,948
- Gross operating margin -€54,656
down €54,656 (-83.7%), from €65,328 to €10,672
- Staff costs +€8,369
up €8,369 (+22.7%), from €36,863 to €45,233
- Other operating charges +€1,355
new in 2025: €1,355
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 | €862,821 | €640,712 | -€222,110 | -25.7% |
| Fixed assets | 21/28 | €752,611 | €553,252 | -€199,359 | -26.5% |
| Intangible fixed assets | 21 | €750,000 | €550,000 | -€200,000 | -26.7% |
| Tangible fixed assets | 22/27 | €2,611 | €3,252 | +€641 | +24.6% |
| Furniture and vehicles | 24 | €2,611 | €3,252 | +€641 | +24.6% |
| Current assets | 29/58 | €110,210 | €87,460 | -€22,751 | -20.6% |
| Amounts receivable within one year | 40/41 | €46,763 | €68,083 | +€21,320 | +45.6% |
| Other amounts receivable | 41 | €46,763 | €68,083 | +€21,320 | +45.6% |
| Cash at bank and in hand | 54/58 | €63,448 | €19,377 | -€44,071 | -69.5% |
| Total equity and liabilities | 10/49 | €862,821 | €640,712 | -€222,110 | -25.7% |
| Equity | 10/15 | -€453,265 | -€689,998 | -€236,733 | -52.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€471,865 | -€708,598 | -€236,733 | -50.2% |
| Amounts payable | 17/49 | €1,316,086 | €1,330,710 | +€14,623 | +1.1% |
| Amounts payable within one year | 42/48 | €1,316,086 | €1,330,710 | +€14,623 | +1.1% |
| Trade debts | 44 | €21,187 | €37,948 | +€16,761 | +79.1% |
| Suppliers | 440/4 | €21,187 | €37,948 | +€16,761 | +79.1% |
| Taxes, remuneration and social security | 45 | €185 | €4,118 | +€3,933 | +2128.3% |
| Taxes | 450/3 | €185 | €815 | +€630 | +340.9% |
| Remuneration and social security | 454/9 | - | €3,303 | +€3,303 | |
| Other amounts payable | 47/48 | €1,294,715 | €1,288,644 | -€6,071 | -0.5% |
| Remuneration, social security and pensions | 62 | €36,863 | €45,233 | +€8,369 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,608 | €200,608 | = | 0.0% |
| Other operating charges | 640/8 | - | €1,355 | +€1,355 | |
| Gross operating margin | 9900 | €65,328 | €10,672 | -€54,656 | -83.7% |
| Operating profit (loss) | 9901 | -€172,143 | -€236,523 | -€64,380 | -37.4% |
| Financial income | 75/76B | €54 | €58 | +€4 | +7.4% |
| Recurring financial income | 75 | €54 | €58 | +€4 | +7.4% |
| Financial charges | 65/66B | €215 | €268 | +€52 | +24.2% |
| Recurring financial charges | 65 | €215 | €268 | +€52 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | -€172,305 | -€236,733 | -€64,428 | -37.4% |
| Profit (loss) for the period | 9904 | -€172,305 | -€236,733 | -€64,428 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€172,305 | -€236,733 | -€64,428 | -37.4% |
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 7 October 2026 via checked.be.