NELSON MIDI: 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 MIDI
Largest movements
- Tangible fixed assets -€852,603
down €852,603 (-9.0%), from €9.4m to €8.6m
of which Land and buildings: -€852,422
- Cash +€309,812
up €309,812 (+102.9%), from €301,091 to €610,903
mainly Depreciation (+€877,603) and Current investments (+€200,000)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Debts after one year -€739,944
down €739,944 (-10.3%), from €7.2m to €6.5m
- Profit (loss) carried forward -€163,421
down €163,421 (-7.7%), from -€2.1m to -€2.3m
- Other debts +€119,008
new in 2025: €119,008
- Gross operating margin +€72,539
up €72,539 (+6.9%), from €1.0m to €1.1m
- Financial charges -€19,496
down €19,496 (-8.4%), from €230,904 to €211,407
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 | €10,854,051 | €10,087,305 | -€766,746 | -7.1% |
| Fixed assets | 21/28 | €9,426,844 | €8,574,240 | -€852,603 | -9.0% |
| Tangible fixed assets | 22/27 | €9,426,844 | €8,574,240 | -€852,603 | -9.0% |
| Land and buildings | 22 | €9,425,363 | €8,572,940 | -€852,422 | -9.0% |
| Plant, machinery and equipment | 23 | €1,481 | €1,300 | -€181 | -12.2% |
| Current assets | 29/58 | €1,427,207 | €1,513,065 | +€85,858 | +6.0% |
| Amounts receivable within one year | 40/41 | €361,248 | €396,743 | +€35,495 | +9.8% |
| Trade receivables | 40 | €44,807 | €44,808 | +€1 | 0.0% |
| Other amounts receivable | 41 | €316,441 | €351,935 | +€35,494 | +11.2% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €301,091 | €610,903 | +€309,812 | +102.9% |
| Deferred charges and accrued income | 490/1 | €564,867 | €505,418 | -€59,449 | -10.5% |
| Total equity and liabilities | 10/49 | €10,854,051 | €10,087,305 | -€766,746 | -7.1% |
| Equity | 10/15 | €2,887,154 | €2,723,733 | -€163,421 | -5.7% |
| Contributions | 10/11 | €5,000,064 | €5,000,064 | = | 0.0% |
| Capital | 10 | €5,000,064 | €5,000,064 | = | 0.0% |
| Issued capital | 100 | €5,000,064 | €5,000,064 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,112,910 | -€2,276,331 | -€163,421 | -7.7% |
| Amounts payable | 17/49 | €7,966,897 | €7,363,572 | -€603,325 | -7.6% |
| Amounts payable after more than one year | 17 | €7,216,964 | €6,477,020 | -€739,944 | -10.3% |
| Financial debts | 170/4 | €7,216,964 | €6,477,020 | -€739,944 | -10.3% |
| Amounts payable within one year | 42/48 | €749,933 | €886,552 | +€136,619 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €719,941 | €739,944 | +€20,003 | +2.8% |
| Trade debts | 44 | €19,651 | €10,647 | -€9,004 | -45.8% |
| Suppliers | 440/4 | €19,651 | €10,647 | -€9,004 | -45.8% |
| Taxes, remuneration and social security | 45 | €10,341 | €16,953 | +€6,612 | +63.9% |
| Taxes | 450/3 | €10,341 | €16,953 | +€6,612 | +63.9% |
| Other amounts payable | 47/48 | - | €119,008 | +€119,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €876,281 | €877,603 | +€1,322 | +0.2% |
| Other operating charges | 640/8 | €197,138 | €199,536 | +€2,398 | +1.2% |
| Gross operating margin | 9900 | €1,049,553 | €1,122,093 | +€72,539 | +6.9% |
| Operating profit (loss) | 9901 | -€23,865 | €44,953 | +€68,819 | |
| Financial income | 75/76B | €1 | €4,845 | +€4,844 | +691971.4% |
| Recurring financial income | 75 | €1 | €4,845 | +€4,844 | +691971.4% |
| Financial charges | 65/66B | €230,904 | €211,407 | -€19,496 | -8.4% |
| Recurring financial charges | 65 | €230,904 | €211,407 | -€19,496 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€254,769 | -€161,610 | +€93,159 | +36.6% |
| Income taxes | 67/77 | - | €1,811 | +€1,811 | |
| Profit (loss) for the period | 9904 | -€254,769 | -€163,421 | +€91,348 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€254,769 | -€163,421 | +€91,348 | +35.9% |
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 11 October 2026 via checked.be.