NELSY: 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.
NELSY
Largest movements
- Cash +€24,771
up €24,771 (+9.6%), from €256,741 to €281,512
mainly Depreciation (+€25,967) and Receivables within one year (+€4,187)
- Tangible fixed assets -€24,536
down €24,536 (-9.6%), from €255,786 to €231,250
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€4,510
up €4,510 (+21.0%), from €21,457 to €25,967
- Gross operating margin +€952
up €952 (+3.2%), from €29,761 to €30,713
- Other operating charges +€314
up €314 (+3.4%), from €9,374 to €9,688
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 | €519,547 | €513,817 | -€5,730 | -1.1% |
| Fixed assets | 21/28 | €255,786 | €231,250 | -€24,536 | -9.6% |
| Tangible fixed assets | 22/27 | €255,786 | €231,250 | -€24,536 | -9.6% |
| Land and buildings | 22 | €255,786 | €231,250 | -€24,536 | -9.6% |
| Current assets | 29/58 | €263,761 | €282,567 | +€18,806 | +7.1% |
| Amounts receivable within one year | 40/41 | €5,242 | €1,055 | -€4,187 | -79.9% |
| Trade receivables | 40 | €4,601 | - | -€4,601 | |
| Other amounts receivable | 41 | €641 | €1,055 | +€414 | +64.6% |
| Cash at bank and in hand | 54/58 | €256,741 | €281,512 | +€24,771 | +9.6% |
| Deferred charges and accrued income | 490/1 | €1,778 | - | -€1,778 | |
| Total equity and liabilities | 10/49 | €519,547 | €513,817 | -€5,730 | -1.1% |
| Equity | 10/15 | €488,108 | €484,511 | -€3,597 | -0.7% |
| Contributions | 10/11 | €514,000 | €514,000 | = | 0.0% |
| Capital | 10 | €514,000 | €514,000 | = | 0.0% |
| Issued capital | 100 | €514,000 | €514,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,892 | -€29,489 | -€3,597 | -13.9% |
| Amounts payable | 17/49 | €31,439 | €29,306 | -€2,133 | -6.8% |
| Amounts payable after more than one year | 17 | €698 | €698 | = | 0.0% |
| Other amounts payable | 178/9 | €698 | €698 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,741 | €28,608 | -€2,133 | -6.9% |
| Trade debts | 44 | €7,416 | €4,348 | -€3,068 | -41.4% |
| Suppliers | 440/4 | €7,416 | €4,348 | -€3,068 | -41.4% |
| Other amounts payable | 47/48 | €23,325 | €24,260 | +€935 | +4.0% |
| Non-recurring operating income | 76A | €350 | - | -€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,457 | €25,967 | +€4,510 | +21.0% |
| Other operating charges | 640/8 | €9,374 | €9,688 | +€314 | +3.4% |
| Gross operating margin | 9900 | €29,761 | €30,713 | +€952 | +3.2% |
| Operating profit (loss) | 9901 | -€1,070 | -€4,942 | -€3,872 | -361.7% |
| Financial income | 75/76B | €1,580 | €1,381 | -€199 | -12.6% |
| Recurring financial income | 75 | €1,580 | €1,381 | -€199 | -12.6% |
| Financial charges | 65/66B | €46 | €35 | -€10 | -22.5% |
| Recurring financial charges | 65 | €46 | €35 | -€10 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €464 | -€3,597 | -€4,061 | |
| Profit (loss) for the period | 9904 | €464 | -€3,597 | -€4,061 | |
| Profit (loss) for the period to be appropriated | 9905 | €464 | -€3,597 | -€4,061 |
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.