NELTA: 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.
NELTA
Largest movements
- Tangible fixed assets -€8,872
down €8,872 (-20.1%), from €44,239 to €35,367
- Cash -€1,307
down €1,307 (-44.5%), from €2,938 to €1,631
mainly Debts after one year (-€11,272) and Other debts (-€6,195)
- Stocks and contracts +€1,169
up €1,169 (+25.6%), from €4,576 to €5,745
- Debts after one year -€11,272
down €11,272 (-59.2%), from €19,050 to €7,779
- Profit (loss) carried forward +€7,809
up €7,809 (+61.4%), from -€12,718 to -€4,909
- Other debts -€6,195
down €6,195 (-94.3%), from €6,569 to €375
- Gross operating margin -€6,656
down €6,656 (-25.5%), from €26,150 to €19,494
- Other operating charges -€362
down €362 (-31.7%), from €1,143 to €781
- Financial charges -€304
down €304 (-17.9%), from €1,699 to €1,395
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 | €51,804 | €42,758 | -€9,046 | -17.5% |
| Fixed assets | 21/28 | €44,239 | €35,367 | -€8,872 | -20.1% |
| Tangible fixed assets | 22/27 | €44,239 | €35,367 | -€8,872 | -20.1% |
| Land and buildings | 22 | €44,239 | €35,367 | -€8,872 | -20.1% |
| Current assets | 29/58 | €7,565 | €7,390 | -€175 | -2.3% |
| Stocks and contracts in progress | 3 | €4,576 | €5,745 | +€1,169 | +25.6% |
| Stocks | 30/36 | €4,576 | €5,745 | +€1,169 | +25.6% |
| Amounts receivable within one year | 40/41 | €9 | €14 | +€5 | +60.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9 | €14 | +€5 | +60.0% |
| Cash at bank and in hand | 54/58 | €2,938 | €1,631 | -€1,307 | -44.5% |
| Deferred charges and accrued income | 490/1 | €42 | €0 | -€42 | -100% |
| Total equity and liabilities | 10/49 | €51,804 | €42,758 | -€9,046 | -17.5% |
| Equity | 10/15 | €12,874 | €20,683 | +€7,809 | +60.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,718 | -€4,909 | +€7,809 | +61.4% |
| Amounts payable | 17/49 | €38,930 | €22,074 | -€16,856 | -43.3% |
| Amounts payable after more than one year | 17 | €19,050 | €7,779 | -€11,272 | -59.2% |
| Financial debts | 170/4 | €19,050 | €7,779 | -€11,272 | -59.2% |
| Amounts payable within one year | 42/48 | €19,879 | €14,296 | -€5,584 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €10,814 | €11,272 | +€458 | +4.2% |
| Trade debts | 44 | €1,849 | €1,744 | -€104 | -5.6% |
| Suppliers | 440/4 | €1,849 | €1,744 | -€104 | -5.6% |
| Taxes, remuneration and social security | 45 | €648 | €905 | +€257 | +39.7% |
| Taxes | 450/3 | €648 | €905 | +€257 | +39.7% |
| Other amounts payable | 47/48 | €6,569 | €375 | -€6,195 | -94.3% |
| Remuneration, social security and pensions | 62 | €605 | €636 | +€31 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,872 | €8,872 | = | 0.0% |
| Other operating charges | 640/8 | €1,143 | €781 | -€362 | -31.7% |
| Gross operating margin | 9900 | €26,150 | €19,494 | -€6,656 | -25.5% |
| Operating profit (loss) | 9901 | €15,529 | €9,204 | -€6,325 | -40.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,699 | €1,395 | -€304 | -17.9% |
| Recurring financial charges | 65 | €1,699 | €1,395 | -€304 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €13,830 | €7,809 | -€6,021 | -43.5% |
| Profit (loss) for the period | 9904 | €13,830 | €7,809 | -€6,021 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,830 | €7,809 | -€6,021 | -43.5% |
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 29 October 2026 via checked.be.