NELTANE: 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.
NELTANE
Largest movements
- Receivables within one year +€449,871
up €449,871 (+90.3%), from €498,225 to €948,096
of which Trade receivables: +€427,795
- Cash -€40,284
down €40,284 (-15.9%), from €252,686 to €212,403
mainly Receivables within one year (-€449,871) and Investment in fixed assets (net) (-€48,234)
- Stocks and contracts +€19,547
up €19,547 (+10.6%), from €184,639 to €204,185
of which Contracts in progress: +€25,437
- Trade debts +€200,910
up €200,910 (+163.6%), from €122,806 to €323,716
- Reserves +€141,346
up €141,346 (+19.0%), from €744,617 to €885,963
of which Distributable reserves: +€341,346
- Other debts +€99,967
up €99,967 (+100.0%), from €100,000 to €199,967
- Debts after one year +€26,892
up €26,892 (+926.3%), from €2,903 to €29,795
- Tax, wage and social debts -€22,152
down €22,152 (-15.2%), from €145,981 to €123,829
of which Taxes: -€27,964
- Taxes -€163,960
down €163,960 (-65.2%), from €251,451 to €87,492
- Staff costs +€66,083
up €66,083 (+9.6%), from €690,030 to €756,113
- Gross operating margin +€16,457
up €16,457 (+1.5%), from €1.1m to €1.1m
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,298,208 | €1,730,749 | +€432,541 | +33.3% |
| Fixed assets | 21/28 | €351,130 | €339,221 | -€11,909 | -3.4% |
| Intangible fixed assets | 21 | €1,850 | €1,463 | -€387 | -20.9% |
| Tangible fixed assets | 22/27 | €231,085 | €225,997 | -€5,088 | -2.2% |
| Plant, machinery and equipment | 23 | €15,091 | €13,904 | -€1,187 | -7.9% |
| Furniture and vehicles | 24 | €78,909 | €79,293 | +€384 | +0.5% |
| Other tangible fixed assets | 26 | €137,086 | €132,799 | -€4,286 | -3.1% |
| Financial fixed assets | 28 | €118,195 | €111,762 | -€6,433 | -5.4% |
| Current assets | 29/58 | €947,078 | €1,391,528 | +€444,449 | +46.9% |
| Stocks and contracts in progress | 3 | €184,639 | €204,185 | +€19,547 | +10.6% |
| Stocks | 30/36 | €138,829 | €132,939 | -€5,890 | -4.2% |
| Contracts in progress | 37 | €45,810 | €71,246 | +€25,437 | +55.5% |
| Amounts receivable within one year | 40/41 | €498,225 | €948,096 | +€449,871 | +90.3% |
| Trade receivables | 40 | €449,287 | €877,082 | +€427,795 | +95.2% |
| Other amounts receivable | 41 | €48,938 | €71,014 | +€22,075 | +45.1% |
| Cash at bank and in hand | 54/58 | €252,686 | €212,403 | -€40,284 | -15.9% |
| Deferred charges and accrued income | 490/1 | €11,528 | €26,844 | +€15,316 | +132.9% |
| Total equity and liabilities | 10/49 | €1,298,208 | €1,730,749 | +€432,541 | +33.3% |
| Equity | 10/15 | €846,117 | €987,463 | +€141,346 | +16.7% |
| Contributions | 10/11 | €101,500 | €101,500 | = | 0.0% |
| Reserves | 13 | €744,617 | €885,963 | +€141,346 | +19.0% |
| Non-distributable reserves | 130/1 | €570,792 | €370,792 | -€200,000 | -35.0% |
| Reserves not available under the articles | 1311 | €570,792 | €370,792 | -€200,000 | -35.0% |
| Distributable reserves | 133 | €173,825 | €515,171 | +€341,346 | +196.4% |
| Amounts payable | 17/49 | €452,091 | €743,286 | +€291,195 | +64.4% |
| Amounts payable after more than one year | 17 | €2,903 | €29,795 | +€26,892 | +926.3% |
| Financial debts | 170/4 | €2,903 | €29,795 | +€26,892 | +926.3% |
| Amounts payable within one year | 42/48 | €449,188 | €713,491 | +€264,303 | +58.8% |
| Current portion of amounts payable after more than one year | 42 | €11,097 | €10,031 | -€1,067 | -9.6% |
| Trade debts | 44 | €122,806 | €323,716 | +€200,910 | +163.6% |
| Suppliers | 440/4 | €122,806 | €323,716 | +€200,910 | +163.6% |
| Advances received on contracts in progress | 46 | €69,303 | €55,948 | -€13,355 | -19.3% |
| Taxes, remuneration and social security | 45 | €145,981 | €123,829 | -€22,152 | -15.2% |
| Taxes | 450/3 | €77,773 | €49,809 | -€27,964 | -36.0% |
| Remuneration and social security | 454/9 | €68,208 | €74,021 | +€5,812 | +8.5% |
| Other amounts payable | 47/48 | €100,000 | €199,967 | +€99,967 | +100.0% |
| Remuneration, social security and pensions | 62 | €690,030 | €756,113 | +€66,083 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,833 | €60,143 | +€1,310 | +2.2% |
| Other operating charges | 640/8 | €2,315 | €2,525 | +€211 | +9.1% |
| Non-recurring operating charges | 66A | €101,897 | €100,275 | -€1,622 | -1.6% |
| Gross operating margin | 9900 | €1,130,038 | €1,146,495 | +€16,457 | +1.5% |
| Operating profit (loss) | 9901 | €276,964 | €227,439 | -€49,525 | -17.9% |
| Financial income | 75/76B | €1,996 | €2,326 | +€329 | +16.5% |
| Recurring financial income | 75 | €1,996 | €2,326 | +€329 | +16.5% |
| Financial charges | 65/66B | €1,101 | €927 | -€173 | -15.7% |
| Recurring financial charges | 65 | €1,101 | €927 | -€173 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €277,860 | €228,838 | -€49,022 | -17.6% |
| Income taxes | 67/77 | €251,451 | €87,492 | -€163,960 | -65.2% |
| Profit (loss) for the period | 9904 | €26,408 | €141,346 | +€114,938 | +435.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,408 | €141,346 | +€114,938 | +435.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.