NELTECH: 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.
NELTECH
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-13.9%), from €144,110 to €124,110
- Cash -€14,662
down €14,662 (-43.5%), from €33,711 to €19,049
mainly Trade debts (-€74,613) and Tax, wage and social debts (-€15,856)
- Receivables within one year +€13,508
up €13,508 (+24.1%), from €56,010 to €69,519
of which Other amounts receivable: +€9,071
- Stocks and contracts -€9,717
down €9,717 (-17.0%), from €57,211 to €47,494
of which Stocks: -€9,210
- Deferred charges and accrued income -€5,909
down €5,909 (-26.0%), from €22,755 to €16,846
- Trade debts -€74,613
down €74,613 (-69.2%), from €107,873 to €33,260
- Reserves +€57,947
up €57,947 (+38.9%), from €148,888 to €206,835
- Tax, wage and social debts -€15,856
down €15,856 (-32.5%), from €48,766 to €32,910
of which Taxes: -€15,056
- Debts after one year -€6,281
down €6,281 (-30.3%), from €20,745 to €14,464
No income-statement line moved by more than 1% of the activity.
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 | €349,032 | €308,386 | -€40,646 | -11.6% |
| Fixed assets | 21/28 | €179,345 | €155,480 | -€23,865 | -13.3% |
| Intangible fixed assets | 21 | €144,110 | €124,110 | -€20,000 | -13.9% |
| Tangible fixed assets | 22/27 | €35,235 | €31,370 | -€3,865 | -11.0% |
| Plant, machinery and equipment | 23 | €600 | €1,319 | +€720 | +120.0% |
| Furniture and vehicles | 24 | €31,107 | €21,862 | -€9,245 | -29.7% |
| Other tangible fixed assets | 26 | €3,529 | €8,189 | +€4,660 | +132.0% |
| Current assets | 29/58 | €169,687 | €152,907 | -€16,780 | -9.9% |
| Stocks and contracts in progress | 3 | €57,211 | €47,494 | -€9,717 | -17.0% |
| Stocks | 30/36 | €47,473 | €38,263 | -€9,210 | -19.4% |
| Contracts in progress | 37 | €9,738 | €9,231 | -€507 | -5.2% |
| Amounts receivable within one year | 40/41 | €56,010 | €69,519 | +€13,508 | +24.1% |
| Trade receivables | 40 | €45,446 | €49,883 | +€4,437 | +9.8% |
| Other amounts receivable | 41 | €10,565 | €19,636 | +€9,071 | +85.9% |
| Cash at bank and in hand | 54/58 | €33,711 | €19,049 | -€14,662 | -43.5% |
| Deferred charges and accrued income | 490/1 | €22,755 | €16,846 | -€5,909 | -26.0% |
| Total equity and liabilities | 10/49 | €349,032 | €308,386 | -€40,646 | -11.6% |
| Equity | 10/15 | €158,888 | €216,835 | +€57,947 | +36.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €148,888 | €206,835 | +€57,947 | +38.9% |
| Distributable reserves | 133 | €148,888 | €206,835 | +€57,947 | +38.9% |
| Amounts payable | 17/49 | €190,144 | €91,551 | -€98,592 | -51.9% |
| Amounts payable after more than one year | 17 | €20,745 | €14,464 | -€6,281 | -30.3% |
| Financial debts | 170/4 | €20,745 | €14,464 | -€6,281 | -30.3% |
| Amounts payable within one year | 42/48 | €165,135 | €74,975 | -€90,160 | -54.6% |
| Current portion of amounts payable after more than one year | 42 | €5,972 | €6,281 | +€309 | +5.2% |
| Trade debts | 44 | €107,873 | €33,260 | -€74,613 | -69.2% |
| Suppliers | 440/4 | €107,873 | €33,260 | -€74,613 | -69.2% |
| Taxes, remuneration and social security | 45 | €48,766 | €32,910 | -€15,856 | -32.5% |
| Taxes | 450/3 | €41,566 | €26,510 | -€15,056 | -36.2% |
| Remuneration and social security | 454/9 | €7,200 | €6,400 | -€800 | -11.1% |
| Other amounts payable | 47/48 | €2,524 | €2,524 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,263 | €2,112 | -€2,151 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,974 | €32,066 | +€1,091 | +3.5% |
| Other operating charges | 640/8 | €680 | €898 | +€218 | +32.1% |
| Gross operating margin | 9900 | €117,522 | €116,592 | -€931 | -0.8% |
| Operating profit (loss) | 9901 | €85,868 | €83,628 | -€2,240 | -2.6% |
| Financial income | 75/76B | €3 | €17 | +€14 | +499.3% |
| Recurring financial income | 75 | €3 | €17 | +€14 | +499.3% |
| Financial charges | 65/66B | €4,375 | €4,044 | -€331 | -7.6% |
| Recurring financial charges | 65 | €4,375 | €4,044 | -€331 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €81,496 | €79,601 | -€1,895 | -2.3% |
| Income taxes | 67/77 | €22,170 | €21,655 | -€515 | -2.3% |
| Profit (loss) for the period | 9904 | €59,326 | €57,947 | -€1,379 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,326 | €57,947 | -€1,379 | -2.3% |
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 4 October 2026 via checked.be.