NELY: 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.
NELY
Largest movements
- Cash +€155,249
up €155,249 (+1602.8%), from €9,686 to €164,935
mainly Receivables within one year (+€76,266) and Other debts (+€72,452)
- Receivables within one year -€76,266
down €76,266 (-92.0%), from €82,890 to €6,624
of which Other amounts receivable: -€49,690
- Tangible fixed assets +€41,630
up €41,630 (+12.8%), from €326,343 to €367,972
of which Land and buildings: +€41,630
- Other debts +€72,452
up €72,452 (+65.5%), from €110,568 to €183,020
- Profit (loss) carried forward +€37,911
up €37,911 (+1189.5%), from €3,187 to €41,098
- Tax, wage and social debts +€26,425
up €26,425 (+1298.5%), from €2,035 to €28,460
of which Taxes: +€23,027
- Debts after one year -€25,302
down €25,302 (-8.5%), from €296,456 to €271,154
- Trade debts +€9,822
new in 2025: €9,822
- Gross operating margin +€67,793
up €67,793 (+282.5%), from €23,997 to €91,790
- Staff costs +€16,541
new in 2025: €16,541
- Taxes +€10,731
up €10,731 (+472.8%), from €2,269 to €13,000
- Financial charges +€7,302
up €7,302 (+136.3%), from €5,357 to €12,658
- Depreciation +€3,140
up €3,140 (+58.5%), from €5,367 to €8,506
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 | €419,278 | €545,640 | +€126,362 | +30.1% |
| Fixed assets | 21/28 | €326,343 | €367,972 | +€41,630 | +12.8% |
| Tangible fixed assets | 22/27 | €326,343 | €367,972 | +€41,630 | +12.8% |
| Land and buildings | 22 | €323,920 | €365,550 | +€41,630 | +12.9% |
| Furniture and vehicles | 24 | €2,422 | €2,422 | = | 0.0% |
| Current assets | 29/58 | €92,935 | €177,668 | +€84,733 | +91.2% |
| Stocks and contracts in progress | 3 | - | €2,750 | +€2,750 | |
| Stocks | 30/36 | - | €2,750 | +€2,750 | |
| Amounts receivable within one year | 40/41 | €82,890 | €6,624 | -€76,266 | -92.0% |
| Trade receivables | 40 | €32,890 | €6,314 | -€26,577 | -80.8% |
| Other amounts receivable | 41 | €50,000 | €310 | -€49,690 | -99.4% |
| Cash at bank and in hand | 54/58 | €9,686 | €164,935 | +€155,249 | +1602.8% |
| Deferred charges and accrued income | 490/1 | €359 | €3,359 | +€3,000 | +835.2% |
| Total equity and liabilities | 10/49 | €419,278 | €545,640 | +€126,362 | +30.1% |
| Equity | 10/15 | €6,187 | €44,098 | +€37,911 | +612.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,187 | €41,098 | +€37,911 | +1189.5% |
| Amounts payable | 17/49 | €413,091 | €501,543 | +€88,452 | +21.4% |
| Amounts payable after more than one year | 17 | €296,456 | €271,154 | -€25,302 | -8.5% |
| Financial debts | 170/4 | €296,456 | €271,154 | -€25,302 | -8.5% |
| Amounts payable within one year | 42/48 | €116,635 | €230,388 | +€113,754 | +97.5% |
| Current portion of amounts payable after more than one year | 42 | €4,031 | €9,086 | +€5,054 | +125.4% |
| Trade debts | 44 | - | €9,822 | +€9,822 | |
| Suppliers | 440/4 | - | €9,822 | +€9,822 | |
| Taxes, remuneration and social security | 45 | €2,035 | €28,460 | +€26,425 | +1298.5% |
| Taxes | 450/3 | €2,035 | €25,062 | +€23,027 | +1131.5% |
| Remuneration and social security | 454/9 | - | €3,398 | +€3,398 | |
| Other amounts payable | 47/48 | €110,568 | €183,020 | +€72,452 | +65.5% |
| Non-recurring operating income | 76A | €92 | - | -€92 | |
| Remuneration, social security and pensions | 62 | - | €16,541 | +€16,541 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,367 | €8,506 | +€3,140 | +58.5% |
| Other operating charges | 640/8 | €617 | €3,211 | +€2,593 | +420.1% |
| Gross operating margin | 9900 | €23,997 | €91,790 | +€67,793 | +282.5% |
| Operating profit (loss) | 9901 | €18,013 | €63,533 | +€45,519 | +252.7% |
| Financial income | 75/76B | €4 | €36 | +€32 | +729.3% |
| Recurring financial income | 75 | €4 | €36 | +€32 | +729.3% |
| Financial charges | 65/66B | €5,357 | €12,658 | +€7,302 | +136.3% |
| Recurring financial charges | 65 | €5,357 | €12,658 | +€7,302 | +136.3% |
| Profit (loss) for the period before taxes | 9903 | €12,661 | €50,911 | +€38,250 | +302.1% |
| Income taxes | 67/77 | €2,269 | €13,000 | +€10,731 | +472.8% |
| Profit (loss) for the period | 9904 | €10,391 | €37,911 | +€27,519 | +264.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,391 | €37,911 | +€27,519 | +264.8% |
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 30 September 2026 via checked.be.