NELYAN: 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.
NELYAN
Largest movements
- Receivables within one year +€136,007
up €136,007 (+115.4%), from €117,830 to €253,837
of which Other amounts receivable: +€140,476
- Intangible fixed assets -€43,300
down €43,300 (-11.2%), from €388,162 to €344,862
- Tangible fixed assets +€38,358
up €38,358 (+240.3%), from €15,962 to €54,320
of which Plant, machinery and equipment: +€31,478
- Trade debts +€56,110
up €56,110 (+10.7%), from €526,659 to €582,770
- Profit (loss) carried forward +€53,121
up €53,121 (+60.8%), from -€87,345 to -€34,223
- Accrued charges and deferred income +€39,850
up €39,850 (+34.6%), from €115,099 to €154,949
- Debts after one year -€13,980
down €13,980 (-4.8%), from €290,423 to €276,443
- Gross operating margin +€216,670
up €216,670 (+38.3%), from €565,708 to €782,379
- Staff costs +€71,877
up €71,877 (+13.5%), from €532,870 to €604,748
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 | €1,015,961 | €1,161,523 | +€145,562 | +14.3% |
| Formation expenses | 20 | €7,763 | €5,798 | -€1,965 | -25.3% |
| Fixed assets | 21/28 | €404,124 | €399,182 | -€4,942 | -1.2% |
| Intangible fixed assets | 21 | €388,162 | €344,862 | -€43,300 | -11.2% |
| Tangible fixed assets | 22/27 | €15,962 | €54,320 | +€38,358 | +240.3% |
| Plant, machinery and equipment | 23 | €12,839 | €44,317 | +€31,478 | +245.2% |
| Furniture and vehicles | 24 | €3,123 | €10,003 | +€6,880 | +220.3% |
| Current assets | 29/58 | €604,075 | €756,543 | +€152,469 | +25.2% |
| Stocks and contracts in progress | 3 | €322,725 | €327,897 | +€5,172 | +1.6% |
| Stocks | 30/36 | €322,725 | €327,897 | +€5,172 | +1.6% |
| Amounts receivable within one year | 40/41 | €117,830 | €253,837 | +€136,007 | +115.4% |
| Trade receivables | 40 | €37,525 | €33,055 | -€4,469 | -11.9% |
| Other amounts receivable | 41 | €80,305 | €220,781 | +€140,476 | +174.9% |
| Cash at bank and in hand | 54/58 | €133,556 | €143,421 | +€9,865 | +7.4% |
| Deferred charges and accrued income | 490/1 | €29,965 | €31,389 | +€1,424 | +4.8% |
| Total equity and liabilities | 10/49 | €1,015,961 | €1,161,523 | +€145,562 | +14.3% |
| Equity | 10/15 | -€37,345 | €15,777 | +€53,121 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,345 | -€34,223 | +€53,121 | +60.8% |
| Amounts payable | 17/49 | €1,053,306 | €1,145,747 | +€92,441 | +8.8% |
| Amounts payable after more than one year | 17 | €290,423 | €276,443 | -€13,980 | -4.8% |
| Financial debts | 170/4 | €290,423 | €276,443 | -€13,980 | -4.8% |
| Amounts payable within one year | 42/48 | €647,784 | €714,355 | +€66,571 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €54,917 | €57,598 | +€2,681 | +4.9% |
| Trade debts | 44 | €526,659 | €582,770 | +€56,110 | +10.7% |
| Suppliers | 440/4 | €526,659 | €582,770 | +€56,110 | +10.7% |
| Taxes, remuneration and social security | 45 | €66,208 | €73,987 | +€7,779 | +11.7% |
| Taxes | 450/3 | €1,144 | €386 | -€758 | -66.3% |
| Remuneration and social security | 454/9 | €65,064 | €73,601 | +€8,537 | +13.1% |
| Accrued charges and deferred income | 492/3 | €115,099 | €154,949 | +€39,850 | +34.6% |
| Remuneration, social security and pensions | 62 | €532,870 | €604,748 | +€71,877 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,021 | €53,767 | +€5,746 | +12.0% |
| Other operating charges | 640/8 | €30,109 | €32,827 | +€2,718 | +9.0% |
| Gross operating margin | 9900 | €565,708 | €782,379 | +€216,670 | +38.3% |
| Operating profit (loss) | 9901 | -€45,292 | €91,038 | +€136,330 | |
| Financial income | 75/76B | €5,021 | €9,919 | +€4,898 | +97.5% |
| Recurring financial income | 75 | €5,021 | €9,919 | +€4,898 | +97.5% |
| Financial charges | 65/66B | €47,074 | €47,707 | +€633 | +1.3% |
| Recurring financial charges | 65 | €47,074 | €47,707 | +€633 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€87,345 | €53,251 | +€140,595 | |
| Income taxes | 67/77 | - | €129 | +€129 | |
| Profit (loss) for the period | 9904 | -€87,345 | €53,121 | +€140,466 | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,345 | €53,121 | +€140,466 |
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 8 October 2026 via checked.be.