NESSELLE: 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.
NESSELLE
Largest movements
- Cash -€129,449
down €129,449 (-41.2%), from €314,218 to €184,769
mainly Short-term financial debts (-€80,000) and Debts after one year (-€78,107)
- Receivables within one year +€32,882
up €32,882 (+20.0%), from €164,109 to €196,992
of which Other amounts receivable: +€32,882
- Short-term financial debts -€80,000
down €80,000 (-100%), from €80,000 to €0
- Debts after one year -€78,107
down €78,107 (-27.6%), from €283,233 to €205,126
of which Other amounts payable: -€58,000
- Reserves +€46,021
up €46,021 (+3.8%), from €1.2m to €1.3m
- Gross operating margin -€253,078
down €253,078 (-73.9%), from €342,535 to €89,457
- Financial income -€148,869
down €148,869 (-93.6%), from €158,988 to €10,119
- Taxes -€66,977
down €66,977 (-79.1%), from €84,649 to €17,672
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 | €2,432,311 | €2,314,385 | -€117,926 | -4.8% |
| Fixed assets | 21/28 | €1,940,234 | €1,917,382 | -€22,851 | -1.2% |
| Tangible fixed assets | 22/27 | €80,234 | €57,382 | -€22,851 | -28.5% |
| Furniture and vehicles | 24 | €80,234 | €57,382 | -€22,851 | -28.5% |
| Financial fixed assets | 28 | €1,860,000 | €1,860,000 | = | 0.0% |
| Current assets | 29/58 | €492,077 | €397,003 | -€95,075 | -19.3% |
| Amounts receivable within one year | 40/41 | €164,109 | €196,992 | +€32,882 | +20.0% |
| Trade receivables | 40 | €15,500 | €15,500 | = | 0.0% |
| Other amounts receivable | 41 | €148,609 | €181,492 | +€32,882 | +22.1% |
| Cash at bank and in hand | 54/58 | €314,218 | €184,769 | -€129,449 | -41.2% |
| Deferred charges and accrued income | 490/1 | €13,750 | €15,242 | +€1,492 | +10.8% |
| Total equity and liabilities | 10/49 | €2,432,311 | €2,314,385 | -€117,926 | -4.8% |
| Equity | 10/15 | €1,695,276 | €1,741,296 | +€46,021 | +2.7% |
| Contributions | 10/11 | €487,710 | €487,710 | = | 0.0% |
| Reserves | 13 | €1,207,566 | €1,253,586 | +€46,021 | +3.8% |
| Distributable reserves | 133 | €1,207,566 | €1,253,586 | +€46,021 | +3.8% |
| Amounts payable | 17/49 | €737,035 | €573,089 | -€163,947 | -22.2% |
| Amounts payable after more than one year | 17 | €283,233 | €205,126 | -€78,107 | -27.6% |
| Financial debts | 170/4 | €51,943 | €31,836 | -€20,107 | -38.7% |
| Other amounts payable | 178/9 | €231,290 | €173,290 | -€58,000 | -25.1% |
| Amounts payable within one year | 42/48 | €447,142 | €363,556 | -€83,586 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €21,782 | €21,782 | = | 0.0% |
| Financial debts | 43 | €80,000 | €0 | -€80,000 | -100% |
| Credit institutions | 430/8 | €80,000 | €0 | -€80,000 | -100% |
| Trade debts | 44 | €1,951 | €1,797 | -€153 | -7.9% |
| Suppliers | 440/4 | €1,951 | €1,797 | -€153 | -7.9% |
| Taxes, remuneration and social security | 45 | €20,409 | €16,977 | -€3,433 | -16.8% |
| Taxes | 450/3 | €15,609 | €12,021 | -€3,589 | -23.0% |
| Remuneration and social security | 454/9 | €4,800 | €4,956 | +€156 | +3.3% |
| Other amounts payable | 47/48 | €323,000 | €323,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,661 | €4,407 | -€2,254 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,851 | €22,851 | = | 0.0% |
| Other operating charges | 640/8 | €1,220 | €1,264 | +€45 | +3.7% |
| Gross operating margin | 9900 | €342,535 | €89,457 | -€253,078 | -73.9% |
| Operating profit (loss) | 9901 | €318,464 | €65,342 | -€253,123 | -79.5% |
| Financial income | 75/76B | €158,988 | €10,119 | -€148,869 | -93.6% |
| Recurring financial income | 75 | €158,988 | €10,119 | -€148,869 | -93.6% |
| Financial charges | 65/66B | €14,237 | €11,768 | -€2,469 | -17.3% |
| Recurring financial charges | 65 | €14,237 | €11,768 | -€2,469 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €463,215 | €63,692 | -€399,523 | -86.2% |
| Income taxes | 67/77 | €84,649 | €17,672 | -€66,977 | -79.1% |
| Profit (loss) for the period | 9904 | €378,566 | €46,021 | -€332,546 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €378,566 | €46,021 | -€332,546 | -87.8% |
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 20 October 2026 via checked.be.