Nevelde: 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.
What changed
Nevelde
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€421
2024 · -€95,101+€95,521
Equity
€10.0m
2024 · €6.7m+€3.3m
Cash
€48,244
2024 · €73,752-€25,508
Balance sheet total
€12.0m
2024 · €8.8m+€3.2m
Largest movements
Assets
- Tangible fixed assets +€3.2m
up €3.2m (+36.4%), from €8.8m to €11.9m
Equity and liabilities
- Contributions +€3.3m
up €3.3m (+49.3%), from €6.7m to €10.0m
Income statement
- Gross operating margin +€43,744
up €43,744 (+30.7%), from €142,393 to €186,137
- Depreciation -€33,873
down €33,873 (-20.8%), from €163,163 to €129,291
- Financial charges -€25,740
down €25,740 (-38.0%), from €67,715 to €41,975
- Other operating charges -€6,542
down €6,542 (-30.8%), from €21,228 to €14,686
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.
Result 2024
-€95,101
Gross operating margin
+€43,744
Depreciation
+€33,873
Other operating charges
+€6,542
Financial income
+€234
Financial charges
+€25,740
Taxes
-€1
Deferred taxes and other
-€14,609
Result 2025
€421
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€100,219
Investment
-€3.3m
Financing
+€3.2m
Cash 2024
€73,752
From operations (derived)
+€100,219
Net result for the year
+€421
Depreciation
+€129,291
Receivables within one year
-€11,912
Smaller working-capital items
+€1,109
Trade debts
-€18,689
Investment (derived)
-€3.3m
Investment in fixed assets (net)
-€3.3m
Financing
+€3.2m
Debts after one year
-€101,670
Contributions, distributions and other
+€3.3m
Cash 2025
€48,244
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,839,283 | €12,012,113 | +€3.2m | +35.9% |
| Fixed assets | 21/28 | €8,755,109 | €11,941,323 | +€3.2m | +36.4% |
| Tangible fixed assets | 22/27 | €8,752,609 | €11,938,823 | +€3.2m | +36.4% |
| Land and buildings | 22 | €8,752,609 | €11,938,823 | +€3.2m | +36.4% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €84,174 | €70,789 | -€13,384 | -15.9% |
| Amounts receivable within one year | 40/41 | €6,750 | €18,662 | +€11,912 | +176% |
| Trade receivables | 40 | €1,750 | €1,266 | -€484 | -27.7% |
| Other amounts receivable | 41 | €5,000 | €17,396 | +€12,396 | +248% |
| Cash at bank and in hand | 54/58 | €73,752 | €48,244 | -€25,508 | -34.6% |
| Deferred charges and accrued income | 490/1 | €3,671 | €3,884 | +€212 | +5.8% |
| Total equity and liabilities | 10/49 | €8,839,283 | €12,012,113 | +€3.2m | +35.9% |
| Equity | 10/15 | €6,662,943 | €9,954,811 | +€3.3m | +49.4% |
| Contributions | 10/11 | €6,674,246 | €9,965,694 | +€3.3m | +49.3% |
| Reserves | 13 | €39,969 | €39,969 | = | 0.0% |
| Distributable reserves | 133 | €39,969 | €39,969 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,273 | -€50,852 | +€421 | +0.8% |
| Amounts payable | 17/49 | €2,176,340 | €2,057,302 | -€119,038 | -5.5% |
| Amounts payable after more than one year | 17 | €1,981,718 | €1,880,048 | -€101,670 | -5.1% |
| Financial debts | 170/4 | €1,395,570 | €1,291,707 | -€103,863 | -7.4% |
| Other amounts payable | 178/9 | €586,148 | €588,341 | +€2,193 | +0.4% |
| Amounts payable within one year | 42/48 | €194,622 | €175,289 | -€19,333 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €103,863 | €103,863 | = | 0.0% |
| Trade debts | 44 | €19,469 | €780 | -€18,689 | -96.0% |
| Suppliers | 440/4 | €19,469 | €780 | -€18,689 | -96.0% |
| Other amounts payable | 47/48 | €71,290 | €70,646 | -€644 | -0.9% |
| Accrued charges and deferred income | 492/3 | - | €1,965 | +€1,965 | |
| Non-recurring operating income | 76A | - | €4,961 | +€4,961 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,163 | €129,291 | -€33,873 | -20.8% |
| Other operating charges | 640/8 | €21,228 | €14,686 | -€6,542 | -30.8% |
| Gross operating margin | 9900 | €142,393 | €186,137 | +€43,744 | +30.7% |
| Operating profit (loss) | 9901 | -€41,998 | €42,160 | +€84,158 | |
| Financial income | 75/76B | €4 | €238 | +€234 | +5,795% |
| Recurring financial income | 75 | €4 | €238 | +€234 | +5,795% |
| Financial charges | 65/66B | €67,715 | €41,975 | -€25,740 | -38.0% |
| Recurring financial charges | 65 | €67,715 | €41,975 | -€25,740 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | -€109,709 | €423 | +€110,132 | |
| Transfer from deferred taxes | 780 | €14,609 | €0 | -€14,609 | -100% |
| Income taxes | 67/77 | €1 | €2 | +€1 | +73.6% |
| Profit (loss) for the period | 9904 | -€95,101 | €421 | +€95,521 | |
| Transfer from tax-exempt reserves | 789 | €43,828 | €0 | -€43,828 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,273 | €421 | +€51,693 |
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 13 October 2026 via checked.be.