NEVELMAN: 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.
NEVELMAN
Largest movements
- Receivables within one year -€5,820
down €5,820 (-26.8%), from €21,752 to €15,932
of which Other amounts receivable: -€4,278
- Tangible fixed assets -€2,013
down €2,013 (-30.3%), from €6,639 to €4,626
of which Plant, machinery and equipment: -€2,304
- Cash -€1,088
down €1,088 (-11.9%), from €9,122 to €8,034
mainly Net result for the year (-€6,115) and Trade debts (-€3,704)
- Reserves -€6,115
down €6,115 (-32.7%), from €18,675 to €12,559
- Trade debts -€3,704
down €3,704 (-44.4%), from €8,342 to €4,637
- Advances received +€2,307
up €2,307 (+32.0%), from €7,200 to €9,508
- Tax, wage and social debts -€1,263
down €1,263 (-30.9%), from €4,083 to €2,820
of which Taxes: -€1,238
- Gross operating margin -€4,528
down €4,528 (-19.9%), from €22,701 to €18,174
- Staff costs +€2,565
up €2,565 (+15.2%), from €16,908 to €19,472
- Financial income -€924
down €924 (-99.7%), from €927 to €3
- Other operating charges -€584
down €584 (-17.7%), from €3,302 to €2,717
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 | €44,525 | €35,750 | -€8,775 | -19.7% |
| Fixed assets | 21/28 | €9,919 | €7,906 | -€2,013 | -20.3% |
| Tangible fixed assets | 22/27 | €6,639 | €4,626 | -€2,013 | -30.3% |
| Plant, machinery and equipment | 23 | €6,639 | €4,335 | -€2,304 | -34.7% |
| Furniture and vehicles | 24 | - | €291 | +€291 | |
| Financial fixed assets | 28 | €3,280 | €3,280 | = | 0.0% |
| Current assets | 29/58 | €34,606 | €27,844 | -€6,762 | -19.5% |
| Stocks and contracts in progress | 3 | €2,894 | €2,939 | +€44 | +1.5% |
| Stocks | 30/36 | €2,894 | €2,939 | +€44 | +1.5% |
| Amounts receivable within one year | 40/41 | €21,752 | €15,932 | -€5,820 | -26.8% |
| Trade receivables | 40 | €9,401 | €7,858 | -€1,543 | -16.4% |
| Other amounts receivable | 41 | €12,352 | €8,074 | -€4,278 | -34.6% |
| Cash at bank and in hand | 54/58 | €9,122 | €8,034 | -€1,088 | -11.9% |
| Deferred charges and accrued income | 490/1 | €838 | €939 | +€101 | +12.1% |
| Total equity and liabilities | 10/49 | €44,525 | €35,750 | -€8,775 | -19.7% |
| Equity | 10/15 | €24,875 | €18,759 | -€6,115 | -24.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,675 | €12,559 | -€6,115 | -32.7% |
| Distributable reserves | 133 | €18,675 | €12,559 | -€6,115 | -32.7% |
| Amounts payable | 17/49 | €19,651 | €16,991 | -€2,660 | -13.5% |
| Amounts payable within one year | 42/48 | €19,651 | €16,991 | -€2,660 | -13.5% |
| Financial debts | 43 | €26 | €26 | = | 0.0% |
| Credit institutions | 430/8 | €26 | €26 | = | 0.0% |
| Trade debts | 44 | €8,342 | €4,637 | -€3,704 | -44.4% |
| Suppliers | 440/4 | €8,342 | €4,637 | -€3,704 | -44.4% |
| Advances received on contracts in progress | 46 | €7,200 | €9,508 | +€2,307 | +32.0% |
| Taxes, remuneration and social security | 45 | €4,083 | €2,820 | -€1,263 | -30.9% |
| Taxes | 450/3 | €3,709 | €2,471 | -€1,238 | -33.4% |
| Remuneration and social security | 454/9 | €374 | €349 | -€24 | -6.5% |
| Remuneration, social security and pensions | 62 | €16,908 | €19,472 | +€2,565 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,204 | €2,013 | -€191 | -8.6% |
| Other operating charges | 640/8 | €3,302 | €2,717 | -€584 | -17.7% |
| Gross operating margin | 9900 | €22,701 | €18,174 | -€4,528 | -19.9% |
| Operating profit (loss) | 9901 | €288 | -€6,029 | -€6,317 | |
| Financial income | 75/76B | €927 | €3 | -€924 | -99.7% |
| Recurring financial income | 75 | €927 | €3 | -€924 | -99.7% |
| Financial charges | 65/66B | €92 | €89 | -€2 | -2.6% |
| Recurring financial charges | 65 | €92 | €89 | -€2 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €1,123 | -€6,115 | -€7,239 | |
| Income taxes | 67/77 | €102 | €0 | -€102 | -100% |
| Profit (loss) for the period | 9904 | €1,021 | -€6,115 | -€7,137 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,021 | -€6,115 | -€7,137 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.