Nevelpanter: 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.
Nevelpanter
Largest movements
- Cash -€618,171
down €618,171 (-71.5%), from €865,125 to €246,954
mainly Current investments (-€500,000) and Receivables within one year (-€79,140)
- Current investments +€500,000
new in 2025: €500,000
- Receivables within one year +€79,140
up €79,140 (+157%), from €50,528 to €129,667
of which Trade receivables: +€95,927
- Tangible fixed assets +€15,995
up €15,995 (+967%), from €1,655 to €17,649
of which Furniture and vehicles: +€16,185
- Reserves +€15,798
up €15,798 (+4.0%), from €397,738 to €413,536
- Trade debts -€14,116
down €14,116 (-44.8%), from €31,509 to €17,394
- Tax, wage and social debts -€13,446
down €13,446 (-49.9%), from €26,946 to €13,500
of which Taxes: -€20,896
- Gross operating margin -€238,573
down €238,573 (-90.7%), from €262,964 to €24,391
- Staff costs -€82,658
no longer reported in 2025 (was €82,658)
- Taxes -€38,134
down €38,134 (-83.1%), from €45,896 to €7,762
- Other operating charges -€20,427
down €20,427 (-91.5%), from €22,322 to €1,895
- Financial charges -€7,714
down €7,714 (-85.1%), from €9,069 to €1,355
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 | €918,442 | €895,450 | -€22,992 | -2.5% |
| Fixed assets | 21/28 | €1,655 | €17,649 | +€15,995 | +967% |
| Tangible fixed assets | 22/27 | €1,655 | €17,649 | +€15,995 | +967% |
| Plant, machinery and equipment | 23 | €619 | €429 | -€190 | -30.7% |
| Furniture and vehicles | 24 | €1,036 | €17,221 | +€16,185 | +1,562% |
| Current assets | 29/58 | €916,787 | €877,801 | -€38,986 | -4.3% |
| Amounts receivable within one year | 40/41 | €50,528 | €129,667 | +€79,140 | +157% |
| Trade receivables | 40 | €24,838 | €120,765 | +€95,927 | +386% |
| Other amounts receivable | 41 | €25,689 | €8,902 | -€16,787 | -65.3% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €865,125 | €246,954 | -€618,171 | -71.5% |
| Deferred charges and accrued income | 490/1 | €1,134 | €1,179 | +€45 | +4.0% |
| Total equity and liabilities | 10/49 | €918,442 | €895,450 | -€22,992 | -2.5% |
| Equity | 10/15 | €845,938 | €861,736 | +€15,798 | +1.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €397,738 | €413,536 | +€15,798 | +4.0% |
| Distributable reserves | 133 | €397,738 | €413,536 | +€15,798 | +4.0% |
| Profit (loss) carried forward | 14 | €386,200 | €386,200 | = | 0.0% |
| Amounts payable | 17/49 | €72,503 | €33,714 | -€38,789 | -53.5% |
| Amounts payable after more than one year | 17 | €2,821 | - | -€2,821 | |
| Financial debts | 170/4 | €2,821 | - | -€2,821 | |
| Amounts payable within one year | 42/48 | €69,683 | €33,714 | -€35,969 | -51.6% |
| Current portion of amounts payable after more than one year | 42 | €11,228 | €2,821 | -€8,408 | -74.9% |
| Trade debts | 44 | €31,509 | €17,394 | -€14,116 | -44.8% |
| Suppliers | 440/4 | €31,509 | €17,394 | -€14,116 | -44.8% |
| Taxes, remuneration and social security | 45 | €26,946 | €13,500 | -€13,446 | -49.9% |
| Taxes | 450/3 | €26,946 | €6,050 | -€20,896 | -77.5% |
| Remuneration and social security | 454/9 | - | €7,450 | +€7,450 | |
| Remuneration, social security and pensions | 62 | €82,658 | - | -€82,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620 | €1,582 | +€962 | +155% |
| Other operating charges | 640/8 | €22,322 | €1,895 | -€20,427 | -91.5% |
| Gross operating margin | 9900 | €262,964 | €24,391 | -€238,573 | -90.7% |
| Operating profit (loss) | 9901 | €157,364 | €20,914 | -€136,450 | -86.7% |
| Financial income | 75/76B | €6,030 | €4,001 | -€2,030 | -33.7% |
| Recurring financial income | 75 | €6,030 | €4,001 | -€2,030 | -33.7% |
| Financial charges | 65/66B | €9,069 | €1,355 | -€7,714 | -85.1% |
| Recurring financial charges | 65 | €9,069 | €1,355 | -€7,714 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | €154,326 | €23,560 | -€130,766 | -84.7% |
| Income taxes | 67/77 | €45,896 | €7,762 | -€38,134 | -83.1% |
| Profit (loss) for the period | 9904 | €108,430 | €15,798 | -€92,632 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €108,430 | €15,798 | -€92,632 | -85.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.