NEZER-DECELLE: 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.
NEZER-DECELLE
Largest movements
- Cash +€22,240
up €22,240 (+73.8%), from €30,139 to €52,379
mainly Net result for the year (+€39,920) and Depreciation (+€21,271)
- Tangible fixed assets +€21,422
up €21,422 (+17.1%), from €125,094 to €146,516
of which Land and buildings: +€23,882
- Receivables within one year -€4,787
down €4,787 (-58.4%), from €8,191 to €3,404
of which Other amounts receivable: -€5,498
- Profit (loss) carried forward +€39,920
up €39,920 (+8.9%), from -€449,048 to -€409,128
- Debts after one year -€15,800
down €15,800 (-20.0%), from €78,999 to €63,199
- Other debts +€15,113
up €15,113 (+4.0%), from €376,884 to €391,997
- Financial income +€42,789
up €42,789 (+95086.7%), from €45 to €42,834
of which Non-recurring financial income: +€42,694
- Depreciation -€3,882
down €3,882 (-15.4%), from €25,153 to €21,271
- Gross operating margin +€3,010
up €3,010 (+10.7%), from €28,088 to €31,098
- Financial charges -€2,006
down €2,006 (-30.9%), from €6,499 to €4,493
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 | €164,807 | €203,682 | +€38,875 | +23.6% |
| Fixed assets | 21/28 | €126,477 | €147,899 | +€21,422 | +16.9% |
| Tangible fixed assets | 22/27 | €125,094 | €146,516 | +€21,422 | +17.1% |
| Land and buildings | 22 | €116,490 | €140,372 | +€23,882 | +20.5% |
| Furniture and vehicles | 24 | €8,604 | €6,144 | -€2,460 | -28.6% |
| Financial fixed assets | 28 | €1,383 | €1,383 | = | 0.0% |
| Current assets | 29/58 | €38,330 | €55,783 | +€17,453 | +45.5% |
| Amounts receivable within one year | 40/41 | €8,191 | €3,404 | -€4,787 | -58.4% |
| Trade receivables | 40 | €2,663 | €3,374 | +€711 | +26.7% |
| Other amounts receivable | 41 | €5,528 | €30 | -€5,498 | -99.5% |
| Cash at bank and in hand | 54/58 | €30,139 | €52,379 | +€22,240 | +73.8% |
| Total equity and liabilities | 10/49 | €164,807 | €203,682 | +€38,875 | +23.6% |
| Equity | 10/15 | -€312,707 | -€272,787 | +€39,920 | +12.8% |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Capital | 10 | €136,341 | €136,341 | = | 0.0% |
| Issued capital | 100 | €136,341 | €136,341 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€449,048 | -€409,128 | +€39,920 | +8.9% |
| Amounts payable | 17/49 | €477,514 | €476,469 | -€1,045 | -0.2% |
| Amounts payable after more than one year | 17 | €78,999 | €63,199 | -€15,800 | -20.0% |
| Financial debts | 170/4 | €78,999 | €63,199 | -€15,800 | -20.0% |
| Amounts payable within one year | 42/48 | €398,515 | €413,270 | +€14,755 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €16,654 | €15,800 | -€854 | -5.1% |
| Trade debts | 44 | - | €148 | +€148 | |
| Suppliers | 440/4 | - | €148 | +€148 | |
| Advances received on contracts in progress | 46 | €4,977 | €4,977 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €348 | +€348 | |
| Taxes | 450/3 | - | €348 | +€348 | |
| Other amounts payable | 47/48 | €376,884 | €391,997 | +€15,113 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,153 | €21,271 | -€3,882 | -15.4% |
| Other operating charges | 640/8 | €7,993 | €8,248 | +€255 | +3.2% |
| Gross operating margin | 9900 | €28,088 | €31,098 | +€3,010 | +10.7% |
| Operating profit (loss) | 9901 | -€5,058 | €1,579 | +€6,637 | |
| Financial income | 75/76B | €45 | €42,834 | +€42,789 | +95086.7% |
| Recurring financial income | 75 | €45 | €140 | +€95 | +211.1% |
| Non-recurring financial income | 76B | - | €42,694 | +€42,694 | |
| Financial charges | 65/66B | €6,499 | €4,493 | -€2,006 | -30.9% |
| Recurring financial charges | 65 | €6,499 | €4,493 | -€2,006 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,512 | €39,920 | +€51,432 | |
| Profit (loss) for the period | 9904 | -€11,512 | €39,920 | +€51,432 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,512 | €39,920 | +€51,432 |
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 9 October 2026 via checked.be.