NIELANCO: 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.
NIELANCO
Largest movements
- Cash -€57,000
down €57,000 (-85.8%), from €66,423 to €9,423
mainly Debts after one year (-€51,597) and Trade debts (-€39,182)
- Tangible fixed assets -€27,194
down €27,194 (-7.2%), from €379,221 to €352,027
of which Furniture and vehicles: -€14,444
- Debts after one year -€51,597
down €51,597 (-11.1%), from €465,225 to €413,628
- Trade debts -€39,182
down €39,182 (-96.1%), from €40,775 to €1,593
- Reserves +€30,783
up €30,783 (+8.9%), from €346,165 to €376,948
- Short-term financial debts -€11,017
down €11,017 (-100.0%), from €11,017 to €0
- Other debts -€10,680
down €10,680 (-33.6%), from €31,745 to €21,065
- Gross operating margin +€998
up €998 (+1.3%), from €75,301 to €76,300
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 | €955,754 | €874,580 | -€81,173 | -8.5% |
| Fixed assets | 21/28 | €879,221 | €852,027 | -€27,194 | -3.1% |
| Tangible fixed assets | 22/27 | €379,221 | €352,027 | -€27,194 | -7.2% |
| Land and buildings | 22 | €329,477 | €316,727 | -€12,750 | -3.9% |
| Furniture and vehicles | 24 | €49,743 | €35,299 | -€14,444 | -29.0% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €76,533 | €22,554 | -€53,979 | -70.5% |
| Amounts receivable within one year | 40/41 | €9,295 | €12,266 | +€2,971 | +32.0% |
| Trade receivables | 40 | €7,676 | €10,808 | +€3,132 | +40.8% |
| Other amounts receivable | 41 | €1,619 | €1,458 | -€161 | -10.0% |
| Cash at bank and in hand | 54/58 | €66,423 | €9,423 | -€57,000 | -85.8% |
| Deferred charges and accrued income | 490/1 | €815 | €865 | +€50 | +6.1% |
| Total equity and liabilities | 10/49 | €955,754 | €874,580 | -€81,173 | -8.5% |
| Equity | 10/15 | €352,165 | €382,948 | +€30,783 | +8.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €346,165 | €376,948 | +€30,783 | +8.9% |
| Distributable reserves | 133 | €346,165 | €376,948 | +€30,783 | +8.9% |
| Amounts payable | 17/49 | €603,588 | €491,632 | -€111,956 | -18.5% |
| Amounts payable after more than one year | 17 | €465,225 | €413,628 | -€51,597 | -11.1% |
| Financial debts | 170/4 | €465,225 | €413,628 | -€51,597 | -11.1% |
| Amounts payable within one year | 42/48 | €138,364 | €78,005 | -€60,359 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €50,773 | €51,597 | +€824 | +1.6% |
| Financial debts | 43 | €11,017 | €0 | -€11,017 | -100.0% |
| Credit institutions | 430/8 | €11,017 | €0 | -€11,017 | -100.0% |
| Trade debts | 44 | €40,775 | €1,593 | -€39,182 | -96.1% |
| Suppliers | 440/4 | €40,775 | €1,593 | -€39,182 | -96.1% |
| Taxes, remuneration and social security | 45 | €4,054 | €3,750 | -€304 | -7.5% |
| Taxes | 450/3 | €4,054 | €3,750 | -€304 | -7.5% |
| Other amounts payable | 47/48 | €31,745 | €21,065 | -€10,680 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,194 | €27,194 | = | 0.0% |
| Other operating charges | 640/8 | €2,199 | €2,328 | +€129 | +5.9% |
| Gross operating margin | 9900 | €75,301 | €76,300 | +€998 | +1.3% |
| Operating profit (loss) | 9901 | €45,909 | €46,778 | +€870 | +1.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,079 | €5,453 | -€626 | -10.3% |
| Recurring financial charges | 65 | €6,079 | €5,453 | -€626 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €39,830 | €41,325 | +€1,496 | +3.8% |
| Income taxes | 67/77 | €10,381 | €10,542 | +€161 | +1.6% |
| Profit (loss) for the period | 9904 | €29,449 | €30,783 | +€1,334 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,449 | €30,783 | +€1,334 | +4.5% |
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 12 October 2026 via checked.be.