NIELANDT: 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.
NIELANDT
Largest movements
- Cash -€1,164
down €1,164 (-54.5%), from €2,136 to €971
mainly Net result for the year (-€7,019) and Trade debts (-€425)
- Tangible fixed assets -€695
down €695 (-1.9%), from €36,218 to €35,523
of which Land and buildings: -€607
- Profit (loss) carried forward -€7,019
down €7,019 (-31.7%), from -€22,115 to -€29,134
- Other debts +€5,324
up €5,324 (+10.1%), from €52,824 to €58,148
- Trade debts -€425
down €425 (-72.6%), from €585 to €160
- Gross operating margin -€4,057
down €4,057, from €215 to -€3,842
- Depreciation -€1,659
down €1,659 (-70.5%), from €2,354 to €695
- Other operating charges -€87
down €87 (-3.5%), from €2,479 to €2,392
- Financial charges +€58
up €58 (+179%), from €32 to €90
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 | €39,596 | €37,470 | -€2,126 | -5.4% |
| Fixed assets | 21/28 | €36,218 | €35,523 | -€695 | -1.9% |
| Tangible fixed assets | 22/27 | €36,218 | €35,523 | -€695 | -1.9% |
| Land and buildings | 22 | €36,041 | €35,434 | -€607 | -1.7% |
| Plant, machinery and equipment | 23 | €177 | €88 | -€89 | -50.0% |
| Current assets | 29/58 | €3,378 | €1,947 | -€1,431 | -42.4% |
| Amounts receivable within one year | 40/41 | €913 | €629 | -€285 | -31.2% |
| Trade receivables | 40 | €400 | €255 | -€145 | -36.2% |
| Other amounts receivable | 41 | €513 | €374 | -€140 | -27.2% |
| Cash at bank and in hand | 54/58 | €2,136 | €971 | -€1,164 | -54.5% |
| Deferred charges and accrued income | 490/1 | €330 | €347 | +€18 | +5.4% |
| Total equity and liabilities | 10/49 | €39,596 | €37,470 | -€2,126 | -5.4% |
| Equity | 10/15 | -€13,819 | -€20,839 | -€7,019 | -50.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,095 | €2,095 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €236 | €236 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,115 | -€29,134 | -€7,019 | -31.7% |
| Amounts payable | 17/49 | €53,415 | €58,309 | +€4,893 | +9.2% |
| Amounts payable within one year | 42/48 | €53,415 | €58,309 | +€4,893 | +9.2% |
| Trade debts | 44 | €585 | €160 | -€425 | -72.6% |
| Suppliers | 440/4 | €585 | €160 | -€425 | -72.6% |
| Advances received on contracts in progress | 46 | €6 | - | -€6 | |
| Other amounts payable | 47/48 | €52,824 | €58,148 | +€5,324 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,354 | €695 | -€1,659 | -70.5% |
| Other operating charges | 640/8 | €2,479 | €2,392 | -€87 | -3.5% |
| Gross operating margin | 9900 | €215 | -€3,842 | -€4,057 | |
| Operating profit (loss) | 9901 | -€4,618 | -€6,929 | -€2,312 | -50.1% |
| Financial charges | 65/66B | €32 | €90 | +€58 | +179% |
| Recurring financial charges | 65 | €32 | €90 | +€58 | +179% |
| Profit (loss) for the period before taxes | 9903 | -€4,650 | -€7,019 | -€2,369 | -51.0% |
| Profit (loss) for the period | 9904 | -€4,650 | -€7,019 | -€2,369 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,650 | -€7,019 | -€2,369 | -51.0% |
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 28 October 2026 via checked.be.