NIELANDT & C°: 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 & C°
Largest movements
- Current investments +€50,654
up €50,654 (+9.2%), from €552,877 to €603,531
- Cash +€19,590
up €19,590 (+102%), from €19,287 to €38,877
mainly Net result for the year (+€59,248) and Tax, wage and social debts (+€9,576)
- Reserves +€58,500
up €58,500 (+11.1%), from €528,000 to €586,500
- Tax, wage and social debts +€9,576
up €9,576 (+130%), from €7,387 to €16,963
- Gross operating margin +€2,359
up €2,359 (+2.6%), from €92,123 to €94,483
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 | €593,083 | €662,771 | +€69,687 | +11.8% |
| Fixed assets | 21/28 | €2,599 | €6,830 | +€4,231 | +163% |
| Tangible fixed assets | 22/27 | €2,599 | €6,830 | +€4,231 | +163% |
| Plant, machinery and equipment | 23 | €1,680 | €1,044 | -€636 | -37.8% |
| Furniture and vehicles | 24 | €918 | €5,785 | +€4,867 | +530% |
| Current assets | 29/58 | €590,485 | €655,941 | +€65,456 | +11.1% |
| Amounts receivable within one year | 40/41 | €18,321 | €13,534 | -€4,787 | -26.1% |
| Trade receivables | 40 | €18,150 | €13,534 | -€4,616 | -25.4% |
| Other amounts receivable | 41 | €171 | €0 | -€171 | -100% |
| Current investments | 50/53 | €552,877 | €603,531 | +€50,654 | +9.2% |
| Cash at bank and in hand | 54/58 | €19,287 | €38,877 | +€19,590 | +102% |
| Total equity and liabilities | 10/49 | €593,083 | €662,771 | +€69,687 | +11.8% |
| Equity | 10/15 | €535,348 | €594,346 | +€58,998 | +11.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €528,000 | €586,500 | +€58,500 | +11.1% |
| Distributable reserves | 133 | €528,000 | €586,500 | +€58,500 | +11.1% |
| Profit (loss) carried forward | 14 | €2,348 | €2,846 | +€498 | +21.2% |
| Amounts payable | 17/49 | €57,736 | €68,425 | +€10,689 | +18.5% |
| Amounts payable after more than one year | 17 | €44,000 | €49,000 | +€5,000 | +11.4% |
| Financial debts | 170/4 | €44,000 | €49,000 | +€5,000 | +11.4% |
| Amounts payable within one year | 42/48 | €10,216 | €19,425 | +€9,209 | +90.1% |
| Trade debts | 44 | €1,557 | €1,677 | +€120 | +7.7% |
| Suppliers | 440/4 | €1,557 | €1,677 | +€120 | +7.7% |
| Taxes, remuneration and social security | 45 | €7,387 | €16,963 | +€9,576 | +130% |
| Taxes | 450/3 | €7,387 | €16,963 | +€9,576 | +130% |
| Other amounts payable | 47/48 | €1,271 | €784 | -€487 | -38.3% |
| Accrued charges and deferred income | 492/3 | €3,520 | €0 | -€3,520 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,738 | €2,175 | +€437 | +25.1% |
| Other operating charges | 640/8 | €282 | €63 | -€219 | -77.5% |
| Gross operating margin | 9900 | €92,123 | €94,483 | +€2,359 | +2.6% |
| Operating profit (loss) | 9901 | €90,103 | €92,244 | +€2,141 | +2.4% |
| Financial income | 75/76B | €1,344 | €934 | -€410 | -30.5% |
| Recurring financial income | 75 | €1,344 | €934 | -€410 | -30.5% |
| Financial charges | 65/66B | €3,650 | €3,904 | +€253 | +6.9% |
| Recurring financial charges | 65 | €3,650 | €3,904 | +€253 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €87,797 | €89,274 | +€1,478 | +1.7% |
| Income taxes | 67/77 | €29,790 | €30,026 | +€236 | +0.8% |
| Profit (loss) for the period | 9904 | €58,006 | €59,248 | +€1,242 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,006 | €59,248 | +€1,242 | +2.1% |
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 29 October 2026 via checked.be.