Nielmaco: what changed
Two fiscal 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.
Nielmaco
Largest movements
- Receivables within one year +€20,654
up €20,654 (+5167.1%), from €400 to €21,054
of which Trade receivables: +€21,054
- Cash +€16,080
up €16,080, from €0 to €16,080
mainly Net result for the year (+€26,267) and Depreciation (+€14,531)
- Tangible fixed assets -€14,531
down €14,531 (-82.3%), from €17,652 to €3,121
of which Furniture and vehicles: -€13,849
- Profit (loss) carried forward +€30,252
up €30,252 (+51.3%), from -€59,007 to -€28,755
- Current portion of long-term debt -€9,443
down €9,443 (-74.8%), from €12,617 to €3,174
- Debts after one year -€9,342
down €9,342 (-53.2%), from €17,550 to €8,208
of which Other amounts payable: -€6,168
- Tax, wage and social debts +€8,626
up €8,626 (+2031.5%), from €425 to €9,051
- Trade debts +€3,234
up €3,234 (+599.7%), from €539 to €3,773
- Gross operating margin +€52,277
up €52,277, from -€9,873 to €42,403
- Depreciation -€660
down €660 (-4.3%), from €15,191 to €14,531
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 | €18,405 | €40,969 | +€22,564 | +122.6% |
| Fixed assets | 21/28 | €17,652 | €3,121 | -€14,531 | -82.3% |
| Tangible fixed assets | 22/27 | €17,652 | €3,121 | -€14,531 | -82.3% |
| Furniture and vehicles | 24 | €16,442 | €2,594 | -€13,849 | -84.2% |
| Other tangible fixed assets | 26 | €1,210 | €527 | -€683 | -56.4% |
| Current assets | 29/58 | €753 | €37,849 | +€37,095 | +4923.2% |
| Amounts receivable within one year | 40/41 | €400 | €21,054 | +€20,654 | +5167.1% |
| Trade receivables | 40 | - | €21,054 | +€21,054 | |
| Other amounts receivable | 41 | €400 | €0 | -€400 | -100.0% |
| Cash at bank and in hand | 54/58 | €0 | €16,080 | +€16,080 | |
| Deferred charges and accrued income | 490/1 | €354 | €715 | +€361 | +102.2% |
| Total equity and liabilities | 10/49 | €18,405 | €40,969 | +€22,564 | +122.6% |
| Equity | 10/15 | -€13,488 | €16,764 | +€30,252 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €40,519 | €40,519 | = | 0.0% |
| Distributable reserves | 133 | €40,519 | €40,519 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,007 | -€28,755 | +€30,252 | +51.3% |
| Amounts payable | 17/49 | €31,893 | €24,206 | -€7,688 | -24.1% |
| Amounts payable after more than one year | 17 | €17,550 | €8,208 | -€9,342 | -53.2% |
| Financial debts | 170/4 | €3,174 | €0 | -€3,174 | -100.0% |
| Other amounts payable | 178/9 | €14,376 | €8,208 | -€6,168 | -42.9% |
| Amounts payable within one year | 42/48 | €13,581 | €15,998 | +€2,417 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €12,617 | €3,174 | -€9,443 | -74.8% |
| Trade debts | 44 | €539 | €3,773 | +€3,234 | +599.7% |
| Suppliers | 440/4 | €539 | €3,773 | +€3,234 | +599.7% |
| Taxes, remuneration and social security | 45 | €425 | €9,051 | +€8,626 | +2031.5% |
| Taxes | 450/3 | €425 | €9,051 | +€8,626 | +2031.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €762 | €0 | -€762 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,191 | €14,531 | -€660 | -4.3% |
| Other operating charges | 640/8 | €755 | €1,013 | +€258 | +34.2% |
| Gross operating margin | 9900 | -€9,873 | €42,403 | +€52,277 | |
| Operating profit (loss) | 9901 | -€25,819 | €26,859 | +€52,679 | |
| Financial charges | 65/66B | €437 | €398 | -€39 | -9.0% |
| Recurring financial charges | 65 | €437 | €398 | -€39 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,256 | €26,462 | +€52,718 | |
| Income taxes | 67/77 | €207 | €195 | -€12 | -6.0% |
| Profit (loss) for the period | 9904 | -€26,463 | €26,267 | +€52,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,463 | €26,267 | +€52,730 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.