NIELON: 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.
NIELON
Largest movements
- Receivables within one year +€27,147
up €27,147 (+103%), from €26,241 to €53,389
of which Other amounts receivable: +€37,329
- Cash +€17,088
up €17,088 (+53.7%), from €31,812 to €48,900
mainly Net result for the year (+€41,505) and Tax, wage and social debts (+€5,484)
- Financial fixed assets -€3,000
down €3,000 (-100%), from €3,000 to €0
- Reserves +€41,505
up €41,505 (+142%), from €29,236 to €70,741
- Trade debts -€6,098
down €6,098 (-71.0%), from €8,591 to €2,493
- Tax, wage and social debts +€5,484
up €5,484 (+27.2%), from €20,124 to €25,608
of which Taxes: +€9,942
- Gross operating margin +€13,308
up €13,308 (+33.0%), from €40,362 to €53,670
- Taxes +€3,466
up €3,466 (+42.3%), from €8,193 to €11,660
- Financial income +€1,354
up €1,354 (+989%), from €137 to €1,491
- Other operating charges -€1,008
down €1,008 (-66.3%), from €1,519 to €511
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 | €62,951 | €103,841 | +€40,890 | +65.0% |
| Fixed assets | 21/28 | €4,447 | €1,079 | -€3,368 | -75.7% |
| Tangible fixed assets | 22/27 | €1,447 | €1,079 | -€368 | -25.4% |
| Other tangible fixed assets | 26 | €1,447 | €1,079 | -€368 | -25.4% |
| Financial fixed assets | 28 | €3,000 | €0 | -€3,000 | -100% |
| Current assets | 29/58 | €58,505 | €102,762 | +€44,257 | +75.6% |
| Amounts receivable within one year | 40/41 | €26,241 | €53,389 | +€27,147 | +103% |
| Trade receivables | 40 | €21,662 | €11,480 | -€10,182 | -47.0% |
| Other amounts receivable | 41 | €4,580 | €41,909 | +€37,329 | +815% |
| Cash at bank and in hand | 54/58 | €31,812 | €48,900 | +€17,088 | +53.7% |
| Deferred charges and accrued income | 490/1 | €452 | €473 | +€22 | +4.8% |
| Total equity and liabilities | 10/49 | €62,951 | €103,841 | +€40,890 | +65.0% |
| Equity | 10/15 | €34,236 | €75,741 | +€41,505 | +121% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,236 | €70,741 | +€41,505 | +142% |
| Distributable reserves | 133 | €29,236 | €70,741 | +€41,505 | +142% |
| Amounts payable | 17/49 | €28,715 | €28,101 | -€615 | -2.1% |
| Amounts payable within one year | 42/48 | €28,715 | €28,101 | -€615 | -2.1% |
| Trade debts | 44 | €8,591 | €2,493 | -€6,098 | -71.0% |
| Suppliers | 440/4 | €8,591 | €2,493 | -€6,098 | -71.0% |
| Taxes, remuneration and social security | 45 | €20,124 | €25,608 | +€5,484 | +27.2% |
| Taxes | 450/3 | €15,666 | €25,608 | +€9,942 | +63.5% |
| Remuneration and social security | 454/9 | €4,458 | €0 | -€4,458 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €391 | €368 | -€23 | -5.9% |
| Other operating charges | 640/8 | €1,519 | €511 | -€1,008 | -66.3% |
| Gross operating margin | 9900 | €40,362 | €53,670 | +€13,308 | +33.0% |
| Operating profit (loss) | 9901 | €38,452 | €52,791 | +€14,339 | +37.3% |
| Financial income | 75/76B | €137 | €1,491 | +€1,354 | +989% |
| Recurring financial income | 75 | €137 | €1,491 | +€1,354 | +989% |
| Financial charges | 65/66B | €1,160 | €1,118 | -€42 | -3.6% |
| Recurring financial charges | 65 | €1,160 | €1,118 | -€42 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €37,429 | €53,164 | +€15,735 | +42.0% |
| Income taxes | 67/77 | €8,193 | €11,660 | +€3,466 | +42.3% |
| Profit (loss) for the period | 9904 | €29,236 | €41,505 | +€12,269 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,236 | €41,505 | +€12,269 | +42.0% |
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 13 October 2026 via checked.be.