NIELSKE: what changed
NIELSKE
Largest movements
- Cash -€10,354
down €10,354 (-100%), from €10,354 to €0
mainly Trade debts (-€18,816) and Investment in fixed assets (net) (-€6,500)
- Receivables within one year -€8,095
down €8,095 (-17.5%), from €46,179 to €38,084
of which Trade receivables: -€13,162
- Tangible fixed assets -€759
down €759 (-5.8%), from €13,164 to €12,405
of which Plant, machinery and equipment: -€3,719
- Trade debts -€18,816
down €18,816 (-65.9%), from €28,553 to €9,737
- Profit (loss) carried forward -€3,213
down €3,213 (-162%), from -€1,988 to -€5,201
- Short-term financial debts +€1,634
new in 2025: €1,634
- Other debts +€1,085
up €1,085 (+9.4%), from €11,577 to €12,661
- Accrued charges and deferred income +€1,081
new in 2025: €1,081
- Gross operating margin -€8,041
down €8,041 (-56.9%), from €14,130 to €6,089
- Depreciation +€1,855
up €1,855 (+33.7%), from €5,505 to €7,359
- Other operating charges +€1,142
up €1,142 (+219%), from €521 to €1,663
- Taxes -€364
down €364 (-100%), from €364 to €0
- Financial income -€175
down €175 (-100.0%), from €175 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,752 | €51,683 | -€19,069 | -27.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €13,364 | €12,504 | -€859 | -6.4% |
| Intangible fixed assets | 21 | €200 | €100 | -€100 | -50.1% |
| Tangible fixed assets | 22/27 | €13,164 | €12,405 | -€759 | -5.8% |
| Plant, machinery and equipment | 23 | €11,943 | €8,224 | -€3,719 | -31.1% |
| Furniture and vehicles | 24 | €1,221 | €4,181 | +€2,960 | +242% |
| Current assets | 29/58 | €57,388 | €39,179 | -€18,210 | -31.7% |
| Stocks and contracts in progress | 3 | - | €400 | +€400 | |
| Stocks | 30/36 | - | €400 | +€400 | |
| Amounts receivable within one year | 40/41 | €46,179 | €38,084 | -€8,095 | -17.5% |
| Trade receivables | 40 | €45,277 | €32,115 | -€13,162 | -29.1% |
| Other amounts receivable | 41 | €902 | €5,969 | +€5,067 | +562% |
| Cash at bank and in hand | 54/58 | €10,354 | €0 | -€10,354 | -100% |
| Deferred charges and accrued income | 490/1 | €855 | €695 | -€160 | -18.8% |
| Total equity and liabilities | 10/49 | €70,752 | €51,683 | -€19,069 | -27.0% |
| Equity | 10/15 | €26,062 | €22,849 | -€3,213 | -12.3% |
| Contributions | 10/11 | €8,500 | €8,500 | = | 0.0% |
| Reserves | 13 | €19,550 | €19,550 | = | 0.0% |
| Distributable reserves | 133 | €19,550 | €19,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,988 | -€5,201 | -€3,213 | -162% |
| Amounts payable | 17/49 | €44,690 | €28,834 | -€15,856 | -35.5% |
| Amounts payable within one year | 42/48 | €44,690 | €27,753 | -€16,938 | -37.9% |
| Financial debts | 43 | - | €1,634 | +€1,634 | |
| Credit institutions | 430/8 | - | €1,634 | +€1,634 | |
| Trade debts | 44 | €28,553 | €9,737 | -€18,816 | -65.9% |
| Suppliers | 440/4 | €28,553 | €9,737 | -€18,816 | -65.9% |
| Taxes, remuneration and social security | 45 | €4,561 | €3,720 | -€841 | -18.4% |
| Taxes | 450/3 | €4,561 | €3,720 | -€841 | -18.4% |
| Other amounts payable | 47/48 | €11,577 | €12,661 | +€1,085 | +9.4% |
| Accrued charges and deferred income | 492/3 | - | €1,081 | +€1,081 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,505 | €7,359 | +€1,855 | +33.7% |
| Other operating charges | 640/8 | €521 | €1,663 | +€1,142 | +219% |
| Gross operating margin | 9900 | €14,130 | €6,089 | -€8,041 | -56.9% |
| Operating profit (loss) | 9901 | €8,104 | -€2,934 | -€11,038 | |
| Financial income | 75/76B | €175 | €0 | -€175 | -100.0% |
| Recurring financial income | 75 | €175 | €0 | -€175 | -100.0% |
| Financial charges | 65/66B | €303 | €309 | +€5 | +1.7% |
| Recurring financial charges | 65 | €303 | €309 | +€5 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €7,976 | -€3,243 | -€11,219 | |
| Income taxes | 67/77 | €364 | €0 | -€364 | -100% |
| Profit (loss) for the period | 9904 | €7,613 | -€3,243 | -€10,855 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,613 | -€3,243 | -€10,855 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.