SVEN NELIS: 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.
SVEN NELIS
Largest movements
- Current investments -€1.4m
down €1.4m (-56.9%), from €2.4m to €1.1m
- Cash +€482,819
up €482,819 (+176%), from €274,025 to €756,845
mainly Current investments (+€1.4m) and Net result for the year (+€679,706)
- Receivables within one year -€340,520
down €340,520 (-88.4%), from €385,281 to €44,761
of which Other amounts receivable: -€385,197
- Tangible fixed assets +€96,176
up €96,176 (+5.2%), from €1.9m to €2.0m
of which Land and buildings: +€96,499
- Other debts -€784,126
down €784,126 (-43.4%), from €1.8m to €1.0m
- Reserves -€309,216
down €309,216 (-11.7%), from €2.6m to €2.3m
- Debts after one year -€79,617
down €79,617 (-35.7%), from €222,894 to €143,277
- Financial income +€55,403
up €55,403 (+9.3%), from €597,484 to €652,887
of which Non-recurring financial income: +€68,096
- Taxes +€35,561
up €35,561 (+26.6%), from €133,571 to €169,132
- Financial charges -€11,281
down €11,281 (-41.2%), from €27,357 to €16,077
- Depreciation +€9,263
up €9,263 (+12.1%), from €76,549 to €85,812
- Other operating charges +€3,422
up €3,422 (+38.1%), from €8,978 to €12,400
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,980,239 | €3,824,623 | -€1.2m | -23.2% |
| Fixed assets | 21/28 | €1,866,380 | €1,961,614 | +€95,235 | +5.1% |
| Tangible fixed assets | 22/27 | €1,853,959 | €1,950,134 | +€96,176 | +5.2% |
| Land and buildings | 22 | €1,853,635 | €1,950,134 | +€96,499 | +5.2% |
| Plant, machinery and equipment | 23 | €324 | €0 | -€324 | -100% |
| Financial fixed assets | 28 | €12,421 | €11,480 | -€941 | -7.6% |
| Current assets | 29/58 | €3,113,859 | €1,863,009 | -€1.3m | -40.2% |
| Amounts receivable within one year | 40/41 | €385,281 | €44,761 | -€340,520 | -88.4% |
| Trade receivables | 40 | - | €44,677 | +€44,677 | |
| Other amounts receivable | 41 | €385,281 | €84 | -€385,197 | -100.0% |
| Current investments | 50/53 | €2,449,350 | €1,055,459 | -€1.4m | -56.9% |
| Cash at bank and in hand | 54/58 | €274,025 | €756,845 | +€482,819 | +176% |
| Deferred charges and accrued income | 490/1 | €5,203 | €5,944 | +€741 | +14.2% |
| Total equity and liabilities | 10/49 | €4,980,239 | €3,824,623 | -€1.2m | -23.2% |
| Equity | 10/15 | €2,804,894 | €2,495,678 | -€309,216 | -11.0% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €2,634,894 | €2,325,678 | -€309,216 | -11.7% |
| Distributable reserves | 133 | €2,634,894 | €2,325,678 | -€309,216 | -11.7% |
| Amounts payable | 17/49 | €2,175,345 | €1,328,945 | -€846,400 | -38.9% |
| Amounts payable after more than one year | 17 | €222,894 | €143,277 | -€79,617 | -35.7% |
| Financial debts | 170/4 | €222,894 | €143,277 | -€79,617 | -35.7% |
| Amounts payable within one year | 42/48 | €1,942,142 | €1,175,743 | -€766,399 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €78,719 | €79,617 | +€899 | +1.1% |
| Trade debts | 44 | €8,060 | €12,065 | +€4,005 | +49.7% |
| Suppliers | 440/4 | €8,060 | €12,065 | +€4,005 | +49.7% |
| Taxes, remuneration and social security | 45 | €49,494 | €62,318 | +€12,823 | +25.9% |
| Taxes | 450/3 | €49,494 | €62,318 | +€12,823 | +25.9% |
| Other amounts payable | 47/48 | €1,805,869 | €1,021,743 | -€784,126 | -43.4% |
| Accrued charges and deferred income | 492/3 | €10,309 | €9,925 | -€384 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,549 | €85,812 | +€9,263 | +12.1% |
| Other operating charges | 640/8 | €8,978 | €12,400 | +€3,422 | +38.1% |
| Gross operating margin | 9900 | €307,406 | €310,240 | +€2,834 | +0.9% |
| Operating profit (loss) | 9901 | €221,879 | €212,028 | -€9,850 | -4.4% |
| Financial income | 75/76B | €597,484 | €652,887 | +€55,403 | +9.3% |
| Recurring financial income | 75 | €437,134 | €424,441 | -€12,693 | -2.9% |
| Non-recurring financial income | 76B | €160,350 | €228,446 | +€68,096 | +42.5% |
| Financial charges | 65/66B | €27,357 | €16,077 | -€11,281 | -41.2% |
| Recurring financial charges | 65 | €27,357 | €16,077 | -€11,281 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €792,005 | €848,838 | +€56,833 | +7.2% |
| Income taxes | 67/77 | €133,571 | €169,132 | +€35,561 | +26.6% |
| Profit (loss) for the period | 9904 | €658,434 | €679,706 | +€21,273 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €658,434 | €679,706 | +€21,273 | +3.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.