NHI: 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.
NHI
Largest movements
- Cash -€59,844
down €59,844 (-78.5%), from €76,199 to €16,355
mainly Investment in fixed assets (net) (-€33,280) and Deferred charges and accrued income (-€27,432)
- Tangible fixed assets +€31,859
up €31,859 (+2,905%), from €1,097 to €32,955
of which Land and buildings: +€31,307
- Deferred charges and accrued income +€27,432
new in 2025: €27,432
- Receivables within one year -€15,830
down €15,830 (-30.7%), from €51,536 to €35,706
of which Trade receivables: -€32,902
- Tax, wage and social debts -€13,919
down €13,919 (-40.3%), from €34,531 to €20,612
- Trade debts -€1,700
down €1,700 (-46.0%), from €3,698 to €1,999
- Gross operating margin -€108,265
down €108,265 (-94.1%), from €115,055 to €6,790
- Taxes -€21,393
down €21,393 (-84.7%), from €25,244 to €3,851
- Depreciation +€1,394
up €1,394 (+5,244%), from €27 to €1,421
- Financial income +€1,197
new in 2025: €1,197
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 | €128,832 | €112,448 | -€16,384 | -12.7% |
| Fixed assets | 21/28 | €1,097 | €32,955 | +€31,859 | +2,905% |
| Tangible fixed assets | 22/27 | €1,097 | €32,955 | +€31,859 | +2,905% |
| Land and buildings | 22 | - | €31,307 | +€31,307 | |
| Furniture and vehicles | 24 | €1,097 | €1,648 | +€551 | +50.3% |
| Current assets | 29/58 | €127,735 | €79,493 | -€48,242 | -37.8% |
| Amounts receivable within one year | 40/41 | €51,536 | €35,706 | -€15,830 | -30.7% |
| Trade receivables | 40 | €51,536 | €18,634 | -€32,902 | -63.8% |
| Other amounts receivable | 41 | - | €17,072 | +€17,072 | |
| Cash at bank and in hand | 54/58 | €76,199 | €16,355 | -€59,844 | -78.5% |
| Deferred charges and accrued income | 490/1 | - | €27,432 | +€27,432 | |
| Total equity and liabilities | 10/49 | €128,832 | €112,448 | -€16,384 | -12.7% |
| Equity | 10/15 | €89,419 | €89,838 | +€419 | +0.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,919 | €89,338 | +€419 | +0.5% |
| Amounts payable | 17/49 | €39,413 | €22,610 | -€16,802 | -42.6% |
| Amounts payable within one year | 42/48 | €39,413 | €22,610 | -€16,802 | -42.6% |
| Trade debts | 44 | €3,698 | €1,999 | -€1,700 | -46.0% |
| Suppliers | 440/4 | €3,698 | €1,999 | -€1,700 | -46.0% |
| Taxes, remuneration and social security | 45 | €34,531 | €20,612 | -€13,919 | -40.3% |
| Taxes | 450/3 | €34,531 | €20,612 | -€13,919 | -40.3% |
| Other amounts payable | 47/48 | €1,184 | €0 | -€1,184 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27 | €1,421 | +€1,394 | +5,244% |
| Other operating charges | 640/8 | €191 | €543 | +€351 | +184% |
| Gross operating margin | 9900 | €115,055 | €6,790 | -€108,265 | -94.1% |
| Operating profit (loss) | 9901 | €114,837 | €4,827 | -€110,011 | -95.8% |
| Financial income | 75/76B | - | €1,197 | +€1,197 | |
| Recurring financial income | 75 | - | €1,197 | +€1,197 | |
| Financial charges | 65/66B | €674 | €1,754 | +€1,080 | +160% |
| Recurring financial charges | 65 | €674 | €1,754 | +€1,080 | +160% |
| Profit (loss) for the period before taxes | 9903 | €114,163 | €4,270 | -€109,894 | -96.3% |
| Income taxes | 67/77 | €25,244 | €3,851 | -€21,393 | -84.7% |
| Profit (loss) for the period | 9904 | €88,919 | €419 | -€88,501 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €88,919 | €419 | -€88,501 | -99.5% |
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 14 October 2026 via checked.be.