NIAG: 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.
NIAG
Largest movements
- Receivables within one year +€22,154
up €22,154 (+704.0%), from €3,147 to €25,302
of which Other amounts receivable: +€22,200
- Cash -€12,099
down €12,099 (-95.4%), from €12,677 to €578
mainly Receivables within one year (-€22,154) and Investment in fixed assets (net) (-€10,799)
- Tangible fixed assets +€7,636
up €7,636 (+85.3%), from €8,949 to €16,585
of which Other tangible fixed assets: +€7,750
- Profit (loss) carried forward +€21,289
up €21,289, from -€3,785 to €17,505
- Trade debts -€4,063
down €4,063 (-75.9%), from €5,356 to €1,293
- Tax, wage and social debts +€1,023
up €1,023 (+15.7%), from €6,511 to €7,534
- Other debts -€558
down €558 (-24.7%), from €2,262 to €1,704
- Gross operating margin +€11,717
up €11,717 (+64.3%), from €18,232 to €29,949
- Depreciation +€2,812
up €2,812 (+800.8%), from €351 to €3,163
- Taxes -€2,702
down €2,702 (-60.9%), from €4,440 to €1,738
- Other operating charges +€2,685
up €2,685 (+278.8%), from €963 to €3,649
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 | €24,773 | €42,465 | +€17,692 | +71.4% |
| Fixed assets | 21/28 | €8,949 | €16,585 | +€7,636 | +85.3% |
| Tangible fixed assets | 22/27 | €8,949 | €16,585 | +€7,636 | +85.3% |
| Plant, machinery and equipment | 23 | - | €1,406 | +€1,406 | |
| Furniture and vehicles | 24 | €7,309 | €5,789 | -€1,520 | -20.8% |
| Other tangible fixed assets | 26 | €1,640 | €9,390 | +€7,750 | +472.7% |
| Current assets | 29/58 | €15,824 | €25,880 | +€10,055 | +63.5% |
| Amounts receivable within one year | 40/41 | €3,147 | €25,302 | +€22,154 | +704.0% |
| Trade receivables | 40 | €3,147 | €3,102 | -€46 | -1.4% |
| Other amounts receivable | 41 | - | €22,200 | +€22,200 | |
| Cash at bank and in hand | 54/58 | €12,677 | €578 | -€12,099 | -95.4% |
| Total equity and liabilities | 10/49 | €24,773 | €42,465 | +€17,692 | +71.4% |
| Equity | 10/15 | €10,644 | €31,933 | +€21,289 | +200.0% |
| Contributions | 10/11 | €11,659 | €11,659 | = | 0.0% |
| Reserves | 13 | €2,770 | €2,770 | = | 0.0% |
| Distributable reserves | 133 | €2,770 | €2,770 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,785 | €17,505 | +€21,289 | |
| Amounts payable | 17/49 | €14,129 | €10,531 | -€3,598 | -25.5% |
| Amounts payable within one year | 42/48 | €14,129 | €10,531 | -€3,598 | -25.5% |
| Trade debts | 44 | €5,356 | €1,293 | -€4,063 | -75.9% |
| Suppliers | 440/4 | €5,356 | €1,293 | -€4,063 | -75.9% |
| Taxes, remuneration and social security | 45 | €6,511 | €7,534 | +€1,023 | +15.7% |
| Taxes | 450/3 | €6,511 | €7,534 | +€1,023 | +15.7% |
| Other amounts payable | 47/48 | €2,262 | €1,704 | -€558 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €351 | €3,163 | +€2,812 | +800.8% |
| Other operating charges | 640/8 | €963 | €3,649 | +€2,685 | +278.8% |
| Gross operating margin | 9900 | €18,232 | €29,949 | +€11,717 | +64.3% |
| Operating profit (loss) | 9901 | €16,918 | €23,137 | +€6,220 | +36.8% |
| Financial charges | 65/66B | €16 | €110 | +€94 | +603.3% |
| Recurring financial charges | 65 | €16 | €110 | +€94 | +603.3% |
| Profit (loss) for the period before taxes | 9903 | €16,902 | €23,028 | +€6,125 | +36.2% |
| Income taxes | 67/77 | €4,440 | €1,738 | -€2,702 | -60.9% |
| Profit (loss) for the period | 9904 | €12,462 | €21,289 | +€8,827 | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,462 | €21,289 | +€8,827 | +70.8% |
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.