NIAL CONSTRUCT: 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.
NIAL CONSTRUCT
Largest movements
- Tangible fixed assets -€24,849
down €24,849 (-2.6%), from €949,745 to €924,897
- Debts after one year -€49,960
down €49,960 (-8.4%), from €592,389 to €542,429
- Profit (loss) carried forward +€18,140
up €18,140 (+7.1%), from -€256,909 to -€238,769
- Gross operating margin +€1,301
up €1,301 (+2.0%), from €66,029 to €67,330
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 | €950,997 | €926,437 | -€24,560 | -2.6% |
| Fixed assets | 21/28 | €949,745 | €924,897 | -€24,849 | -2.6% |
| Tangible fixed assets | 22/27 | €949,745 | €924,897 | -€24,849 | -2.6% |
| Land and buildings | 22 | €949,745 | €924,897 | -€24,849 | -2.6% |
| Current assets | 29/58 | €1,252 | €1,540 | +€288 | +23.0% |
| Cash at bank and in hand | 54/58 | €365 | €624 | +€259 | +70.9% |
| Deferred charges and accrued income | 490/1 | €887 | €916 | +€29 | +3.3% |
| Total equity and liabilities | 10/49 | €950,997 | €926,437 | -€24,560 | -2.6% |
| Equity | 10/15 | -€100,709 | -€82,569 | +€18,140 | +18.0% |
| Contributions | 10/11 | €156,200 | €156,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€256,909 | -€238,769 | +€18,140 | +7.1% |
| Amounts payable | 17/49 | €1,051,706 | €1,009,006 | -€42,700 | -4.1% |
| Amounts payable after more than one year | 17 | €592,389 | €542,429 | -€49,960 | -8.4% |
| Financial debts | 170/4 | €592,389 | €542,429 | -€49,960 | -8.4% |
| Amounts payable within one year | 42/48 | €458,494 | €465,816 | +€7,323 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €53,296 | €54,090 | +€794 | +1.5% |
| Trade debts | 44 | €373 | €380 | +€6 | +1.7% |
| Suppliers | 440/4 | €373 | €380 | +€6 | +1.7% |
| Other amounts payable | 47/48 | €404,825 | €411,347 | +€6,522 | +1.6% |
| Accrued charges and deferred income | 492/3 | €823 | €760 | -€63 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,849 | €24,849 | = | 0.0% |
| Other operating charges | 640/8 | €10,029 | €10,343 | +€313 | +3.1% |
| Gross operating margin | 9900 | €66,029 | €67,330 | +€1,301 | +2.0% |
| Operating profit (loss) | 9901 | €31,151 | €32,139 | +€988 | +3.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €14,622 | €13,999 | -€623 | -4.3% |
| Recurring financial charges | 65 | €14,622 | €13,999 | -€623 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €16,529 | €18,140 | +€1,611 | +9.7% |
| Profit (loss) for the period | 9904 | €16,529 | €18,140 | +€1,611 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,529 | €18,140 | +€1,611 | +9.7% |
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 3 October 2026 via checked.be.