NIALA: 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.
NIALA
Largest movements
- Tangible fixed assets -€173,547
down €173,547 (-13.7%), from €1.3m to €1.1m
of which Land and buildings: -€98,865
- Cash +€55,823
up €55,823 (+53.1%), from €105,122 to €160,945
mainly Depreciation (+€176,664) and Net result for the year (+€96,585)
- Receivables within one year -€24,635
down €24,635 (-32.1%), from €76,805 to €52,170
of which Trade receivables: -€27,219
- Stocks and contracts -€22,425
down €22,425 (-28.2%), from €79,525 to €57,100
- Debts after one year -€276,353
down €276,353 (-37.1%), from €745,748 to €469,395
of which Other amounts payable: -€175,000
- Reserves +€96,585
up €96,585 (+19.3%), from €501,188 to €597,773
- Other debts +€29,905
up €29,905 (+244%), from €12,232 to €42,137
- Gross operating margin +€7,358
up €7,358 (+2.2%), from €327,135 to €334,492
- Depreciation +€7,282
up €7,282 (+4.3%), from €169,383 to €176,664
- Taxes +€3,936
up €3,936 (+13.8%), from €28,496 to €32,431
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 | €1,530,092 | €1,363,841 | -€166,250 | -10.9% |
| Fixed assets | 21/28 | €1,265,395 | €1,091,109 | -€174,286 | -13.8% |
| Intangible fixed assets | 21 | €1,431 | €691 | -€740 | -51.7% |
| Tangible fixed assets | 22/27 | €1,263,564 | €1,090,018 | -€173,547 | -13.7% |
| Land and buildings | 22 | €850,526 | €751,660 | -€98,865 | -11.6% |
| Plant, machinery and equipment | 23 | €338,309 | €282,714 | -€55,595 | -16.4% |
| Furniture and vehicles | 24 | €74,730 | €55,644 | -€19,086 | -25.5% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €264,696 | €272,733 | +€8,036 | +3.0% |
| Stocks and contracts in progress | 3 | €79,525 | €57,100 | -€22,425 | -28.2% |
| Stocks | 30/36 | €79,525 | €57,100 | -€22,425 | -28.2% |
| Amounts receivable within one year | 40/41 | €76,805 | €52,170 | -€24,635 | -32.1% |
| Trade receivables | 40 | €60,301 | €33,081 | -€27,219 | -45.1% |
| Other amounts receivable | 41 | €16,504 | €19,088 | +€2,584 | +15.7% |
| Cash at bank and in hand | 54/58 | €105,122 | €160,945 | +€55,823 | +53.1% |
| Deferred charges and accrued income | 490/1 | €3,244 | €2,518 | -€726 | -22.4% |
| Total equity and liabilities | 10/49 | €1,530,092 | €1,363,841 | -€166,250 | -10.9% |
| Equity | 10/15 | €619,780 | €716,365 | +€96,585 | +15.6% |
| Contributions | 10/11 | €118,592 | €118,592 | = | 0.0% |
| Reserves | 13 | €501,188 | €597,773 | +€96,585 | +19.3% |
| Distributable reserves | 133 | €501,188 | €597,773 | +€96,585 | +19.3% |
| Amounts payable | 17/49 | €910,311 | €647,476 | -€262,835 | -28.9% |
| Amounts payable after more than one year | 17 | €745,748 | €469,395 | -€276,353 | -37.1% |
| Financial debts | 170/4 | €370,748 | €269,395 | -€101,353 | -27.3% |
| Other amounts payable | 178/9 | €375,000 | €200,000 | -€175,000 | -46.7% |
| Amounts payable within one year | 42/48 | €164,563 | €178,035 | +€13,472 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €111,833 | €101,353 | -€10,479 | -9.4% |
| Trade debts | 44 | €14,787 | €5,400 | -€9,387 | -63.5% |
| Suppliers | 440/4 | €14,787 | €5,400 | -€9,387 | -63.5% |
| Taxes, remuneration and social security | 45 | €25,712 | €29,144 | +€3,433 | +13.4% |
| Taxes | 450/3 | €25,712 | €29,144 | +€3,433 | +13.4% |
| Other amounts payable | 47/48 | €12,232 | €42,137 | +€29,905 | +244% |
| Accrued charges and deferred income | 492/3 | - | €46 | +€46 | |
| Non-recurring operating income | 76A | €27,000 | - | -€27,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,383 | €176,664 | +€7,282 | +4.3% |
| Other operating charges | 640/8 | €18,314 | €17,397 | -€917 | -5.0% |
| Non-recurring operating charges | 66A | - | €948 | +€948 | |
| Gross operating margin | 9900 | €327,135 | €334,492 | +€7,358 | +2.2% |
| Operating profit (loss) | 9901 | €139,438 | €139,483 | +€45 | 0.0% |
| Financial income | 75/76B | €260 | €173 | -€87 | -33.6% |
| Recurring financial income | 75 | €260 | €173 | -€87 | -33.6% |
| Financial charges | 65/66B | €11,972 | €10,639 | -€1,333 | -11.1% |
| Recurring financial charges | 65 | €11,972 | €10,639 | -€1,333 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €127,726 | €129,016 | +€1,290 | +1.0% |
| Income taxes | 67/77 | €28,496 | €32,431 | +€3,936 | +13.8% |
| Profit (loss) for the period | 9904 | €99,230 | €96,585 | -€2,645 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €99,230 | €96,585 | -€2,645 | -2.7% |
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 20 October 2026 via checked.be.