NIALCO: 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.
NIALCO
Largest movements
- Receivables within one year +€979,447
up €979,447 (+72.6%), from €1.3m to €2.3m
of which Trade receivables: +€936,487
- Cash -€105,290
down €105,290 (-47.0%), from €224,140 to €118,849
mainly Receivables within one year (-€979,447) and Net result for the year (-€345,607)
- Financial fixed assets -€86,200
down €86,200 (-5.6%), from €1.5m to €1.5m
- Other debts +€818,843
up €818,843 (+752%), from €108,946 to €927,789
- Short-term financial debts +€410,954
up €410,954 (+266%), from €154,257 to €565,211
- Profit (loss) carried forward -€322,255
down €322,255 (-75.8%), from €424,958 to €102,703
- Current portion of long-term debt +€152,969
up €152,969 (+890%), from €17,185 to €170,154
- Accrued charges and deferred income -€110,277
down €110,277 (-51.3%), from €214,783 to €104,506
- Financial charges +€136,955
up €136,955 (+102%), from €134,154 to €271,110
of which Non-recurring financial charges: +€172,500
- Gross operating margin -€112,903
down €112,903 (-19.8%), from €570,237 to €457,334
- Other operating charges -€79,396
down €79,396 (-89.0%), from €89,226 to €9,830
- Staff costs +€13,354
up €13,354 (+9.3%), from €143,394 to €156,748
- Write-downs +€6,338
new in 2024: €6,338
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,176,926 | €4,017,054 | +€840,127 | +26.4% |
| Fixed assets | 21/28 | €1,602,194 | €1,513,475 | -€88,718 | -5.5% |
| Intangible fixed assets | 21 | €15,462 | €6,853 | -€8,609 | -55.7% |
| Tangible fixed assets | 22/27 | €50,391 | €56,482 | +€6,090 | +12.1% |
| Plant, machinery and equipment | 23 | €14,743 | €38,658 | +€23,914 | +162% |
| Leasing and similar rights | 25 | €35,648 | €17,824 | -€17,824 | -50.0% |
| Financial fixed assets | 28 | €1,536,341 | €1,450,141 | -€86,200 | -5.6% |
| Current assets | 29/58 | €1,574,733 | €2,503,578 | +€928,846 | +59.0% |
| Stocks and contracts in progress | 3 | - | €29,649 | +€29,649 | |
| Stocks | 30/36 | - | €29,649 | +€29,649 | |
| Amounts receivable within one year | 40/41 | €1,349,885 | €2,329,332 | +€979,447 | +72.6% |
| Trade receivables | 40 | €1,140,471 | €2,076,958 | +€936,487 | +82.1% |
| Other amounts receivable | 41 | €209,414 | €252,375 | +€42,961 | +20.5% |
| Cash at bank and in hand | 54/58 | €224,140 | €118,849 | -€105,290 | -47.0% |
| Deferred charges and accrued income | 490/1 | €708 | €25,748 | +€25,040 | +3,538% |
| Total equity and liabilities | 10/49 | €3,176,926 | €4,017,054 | +€840,127 | +26.4% |
| Equity | 10/15 | €561,299 | €239,044 | -€322,255 | -57.4% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €424,958 | €102,703 | -€322,255 | -75.8% |
| Amounts payable | 17/49 | €2,615,627 | €3,778,009 | +€1.2m | +44.4% |
| Amounts payable after more than one year | 17 | €925,626 | €853,907 | -€71,719 | -7.7% |
| Financial debts | 170/4 | €665,302 | €813,907 | +€148,605 | +22.3% |
| Other amounts payable | 178/9 | €260,324 | €40,000 | -€220,324 | -84.6% |
| Amounts payable within one year | 42/48 | €1,475,218 | €2,819,596 | +€1.3m | +91.1% |
| Current portion of amounts payable after more than one year | 42 | €17,185 | €170,154 | +€152,969 | +890% |
| Financial debts | 43 | €154,257 | €565,211 | +€410,954 | +266% |
| Credit institutions | 430/8 | €154,257 | €565,211 | +€410,954 | +266% |
| Trade debts | 44 | €1,113,962 | €1,084,660 | -€29,302 | -2.6% |
| Suppliers | 440/4 | €1,113,962 | €1,084,660 | -€29,302 | -2.6% |
| Taxes, remuneration and social security | 45 | €80,868 | €71,783 | -€9,085 | -11.2% |
| Taxes | 450/3 | €59,771 | €54,291 | -€5,480 | -9.2% |
| Remuneration and social security | 454/9 | €21,097 | €17,492 | -€3,605 | -17.1% |
| Other amounts payable | 47/48 | €108,946 | €927,789 | +€818,843 | +752% |
| Accrued charges and deferred income | 492/3 | €214,783 | €104,506 | -€110,277 | -51.3% |
| Remuneration, social security and pensions | 62 | €143,394 | €156,748 | +€13,354 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,530 | €30,803 | -€4,727 | -13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,338 | +€6,338 | |
| Other operating charges | 640/8 | €89,226 | €9,830 | -€79,396 | -89.0% |
| Non-recurring operating charges | 66A | - | €289,531 | +€289,531 | |
| Gross operating margin | 9900 | €570,237 | €457,334 | -€112,903 | -19.8% |
| Operating profit (loss) | 9901 | €302,087 | -€35,915 | -€338,002 | |
| Financial income | 75/76B | €15,696 | €9,408 | -€6,288 | -40.1% |
| Recurring financial income | 75 | €15,696 | €9,408 | -€6,288 | -40.1% |
| Financial charges | 65/66B | €134,154 | €271,110 | +€136,955 | +102% |
| Recurring financial charges | 65 | €134,154 | €98,610 | -€35,545 | -26.5% |
| Non-recurring financial charges | 66B | - | €172,500 | +€172,500 | |
| Profit (loss) for the period before taxes | 9903 | €183,628 | -€297,617 | -€481,245 | |
| Income taxes | 67/77 | €52,234 | €47,991 | -€4,243 | -8.1% |
| Profit (loss) for the period | 9904 | €131,394 | -€345,607 | -€477,001 | |
| Profit (loss) for the period to be appropriated | 9905 | €131,394 | -€345,607 | -€477,001 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.