NIALI: 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.
NIALI
Largest movements
- Receivables within one year +€139,010
up €139,010 (+27.3%), from €508,558 to €647,568
of which Other amounts receivable: +€101,044
- Stocks and contracts +€39,899
up €39,899 (+12.3%), from €323,431 to €363,330
- Cash -€38,620
down €38,620 (-12.2%), from €316,204 to €277,585
mainly Other debts (-€143,363) and Receivables within one year (-€139,010)
- Tangible fixed assets -€16,034
down €16,034 (-12.8%), from €125,067 to €109,034
of which Plant, machinery and equipment: -€17,525
- Profit (loss) carried forward +€159,804
up €159,804 (+26.1%), from €611,543 to €771,347
- Other debts -€143,363
down €143,363 (-35.0%), from €409,988 to €266,625
- Trade debts +€105,677
up €105,677 (+75.2%), from €140,550 to €246,228
- Gross operating margin +€37,041
up €37,041 (+8.1%), from €455,143 to €492,184
- Staff costs +€23,401
up €23,401 (+12.1%), from €192,705 to €216,106
- Taxes +€16,884
up €16,884 (+41.8%), from €40,398 to €57,282
- Financial income -€8,565
down €8,565 (-27.7%), from €30,952 to €22,386
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 | €1,282,263 | €1,406,962 | +€124,699 | +9.7% |
| Fixed assets | 21/28 | €125,067 | €109,034 | -€16,034 | -12.8% |
| Tangible fixed assets | 22/27 | €125,067 | €109,034 | -€16,034 | -12.8% |
| Land and buildings | 22 | €8,642 | €6,699 | -€1,944 | -22.5% |
| Plant, machinery and equipment | 23 | €94,931 | €77,407 | -€17,525 | -18.5% |
| Other tangible fixed assets | 26 | €21,493 | €24,928 | +€3,435 | +16.0% |
| Current assets | 29/58 | €1,157,196 | €1,297,928 | +€140,732 | +12.2% |
| Stocks and contracts in progress | 3 | €323,431 | €363,330 | +€39,899 | +12.3% |
| Stocks | 30/36 | €323,431 | €363,330 | +€39,899 | +12.3% |
| Amounts receivable within one year | 40/41 | €508,558 | €647,568 | +€139,010 | +27.3% |
| Trade receivables | 40 | €140,499 | €178,466 | +€37,966 | +27.0% |
| Other amounts receivable | 41 | €368,058 | €469,102 | +€101,044 | +27.5% |
| Cash at bank and in hand | 54/58 | €316,204 | €277,585 | -€38,620 | -12.2% |
| Deferred charges and accrued income | 490/1 | €9,003 | €9,445 | +€443 | +4.9% |
| Total equity and liabilities | 10/49 | €1,282,263 | €1,406,962 | +€124,699 | +9.7% |
| Equity | 10/15 | €691,321 | €851,125 | +€159,804 | +23.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €17,778 | €17,778 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €11,578 | €11,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | €611,543 | €771,347 | +€159,804 | +26.1% |
| Amounts payable | 17/49 | €590,942 | €555,836 | -€35,105 | -5.9% |
| Amounts payable within one year | 42/48 | €587,854 | €553,330 | -€34,524 | -5.9% |
| Trade debts | 44 | €140,550 | €246,228 | +€105,677 | +75.2% |
| Suppliers | 440/4 | €140,550 | €246,228 | +€105,677 | +75.2% |
| Taxes, remuneration and social security | 45 | €37,316 | €40,477 | +€3,161 | +8.5% |
| Taxes | 450/3 | €5,027 | €4,406 | -€621 | -12.4% |
| Remuneration and social security | 454/9 | €32,289 | €36,072 | +€3,782 | +11.7% |
| Other amounts payable | 47/48 | €409,988 | €266,625 | -€143,363 | -35.0% |
| Accrued charges and deferred income | 492/3 | €3,088 | €2,507 | -€581 | -18.8% |
| Non-recurring operating income | 76A | €537 | - | -€537 | |
| Remuneration, social security and pensions | 62 | €192,705 | €216,106 | +€23,401 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,769 | €22,924 | -€845 | -3.6% |
| Other operating charges | 640/8 | €1,443 | €1,466 | +€23 | +1.6% |
| Gross operating margin | 9900 | €455,143 | €492,184 | +€37,041 | +8.1% |
| Operating profit (loss) | 9901 | €237,227 | €251,688 | +€14,462 | +6.1% |
| Financial income | 75/76B | €30,952 | €22,386 | -€8,565 | -27.7% |
| Recurring financial income | 75 | €30,952 | €22,386 | -€8,565 | -27.7% |
| Financial charges | 65/66B | €21,779 | €16,988 | -€4,791 | -22.0% |
| Recurring financial charges | 65 | €21,779 | €16,988 | -€4,791 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €246,399 | €257,086 | +€10,687 | +4.3% |
| Income taxes | 67/77 | €40,398 | €57,282 | +€16,884 | +41.8% |
| Profit (loss) for the period | 9904 | €206,001 | €199,804 | -€6,197 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €206,001 | €199,804 | -€6,197 | -3.0% |
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 12 October 2026 via checked.be.