NIAR UP: 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.
NIAR UP
Largest movements
- Tangible fixed assets -€3,170
down €3,170 (-35.8%), from €8,854 to €5,684
of which Plant, machinery and equipment: -€2,616
- Cash -€2,677
down €2,677 (-45.7%), from €5,859 to €3,182
mainly Trade debts (-€11,940) and Net result for the year (-€6,930)
- Receivables within one year -€2,208
down €2,208 (-73.1%), from €3,021 to €813
of which Trade receivables: -€2,736
- Stocks and contracts +€1,750
up €1,750 (+43.8%), from €4,000 to €5,750
- Trade debts -€11,940
down €11,940 (-79.4%), from €15,034 to €3,095
- Other debts +€9,706
up €9,706 (+140%), from €6,948 to €16,655
- Profit (loss) carried forward -€6,930
down €6,930 (-166%), from -€4,170 to -€11,100
- Tax, wage and social debts +€2,858
new in 2025: €2,858
- Gross operating margin -€32,680
down €32,680 (-81.6%), from €40,053 to €7,374
- Staff costs -€23,652
down €23,652 (-75.2%), from €31,464 to €7,812
- Taxes -€3,842
down €3,842 (-83.2%), from €4,617 to €775
- Depreciation +€806
up €806 (+34.1%), from €2,364 to €3,170
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 | €21,813 | €15,507 | -€6,305 | -28.9% |
| Fixed assets | 21/28 | €8,932 | €5,762 | -€3,170 | -35.5% |
| Tangible fixed assets | 22/27 | €8,854 | €5,684 | -€3,170 | -35.8% |
| Plant, machinery and equipment | 23 | €7,857 | €5,241 | -€2,616 | -33.3% |
| Furniture and vehicles | 24 | €997 | €443 | -€554 | -55.6% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €12,880 | €9,745 | -€3,135 | -24.3% |
| Stocks and contracts in progress | 3 | €4,000 | €5,750 | +€1,750 | +43.8% |
| Stocks | 30/36 | €4,000 | €5,750 | +€1,750 | +43.8% |
| Amounts receivable within one year | 40/41 | €3,021 | €813 | -€2,208 | -73.1% |
| Trade receivables | 40 | €2,736 | - | -€2,736 | |
| Other amounts receivable | 41 | €285 | €813 | +€528 | +185% |
| Cash at bank and in hand | 54/58 | €5,859 | €3,182 | -€2,677 | -45.7% |
| Total equity and liabilities | 10/49 | €21,813 | €15,507 | -€6,305 | -28.9% |
| Equity | 10/15 | -€170 | -€7,100 | -€6,930 | -4,073% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,170 | -€11,100 | -€6,930 | -166% |
| Amounts payable | 17/49 | €21,983 | €22,607 | +€624 | +2.8% |
| Amounts payable within one year | 42/48 | €21,983 | €22,607 | +€624 | +2.8% |
| Trade debts | 44 | €15,034 | €3,095 | -€11,940 | -79.4% |
| Suppliers | 440/4 | €15,034 | €3,095 | -€11,940 | -79.4% |
| Taxes, remuneration and social security | 45 | - | €2,858 | +€2,858 | |
| Remuneration and social security | 454/9 | - | €2,858 | +€2,858 | |
| Other amounts payable | 47/48 | €6,948 | €16,655 | +€9,706 | +140% |
| Remuneration, social security and pensions | 62 | €31,464 | €7,812 | -€23,652 | -75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,364 | €3,170 | +€806 | +34.1% |
| Other operating charges | 640/8 | €115 | €9 | -€106 | -92.3% |
| Non-recurring operating charges | 66A | €100 | €2,369 | +€2,269 | +2,269% |
| Gross operating margin | 9900 | €40,053 | €7,374 | -€32,680 | -81.6% |
| Operating profit (loss) | 9901 | €6,010 | -€5,987 | -€11,996 | |
| Financial charges | 65/66B | €141 | €168 | +€27 | +19.2% |
| Recurring financial charges | 65 | €141 | €168 | +€27 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €5,869 | -€6,155 | -€12,023 | |
| Income taxes | 67/77 | €4,617 | €775 | -€3,842 | -83.2% |
| Profit (loss) for the period | 9904 | €1,252 | -€6,930 | -€8,182 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,252 | -€6,930 | -€8,182 |
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 25 October 2026 via checked.be.