NIBE: 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.
NIBE
Largest movements
- Tangible fixed assets -€6,022
down €6,022 (-2.8%), from €218,722 to €212,700
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€10,246
down €10,246 (-90.0%), from €11,387 to €1,140
- Financial income +€1,774
up €1,774 (+51.0%), from €3,477 to €5,251
- Other operating charges -€550
down €550 (-23.4%), from €2,347 to €1,797
- Depreciation -€310
down €310 (-4.9%), from €6,332 to €6,022
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 | €314,927 | €311,985 | -€2,942 | -0.9% |
| Fixed assets | 21/28 | €218,722 | €212,700 | -€6,022 | -2.8% |
| Tangible fixed assets | 22/27 | €218,722 | €212,700 | -€6,022 | -2.8% |
| Land and buildings | 22 | €218,722 | €212,700 | -€6,022 | -2.8% |
| Current assets | 29/58 | €96,205 | €99,285 | +€3,081 | +3.2% |
| Amounts receivable within one year | 40/41 | €96,205 | €97,593 | +€1,388 | +1.4% |
| Other amounts receivable | 41 | €96,205 | €97,593 | +€1,388 | +1.4% |
| Cash at bank and in hand | 54/58 | - | €1,692 | +€1,692 | |
| Total equity and liabilities | 10/49 | €314,927 | €311,985 | -€2,942 | -0.9% |
| Equity | 10/15 | €312,749 | €311,173 | -€1,576 | -0.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €292,749 | €291,173 | -€1,576 | -0.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €290,749 | €289,173 | -€1,576 | -0.5% |
| Amounts payable | 17/49 | €2,178 | €812 | -€1,366 | -62.7% |
| Amounts payable within one year | 42/48 | €2,178 | €812 | -€1,366 | -62.7% |
| Trade debts | 44 | €2,178 | €812 | -€1,366 | -62.7% |
| Suppliers | 440/4 | €2,178 | €812 | -€1,366 | -62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,332 | €6,022 | -€310 | -4.9% |
| Other operating charges | 640/8 | €2,347 | €1,797 | -€550 | -23.4% |
| Gross operating margin | 9900 | €11,387 | €1,140 | -€10,246 | -90.0% |
| Operating profit (loss) | 9901 | €2,707 | -€6,679 | -€9,386 | |
| Financial income | 75/76B | €3,477 | €5,251 | +€1,774 | +51.0% |
| Recurring financial income | 75 | €3,477 | €5,251 | +€1,774 | +51.0% |
| Financial charges | 65/66B | €231 | €148 | -€84 | -36.1% |
| Recurring financial charges | 65 | €231 | €148 | -€84 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €5,953 | -€1,576 | -€7,529 | |
| Profit (loss) for the period | 9904 | €5,953 | -€1,576 | -€7,529 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,953 | -€1,576 | -€7,529 |
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 4 October 2026 via checked.be.