NIBECOT: 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.
NIBECOT
Largest movements
- Cash -€288,089
down €288,089 (-91.7%), from €314,191 to €26,102
mainly Investment in fixed assets (net) (-€263,250) and Net result for the year (-€33,688)
- Tangible fixed assets +€249,553
up €249,553 (+899%), from €27,761 to €277,314
of which Land and buildings: +€258,416
- Receivables within one year -€5,117
down €5,117 (-87.5%), from €5,851 to €734
- Reserves -€33,688
down €33,688 (-20.3%), from €165,884 to €132,196
- Debts after one year -€10,937
down €10,937 (-6.9%), from €158,693 to €147,756
- Gross operating margin -€26,116
down €26,116, from €9,827 to -€16,290
- Depreciation +€4,282
up €4,282 (+45.5%), from €9,415 to €13,697
- Financial charges -€436
down €436 (-10.6%), from €4,125 to €3,689
- Financial income +€425
up €425 (+146%), from €291 to €716
- Other operating charges +€175
up €175 (+31.7%), from €553 to €728
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 | €349,506 | €305,908 | -€43,598 | -12.5% |
| Fixed assets | 21/28 | €27,761 | €277,314 | +€249,553 | +899% |
| Tangible fixed assets | 22/27 | €27,761 | €277,314 | +€249,553 | +899% |
| Land and buildings | 22 | - | €258,416 | +€258,416 | |
| Furniture and vehicles | 24 | €27,761 | €18,898 | -€8,863 | -31.9% |
| Current assets | 29/58 | €321,745 | €28,594 | -€293,151 | -91.1% |
| Amounts receivable within one year | 40/41 | €5,851 | €734 | -€5,117 | -87.5% |
| Other amounts receivable | 41 | €5,851 | €734 | -€5,117 | -87.5% |
| Cash at bank and in hand | 54/58 | €314,191 | €26,102 | -€288,089 | -91.7% |
| Deferred charges and accrued income | 490/1 | €1,703 | €1,758 | +€56 | +3.3% |
| Total equity and liabilities | 10/49 | €349,506 | €305,908 | -€43,598 | -12.5% |
| Equity | 10/15 | €179,384 | €145,696 | -€33,688 | -18.8% |
| Contributions | 10/11 | €13,500 | €13,500 | = | 0.0% |
| Reserves | 13 | €165,884 | €132,196 | -€33,688 | -20.3% |
| Distributable reserves | 133 | €165,884 | €132,196 | -€33,688 | -20.3% |
| Amounts payable | 17/49 | €170,122 | €160,212 | -€9,910 | -5.8% |
| Amounts payable after more than one year | 17 | €158,693 | €147,756 | -€10,937 | -6.9% |
| Financial debts | 170/4 | €158,693 | €147,756 | -€10,937 | -6.9% |
| Amounts payable within one year | 42/48 | €11,328 | €11,662 | +€333 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €10,743 | €10,937 | +€194 | +1.8% |
| Trade debts | 44 | €216 | - | -€216 | |
| Suppliers | 440/4 | €216 | - | -€216 | |
| Other amounts payable | 47/48 | €369 | €725 | +€355 | +96.2% |
| Accrued charges and deferred income | 492/3 | €100 | €795 | +€694 | +692% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,415 | €13,697 | +€4,282 | +45.5% |
| Other operating charges | 640/8 | €553 | €728 | +€175 | +31.7% |
| Gross operating margin | 9900 | €9,827 | -€16,290 | -€26,116 | |
| Operating profit (loss) | 9901 | -€141 | -€30,715 | -€30,574 | -21,622% |
| Financial income | 75/76B | €291 | €716 | +€425 | +146% |
| Recurring financial income | 75 | €291 | €716 | +€425 | +146% |
| Financial charges | 65/66B | €4,125 | €3,689 | -€436 | -10.6% |
| Recurring financial charges | 65 | €4,125 | €3,689 | -€436 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,976 | -€33,688 | -€29,713 | -747% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€3,976 | -€33,688 | -€29,713 | -747% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,976 | -€33,688 | -€29,713 | -747% |
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 17 October 2026 via checked.be.