NIBEL: 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.
NIBEL
Largest movements
- Receivables within one year +€5,950
up €5,950 (+164.1%), from €3,627 to €9,577
- Tangible fixed assets -€2,333
no longer reported in 2025 (was €2,333)
- Stocks and contracts -€1,584
down €1,584 (-23.7%), from €6,684 to €5,100
- Intangible fixed assets -€1,323
down €1,323 (-24.1%), from €5,494 to €4,170
- Cash +€1,218
up €1,218 (+107.5%), from €1,133 to €2,350
mainly Depreciation (+€3,657) and Stocks and contracts (+€1,584)
- Trade debts +€1,414
up €1,414 (+57.7%), from €2,450 to €3,864
- Profit (loss) carried forward +€644
up €644 (+5.4%), from -€11,872 to -€11,227
- Gross operating margin +€7,154
up €7,154, from -€2,313 to €4,841
- Other operating charges -€447
down €447 (-51.3%), from €871 to €424
- Financial charges -€294
down €294 (-71.8%), from €409 to €115
- Taxes -€132
no longer reported in 2025 (was €132)
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 | €19,270 | €21,197 | +€1,927 | +10.0% |
| Fixed assets | 21/28 | €7,827 | €4,170 | -€3,657 | -46.7% |
| Intangible fixed assets | 21 | €5,494 | €4,170 | -€1,323 | -24.1% |
| Tangible fixed assets | 22/27 | €2,333 | - | -€2,333 | |
| Furniture and vehicles | 24 | €2,333 | - | -€2,333 | |
| Current assets | 29/58 | €11,443 | €17,027 | +€5,584 | +48.8% |
| Stocks and contracts in progress | 3 | €6,684 | €5,100 | -€1,584 | -23.7% |
| Stocks | 30/36 | €6,684 | €5,100 | -€1,584 | -23.7% |
| Amounts receivable within one year | 40/41 | €3,627 | €9,577 | +€5,950 | +164.1% |
| Other amounts receivable | 41 | €3,627 | €9,577 | +€5,950 | +164.1% |
| Cash at bank and in hand | 54/58 | €1,133 | €2,350 | +€1,218 | +107.5% |
| Total equity and liabilities | 10/49 | €19,270 | €21,197 | +€1,927 | +10.0% |
| Equity | 10/15 | €1,051 | €1,696 | +€644 | +61.3% |
| Contributions | 10/11 | €12,890 | €12,890 | = | 0.0% |
| Capital | 10 | €12,890 | €12,890 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €5,702 | €5,702 | = | 0.0% |
| Reserves | 13 | €33 | €33 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33 | €33 | = | 0.0% |
| Legal reserve | 130 | €33 | €33 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,872 | -€11,227 | +€644 | +5.4% |
| Amounts payable | 17/49 | €18,219 | €19,501 | +€1,283 | +7.0% |
| Amounts payable within one year | 42/48 | €18,219 | €19,501 | +€1,283 | +7.0% |
| Trade debts | 44 | €2,450 | €3,864 | +€1,414 | +57.7% |
| Suppliers | 440/4 | €2,450 | €3,864 | +€1,414 | +57.7% |
| Taxes, remuneration and social security | 45 | €12,398 | €12,267 | -€132 | -1.1% |
| Taxes | 450/3 | €132 | - | -€132 | |
| Remuneration and social security | 454/9 | €12,267 | €12,267 | = | 0.0% |
| Other amounts payable | 47/48 | €3,370 | €3,370 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,657 | €3,657 | +€0 | 0.0% |
| Other operating charges | 640/8 | €871 | €424 | -€447 | -51.3% |
| Gross operating margin | 9900 | -€2,313 | €4,841 | +€7,154 | |
| Operating profit (loss) | 9901 | -€6,841 | €760 | +€7,601 | |
| Financial charges | 65/66B | €409 | €115 | -€294 | -71.8% |
| Recurring financial charges | 65 | €409 | €115 | -€294 | -71.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,250 | €644 | +€7,894 | |
| Income taxes | 67/77 | €132 | - | -€132 | |
| Profit (loss) for the period | 9904 | -€7,381 | €644 | +€8,026 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,381 | €644 | +€8,026 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.