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
- Current investments +€301,177
up €301,177 (+100.4%), from €300,000 to €601,177
- Cash +€253,312
up €253,312 (+291.8%), from €86,810 to €340,122
mainly Net result for the year (+€575,297) and Receivables within one year (+€103,436)
- Receivables within one year -€103,436
down €103,436 (-56.5%), from €183,058 to €79,622
- Deferred charges and accrued income +€80,000
up €80,000 (+1577.1%), from €5,073 to €85,073
- Profit (loss) carried forward +€575,297
new in 2025: €575,297
- Trade debts -€26,314
down €26,314 (-97.4%), from €27,008 to €694
- Tax, wage and social debts -€26,110
down €26,110 (-54.2%), from €48,179 to €22,069
of which Taxes: -€23,360
- Gross operating margin +€214,158
up €214,158 (+39.7%), from €540,077 to €754,235
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 | €604,518 | €1,126,422 | +€521,904 | +86.3% |
| Fixed assets | 21/28 | €29,577 | €20,428 | -€9,149 | -30.9% |
| Tangible fixed assets | 22/27 | €29,577 | €20,428 | -€9,149 | -30.9% |
| Plant, machinery and equipment | 23 | €20,550 | €17,751 | -€2,798 | -13.6% |
| Furniture and vehicles | 24 | €9,028 | €2,677 | -€6,351 | -70.3% |
| Current assets | 29/58 | €574,941 | €1,105,994 | +€531,053 | +92.4% |
| Amounts receivable within one year | 40/41 | €183,058 | €79,622 | -€103,436 | -56.5% |
| Trade receivables | 40 | €183,058 | €79,622 | -€103,436 | -56.5% |
| Current investments | 50/53 | €300,000 | €601,177 | +€301,177 | +100.4% |
| Cash at bank and in hand | 54/58 | €86,810 | €340,122 | +€253,312 | +291.8% |
| Deferred charges and accrued income | 490/1 | €5,073 | €85,073 | +€80,000 | +1577.1% |
| Total equity and liabilities | 10/49 | €604,518 | €1,126,422 | +€521,904 | +86.3% |
| Equity | 10/15 | €526,244 | €1,101,541 | +€575,297 | +109.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €506,244 | €506,244 | = | 0.0% |
| Distributable reserves | 133 | €506,244 | €506,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €575,297 | +€575,297 | |
| Amounts payable | 17/49 | €78,274 | €24,881 | -€53,394 | -68.2% |
| Amounts payable within one year | 42/48 | €75,187 | €22,764 | -€52,423 | -69.7% |
| Trade debts | 44 | €27,008 | €694 | -€26,314 | -97.4% |
| Suppliers | 440/4 | €27,008 | €694 | -€26,314 | -97.4% |
| Taxes, remuneration and social security | 45 | €48,179 | €22,069 | -€26,110 | -54.2% |
| Taxes | 450/3 | €45,429 | €22,069 | -€23,360 | -51.4% |
| Remuneration and social security | 454/9 | €2,750 | - | -€2,750 | |
| Accrued charges and deferred income | 492/3 | €3,088 | €2,117 | -€971 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,353 | €9,149 | +€1,796 | +24.4% |
| Other operating charges | 640/8 | €118 | €183 | +€65 | +55.4% |
| Gross operating margin | 9900 | €540,077 | €754,235 | +€214,158 | +39.7% |
| Operating profit (loss) | 9901 | €532,606 | €744,902 | +€212,297 | +39.9% |
| Financial income | 75/76B | - | €1,682 | +€1,682 | |
| Recurring financial income | 75 | - | €1,682 | +€1,682 | |
| Financial charges | 65/66B | €0 | €70 | +€70 | +699900.0% |
| Recurring financial charges | 65 | €0 | €70 | +€70 | +699900.0% |
| Profit (loss) for the period before taxes | 9903 | €532,606 | €746,514 | +€213,908 | +40.2% |
| Income taxes | 67/77 | €165,429 | €171,216 | +€5,787 | +3.5% |
| Profit (loss) for the period | 9904 | €367,176 | €575,297 | +€208,121 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €367,176 | €575,297 | +€208,121 | +56.7% |
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 30 September 2026 via checked.be.