Nibi: 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.
Nibi
Largest movements
- Tangible fixed assets +€27,247
up €27,247 (+59.6%), from €45,749 to €72,996
of which Furniture and vehicles: +€27,564
- Receivables within one year +€2,584
up €2,584 (+17.7%), from €14,620 to €17,204
of which Trade receivables: +€2,659
- Intangible fixed assets +€1,904
new in 2025: €1,904
- Cash -€1,060
down €1,060 (-15.1%), from €7,036 to €5,977
mainly Investment in fixed assets (net) (-€49,481) and Receivables within one year (-€2,584)
- Debts after one year +€17,014
up €17,014 (+55.2%), from €30,839 to €47,852
- Reserves +€9,469
up €9,469 (+110.2%), from €8,594 to €18,063
- Current portion of long-term debt +€7,827
up €7,827 (+80.6%), from €9,715 to €17,542
- Other debts -€2,341
down €2,341 (-41.9%), from €5,580 to €3,239
- Depreciation +€8,017
up €8,017 (+65.1%), from €12,313 to €20,330
- Gross operating margin +€7,598
up €7,598 (+27.3%), from €27,840 to €35,439
- Taxes -€1,525
down €1,525 (-47.0%), from €3,247 to €1,722
- Financial charges +€1,025
up €1,025 (+66.7%), from €1,537 to €2,561
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 | €69,326 | €100,230 | +€30,905 | +44.6% |
| Fixed assets | 21/28 | €45,749 | €74,900 | +€29,150 | +63.7% |
| Intangible fixed assets | 21 | - | €1,904 | +€1,904 | |
| Tangible fixed assets | 22/27 | €45,749 | €72,996 | +€27,247 | +59.6% |
| Plant, machinery and equipment | 23 | €2,795 | €2,479 | -€317 | -11.3% |
| Furniture and vehicles | 24 | €42,954 | €70,517 | +€27,564 | +64.2% |
| Current assets | 29/58 | €23,577 | €25,331 | +€1,754 | +7.4% |
| Amounts receivable within one year | 40/41 | €14,620 | €17,204 | +€2,584 | +17.7% |
| Trade receivables | 40 | €14,545 | €17,204 | +€2,659 | +18.3% |
| Other amounts receivable | 41 | €75 | €0 | -€75 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,036 | €5,977 | -€1,060 | -15.1% |
| Deferred charges and accrued income | 490/1 | €1,920 | €2,150 | +€230 | +12.0% |
| Total equity and liabilities | 10/49 | €69,326 | €100,230 | +€30,905 | +44.6% |
| Equity | 10/15 | €11,094 | €20,563 | +€9,469 | +85.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €8,594 | €18,063 | +€9,469 | +110.2% |
| Distributable reserves | 133 | €8,594 | €18,063 | +€9,469 | +110.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,232 | €79,667 | +€21,436 | +36.8% |
| Amounts payable after more than one year | 17 | €30,839 | €47,852 | +€17,014 | +55.2% |
| Financial debts | 170/4 | €30,839 | €47,852 | +€17,014 | +55.2% |
| Amounts payable within one year | 42/48 | €27,393 | €31,815 | +€4,422 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €9,715 | €17,542 | +€7,827 | +80.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,509 | €1,408 | -€101 | -6.7% |
| Suppliers | 440/4 | €1,509 | €1,408 | -€101 | -6.7% |
| Taxes, remuneration and social security | 45 | €10,589 | €9,626 | -€963 | -9.1% |
| Taxes | 450/3 | €10,589 | €9,626 | -€963 | -9.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,580 | €3,239 | -€2,341 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,313 | €20,330 | +€8,017 | +65.1% |
| Other operating charges | 640/8 | €558 | €514 | -€44 | -7.9% |
| Non-recurring operating charges | 66A | €732 | €852 | +€119 | +16.3% |
| Gross operating margin | 9900 | €27,840 | €35,439 | +€7,598 | +27.3% |
| Operating profit (loss) | 9901 | €14,237 | €13,743 | -€495 | -3.5% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,537 | €2,561 | +€1,025 | +66.7% |
| Recurring financial charges | 65 | €1,537 | €2,561 | +€1,025 | +66.7% |
| Profit (loss) for the period before taxes | 9903 | €12,701 | €11,191 | -€1,509 | -11.9% |
| Income taxes | 67/77 | €3,247 | €1,722 | -€1,525 | -47.0% |
| Profit (loss) for the period | 9904 | €9,453 | €9,469 | +€16 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,453 | €9,469 | +€16 | +0.2% |
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.