NIBL: 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.
NIBL
Largest movements
- Cash +€38,647
new in 2025: €38,647
mainly Net result for the year (+€78,527) and Receivables within one year (+€25,074)
- Receivables within one year -€25,074
down €25,074 (-22.1%), from €113,312 to €88,237
of which Other amounts receivable: -€21,622
- Tangible fixed assets +€20,619
up €20,619 (+1.9%), from €1.1m to €1.1m
of which Furniture and vehicles: +€11,859
- Reserves +€78,527
up €78,527 (+18.8%), from €417,151 to €495,678
of which Distributable reserves: +€78,527
- Current portion of long-term debt -€46,828
down €46,828 (-75.1%), from €62,336 to €15,508
- Short-term financial debts -€15,919
no longer reported in 2025 (was €15,919)
- Trade debts +€13,993
up €13,993 (+47.9%), from €29,198 to €43,191
- Gross operating margin -€272,218
down €272,218 (-66.9%), from €407,065 to €134,847
- Financial charges -€27,429
down €27,429 (-49.4%), from €55,533 to €28,104
- Staff costs -€22,092
down €22,092, from €10,077 to -€12,015
- Taxes +€7,741
up €7,741 (+55.7%), from €13,895 to €21,636
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 | €1,219,288 | €1,253,479 | +€34,191 | +2.8% |
| Fixed assets | 21/28 | €1,067,781 | €1,088,401 | +€20,619 | +1.9% |
| Tangible fixed assets | 22/27 | €1,067,107 | €1,087,726 | +€20,619 | +1.9% |
| Land and buildings | 22 | €623,713 | €633,125 | +€9,412 | +1.5% |
| Plant, machinery and equipment | 23 | €8,550 | €7,898 | -€652 | -7.6% |
| Furniture and vehicles | 24 | €408,997 | €420,856 | +€11,859 | +2.9% |
| Leasing and similar rights | 25 | €25,847 | €25,847 | = | 0.0% |
| Financial fixed assets | 28 | €674 | €674 | = | 0.0% |
| Current assets | 29/58 | €151,507 | €165,079 | +€13,572 | +9.0% |
| Amounts receivable after more than one year | 29 | €38,195 | €38,195 | = | 0.0% |
| Other amounts receivable | 291 | €38,195 | €38,195 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €113,312 | €88,237 | -€25,074 | -22.1% |
| Trade receivables | 40 | €75,016 | €71,564 | -€3,453 | -4.6% |
| Other amounts receivable | 41 | €38,295 | €16,673 | -€21,622 | -56.5% |
| Cash at bank and in hand | 54/58 | - | €38,647 | +€38,647 | |
| Total equity and liabilities | 10/49 | €1,219,288 | €1,253,479 | +€34,191 | +2.8% |
| Equity | 10/15 | €423,351 | €501,878 | +€78,527 | +18.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €417,151 | €495,678 | +€78,527 | +18.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €231,129 | €231,129 | = | 0.0% |
| Distributable reserves | 133 | €184,162 | €262,689 | +€78,527 | +42.6% |
| Provisions and deferred taxes | 16 | €54,782 | €54,782 | = | 0.0% |
| Deferred taxes | 168 | €54,782 | €54,782 | = | 0.0% |
| Amounts payable | 17/49 | €741,154 | €696,819 | -€44,335 | -6.0% |
| Amounts payable after more than one year | 17 | €589,552 | €589,552 | = | 0.0% |
| Financial debts | 170/4 | €589,552 | €589,552 | = | 0.0% |
| Amounts payable within one year | 42/48 | €151,602 | €107,267 | -€44,335 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €62,336 | €15,508 | -€46,828 | -75.1% |
| Financial debts | 43 | €15,919 | - | -€15,919 | |
| Credit institutions | 430/8 | €15,919 | - | -€15,919 | |
| Trade debts | 44 | €29,198 | €43,191 | +€13,993 | +47.9% |
| Suppliers | 440/4 | €29,198 | €43,191 | +€13,993 | +47.9% |
| Taxes, remuneration and social security | 45 | €44,150 | €48,568 | +€4,418 | +10.0% |
| Taxes | 450/3 | €31,177 | €31,259 | +€83 | +0.3% |
| Remuneration and social security | 454/9 | €12,973 | €17,308 | +€4,335 | +33.4% |
| Non-recurring operating income | 76A | €297,503 | - | -€297,503 | |
| Remuneration, social security and pensions | 62 | €10,077 | -€12,015 | -€22,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,780 | €18,596 | -€2,184 | -10.5% |
| Other operating charges | 640/8 | €682 | - | -€682 | |
| Non-recurring operating charges | 66A | €1,385 | - | -€1,385 | |
| Gross operating margin | 9900 | €407,065 | €134,847 | -€272,218 | -66.9% |
| Operating profit (loss) | 9901 | €374,140 | €128,266 | -€245,874 | -65.7% |
| Financial income | 75/76B | €20 | €1 | -€19 | -97.1% |
| Recurring financial income | 75 | €20 | €1 | -€19 | -97.1% |
| Financial charges | 65/66B | €55,533 | €28,104 | -€27,429 | -49.4% |
| Recurring financial charges | 65 | €55,533 | €28,104 | -€27,429 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €318,627 | €100,163 | -€218,464 | -68.6% |
| Transfer from deferred taxes | 780 | €4,718 | - | -€4,718 | |
| Transfer to deferred taxes | 680 | €59,501 | - | -€59,501 | |
| Income taxes | 67/77 | €13,895 | €21,636 | +€7,741 | +55.7% |
| Profit (loss) for the period | 9904 | €249,950 | €78,527 | -€171,423 | -68.6% |
| Transfer from tax-exempt reserves | 789 | €18,873 | - | -€18,873 | |
| Transfer to tax-exempt reserves | 689 | €238,002 | - | -€238,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,821 | €78,527 | +€47,706 | +155% |
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 27 October 2026 via checked.be.