NIBRA: 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.
NIBRA
Largest movements
- Receivables within one year +€50,506
up €50,506 (+110%), from €46,022 to €96,528
of which Other amounts receivable: +€49,336
- Tangible fixed assets +€43,224
up €43,224 (+42.6%), from €101,365 to €144,589
of which Furniture and vehicles: +€43,241
- Intangible fixed assets -€37,250
down €37,250 (-12.5%), from €298,918 to €261,668
- Stocks and contracts +€9,877
up €9,877 (+17.1%), from €57,838 to €67,715
- Current portion of long-term debt +€42,657
up €42,657 (+60.1%), from €70,989 to €113,646
- Other debts +€33,807
up €33,807 (+32.7%), from €103,240 to €137,047
- Profit (loss) carried forward -€31,802
down €31,802 (-34.7%), from €91,744 to €59,941
- Trade debts +€21,616
up €21,616 (+66.9%), from €32,314 to €53,929
- Debts after one year -€15,087
down €15,087 (-7.8%), from €194,602 to €179,515
- Gross operating margin +€81,122
up €81,122 (+18.6%), from €435,939 to €517,061
- Staff costs +€77,138
up €77,138 (+32.5%), from €237,668 to €314,806
- Depreciation +€10,655
up €10,655 (+19.1%), from €55,667 to €66,322
- Other operating charges +€9,604
up €9,604 (+199%), from €4,832 to €14,436
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 | €563,092 | €624,559 | +€61,467 | +10.9% |
| Fixed assets | 21/28 | €408,580 | €413,417 | +€4,836 | +1.2% |
| Intangible fixed assets | 21 | €298,918 | €261,668 | -€37,250 | -12.5% |
| Tangible fixed assets | 22/27 | €101,365 | €144,589 | +€43,224 | +42.6% |
| Plant, machinery and equipment | 23 | €24,256 | €27,013 | +€2,758 | +11.4% |
| Furniture and vehicles | 24 | €30,502 | €73,743 | +€43,241 | +142% |
| Leasing and similar rights | 25 | €1,688 | €745 | -€943 | -55.9% |
| Other tangible fixed assets | 26 | €44,920 | €43,088 | -€1,832 | -4.1% |
| Financial fixed assets | 28 | €8,297 | €7,159 | -€1,138 | -13.7% |
| Current assets | 29/58 | €154,512 | €211,142 | +€56,630 | +36.7% |
| Stocks and contracts in progress | 3 | €57,838 | €67,715 | +€9,877 | +17.1% |
| Stocks | 30/36 | €57,838 | €67,715 | +€9,877 | +17.1% |
| Amounts receivable within one year | 40/41 | €46,022 | €96,528 | +€50,506 | +110% |
| Trade receivables | 40 | €4,661 | €5,831 | +€1,170 | +25.1% |
| Other amounts receivable | 41 | €41,361 | €90,697 | +€49,336 | +119% |
| Cash at bank and in hand | 54/58 | €42,861 | €41,103 | -€1,758 | -4.1% |
| Deferred charges and accrued income | 490/1 | €7,791 | €5,796 | -€1,995 | -25.6% |
| Total equity and liabilities | 10/49 | €563,092 | €624,559 | +€61,467 | +10.9% |
| Equity | 10/15 | €112,149 | €80,346 | -€31,802 | -28.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,744 | €59,941 | -€31,802 | -34.7% |
| Amounts payable | 17/49 | €450,944 | €544,213 | +€93,269 | +20.7% |
| Amounts payable after more than one year | 17 | €194,602 | €179,515 | -€15,087 | -7.8% |
| Financial debts | 170/4 | €194,602 | €179,515 | -€15,087 | -7.8% |
| Amounts payable within one year | 42/48 | €256,342 | €364,698 | +€108,356 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €70,989 | €113,646 | +€42,657 | +60.1% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €32,314 | €53,929 | +€21,616 | +66.9% |
| Suppliers | 440/4 | €32,314 | €53,929 | +€21,616 | +66.9% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €49,799 | €59,075 | +€9,276 | +18.6% |
| Taxes | 450/3 | €17,205 | €20,227 | +€3,022 | +17.6% |
| Remuneration and social security | 454/9 | €32,594 | €38,848 | +€6,254 | +19.2% |
| Other amounts payable | 47/48 | €103,240 | €137,047 | +€33,807 | +32.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €110 | €140 | +€30 | +27.3% |
| Remuneration, social security and pensions | 62 | €237,668 | €314,806 | +€77,138 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,667 | €66,322 | +€10,655 | +19.1% |
| Other operating charges | 640/8 | €4,832 | €14,436 | +€9,604 | +199% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €435,939 | €517,061 | +€81,122 | +18.6% |
| Operating profit (loss) | 9901 | €137,772 | €121,496 | -€16,276 | -11.8% |
| Financial income | 75/76B | €318 | €615 | +€298 | +93.8% |
| Recurring financial income | 75 | €318 | €615 | +€298 | +93.8% |
| Financial charges | 65/66B | €24,345 | €28,109 | +€3,764 | +15.5% |
| Recurring financial charges | 65 | €24,345 | €28,109 | +€3,764 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €113,745 | €94,002 | -€19,742 | -17.4% |
| Income taxes | 67/77 | €23,925 | €18,805 | -€5,121 | -21.4% |
| Profit (loss) for the period | 9904 | €89,819 | €75,198 | -€14,622 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €89,819 | €75,198 | -€14,622 | -16.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.