NIBRAMO: 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.
NIBRAMO
Largest movements
- Cash +€464,753
up €464,753 (+201%), from €231,624 to €696,377
mainly Debts after one year (+€326,445) and Investment in fixed assets (net) (+€104,920)
- Tangible fixed assets -€191,110
down €191,110 (-16.3%), from €1.2m to €979,582
- Debts after one year +€326,445
up €326,445 (+15,149%), from €2,155 to €328,600
- Other debts -€40,988
down €40,988 (-27.5%), from €149,124 to €108,136
- Current portion of long-term debt +€20,808
up €20,808 (+165%), from €12,636 to €33,444
- Depreciation +€30,556
up €30,556 (+54.9%), from €55,634 to €86,190
- Taxes -€11,404
down €11,404 (-100%), from €11,404 to €0
- Other operating charges +€7,866
up €7,866 (+27.1%), from €28,987 to €36,853
- Financial income +€5,586
up €5,586 (+77.8%), from €7,177 to €12,764
of which Financial income: +€8,289
- Financial charges +€3,541
up €3,541 (+255%), from €1,389 to €4,930
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 | €1,483,129 | €1,785,201 | +€302,072 | +20.4% |
| Fixed assets | 21/28 | €1,170,692 | €979,582 | -€191,110 | -16.3% |
| Tangible fixed assets | 22/27 | €1,170,692 | €979,582 | -€191,110 | -16.3% |
| Land and buildings | 22 | €1,170,692 | €979,582 | -€191,110 | -16.3% |
| Current assets | 29/58 | €312,437 | €805,619 | +€493,182 | +158% |
| Amounts receivable within one year | 40/41 | €3,947 | €12,636 | +€8,690 | +220% |
| Other amounts receivable | 41 | €3,947 | €12,636 | +€8,690 | +220% |
| Current investments | 50/53 | €69,266 | €73,035 | +€3,770 | +5.4% |
| Cash at bank and in hand | 54/58 | €231,624 | €696,377 | +€464,753 | +201% |
| Deferred charges and accrued income | 490/1 | €7,601 | €23,570 | +€15,970 | +210% |
| Total equity and liabilities | 10/49 | €1,483,129 | €1,785,201 | +€302,072 | +20.4% |
| Equity | 10/15 | €1,306,306 | €1,303,541 | -€2,766 | -0.2% |
| Contributions | 10/11 | €644,523 | €644,523 | = | 0.0% |
| Capital | 10 | €644,523 | €644,523 | = | 0.0% |
| Issued capital | 100 | €644,523 | €644,523 | = | 0.0% |
| Reserves | 13 | €661,783 | €659,018 | -€2,766 | -0.4% |
| Non-distributable reserves | 130/1 | €64,445 | €64,445 | = | 0.0% |
| Legal reserve | 130 | €64,445 | €64,445 | = | 0.0% |
| Tax-exempt reserves | 132 | €652 | €652 | = | 0.0% |
| Distributable reserves | 133 | €596,686 | €593,920 | -€2,766 | -0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €176,823 | €481,660 | +€304,838 | +172% |
| Amounts payable after more than one year | 17 | €2,155 | €328,600 | +€326,445 | +15,149% |
| Financial debts | 170/4 | €2,155 | €328,600 | +€326,445 | +15,149% |
| Amounts payable within one year | 42/48 | €165,439 | €143,201 | -€22,239 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €12,636 | €33,444 | +€20,808 | +165% |
| Trade debts | 44 | €1,344 | €1,621 | +€277 | +20.6% |
| Suppliers | 440/4 | €1,344 | €1,621 | +€277 | +20.6% |
| Taxes, remuneration and social security | 45 | €2,335 | €0 | -€2,335 | -100% |
| Taxes | 450/3 | €2,335 | €0 | -€2,335 | -100% |
| Other amounts payable | 47/48 | €149,124 | €108,136 | -€40,988 | -27.5% |
| Accrued charges and deferred income | 492/3 | €9,228 | €9,859 | +€631 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,634 | €86,190 | +€30,556 | +54.9% |
| Other operating charges | 640/8 | €28,987 | €36,853 | +€7,866 | +27.1% |
| Gross operating margin | 9900 | €114,674 | €112,444 | -€2,231 | -1.9% |
| Operating profit (loss) | 9901 | €30,053 | -€10,599 | -€40,652 | |
| Financial income | 75/76B | €7,177 | €12,764 | +€5,586 | +77.8% |
| Recurring financial income | 75 | €4,474 | €12,764 | +€8,289 | +185% |
| Non-recurring financial income | 76B | €2,703 | €0 | -€2,703 | -100% |
| Financial charges | 65/66B | €1,389 | €4,930 | +€3,541 | +255% |
| Recurring financial charges | 65 | €1,389 | €4,930 | +€3,541 | +255% |
| Profit (loss) for the period before taxes | 9903 | €35,842 | -€2,766 | -€38,607 | |
| Income taxes | 67/77 | €11,404 | €0 | -€11,404 | -100% |
| Profit (loss) for the period | 9904 | €24,437 | -€2,766 | -€27,203 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,437 | -€2,766 | -€27,203 |
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 16 October 2026 via checked.be.