NIEF: 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.
NIEF
Largest movements
- Cash +€157,667
up €157,667 (+253.3%), from €62,250 to €219,916
mainly Other debts (+€178,411) and Current investments (+€99,995)
- Current investments -€99,995
down €99,995 (-100.0%), from €99,995 to €0
- Tangible fixed assets -€6,654
down €6,654 (-34.0%), from €19,553 to €12,899
- Other debts +€178,411
up €178,411 (+21417.9%), from €833 to €179,244
- Profit (loss) carried forward -€132,418
down €132,418 (-100.0%), from €132,418 to €0
- Gross operating margin -€5,223
down €5,223 (-6.1%), from €86,228 to €81,006
- Financial income +€2,974
up €2,974, from €0 to €2,974
- Taxes +€1,409
up €1,409 (+8.9%), from €15,797 to €17,206
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 | €201,377 | €248,401 | +€47,023 | +23.4% |
| Fixed assets | 21/28 | €19,613 | €12,959 | -€6,654 | -33.9% |
| Tangible fixed assets | 22/27 | €19,553 | €12,899 | -€6,654 | -34.0% |
| Furniture and vehicles | 24 | €19,553 | €12,899 | -€6,654 | -34.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €181,765 | €235,442 | +€53,677 | +29.5% |
| Amounts receivable within one year | 40/41 | €16,204 | €14,381 | -€1,823 | -11.3% |
| Trade receivables | 40 | €12,661 | €10,861 | -€1,800 | -14.2% |
| Other amounts receivable | 41 | €3,544 | €3,520 | -€23 | -0.7% |
| Current investments | 50/53 | €99,995 | €0 | -€99,995 | -100.0% |
| Cash at bank and in hand | 54/58 | €62,250 | €219,916 | +€157,667 | +253.3% |
| Deferred charges and accrued income | 490/1 | €3,316 | €1,144 | -€2,172 | -65.5% |
| Total equity and liabilities | 10/49 | €201,377 | €248,401 | +€47,023 | +23.4% |
| Equity | 10/15 | €198,897 | €66,480 | -€132,418 | -66.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €65,980 | €65,980 | = | 0.0% |
| Distributable reserves | 133 | €65,980 | €65,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,418 | €0 | -€132,418 | -100.0% |
| Amounts payable | 17/49 | €2,480 | €181,921 | +€179,441 | +7235.5% |
| Amounts payable within one year | 42/48 | €2,120 | €181,814 | +€179,694 | +8475.1% |
| Trade debts | 44 | €1,287 | €514 | -€773 | -60.1% |
| Suppliers | 440/4 | €1,287 | €514 | -€773 | -60.1% |
| Taxes, remuneration and social security | 45 | €0 | €2,056 | +€2,056 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | - | €2,056 | +€2,056 | |
| Other amounts payable | 47/48 | €833 | €179,244 | +€178,411 | +21417.9% |
| Accrued charges and deferred income | 492/3 | €360 | €107 | -€253 | -70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,704 | €8,517 | -€187 | -2.2% |
| Other operating charges | 640/8 | €939 | €774 | -€165 | -17.5% |
| Gross operating margin | 9900 | €86,228 | €81,006 | -€5,223 | -6.1% |
| Operating profit (loss) | 9901 | €76,585 | €71,715 | -€4,870 | -6.4% |
| Financial income | 75/76B | €0 | €2,974 | +€2,974 | |
| Recurring financial income | 75 | €0 | €2,974 | +€2,974 | |
| Financial charges | 65/66B | €115 | €70 | -€45 | -39.4% |
| Recurring financial charges | 65 | €115 | €70 | -€45 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €76,470 | €74,619 | -€1,851 | -2.4% |
| Income taxes | 67/77 | €15,797 | €17,206 | +€1,409 | +8.9% |
| Profit (loss) for the period | 9904 | €60,673 | €57,413 | -€3,260 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,673 | €57,413 | -€3,260 | -5.4% |
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 5 October 2026 via checked.be.