NIELCI: 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.
NIELCI
Largest movements
- Tangible fixed assets -€4,270
down €4,270 (-7.4%), from €57,462 to €53,192
of which Land and buildings: -€3,618
- Receivables within one year -€1,894
no longer reported in 2025 (was €1,894)
- Cash -€1,234
down €1,234 (-37.0%), from €3,338 to €2,104
mainly Debts after one year (-€6,684) and Other debts (-€1,368)
- Debts after one year -€6,684
down €6,684 (-16.7%), from €40,002 to €33,319
- Other debts -€1,368
down €1,368 (-18.3%), from €7,459 to €6,091
- Reserves +€703
up €703 (+28.9%), from €2,433 to €3,136
- Gross operating margin +€7,261
up €7,261 (+135.4%), from €5,361 to €12,622
- Depreciation +€3,337
up €3,337 (+229.7%), from €1,453 to €4,790
- Financial charges +€3,263
up €3,263 (+140.9%), from €2,315 to €5,578
- Other operating charges +€237
new in 2025: €237
- Taxes +€135
up €135 (+11.5%), from €1,179 to €1,314
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 | €62,754 | €55,355 | -€7,398 | -11.8% |
| Fixed assets | 21/28 | €57,522 | €53,252 | -€4,270 | -7.4% |
| Tangible fixed assets | 22/27 | €57,462 | €53,192 | -€4,270 | -7.4% |
| Land and buildings | 22 | €53,621 | €50,004 | -€3,618 | -6.7% |
| Plant, machinery and equipment | 23 | €2,412 | €2,295 | -€117 | -4.9% |
| Furniture and vehicles | 24 | €1,429 | €893 | -€536 | -37.5% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €5,231 | €2,104 | -€3,128 | -59.8% |
| Amounts receivable within one year | 40/41 | €1,894 | - | -€1,894 | |
| Other amounts receivable | 41 | €1,894 | - | -€1,894 | |
| Cash at bank and in hand | 54/58 | €3,338 | €2,104 | -€1,234 | -37.0% |
| Total equity and liabilities | 10/49 | €62,754 | €55,355 | -€7,398 | -11.8% |
| Equity | 10/15 | €6,433 | €7,136 | +€703 | +10.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €2,433 | €3,136 | +€703 | +28.9% |
| Distributable reserves | 133 | €2,433 | €3,136 | +€703 | +28.9% |
| Amounts payable | 17/49 | €56,321 | €48,220 | -€8,101 | -14.4% |
| Amounts payable after more than one year | 17 | €40,002 | €33,319 | -€6,684 | -16.7% |
| Financial debts | 170/4 | €40,002 | €33,319 | -€6,684 | -16.7% |
| Amounts payable within one year | 42/48 | €16,319 | €14,901 | -€1,417 | -8.7% |
| Financial debts | 43 | €6,395 | €6,684 | +€289 | +4.5% |
| Credit institutions | 430/8 | €6,395 | €6,684 | +€289 | +4.5% |
| Trade debts | 44 | €874 | €470 | -€404 | -46.2% |
| Suppliers | 440/4 | €874 | €470 | -€404 | -46.2% |
| Taxes, remuneration and social security | 45 | €1,591 | €1,656 | +€66 | +4.1% |
| Taxes | 450/3 | €1,591 | €1,656 | +€66 | +4.1% |
| Other amounts payable | 47/48 | €7,459 | €6,091 | -€1,368 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,453 | €4,790 | +€3,337 | +229.7% |
| Other operating charges | 640/8 | - | €237 | +€237 | |
| Gross operating margin | 9900 | €5,361 | €12,622 | +€7,261 | +135.4% |
| Operating profit (loss) | 9901 | €3,908 | €7,595 | +€3,687 | +94.3% |
| Financial charges | 65/66B | €2,315 | €5,578 | +€3,263 | +140.9% |
| Recurring financial charges | 65 | €2,315 | €5,578 | +€3,263 | +140.9% |
| Profit (loss) for the period before taxes | 9903 | €1,593 | €2,017 | +€424 | +26.6% |
| Income taxes | 67/77 | €1,179 | €1,314 | +€135 | +11.5% |
| Profit (loss) for the period | 9904 | €414 | €703 | +€289 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €414 | €703 | +€289 | +69.6% |
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 8 October 2026 via checked.be.