NIEN: 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.
NIEN
Largest movements
- Tangible fixed assets +€89,581
up €89,581 (+437.0%), from €20,500 to €110,080
of which Land and buildings: +€55,106
- Cash +€12,888
up €12,888 (+10.6%), from €121,964 to €134,852
mainly Net result for the year (+€51,289) and Trade debts (+€49,366)
- Receivables within one year -€3,896
down €3,896 (-47.8%), from €8,151 to €4,255
of which Other amounts receivable: -€3,337
- Deferred charges and accrued income -€3,559
down €3,559 (-52.4%), from €6,786 to €3,228
- Trade debts +€49,366
up €49,366 (+74.2%), from €66,566 to €115,932
- Other debts +€26,289
up €26,289 (+53.5%), from €49,180 to €75,470
- Debts after one year +€19,464
new in 2025: €19,464
- Gross operating margin +€15,522
up €15,522 (+11.2%), from €138,995 to €154,517
- Depreciation +€6,749
up €6,749 (+62.2%), from €10,847 to €17,596
- Staff costs +€3,771
up €3,771 (+7.1%), from €53,109 to €56,880
- Financial charges +€1,656
up €1,656 (+70.6%), from €2,345 to €4,001
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 | €162,371 | €255,215 | +€92,845 | +57.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €21,793 | €111,374 | +€89,581 | +411.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €20,500 | €110,080 | +€89,581 | +437.0% |
| Land and buildings | 22 | €10,872 | €65,978 | +€55,106 | +506.8% |
| Plant, machinery and equipment | 23 | €1,824 | €15,461 | +€13,636 | +747.4% |
| Furniture and vehicles | 24 | €7,803 | €28,642 | +€20,839 | +267.1% |
| Financial fixed assets | 28 | €1,294 | €1,294 | = | 0.0% |
| Current assets | 29/58 | €140,577 | €143,841 | +€3,264 | +2.3% |
| Stocks and contracts in progress | 3 | €3,677 | €1,507 | -€2,170 | -59.0% |
| Stocks | 30/36 | €3,677 | €1,507 | -€2,170 | -59.0% |
| Amounts receivable within one year | 40/41 | €8,151 | €4,255 | -€3,896 | -47.8% |
| Trade receivables | 40 | €1,930 | €1,371 | -€559 | -29.0% |
| Other amounts receivable | 41 | €6,221 | €2,884 | -€3,337 | -53.6% |
| Cash at bank and in hand | 54/58 | €121,964 | €134,852 | +€12,888 | +10.6% |
| Deferred charges and accrued income | 490/1 | €6,786 | €3,228 | -€3,559 | -52.4% |
| Total equity and liabilities | 10/49 | €162,371 | €255,215 | +€92,845 | +57.2% |
| Equity | 10/15 | €19,366 | €19,366 | = | 0.0% |
| Contributions | 10/11 | €8,684 | €8,684 | = | 0.0% |
| Reserves | 13 | €10,682 | €10,682 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,822 | €8,822 | = | 0.0% |
| Amounts payable | 17/49 | €143,004 | €235,849 | +€92,845 | +64.9% |
| Amounts payable after more than one year | 17 | - | €19,464 | +€19,464 | |
| Financial debts | 170/4 | - | €19,464 | +€19,464 | |
| Amounts payable within one year | 42/48 | €143,004 | €216,385 | +€73,380 | +51.3% |
| Current portion of amounts payable after more than one year | 42 | €5,613 | €5,634 | +€21 | +0.4% |
| Trade debts | 44 | €66,566 | €115,932 | +€49,366 | +74.2% |
| Suppliers | 440/4 | €66,566 | €115,932 | +€49,366 | +74.2% |
| Taxes, remuneration and social security | 45 | €21,645 | €19,349 | -€2,296 | -10.6% |
| Taxes | 450/3 | €8,476 | €6,072 | -€2,404 | -28.4% |
| Remuneration and social security | 454/9 | €13,169 | €13,277 | +€108 | +0.8% |
| Other amounts payable | 47/48 | €49,180 | €75,470 | +€26,289 | +53.5% |
| Remuneration, social security and pensions | 62 | €53,109 | €56,880 | +€3,771 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,847 | €17,596 | +€6,749 | +62.2% |
| Other operating charges | 640/8 | €4,885 | €5,643 | +€758 | +15.5% |
| Gross operating margin | 9900 | €138,995 | €154,517 | +€15,522 | +11.2% |
| Operating profit (loss) | 9901 | €70,154 | €74,398 | +€4,244 | +6.0% |
| Financial income | 75/76B | €205 | €246 | +€41 | +20.1% |
| Recurring financial income | 75 | €205 | €246 | +€41 | +20.1% |
| Financial charges | 65/66B | €2,345 | €4,001 | +€1,656 | +70.6% |
| Recurring financial charges | 65 | €2,345 | €4,001 | +€1,656 | +70.6% |
| Profit (loss) for the period before taxes | 9903 | €68,013 | €70,642 | +€2,629 | +3.9% |
| Income taxes | 67/77 | €18,833 | €19,353 | +€520 | +2.8% |
| Profit (loss) for the period | 9904 | €49,180 | €51,289 | +€2,109 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,180 | €51,289 | +€2,109 | +4.3% |
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 9 October 2026 via checked.be.