NIES: 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.
NIES
Largest movements
- Receivables within one year -€28,481
down €28,481 (-63.2%), from €45,098 to €16,617
of which Trade receivables: -€15,488
- Stocks and contracts +€26,076
up €26,076 (+133.2%), from €19,576 to €45,652
- Tangible fixed assets -€21,265
down €21,265 (-23.5%), from €90,652 to €69,387
- Cash +€14,802
up €14,802 (+102.4%), from €14,453 to €29,255
mainly Receivables within one year (+€28,481) and Depreciation (+€22,883)
- Deferred charges and accrued income +€10,257
new in 2025: €10,257
- Trade debts +€8,914
up €8,914 (+56.4%), from €15,812 to €24,726
- Debts after one year -€8,017
down €8,017 (-34.8%), from €23,006 to €14,989
- Reserves -€3,630
down €3,630 (-5.4%), from €67,475 to €63,845
of which Tax-exempt reserves: -€5,011
- Tax, wage and social debts +€3,161
up €3,161 (+92.7%), from €3,409 to €6,569
of which Remuneration and social security: +€2,065
- Other debts +€3,020
up €3,020 (+1347.2%), from €224 to €3,244
- Gross operating margin -€72,168
down €72,168 (-66.4%), from €108,661 to €36,493
- Write-downs -€23,453
no longer reported in 2025 (was €23,453)
- Financial charges +€15,328
up €15,328 (+691.3%), from €2,217 to €17,546
- Taxes -€5,693
down €5,693 (-83.9%), from €6,786 to €1,093
- Depreciation +€3,753
up €3,753 (+19.6%), from €19,130 to €22,883
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 | €169,779 | €171,169 | +€1,389 | +0.8% |
| Fixed assets | 21/28 | €90,652 | €69,387 | -€21,265 | -23.5% |
| Tangible fixed assets | 22/27 | €90,652 | €69,387 | -€21,265 | -23.5% |
| Plant, machinery and equipment | 23 | €8,111 | €5,645 | -€2,466 | -30.4% |
| Furniture and vehicles | 24 | €45,614 | €36,663 | -€8,951 | -19.6% |
| Leasing and similar rights | 25 | €36,926 | €27,079 | -€9,847 | -26.7% |
| Current assets | 29/58 | €79,128 | €101,782 | +€22,654 | +28.6% |
| Stocks and contracts in progress | 3 | €19,576 | €45,652 | +€26,076 | +133.2% |
| Stocks | 30/36 | €19,576 | €45,652 | +€26,076 | +133.2% |
| Amounts receivable within one year | 40/41 | €45,098 | €16,617 | -€28,481 | -63.2% |
| Trade receivables | 40 | €30,561 | €15,072 | -€15,488 | -50.7% |
| Other amounts receivable | 41 | €14,538 | €1,545 | -€12,993 | -89.4% |
| Cash at bank and in hand | 54/58 | €14,453 | €29,255 | +€14,802 | +102.4% |
| Deferred charges and accrued income | 490/1 | - | €10,257 | +€10,257 | |
| Total equity and liabilities | 10/49 | €169,779 | €171,169 | +€1,389 | +0.8% |
| Equity | 10/15 | €108,921 | €105,291 | -€3,630 | -3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,475 | €63,845 | -€3,630 | -5.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,010 | €24,999 | -€5,011 | -16.7% |
| Distributable reserves | 133 | €35,605 | €36,987 | +€1,381 | +3.9% |
| Profit (loss) carried forward | 14 | €22,846 | €22,846 | = | 0.0% |
| Provisions and deferred taxes | 16 | €10,003 | €8,333 | -€1,670 | -16.7% |
| Deferred taxes | 168 | €10,003 | €8,333 | -€1,670 | -16.7% |
| Amounts payable | 17/49 | €50,855 | €57,545 | +€6,689 | +13.2% |
| Amounts payable after more than one year | 17 | €23,006 | €14,989 | -€8,017 | -34.8% |
| Financial debts | 170/4 | €23,006 | €14,989 | -€8,017 | -34.8% |
| Amounts payable within one year | 42/48 | €27,086 | €42,556 | +€15,470 | +57.1% |
| Current portion of amounts payable after more than one year | 42 | €7,642 | €8,017 | +€375 | +4.9% |
| Trade debts | 44 | €15,812 | €24,726 | +€8,914 | +56.4% |
| Suppliers | 440/4 | €15,812 | €24,726 | +€8,914 | +56.4% |
| Taxes, remuneration and social security | 45 | €3,409 | €6,569 | +€3,161 | +92.7% |
| Taxes | 450/3 | €3,409 | €4,504 | +€1,095 | +32.1% |
| Remuneration and social security | 454/9 | - | €2,065 | +€2,065 | |
| Other amounts payable | 47/48 | €224 | €3,244 | +€3,020 | +1347.2% |
| Accrued charges and deferred income | 492/3 | €763 | - | -€763 | |
| Non-recurring operating income | 76A | €46,694 | €14,042 | -€32,652 | -69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,130 | €22,883 | +€3,753 | +19.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,453 | - | -€23,453 | |
| Other operating charges | 640/8 | €815 | €271 | -€544 | -66.8% |
| Gross operating margin | 9900 | €108,661 | €36,493 | -€72,168 | -66.4% |
| Operating profit (loss) | 9901 | €65,264 | €13,339 | -€51,925 | -79.6% |
| Financial income | 75/76B | €40 | - | -€40 | |
| Recurring financial income | 75 | €40 | - | -€40 | |
| Financial charges | 65/66B | €2,217 | €17,546 | +€15,328 | +691.3% |
| Recurring financial charges | 65 | €2,217 | €17,546 | +€15,328 | +691.3% |
| Profit (loss) for the period before taxes | 9903 | €63,086 | -€4,207 | -€67,293 | |
| Transfer from deferred taxes | 780 | €1,670 | €1,670 | = | 0.0% |
| Transfer to deferred taxes | 680 | €11,674 | - | -€11,674 | |
| Income taxes | 67/77 | €6,786 | €1,093 | -€5,693 | -83.9% |
| Profit (loss) for the period | 9904 | €46,297 | -€3,630 | -€49,926 | |
| Transfer from tax-exempt reserves | 789 | €5,011 | €5,011 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €35,021 | - | -€35,021 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,287 | €1,381 | -€14,906 | -91.5% |
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 28 September 2026 via checked.be.