NIFRE: 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.
NIFRE
Largest movements
- Cash -€19,072
down €19,072 (-82.2%), from €23,209 to €4,137
mainly Net result for the year (-€20,469) and Tax, wage and social debts (-€885)
- Receivables within one year -€2,000
down €2,000 (-55.8%), from €3,585 to €1,585
of which Trade receivables: -€3,271
- Tangible fixed assets -€679
down €679 (-36.3%), from €1,867 to €1,189
of which Plant, machinery and equipment: -€633
- Deferred charges and accrued income +€320
up €320 (+77.2%), from €414 to €734
- Profit (loss) carried forward -€20,469
down €20,469 (-3,420%), from -€599 to -€21,068
- Tax, wage and social debts -€885
down €885 (-20.3%), from €4,352 to €3,467
of which Remuneration and social security: -€558
- Gross operating margin -€21,204
down €21,204, from €11,413 to -€9,791
- Staff costs -€1,311
down €1,311 (-13.4%), from €9,755 to €8,443
- Other operating charges +€118
up €118 (+9.7%), from €1,214 to €1,332
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 | €29,075 | €7,644 | -€21,431 | -73.7% |
| Fixed assets | 21/28 | €1,867 | €1,189 | -€679 | -36.3% |
| Tangible fixed assets | 22/27 | €1,867 | €1,189 | -€679 | -36.3% |
| Plant, machinery and equipment | 23 | €1,683 | €1,051 | -€633 | -37.6% |
| Furniture and vehicles | 24 | €184 | €138 | -€46 | -25.0% |
| Current assets | 29/58 | €27,208 | €6,456 | -€20,752 | -76.3% |
| Amounts receivable within one year | 40/41 | €3,585 | €1,585 | -€2,000 | -55.8% |
| Trade receivables | 40 | €3,585 | €314 | -€3,271 | -91.2% |
| Other amounts receivable | 41 | - | €1,271 | +€1,271 | |
| Cash at bank and in hand | 54/58 | €23,209 | €4,137 | -€19,072 | -82.2% |
| Deferred charges and accrued income | 490/1 | €414 | €734 | +€320 | +77.2% |
| Total equity and liabilities | 10/49 | €29,075 | €7,644 | -€21,431 | -73.7% |
| Equity | 10/15 | €22,143 | €1,674 | -€20,469 | -92.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,542 | €16,542 | = | 0.0% |
| Distributable reserves | 133 | €16,542 | €16,542 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€599 | -€21,068 | -€20,469 | -3,420% |
| Amounts payable | 17/49 | €6,932 | €5,971 | -€961 | -13.9% |
| Amounts payable within one year | 42/48 | €6,932 | €5,971 | -€961 | -13.9% |
| Trade debts | 44 | €2,548 | €2,504 | -€44 | -1.7% |
| Suppliers | 440/4 | €2,548 | €2,504 | -€44 | -1.7% |
| Taxes, remuneration and social security | 45 | €4,352 | €3,467 | -€885 | -20.3% |
| Taxes | 450/3 | €1,401 | €1,075 | -€327 | -23.3% |
| Remuneration and social security | 454/9 | €2,950 | €2,392 | -€558 | -18.9% |
| Other amounts payable | 47/48 | €33 | - | -€33 | |
| Remuneration, social security and pensions | 62 | €9,755 | €8,443 | -€1,311 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €679 | €679 | = | 0.0% |
| Other operating charges | 640/8 | €1,214 | €1,332 | +€118 | +9.7% |
| Gross operating margin | 9900 | €11,413 | -€9,791 | -€21,204 | |
| Operating profit (loss) | 9901 | -€234 | -€20,244 | -€20,011 | -8,565% |
| Financial income | 75/76B | €0 | €34 | +€34 | +14,246% |
| Recurring financial income | 75 | €0 | €34 | +€34 | +14,246% |
| Financial charges | 65/66B | €365 | €260 | -€106 | -28.9% |
| Recurring financial charges | 65 | €365 | €260 | -€106 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | -€599 | -€20,469 | -€19,871 | -3,320% |
| Profit (loss) for the period | 9904 | -€599 | -€20,469 | -€19,871 | -3,320% |
| Profit (loss) for the period to be appropriated | 9905 | -€599 | -€20,469 | -€19,871 | -3,320% |
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 15 October 2026 via checked.be.