NIGEC: 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.
NIGEC
Largest movements
- Tangible fixed assets -€7,015
down €7,015 (-33.9%), from €20,685 to €13,670
of which Furniture and vehicles: -€4,215
- Cash +€2,537
up €2,537 (+7.4%), from €34,308 to €36,845
mainly Net result for the year (+€16,742) and Depreciation (+€7,015)
- Other debts -€20,000
no longer reported in 2024 (was €20,000)
- Profit (loss) carried forward +€16,742
up €16,742 (+58.3%), from €28,693 to €45,435
- Current portion of long-term debt -€4,050
no longer reported in 2024 (was €4,050)
- Trade debts +€1,980
up €1,980 (+22.0%), from €9,000 to €10,980
- Gross operating margin -€3,683
down €3,683 (-10.0%), from €36,962 to €33,280
- Other operating charges -€3,579
down €3,579 (-77.4%), from €4,625 to €1,045
- Financial income +€1,884
up €1,884 (+6371.5%), from €30 to €1,914
- Depreciation +€954
up €954 (+15.7%), from €6,062 to €7,015
- Financial charges +€641
up €641 (+27.3%), from €2,346 to €2,988
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,979 | €87,224 | -€4,755 | -5.2% |
| Fixed assets | 21/28 | €20,685 | €13,670 | -€7,015 | -33.9% |
| Tangible fixed assets | 22/27 | €20,685 | €13,670 | -€7,015 | -33.9% |
| Furniture and vehicles | 24 | €8,442 | €4,226 | -€4,215 | -49.9% |
| Leasing and similar rights | 25 | €12,243 | €9,443 | -€2,800 | -22.9% |
| Current assets | 29/58 | €71,294 | €73,554 | +€2,260 | +3.2% |
| Amounts receivable within one year | 40/41 | €36,987 | €36,387 | -€600 | -1.6% |
| Trade receivables | 40 | €9,865 | €13,321 | +€3,456 | +35.0% |
| Other amounts receivable | 41 | €27,122 | €23,066 | -€4,056 | -15.0% |
| Cash at bank and in hand | 54/58 | €34,308 | €36,845 | +€2,537 | +7.4% |
| Deferred charges and accrued income | 490/1 | - | €322 | +€322 | |
| Total equity and liabilities | 10/49 | €91,979 | €87,224 | -€4,755 | -5.2% |
| Equity | 10/15 | €49,153 | €65,895 | +€16,742 | +34.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,693 | €45,435 | +€16,742 | +58.3% |
| Amounts payable | 17/49 | €42,826 | €21,329 | -€21,498 | -50.2% |
| Amounts payable within one year | 42/48 | €42,826 | €21,329 | -€21,498 | -50.2% |
| Current portion of amounts payable after more than one year | 42 | €4,050 | - | -€4,050 | |
| Trade debts | 44 | €9,000 | €10,980 | +€1,980 | +22.0% |
| Suppliers | 440/4 | €9,000 | €10,980 | +€1,980 | +22.0% |
| Taxes, remuneration and social security | 45 | €9,776 | €10,349 | +€573 | +5.9% |
| Taxes | 450/3 | €9,776 | €10,349 | +€573 | +5.9% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,062 | €7,015 | +€954 | +15.7% |
| Other operating charges | 640/8 | €4,625 | €1,045 | -€3,579 | -77.4% |
| Non-recurring operating charges | 66A | €58 | €63 | +€5 | +8.8% |
| Gross operating margin | 9900 | €36,962 | €33,280 | -€3,683 | -10.0% |
| Operating profit (loss) | 9901 | €26,218 | €25,156 | -€1,062 | -4.1% |
| Financial income | 75/76B | €30 | €1,914 | +€1,884 | +6371.5% |
| Recurring financial income | 75 | €30 | €1,914 | +€1,884 | +6371.5% |
| Financial charges | 65/66B | €2,346 | €2,988 | +€641 | +27.3% |
| Recurring financial charges | 65 | €2,346 | €2,988 | +€641 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €23,901 | €24,082 | +€181 | +0.8% |
| Income taxes | 67/77 | €6,785 | €7,340 | +€555 | +8.2% |
| Profit (loss) for the period | 9904 | €17,116 | €16,742 | -€374 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,116 | €16,742 | -€374 | -2.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.