NIGEN: 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.
What changed
NIGEN
NACE 78.100, Employment placement agencies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €221,999+€1.2m
Equity
€38.7m
2024 · €37.3m+€1.4m
Cash
€4.3m
2024 · €5.9m-€1.6m
Balance sheet total
€50.1m
2024 · €49.4m+€684,464
Largest movements
Assets
- Tangible fixed assets +€2.0m
up €2.0m (+20.6%), from €9.8m to €11.9m
of which Land and buildings: +€2.0m
- Cash -€1.6m
down €1.6m (-27.3%), from €5.9m to €4.3m
mainly Investment in fixed assets (net) (-€2.2m) and Current investments (-€841,768)
- Current investments +€841,768
up €841,768 (+4.6%), from €18.2m to €19.1m
Equity and liabilities
- Profit (loss) carried forward +€1.1m
up €1.1m (+5.1%), from €21.3m to €22.4m
- Accrued charges and deferred income -€621,621
down €621,621 (-34.0%), from €1.8m to €1.2m
Income statement
- Gross operating margin +€1.2m
up €1.2m (+149.8%), from €776,899 to €1.9m
- Financial income +€384,058
up €384,058 (+34.9%), from €1.1m to €1.5m
- Financial charges +€201,633
up €201,633 (+31.1%), from €647,302 to €848,936
- Depreciation +€158,052
up €158,052 (+39.9%), from €396,226 to €554,278
- Other operating charges +€108,503
up €108,503 (+93.5%), from €116,106 to €224,609
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.
Result 2024
€221,999
Gross operating margin
+€1.2m
Staff costs
-€5,426
Depreciation
-€158,052
Other operating charges
-€108,503
Other operating items
+€348,429
Financial income
+€384,058
Financial charges
-€201,633
Taxes
-€76,763
Deferred taxes and other
-€129,481
Result 2025
€1.4m
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.
From operations
+€1.5m
Investment
-€3.0m
Financing
-€128,132
Cash 2024
€5.9m
From operations (derived)
+€1.5m
Net result for the year
+€1.4m
Depreciation
+€554,278
Receivables after one year
-€15,000
Receivables within one year
+€179,051
Deferred charges and accrued income
+€9,281
Provisions
+€111,636
Trade debts
-€175,222
Tax, wage and social debts
-€26,697
Other debts
+€86,238
Accrued charges and deferred income
-€621,621
Investment (derived)
-€3.0m
Investment in fixed assets (net)
-€2.2m
Current investments
-€841,768
Financing
-€128,132
Debts after one year
-€306,529
Current portion of long-term debt
+€178,397
Cash 2025
€4.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,378,987 | €50,063,451 | +€684,464 | +1.4% |
| Fixed assets | 21/28 | €22,716,023 | €24,352,021 | +€1.6m | +7.2% |
| Tangible fixed assets | 22/27 | €9,829,168 | €11,858,166 | +€2.0m | +20.6% |
| Land and buildings | 22 | €9,753,509 | €11,802,971 | +€2.0m | +21.0% |
| Plant, machinery and equipment | 23 | €17,363 | €30,697 | +€13,333 | +76.8% |
| Furniture and vehicles | 24 | €58,296 | €24,499 | -€33,797 | -58.0% |
| Financial fixed assets | 28 | €12,886,855 | €12,493,855 | -€393,000 | -3.0% |
| Current assets | 29/58 | €26,662,964 | €25,711,430 | -€951,534 | -3.6% |
| Amounts receivable after more than one year | 29 | €775,000 | €790,000 | +€15,000 | +1.9% |
| Other amounts receivable | 291 | €775,000 | €790,000 | +€15,000 | +1.9% |
| Amounts receivable within one year | 40/41 | €1,684,075 | €1,505,024 | -€179,051 | -10.6% |
| Trade receivables | 40 | €33,395 | €79,354 | +€45,958 | +137.6% |
| Other amounts receivable | 41 | €1,650,679 | €1,425,670 | -€225,009 | -13.6% |
| Current investments | 50/53 | €18,247,770 | €19,089,538 | +€841,768 | +4.6% |
| Cash at bank and in hand | 54/58 | €5,943,533 | €4,323,562 | -€1.6m | -27.3% |
| Deferred charges and accrued income | 490/1 | €12,586 | €3,305 | -€9,281 | -73.7% |
| Total equity and liabilities | 10/49 | €49,378,987 | €50,063,451 | +€684,464 | +1.4% |
| Equity | 10/15 | €37,278,627 | €38,716,888 | +€1.4m | +3.9% |
| Contributions | 10/11 | €11,406,208 | €11,406,208 | = | 0.0% |
| Capital | 10 | €11,406,208 | €11,406,208 | = | 0.0% |
| Issued capital | 100 | €11,406,208 | €11,406,208 | = | 0.0% |
| Reserves | 13 | €4,538,978 | €4,892,765 | +€353,787 | +7.8% |
| Non-distributable reserves | 130/1 | €1,566,053 | €1,566,053 | = | 0.0% |
| Legal reserve | 130 | €1,566,053 | €1,566,053 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,482,630 | €1,836,418 | +€353,787 | +23.9% |
| Distributable reserves | 133 | €1,490,295 | €1,490,295 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,333,441 | €22,417,915 | +€1.1m | +5.1% |
| Provisions and deferred taxes | 16 | €532,324 | €643,960 | +€111,636 | +21.0% |
| Deferred taxes | 168 | €532,324 | €643,960 | +€111,636 | +21.0% |
| Amounts payable | 17/49 | €11,568,037 | €10,702,603 | -€865,434 | -7.5% |
| Amounts payable after more than one year | 17 | €8,980,099 | €8,673,571 | -€306,529 | -3.4% |
| Financial debts | 170/4 | €8,980,099 | €8,673,571 | -€306,529 | -3.4% |
| Amounts payable within one year | 42/48 | €756,969 | €819,684 | +€62,715 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €128,132 | €306,529 | +€178,397 | +139.2% |
| Trade debts | 44 | €357,386 | €182,164 | -€175,222 | -49.0% |
| Suppliers | 440/4 | €357,386 | €182,164 | -€175,222 | -49.0% |
| Taxes, remuneration and social security | 45 | €188,455 | €161,758 | -€26,697 | -14.2% |
| Taxes | 450/3 | €175,913 | €154,163 | -€21,750 | -12.4% |
| Remuneration and social security | 454/9 | €12,542 | €7,595 | -€4,947 | -39.4% |
| Other amounts payable | 47/48 | €82,995 | €169,233 | +€86,238 | +103.9% |
| Accrued charges and deferred income | 492/3 | €1,830,969 | €1,209,348 | -€621,621 | -34.0% |
| Remuneration, social security and pensions | 62 | €52,008 | €57,434 | +€5,426 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396,226 | €554,278 | +€158,052 | +39.9% |
| Other operating charges | 640/8 | €116,106 | €224,609 | +€108,503 | +93.5% |
| Non-recurring operating charges | 66A | €348,429 | - | -€348,429 | |
| Gross operating margin | 9900 | €776,899 | €1,940,534 | +€1.2m | +149.8% |
| Operating profit (loss) | 9901 | -€135,870 | €1,104,213 | +€1.2m | |
| Financial income | 75/76B | €1,101,904 | €1,485,962 | +€384,058 | +34.9% |
| Recurring financial income | 75 | €1,101,904 | €1,485,962 | +€384,058 | +34.9% |
| Financial charges | 65/66B | €647,302 | €848,936 | +€201,633 | +31.1% |
| Recurring financial charges | 65 | €647,302 | €848,936 | +€201,633 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €318,732 | €1,741,239 | +€1.4m | +446.3% |
| Transfer from deferred taxes | 780 | €17,845 | €38,772 | +€20,927 | +117.3% |
| Transfer to deferred taxes | 680 | - | €150,408 | +€150,408 | |
| Income taxes | 67/77 | €114,578 | €191,341 | +€76,763 | +67.0% |
| Profit (loss) for the period | 9904 | €221,999 | €1,438,262 | +€1.2m | +547.9% |
| Transfer from tax-exempt reserves | 789 | €34,655 | €97,436 | +€62,780 | +181.2% |
| Transfer to tax-exempt reserves | 689 | - | €451,223 | +€451,223 | |
| Profit (loss) for the period to be appropriated | 9905 | €256,654 | €1,084,474 | +€827,820 | +322.5% |
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.