NIGUAL GROUP: 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.
NIGUAL GROUP
Largest movements
- Receivables within one year +€24,114
up €24,114 (+18.2%), from €132,478 to €156,592
of which Other amounts receivable: +€39,436
- Tangible fixed assets -€11,696
down €11,696 (-25.2%), from €46,342 to €34,646
of which Furniture and vehicles: -€10,147
- Stocks and contracts +€5,800
new in 2025: €5,800
- Cash -€2,773
down €2,773 (-9.2%), from €30,160 to €27,387
- Profit (loss) carried forward +€20,927
up €20,927 (+19.0%), from €110,433 to €131,360
- Tax, wage and social debts -€19,039
down €19,039 (-61.0%), from €31,189 to €12,151
of which Taxes: -€19,587
- Debts after one year +€14,892
new in 2025: €14,892
- Trade debts -€8,621
down €8,621 (-44.1%), from €19,563 to €10,942
- Current portion of long-term debt +€7,285
new in 2025: €7,285
- Gross operating margin -€65,852
down €65,852 (-69.0%), from €95,417 to €29,565
- Taxes -€18,637
down €18,637 (-87.2%), from €21,382 to €2,745
- Financial income +€2,060
up €2,060 (+327%), from €630 to €2,691
- Financial charges +€1,991
up €1,991 (+3,686%), from €54 to €2,045
- Other operating charges +€1,633
new in 2025: €1,633
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,980 | €224,424 | +€15,444 | +7.4% |
| Fixed assets | 21/28 | €46,342 | €34,646 | -€11,696 | -25.2% |
| Tangible fixed assets | 22/27 | €46,342 | €34,646 | -€11,696 | -25.2% |
| Plant, machinery and equipment | 23 | €2,833 | €1,284 | -€1,549 | -54.7% |
| Furniture and vehicles | 24 | €43,509 | €33,362 | -€10,147 | -23.3% |
| Current assets | 29/58 | €162,638 | €189,778 | +€27,140 | +16.7% |
| Stocks and contracts in progress | 3 | - | €5,800 | +€5,800 | |
| Stocks | 30/36 | - | €5,800 | +€5,800 | |
| Amounts receivable within one year | 40/41 | €132,478 | €156,592 | +€24,114 | +18.2% |
| Trade receivables | 40 | €114,887 | €99,565 | -€15,322 | -13.3% |
| Other amounts receivable | 41 | €17,591 | €57,027 | +€39,436 | +224% |
| Cash at bank and in hand | 54/58 | €30,160 | €27,387 | -€2,773 | -9.2% |
| Total equity and liabilities | 10/49 | €208,980 | €224,424 | +€15,444 | +7.4% |
| Equity | 10/15 | €137,493 | €158,420 | +€20,927 | +15.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,860 | €20,860 | = | 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 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,433 | €131,360 | +€20,927 | +19.0% |
| Amounts payable | 17/49 | €71,487 | €66,004 | -€5,483 | -7.7% |
| Amounts payable after more than one year | 17 | - | €14,892 | +€14,892 | |
| Financial debts | 170/4 | - | €14,892 | +€14,892 | |
| Amounts payable within one year | 42/48 | €71,487 | €51,112 | -€20,375 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,285 | +€7,285 | |
| Trade debts | 44 | €19,563 | €10,942 | -€8,621 | -44.1% |
| Suppliers | 440/4 | €19,563 | €10,942 | -€8,621 | -44.1% |
| Advances received on contracts in progress | 46 | €20,735 | €20,735 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €31,189 | €12,151 | -€19,039 | -61.0% |
| Taxes | 450/3 | €29,738 | €10,151 | -€19,587 | -65.9% |
| Remuneration and social security | 454/9 | €1,451 | €2,000 | +€549 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,972 | €20,120 | -€852 | -4.1% |
| Other operating charges | 640/8 | - | €1,633 | +€1,633 | |
| Gross operating margin | 9900 | €95,417 | €29,565 | -€65,852 | -69.0% |
| Operating profit (loss) | 9901 | €74,445 | €7,812 | -€66,633 | -89.5% |
| Financial income | 75/76B | €630 | €2,691 | +€2,060 | +327% |
| Recurring financial income | 75 | €630 | €2,691 | +€2,060 | +327% |
| Financial charges | 65/66B | €54 | €2,045 | +€1,991 | +3,686% |
| Recurring financial charges | 65 | €54 | €2,045 | +€1,991 | +3,686% |
| Profit (loss) for the period before taxes | 9903 | €75,022 | €8,458 | -€66,564 | -88.7% |
| Income taxes | 67/77 | €21,382 | €2,745 | -€18,637 | -87.2% |
| Profit (loss) for the period | 9904 | €53,640 | €5,713 | -€47,927 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,640 | €5,713 | -€47,927 | -89.3% |
Source: filed annual accounts (NBB), financial years ended 31 May 2023 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.