NIHAL: 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.
NIHAL
Largest movements
- Tangible fixed assets +€21,003
up €21,003 (+2721.3%), from €772 to €21,775
of which Plant, machinery and equipment: +€19,634
- Cash +€10,390
up €10,390 (+170.3%), from €6,102 to €16,492
mainly Trade debts (+€10,398) and Receivables within one year (+€9,703)
- Receivables within one year -€9,703
down €9,703 (-13.5%), from €71,747 to €62,044
of which Trade receivables: -€6,203
- Stocks and contracts -€2,848
down €2,848 (-33.0%), from €8,623 to €5,775
- Trade debts +€10,398
up €10,398 (+457.6%), from €2,272 to €12,670
- Profit (loss) carried forward +€8,209
up €8,209 (+11.9%), from €68,810 to €77,019
- Staff costs -€12,813
down €12,813 (-65.7%), from €19,509 to €6,696
- Gross operating margin -€10,248
down €10,248 (-34.8%), from €29,483 to €19,235
- Other operating charges -€445
down €445 (-20.4%), from €2,180 to €1,734
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 | €87,459 | €106,300 | +€18,841 | +21.5% |
| Fixed assets | 21/28 | €987 | €21,990 | +€21,003 | +2127.9% |
| Tangible fixed assets | 22/27 | €772 | €21,775 | +€21,003 | +2721.3% |
| Plant, machinery and equipment | 23 | €772 | €20,406 | +€19,634 | +2544.0% |
| Furniture and vehicles | 24 | - | €1,369 | +€1,369 | |
| Financial fixed assets | 28 | €215 | €215 | = | 0.0% |
| Current assets | 29/58 | €86,472 | €84,311 | -€2,162 | -2.5% |
| Stocks and contracts in progress | 3 | €8,623 | €5,775 | -€2,848 | -33.0% |
| Stocks | 30/36 | €8,623 | €5,775 | -€2,848 | -33.0% |
| Amounts receivable within one year | 40/41 | €71,747 | €62,044 | -€9,703 | -13.5% |
| Trade receivables | 40 | €16,010 | €9,807 | -€6,203 | -38.7% |
| Other amounts receivable | 41 | €55,737 | €52,237 | -€3,501 | -6.3% |
| Cash at bank and in hand | 54/58 | €6,102 | €16,492 | +€10,390 | +170.3% |
| Total equity and liabilities | 10/49 | €87,459 | €106,300 | +€18,841 | +21.5% |
| Equity | 10/15 | €76,870 | €85,079 | +€8,209 | +10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €68,810 | €77,019 | +€8,209 | +11.9% |
| Amounts payable | 17/49 | €10,590 | €21,222 | +€10,632 | +100.4% |
| Amounts payable within one year | 42/48 | €10,590 | €21,222 | +€10,632 | +100.4% |
| Trade debts | 44 | €2,272 | €12,670 | +€10,398 | +457.6% |
| Suppliers | 440/4 | €2,272 | €12,670 | +€10,398 | +457.6% |
| Taxes, remuneration and social security | 45 | €8,317 | €8,551 | +€234 | +2.8% |
| Taxes | 450/3 | €1,917 | €4,706 | +€2,789 | +145.5% |
| Remuneration and social security | 454/9 | €6,400 | €3,846 | -€2,554 | -39.9% |
| Remuneration, social security and pensions | 62 | €19,509 | €6,696 | -€12,813 | -65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €497 | +€197 | +65.7% |
| Other operating charges | 640/8 | €2,180 | €1,734 | -€445 | -20.4% |
| Gross operating margin | 9900 | €29,483 | €19,235 | -€10,248 | -34.8% |
| Operating profit (loss) | 9901 | €7,495 | €10,308 | +€2,813 | +37.5% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €77 | €44 | -€33 | -43.2% |
| Recurring financial charges | 65 | €77 | €44 | -€33 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €7,418 | €10,269 | +€2,851 | +38.4% |
| Income taxes | 67/77 | €1,882 | €2,060 | +€178 | +9.5% |
| Profit (loss) for the period | 9904 | €5,536 | €8,209 | +€2,673 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,536 | €8,209 | +€2,673 | +48.3% |
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 29 September 2026 via checked.be.