NIHAM: 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.
NIHAM
Largest movements
- Receivables within one year +€185,371
up €185,371 (+114.1%), from €162,424 to €347,795
of which Other amounts receivable: +€230,816
- Cash -€11,493
down €11,493 (-27.2%), from €42,249 to €30,756
mainly Receivables within one year (-€185,371) and Tax, wage and social debts (-€21,218)
- Reserves +€93,213
up €93,213 (+19.0%), from €491,348 to €584,561
- Other debts +€76,237
up €76,237 (+19.9%), from €383,973 to €460,211
- Tax, wage and social debts -€21,218
down €21,218 (-44.6%), from €47,543 to €26,325
of which Taxes: -€21,218
- Trade debts +€16,818
up €16,818 (+154.7%), from €10,868 to €27,685
- Gross operating margin -€48,460
down €48,460 (-24.5%), from €197,552 to €149,093
- Taxes -€16,564
down €16,564 (-39.2%), from €42,295 to €25,731
- Financial charges +€8,856
up €8,856 (+43.4%), from €20,414 to €29,270
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €958,952 | €1,132,830 | +€173,878 | +18.1% |
| Fixed assets | 21/28 | €754,279 | €754,279 | = | 0.0% |
| Financial fixed assets | 28 | €754,279 | €754,279 | = | 0.0% |
| Current assets | 29/58 | €204,673 | €378,552 | +€173,878 | +85.0% |
| Amounts receivable within one year | 40/41 | €162,424 | €347,795 | +€185,371 | +114.1% |
| Trade receivables | 40 | €151,745 | €106,300 | -€45,445 | -29.9% |
| Other amounts receivable | 41 | €10,679 | €241,495 | +€230,816 | +2161.3% |
| Cash at bank and in hand | 54/58 | €42,249 | €30,756 | -€11,493 | -27.2% |
| Total equity and liabilities | 10/49 | €958,952 | €1,132,830 | +€173,878 | +18.1% |
| Equity | 10/15 | €496,348 | €589,561 | +€93,213 | +18.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €491,348 | €584,561 | +€93,213 | +19.0% |
| Distributable reserves | 133 | €491,348 | €584,561 | +€93,213 | +19.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €462,604 | €543,270 | +€80,665 | +17.4% |
| Amounts payable within one year | 42/48 | €442,384 | €514,221 | +€71,836 | +16.2% |
| Trade debts | 44 | €10,868 | €27,685 | +€16,818 | +154.7% |
| Suppliers | 440/4 | €10,868 | €27,685 | +€16,818 | +154.7% |
| Taxes, remuneration and social security | 45 | €47,543 | €26,325 | -€21,218 | -44.6% |
| Taxes | 450/3 | €45,626 | €24,408 | -€21,218 | -46.5% |
| Remuneration and social security | 454/9 | €1,917 | €1,917 | = | 0.0% |
| Other amounts payable | 47/48 | €383,973 | €460,211 | +€76,237 | +19.9% |
| Accrued charges and deferred income | 492/3 | €20,220 | €29,049 | +€8,829 | +43.7% |
| Other operating charges | 640/8 | €650 | €879 | +€230 | +35.3% |
| Gross operating margin | 9900 | €197,552 | €149,093 | -€48,460 | -24.5% |
| Operating profit (loss) | 9901 | €196,903 | €148,214 | -€48,689 | -24.7% |
| Financial income | 75/76B | €90 | €0 | -€90 | -100.0% |
| Recurring financial income | 75 | €90 | €0 | -€90 | -100.0% |
| Financial charges | 65/66B | €20,414 | €29,270 | +€8,856 | +43.4% |
| Recurring financial charges | 65 | €20,414 | €29,270 | +€8,856 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €176,579 | €118,944 | -€57,635 | -32.6% |
| Income taxes | 67/77 | €42,295 | €25,731 | -€16,564 | -39.2% |
| Profit (loss) for the period | 9904 | €134,284 | €93,213 | -€41,071 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €134,284 | €93,213 | -€41,071 | -30.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.