NIHAO: 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.
NIHAO
Largest movements
- Cash +€50,561
up €50,561 (+41.2%), from €122,822 to €173,383
mainly Net result for the year (+€138,935) and Trade debts (+€88,169)
- Deferred charges and accrued income +€26,849
up €26,849 (+108%), from €24,840 to €51,690
- Stocks and contracts +€13,045
up €13,045 (+451%), from €2,895 to €15,940
- Tangible fixed assets -€11,599
down €11,599 (-9.8%), from €117,921 to €106,322
of which Furniture and vehicles: -€10,787
- Receivables within one year -€8,209
down €8,209 (-13.3%), from €61,938 to €53,728
of which Other amounts receivable: -€10,116
- Trade debts +€88,169
up €88,169 (+225%), from €39,203 to €127,372
- Other debts -€35,398
down €35,398 (-22.2%), from €159,502 to €124,103
- Reserves +€15,480
up €15,480 (+6.5%), from €237,451 to €252,931
of which Distributable reserves: +€16,672
- Gross operating margin +€31,715
up €31,715 (+7.7%), from €409,276 to €440,992
- Taxes +€13,200
up €13,200 (+416%), from €3,175 to €16,375
- Staff costs +€11,954
up €11,954 (+5.1%), from €234,402 to €246,356
- Other operating charges -€6,805
down €6,805 (-62.3%), from €10,921 to €4,116
- Depreciation +€6,434
up €6,434 (+25.3%), from €25,475 to €31,908
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.
Derived cash bridge
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 | €474,801 | €544,947 | +€70,146 | +14.8% |
| Fixed assets | 21/28 | €122,306 | €110,207 | -€12,099 | -9.9% |
| Intangible fixed assets | 21 | €1,000 | €500 | -€500 | -50.0% |
| Tangible fixed assets | 22/27 | €117,921 | €106,322 | -€11,599 | -9.8% |
| Land and buildings | 22 | €13,514 | €10,991 | -€2,523 | -18.7% |
| Plant, machinery and equipment | 23 | €48,387 | €52,827 | +€4,440 | +9.2% |
| Furniture and vehicles | 24 | €30,726 | €19,939 | -€10,787 | -35.1% |
| Other tangible fixed assets | 26 | €25,294 | €22,566 | -€2,729 | -10.8% |
| Financial fixed assets | 28 | €3,385 | €3,385 | = | 0.0% |
| Current assets | 29/58 | €352,495 | €434,741 | +€82,245 | +23.3% |
| Amounts receivable after more than one year | 29 | €140,000 | €140,000 | = | 0.0% |
| Other amounts receivable | 291 | €140,000 | €140,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,895 | €15,940 | +€13,045 | +451% |
| Stocks | 30/36 | €2,895 | €15,940 | +€13,045 | +451% |
| Amounts receivable within one year | 40/41 | €61,938 | €53,728 | -€8,209 | -13.3% |
| Trade receivables | 40 | €9,172 | €11,079 | +€1,907 | +20.8% |
| Other amounts receivable | 41 | €52,766 | €42,649 | -€10,116 | -19.2% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €122,822 | €173,383 | +€50,561 | +41.2% |
| Deferred charges and accrued income | 490/1 | €24,840 | €51,690 | +€26,849 | +108% |
| Total equity and liabilities | 10/49 | €474,801 | €544,947 | +€70,146 | +14.8% |
| Equity | 10/15 | €240,196 | €259,131 | +€18,935 | +7.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €237,451 | €252,931 | +€15,480 | +6.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,107 | €34,915 | -€1,192 | -3.3% |
| Distributable reserves | 133 | €199,484 | €216,156 | +€16,672 | +8.4% |
| Profit (loss) carried forward | 14 | -€3,455 | - | +€3,455 | |
| Provisions and deferred taxes | 16 | €3,428 | €3,030 | -€397 | -11.6% |
| Deferred taxes | 168 | €3,428 | €3,030 | -€397 | -11.6% |
| Amounts payable | 17/49 | €231,178 | €282,786 | +€51,608 | +22.3% |
| Amounts payable within one year | 42/48 | €230,788 | €282,786 | +€51,998 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €13,339 | €12,426 | -€913 | -6.8% |
| Trade debts | 44 | €39,203 | €127,372 | +€88,169 | +225% |
| Suppliers | 440/4 | €39,203 | €127,372 | +€88,169 | +225% |
| Taxes, remuneration and social security | 45 | €18,743 | €18,885 | +€141 | +0.8% |
| Taxes | 450/3 | €121 | €5,298 | +€5,177 | +4,268% |
| Remuneration and social security | 454/9 | €18,622 | €13,586 | -€5,036 | -27.0% |
| Other amounts payable | 47/48 | €159,502 | €124,103 | -€35,398 | -22.2% |
| Accrued charges and deferred income | 492/3 | €390 | - | -€390 | |
| Remuneration, social security and pensions | 62 | €234,402 | €246,356 | +€11,954 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,475 | €31,908 | +€6,434 | +25.3% |
| Other operating charges | 640/8 | €10,921 | €4,116 | -€6,805 | -62.3% |
| Non-recurring operating charges | 66A | €45,520 | - | -€45,520 | |
| Gross operating margin | 9900 | €409,276 | €440,992 | +€31,715 | +7.7% |
| Operating profit (loss) | 9901 | €92,959 | €158,611 | +€65,652 | +70.6% |
| Financial income | 75/76B | €5 | €5 | +€0 | +3.3% |
| Recurring financial income | 75 | €5 | €5 | +€0 | +3.3% |
| Financial charges | 65/66B | €4,534 | €3,704 | -€830 | -18.3% |
| Recurring financial charges | 65 | €4,534 | €3,704 | -€830 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €88,430 | €154,913 | +€66,483 | +75.2% |
| Transfer from deferred taxes | 780 | €318 | €397 | +€79 | +25.0% |
| Transfer to deferred taxes | 680 | €3,745 | - | -€3,745 | |
| Income taxes | 67/77 | €3,175 | €16,375 | +€13,200 | +416% |
| Profit (loss) for the period | 9904 | €81,827 | €138,935 | +€57,108 | +69.8% |
| Transfer from tax-exempt reserves | 789 | €954 | €1,192 | +€238 | +25.0% |
| Transfer to tax-exempt reserves | 689 | €11,236 | - | -€11,236 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,545 | €140,127 | +€68,582 | +95.9% |
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 14 October 2026 via checked.be.