NIHOUL: 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.
NIHOUL
Largest movements
- Cash -€27,640
down €27,640 (-59.0%), from €46,868 to €19,228
mainly Other debts (-€53,787) and Accrued charges and deferred income (-€13,360)
- Receivables within one year -€15,126
down €15,126 (-28.0%), from €54,056 to €38,930
of which Other amounts receivable: -€11,870
- Tangible fixed assets -€9,932
down €9,932 (-21.6%), from €45,925 to €35,993
of which Land and buildings: -€5,354
- Stocks and contracts +€4,555
up €4,555 (+57.3%), from €7,950 to €12,505
- Deferred charges and accrued income -€3,034
no longer reported in 2025 (was €3,034)
- Other debts -€53,787
down €53,787 (-41.9%), from €128,256 to €74,469
- Accrued charges and deferred income -€13,360
down €13,360 (-100%), from €13,360 to €0
- Profit (loss) carried forward +€13,275
up €13,275 (+18.5%), from -€71,848 to -€58,573
- Short-term financial debts +€4,315
up €4,315 (+28,767%), from €15 to €4,330
of which Other loans: +€4,330
- Debts after one year -€3,169
down €3,169 (-100%), from €3,169 to €0
- Staff costs +€9,090
up €9,090 (+8.5%), from €106,400 to €115,490
- Financial charges -€3,934
down €3,934 (-57.5%), from €6,847 to €2,913
- Gross operating margin +€1,630
up €1,630 (+1.1%), from €149,656 to €151,286
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 | €162,421 | €111,244 | -€51,177 | -31.5% |
| Fixed assets | 21/28 | €50,513 | €40,581 | -€9,932 | -19.7% |
| Intangible fixed assets | 21 | €4,588 | €4,588 | = | 0.0% |
| Tangible fixed assets | 22/27 | €45,925 | €35,993 | -€9,932 | -21.6% |
| Land and buildings | 22 | €10,420 | €5,066 | -€5,354 | -51.4% |
| Plant, machinery and equipment | 23 | €30,227 | €30,927 | +€700 | +2.3% |
| Furniture and vehicles | 24 | €5,278 | €0 | -€5,278 | -100% |
| Current assets | 29/58 | €111,908 | €70,663 | -€41,245 | -36.9% |
| Stocks and contracts in progress | 3 | €7,950 | €12,505 | +€4,555 | +57.3% |
| Stocks | 30/36 | €7,950 | €12,505 | +€4,555 | +57.3% |
| Amounts receivable within one year | 40/41 | €54,056 | €38,930 | -€15,126 | -28.0% |
| Trade receivables | 40 | €42,186 | €38,930 | -€3,256 | -7.7% |
| Other amounts receivable | 41 | €11,870 | - | -€11,870 | |
| Cash at bank and in hand | 54/58 | €46,868 | €19,228 | -€27,640 | -59.0% |
| Deferred charges and accrued income | 490/1 | €3,034 | - | -€3,034 | |
| Total equity and liabilities | 10/49 | €162,421 | €111,244 | -€51,177 | -31.5% |
| Equity | 10/15 | -€30,947 | -€17,672 | +€13,275 | +42.9% |
| Contributions | 10/11 | €27,796 | €27,796 | = | 0.0% |
| Capital | 10 | - | €27,796 | +€27,796 | |
| Issued capital | 100 | - | €27,796 | +€27,796 | |
| Reserves | 13 | €13,105 | €13,105 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,105 | €13,105 | = | 0.0% |
| Legal reserve | 130 | - | €13,105 | +€13,105 | |
| Reserves not available under the articles | 1311 | €13,105 | - | -€13,105 | |
| Profit (loss) carried forward | 14 | -€71,848 | -€58,573 | +€13,275 | +18.5% |
| Amounts payable | 17/49 | €193,368 | €128,916 | -€64,452 | -33.3% |
| Amounts payable after more than one year | 17 | €3,169 | €0 | -€3,169 | -100% |
| Financial debts | 170/4 | €3,169 | €0 | -€3,169 | -100% |
| Amounts payable within one year | 42/48 | €176,839 | €128,916 | -€47,923 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €6,011 | €6,011 | = | 0.0% |
| Financial debts | 43 | €15 | €4,330 | +€4,315 | +28,767% |
| Credit institutions | 430/8 | €15 | - | -€15 | |
| Other loans | 439 | - | €4,330 | +€4,330 | |
| Trade debts | 44 | €42,557 | €44,106 | +€1,549 | +3.6% |
| Suppliers | 440/4 | €42,557 | €44,106 | +€1,549 | +3.6% |
| Other amounts payable | 47/48 | €128,256 | €74,469 | -€53,787 | -41.9% |
| Accrued charges and deferred income | 492/3 | €13,360 | €0 | -€13,360 | -100% |
| Remuneration, social security and pensions | 62 | €106,400 | €115,490 | +€9,090 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,169 | €18,338 | +€169 | +0.9% |
| Other operating charges | 640/8 | €867 | €1,289 | +€422 | +48.7% |
| Gross operating margin | 9900 | €149,656 | €151,286 | +€1,630 | +1.1% |
| Operating profit (loss) | 9901 | €24,220 | €16,169 | -€8,051 | -33.2% |
| Financial income | 75/76B | €0 | €19 | +€19 | |
| Recurring financial income | 75 | €0 | €19 | +€19 | |
| Financial charges | 65/66B | €6,847 | €2,913 | -€3,934 | -57.5% |
| Recurring financial charges | 65 | €6,847 | €2,913 | -€3,934 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €17,373 | €13,275 | -€4,098 | -23.6% |
| Profit (loss) for the period | 9904 | €17,373 | €13,275 | -€4,098 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,373 | €13,275 | -€4,098 | -23.6% |
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 18 October 2026 via checked.be.