NIJS: 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.
NIJS
Largest movements
- Receivables within one year -€8,459
no longer reported in 2025 (was €8,459)
- Tangible fixed assets +€7,526
up €7,526 (+1.3%), from €564,706 to €572,232
of which Land and buildings: +€30,601
- Debts after one year +€240,000
new in 2025: €240,000
- Other debts -€208,451
down €208,451 (-97.7%), from €213,330 to €4,879
- Reserves -€28,554
down €28,554 (-8.6%), from €331,462 to €302,908
of which Distributable reserves: -€24,897
- Financial charges -€44,064
down €44,064 (-99.7%), from €44,214 to €150
of which Non-recurring financial charges: -€43,848
- Other operating charges -€2,291
down €2,291 (-51.7%), from €4,428 to €2,136
- Gross operating margin -€1,541
down €1,541 (-29.3%), from €5,257 to €3,716
- Depreciation -€117
down €117 (-0.4%), from €31,322 to €31,204
- Taxes -€72
down €72, from €70 to -€2
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 | €573,672 | €572,232 | -€1,440 | -0.3% |
| Fixed assets | 21/28 | €564,706 | €572,232 | +€7,526 | +1.3% |
| Tangible fixed assets | 22/27 | €564,706 | €572,232 | +€7,526 | +1.3% |
| Land and buildings | 22 | €179,108 | €209,709 | +€30,601 | +17.1% |
| Plant, machinery and equipment | 23 | €10,797 | €7,608 | -€3,188 | -29.5% |
| Furniture and vehicles | 24 | €8,339 | €6,202 | -€2,137 | -25.6% |
| Other tangible fixed assets | 26 | €366,462 | €348,713 | -€17,749 | -4.8% |
| Current assets | 29/58 | €8,966 | - | -€8,966 | |
| Amounts receivable within one year | 40/41 | €8,459 | - | -€8,459 | |
| Trade receivables | 40 | €8,459 | - | -€8,459 | |
| Cash at bank and in hand | 54/58 | €508 | - | -€508 | |
| Total equity and liabilities | 10/49 | €573,672 | €572,232 | -€1,440 | -0.3% |
| Equity | 10/15 | €335,181 | €306,627 | -€28,554 | -8.5% |
| Contributions | 10/11 | €3,718 | €3,718 | = | 0.0% |
| Reserves | 13 | €331,462 | €302,908 | -€28,554 | -8.6% |
| Tax-exempt reserves | 132 | €65,585 | €61,928 | -€3,657 | -5.6% |
| Distributable reserves | 133 | €265,877 | €240,981 | -€24,897 | -9.4% |
| Provisions and deferred taxes | 16 | €21,728 | €20,509 | -€1,219 | -5.6% |
| Deferred taxes | 168 | €21,728 | €20,509 | -€1,219 | -5.6% |
| Amounts payable | 17/49 | €216,764 | €245,097 | +€28,333 | +13.1% |
| Amounts payable after more than one year | 17 | - | €240,000 | +€240,000 | |
| Financial debts | 170/4 | - | €240,000 | +€240,000 | |
| Amounts payable within one year | 42/48 | €216,764 | €5,097 | -€211,667 | -97.6% |
| Financial debts | 43 | - | €150 | +€150 | |
| Credit institutions | 430/8 | - | €150 | +€150 | |
| Trade debts | 44 | €765 | €68 | -€697 | -91.1% |
| Suppliers | 440/4 | €765 | €68 | -€697 | -91.1% |
| Taxes, remuneration and social security | 45 | €2,669 | - | -€2,669 | |
| Taxes | 450/3 | €2,669 | - | -€2,669 | |
| Other amounts payable | 47/48 | €213,330 | €4,879 | -€208,451 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,322 | €31,204 | -€117 | -0.4% |
| Other operating charges | 640/8 | €4,428 | €2,136 | -€2,291 | -51.7% |
| Gross operating margin | 9900 | €5,257 | €3,716 | -€1,541 | -29.3% |
| Operating profit (loss) | 9901 | -€30,493 | -€29,625 | +€868 | +2.8% |
| Financial charges | 65/66B | €44,214 | €150 | -€44,064 | -99.7% |
| Recurring financial charges | 65 | €366 | €150 | -€216 | -58.9% |
| Non-recurring financial charges | 66B | €43,848 | - | -€43,848 | |
| Profit (loss) for the period before taxes | 9903 | -€74,707 | -€29,775 | +€44,932 | +60.1% |
| Transfer from deferred taxes | 780 | €1,219 | €1,219 | = | 0.0% |
| Income taxes | 67/77 | €70 | -€2 | -€72 | |
| Profit (loss) for the period | 9904 | -€73,558 | -€28,554 | +€45,004 | +61.2% |
| Transfer from tax-exempt reserves | 789 | €3,657 | €3,657 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,900 | -€24,897 | +€45,004 | +64.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.