NIJS BERT: 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.
NIJS BERT
Largest movements
- Stocks and contracts +€460,113
up €460,113 (+190%), from €241,672 to €701,785
- Receivables within one year -€307,888
down €307,888 (-99.6%), from €309,166 to €1,278
of which Trade receivables: -€308,015
- Cash -€33,450
down €33,450 (-85.4%), from €39,176 to €5,727
mainly Stocks and contracts (-€460,113) and Accrued charges and deferred income (-€321,690)
- Short-term financial debts +€359,023
up €359,023 (+170%), from €210,977 to €570,000
- Accrued charges and deferred income -€321,690
down €321,690 (-99.7%), from €322,544 to €855
- Other debts +€69,075
up €69,075 (+382%), from €18,077 to €87,152
- Profit (loss) carried forward +€7,527
up €7,527 (+28.3%), from -€26,580 to -€19,052
- Gross operating margin +€18,142
up €18,142, from -€6,861 to €11,281
- Financial charges -€8,110
down €8,110 (-91.1%), from €8,903 to €793
- Other operating charges -€727
down €727 (-45.8%), from €1,586 to €859
- Staff costs +€240
new in 2025: €240
- Depreciation +€143
up €143 (+9.1%), from €1,569 to €1,712
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 | €600,243 | €714,523 | +€114,280 | +19.0% |
| Formation expenses | 20 | €3,693 | €2,554 | -€1,138 | -30.8% |
| Fixed assets | 21/28 | €1,537 | €3,179 | +€1,643 | +107% |
| Tangible fixed assets | 22/27 | €1,537 | €3,179 | +€1,643 | +107% |
| Plant, machinery and equipment | 23 | €1,235 | €911 | -€324 | -26.2% |
| Furniture and vehicles | 24 | €301 | €2,268 | +€1,967 | +653% |
| Current assets | 29/58 | €595,014 | €708,790 | +€113,776 | +19.1% |
| Amounts receivable after more than one year | 29 | €5,000 | - | -€5,000 | |
| Other amounts receivable | 291 | €5,000 | - | -€5,000 | |
| Stocks and contracts in progress | 3 | €241,672 | €701,785 | +€460,113 | +190% |
| Stocks | 30/36 | €241,672 | €701,785 | +€460,113 | +190% |
| Amounts receivable within one year | 40/41 | €309,166 | €1,278 | -€307,888 | -99.6% |
| Trade receivables | 40 | €308,604 | €588 | -€308,015 | -99.8% |
| Other amounts receivable | 41 | €562 | €690 | +€128 | +22.7% |
| Cash at bank and in hand | 54/58 | €39,176 | €5,727 | -€33,450 | -85.4% |
| Total equity and liabilities | 10/49 | €600,243 | €714,523 | +€114,280 | +19.0% |
| Equity | 10/15 | €48,420 | €55,948 | +€7,527 | +15.5% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,580 | -€19,052 | +€7,527 | +28.3% |
| Amounts payable | 17/49 | €551,823 | €658,576 | +€106,753 | +19.3% |
| Amounts payable within one year | 42/48 | €229,279 | €657,721 | +€428,442 | +187% |
| Financial debts | 43 | €210,977 | €570,000 | +€359,023 | +170% |
| Credit institutions | 430/8 | €210,977 | €570,000 | +€359,023 | +170% |
| Trade debts | 44 | €145 | €338 | +€193 | +133% |
| Suppliers | 440/4 | €145 | €338 | +€193 | +133% |
| Taxes, remuneration and social security | 45 | €80 | €231 | +€151 | +188% |
| Taxes | 450/3 | €80 | €231 | +€151 | +188% |
| Other amounts payable | 47/48 | €18,077 | €87,152 | +€69,075 | +382% |
| Accrued charges and deferred income | 492/3 | €322,544 | €855 | -€321,690 | -99.7% |
| Remuneration, social security and pensions | 62 | - | €240 | +€240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,569 | €1,712 | +€143 | +9.1% |
| Other operating charges | 640/8 | €1,586 | €859 | -€727 | -45.8% |
| Gross operating margin | 9900 | -€6,861 | €11,281 | +€18,142 | |
| Operating profit (loss) | 9901 | -€10,015 | €8,471 | +€18,486 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,903 | €793 | -€8,110 | -91.1% |
| Recurring financial charges | 65 | €8,903 | €793 | -€8,110 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,918 | €7,678 | +€26,596 | |
| Income taxes | 67/77 | €80 | €151 | +€71 | +88.0% |
| Profit (loss) for the period | 9904 | -€18,998 | €7,527 | +€26,525 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,998 | €7,527 | +€26,525 |
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 15 October 2026 via checked.be.