NIJS Walter: 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 Walter
Largest movements
- Cash +€33,880
up €33,880 (+204%), from €16,607 to €50,488
mainly Net result for the year (+€14,867) and Stocks and contracts (+€10,510)
- Stocks and contracts -€10,510
down €10,510 (-15.7%), from €66,822 to €56,313
- Tangible fixed assets -€6,028
down €6,028 (-26.2%), from €23,006 to €16,978
of which Land and buildings: -€5,274
- Receivables within one year -€5,821
down €5,821 (-64.4%), from €9,034 to €3,213
of which Other amounts receivable: -€4,572
- Other debts -€14,895
down €14,895 (-12.9%), from €115,854 to €100,959
- Profit (loss) carried forward +€9,098
no longer reported in 2025 (was -€9,098)
- Tax, wage and social debts +€6,594
up €6,594 (+274%), from €2,404 to €8,998
of which Taxes: +€6,834
- Reserves +€5,769
new in 2025: €5,769
- Trade debts +€5,091
up €5,091 (+80.0%), from €6,362 to €11,453
- Gross operating margin +€13,742
up €13,742 (+48.4%), from €28,370 to €42,112
- Taxes +€6,226
up €6,226 (+753%), from €827 to €7,053
- Staff costs -€1,874
down €1,874 (-19.5%), from €9,632 to €7,757
- Other operating charges +€711
up €711 (+11.1%), from €6,396 to €7,108
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 | €118,522 | €130,179 | +€11,657 | +9.8% |
| Fixed assets | 21/28 | €24,506 | €18,478 | -€6,028 | -24.6% |
| Tangible fixed assets | 22/27 | €23,006 | €16,978 | -€6,028 | -26.2% |
| Land and buildings | 22 | €21,097 | €15,823 | -€5,274 | -25.0% |
| Plant, machinery and equipment | 23 | €1,908 | €1,155 | -€753 | -39.5% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €94,016 | €111,701 | +€17,685 | +18.8% |
| Stocks and contracts in progress | 3 | €66,822 | €56,313 | -€10,510 | -15.7% |
| Stocks | 30/36 | €66,822 | €56,313 | -€10,510 | -15.7% |
| Amounts receivable within one year | 40/41 | €9,034 | €3,213 | -€5,821 | -64.4% |
| Trade receivables | 40 | €1,249 | - | -€1,249 | |
| Other amounts receivable | 41 | €7,785 | €3,213 | -€4,572 | -58.7% |
| Cash at bank and in hand | 54/58 | €16,607 | €50,488 | +€33,880 | +204% |
| Deferred charges and accrued income | 490/1 | €1,553 | €1,687 | +€135 | +8.7% |
| Total equity and liabilities | 10/49 | €118,522 | €130,179 | +€11,657 | +9.8% |
| Equity | 10/15 | -€6,098 | €8,769 | +€14,867 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €5,769 | +€5,769 | |
| Distributable reserves | 133 | - | €5,769 | +€5,769 | |
| Profit (loss) carried forward | 14 | -€9,098 | - | +€9,098 | |
| Amounts payable | 17/49 | €124,620 | €121,410 | -€3,210 | -2.6% |
| Amounts payable within one year | 42/48 | €124,620 | €121,410 | -€3,210 | -2.6% |
| Trade debts | 44 | €6,362 | €11,453 | +€5,091 | +80.0% |
| Suppliers | 440/4 | €6,362 | €11,453 | +€5,091 | +80.0% |
| Taxes, remuneration and social security | 45 | €2,404 | €8,998 | +€6,594 | +274% |
| Taxes | 450/3 | €856 | €7,691 | +€6,834 | +798% |
| Remuneration and social security | 454/9 | €1,548 | €1,307 | -€241 | -15.6% |
| Other amounts payable | 47/48 | €115,854 | €100,959 | -€14,895 | -12.9% |
| Remuneration, social security and pensions | 62 | €9,632 | €7,757 | -€1,874 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,988 | €6,028 | +€40 | +0.7% |
| Other operating charges | 640/8 | €6,396 | €7,108 | +€711 | +11.1% |
| Gross operating margin | 9900 | €28,370 | €42,112 | +€13,742 | +48.4% |
| Operating profit (loss) | 9901 | €6,355 | €21,219 | +€14,864 | +234% |
| Financial income | 75/76B | €766 | €799 | +€33 | +4.4% |
| Recurring financial income | 75 | €766 | €799 | +€33 | +4.4% |
| Financial charges | 65/66B | €369 | €98 | -€271 | -73.3% |
| Recurring financial charges | 65 | €369 | €98 | -€271 | -73.3% |
| Profit (loss) for the period before taxes | 9903 | €6,751 | €21,920 | +€15,169 | +225% |
| Income taxes | 67/77 | €827 | €7,053 | +€6,226 | +753% |
| Profit (loss) for the period | 9904 | €5,925 | €14,867 | +€8,943 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €5,925 | €14,867 | +€8,943 | +151% |
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 20 October 2026 via checked.be.