NIL.AH.AS.: 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.
NIL.AH.AS.
Largest movements
- Tangible fixed assets -€26,717
down €26,717 (-16.8%), from €158,853 to €132,136
of which Furniture and vehicles: -€17,046
- Cash +€25,588
up €25,588 (+55.9%), from €45,763 to €71,352
mainly Depreciation (+€30,957) and Receivables within one year (+€25,267)
- Receivables within one year -€25,267
down €25,267 (-100%), from €25,267 to €0
- Profit (loss) carried forward -€30,420
down €30,420 (-23.8%), from €128,081 to €97,661
- Debts after one year -€15,415
down €15,415 (-25.5%), from €60,571 to €45,156
- Other debts +€14,429
new in 2025: €14,429
- Tax, wage and social debts +€3,731
up €3,731 (+17.1%), from €21,761 to €25,491
of which Taxes: +€4,500
- Trade debts +€3,352
up €3,352 (+80.7%), from €4,156 to €7,508
- Financial charges +€45,524
up €45,524 (+5,647%), from €806 to €46,330
- Other operating charges +€28,904
up €28,904 (+5,997%), from €482 to €29,386
- Depreciation +€12,408
up €12,408 (+66.9%), from €18,549 to €30,957
- Taxes -€11,090
down €11,090 (-57.0%), from €19,458 to €8,368
- Gross operating margin -€9,668
down €9,668 (-8.6%), from €112,427 to €102,759
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 | €237,813 | €211,861 | -€25,952 | -10.9% |
| Fixed assets | 21/28 | €164,978 | €138,294 | -€26,684 | -16.2% |
| Tangible fixed assets | 22/27 | €158,853 | €132,136 | -€26,717 | -16.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,031 | €900 | -€1,131 | -55.7% |
| Furniture and vehicles | 24 | €80,770 | €63,724 | -€17,046 | -21.1% |
| Other tangible fixed assets | 26 | €76,052 | €67,512 | -€8,540 | -11.2% |
| Financial fixed assets | 28 | €6,126 | €6,158 | +€32 | +0.5% |
| Current assets | 29/58 | €72,835 | €73,567 | +€732 | +1.0% |
| Amounts receivable within one year | 40/41 | €25,267 | €0 | -€25,267 | -100% |
| Other amounts receivable | 41 | €25,267 | €0 | -€25,267 | -100% |
| Cash at bank and in hand | 54/58 | €45,763 | €71,352 | +€25,588 | +55.9% |
| Deferred charges and accrued income | 490/1 | €1,804 | €2,215 | +€411 | +22.8% |
| Total equity and liabilities | 10/49 | €237,813 | €211,861 | -€25,952 | -10.9% |
| Equity | 10/15 | €134,281 | €103,861 | -€30,420 | -22.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,081 | €97,661 | -€30,420 | -23.8% |
| Amounts payable | 17/49 | €103,532 | €108,000 | +€4,468 | +4.3% |
| Amounts payable after more than one year | 17 | €60,571 | €45,156 | -€15,415 | -25.5% |
| Financial debts | 170/4 | €60,571 | €45,156 | -€15,415 | -25.5% |
| Amounts payable within one year | 42/48 | €42,961 | €62,844 | +€19,883 | +46.3% |
| Current portion of amounts payable after more than one year | 42 | €17,045 | €15,415 | -€1,629 | -9.6% |
| Trade debts | 44 | €4,156 | €7,508 | +€3,352 | +80.7% |
| Suppliers | 440/4 | €4,156 | €7,508 | +€3,352 | +80.7% |
| Taxes, remuneration and social security | 45 | €21,761 | €25,491 | +€3,731 | +17.1% |
| Taxes | 450/3 | €19,630 | €24,130 | +€4,500 | +22.9% |
| Remuneration and social security | 454/9 | €2,130 | €1,361 | -€769 | -36.1% |
| Other amounts payable | 47/48 | - | €14,429 | +€14,429 | |
| Remuneration, social security and pensions | 62 | €18,445 | €18,519 | +€73 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,549 | €30,957 | +€12,408 | +66.9% |
| Other operating charges | 640/8 | €482 | €29,386 | +€28,904 | +5,997% |
| Gross operating margin | 9900 | €112,427 | €102,759 | -€9,668 | -8.6% |
| Operating profit (loss) | 9901 | €74,951 | €23,898 | -€51,053 | -68.1% |
| Financial income | 75/76B | €857 | €380 | -€476 | -55.6% |
| Recurring financial income | 75 | €857 | €380 | -€476 | -55.6% |
| Financial charges | 65/66B | €806 | €46,330 | +€45,524 | +5,647% |
| Recurring financial charges | 65 | €806 | €46,330 | +€45,524 | +5,647% |
| Profit (loss) for the period before taxes | 9903 | €75,001 | -€22,053 | -€97,054 | |
| Income taxes | 67/77 | €19,458 | €8,368 | -€11,090 | -57.0% |
| Profit (loss) for the period | 9904 | €55,544 | -€30,420 | -€85,964 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,544 | -€30,420 | -€85,964 |
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.