NIL INVEST: what changed
What changed
NIL INVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€39,696
2024 · €54,870-€15,175
Equity
€307,161
2024 · €287,466+€19,696
Cash
€13,380
2024 · €15,959-€2,579
Balance sheet total
€371,361
2024 · €395,542-€24,181
Largest movements
Assets
- Tangible fixed assets -€20,205
down €20,205 (-33.5%), from €60,359 to €40,154
Equity and liabilities
- Debts after one year -€21,739
down €21,739 (-69.9%), from €31,105 to €9,366
- Reserves +€19,696
up €19,696 (+7.2%), from €275,066 to €294,761
- Other debts -€13,353
down €13,353 (-37.6%), from €35,481 to €22,127
- Current portion of long-term debt -€10,694
down €10,694 (-33.0%), from €32,433 to €21,739
Income statement
- Financial income -€14,180
down €14,180 (-31.6%), from €44,940 to €30,760
- Taxes +€819
up €819 (+23.6%), from €3,477 to €4,296
- Staff costs +€576
up €576 (+4.3%), from €13,403 to €13,980
- Financial charges -€574
down €574 (-29.2%), from €1,965 to €1,391
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€54,870
Gross operating margin
-€434
Staff costs
-€576
Depreciation
+€285
Other operating charges
-€24
Financial income
-€14,180
Financial charges
+€574
Taxes
-€819
Result 2025
€39,696
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€49,854
Investment
€0
Financing
-€52,433
Cash 2024
€15,959
From operations (derived)
+€49,854
Net result for the year
+€39,696
Depreciation
+€20,205
Receivables within one year
+€1,497
Deferred charges and accrued income
-€99
Trade debts
+€133
Tax, wage and social debts
+€1,776
Other debts
-€13,353
Financing
-€52,433
Debts after one year
-€21,739
Current portion of long-term debt
-€10,694
Contributions, distributions and other
-€20,000
Cash 2025
€13,380
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €395,542 | €371,361 | -€24,181 | -6.1% |
| Fixed assets | 21/28 | €376,158 | €355,953 | -€20,205 | -5.4% |
| Tangible fixed assets | 22/27 | €60,359 | €40,154 | -€20,205 | -33.5% |
| Furniture and vehicles | 24 | €60,359 | €40,154 | -€20,205 | -33.5% |
| Financial fixed assets | 28 | €315,799 | €315,799 | = | 0.0% |
| Current assets | 29/58 | €19,385 | €15,408 | -€3,977 | -20.5% |
| Amounts receivable within one year | 40/41 | €1,523 | €26 | -€1,497 | -98.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,523 | €26 | -€1,497 | -98.3% |
| Cash at bank and in hand | 54/58 | €15,959 | €13,380 | -€2,579 | -16.2% |
| Deferred charges and accrued income | 490/1 | €1,902 | €2,002 | +€99 | +5.2% |
| Total equity and liabilities | 10/49 | €395,542 | €371,361 | -€24,181 | -6.1% |
| Equity | 10/15 | €287,466 | €307,161 | +€19,696 | +6.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €275,066 | €294,761 | +€19,696 | +7.2% |
| Distributable reserves | 133 | €275,066 | €294,761 | +€19,696 | +7.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €108,077 | €64,200 | -€43,877 | -40.6% |
| Amounts payable after more than one year | 17 | €31,105 | €9,366 | -€21,739 | -69.9% |
| Financial debts | 170/4 | €31,105 | €9,366 | -€21,739 | -69.9% |
| Amounts payable within one year | 42/48 | €76,972 | €54,834 | -€22,138 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €32,433 | €21,739 | -€10,694 | -33.0% |
| Trade debts | 44 | €161 | €294 | +€133 | +82.4% |
| Suppliers | 440/4 | €161 | €294 | +€133 | +82.4% |
| Taxes, remuneration and social security | 45 | €8,897 | €10,673 | +€1,776 | +20.0% |
| Taxes | 450/3 | €5,816 | €7,188 | +€1,372 | +23.6% |
| Remuneration and social security | 454/9 | €3,081 | €3,485 | +€404 | +13.1% |
| Other amounts payable | 47/48 | €35,481 | €22,127 | -€13,353 | -37.6% |
| Remuneration, social security and pensions | 62 | €13,403 | €13,980 | +€576 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,489 | €20,205 | -€285 | -1.4% |
| Other operating charges | 640/8 | €797 | €821 | +€24 | +3.0% |
| Gross operating margin | 9900 | €50,062 | €49,628 | -€434 | -0.9% |
| Operating profit (loss) | 9901 | €15,372 | €14,623 | -€750 | -4.9% |
| Financial income | 75/76B | €44,940 | €30,760 | -€14,180 | -31.6% |
| Recurring financial income | 75 | €44,940 | €30,760 | -€14,180 | -31.6% |
| Financial charges | 65/66B | €1,965 | €1,391 | -€574 | -29.2% |
| Recurring financial charges | 65 | €1,965 | €1,391 | -€574 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €58,347 | €43,992 | -€14,355 | -24.6% |
| Income taxes | 67/77 | €3,477 | €4,296 | +€819 | +23.6% |
| Profit (loss) for the period | 9904 | €54,870 | €39,696 | -€15,175 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,870 | €39,696 | -€15,175 | -27.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.