NILA: 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.
NILA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€221,923
up €221,923 (+944%), from €23,508 to €245,431
- Debts after one year -€119,063
down €119,063 (-17.3%), from €688,792 to €569,729
- Trade debts -€84,164
down €84,164 (-96.6%), from €87,165 to €3,001
- Reserves -€16,541
down €16,541 (-10.2%), from €162,400 to €145,859
- Financial charges +€120,052
up €120,052 (+288%), from €41,735 to €161,787
of which Non-recurring financial charges: +€123,330
- Financial income -€22,575
down €22,575 (-20.4%), from €110,500 to €87,925
- Gross operating margin +€12,466
up €12,466 (+23.6%), from €52,827 to €65,294
- Taxes +€2,825
up €2,825 (+100%), from €2,819 to €5,644
- Depreciation +€1,514
up €1,514 (+236%), from €642 to €2,156
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 | €1,100,616 | €1,104,288 | +€3,672 | +0.3% |
| Fixed assets | 21/28 | €1,051,966 | €1,054,392 | +€2,426 | +0.2% |
| Tangible fixed assets | 22/27 | €4,322 | €6,748 | +€2,427 | +56.1% |
| Furniture and vehicles | 24 | €4,322 | €6,748 | +€2,427 | +56.1% |
| Financial fixed assets | 28 | €1,047,644 | €1,047,643 | -€1 | 0.0% |
| Current assets | 29/58 | €48,650 | €49,897 | +€1,247 | +2.6% |
| Amounts receivable within one year | 40/41 | €33,429 | €34,079 | +€650 | +1.9% |
| Trade receivables | 40 | €17,200 | €20,289 | +€3,089 | +18.0% |
| Other amounts receivable | 41 | €16,229 | €13,790 | -€2,439 | -15.0% |
| Cash at bank and in hand | 54/58 | €14,116 | €13,261 | -€855 | -6.1% |
| Deferred charges and accrued income | 490/1 | €1,105 | €2,557 | +€1,452 | +131% |
| Total equity and liabilities | 10/49 | €1,100,616 | €1,104,288 | +€3,672 | +0.3% |
| Equity | 10/15 | €167,400 | €150,859 | -€16,541 | -9.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €162,400 | €145,859 | -€16,541 | -10.2% |
| Distributable reserves | 133 | €162,400 | €145,859 | -€16,541 | -10.2% |
| Amounts payable | 17/49 | €933,215 | €953,429 | +€20,214 | +2.2% |
| Amounts payable after more than one year | 17 | €688,792 | €569,729 | -€119,063 | -17.3% |
| Financial debts | 170/4 | €688,792 | €569,729 | -€119,063 | -17.3% |
| Amounts payable within one year | 42/48 | €244,424 | €383,700 | +€139,276 | +57.0% |
| Current portion of amounts payable after more than one year | 42 | €113,137 | €117,783 | +€4,646 | +4.1% |
| Financial debts | 43 | €11,500 | €10,500 | -€1,000 | -8.7% |
| Credit institutions | 430/8 | €11,500 | €10,500 | -€1,000 | -8.7% |
| Trade debts | 44 | €87,165 | €3,001 | -€84,164 | -96.6% |
| Suppliers | 440/4 | €87,165 | €3,001 | -€84,164 | -96.6% |
| Taxes, remuneration and social security | 45 | €9,113 | €6,985 | -€2,128 | -23.4% |
| Taxes | 450/3 | €4,018 | €1,736 | -€2,282 | -56.8% |
| Remuneration and social security | 454/9 | €5,095 | €5,248 | +€153 | +3.0% |
| Other amounts payable | 47/48 | €23,508 | €245,431 | +€221,923 | +944% |
| Remuneration, social security and pensions | 62 | - | -€989 | -€989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €642 | €2,156 | +€1,514 | +236% |
| Other operating charges | 640/8 | €387 | €1,162 | +€775 | +200% |
| Gross operating margin | 9900 | €52,827 | €65,294 | +€12,466 | +23.6% |
| Operating profit (loss) | 9901 | €51,798 | €62,965 | +€11,167 | +21.6% |
| Financial income | 75/76B | €110,500 | €87,925 | -€22,575 | -20.4% |
| Recurring financial income | 75 | €110,500 | €87,925 | -€22,575 | -20.4% |
| Financial charges | 65/66B | €41,735 | €161,787 | +€120,052 | +288% |
| Recurring financial charges | 65 | €41,735 | €38,457 | -€3,278 | -7.9% |
| Non-recurring financial charges | 66B | - | €123,330 | +€123,330 | |
| Profit (loss) for the period before taxes | 9903 | €120,563 | -€10,897 | -€131,460 | |
| Income taxes | 67/77 | €2,819 | €5,644 | +€2,825 | +100% |
| Profit (loss) for the period | 9904 | €117,744 | -€16,541 | -€134,286 | |
| Profit (loss) for the period to be appropriated | 9905 | €117,744 | -€16,541 | -€134,286 |
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 27 October 2026 via checked.be.