Nilco: 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.
Nilco
Largest movements
- Receivables within one year +€12,329
up €12,329 (+236%), from €5,223 to €17,552
of which Trade receivables: +€12,330
- Tangible fixed assets -€10,502
down €10,502 (-11.2%), from €93,855 to €83,353
of which Land and buildings: -€10,106
- Debts after one year -€36,146
down €36,146 (-15.5%), from €233,437 to €197,291
- Reserves +€27,386
up €27,386 (+16.1%), from €170,460 to €197,846
- Accrued charges and deferred income +€8,873
up €8,873 (+194%), from €4,572 to €13,445
- Financial income -€38,238
down €38,238 (-99.2%), from €38,531 to €293
- Taxes -€2,438
down €2,438 (-15.5%), from €15,765 to €13,327
- Gross operating margin -€1,702
down €1,702 (-2.6%), from €64,279 to €62,577
- Other operating charges -€931
down €931 (-23.3%), from €3,996 to €3,065
- Financial charges -€762
down €762 (-10.6%), from €7,197 to €6,435
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 | €603,181 | €602,364 | -€817 | -0.1% |
| Fixed assets | 21/28 | €544,740 | €534,238 | -€10,502 | -1.9% |
| Tangible fixed assets | 22/27 | €93,855 | €83,353 | -€10,502 | -11.2% |
| Land and buildings | 22 | €91,748 | €81,643 | -€10,106 | -11.0% |
| Plant, machinery and equipment | 23 | €1,911 | €1,619 | -€292 | -15.3% |
| Furniture and vehicles | 24 | €196 | €92 | -€104 | -53.2% |
| Financial fixed assets | 28 | €450,885 | €450,885 | = | 0.0% |
| Current assets | 29/58 | €58,441 | €68,126 | +€9,685 | +16.6% |
| Amounts receivable within one year | 40/41 | €5,223 | €17,552 | +€12,329 | +236% |
| Trade receivables | 40 | €5,209 | €17,539 | +€12,330 | +237% |
| Other amounts receivable | 41 | €14 | €13 | -€1 | -10.0% |
| Cash at bank and in hand | 54/58 | €52,730 | €50,302 | -€2,428 | -4.6% |
| Deferred charges and accrued income | 490/1 | €488 | €272 | -€216 | -44.2% |
| Total equity and liabilities | 10/49 | €603,181 | €602,364 | -€817 | -0.1% |
| Equity | 10/15 | €189,060 | €216,446 | +€27,386 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,460 | €197,846 | +€27,386 | +16.1% |
| Distributable reserves | 133 | €170,460 | €197,846 | +€27,386 | +16.1% |
| Amounts payable | 17/49 | €414,120 | €385,918 | -€28,203 | -6.8% |
| Amounts payable after more than one year | 17 | €233,437 | €197,291 | -€36,146 | -15.5% |
| Financial debts | 170/4 | €233,437 | €197,291 | -€36,146 | -15.5% |
| Amounts payable within one year | 42/48 | €176,111 | €175,181 | -€930 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €35,711 | €36,146 | +€435 | +1.2% |
| Financial debts | 43 | €0 | €3,366 | +€3,366 | |
| Credit institutions | 430/8 | €0 | €3,366 | +€3,366 | |
| Trade debts | 44 | €12,340 | €9,221 | -€3,119 | -25.3% |
| Suppliers | 440/4 | €12,340 | €9,221 | -€3,119 | -25.3% |
| Taxes, remuneration and social security | 45 | €24,811 | €25,860 | +€1,049 | +4.2% |
| Taxes | 450/3 | €24,171 | €24,260 | +€89 | +0.4% |
| Remuneration and social security | 454/9 | €640 | €1,600 | +€960 | +150% |
| Other amounts payable | 47/48 | €103,249 | €100,588 | -€2,661 | -2.6% |
| Accrued charges and deferred income | 492/3 | €4,572 | €13,445 | +€8,873 | +194% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,343 | €12,658 | +€315 | +2.6% |
| Other operating charges | 640/8 | €3,996 | €3,065 | -€931 | -23.3% |
| Non-recurring operating charges | 66A | €46 | €0 | -€46 | -100% |
| Gross operating margin | 9900 | €64,279 | €62,577 | -€1,702 | -2.6% |
| Operating profit (loss) | 9901 | €47,895 | €46,854 | -€1,041 | -2.2% |
| Financial income | 75/76B | €38,531 | €293 | -€38,238 | -99.2% |
| Recurring financial income | 75 | €38,531 | €293 | -€38,238 | -99.2% |
| Financial charges | 65/66B | €7,197 | €6,435 | -€762 | -10.6% |
| Recurring financial charges | 65 | €7,197 | €6,435 | -€762 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €79,229 | €40,713 | -€38,516 | -48.6% |
| Income taxes | 67/77 | €15,765 | €13,327 | -€2,438 | -15.5% |
| Profit (loss) for the period | 9904 | €63,464 | €27,386 | -€36,078 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,464 | €27,386 | -€36,078 | -56.8% |
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.