NILI: 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.
NILI
Largest movements
- Tangible fixed assets +€63,747
up €63,747 (+7.4%), from €861,371 to €925,118
of which Leasing and similar rights: +€104,462
- Receivables within one year +€43,669
up €43,669 (+58.1%), from €75,116 to €118,785
of which Trade receivables: +€23,715
- Stocks and contracts +€15,848
up €15,848 (+56.4%), from €28,102 to €43,950
- Reserves +€66,500
up €66,500 (+56.4%), from €118,000 to €184,500
- Debts after one year +€41,441
up €41,441 (+6.3%), from €656,155 to €697,595
of which Financial debts: +€40,241
- Current portion of long-term debt +€24,982
up €24,982 (+24.8%), from €100,907 to €125,888
- Tax, wage and social debts +€12,902
up €12,902 (+23.8%), from €54,151 to €67,053
of which Taxes: +€13,840
- Gross operating margin +€90,430
up €90,430 (+20.2%), from €447,868 to €538,298
- Staff costs +€27,060
up €27,060 (+15.2%), from €178,083 to €205,144
- Taxes +€25,359
up €25,359 (+101%), from €25,206 to €50,565
- Write-downs +€9,911
new in 2025: €9,911
- Financial income +€8,897
up €8,897 (+107%), from €8,301 to €17,198
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 | €1,083,133 | €1,217,635 | +€134,502 | +12.4% |
| Fixed assets | 21/28 | €861,771 | €925,118 | +€63,347 | +7.4% |
| Intangible fixed assets | 21 | €399 | €0 | -€399 | -100% |
| Tangible fixed assets | 22/27 | €861,371 | €925,118 | +€63,747 | +7.4% |
| Land and buildings | 22 | €654,725 | €610,975 | -€43,750 | -6.7% |
| Plant, machinery and equipment | 23 | €36,747 | €40,718 | +€3,971 | +10.8% |
| Furniture and vehicles | 24 | €14,862 | €13,926 | -€936 | -6.3% |
| Leasing and similar rights | 25 | €155,037 | €259,499 | +€104,462 | +67.4% |
| Current assets | 29/58 | €221,363 | €292,517 | +€71,154 | +32.1% |
| Stocks and contracts in progress | 3 | €28,102 | €43,950 | +€15,848 | +56.4% |
| Stocks | 30/36 | €28,102 | €43,950 | +€15,848 | +56.4% |
| Amounts receivable within one year | 40/41 | €75,116 | €118,785 | +€43,669 | +58.1% |
| Trade receivables | 40 | €39,401 | €63,116 | +€23,715 | +60.2% |
| Other amounts receivable | 41 | €35,714 | €55,668 | +€19,954 | +55.9% |
| Cash at bank and in hand | 54/58 | €113,910 | €125,047 | +€11,137 | +9.8% |
| Deferred charges and accrued income | 490/1 | €4,235 | €4,736 | +€501 | +11.8% |
| Total equity and liabilities | 10/49 | €1,083,133 | €1,217,635 | +€134,502 | +12.4% |
| Equity | 10/15 | €143,130 | €209,718 | +€66,588 | +46.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €118,000 | €184,500 | +€66,500 | +56.4% |
| Distributable reserves | 133 | €118,000 | €184,500 | +€66,500 | +56.4% |
| Profit (loss) carried forward | 14 | €130 | €218 | +€88 | +67.2% |
| Amounts payable | 17/49 | €940,003 | €1,007,917 | +€67,914 | +7.2% |
| Amounts payable after more than one year | 17 | €656,155 | €697,595 | +€41,441 | +6.3% |
| Financial debts | 170/4 | €656,155 | €696,395 | +€40,241 | +6.1% |
| Other amounts payable | 178/9 | - | €1,200 | +€1,200 | |
| Amounts payable within one year | 42/48 | €283,848 | €310,322 | +€26,473 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €100,907 | €125,888 | +€24,982 | +24.8% |
| Financial debts | 43 | €30,055 | €30,051 | -€4 | 0.0% |
| Credit institutions | 430/8 | €30,055 | €30,051 | -€4 | 0.0% |
| Trade debts | 44 | €48,736 | €37,329 | -€11,406 | -23.4% |
| Suppliers | 440/4 | €48,736 | €37,329 | -€11,406 | -23.4% |
| Taxes, remuneration and social security | 45 | €54,151 | €67,053 | +€12,902 | +23.8% |
| Taxes | 450/3 | €32,240 | €46,080 | +€13,840 | +42.9% |
| Remuneration and social security | 454/9 | €21,910 | €20,973 | -€937 | -4.3% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Non-recurring operating income | 76A | €64,527 | - | -€64,527 | |
| Remuneration, social security and pensions | 62 | €178,083 | €205,144 | +€27,060 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,433 | €128,913 | +€8,479 | +7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,911 | +€9,911 | |
| Other operating charges | 640/8 | €8,231 | €5,934 | -€2,297 | -27.9% |
| Gross operating margin | 9900 | €447,868 | €538,298 | +€90,430 | +20.2% |
| Operating profit (loss) | 9901 | €141,121 | €188,397 | +€47,276 | +33.5% |
| Financial income | 75/76B | €8,301 | €17,198 | +€8,897 | +107% |
| Recurring financial income | 75 | €8,301 | €17,198 | +€8,897 | +107% |
| Financial charges | 65/66B | €45,593 | €38,442 | -€7,151 | -15.7% |
| Recurring financial charges | 65 | €45,593 | €38,442 | -€7,151 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €103,829 | €167,153 | +€63,323 | +61.0% |
| Income taxes | 67/77 | €25,206 | €50,565 | +€25,359 | +101% |
| Profit (loss) for the period | 9904 | €78,623 | €116,588 | +€37,965 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,623 | €116,588 | +€37,965 | +48.3% |
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.