NILISI: 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.
NILISI
Largest movements
- Current investments +€123,246
up €123,246 (+40.9%), from €301,039 to €424,285
- Cash -€51,441
down €51,441 (-27.0%), from €190,736 to €139,294
mainly Current investments (-€123,246) and Other debts (-€77,061)
- Reserves +€195,454
up €195,454 (+21.8%), from €896,334 to €1.1m
of which Distributable reserves: +€195,454
- Other debts -€77,061
down €77,061 (-97.9%), from €78,727 to €1,666
- Short-term financial debts -€56,053
down €56,053 (-96.0%), from €58,365 to €2,312
- Gross operating margin -€21,308
down €21,308 (-6.4%), from €334,430 to €313,121
- Depreciation -€20,856
down €20,856 (-35.1%), from €59,355 to €38,499
- Financial income +€5,869
up €5,869 (+97.4%), from €6,023 to €11,891
- Financial charges -€4,296
down €4,296 (-49.3%), from €8,715 to €4,419
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 | €1,134,937 | €1,197,234 | +€62,297 | +5.5% |
| Fixed assets | 21/28 | €370,986 | €364,593 | -€6,393 | -1.7% |
| Tangible fixed assets | 22/27 | €370,566 | €364,173 | -€6,393 | -1.7% |
| Land and buildings | 22 | €366,953 | €349,853 | -€17,100 | -4.7% |
| Furniture and vehicles | 24 | €3,613 | €1,864 | -€1,750 | -48.4% |
| Other tangible fixed assets | 26 | €0 | €12,456 | +€12,456 | |
| Financial fixed assets | 28 | €420 | €420 | = | 0.0% |
| Current assets | 29/58 | €763,951 | €832,641 | +€68,690 | +9.0% |
| Amounts receivable within one year | 40/41 | €264,755 | €260,859 | -€3,896 | -1.5% |
| Trade receivables | 40 | €42,792 | €36,584 | -€6,208 | -14.5% |
| Other amounts receivable | 41 | €221,963 | €224,275 | +€2,311 | +1.0% |
| Current investments | 50/53 | €301,039 | €424,285 | +€123,246 | +40.9% |
| Cash at bank and in hand | 54/58 | €190,736 | €139,294 | -€51,441 | -27.0% |
| Deferred charges and accrued income | 490/1 | €7,421 | €8,202 | +€781 | +10.5% |
| Total equity and liabilities | 10/49 | €1,134,937 | €1,197,234 | +€62,297 | +5.5% |
| Equity | 10/15 | €936,677 | €1,130,464 | +€193,788 | +20.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €896,334 | €1,091,788 | +€195,454 | +21.8% |
| Tax-exempt reserves | 132 | €22,035 | €22,035 | = | 0.0% |
| Distributable reserves | 133 | €874,299 | €1,069,753 | +€195,454 | +22.4% |
| Profit (loss) carried forward | 14 | €27,943 | €26,277 | -€1,666 | -6.0% |
| Amounts payable | 17/49 | €198,260 | €66,769 | -€131,491 | -66.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €198,260 | €66,769 | -€131,491 | -66.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €58,365 | €2,312 | -€56,053 | -96.0% |
| Credit institutions | 430/8 | €58,365 | €2,312 | -€56,053 | -96.0% |
| Trade debts | 44 | €7,868 | €7,626 | -€243 | -3.1% |
| Suppliers | 440/4 | €7,868 | €7,626 | -€243 | -3.1% |
| Advances received on contracts in progress | 46 | €25,456 | €27,135 | +€1,679 | +6.6% |
| Taxes, remuneration and social security | 45 | €27,844 | €28,030 | +€186 | +0.7% |
| Taxes | 450/3 | €27,844 | €28,030 | +€186 | +0.7% |
| Other amounts payable | 47/48 | €78,727 | €1,666 | -€77,061 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,355 | €38,499 | -€20,856 | -35.1% |
| Other operating charges | 640/8 | €2,926 | €3,373 | +€447 | +15.3% |
| Gross operating margin | 9900 | €334,430 | €313,121 | -€21,308 | -6.4% |
| Operating profit (loss) | 9901 | €272,149 | €271,250 | -€899 | -0.3% |
| Financial income | 75/76B | €6,023 | €11,891 | +€5,869 | +97.4% |
| Recurring financial income | 75 | €6,023 | €11,891 | +€5,869 | +97.4% |
| Financial charges | 65/66B | €8,715 | €4,419 | -€4,296 | -49.3% |
| Recurring financial charges | 65 | €8,715 | €4,419 | -€4,296 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €269,456 | €278,722 | +€9,266 | +3.4% |
| Income taxes | 67/77 | €82,911 | €83,269 | +€357 | +0.4% |
| Profit (loss) for the period | 9904 | €186,545 | €195,454 | +€8,909 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €186,545 | €195,454 | +€8,909 | +4.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.