NILOCO: 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.
NILOCO
Largest movements
- Cash +€52,379
up €52,379 (+28.4%), from €184,638 to €237,017
mainly Net result for the year (+€150,719) and Depreciation (+€10,781)
- Tangible fixed assets -€9,722
down €9,722 (-10.0%), from €97,536 to €87,814
- Receivables within one year -€4,993
down €4,993 (-5.5%), from €91,057 to €86,063
of which Trade receivables: -€6,140
- Reserves +€81,347
up €81,347 (+29.1%), from €279,190 to €360,537
- Other debts -€36,582
down €36,582 (-45.3%), from €80,767 to €44,186
- Tax, wage and social debts -€6,209
down €6,209 (-19.6%), from €31,673 to €25,465
- Debts after one year -€5,923
down €5,923 (-40.2%), from €14,717 to €8,793
- Gross operating margin +€16,804
up €16,804 (+8.1%), from €208,041 to €224,845
- Taxes +€8,394
up €8,394 (+15.4%), from €54,482 to €62,876
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 | €425,977 | €459,060 | +€33,083 | +7.8% |
| Fixed assets | 21/28 | €97,536 | €87,814 | -€9,722 | -10.0% |
| Tangible fixed assets | 22/27 | €97,536 | €87,814 | -€9,722 | -10.0% |
| Land and buildings | 22 | €79,709 | €75,363 | -€4,346 | -5.5% |
| Plant, machinery and equipment | 23 | - | €1,014 | +€1,014 | |
| Furniture and vehicles | 24 | €4,647 | €2,313 | -€2,334 | -50.2% |
| Other tangible fixed assets | 26 | €13,180 | €9,124 | -€4,056 | -30.8% |
| Current assets | 29/58 | €328,441 | €371,247 | +€42,805 | +13.0% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €91,057 | €86,063 | -€4,993 | -5.5% |
| Trade receivables | 40 | €91,057 | €84,917 | -€6,140 | -6.7% |
| Other amounts receivable | 41 | - | €1,147 | +€1,147 | |
| Cash at bank and in hand | 54/58 | €184,638 | €237,017 | +€52,379 | +28.4% |
| Deferred charges and accrued income | 490/1 | €17,747 | €13,166 | -€4,581 | -25.8% |
| Total equity and liabilities | 10/49 | €425,977 | €459,060 | +€33,083 | +7.8% |
| Equity | 10/15 | €291,590 | €372,937 | +€81,347 | +27.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €279,190 | €360,537 | +€81,347 | +29.1% |
| Distributable reserves | 133 | €279,190 | €360,537 | +€81,347 | +29.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €134,387 | €86,123 | -€48,264 | -35.9% |
| Amounts payable after more than one year | 17 | €14,717 | €8,793 | -€5,923 | -40.2% |
| Financial debts | 170/4 | €14,717 | €8,793 | -€5,923 | -40.2% |
| Amounts payable within one year | 42/48 | €119,670 | €77,218 | -€42,453 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €5,699 | €5,923 | +€225 | +3.9% |
| Trade debts | 44 | €1,531 | €1,644 | +€113 | +7.4% |
| Suppliers | 440/4 | €1,531 | €1,644 | +€113 | +7.4% |
| Taxes, remuneration and social security | 45 | €31,673 | €25,465 | -€6,209 | -19.6% |
| Taxes | 450/3 | €31,673 | €25,465 | -€6,209 | -19.6% |
| Other amounts payable | 47/48 | €80,767 | €44,186 | -€36,582 | -45.3% |
| Accrued charges and deferred income | 492/3 | - | €112 | +€112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,130 | €10,781 | -€349 | -3.1% |
| Other operating charges | 640/8 | €3,077 | €3,341 | +€264 | +8.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €208,041 | €224,845 | +€16,804 | +8.1% |
| Operating profit (loss) | 9901 | €193,834 | €210,723 | +€16,889 | +8.7% |
| Financial income | 75/76B | €2,864 | €3,836 | +€972 | +34.0% |
| Recurring financial income | 75 | €2,864 | €3,836 | +€972 | +34.0% |
| Financial charges | 65/66B | €1,097 | €964 | -€133 | -12.1% |
| Recurring financial charges | 65 | €1,097 | €964 | -€133 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €195,600 | €213,595 | +€17,994 | +9.2% |
| Income taxes | 67/77 | €54,482 | €62,876 | +€8,394 | +15.4% |
| Profit (loss) for the period | 9904 | €141,119 | €150,719 | +€9,600 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €141,119 | €150,719 | +€9,600 | +6.8% |
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.