NILS: what changed
Two fiscal 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.
NILS
Largest movements
- Tangible fixed assets -€54,379
down €54,379 (-4.9%), from €1.1m to €1.1m
of which Land and buildings: -€38,853
- Cash +€29,576
up €29,576 (+34.4%), from €85,974 to €115,550
mainly Other debts (+€130,813) and Net result for the year (+€99,966)
- Receivables within one year -€15,134
down €15,134 (-48.6%), from €31,169 to €16,034
of which Trade receivables: -€11,309
- Other debts +€130,813
up €130,813 (+73305.3%), from €178 to €130,992
- Debts after one year -€80,003
down €80,003 (-8.5%), from €942,350 to €862,348
- Reserves -€69,878
down €69,878 (-41.1%), from €169,844 to €99,966
- Depreciation -€85,078
down €85,078 (-52.0%), from €163,463 to €78,385
- Gross operating margin +€27,890
up €27,890 (+11.4%), from €245,487 to €273,377
- Taxes +€15,855
up €15,855 (+123.7%), from €12,812 to €28,666
- Staff costs +€15,463
up €15,463 (+115.1%), from €13,429 to €28,892
- Financial charges +€14,621
up €14,621 (+154.6%), from €9,456 to €24,077
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.
Cash bridge derived
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 | €1,260,234 | €1,225,087 | -€35,148 | -2.8% |
| Fixed assets | 21/28 | €1,110,086 | €1,055,707 | -€54,379 | -4.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,110,086 | €1,055,707 | -€54,379 | -4.9% |
| Land and buildings | 22 | €1,063,581 | €1,024,728 | -€38,853 | -3.7% |
| Plant, machinery and equipment | 23 | €24,587 | €14,862 | -€9,725 | -39.6% |
| Furniture and vehicles | 24 | €21,918 | €16,117 | -€5,801 | -26.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €150,148 | €169,380 | +€19,231 | +12.8% |
| Stocks and contracts in progress | 3 | €26,842 | €32,252 | +€5,410 | +20.2% |
| Stocks | 30/36 | €26,842 | €32,252 | +€5,410 | +20.2% |
| Amounts receivable within one year | 40/41 | €31,169 | €16,034 | -€15,134 | -48.6% |
| Trade receivables | 40 | €12,941 | €1,633 | -€11,309 | -87.4% |
| Other amounts receivable | 41 | €18,227 | €14,401 | -€3,826 | -21.0% |
| Cash at bank and in hand | 54/58 | €85,974 | €115,550 | +€29,576 | +34.4% |
| Deferred charges and accrued income | 490/1 | €6,164 | €5,543 | -€620 | -10.1% |
| Total equity and liabilities | 10/49 | €1,260,234 | €1,225,087 | -€35,148 | -2.8% |
| Equity | 10/15 | €174,844 | €104,966 | -€69,878 | -40.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €169,844 | €99,966 | -€69,878 | -41.1% |
| Distributable reserves | 133 | €169,844 | €99,966 | -€69,878 | -41.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,085,390 | €1,120,121 | +€34,731 | +3.2% |
| Amounts payable after more than one year | 17 | €942,350 | €862,348 | -€80,003 | -8.5% |
| Financial debts | 170/4 | €942,350 | €862,348 | -€80,003 | -8.5% |
| Amounts payable within one year | 42/48 | €142,814 | €257,773 | +€114,959 | +80.5% |
| Current portion of amounts payable after more than one year | 42 | €89,658 | €80,003 | -€9,655 | -10.8% |
| Trade debts | 44 | €31,221 | €19,436 | -€11,785 | -37.7% |
| Suppliers | 440/4 | €31,221 | €19,436 | -€11,785 | -37.7% |
| Advances received on contracts in progress | 46 | €15,250 | €16,456 | +€1,206 | +7.9% |
| Taxes, remuneration and social security | 45 | €6,507 | €10,887 | +€4,380 | +67.3% |
| Taxes | 450/3 | €2,198 | €7,173 | +€4,974 | +226.3% |
| Remuneration and social security | 454/9 | €4,309 | €3,714 | -€594 | -13.8% |
| Other amounts payable | 47/48 | €178 | €130,992 | +€130,813 | +73305.3% |
| Accrued charges and deferred income | 492/3 | €225 | €0 | -€225 | -100.0% |
| Remuneration, social security and pensions | 62 | €13,429 | €28,892 | +€15,463 | +115.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,463 | €78,385 | -€85,078 | -52.0% |
| Other operating charges | 640/8 | €6,590 | €14,236 | +€7,646 | +116.0% |
| Gross operating margin | 9900 | €245,487 | €273,377 | +€27,890 | +11.4% |
| Operating profit (loss) | 9901 | €62,005 | €151,865 | +€89,859 | +144.9% |
| Financial income | 75/76B | €2,422 | €845 | -€1,578 | -65.1% |
| Recurring financial income | 75 | €2,422 | €845 | -€1,578 | -65.1% |
| Financial charges | 65/66B | €9,456 | €24,077 | +€14,621 | +154.6% |
| Recurring financial charges | 65 | €9,456 | €24,077 | +€14,621 | +154.6% |
| Profit (loss) for the period before taxes | 9903 | €54,971 | €128,632 | +€73,661 | +134.0% |
| Income taxes | 67/77 | €12,812 | €28,666 | +€15,855 | +123.7% |
| Profit (loss) for the period | 9904 | €42,159 | €99,966 | +€57,806 | +137.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,159 | €99,966 | +€57,806 | +137.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.