NILUFER: 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.
NILUFER
Largest movements
- Receivables within one year -€7,846
down €7,846 (-100.0%), from €7,846 to €1
of which Trade receivables: -€7,846
- Cash -€986
down €986 (-59.3%), from €1,663 to €677
mainly Tax, wage and social debts (-€11,666) and Other debts (-€1,753)
- Deferred charges and accrued income +€292
up €292 (+34.9%), from €837 to €1,129
- Stocks and contracts -€177
down €177 (-5.0%), from €3,521 to €3,345
- Tax, wage and social debts -€11,666
down €11,666 (-53.6%), from €21,764 to €10,099
of which Remuneration and social security: -€11,780
- Profit (loss) carried forward +€4,532
up €4,532 (+6.9%), from -€66,153 to -€61,621
- Other debts -€1,753
down €1,753 (-4.0%), from €43,400 to €41,647
- Trade debts +€170
up €170 (+3.9%), from €4,394 to €4,564
- Staff costs -€11,669
down €11,669 (-66.7%), from €17,504 to €5,834
- Gross operating margin -€5,810
down €5,810 (-34.2%), from €16,980 to €11,170
- Other operating charges +€421
new in 2025: €421
- Financial charges +€338
up €338 (+750.6%), from €45 to €383
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 | €13,867 | €5,151 | -€8,716 | -62.9% |
| Current assets | 29/58 | €13,867 | €5,151 | -€8,716 | -62.9% |
| Stocks and contracts in progress | 3 | €3,521 | €3,345 | -€177 | -5.0% |
| Stocks | 30/36 | €3,521 | €3,345 | -€177 | -5.0% |
| Amounts receivable within one year | 40/41 | €7,846 | €1 | -€7,846 | -100.0% |
| Trade receivables | 40 | €7,846 | - | -€7,846 | |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €1,663 | €677 | -€986 | -59.3% |
| Deferred charges and accrued income | 490/1 | €837 | €1,129 | +€292 | +34.9% |
| Total equity and liabilities | 10/49 | €13,867 | €5,151 | -€8,716 | -62.9% |
| Equity | 10/15 | -€55,691 | -€51,159 | +€4,532 | +8.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €462 | €462 | = | 0.0% |
| Non-distributable reserves | 130/1 | €462 | €462 | = | 0.0% |
| Reserves not available under the articles | 1311 | €462 | €462 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,153 | -€61,621 | +€4,532 | +6.9% |
| Amounts payable | 17/49 | €69,558 | €56,310 | -€13,248 | -19.0% |
| Amounts payable within one year | 42/48 | €69,558 | €56,310 | -€13,248 | -19.0% |
| Trade debts | 44 | €4,394 | €4,564 | +€170 | +3.9% |
| Suppliers | 440/4 | €4,394 | €4,564 | +€170 | +3.9% |
| Taxes, remuneration and social security | 45 | €21,764 | €10,099 | -€11,666 | -53.6% |
| Taxes | 450/3 | €715 | €830 | +€115 | +16.0% |
| Remuneration and social security | 454/9 | €21,049 | €9,269 | -€11,780 | -56.0% |
| Other amounts payable | 47/48 | €43,400 | €41,647 | -€1,753 | -4.0% |
| Remuneration, social security and pensions | 62 | €17,504 | €5,834 | -€11,669 | -66.7% |
| Other operating charges | 640/8 | - | €421 | +€421 | |
| Gross operating margin | 9900 | €16,980 | €11,170 | -€5,810 | -34.2% |
| Operating profit (loss) | 9901 | -€524 | €4,915 | +€5,439 | |
| Financial charges | 65/66B | €45 | €383 | +€338 | +750.6% |
| Recurring financial charges | 65 | €45 | €383 | +€338 | +750.6% |
| Profit (loss) for the period before taxes | 9903 | -€569 | €4,532 | +€5,101 | |
| Profit (loss) for the period | 9904 | -€569 | €4,532 | +€5,101 | |
| Profit (loss) for the period to be appropriated | 9905 | -€569 | €4,532 | +€5,101 |
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 30 September 2026 via checked.be.