NiManagement: 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.
NiManagement
Largest movements
- Receivables within one year -€51,566
down €51,566 (-49.6%), from €104,060 to €52,494
of which Trade receivables: -€55,060
- Other debts +€263,622
up €263,622 (+179.5%), from €146,881 to €410,503
- Profit (loss) carried forward -€178,511
down €178,511 (-99.2%), from €180,007 to €1,495
- Debts after one year -€77,567
down €77,567 (-6.4%), from €1.2m to €1.1m
- Tax, wage and social debts -€33,590
down €33,590 (-44.6%), from €75,360 to €41,769
of which Taxes: -€31,810
- Trade debts -€31,434
down €31,434 (-89.8%), from €35,000 to €3,566
- Other operating charges -€116,382
down €116,382 (-93.5%), from €124,445 to €8,062
- Gross operating margin -€42,802
down €42,802 (-14.8%), from €290,126 to €247,324
- Depreciation +€34,313
up €34,313 (+59.1%), from €58,106 to €92,418
- Financial charges +€17,844
up €17,844 (+47.6%), from €37,513 to €55,357
- Taxes +€4,942
up €4,942 (+32.8%), from €15,058 to €20,000
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 | €1,736,475 | €1,691,577 | -€44,898 | -2.6% |
| Fixed assets | 21/28 | €1,451,335 | €1,458,253 | +€6,919 | +0.5% |
| Tangible fixed assets | 22/27 | €1,451,335 | €1,458,253 | +€6,919 | +0.5% |
| Land and buildings | 22 | €1,330,008 | €1,352,694 | +€22,686 | +1.7% |
| Plant, machinery and equipment | 23 | - | €2,546 | +€2,546 | |
| Furniture and vehicles | 24 | €118,755 | €101,306 | -€17,449 | -14.7% |
| Other tangible fixed assets | 26 | €2,571 | €1,706 | -€865 | -33.6% |
| Current assets | 29/58 | €285,140 | €233,324 | -€51,816 | -18.2% |
| Amounts receivable within one year | 40/41 | €104,060 | €52,494 | -€51,566 | -49.6% |
| Trade receivables | 40 | €104,060 | €49,000 | -€55,060 | -52.9% |
| Other amounts receivable | 41 | - | €3,494 | +€3,494 | |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,162 | €28,493 | +€331 | +1.2% |
| Deferred charges and accrued income | 490/1 | €2,918 | €2,336 | -€582 | -19.9% |
| Total equity and liabilities | 10/49 | €1,736,475 | €1,691,577 | -€44,898 | -2.6% |
| Equity | 10/15 | €185,007 | €6,495 | -€178,511 | -96.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,007 | €1,495 | -€178,511 | -99.2% |
| Amounts payable | 17/49 | €1,551,468 | €1,685,082 | +€133,614 | +8.6% |
| Amounts payable after more than one year | 17 | €1,219,483 | €1,141,916 | -€77,567 | -6.4% |
| Financial debts | 170/4 | €1,219,483 | €1,141,916 | -€77,567 | -6.4% |
| Amounts payable within one year | 42/48 | €331,986 | €533,405 | +€201,420 | +60.7% |
| Current portion of amounts payable after more than one year | 42 | €74,745 | €77,567 | +€2,823 | +3.8% |
| Trade debts | 44 | €35,000 | €3,566 | -€31,434 | -89.8% |
| Suppliers | 440/4 | €35,000 | €3,566 | -€31,434 | -89.8% |
| Taxes, remuneration and social security | 45 | €75,360 | €41,769 | -€33,590 | -44.6% |
| Taxes | 450/3 | €73,168 | €41,358 | -€31,810 | -43.5% |
| Remuneration and social security | 454/9 | €2,192 | €412 | -€1,780 | -81.2% |
| Other amounts payable | 47/48 | €146,881 | €410,503 | +€263,622 | +179.5% |
| Accrued charges and deferred income | 492/3 | - | €9,761 | +€9,761 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,106 | €92,418 | +€34,313 | +59.1% |
| Other operating charges | 640/8 | €124,445 | €8,062 | -€116,382 | -93.5% |
| Gross operating margin | 9900 | €290,126 | €247,324 | -€42,802 | -14.8% |
| Operating profit (loss) | 9901 | €107,576 | €146,844 | +€39,268 | +36.5% |
| Financial income | 75/76B | €819 | €2 | -€817 | -99.8% |
| Recurring financial income | 75 | €819 | €2 | -€817 | -99.8% |
| Financial charges | 65/66B | €37,513 | €55,357 | +€17,844 | +47.6% |
| Recurring financial charges | 65 | €37,513 | €55,357 | +€17,844 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €70,882 | €91,489 | +€20,607 | +29.1% |
| Income taxes | 67/77 | €15,058 | €20,000 | +€4,942 | +32.8% |
| Profit (loss) for the period | 9904 | €55,824 | €71,489 | +€15,665 | +28.1% |
| Transfer from tax-exempt reserves | 789 | €33,680 | - | -€33,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,504 | €71,489 | -€18,015 | -20.1% |
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 10 October 2026 via checked.be.