NIO Belgium: 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.
NIO Belgium
Largest movements
- Tangible fixed assets -€91,811
down €91,811 (-9.6%), from €953,870 to €862,059
of which Plant, machinery and equipment: -€69,543
- Receivables within one year -€51,828
down €51,828 (-74.3%), from €69,750 to €17,922
of which Other amounts receivable: -€33,200
- Cash -€45,889
down €45,889 (-47.3%), from €96,941 to €51,052
mainly Net result for the year (-€1.1m) and Investment in fixed assets (net) (-€28,582)
- Profit (loss) carried forward -€1.1m
down €1.1m (-34.4%), from -€3.1m to -€4.2m
- Other debts +€861,688
up €861,688 (+20.7%), from €4.2m to €5.0m
- Tax, wage and social debts +€18,164
up €18,164 (+16.3%), from €111,272 to €129,436
of which Remuneration and social security: +€18,144
- Other operating charges -€847,231
down €847,231 (-99.1%), from €854,723 to €7,492
- Gross operating margin +€188,328
up €188,328 (+62.3%), from -€302,397 to -€114,069
- Financial charges +€105,992
up €105,992 (+248%), from €42,677 to €148,669
- Depreciation +€97,475
up €97,475 (+425%), from €22,919 to €120,394
- Staff costs +€92,337
up €92,337 (+15.5%), from €595,613 to €687,949
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 | €1,145,460 | €955,932 | -€189,528 | -16.5% |
| Fixed assets | 21/28 | €978,769 | €886,958 | -€91,811 | -9.4% |
| Tangible fixed assets | 22/27 | €953,870 | €862,059 | -€91,811 | -9.6% |
| Plant, machinery and equipment | 23 | €818,319 | €748,776 | -€69,543 | -8.5% |
| Furniture and vehicles | 24 | €135,551 | €113,283 | -€22,269 | -16.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €24,899 | €24,899 | = | 0.0% |
| Current assets | 29/58 | €166,690 | €68,974 | -€97,717 | -58.6% |
| Amounts receivable within one year | 40/41 | €69,750 | €17,922 | -€51,828 | -74.3% |
| Trade receivables | 40 | €18,778 | €150 | -€18,628 | -99.2% |
| Other amounts receivable | 41 | €50,972 | €17,772 | -€33,200 | -65.1% |
| Cash at bank and in hand | 54/58 | €96,941 | €51,052 | -€45,889 | -47.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,145,460 | €955,932 | -€189,528 | -16.5% |
| Equity | 10/15 | -€3,127,554 | -€4,204,722 | -€1.1m | -34.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,132,554 | -€4,209,722 | -€1.1m | -34.4% |
| Amounts payable | 17/49 | €4,273,014 | €5,160,654 | +€887,640 | +20.8% |
| Amounts payable within one year | 42/48 | €4,273,014 | €5,160,654 | +€887,640 | +20.8% |
| Trade debts | 44 | €8,872 | €16,660 | +€7,788 | +87.8% |
| Suppliers | 440/4 | €8,872 | €16,660 | +€7,788 | +87.8% |
| Taxes, remuneration and social security | 45 | €111,272 | €129,436 | +€18,164 | +16.3% |
| Taxes | 450/3 | €31,651 | €31,671 | +€20 | +0.1% |
| Remuneration and social security | 454/9 | €79,621 | €97,765 | +€18,144 | +22.8% |
| Other amounts payable | 47/48 | €4,152,870 | €5,014,558 | +€861,688 | +20.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €595,613 | €687,949 | +€92,337 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,919 | €120,394 | +€97,475 | +425% |
| Other operating charges | 640/8 | €854,723 | €7,492 | -€847,231 | -99.1% |
| Non-recurring operating charges | 66A | €319,217 | €0 | -€319,217 | -100% |
| Gross operating margin | 9900 | -€302,397 | -€114,069 | +€188,328 | +62.3% |
| Operating profit (loss) | 9901 | -€2,094,868 | -€929,903 | +€1.2m | +55.6% |
| Financial income | 75/76B | €10,136 | €1,462 | -€8,674 | -85.6% |
| Recurring financial income | 75 | €10,136 | €1,462 | -€8,674 | -85.6% |
| Financial charges | 65/66B | €42,677 | €148,669 | +€105,992 | +248% |
| Recurring financial charges | 65 | €42,677 | €148,669 | +€105,992 | +248% |
| Profit (loss) for the period before taxes | 9903 | -€2,127,409 | -€1,077,111 | +€1.1m | +49.4% |
| Income taxes | 67/77 | €147 | €56 | -€90 | -61.6% |
| Profit (loss) for the period | 9904 | -€2,127,556 | -€1,077,168 | +€1.1m | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,127,556 | -€1,077,168 | +€1.1m | +49.4% |
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 24 October 2026 via checked.be.