NIOLA: 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.
NIOLA
Largest movements
- Cash +€67,065
up €67,065 (+31.6%), from €212,169 to €279,234
mainly Other debts (+€103,127) and Net result for the year (+€101,198)
- Deferred charges and accrued income -€12,323
down €12,323 (-87.7%), from €14,056 to €1,733
- Receivables within one year -€11,633
down €11,633 (-34.8%), from €33,473 to €21,841
- Other debts +€103,127
up €103,127 (+80.5%), from €128,167 to €231,294
- Reserves -€51,864
down €51,864 (-41.2%), from €125,746 to €73,883
- Trade debts -€6,580
down €6,580 (-82.4%), from €7,983 to €1,403
- Gross operating margin +€51,060
up €51,060 (+63.5%), from €80,385 to €131,445
- Taxes +€11,633
up €11,633 (+70.4%), from €16,527 to €28,159
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 | €261,896 | €306,579 | +€44,683 | +17.1% |
| Fixed assets | 21/28 | €2,197 | €3,772 | +€1,574 | +71.6% |
| Tangible fixed assets | 22/27 | €2,167 | €3,742 | +€1,574 | +72.6% |
| Furniture and vehicles | 24 | €2,167 | €3,742 | +€1,574 | +72.6% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €259,698 | €302,807 | +€43,109 | +16.6% |
| Amounts receivable within one year | 40/41 | €33,473 | €21,841 | -€11,633 | -34.8% |
| Other amounts receivable | 41 | €33,473 | €21,841 | -€11,633 | -34.8% |
| Cash at bank and in hand | 54/58 | €212,169 | €279,234 | +€67,065 | +31.6% |
| Deferred charges and accrued income | 490/1 | €14,056 | €1,733 | -€12,323 | -87.7% |
| Total equity and liabilities | 10/49 | €261,896 | €306,579 | +€44,683 | +17.1% |
| Equity | 10/15 | €125,746 | €73,883 | -€51,864 | -41.2% |
| Reserves | 13 | €125,746 | €73,883 | -€51,864 | -41.2% |
| Distributable reserves | 133 | €125,746 | €73,883 | -€51,864 | -41.2% |
| Amounts payable | 17/49 | €136,149 | €232,696 | +€96,547 | +70.9% |
| Amounts payable within one year | 42/48 | €136,149 | €232,696 | +€96,547 | +70.9% |
| Trade debts | 44 | €7,983 | €1,403 | -€6,580 | -82.4% |
| Suppliers | 440/4 | €7,983 | €1,403 | -€6,580 | -82.4% |
| Other amounts payable | 47/48 | €128,167 | €231,294 | +€103,127 | +80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321 | €1,410 | +€1,088 | +338.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €80,385 | €131,445 | +€51,060 | +63.5% |
| Operating profit (loss) | 9901 | €79,677 | €129,635 | +€49,959 | +62.7% |
| Financial charges | 65/66B | €227 | €278 | +€51 | +22.5% |
| Recurring financial charges | 65 | €227 | €278 | +€51 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €79,450 | €129,357 | +€49,908 | +62.8% |
| Income taxes | 67/77 | €16,527 | €28,159 | +€11,633 | +70.4% |
| Profit (loss) for the period | 9904 | €62,923 | €101,198 | +€38,275 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,923 | €101,198 | +€38,275 | +60.8% |
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 10 October 2026 via checked.be.