NIPA CONSULT: 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.
NIPA CONSULT
Largest movements
- Tangible fixed assets +€47,188
up €47,188 (+11214.8%), from €421 to €47,608
of which Land and buildings: +€33,755
- Receivables within one year -€9,147
down €9,147 (-52.2%), from €17,526 to €8,378
of which Trade receivables: -€9,147
- Cash +€5,794
up €5,794 (+17.3%), from €33,429 to €39,223
mainly Provisions (+€35,164) and Debts after one year (+€24,205)
- Provisions +€35,164
new in 2025: €35,164
- Debts after one year +€24,205
new in 2025: €24,205
- Profit (loss) carried forward -€23,145
down €23,145 (-61.2%), from €37,847 to €14,701
- Tax, wage and social debts +€6,712
up €6,712 (+140.3%), from €4,785 to €11,497
- Current portion of long-term debt +€2,247
new in 2025: €2,247
- Provisions +€35,164
new in 2025: €35,164
- Gross operating margin -€9,458
down €9,458 (-29.4%), from €32,115 to €22,657
- Other operating charges -€3,237
no longer reported in 2025 (was €3,237)
- Financial charges +€1,015
up €1,015 (+70.4%), from €1,441 to €2,457
- Taxes -€574
down €574 (-8.3%), from €6,943 to €6,369
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 | €52,489 | €96,484 | +€43,995 | +83.8% |
| Fixed assets | 21/28 | €421 | €47,608 | +€47,188 | +11214.8% |
| Tangible fixed assets | 22/27 | €421 | €47,608 | +€47,188 | +11214.8% |
| Land and buildings | 22 | - | €33,755 | +€33,755 | |
| Plant, machinery and equipment | 23 | €421 | €598 | +€177 | +42.1% |
| Other tangible fixed assets | 26 | - | €13,255 | +€13,255 | |
| Current assets | 29/58 | €52,068 | €48,876 | -€3,192 | -6.1% |
| Amounts receivable within one year | 40/41 | €17,526 | €8,378 | -€9,147 | -52.2% |
| Trade receivables | 40 | €17,526 | €8,378 | -€9,147 | -52.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €33,429 | €39,223 | +€5,794 | +17.3% |
| Deferred charges and accrued income | 490/1 | €1,113 | €1,274 | +€161 | +14.5% |
| Total equity and liabilities | 10/49 | €52,489 | €96,484 | +€43,995 | +83.8% |
| Equity | 10/15 | €40,347 | €17,201 | -€23,145 | -57.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,847 | €14,701 | -€23,145 | -61.2% |
| Provisions and deferred taxes | 16 | - | €35,164 | +€35,164 | |
| Provisions for liabilities and charges | 160/5 | - | €35,164 | +€35,164 | |
| Other liabilities and charges | 164/5 | - | €35,164 | +€35,164 | |
| Amounts payable | 17/49 | €12,142 | €44,119 | +€31,977 | +263.3% |
| Amounts payable after more than one year | 17 | - | €24,205 | +€24,205 | |
| Financial debts | 170/4 | - | €24,205 | +€24,205 | |
| Amounts payable within one year | 42/48 | €12,142 | €19,913 | +€7,771 | +64.0% |
| Current portion of amounts payable after more than one year | 42 | - | €2,247 | +€2,247 | |
| Trade debts | 44 | €1,081 | €586 | -€495 | -45.8% |
| Suppliers | 440/4 | €1,081 | €586 | -€495 | -45.8% |
| Taxes, remuneration and social security | 45 | €4,785 | €11,497 | +€6,712 | +140.3% |
| Taxes | 450/3 | €4,785 | €11,497 | +€6,712 | +140.3% |
| Other amounts payable | 47/48 | €6,276 | €5,584 | -€692 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,356 | €1,882 | +€527 | +38.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €35,164 | +€35,164 | |
| Other operating charges | 640/8 | €3,237 | - | -€3,237 | |
| Gross operating margin | 9900 | €32,115 | €22,657 | -€9,458 | -29.4% |
| Operating profit (loss) | 9901 | €27,522 | -€14,389 | -€41,911 | |
| Financial income | 75/76B | €3 | €70 | +€67 | +2429.1% |
| Recurring financial income | 75 | €3 | €70 | +€67 | +2429.1% |
| Financial charges | 65/66B | €1,441 | €2,457 | +€1,015 | +70.4% |
| Recurring financial charges | 65 | €1,441 | €2,457 | +€1,015 | +70.4% |
| Profit (loss) for the period before taxes | 9903 | €26,083 | -€16,776 | -€42,859 | |
| Income taxes | 67/77 | €6,943 | €6,369 | -€574 | -8.3% |
| Profit (loss) for the period | 9904 | €19,140 | -€23,145 | -€42,285 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,140 | -€23,145 | -€42,285 |
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.