NIQUEL: 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.
NIQUEL
Largest movements
- Tangible fixed assets -€4,578
down €4,578 (-50.7%), from €9,036 to €4,458
of which Furniture and vehicles: -€4,177
- Receivables within one year +€4,493
up €4,493 (+58.7%), from €7,649 to €12,142
of which Other amounts receivable: +€2,493
- Cash +€683
up €683 (+10.3%), from €6,604 to €7,286
mainly Net result for the year (+€8,953) and Depreciation (+€5,007)
- Reserves +€8,952
new in 2025: €8,952
- Trade debts -€6,143
down €6,143 (-92.8%), from €6,619 to €476
- Current portion of long-term debt -€2,239
down €2,239 (-91.6%), from €2,444 to €205
- Gross operating margin +€18,926
up €18,926 (+18,794%), from €101 to €19,027
- Taxes +€4,324
new in 2025: €4,324
- Depreciation +€2,459
up €2,459 (+96.6%), from €2,547 to €5,007
- Financial income -€887
no longer reported in 2025 (was €887)
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 | €23,289 | €23,886 | +€598 | +2.6% |
| Fixed assets | 21/28 | €9,036 | €4,458 | -€4,578 | -50.7% |
| Tangible fixed assets | 22/27 | €9,036 | €4,458 | -€4,578 | -50.7% |
| Plant, machinery and equipment | 23 | €631 | €229 | -€401 | -63.6% |
| Furniture and vehicles | 24 | €8,405 | €4,229 | -€4,177 | -49.7% |
| Current assets | 29/58 | €14,253 | €19,428 | +€5,175 | +36.3% |
| Amounts receivable within one year | 40/41 | €7,649 | €12,142 | +€4,493 | +58.7% |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | €7,649 | €10,142 | +€2,493 | +32.6% |
| Cash at bank and in hand | 54/58 | €6,604 | €7,286 | +€683 | +10.3% |
| Total equity and liabilities | 10/49 | €23,289 | €23,886 | +€598 | +2.6% |
| Equity | 10/15 | €13,329 | €22,282 | +€8,953 | +67.2% |
| Contributions | 10/11 | €7,425 | €7,425 | = | 0.0% |
| Reserves | 13 | - | €8,952 | +€8,952 | |
| Distributable reserves | 133 | - | €8,952 | +€8,952 | |
| Profit (loss) carried forward | 14 | €5,904 | €5,905 | +€1 | 0.0% |
| Amounts payable | 17/49 | €9,959 | €1,604 | -€8,355 | -83.9% |
| Amounts payable after more than one year | 17 | €205 | - | -€205 | |
| Financial debts | 170/4 | €205 | - | -€205 | |
| Amounts payable within one year | 42/48 | €9,755 | €1,604 | -€8,151 | -83.6% |
| Current portion of amounts payable after more than one year | 42 | €2,444 | €205 | -€2,239 | -91.6% |
| Trade debts | 44 | €6,619 | €476 | -€6,143 | -92.8% |
| Suppliers | 440/4 | €6,619 | €476 | -€6,143 | -92.8% |
| Taxes, remuneration and social security | 45 | €692 | €924 | +€232 | +33.5% |
| Taxes | 450/3 | €692 | €924 | +€232 | +33.5% |
| Remuneration, social security and pensions | 62 | €32 | €12 | -€20 | -63.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,547 | €5,007 | +€2,459 | +96.6% |
| Other operating charges | 640/8 | €693 | €634 | -€59 | -8.5% |
| Gross operating margin | 9900 | €101 | €19,027 | +€18,926 | +18,794% |
| Operating profit (loss) | 9901 | -€3,171 | €13,375 | +€16,546 | |
| Financial income | 75/76B | €887 | - | -€887 | |
| Recurring financial income | 75 | €887 | - | -€887 | |
| Financial charges | 65/66B | €130 | €98 | -€31 | -24.2% |
| Recurring financial charges | 65 | €130 | €98 | -€31 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,413 | €13,277 | +€15,690 | |
| Income taxes | 67/77 | - | €4,324 | +€4,324 | |
| Profit (loss) for the period | 9904 | -€2,413 | €8,953 | +€11,366 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,413 | €8,953 | +€11,366 |
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 14 October 2026 via checked.be.