NIRAMORE: what changed
Two fiscal 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.
NIRAMORE
Largest movements
- Financial fixed assets +€715,999
up €715,999 (+2.3%), from €31.0m to €31.7m
- Reserves +€1.9m
up €1.9m (+5.7%), from €33.6m to €35.6m
of which Distributable reserves: +€1.9m
- Other debts -€750,000
no longer reported in 2025 (was €750,000)
- Financial charges -€440,269
down €440,269 (-97.6%), from €451,097 to €10,828
of which Non-recurring financial charges: -€447,871
- Financial income -€343,646
down €343,646 (-54.3%), from €633,308 to €289,662
of which Non-recurring financial income: -€318,067
- Gross operating margin -€142,260
down €142,260 (-7.0%), from €2.0m to €1.9m
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 | €34,896,680 | €36,056,040 | +€1.2m | +3.3% |
| Fixed assets | 21/28 | €30,968,045 | €31,684,044 | +€715,999 | +2.3% |
| Financial fixed assets | 28 | €30,968,045 | €31,684,044 | +€715,999 | +2.3% |
| Current assets | 29/58 | €3,928,635 | €4,371,996 | +€443,361 | +11.3% |
| Amounts receivable within one year | 40/41 | €764,674 | €765,738 | +€1,064 | +0.1% |
| Other amounts receivable | 41 | €764,674 | €765,738 | +€1,064 | +0.1% |
| Current investments | 50/53 | €3,129,608 | €3,335,364 | +€205,756 | +6.6% |
| Cash at bank and in hand | 54/58 | €34,353 | €270,894 | +€236,541 | +688.6% |
| Total equity and liabilities | 10/49 | €34,896,680 | €36,056,040 | +€1.2m | +3.3% |
| Equity | 10/15 | €34,146,680 | €36,056,040 | +€1.9m | +5.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €33,642,000 | €35,551,000 | +€1.9m | +5.7% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €33,592,000 | €35,501,000 | +€1.9m | +5.7% |
| Profit (loss) carried forward | 14 | €4,680 | €5,040 | +€360 | +7.7% |
| Amounts payable | 17/49 | €750,000 | - | -€750,000 | |
| Amounts payable within one year | 42/48 | €750,000 | - | -€750,000 | |
| Other amounts payable | 47/48 | €750,000 | - | -€750,000 | |
| Other operating charges | 640/8 | €52,774 | €67,094 | +€14,320 | +27.1% |
| Gross operating margin | 9900 | €2,030,779 | €1,888,519 | -€142,260 | -7.0% |
| Operating profit (loss) | 9901 | €1,978,006 | €1,821,426 | -€156,580 | -7.9% |
| Financial income | 75/76B | €633,308 | €289,662 | -€343,646 | -54.3% |
| Recurring financial income | 75 | €39,765 | €14,186 | -€25,579 | -64.3% |
| Non-recurring financial income | 76B | €593,543 | €275,476 | -€318,067 | -53.6% |
| Financial charges | 65/66B | €451,097 | €10,828 | -€440,269 | -97.6% |
| Recurring financial charges | 65 | €3,226 | €10,828 | +€7,602 | +235.7% |
| Non-recurring financial charges | 66B | €447,871 | - | -€447,871 | |
| Profit (loss) for the period before taxes | 9903 | €2,160,216 | €2,100,260 | -€59,956 | -2.8% |
| Income taxes | 67/77 | €196,300 | €190,900 | -€5,400 | -2.8% |
| Profit (loss) for the period | 9904 | €1,963,916 | €1,909,360 | -€54,556 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,963,916 | €1,909,360 | -€54,556 | -2.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.