Nirelis: 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.
Nirelis
Largest movements
- Cash -€16,339
down €16,339 (-26.9%), from €60,716 to €44,377
mainly Contributions, distributions and other (-€61,729) and Current portion of long-term debt (-€4,720)
- Receivables within one year +€3,047
up €3,047 (+16.4%), from €18,605 to €21,653
of which Trade receivables: +€2,410
- Tangible fixed assets -€2,372
down €2,372 (-12.6%), from €18,786 to €16,413
of which Plant, machinery and equipment: -€1,965
- Reserves -€21,024
down €21,024 (-78.7%), from €26,729 to €5,705
- Other debts +€12,682
up €12,682 (+35.9%), from €35,294 to €47,977
- Current portion of long-term debt -€4,720
no longer reported in 2025 (was €4,720)
- Trade debts -€2,393
down €2,393 (-36.0%), from €6,653 to €4,260
- Financial income -€7,744
down €7,744 (-98.7%), from €7,843 to €99
- Financial charges +€3,707
up €3,707 (+290.9%), from €1,274 to €4,981
- Gross operating margin +€1,839
up €1,839 (+3.0%), from €62,073 to €63,912
- Taxes -€1,349
down €1,349 (-10.6%), from €12,732 to €11,383
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 | €101,546 | €85,704 | -€15,842 | -15.6% |
| Fixed assets | 21/28 | €18,786 | €16,413 | -€2,372 | -12.6% |
| Tangible fixed assets | 22/27 | €18,786 | €16,413 | -€2,372 | -12.6% |
| Plant, machinery and equipment | 23 | €7,316 | €5,351 | -€1,965 | -26.9% |
| Furniture and vehicles | 24 | - | €1,040 | +€1,040 | |
| Other tangible fixed assets | 26 | €11,470 | €10,022 | -€1,447 | -12.6% |
| Current assets | 29/58 | €82,761 | €69,291 | -€13,470 | -16.3% |
| Amounts receivable within one year | 40/41 | €18,605 | €21,653 | +€3,047 | +16.4% |
| Trade receivables | 40 | €17,593 | €20,003 | +€2,410 | +13.7% |
| Other amounts receivable | 41 | €1,013 | €1,649 | +€637 | +62.9% |
| Cash at bank and in hand | 54/58 | €60,716 | €44,377 | -€16,339 | -26.9% |
| Deferred charges and accrued income | 490/1 | €3,439 | €3,262 | -€178 | -5.2% |
| Total equity and liabilities | 10/49 | €101,546 | €85,704 | -€15,842 | -15.6% |
| Equity | 10/15 | €45,329 | €24,305 | -€21,024 | -46.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,729 | €5,705 | -€21,024 | -78.7% |
| Distributable reserves | 133 | €26,729 | €5,705 | -€21,024 | -78.7% |
| Amounts payable | 17/49 | €56,217 | €61,399 | +€5,182 | +9.2% |
| Amounts payable within one year | 42/48 | €56,217 | €61,399 | +€5,182 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €4,720 | - | -€4,720 | |
| Trade debts | 44 | €6,653 | €4,260 | -€2,393 | -36.0% |
| Suppliers | 440/4 | €6,653 | €4,260 | -€2,393 | -36.0% |
| Advances received on contracts in progress | 46 | - | €9 | +€9 | |
| Taxes, remuneration and social security | 45 | €9,550 | €9,154 | -€396 | -4.2% |
| Taxes | 450/3 | €9,550 | €9,154 | -€396 | -4.2% |
| Other amounts payable | 47/48 | €35,294 | €47,977 | +€12,682 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,577 | €6,190 | -€387 | -5.9% |
| Other operating charges | 640/8 | €1,377 | €752 | -€625 | -45.4% |
| Gross operating margin | 9900 | €62,073 | €63,912 | +€1,839 | +3.0% |
| Operating profit (loss) | 9901 | €54,119 | €56,970 | +€2,851 | +5.3% |
| Financial income | 75/76B | €7,843 | €99 | -€7,744 | -98.7% |
| Recurring financial income | 75 | €7,843 | €99 | -€7,744 | -98.7% |
| Financial charges | 65/66B | €1,274 | €4,981 | +€3,707 | +290.9% |
| Recurring financial charges | 65 | €1,274 | €4,981 | +€3,707 | +290.9% |
| Profit (loss) for the period before taxes | 9903 | €60,688 | €52,088 | -€8,600 | -14.2% |
| Income taxes | 67/77 | €12,732 | €11,383 | -€1,349 | -10.6% |
| Profit (loss) for the period | 9904 | €47,956 | €40,705 | -€7,250 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,956 | €40,705 | -€7,250 | -15.1% |
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 8 October 2026 via checked.be.