NIREM: what changed
NIREM
Largest movements
- Tangible fixed assets -€48,907
down €48,907 (-63.2%), from €77,436 to €28,529
- Receivables within one year +€42,569
up €42,569 (+152%), from €28,044 to €70,613
of which Trade receivables: +€52,569
- Financial fixed assets +€20,374
up €20,374 (+37.2%), from €54,770 to €75,144
- Cash -€8,269
down €8,269 (-63.3%), from €13,061 to €4,793
mainly Receivables within one year (-€42,569) and Investment in fixed assets (net) (-€20,374)
- Debts after one year -€12,887
down €12,887 (-74.5%), from €17,292 to €4,405
- Trade debts +€12,048
up €12,048 (+204%), from €5,908 to €17,956
- Profit (loss) carried forward +€6,464
up €6,464 (+134%), from €4,824 to €11,288
- Tax, wage and social debts -€5,534
down €5,534 (-32.0%), from €17,274 to €11,740
of which Taxes: -€4,796
- Other debts +€5,458
up €5,458 (+9.0%), from €60,665 to €66,123
- Taxes +€12,584
up €12,584 (+212%), from €5,936 to €18,520
- Depreciation +€9,474
up €9,474 (+24.0%), from €39,433 to €48,907
- Gross operating margin +€8,078
up €8,078 (+7.0%), from €115,571 to €123,649
- Staff costs +€2,253
up €2,253 (+4.9%), from €45,656 to €47,909
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,369 | €181,399 | +€6,029 | +3.4% |
| Fixed assets | 21/28 | €132,206 | €103,673 | -€28,533 | -21.6% |
| Tangible fixed assets | 22/27 | €77,436 | €28,529 | -€48,907 | -63.2% |
| Plant, machinery and equipment | 23 | €77,436 | €28,529 | -€48,907 | -63.2% |
| Financial fixed assets | 28 | €54,770 | €75,144 | +€20,374 | +37.2% |
| Current assets | 29/58 | €43,163 | €77,726 | +€34,562 | +80.1% |
| Amounts receivable within one year | 40/41 | €28,044 | €70,613 | +€42,569 | +152% |
| Trade receivables | 40 | €18,044 | €70,613 | +€52,569 | +291% |
| Other amounts receivable | 41 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €13,061 | €4,793 | -€8,269 | -63.3% |
| Deferred charges and accrued income | 490/1 | €2,057 | €2,320 | +€262 | +12.7% |
| Total equity and liabilities | 10/49 | €175,369 | €181,399 | +€6,029 | +3.4% |
| Equity | 10/15 | €61,824 | €68,288 | +€6,464 | +10.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Revaluation surpluses | 12 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,824 | €11,288 | +€6,464 | +134% |
| Amounts payable | 17/49 | €113,546 | €113,111 | -€435 | -0.4% |
| Amounts payable after more than one year | 17 | €17,292 | €4,405 | -€12,887 | -74.5% |
| Financial debts | 170/4 | €17,292 | €4,405 | -€12,887 | -74.5% |
| Amounts payable within one year | 42/48 | €96,254 | €108,705 | +€12,452 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €12,407 | €12,887 | +€480 | +3.9% |
| Trade debts | 44 | €5,908 | €17,956 | +€12,048 | +204% |
| Suppliers | 440/4 | €5,908 | €17,956 | +€12,048 | +204% |
| Taxes, remuneration and social security | 45 | €17,274 | €11,740 | -€5,534 | -32.0% |
| Taxes | 450/3 | €7,634 | €2,838 | -€4,796 | -62.8% |
| Remuneration and social security | 454/9 | €9,640 | €8,902 | -€738 | -7.7% |
| Other amounts payable | 47/48 | €60,665 | €66,123 | +€5,458 | +9.0% |
| Remuneration, social security and pensions | 62 | €45,656 | €47,909 | +€2,253 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,433 | €48,907 | +€9,474 | +24.0% |
| Other operating charges | 640/8 | €3,204 | €3,261 | +€57 | +1.8% |
| Gross operating margin | 9900 | €115,571 | €123,649 | +€8,078 | +7.0% |
| Operating profit (loss) | 9901 | €27,277 | €23,572 | -€3,705 | -13.6% |
| Financial income | 75/76B | €4,240 | €4,124 | -€116 | -2.7% |
| Recurring financial income | 75 | €4,240 | €4,124 | -€116 | -2.7% |
| Financial charges | 65/66B | €3,316 | €2,712 | -€604 | -18.2% |
| Recurring financial charges | 65 | €3,316 | €2,712 | -€604 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €28,201 | €24,984 | -€3,217 | -11.4% |
| Income taxes | 67/77 | €5,936 | €18,520 | +€12,584 | +212% |
| Profit (loss) for the period | 9904 | €22,265 | €6,464 | -€15,801 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,265 | €6,464 | -€15,801 | -71.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.