NIREON: 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.
NIREON
Largest movements
- Tangible fixed assets +€41,675
up €41,675 (+6.1%), from €679,650 to €721,324
of which Land and buildings: +€47,164
- Cash +€13,949
up €13,949 (+32.0%), from €43,632 to €57,581
mainly Other debts (+€100,000) and Depreciation (+€48,619)
- Other debts +€100,000
new in 2025: €100,000
- Debts after one year -€42,267
down €42,267 (-7.5%), from €563,655 to €521,388
- Current portion of long-term debt -€8,787
down €8,787 (-18.3%), from €48,013 to €39,226
- Other operating charges +€26,089
up €26,089 (+489%), from €5,338 to €31,427
- Gross operating margin +€13,865
up €13,865 (+13.4%), from €103,677 to €117,542
- Depreciation -€9,268
down €9,268 (-16.0%), from €57,886 to €48,619
- Financial charges +€6,202
up €6,202 (+31.5%), from €19,715 to €25,917
- Taxes +€3,016
up €3,016 (+44.5%), from €6,772 to €9,788
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 | €737,559 | €785,446 | +€47,887 | +6.5% |
| Fixed assets | 21/28 | €679,650 | €721,324 | +€41,675 | +6.1% |
| Tangible fixed assets | 22/27 | €679,650 | €721,324 | +€41,675 | +6.1% |
| Land and buildings | 22 | €650,173 | €697,338 | +€47,164 | +7.3% |
| Plant, machinery and equipment | 23 | €4,825 | €5,495 | +€670 | +13.9% |
| Furniture and vehicles | 24 | €24,651 | €18,492 | -€6,160 | -25.0% |
| Current assets | 29/58 | €57,909 | €64,122 | +€6,213 | +10.7% |
| Amounts receivable within one year | 40/41 | €12,456 | €6,541 | -€5,915 | -47.5% |
| Other amounts receivable | 41 | €12,456 | €6,541 | -€5,915 | -47.5% |
| Cash at bank and in hand | 54/58 | €43,632 | €57,581 | +€13,949 | +32.0% |
| Deferred charges and accrued income | 490/1 | €1,821 | - | -€1,821 | |
| Total equity and liabilities | 10/49 | €737,559 | €785,446 | +€47,887 | +6.5% |
| Equity | 10/15 | €119,370 | €121,180 | +€1,810 | +1.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €48,505 | €50,315 | +€1,810 | +3.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €46,650 | €48,460 | +€1,810 | +3.9% |
| Profit (loss) carried forward | 14 | €58,465 | €58,465 | = | 0.0% |
| Amounts payable | 17/49 | €618,189 | €664,266 | +€46,077 | +7.5% |
| Amounts payable after more than one year | 17 | €563,655 | €521,388 | -€42,267 | -7.5% |
| Financial debts | 170/4 | €563,655 | €521,388 | -€42,267 | -7.5% |
| Amounts payable within one year | 42/48 | €54,534 | €142,878 | +€88,344 | +162% |
| Current portion of amounts payable after more than one year | 42 | €48,013 | €39,226 | -€8,787 | -18.3% |
| Trade debts | 44 | €4,245 | €858 | -€3,387 | -79.8% |
| Suppliers | 440/4 | €4,245 | €858 | -€3,387 | -79.8% |
| Taxes, remuneration and social security | 45 | €2,276 | €2,794 | +€518 | +22.8% |
| Taxes | 450/3 | €1,317 | - | -€1,317 | |
| Remuneration and social security | 454/9 | €959 | €2,794 | +€1,835 | +191% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Non-recurring operating income | 76A | - | €3,040 | +€3,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,886 | €48,619 | -€9,268 | -16.0% |
| Other operating charges | 640/8 | €5,338 | €31,427 | +€26,089 | +489% |
| Gross operating margin | 9900 | €103,677 | €117,542 | +€13,865 | +13.4% |
| Operating profit (loss) | 9901 | €40,452 | €37,496 | -€2,956 | -7.3% |
| Financial income | 75/76B | €496 | €19 | -€477 | -96.1% |
| Recurring financial income | 75 | €496 | €19 | -€477 | -96.1% |
| Financial charges | 65/66B | €19,715 | €25,917 | +€6,202 | +31.5% |
| Recurring financial charges | 65 | €19,715 | €25,917 | +€6,202 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €21,233 | €11,598 | -€9,635 | -45.4% |
| Income taxes | 67/77 | €6,772 | €9,788 | +€3,016 | +44.5% |
| Profit (loss) for the period | 9904 | €14,461 | €1,810 | -€12,651 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,461 | €1,810 | -€12,651 | -87.5% |
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.