NIRETA: 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.
NIRETA
Largest movements
- Receivables within one year -€19,060
down €19,060 (-78.6%), from €24,260 to €5,200
of which Other amounts receivable: -€18,002
- Cash +€9,658
up €9,658 (+52.7%), from €18,337 to €27,995
mainly Receivables within one year (+€19,060) and Other debts (+€15,594)
- Tangible fixed assets -€4,469
down €4,469 (-1.8%), from €253,513 to €249,044
of which Land and buildings: -€8,239
- Profit (loss) carried forward -€25,876
down €25,876 (-37.8%), from €68,504 to €42,628
- Other debts +€15,594
up €15,594 (+154.6%), from €10,088 to €25,683
- Debts after one year -€9,035
down €9,035 (-4.3%), from €208,361 to €199,326
- Short-term financial debts +€3,714
new in 2025: €3,714
- Gross operating margin -€12,882
down €12,882 (-20.4%), from €63,021 to €50,139
- Depreciation +€1,221
up €1,221 (+9.6%), from €12,725 to €13,946
- Other operating charges +€960
up €960 (+75.7%), from €1,267 to €2,226
- Financial charges +€815
up €815 (+10.7%), from €7,585 to €8,400
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 | €300,544 | €286,481 | -€14,063 | -4.7% |
| Fixed assets | 21/28 | €253,513 | €249,044 | -€4,469 | -1.8% |
| Tangible fixed assets | 22/27 | €253,513 | €249,044 | -€4,469 | -1.8% |
| Land and buildings | 22 | €215,344 | €207,105 | -€8,239 | -3.8% |
| Plant, machinery and equipment | 23 | €35,806 | €40,175 | +€4,369 | +12.2% |
| Furniture and vehicles | 24 | €974 | €754 | -€220 | -22.6% |
| Other tangible fixed assets | 26 | €1,389 | €1,010 | -€379 | -27.3% |
| Current assets | 29/58 | €47,031 | €37,437 | -€9,594 | -20.4% |
| Amounts receivable within one year | 40/41 | €24,260 | €5,200 | -€19,060 | -78.6% |
| Trade receivables | 40 | €1,057 | - | -€1,057 | |
| Other amounts receivable | 41 | €23,202 | €5,200 | -€18,002 | -77.6% |
| Cash at bank and in hand | 54/58 | €18,337 | €27,995 | +€9,658 | +52.7% |
| Deferred charges and accrued income | 490/1 | €4,434 | €4,242 | -€192 | -4.3% |
| Total equity and liabilities | 10/49 | €300,544 | €286,481 | -€14,063 | -4.7% |
| Equity | 10/15 | €71,504 | €45,628 | -€25,876 | -36.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,504 | €42,628 | -€25,876 | -37.8% |
| Amounts payable | 17/49 | €229,040 | €240,853 | +€11,813 | +5.2% |
| Amounts payable after more than one year | 17 | €208,361 | €199,326 | -€9,035 | -4.3% |
| Financial debts | 170/4 | €208,361 | €199,326 | -€9,035 | -4.3% |
| Amounts payable within one year | 42/48 | €20,678 | €41,190 | +€20,512 | +99.2% |
| Current portion of amounts payable after more than one year | 42 | €8,739 | €9,035 | +€296 | +3.4% |
| Financial debts | 43 | - | €3,714 | +€3,714 | |
| Credit institutions | 430/8 | - | €3,714 | +€3,714 | |
| Trade debts | 44 | €1,851 | €2,759 | +€908 | +49.1% |
| Suppliers | 440/4 | €1,851 | €2,759 | +€908 | +49.1% |
| Other amounts payable | 47/48 | €10,088 | €25,683 | +€15,594 | +154.6% |
| Accrued charges and deferred income | 492/3 | - | €336 | +€336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,725 | €13,946 | +€1,221 | +9.6% |
| Other operating charges | 640/8 | €1,267 | €2,226 | +€960 | +75.7% |
| Non-recurring operating charges | 66A | - | €4,783 | +€4,783 | |
| Gross operating margin | 9900 | €63,021 | €50,139 | -€12,882 | -20.4% |
| Operating profit (loss) | 9901 | €49,029 | €29,183 | -€19,846 | -40.5% |
| Financial income | 75/76B | €44 | €141 | +€96 | +217.8% |
| Recurring financial income | 75 | €44 | €141 | +€96 | +217.8% |
| Financial charges | 65/66B | €7,585 | €8,400 | +€815 | +10.7% |
| Recurring financial charges | 65 | €7,585 | €8,400 | +€815 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €41,488 | €20,924 | -€20,564 | -49.6% |
| Income taxes | 67/77 | €6,939 | €6,800 | -€139 | -2.0% |
| Profit (loss) for the period | 9904 | €34,549 | €14,124 | -€20,425 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,549 | €14,124 | -€20,425 | -59.1% |
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 7 October 2026 via checked.be.