NIRI: 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.
NIRI
Largest movements
- Tangible fixed assets +€4,580
up €4,580 (+40.7%), from €11,264 to €15,843
of which Plant, machinery and equipment: +€3,594
- Receivables within one year +€1,418
up €1,418 (+91.7%), from €1,546 to €2,965
of which Other amounts receivable: +€862
- Cash +€674
up €674 (+13.6%), from €4,957 to €5,631
mainly Trade debts (+€5,325) and Depreciation (+€4,949)
- Trade debts +€5,325
up €5,325 (+741.7%), from €718 to €6,043
- Tax, wage and social debts -€4,543
down €4,543 (-38.3%), from €11,864 to €7,321
of which Taxes: -€2,954
- Accrued charges and deferred income +€2,500
up €2,500 (+82.7%), from €3,022 to €5,522
- Profit (loss) carried forward +€2,059
up €2,059 (+3.8%), from -€54,700 to -€52,641
- Other debts +€1,326
up €1,326 (+3.2%), from €40,872 to €42,198
- Staff costs -€40,598
down €40,598 (-90.8%), from €44,703 to €4,104
- Gross operating margin -€32,199
down €32,199 (-62.2%), from €51,799 to €19,600
- Other operating charges +€6,425
up €6,425 (+325.1%), from €1,976 to €8,401
- Depreciation +€1,716
up €1,716 (+53.1%), from €3,232 to €4,949
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 | €29,277 | €35,943 | +€6,666 | +22.8% |
| Fixed assets | 21/28 | €11,264 | €15,843 | +€4,580 | +40.7% |
| Tangible fixed assets | 22/27 | €11,264 | €15,843 | +€4,580 | +40.7% |
| Plant, machinery and equipment | 23 | €8,881 | €12,476 | +€3,594 | +40.5% |
| Furniture and vehicles | 24 | €2,383 | €1,795 | -€587 | -24.7% |
| Other tangible fixed assets | 26 | - | €1,573 | +€1,573 | |
| Current assets | 29/58 | €18,013 | €20,100 | +€2,087 | +11.6% |
| Stocks and contracts in progress | 3 | €11,322 | €11,322 | = | 0.0% |
| Stocks | 30/36 | €11,322 | €11,322 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,546 | €2,965 | +€1,418 | +91.7% |
| Trade receivables | 40 | €175 | €732 | +€557 | +318.1% |
| Other amounts receivable | 41 | €1,371 | €2,233 | +€862 | +62.9% |
| Cash at bank and in hand | 54/58 | €4,957 | €5,631 | +€674 | +13.6% |
| Deferred charges and accrued income | 490/1 | €188 | €182 | -€6 | -3.0% |
| Total equity and liabilities | 10/49 | €29,277 | €35,943 | +€6,666 | +22.8% |
| Equity | 10/15 | -€39,700 | -€37,641 | +€2,059 | +5.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,700 | -€52,641 | +€2,059 | +3.8% |
| Amounts payable | 17/49 | €68,977 | €73,584 | +€4,607 | +6.7% |
| Amounts payable after more than one year | 17 | €12,500 | €12,500 | = | 0.0% |
| Financial debts | 170/4 | €12,500 | €12,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €53,455 | €55,562 | +€2,107 | +3.9% |
| Trade debts | 44 | €718 | €6,043 | +€5,325 | +741.7% |
| Suppliers | 440/4 | €718 | €6,043 | +€5,325 | +741.7% |
| Taxes, remuneration and social security | 45 | €11,864 | €7,321 | -€4,543 | -38.3% |
| Taxes | 450/3 | €6,177 | €3,223 | -€2,954 | -47.8% |
| Remuneration and social security | 454/9 | €5,688 | €4,098 | -€1,590 | -28.0% |
| Other amounts payable | 47/48 | €40,872 | €42,198 | +€1,326 | +3.2% |
| Accrued charges and deferred income | 492/3 | €3,022 | €5,522 | +€2,500 | +82.7% |
| Remuneration, social security and pensions | 62 | €44,703 | €4,104 | -€40,598 | -90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,232 | €4,949 | +€1,716 | +53.1% |
| Other operating charges | 640/8 | €1,976 | €8,401 | +€6,425 | +325.1% |
| Gross operating margin | 9900 | €51,799 | €19,600 | -€32,199 | -62.2% |
| Operating profit (loss) | 9901 | €1,887 | €2,145 | +€258 | +13.7% |
| Financial income | 75/76B | €1 | €1 | +€0 | +23.5% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +23.5% |
| Financial charges | 65/66B | €92 | €87 | -€5 | -5.6% |
| Recurring financial charges | 65 | €92 | €87 | -€5 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €1,796 | €2,059 | +€263 | +14.6% |
| Profit (loss) for the period | 9904 | €1,796 | €2,059 | +€263 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,796 | €2,059 | +€263 | +14.6% |
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 12 October 2026 via checked.be.