NIRI ENGINEERING: 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.
NIRI ENGINEERING
Largest movements
- Cash +€35,205
up €35,205 (+271.7%), from €12,955 to €48,160
mainly Net result for the year (+€55,037) and Receivables within one year (+€15,009)
- Receivables within one year -€15,009
down €15,009 (-43.4%), from €34,568 to €19,559
of which Trade receivables: -€14,999
- Tangible fixed assets -€3,515
down €3,515 (-12.6%), from €27,913 to €24,398
of which Plant, machinery and equipment: -€3,893
- Other debts +€11,695
up €11,695 (+26.4%), from €44,334 to €56,029
- Tax, wage and social debts +€3,624
up €3,624 (+21.3%), from €17,053 to €20,677
- Trade debts +€2,013
up €2,013 (+1077.3%), from €187 to €2,200
- Gross operating margin +€14,729
up €14,729 (+23.0%), from €64,155 to €78,884
- Taxes +€3,282
up €3,282 (+26.8%), from €12,240 to €15,522
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 | €84,602 | €101,927 | +€17,325 | +20.5% |
| Fixed assets | 21/28 | €27,913 | €24,398 | -€3,515 | -12.6% |
| Tangible fixed assets | 22/27 | €27,913 | €24,398 | -€3,515 | -12.6% |
| Plant, machinery and equipment | 23 | €26,632 | €22,739 | -€3,893 | -14.6% |
| Furniture and vehicles | 24 | €1,281 | €1,659 | +€378 | +29.5% |
| Current assets | 29/58 | €56,689 | €77,529 | +€20,840 | +36.8% |
| Amounts receivable within one year | 40/41 | €34,568 | €19,559 | -€15,009 | -43.4% |
| Trade receivables | 40 | €34,558 | €19,559 | -€14,999 | -43.4% |
| Other amounts receivable | 41 | €10 | - | -€10 | |
| Cash at bank and in hand | 54/58 | €12,955 | €48,160 | +€35,205 | +271.7% |
| Deferred charges and accrued income | 490/1 | €9,166 | €9,811 | +€645 | +7.0% |
| Total equity and liabilities | 10/49 | €84,602 | €101,927 | +€17,325 | +20.5% |
| Equity | 10/15 | €20,466 | €20,463 | -€3 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6 | €3 | -€3 | -48.6% |
| Amounts payable | 17/49 | €64,136 | €81,464 | +€17,328 | +27.0% |
| Amounts payable within one year | 42/48 | €64,136 | €81,464 | +€17,328 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €2,562 | €2,559 | -€3 | -0.1% |
| Trade debts | 44 | €187 | €2,200 | +€2,013 | +1077.3% |
| Suppliers | 440/4 | €187 | €2,200 | +€2,013 | +1077.3% |
| Taxes, remuneration and social security | 45 | €17,053 | €20,677 | +€3,624 | +21.3% |
| Taxes | 450/3 | €17,053 | €20,677 | +€3,624 | +21.3% |
| Other amounts payable | 47/48 | €44,334 | €56,029 | +€11,695 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,257 | €4,431 | +€175 | +4.1% |
| Other operating charges | 640/8 | €469 | €501 | +€32 | +6.8% |
| Gross operating margin | 9900 | €64,155 | €78,884 | +€14,729 | +23.0% |
| Operating profit (loss) | 9901 | €59,429 | €73,952 | +€14,523 | +24.4% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €3,966 | €3,393 | -€573 | -14.4% |
| Recurring financial charges | 65 | €3,966 | €3,393 | -€573 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €55,474 | €70,559 | +€15,085 | +27.2% |
| Income taxes | 67/77 | €12,240 | €15,522 | +€3,282 | +26.8% |
| Profit (loss) for the period | 9904 | €43,234 | €55,037 | +€11,803 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,234 | €55,037 | +€11,803 | +27.3% |
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 5 October 2026 via checked.be.