NIRMAL: 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.
NIRMAL
Largest movements
- Receivables within one year -€14,899
down €14,899 (-77.3%), from €19,276 to €4,377
- Intangible fixed assets +€11,920
new in 2025: €11,920
- Cash -€11,761
down €11,761 (-93.5%), from €12,584 to €823
mainly Investment in fixed assets (net) (-€13,410) and Net result for the year (-€10,021)
- Stocks and contracts +€9,020
up €9,020 (+43.6%), from €20,710 to €29,730
- Profit (loss) carried forward -€10,021
down €10,021 (-59.6%), from €16,804 to €6,783
- Trade debts +€3,476
up €3,476 (+23.8%), from €14,584 to €18,060
- Tax, wage and social debts +€2,456
up €2,456 (+137%), from €1,791 to €4,247
- Short-term financial debts -€1,631
no longer reported in 2025 (was €1,631)
- Purchases and services +€29,024
up €29,024 (+10.8%), from €268,957 to €297,981
- Gross operating margin -€15,705
down €15,705, from €8,242 to -€7,463
- Turnover +€13,319
up €13,319 (+4.8%), from €277,199 to €290,518
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 | €55,270 | €49,550 | -€5,720 | -10.3% |
| Fixed assets | 21/28 | €2,700 | €14,620 | +€11,920 | +441% |
| Intangible fixed assets | 21 | - | €11,920 | +€11,920 | |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €52,570 | €34,930 | -€17,640 | -33.6% |
| Stocks and contracts in progress | 3 | €20,710 | €29,730 | +€9,020 | +43.6% |
| Stocks | 30/36 | €20,710 | €29,730 | +€9,020 | +43.6% |
| Amounts receivable within one year | 40/41 | €19,276 | €4,377 | -€14,899 | -77.3% |
| Other amounts receivable | 41 | €19,276 | €4,377 | -€14,899 | -77.3% |
| Cash at bank and in hand | 54/58 | €12,584 | €823 | -€11,761 | -93.5% |
| Total equity and liabilities | 10/49 | €55,270 | €49,550 | -€5,720 | -10.3% |
| Equity | 10/15 | €37,264 | €27,243 | -€10,021 | -26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| 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 | €16,804 | €6,783 | -€10,021 | -59.6% |
| Amounts payable | 17/49 | €18,006 | €22,307 | +€4,301 | +23.9% |
| Amounts payable within one year | 42/48 | €18,006 | €22,307 | +€4,301 | +23.9% |
| Financial debts | 43 | €1,631 | - | -€1,631 | |
| Credit institutions | 430/8 | €1,631 | - | -€1,631 | |
| Trade debts | 44 | €14,584 | €18,060 | +€3,476 | +23.8% |
| Suppliers | 440/4 | €14,584 | €18,060 | +€3,476 | +23.8% |
| Taxes, remuneration and social security | 45 | €1,791 | €4,247 | +€2,456 | +137% |
| Taxes | 450/3 | €1,791 | €4,247 | +€2,456 | +137% |
| Turnover | 70 | €277,199 | €290,518 | +€13,319 | +4.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €268,957 | €297,981 | +€29,024 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €851 | €1,490 | +€639 | +75.1% |
| Other operating charges | 640/8 | €128 | €283 | +€155 | +121% |
| Gross operating margin | 9900 | €8,242 | -€7,463 | -€15,705 | |
| Operating profit (loss) | 9901 | €7,263 | -€9,236 | -€16,499 | |
| Financial charges | 65/66B | €891 | €785 | -€106 | -11.9% |
| Recurring financial charges | 65 | €891 | €785 | -€106 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €6,372 | -€10,021 | -€16,393 | |
| Profit (loss) for the period | 9904 | €6,372 | -€10,021 | -€16,393 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,372 | -€10,021 | -€16,393 |
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 23 October 2026 via checked.be.