Nirmatra: 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.
Nirmatra
Largest movements
- Tangible fixed assets +€150,027
up €150,027 (+200.6%), from €74,790 to €224,817
of which Furniture and vehicles: +€78,061
- Receivables within one year -€26,141
down €26,141 (-12.8%), from €204,337 to €178,195
of which Trade receivables: -€35,670
- Cash -€15,371
down €15,371 (-43.8%), from €35,098 to €19,727
mainly Investment in fixed assets (net) (-€181,300) and Other debts (-€3,904)
- Deferred charges and accrued income -€7,004
down €7,004 (-52.4%), from €13,369 to €6,365
- Debts after one year +€49,637
up €49,637 (+116.7%), from €42,518 to €92,156
- Tax, wage and social debts +€18,550
up €18,550 (+18.9%), from €98,360 to €116,910
of which Taxes: +€21,157
- Reserves +€13,261
up €13,261 (+16.4%), from €80,988 to €94,248
of which Distributable reserves: +€13,261
- Trade debts +€13,235
up €13,235 (+19.3%), from €68,475 to €81,710
- Current portion of long-term debt +€11,731
up €11,731 (+50.0%), from €23,472 to €35,204
- Gross operating margin -€96,689
down €96,689 (-36.6%), from €264,288 to €167,599
- Staff costs -€34,831
down €34,831 (-27.7%), from €125,591 to €90,761
- Taxes -€14,802
down €14,802 (-79.3%), from €18,672 to €3,870
- Other operating charges +€13,404
up €13,404 (+241.9%), from €5,542 to €18,946
- Financial charges -€9,083
down €9,083 (-46.4%), from €19,578 to €10,494
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €347,343 | €449,854 | +€102,511 | +29.5% |
| Fixed assets | 21/28 | €94,540 | €245,567 | +€151,027 | +159.7% |
| Tangible fixed assets | 22/27 | €74,790 | €224,817 | +€150,027 | +200.6% |
| Plant, machinery and equipment | 23 | €1,231 | €4,184 | +€2,953 | +240.0% |
| Furniture and vehicles | 24 | €34,211 | €112,272 | +€78,061 | +228.2% |
| Leasing and similar rights | 25 | €39,348 | €108,360 | +€69,012 | +175.4% |
| Financial fixed assets | 28 | €19,750 | €20,750 | +€1,000 | +5.1% |
| Current assets | 29/58 | €252,803 | €204,287 | -€48,516 | -19.2% |
| Amounts receivable within one year | 40/41 | €204,337 | €178,195 | -€26,141 | -12.8% |
| Trade receivables | 40 | €60,838 | €25,167 | -€35,670 | -58.6% |
| Other amounts receivable | 41 | €143,499 | €153,028 | +€9,529 | +6.6% |
| Cash at bank and in hand | 54/58 | €35,098 | €19,727 | -€15,371 | -43.8% |
| Deferred charges and accrued income | 490/1 | €13,369 | €6,365 | -€7,004 | -52.4% |
| Total equity and liabilities | 10/49 | €347,343 | €449,854 | +€102,511 | +29.5% |
| Equity | 10/15 | €93,388 | €106,648 | +€13,261 | +14.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €80,988 | €94,248 | +€13,261 | +16.4% |
| Non-distributable reserves | 130/1 | €140 | €140 | = | 0.0% |
| Reserves not available under the articles | 1311 | €140 | €140 | = | 0.0% |
| Distributable reserves | 133 | €80,848 | €94,108 | +€13,261 | +16.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €253,955 | €343,205 | +€89,250 | +35.1% |
| Amounts payable after more than one year | 17 | €42,518 | €92,156 | +€49,637 | +116.7% |
| Financial debts | 170/4 | €42,518 | €92,156 | +€49,637 | +116.7% |
| Amounts payable within one year | 42/48 | €211,437 | €251,050 | +€39,613 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €23,472 | €35,204 | +€11,731 | +50.0% |
| Trade debts | 44 | €68,475 | €81,710 | +€13,235 | +19.3% |
| Suppliers | 440/4 | €68,475 | €81,710 | +€13,235 | +19.3% |
| Taxes, remuneration and social security | 45 | €98,360 | €116,910 | +€18,550 | +18.9% |
| Taxes | 450/3 | €44,529 | €65,686 | +€21,157 | +47.5% |
| Remuneration and social security | 454/9 | €53,831 | €51,224 | -€2,607 | -4.8% |
| Other amounts payable | 47/48 | €21,129 | €17,226 | -€3,904 | -18.5% |
| Non-recurring operating income | 76A | - | €19,463 | +€19,463 | |
| Remuneration, social security and pensions | 62 | €125,591 | €90,761 | -€34,831 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,393 | €30,273 | -€7,120 | -19.0% |
| Other operating charges | 640/8 | €5,542 | €18,946 | +€13,404 | +241.9% |
| Gross operating margin | 9900 | €264,288 | €167,599 | -€96,689 | -36.6% |
| Operating profit (loss) | 9901 | €95,762 | €27,620 | -€68,142 | -71.2% |
| Financial income | 75/76B | €6,166 | €5 | -€6,161 | -99.9% |
| Recurring financial income | 75 | €6,166 | €5 | -€6,161 | -99.9% |
| Financial charges | 65/66B | €19,578 | €10,494 | -€9,083 | -46.4% |
| Recurring financial charges | 65 | €19,578 | €10,494 | -€9,083 | -46.4% |
| Profit (loss) for the period before taxes | 9903 | €82,351 | €17,131 | -€65,220 | -79.2% |
| Income taxes | 67/77 | €18,672 | €3,870 | -€14,802 | -79.3% |
| Profit (loss) for the period | 9904 | €63,679 | €13,261 | -€50,418 | -79.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,679 | €13,261 | -€50,418 | -79.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.