NIROLUX: 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.
NIROLUX
Largest movements
- Tangible fixed assets -€205,831
down €205,831 (-6.9%), from €3.0m to €2.8m
of which Land and buildings: -€175,105
- Receivables within one year +€204,806
up €204,806 (+223.9%), from €91,483 to €296,289
of which Other amounts receivable: +€143,495
- Debts after one year -€170,529
down €170,529 (-6.7%), from €2.5m to €2.4m
- Profit (loss) carried forward -€138,919
down €138,919 (-95.8%), from -€145,062 to -€283,981
- Trade debts +€133,107
up €133,107 (+45.4%), from €293,170 to €426,277
- Other debts +€132,163
new in 2025: €132,163
- Short-term financial debts +€52,290
up €52,290 (+128.7%), from €40,632 to €92,922
- Financial income +€29,626
up €29,626 (+213.6%), from €13,871 to €43,497
of which Non-recurring financial income: +€19,723
- Taxes +€20,629
up €20,629 (+15628.0%), from €132 to €20,761
- Other operating charges +€9,276
up €9,276 (+33.3%), from €27,848 to €37,124
- Depreciation +€8,465
up €8,465 (+3.6%), from €236,946 to €245,411
- Gross operating margin +€7,836
up €7,836 (+1.5%), from €514,913 to €522,749
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 | €4,215,811 | €4,191,918 | -€23,893 | -0.6% |
| Fixed assets | 21/28 | €3,013,532 | €2,799,929 | -€213,603 | -7.1% |
| Intangible fixed assets | 21 | €14,274 | €7,137 | -€7,137 | -50.0% |
| Tangible fixed assets | 22/27 | €2,981,749 | €2,775,918 | -€205,831 | -6.9% |
| Land and buildings | 22 | €2,877,764 | €2,702,659 | -€175,105 | -6.1% |
| Plant, machinery and equipment | 23 | €12,109 | €7,844 | -€4,265 | -35.2% |
| Furniture and vehicles | 24 | €91,876 | €65,415 | -€26,461 | -28.8% |
| Financial fixed assets | 28 | €17,509 | €16,874 | -€635 | -3.6% |
| Current assets | 29/58 | €1,202,279 | €1,391,989 | +€189,710 | +15.8% |
| Stocks and contracts in progress | 3 | €902,775 | €904,906 | +€2,131 | +0.2% |
| Stocks | 30/36 | €902,775 | €904,906 | +€2,131 | +0.2% |
| Amounts receivable within one year | 40/41 | €91,483 | €296,289 | +€204,806 | +223.9% |
| Trade receivables | 40 | €91,453 | €152,764 | +€61,311 | +67.0% |
| Other amounts receivable | 41 | €30 | €143,525 | +€143,495 | +478316.7% |
| Cash at bank and in hand | 54/58 | €199,150 | €172,819 | -€26,331 | -13.2% |
| Deferred charges and accrued income | 490/1 | €8,871 | €17,975 | +€9,104 | +102.6% |
| Total equity and liabilities | 10/49 | €4,215,811 | €4,191,918 | -€23,893 | -0.6% |
| Equity | 10/15 | €1,129,566 | €990,647 | -€138,919 | -12.3% |
| Contributions | 10/11 | €956,680 | €956,680 | = | 0.0% |
| Capital | 10 | €956,680 | €956,680 | = | 0.0% |
| Issued capital | 100 | €956,680 | €956,680 | = | 0.0% |
| Reserves | 13 | €317,948 | €317,948 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,008 | €7,008 | = | 0.0% |
| Legal reserve | 130 | €7,008 | €7,008 | = | 0.0% |
| Distributable reserves | 133 | €310,940 | €310,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,062 | -€283,981 | -€138,919 | -95.8% |
| Amounts payable | 17/49 | €3,086,245 | €3,201,271 | +€115,026 | +3.7% |
| Amounts payable after more than one year | 17 | €2,535,270 | €2,364,741 | -€170,529 | -6.7% |
| Financial debts | 170/4 | €2,535,270 | €2,364,741 | -€170,529 | -6.7% |
| Amounts payable within one year | 42/48 | €527,716 | €836,530 | +€308,814 | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €157,029 | €153,824 | -€3,205 | -2.0% |
| Financial debts | 43 | €40,632 | €92,922 | +€52,290 | +128.7% |
| Credit institutions | 430/8 | €40,632 | €92,922 | +€52,290 | +128.7% |
| Trade debts | 44 | €293,170 | €426,277 | +€133,107 | +45.4% |
| Suppliers | 440/4 | €293,170 | €426,277 | +€133,107 | +45.4% |
| Taxes, remuneration and social security | 45 | €36,885 | €31,344 | -€5,541 | -15.0% |
| Taxes | 450/3 | €21,549 | €19,254 | -€2,295 | -10.7% |
| Remuneration and social security | 454/9 | €15,336 | €12,090 | -€3,246 | -21.2% |
| Other amounts payable | 47/48 | - | €132,163 | +€132,163 | |
| Accrued charges and deferred income | 492/3 | €23,259 | - | -€23,259 | |
| Remuneration, social security and pensions | 62 | €266,945 | €267,136 | +€191 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,946 | €245,411 | +€8,465 | +3.6% |
| Other operating charges | 640/8 | €27,848 | €37,124 | +€9,276 | +33.3% |
| Gross operating margin | 9900 | €514,913 | €522,749 | +€7,836 | +1.5% |
| Operating profit (loss) | 9901 | -€16,826 | -€26,922 | -€10,096 | -60.0% |
| Financial income | 75/76B | €13,871 | €43,497 | +€29,626 | +213.6% |
| Recurring financial income | 75 | €5,762 | €15,665 | +€9,903 | +171.9% |
| Non-recurring financial income | 76B | €8,109 | €27,832 | +€19,723 | +243.2% |
| Financial charges | 65/66B | €141,975 | €134,733 | -€7,242 | -5.1% |
| Recurring financial charges | 65 | €141,938 | €132,283 | -€9,655 | -6.8% |
| Non-recurring financial charges | 66B | €37 | €2,450 | +€2,413 | +6521.6% |
| Profit (loss) for the period before taxes | 9903 | -€144,930 | -€118,158 | +€26,772 | +18.5% |
| Income taxes | 67/77 | €132 | €20,761 | +€20,629 | +15628.0% |
| Profit (loss) for the period | 9904 | -€145,062 | -€138,919 | +€6,143 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€145,062 | -€138,919 | +€6,143 | +4.2% |
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 11 October 2026 via checked.be.