NIROY: 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.
NIROY
Largest movements
- Receivables within one year -€12,396
down €12,396 (-13.6%), from €91,283 to €78,887
of which Trade receivables: -€12,987
- Tangible fixed assets +€8,085
up €8,085 (+1,526%), from €530 to €8,615
of which Plant, machinery and equipment: +€7,174
- Cash -€6,479
down €6,479 (-100%), from €6,479 to €0
mainly Investment in fixed assets (net) (-€10,276) and Trade debts (-€6,988)
- Trade debts -€6,988
down €6,988 (-6.7%), from €104,018 to €97,030
- Other debts -€3,932
down €3,932 (-7.1%), from €55,374 to €51,442
- Current portion of long-term debt -€3,175
down €3,175 (-100%), from €3,175 to €0
- Short-term financial debts +€2,973
new in 2024: €2,973
- Accrued charges and deferred income -€2,060
down €2,060 (-15.7%), from €13,103 to €11,043
- Taxes -€39,089
down €39,089 (-98.9%), from €39,504 to €415
- Gross operating margin +€32,039
up €32,039, from -€19,880 to €12,159
- Write-downs +€6,612
new in 2024: €6,612
- Depreciation -€4,843
down €4,843 (-68.9%), from €7,034 to €2,191
- Other operating charges -€3,110
down €3,110 (-67.5%), from €4,605 to €1,495
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.
Derived cash bridge
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 | €199,582 | €187,606 | -€11,977 | -6.0% |
| Fixed assets | 21/28 | €594 | €8,680 | +€8,085 | +1,361% |
| Tangible fixed assets | 22/27 | €530 | €8,615 | +€8,085 | +1,526% |
| Plant, machinery and equipment | 23 | €530 | €7,703 | +€7,174 | +1,354% |
| Furniture and vehicles | 24 | - | €911 | +€911 | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €65 | €65 | = | 0.0% |
| Current assets | 29/58 | €198,988 | €178,926 | -€20,062 | -10.1% |
| Stocks and contracts in progress | 3 | €101,170 | €99,729 | -€1,441 | -1.4% |
| Stocks | 30/36 | €101,170 | €99,729 | -€1,441 | -1.4% |
| Amounts receivable within one year | 40/41 | €91,283 | €78,887 | -€12,396 | -13.6% |
| Trade receivables | 40 | €91,275 | €78,289 | -€12,987 | -14.2% |
| Other amounts receivable | 41 | €8 | €598 | +€591 | +7,843% |
| Cash at bank and in hand | 54/58 | €6,479 | €0 | -€6,479 | -100% |
| Deferred charges and accrued income | 490/1 | €57 | €311 | +€254 | +449% |
| Total equity and liabilities | 10/49 | €199,582 | €187,606 | -€11,977 | -6.0% |
| Equity | 10/15 | -€63,165 | -€62,668 | +€498 | +0.8% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€195,165 | -€194,668 | +€498 | +0.3% |
| Amounts payable | 17/49 | €262,748 | €250,274 | -€12,474 | -4.7% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €199,645 | €189,230 | -€10,414 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €3,175 | €0 | -€3,175 | -100% |
| Financial debts | 43 | - | €2,973 | +€2,973 | |
| Credit institutions | 430/8 | - | €2,973 | +€2,973 | |
| Trade debts | 44 | €104,018 | €97,030 | -€6,988 | -6.7% |
| Suppliers | 440/4 | €104,018 | €97,030 | -€6,988 | -6.7% |
| Taxes, remuneration and social security | 45 | €37,078 | €37,786 | +€708 | +1.9% |
| Taxes | 450/3 | €37,078 | €37,786 | +€708 | +1.9% |
| Other amounts payable | 47/48 | €55,374 | €51,442 | -€3,932 | -7.1% |
| Accrued charges and deferred income | 492/3 | €13,103 | €11,043 | -€2,060 | -15.7% |
| Non-recurring operating income | 76A | - | €1,325 | +€1,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,034 | €2,191 | -€4,843 | -68.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,612 | +€6,612 | |
| Other operating charges | 640/8 | €4,605 | €1,495 | -€3,110 | -67.5% |
| Gross operating margin | 9900 | -€19,880 | €12,159 | +€32,039 | |
| Operating profit (loss) | 9901 | -€31,519 | €1,860 | +€33,380 | |
| Financial income | 75/76B | €49 | €9 | -€40 | -81.0% |
| Recurring financial income | 75 | €49 | €9 | -€40 | -81.0% |
| Financial charges | 65/66B | €770 | €957 | +€187 | +24.3% |
| Recurring financial charges | 65 | €770 | €957 | +€187 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | -€32,240 | €912 | +€33,153 | |
| Income taxes | 67/77 | €39,504 | €415 | -€39,089 | -98.9% |
| Profit (loss) for the period | 9904 | -€71,744 | €498 | +€72,242 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,744 | €498 | +€72,242 |
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 13 October 2026 via checked.be.