NIRWANA: 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.
NIRWANA
Largest movements
- Current investments +€322,438
new in 2025: €322,438
- Cash -€307,792
down €307,792 (-95.7%), from €321,680 to €13,888
mainly Current investments (-€322,438) and Net result for the year (-€12,736)
- Receivables within one year -€20,615
down €20,615 (-90.3%), from €22,835 to €2,221
of which Trade receivables: -€11,375
- Deferred charges and accrued income -€4,223
down €4,223 (-31.3%), from €13,492 to €9,270
- Profit (loss) carried forward -€12,736
down €12,736 (-4.4%), from €291,870 to €279,134
- Financial income -€3,952
down €3,952 (-44.4%), from €8,893 to €4,941
- Gross operating margin -€3,231
down €3,231 (-30.2%), from -€10,701 to -€13,932
- Financial charges +€1,409
up €1,409 (+98.8%), from €1,427 to €2,837
- Depreciation +€372
new in 2025: €372
- Taxes -€168
no longer reported in 2025 (was €168)
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 | €361,331 | €349,192 | -€12,138 | -3.4% |
| Fixed assets | 21/28 | €3,323 | €1,376 | -€1,947 | -58.6% |
| Tangible fixed assets | 22/27 | - | €755 | +€755 | |
| Furniture and vehicles | 24 | - | €755 | +€755 | |
| Financial fixed assets | 28 | €3,323 | €621 | -€2,703 | -81.3% |
| Current assets | 29/58 | €358,008 | €347,817 | -€10,191 | -2.8% |
| Amounts receivable within one year | 40/41 | €22,835 | €2,221 | -€20,615 | -90.3% |
| Trade receivables | 40 | €11,375 | - | -€11,375 | |
| Other amounts receivable | 41 | €11,460 | €2,221 | -€9,239 | -80.6% |
| Current investments | 50/53 | - | €322,438 | +€322,438 | |
| Cash at bank and in hand | 54/58 | €321,680 | €13,888 | -€307,792 | -95.7% |
| Deferred charges and accrued income | 490/1 | €13,492 | €9,270 | -€4,223 | -31.3% |
| Total equity and liabilities | 10/49 | €361,331 | €349,192 | -€12,138 | -3.4% |
| Equity | 10/15 | €360,070 | €347,334 | -€12,736 | -3.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €291,870 | €279,134 | -€12,736 | -4.4% |
| Amounts payable | 17/49 | €1,261 | €1,858 | +€597 | +47.4% |
| Amounts payable within one year | 42/48 | €1,261 | €1,858 | +€597 | +47.4% |
| Trade debts | 44 | €929 | €647 | -€282 | -30.4% |
| Suppliers | 440/4 | €929 | €647 | -€282 | -30.4% |
| Taxes, remuneration and social security | 45 | €332 | €479 | +€147 | +44.2% |
| Taxes | 450/3 | €332 | €479 | +€147 | +44.2% |
| Other amounts payable | 47/48 | - | €733 | +€733 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €372 | +€372 | |
| Other operating charges | 640/8 | €520 | €536 | +€16 | +3.2% |
| Gross operating margin | 9900 | -€10,701 | -€13,932 | -€3,231 | -30.2% |
| Operating profit (loss) | 9901 | -€11,221 | -€14,840 | -€3,619 | -32.3% |
| Financial income | 75/76B | €8,893 | €4,941 | -€3,952 | -44.4% |
| Recurring financial income | 75 | €8,893 | €4,941 | -€3,952 | -44.4% |
| Financial charges | 65/66B | €1,427 | €2,837 | +€1,409 | +98.8% |
| Recurring financial charges | 65 | €1,427 | €2,837 | +€1,409 | +98.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,755 | -€12,736 | -€8,981 | -239.2% |
| Income taxes | 67/77 | €168 | - | -€168 | |
| Profit (loss) for the period | 9904 | -€3,923 | -€12,736 | -€8,813 | -224.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,923 | -€12,736 | -€8,813 | -224.7% |
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.