NISAGO: 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.
NISAGO
Largest movements
- Cash +€55,538
up €55,538 (+34.4%), from €161,413 to €216,951
mainly Net result for the year (+€98,368) and Depreciation (+€12,117)
- Receivables within one year -€10,029
down €10,029 (-28.5%), from €35,225 to €25,195
of which Other amounts receivable: -€6,437
- Tangible fixed assets +€4,800
up €4,800 (+14.7%), from €32,650 to €37,450
of which Furniture and vehicles: +€3,080
- Profit (loss) carried forward +€74,796
up €74,796 (+69.6%), from €107,473 to €182,269
- Tax, wage and social debts -€9,794
down €9,794 (-20.0%), from €49,044 to €39,250
of which Taxes: -€9,794
- Debts after one year -€8,724
no longer reported in 2026 (was €8,724)
- Gross operating margin -€10,319
down €10,319 (-6.9%), from €149,921 to €139,602
- Depreciation +€2,127
up €2,127 (+21.3%), from €9,989 to €12,117
- Taxes -€2,093
down €2,093 (-6.6%), from €31,624 to €29,531
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,425 | €282,811 | +€51,387 | +22.2% |
| Fixed assets | 21/28 | €32,650 | €37,450 | +€4,800 | +14.7% |
| Tangible fixed assets | 22/27 | €32,650 | €37,450 | +€4,800 | +14.7% |
| Plant, machinery and equipment | 23 | - | €1,719 | +€1,719 | |
| Furniture and vehicles | 24 | €32,650 | €35,730 | +€3,080 | +9.4% |
| Current assets | 29/58 | €198,774 | €245,362 | +€46,587 | +23.4% |
| Amounts receivable within one year | 40/41 | €35,225 | €25,195 | -€10,029 | -28.5% |
| Trade receivables | 40 | €25,421 | €21,828 | -€3,593 | -14.1% |
| Other amounts receivable | 41 | €9,804 | €3,367 | -€6,437 | -65.7% |
| Cash at bank and in hand | 54/58 | €161,413 | €216,951 | +€55,538 | +34.4% |
| Deferred charges and accrued income | 490/1 | €2,137 | €3,216 | +€1,079 | +50.5% |
| Total equity and liabilities | 10/49 | €231,425 | €282,811 | +€51,387 | +22.2% |
| Equity | 10/15 | €158,979 | €233,774 | +€74,796 | +47.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €48,505 | €48,505 | = | 0.0% |
| Distributable reserves | 133 | €48,505 | €48,505 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,473 | €182,269 | +€74,796 | +69.6% |
| Amounts payable | 17/49 | €72,446 | €49,037 | -€23,409 | -32.3% |
| Amounts payable after more than one year | 17 | €8,724 | - | -€8,724 | |
| Financial debts | 170/4 | €8,724 | - | -€8,724 | |
| Amounts payable within one year | 42/48 | €63,652 | €49,037 | -€14,615 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €11,179 | €8,724 | -€2,455 | -22.0% |
| Financial debts | 43 | €19 | - | -€19 | |
| Other loans | 439 | €19 | - | -€19 | |
| Trade debts | 44 | €3,411 | €1,063 | -€2,348 | -68.8% |
| Suppliers | 440/4 | €3,411 | €1,063 | -€2,348 | -68.8% |
| Taxes, remuneration and social security | 45 | €49,044 | €39,250 | -€9,794 | -20.0% |
| Taxes | 450/3 | €49,044 | €39,250 | -€9,794 | -20.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €70 | - | -€70 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,989 | €12,117 | +€2,127 | +21.3% |
| Other operating charges | 640/8 | €162 | €205 | +€43 | +26.4% |
| Gross operating margin | 9900 | €149,921 | €139,602 | -€10,319 | -6.9% |
| Operating profit (loss) | 9901 | €139,769 | €127,281 | -€12,489 | -8.9% |
| Financial income | 75/76B | €594 | €1,433 | +€840 | +141% |
| Recurring financial income | 75 | €594 | €1,433 | +€840 | +141% |
| Financial charges | 65/66B | €1,266 | €815 | -€451 | -35.6% |
| Recurring financial charges | 65 | €1,266 | €815 | -€451 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €139,097 | €127,899 | -€11,198 | -8.1% |
| Income taxes | 67/77 | €31,624 | €29,531 | -€2,093 | -6.6% |
| Profit (loss) for the period | 9904 | €107,473 | €98,368 | -€9,105 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €107,473 | €98,368 | -€9,105 | -8.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.