NISAN: 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.
NISAN
Largest movements
- Cash +€12,972
up €12,972 (+14.8%), from €87,384 to €100,356
mainly Net result for the year (+€26,521) and Depreciation (+€5,332)
- Receivables within one year +€9,961
up €9,961 (+72.2%), from €13,798 to €23,760
of which Trade receivables: +€12,244
- Tangible fixed assets -€5,332
down €5,332 (-66.9%), from €7,970 to €2,637
of which Leasing and similar rights: -€4,793
- Profit (loss) carried forward +€26,521
up €26,521 (+30.4%), from €87,163 to €113,684
- Trade debts -€9,751
down €9,751 (-65.8%), from €14,828 to €5,077
- Gross operating margin -€6,090
down €6,090 (-12.5%), from €48,664 to €42,574
- Financial charges -€1,876
down €1,876 (-96.1%), from €1,952 to €75
of which Non-recurring financial charges: -€1,800
- Taxes -€898
down €898 (-8.8%), from €10,201 to €9,302
- Other operating charges +€566
up €566 (+71.3%), from €794 to €1,360
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.
Derived cash bridge
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 | €109,765 | €127,346 | +€17,581 | +16.0% |
| Fixed assets | 21/28 | €7,970 | €2,637 | -€5,332 | -66.9% |
| Tangible fixed assets | 22/27 | €7,970 | €2,637 | -€5,332 | -66.9% |
| Plant, machinery and equipment | 23 | €837 | €444 | -€393 | -46.9% |
| Furniture and vehicles | 24 | €147 | - | -€147 | |
| Leasing and similar rights | 25 | €6,986 | €2,193 | -€4,793 | -68.6% |
| Current assets | 29/58 | €101,796 | €124,709 | +€22,913 | +22.5% |
| Amounts receivable within one year | 40/41 | €13,798 | €23,760 | +€9,961 | +72.2% |
| Trade receivables | 40 | €6,570 | €18,814 | +€12,244 | +186% |
| Other amounts receivable | 41 | €7,228 | €4,946 | -€2,282 | -31.6% |
| Cash at bank and in hand | 54/58 | €87,384 | €100,356 | +€12,972 | +14.8% |
| Deferred charges and accrued income | 490/1 | €613 | €593 | -€20 | -3.3% |
| Total equity and liabilities | 10/49 | €109,765 | €127,346 | +€17,581 | +16.0% |
| Equity | 10/15 | €94,663 | €121,184 | +€26,521 | +28.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,163 | €113,684 | +€26,521 | +30.4% |
| Amounts payable | 17/49 | €15,103 | €6,162 | -€8,941 | -59.2% |
| Amounts payable within one year | 42/48 | €15,103 | €5,351 | -€9,751 | -64.6% |
| Trade debts | 44 | €14,828 | €5,077 | -€9,751 | -65.8% |
| Suppliers | 440/4 | €14,828 | €5,077 | -€9,751 | -65.8% |
| Other amounts payable | 47/48 | €275 | €275 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €811 | +€811 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,571 | €5,332 | -€239 | -4.3% |
| Other operating charges | 640/8 | €794 | €1,360 | +€566 | +71.3% |
| Gross operating margin | 9900 | €48,664 | €42,574 | -€6,090 | -12.5% |
| Operating profit (loss) | 9901 | €42,299 | €35,882 | -€6,417 | -15.2% |
| Financial income | 75/76B | €13 | €17 | +€4 | +31.8% |
| Recurring financial income | 75 | €13 | €17 | +€4 | +31.8% |
| Financial charges | 65/66B | €1,952 | €75 | -€1,876 | -96.1% |
| Recurring financial charges | 65 | €152 | €75 | -€76 | -50.3% |
| Non-recurring financial charges | 66B | €1,800 | - | -€1,800 | |
| Profit (loss) for the period before taxes | 9903 | €40,360 | €35,824 | -€4,537 | -11.2% |
| Income taxes | 67/77 | €10,201 | €9,302 | -€898 | -8.8% |
| Profit (loss) for the period | 9904 | €30,160 | €26,521 | -€3,638 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,160 | €26,521 | -€3,638 | -12.1% |
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 15 October 2026 via checked.be.