NiSe Advisory: 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.
NiSe Advisory
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€162,522
down €162,522 (-50.8%), from €319,912 to €157,390
mainly Current investments (-€250,000) and Receivables within one year (-€7,539)
- Receivables within one year +€7,539
up €7,539 (+42.7%), from €17,658 to €25,197
of which Other amounts receivable: +€8,257
- Reserves +€101,915
up €101,915 (+33.9%), from €300,976 to €402,891
- Gross operating margin +€14,123
up €14,123 (+12.9%), from €109,843 to €123,966
- Financial income +€8,793
up €8,793 (+1,352,705%), from €1 to €8,793
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 | €337,666 | €436,857 | +€99,190 | +29.4% |
| Current assets | 29/58 | €337,666 | €436,857 | +€99,190 | +29.4% |
| Amounts receivable within one year | 40/41 | €17,658 | €25,197 | +€7,539 | +42.7% |
| Trade receivables | 40 | €17,658 | €16,940 | -€718 | -4.1% |
| Other amounts receivable | 41 | - | €8,257 | +€8,257 | |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €319,912 | €157,390 | -€162,522 | -50.8% |
| Deferred charges and accrued income | 490/1 | €96 | €4,270 | +€4,174 | +4,348% |
| Total equity and liabilities | 10/49 | €337,666 | €436,857 | +€99,190 | +29.4% |
| Equity | 10/15 | €302,476 | €404,391 | +€101,915 | +33.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €300,976 | €402,891 | +€101,915 | +33.9% |
| Distributable reserves | 133 | €300,976 | €402,891 | +€101,915 | +33.9% |
| Amounts payable | 17/49 | €35,191 | €32,466 | -€2,725 | -7.7% |
| Amounts payable within one year | 42/48 | €35,191 | €32,466 | -€2,725 | -7.7% |
| Trade debts | 44 | €1,980 | €1,243 | -€737 | -37.2% |
| Suppliers | 440/4 | €1,980 | €1,243 | -€737 | -37.2% |
| Taxes, remuneration and social security | 45 | €33,094 | €31,223 | -€1,872 | -5.7% |
| Taxes | 450/3 | €33,094 | €31,223 | -€1,872 | -5.7% |
| Other amounts payable | 47/48 | €116 | - | -€116 | |
| Other operating charges | 640/8 | €469 | €599 | +€130 | +27.6% |
| Gross operating margin | 9900 | €109,843 | €123,966 | +€14,123 | +12.9% |
| Operating profit (loss) | 9901 | €109,374 | €123,368 | +€13,993 | +12.8% |
| Financial income | 75/76B | €1 | €8,793 | +€8,793 | +1,352,705% |
| Recurring financial income | 75 | €1 | €8,793 | +€8,793 | +1,352,705% |
| Financial charges | 65/66B | €1,598 | €2,383 | +€785 | +49.1% |
| Recurring financial charges | 65 | €1,598 | €2,383 | +€785 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €107,777 | €129,778 | +€22,001 | +20.4% |
| Income taxes | 67/77 | €27,230 | €27,863 | +€633 | +2.3% |
| Profit (loss) for the period | 9904 | €80,547 | €101,915 | +€21,369 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,547 | €101,915 | +€21,369 | +26.5% |
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 25 October 2026 via checked.be.