NISH Tech: what changed
Two fiscal 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.
NISH Tech
Largest movements
- Receivables within one year -€532,833
down €532,833 (-42.0%), from €1.3m to €735,873
of which Trade receivables: -€548,946
- Cash -€59,738
down €59,738 (-31.5%), from €189,750 to €130,012
mainly Trade debts (-€366,377) and Tax, wage and social debts (-€174,871)
- Tangible fixed assets +€46,228
up €46,228 (+55.4%), from €83,437 to €129,665
of which Furniture and vehicles: +€47,994
- Trade debts -€366,377
down €366,377 (-83.8%), from €436,957 to €70,580
- Short-term financial debts +€202,582
new in 2025: €202,582
of which Other loans: +€198,344
- Tax, wage and social debts -€174,871
down €174,871 (-22.8%), from €765,451 to €590,580
of which Taxes: -€100,029
- Current portion of long-term debt -€169,237
down €169,237 (-85.0%), from €199,206 to €29,969
- Other debts -€163,289
down €163,289 (-52.4%), from €311,339 to €148,049
- Staff costs -€885,288
down €885,288 (-14.6%), from €6.1m to €5.2m
- Gross operating margin -€709,856
down €709,856 (-11.6%), from €6.1m to €5.4m
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 | €1,560,993 | €1,026,550 | -€534,443 | -34.2% |
| Fixed assets | 21/28 | €83,437 | €129,665 | +€46,228 | +55.4% |
| Tangible fixed assets | 22/27 | €83,437 | €129,665 | +€46,228 | +55.4% |
| Plant, machinery and equipment | 23 | €1,170 | €840 | -€330 | -28.2% |
| Furniture and vehicles | 24 | €75,349 | €123,343 | +€47,994 | +63.7% |
| Other tangible fixed assets | 26 | €6,918 | €5,482 | -€1,436 | -20.8% |
| Current assets | 29/58 | €1,477,556 | €896,885 | -€580,671 | -39.3% |
| Amounts receivable after more than one year | 29 | €19,100 | €31,000 | +€11,900 | +62.3% |
| Other amounts receivable | 291 | €19,100 | €31,000 | +€11,900 | +62.3% |
| Amounts receivable within one year | 40/41 | €1,268,706 | €735,873 | -€532,833 | -42.0% |
| Trade receivables | 40 | €1,219,506 | €670,560 | -€548,946 | -45.0% |
| Other amounts receivable | 41 | €49,200 | €65,313 | +€16,113 | +32.8% |
| Cash at bank and in hand | 54/58 | €189,750 | €130,012 | -€59,738 | -31.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,560,993 | €1,026,550 | -€534,443 | -34.2% |
| Equity | 10/15 | -€159,017 | -€56,920 | +€102,098 | +64.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€169,017 | -€66,920 | +€102,098 | +60.4% |
| Amounts payable | 17/49 | €1,720,010 | €1,083,470 | -€636,540 | -37.0% |
| Amounts payable after more than one year | 17 | €7,058 | €41,710 | +€34,652 | +491.0% |
| Financial debts | 170/4 | €7,058 | €41,710 | +€34,652 | +491.0% |
| Amounts payable within one year | 42/48 | €1,712,952 | €1,041,760 | -€671,192 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €199,206 | €29,969 | -€169,237 | -85.0% |
| Financial debts | 43 | - | €202,582 | +€202,582 | |
| Credit institutions | 430/8 | - | €4,238 | +€4,238 | |
| Other loans | 439 | - | €198,344 | +€198,344 | |
| Trade debts | 44 | €436,957 | €70,580 | -€366,377 | -83.8% |
| Suppliers | 440/4 | €436,957 | €70,580 | -€366,377 | -83.8% |
| Taxes, remuneration and social security | 45 | €765,451 | €590,580 | -€174,871 | -22.8% |
| Taxes | 450/3 | €198,906 | €98,877 | -€100,029 | -50.3% |
| Remuneration and social security | 454/9 | €566,545 | €491,703 | -€74,842 | -13.2% |
| Other amounts payable | 47/48 | €311,339 | €148,049 | -€163,289 | -52.4% |
| Remuneration, social security and pensions | 62 | €6,081,093 | €5,195,805 | -€885,288 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,593 | €32,125 | +€7,532 | +30.6% |
| Other operating charges | 640/8 | €4,022 | €8,665 | +€4,643 | +115.5% |
| Gross operating margin | 9900 | €6,139,072 | €5,429,216 | -€709,856 | -11.6% |
| Operating profit (loss) | 9901 | €29,364 | €192,621 | +€163,257 | +556.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €17,486 | €11,095 | -€6,391 | -36.6% |
| Recurring financial charges | 65 | €17,486 | €11,095 | -€6,391 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €11,878 | €181,528 | +€169,649 | +1428.2% |
| Income taxes | 67/77 | €40,800 | €79,430 | +€38,630 | +94.7% |
| Profit (loss) for the period | 9904 | -€28,922 | €102,098 | +€131,019 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,922 | €102,098 | +€131,019 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.