NISHATI: 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.
NISHATI
Largest movements
- Cash +€55,443
up €55,443 (+50.8%), from €109,131 to €164,574
mainly Net result for the year (+€65,291) and Depreciation (+€11,848)
- Receivables within one year +€18,195
up €18,195 (+96.6%), from €18,830 to €37,025
of which Trade receivables: +€16,177
- Tangible fixed assets -€10,799
down €10,799 (-19.0%), from €56,783 to €45,984
of which Furniture and vehicles: -€7,672
- Current investments +€3,333
new in 2025: €3,333
- Profit (loss) carried forward +€63,623
up €63,623 (+104%), from €61,298 to €124,921
- Gross operating margin +€4,096
up €4,096 (+4.4%), from €93,000 to €97,096
- Depreciation +€1,817
up €1,817 (+18.1%), from €10,031 to €11,848
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 | €186,059 | €252,745 | +€66,686 | +35.8% |
| Fixed assets | 21/28 | €56,783 | €45,984 | -€10,799 | -19.0% |
| Tangible fixed assets | 22/27 | €56,783 | €45,984 | -€10,799 | -19.0% |
| Furniture and vehicles | 24 | €32,903 | €25,231 | -€7,672 | -23.3% |
| Other tangible fixed assets | 26 | €23,880 | €20,753 | -€3,127 | -13.1% |
| Current assets | 29/58 | €129,276 | €206,761 | +€77,485 | +59.9% |
| Amounts receivable within one year | 40/41 | €18,830 | €37,025 | +€18,195 | +96.6% |
| Trade receivables | 40 | €15,690 | €31,867 | +€16,177 | +103% |
| Other amounts receivable | 41 | €3,140 | €5,158 | +€2,018 | +64.3% |
| Current investments | 50/53 | - | €3,333 | +€3,333 | |
| Cash at bank and in hand | 54/58 | €109,131 | €164,574 | +€55,443 | +50.8% |
| Deferred charges and accrued income | 490/1 | €1,315 | €1,829 | +€514 | +39.1% |
| Total equity and liabilities | 10/49 | €186,059 | €252,745 | +€66,686 | +35.8% |
| Equity | 10/15 | €140,679 | €205,970 | +€65,291 | +46.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €66,981 | €68,649 | +€1,668 | +2.5% |
| Tax-exempt reserves | 132 | €13,604 | €15,272 | +€1,668 | +12.3% |
| Distributable reserves | 133 | €53,377 | €53,377 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,298 | €124,921 | +€63,623 | +104% |
| Amounts payable | 17/49 | €45,380 | €46,775 | +€1,395 | +3.1% |
| Amounts payable within one year | 42/48 | €45,380 | €46,775 | +€1,395 | +3.1% |
| Trade debts | 44 | €891 | €3,014 | +€2,123 | +238% |
| Suppliers | 440/4 | €891 | €3,014 | +€2,123 | +238% |
| Taxes, remuneration and social security | 45 | €44,489 | €43,761 | -€728 | -1.6% |
| Taxes | 450/3 | €44,489 | €43,761 | -€728 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,031 | €11,848 | +€1,817 | +18.1% |
| Other operating charges | 640/8 | €885 | €788 | -€97 | -11.0% |
| Gross operating margin | 9900 | €93,000 | €97,096 | +€4,096 | +4.4% |
| Operating profit (loss) | 9901 | €82,084 | €84,460 | +€2,376 | +2.9% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €524 | €169 | -€355 | -67.7% |
| Recurring financial charges | 65 | €524 | €169 | -€355 | -67.7% |
| Profit (loss) for the period before taxes | 9903 | €81,560 | €84,317 | +€2,757 | +3.4% |
| Income taxes | 67/77 | €18,638 | €19,026 | +€388 | +2.1% |
| Profit (loss) for the period | 9904 | €62,922 | €65,291 | +€2,369 | +3.8% |
| Transfer to tax-exempt reserves | 689 | €1,624 | €1,668 | +€44 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,298 | €63,623 | +€2,325 | +3.8% |
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 17 October 2026 via checked.be.