NISK: 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.
NISK
Largest movements
- Tangible fixed assets -€12,439
down €12,439 (-2.9%), from €428,560 to €416,121
of which Land and buildings: -€10,224
- Other debts -€15,206
no longer reported in 2025 (was €15,206)
- Accrued charges and deferred income +€13,666
new in 2025: €13,666
- Profit (loss) carried forward -€9,250
down €9,250 (-88.9%), from -€10,401 to -€19,652
- Gross operating margin +€4,734
up €4,734 (+43.7%), from €10,820 to €15,554
- Depreciation +€3,470
up €3,470 (+33.6%), from €10,341 to €13,811
- Other operating charges -€392
down €392 (-25.7%), from €1,522 to €1,130
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 | €447,664 | €435,412 | -€12,252 | -2.7% |
| Formation expenses | 20 | €1,125 | €846 | -€278 | -24.8% |
| Fixed assets | 21/28 | €428,560 | €416,121 | -€12,439 | -2.9% |
| Tangible fixed assets | 22/27 | €428,560 | €416,121 | -€12,439 | -2.9% |
| Land and buildings | 22 | €399,755 | €389,531 | -€10,224 | -2.6% |
| Plant, machinery and equipment | 23 | €1,049 | €1,834 | +€786 | +74.9% |
| Furniture and vehicles | 24 | €27,756 | €24,756 | -€3,000 | -10.8% |
| Current assets | 29/58 | €17,979 | €18,445 | +€466 | +2.6% |
| Amounts receivable within one year | 40/41 | €12,217 | €12,674 | +€457 | +3.7% |
| Trade receivables | 40 | €11,871 | €12,674 | +€803 | +6.8% |
| Other amounts receivable | 41 | €347 | - | -€347 | |
| Cash at bank and in hand | 54/58 | €5,762 | €5,771 | +€9 | +0.2% |
| Total equity and liabilities | 10/49 | €447,664 | €435,412 | -€12,252 | -2.7% |
| Equity | 10/15 | €89,599 | €80,348 | -€9,250 | -10.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | - | €100,000 | +€100,000 | |
| Issued capital | 100 | - | €100,000 | +€100,000 | |
| Profit (loss) carried forward | 14 | -€10,401 | -€19,652 | -€9,250 | -88.9% |
| Amounts payable | 17/49 | €358,065 | €355,064 | -€3,001 | -0.8% |
| Amounts payable after more than one year | 17 | €334,130 | €331,069 | -€3,061 | -0.9% |
| Financial debts | 170/4 | €234,130 | €225,069 | -€9,061 | -3.9% |
| Other amounts payable | 178/9 | €100,000 | €106,000 | +€6,000 | +6.0% |
| Amounts payable within one year | 42/48 | €23,935 | €10,328 | -€13,606 | -56.8% |
| Financial debts | 43 | €8,729 | €9,061 | +€332 | +3.8% |
| Credit institutions | 430/8 | €8,729 | €9,061 | +€332 | +3.8% |
| Trade debts | 44 | - | €1,027 | +€1,027 | |
| Suppliers | 440/4 | - | €1,027 | +€1,027 | |
| Taxes, remuneration and social security | 45 | - | €240 | +€240 | |
| Taxes | 450/3 | - | €240 | +€240 | |
| Other amounts payable | 47/48 | €15,206 | - | -€15,206 | |
| Accrued charges and deferred income | 492/3 | - | €13,666 | +€13,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,341 | €13,811 | +€3,470 | +33.6% |
| Other operating charges | 640/8 | €1,522 | €1,130 | -€392 | -25.7% |
| Gross operating margin | 9900 | €10,820 | €15,554 | +€4,734 | +43.7% |
| Operating profit (loss) | 9901 | -€1,042 | €613 | +€1,655 | |
| Financial charges | 65/66B | €9,359 | €9,397 | +€38 | +0.4% |
| Recurring financial charges | 65 | €9,359 | €9,397 | +€38 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,401 | -€8,784 | +€1,617 | +15.5% |
| Profit (loss) for the period | 9904 | -€10,401 | -€8,784 | +€1,617 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,401 | -€8,784 | +€1,617 | +15.5% |
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 15 October 2026 via checked.be.