Nisocafran: 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.
Nisocafran
Largest movements
- Receivables within one year -€46,926
down €46,926 (-48.0%), from €97,679 to €50,753
of which Trade receivables: -€42,588
- Cash +€23,231
up €23,231 (+18.8%), from €123,864 to €147,095
mainly Other debts (+€135,432) and Net result for the year (+€133,612)
- Tangible fixed assets +€3,239
up €3,239 (+13.1%), from €24,764 to €28,003
of which Other tangible fixed assets: +€3,931
- Reserves -€157,388
down €157,388 (-99.9%), from €157,623 to €235
- Other debts +€135,432
up €135,432 (+246.2%), from €55,000 to €190,432
- Tax, wage and social debts +€4,643
up €4,643 (+33.4%), from €13,886 to €18,530
of which Taxes: +€4,643
- Gross operating margin -€24,010
down €24,010 (-12.0%), from €199,358 to €175,349
- Taxes -€11,511
down €11,511 (-22.5%), from €51,133 to €39,622
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 | €248,159 | €229,029 | -€19,131 | -7.7% |
| Fixed assets | 21/28 | €24,764 | €28,003 | +€3,239 | +13.1% |
| Tangible fixed assets | 22/27 | €24,764 | €28,003 | +€3,239 | +13.1% |
| Furniture and vehicles | 24 | €987 | €295 | -€692 | -70.1% |
| Other tangible fixed assets | 26 | €23,777 | €27,708 | +€3,931 | +16.5% |
| Current assets | 29/58 | €223,395 | €201,025 | -€22,370 | -10.0% |
| Amounts receivable within one year | 40/41 | €97,679 | €50,753 | -€46,926 | -48.0% |
| Trade receivables | 40 | €92,963 | €50,375 | -€42,588 | -45.8% |
| Other amounts receivable | 41 | €4,716 | €378 | -€4,338 | -92.0% |
| Cash at bank and in hand | 54/58 | €123,864 | €147,095 | +€23,231 | +18.8% |
| Deferred charges and accrued income | 490/1 | €1,852 | €3,177 | +€1,325 | +71.6% |
| Total equity and liabilities | 10/49 | €248,159 | €229,029 | -€19,131 | -7.7% |
| Equity | 10/15 | €176,223 | €18,835 | -€157,388 | -89.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,623 | €235 | -€157,388 | -99.9% |
| Distributable reserves | 133 | €157,623 | €235 | -€157,388 | -99.9% |
| Amounts payable | 17/49 | €71,936 | €210,193 | +€138,257 | +192.2% |
| Amounts payable within one year | 42/48 | €71,936 | €210,193 | +€138,257 | +192.2% |
| Financial debts | 43 | €3 | €0 | -€3 | -95.2% |
| Credit institutions | 430/8 | €3 | €0 | -€3 | -95.2% |
| Trade debts | 44 | €3,047 | €1,232 | -€1,815 | -59.6% |
| Suppliers | 440/4 | €3,047 | €1,232 | -€1,815 | -59.6% |
| Taxes, remuneration and social security | 45 | €13,886 | €18,530 | +€4,643 | +33.4% |
| Taxes | 450/3 | €12,136 | €16,780 | +€4,643 | +38.3% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €55,000 | €190,432 | +€135,432 | +246.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €901 | €1,115 | +€214 | +23.8% |
| Other operating charges | 640/8 | €812 | €821 | +€8 | +1.0% |
| Gross operating margin | 9900 | €199,358 | €175,349 | -€24,010 | -12.0% |
| Operating profit (loss) | 9901 | €197,645 | €173,413 | -€24,232 | -12.3% |
| Financial charges | 65/66B | €165 | €179 | +€14 | +8.5% |
| Recurring financial charges | 65 | €165 | €179 | +€14 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €197,480 | €173,234 | -€24,246 | -12.3% |
| Income taxes | 67/77 | €51,133 | €39,622 | -€11,511 | -22.5% |
| Profit (loss) for the period | 9904 | €146,347 | €133,612 | -€12,735 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €146,347 | €133,612 | -€12,735 | -8.7% |
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 8 October 2026 via checked.be.