NISTEMA: 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.
NISTEMA
Largest movements
- Receivables within one year +€6,770
up €6,770 (+32.0%), from €21,185 to €27,956
of which Trade receivables: +€13,755
- Cash -€5,281
down €5,281 (-19.0%), from €27,787 to €22,506
mainly Receivables within one year (-€6,770) and Trade debts (-€3,414)
- Tangible fixed assets -€1,563
down €1,563 (-21.7%), from €7,209 to €5,645
- Profit (loss) carried forward +€4,742
up €4,742 (+77.5%), from €6,121 to €10,863
- Trade debts -€3,414
down €3,414 (-100.0%), from €3,414 to €0
- Tax, wage and social debts -€3,331
no longer reported in 2025 (was €3,331)
- Other debts +€1,929
up €1,929 (+19.3%), from €9,987 to €11,916
- Taxes -€1,003
down €1,003 (-25.5%), from €3,933 to €2,930
- Depreciation +€955
up €955 (+157%), from €609 to €1,563
- Other operating charges +€757
up €757 (+68.4%), from €1,106 to €1,863
- Gross operating margin -€566
down €566 (-4.9%), from €11,549 to €10,983
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 | €56,181 | €56,107 | -€74 | -0.1% |
| Fixed assets | 21/28 | €7,209 | €5,645 | -€1,563 | -21.7% |
| Tangible fixed assets | 22/27 | €7,209 | €5,645 | -€1,563 | -21.7% |
| Furniture and vehicles | 24 | €7,209 | €5,645 | -€1,563 | -21.7% |
| Current assets | 29/58 | €48,973 | €50,462 | +€1,489 | +3.0% |
| Amounts receivable within one year | 40/41 | €21,185 | €27,956 | +€6,770 | +32.0% |
| Trade receivables | 40 | €9,632 | €23,387 | +€13,755 | +143% |
| Other amounts receivable | 41 | €11,553 | €4,569 | -€6,984 | -60.5% |
| Cash at bank and in hand | 54/58 | €27,787 | €22,506 | -€5,281 | -19.0% |
| Total equity and liabilities | 10/49 | €56,181 | €56,107 | -€74 | -0.1% |
| Equity | 10/15 | €39,448 | €44,191 | +€4,742 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,728 | €14,728 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,868 | €12,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,121 | €10,863 | +€4,742 | +77.5% |
| Amounts payable | 17/49 | €16,733 | €11,917 | -€4,816 | -28.8% |
| Amounts payable within one year | 42/48 | €16,733 | €11,917 | -€4,816 | -28.8% |
| Trade debts | 44 | €3,414 | €0 | -€3,414 | -100.0% |
| Suppliers | 440/4 | €3,414 | €0 | -€3,414 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,331 | - | -€3,331 | |
| Taxes | 450/3 | €3,331 | - | -€3,331 | |
| Other amounts payable | 47/48 | €9,987 | €11,916 | +€1,929 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609 | €1,563 | +€955 | +157% |
| Other operating charges | 640/8 | €1,106 | €1,863 | +€757 | +68.4% |
| Gross operating margin | 9900 | €11,549 | €10,983 | -€566 | -4.9% |
| Operating profit (loss) | 9901 | €9,834 | €7,556 | -€2,278 | -23.2% |
| Financial income | 75/76B | €198 | €163 | -€35 | -17.7% |
| Recurring financial income | 75 | €198 | €163 | -€35 | -17.7% |
| Financial charges | 65/66B | €70 | €46 | -€23 | -33.6% |
| Recurring financial charges | 65 | €70 | €46 | -€23 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €9,962 | €7,673 | -€2,290 | -23.0% |
| Income taxes | 67/77 | €3,933 | €2,930 | -€1,003 | -25.5% |
| Profit (loss) for the period | 9904 | €6,029 | €4,742 | -€1,287 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,029 | €4,742 | -€1,287 | -21.3% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.