NSI IT Software & Services: what changed
What changed
NSI IT Software & Services
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
€6.6m
2024 · €5.9m+€723,179
Equity
€35.5m
2024 · €30.9m+€4.6m
Cash
€6.8m
2024 · €7.2m-€409,161
Balance sheet total
€122.3m
2024 · €119.0m+€3.3m
Largest movements
Assets
- Financial fixed assets +€3.0m
up €3.0m (+7.4%), from €41.0m to €44.0m
of which Affiliated companies: +€3.0m
- Current investments -€2.8m
down €2.8m (-33.7%), from €8.3m to €5.5m
- Receivables within one year +€2.5m
up €2.5m (+5.6%), from €44.5m to €47.0m
of which Trade receivables: +€4.3m
Equity and liabilities
- Debts after one year -€5.6m
down €5.6m (-24.3%), from €22.9m to €17.3m
- Reserves +€4.6m
up €4.6m (+16.0%), from €28.8m to €33.4m
of which Distributable reserves: +€5.4m
- Other debts +€1.8m
up €1.8m (+12.2%), from €14.5m to €16.3m
- Accrued charges and deferred income +€1.4m
up €1.4m (+30.7%), from €4.4m to €5.8m
Income statement
- Services and other goods -€4.0m
down €4.0m (-6.0%), from €67.1m to €63.1m
- Turnover -€2.7m
down €2.7m (-1.7%), from €156.6m to €153.9m
- Goods and materials +€2.0m
up €2.0m (+8.1%), from €24.4m to €26.4m
of which Purchases: +€1.7m
- Staff costs +€1.8m
up €1.8m (+3.1%), from €56.0m to €57.7m
- Other operating income +€1.8m
up €1.8m (+53.4%), from €3.3m to €5.1m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5.9m
Turnover
-€2.7m
Other operating income
+€1.8m
Goods and materials
-€2.0m
Services and other goods
+€4.0m
Staff costs
-€1.8m
Depreciation
-€309,778
Write-downs
+€111,229
Provisions
-€183,593
Other operating charges
+€72,261
Other operating items
+€1.3m
Financial income
+€304,496
Financial charges
-€1.0m
Taxes
+€1.1m
Result 2025
€6.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€10.4m
Investment
-€3.3m
Financing
-€7.5m
Cash 2024
€7.2m
From operations (derived)
+€10.4m
Net result for the year
+€6.6m
Depreciation
+€2.2m
Receivables after one year
+€413,800
Stocks and contracts
+€55,720
Receivables within one year
-€2.5m
Deferred charges and accrued income
-€663,827
Provisions
+€192,315
Trade debts
+€276,776
Tax, wage and social debts
+€1.0m
Advances received
-€443,704
Other debts
+€1.8m
Accrued charges and deferred income
+€1.4m
Investment (derived)
-€3.3m
Investment in fixed assets (net)
-€6.1m
Current investments
+€2.8m
Financing
-€7.5m
Debts after one year
-€5.6m
Current portion of long-term debt
+€1.0m
Short-term financial debts
-€963,012
Contributions, distributions and other
-€2.0m
Cash 2025
€6.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,978,651 | €122,306,595 | +€3.3m | +2.8% |
| Fixed assets | 21/28 | €53,410,258 | €57,277,858 | +€3.9m | +7.2% |
| Intangible fixed assets | 21 | €11,251,086 | €12,256,621 | +€1.0m | +8.9% |
| Tangible fixed assets | 22/27 | €1,156,297 | €980,638 | -€175,659 | -15.2% |
| Plant, machinery and equipment | 23 | €458,100 | €454,182 | -€3,918 | -0.9% |
| Furniture and vehicles | 24 | €239,768 | €195,263 | -€44,505 | -18.6% |
| Leasing and similar rights | 25 | €177,064 | €115,029 | -€62,035 | -35.0% |
| Other tangible fixed assets | 26 | €281,365 | €216,164 | -€65,201 | -23.2% |
| Financial fixed assets | 28 | €41,002,875 | €44,040,599 | +€3.0m | +7.4% |
| Affiliated companies | 280/1 | €40,892,077 | €43,925,579 | +€3.0m | +7.4% |
| Participating interests | 280 | €40,892,077 | €43,925,579 | +€3.0m | +7.4% |
| Other financial fixed assets | 284/8 | €110,798 | €115,020 | +€4,222 | +3.8% |
| Shares | 284 | €16,943 | €16,943 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €93,855 | €98,077 | +€4,222 | +4.5% |
| Current assets | 29/58 | €65,568,393 | €65,028,737 | -€539,656 | -0.8% |
| Amounts receivable after more than one year | 29 | €452,920 | €39,120 | -€413,800 | -91.4% |
| Other amounts receivable | 291 | €452,920 | €39,120 | -€413,800 | -91.4% |
| Stocks and contracts in progress | 3 | €2,514,558 | €2,458,838 | -€55,720 | -2.2% |
| Stocks | 30/36 | €598,700 | €346,364 | -€252,336 | -42.1% |
| Goods purchased for resale | 34 | €598,700 | €346,364 | -€252,336 | -42.1% |
| Contracts in progress | 37 | €1,915,858 | €2,112,474 | +€196,616 | +10.3% |
| Amounts receivable within one year | 40/41 | €44,517,449 | €46,992,647 | +€2.5m | +5.6% |
| Trade receivables | 40 | €40,559,537 | €44,842,359 | +€4.3m | +10.6% |
| Other amounts receivable | 41 | €3,957,912 | €2,150,288 | -€1.8m | -45.7% |
| Current investments | 50/53 | €8,300,000 | €5,500,000 | -€2.8m | -33.7% |
| Other investments | 51/53 | €8,300,000 | €5,500,000 | -€2.8m | -33.7% |
| Cash at bank and in hand | 54/58 | €7,177,725 | €6,768,564 | -€409,161 | -5.7% |
| Deferred charges and accrued income | 490/1 | €2,605,741 | €3,269,568 | +€663,827 | +25.5% |
| Total equity and liabilities | 10/49 | €118,978,651 | €122,306,595 | +€3.3m | +2.8% |
| Equity | 10/15 | €30,858,469 | €35,478,195 | +€4.6m | +15.0% |
| Contributions | 10/11 | €2,024,048 | €2,024,048 | = | 0.0% |
| Capital | 10 | €2,024,048 | €2,024,048 | = | 0.0% |
| Issued capital | 100 | €2,024,048 | €2,024,048 | = | 0.0% |
| Reserves | 13 | €28,823,993 | €33,445,994 | +€4.6m | +16.0% |
| Non-distributable reserves | 130/1 | €202,405 | €202,405 | = | 0.0% |
| Legal reserve | 130 | €202,405 | €202,405 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,034,330 | €2,244,955 | -€789,375 | -26.0% |
| Distributable reserves | 133 | €25,587,258 | €30,998,634 | +€5.4m | +21.1% |
| Investment grants | 15 | €10,428 | €8,153 | -€2,275 | -21.8% |
| Provisions and deferred taxes | 16 | €13,069 | €205,384 | +€192,315 | +1,472% |
| Provisions for liabilities and charges | 160/5 | €9,500 | €202,593 | +€193,093 | +2,033% |
| Other liabilities and charges | 164/5 | €9,500 | €202,593 | +€193,093 | +2,033% |
| Deferred taxes | 168 | €3,569 | €2,791 | -€778 | -21.8% |
| Amounts payable | 17/49 | €88,107,113 | €86,623,016 | -€1.5m | -1.7% |
| Amounts payable after more than one year | 17 | €22,852,322 | €17,301,181 | -€5.6m | -24.3% |
| Financial debts | 170/4 | €22,852,322 | €17,301,181 | -€5.6m | -24.3% |
| Credit institutions | 173 | €22,852,322 | €17,301,181 | -€5.6m | -24.3% |
| Amounts payable within one year | 42/48 | €60,846,510 | €63,560,852 | +€2.7m | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €3,415,518 | €4,437,541 | +€1.0m | +29.9% |
| Financial debts | 43 | €6,229,451 | €5,266,439 | -€963,012 | -15.5% |
| Credit institutions | 430/8 | €6,229,451 | €5,266,439 | -€963,012 | -15.5% |
| Trade debts | 44 | €19,298,542 | €19,575,318 | +€276,776 | +1.4% |
| Suppliers | 440/4 | €19,298,542 | €19,575,318 | +€276,776 | +1.4% |
| Advances received on contracts in progress | 46 | €3,690,471 | €3,246,767 | -€443,704 | -12.0% |
| Taxes, remuneration and social security | 45 | €13,686,593 | €14,730,396 | +€1.0m | +7.6% |
| Taxes | 450/3 | €3,662,667 | €4,902,912 | +€1.2m | +33.9% |
| Remuneration and social security | 454/9 | €10,023,926 | €9,827,484 | -€196,442 | -2.0% |
| Other amounts payable | 47/48 | €14,525,935 | €16,304,391 | +€1.8m | +12.2% |
| Accrued charges and deferred income | 492/3 | €4,408,281 | €5,760,983 | +€1.4m | +30.7% |
| Operating income | 70/76A | €159,099,821 | €159,496,486 | +€396,665 | +0.2% |
| Turnover | 70 | €156,620,534 | €153,918,041 | -€2.7m | -1.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,156,656 | €493,780 | +€1.7m | |
| Other operating income | 74 | €3,298,609 | €5,060,295 | +€1.8m | +53.4% |
| Non-recurring operating income | 76A | €337,334 | €24,370 | -€312,964 | -92.8% |
| Operating charges | 60/66A | €149,682,488 | €149,735,496 | +€53,008 | 0.0% |
| Goods for resale, raw materials and consumables | 60 | €24,409,750 | €26,378,972 | +€2.0m | +8.1% |
| Purchases | 600/8 | €24,548,272 | €26,239,948 | +€1.7m | +6.9% |
| Change in stocks: decrease (increase) | 609 | -€138,522 | €139,024 | +€277,546 | |
| Services and other goods | 61 | €67,079,358 | €63,082,065 | -€4.0m | -6.0% |
| Remuneration, social security and pensions | 62 | €55,972,360 | €57,735,157 | +€1.8m | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,927,918 | €2,237,696 | +€309,778 | +16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €111,469 | €240 | -€111,229 | -99.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €9,500 | €193,093 | +€183,593 | +1,933% |
| Other operating charges | 640/8 | €167,643 | €95,382 | -€72,261 | -43.1% |
| Non-recurring operating charges | 66A | €4,490 | €12,891 | +€8,401 | +187% |
| Operating profit (loss) | 9901 | €9,417,333 | €9,760,990 | +€343,657 | +3.6% |
| Financial income | 75/76B | €1,006,747 | €1,311,243 | +€304,496 | +30.2% |
| Recurring financial income | 75 | €1,006,747 | €1,311,243 | +€304,496 | +30.2% |
| Income from financial fixed assets | 750 | €517,648 | €1,000,000 | +€482,352 | +93.2% |
| Income from current assets | 751 | €322,714 | €158,029 | -€164,685 | -51.0% |
| Other financial income | 752/9 | €166,385 | €153,214 | -€13,171 | -7.9% |
| Financial charges | 65/66B | €577,607 | €1,604,512 | +€1.0m | +178% |
| Recurring financial charges | 65 | €577,607 | €1,604,512 | +€1.0m | +178% |
| Debt charges | 650 | €375,526 | €1,360,552 | +€985,026 | +262% |
| Other financial charges | 652/9 | €202,081 | €243,960 | +€41,879 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €9,846,473 | €9,467,721 | -€378,752 | -3.8% |
| Transfer from deferred taxes | 780 | €779 | €779 | = | 0.0% |
| Income taxes | 67/77 | €3,967,571 | €2,865,640 | -€1.1m | -27.8% |
| Taxes | 670/3 | €4,020,821 | €3,466,093 | -€554,728 | -13.8% |
| Tax adjustments and reversals of tax provisions | 77 | €53,250 | €600,453 | +€547,203 | +1,028% |
| Profit (loss) for the period | 9904 | €5,879,681 | €6,602,860 | +€723,179 | +12.3% |
| Transfer from tax-exempt reserves | 789 | €989,350 | €1,789,250 | +€799,900 | +80.9% |
| Transfer to tax-exempt reserves | 689 | €842,000 | €999,875 | +€157,875 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,027,031 | €7,392,235 | +€1.4m | +22.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.