nSilition: 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.
nSilition
Largest movements
- Cash -€180,707
down €180,707 (-59.6%), from €302,980 to €122,273
mainly Investment in fixed assets (net) (-€239,478) and Net result for the year (-€104,930)
- Stocks and contracts -€50,526
down €50,526 (-15.6%), from €323,728 to €273,202
- Receivables within one year -€34,687
down €34,687 (-5.8%), from €593,494 to €558,806
of which Trade receivables: -€78,200
- Intangible fixed assets +€25,435
new in 2025: €25,435
- Deferred charges and accrued income -€13,765
down €13,765 (-19.7%), from €69,718 to €55,952
- Profit (loss) carried forward -€439,930
down €439,930 (-99.9%), from €440,421 to €491
- Reserves +€321,747
up €321,747 (+87.9%), from €365,992 to €687,739
of which Distributable reserves: +€335,000
- Trade debts -€98,197
down €98,197 (-26.9%), from €364,802 to €266,605
- Short-term financial debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Current portion of long-term debt -€21,333
down €21,333 (-71.2%), from €29,958 to €8,625
- Gross operating margin -€213,331
down €213,331 (-46.6%), from €458,210 to €244,879
- Staff costs -€71,119
down €71,119 (-18.8%), from €378,206 to €307,087
- Financial income -€59,689
down €59,689 (-26.3%), from €227,027 to €167,338
- Depreciation -€53,763
down €53,763 (-19.5%), from €276,157 to €222,395
- Taxes -€11,039
down €11,039 (-238%), from -€4,648 to -€15,687
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 | €1,328,382 | €1,065,780 | -€262,602 | -19.8% |
| Fixed assets | 21/28 | €38,463 | €55,547 | +€17,084 | +44.4% |
| Intangible fixed assets | 21 | - | €25,435 | +€25,435 | |
| Tangible fixed assets | 22/27 | €34,023 | €25,671 | -€8,352 | -24.5% |
| Plant, machinery and equipment | 23 | €1,132 | €726 | -€406 | -35.9% |
| Furniture and vehicles | 24 | €32,891 | €24,945 | -€7,946 | -24.2% |
| Financial fixed assets | 28 | €4,440 | €4,440 | = | 0.0% |
| Current assets | 29/58 | €1,289,920 | €1,010,233 | -€279,686 | -21.7% |
| Stocks and contracts in progress | 3 | €323,728 | €273,202 | -€50,526 | -15.6% |
| Contracts in progress | 37 | €323,728 | €273,202 | -€50,526 | -15.6% |
| Amounts receivable within one year | 40/41 | €593,494 | €558,806 | -€34,687 | -5.8% |
| Trade receivables | 40 | €348,024 | €269,824 | -€78,200 | -22.5% |
| Other amounts receivable | 41 | €245,470 | €288,982 | +€43,512 | +17.7% |
| Cash at bank and in hand | 54/58 | €302,980 | €122,273 | -€180,707 | -59.6% |
| Deferred charges and accrued income | 490/1 | €69,718 | €55,952 | -€13,765 | -19.7% |
| Total equity and liabilities | 10/49 | €1,328,382 | €1,065,780 | -€262,602 | -19.8% |
| Equity | 10/15 | €826,413 | €708,230 | -€118,183 | -14.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €365,992 | €687,739 | +€321,747 | +87.9% |
| Tax-exempt reserves | 132 | €63,992 | €50,739 | -€13,253 | -20.7% |
| Distributable reserves | 133 | €302,000 | €637,000 | +€335,000 | +111% |
| Profit (loss) carried forward | 14 | €440,421 | €491 | -€439,930 | -99.9% |
| Amounts payable | 17/49 | €501,970 | €357,550 | -€144,419 | -28.8% |
| Amounts payable after more than one year | 17 | €10,097 | €23,050 | +€12,953 | +128% |
| Financial debts | 170/4 | €10,097 | €1,473 | -€8,625 | -85.4% |
| Other amounts payable | 178/9 | - | €21,577 | +€21,577 | |
| Amounts payable within one year | 42/48 | €491,188 | €332,118 | -€159,069 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €29,958 | €8,625 | -€21,333 | -71.2% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €364,802 | €266,605 | -€98,197 | -26.9% |
| Suppliers | 440/4 | €364,802 | €266,605 | -€98,197 | -26.9% |
| Taxes, remuneration and social security | 45 | €45,641 | €56,040 | +€10,398 | +22.8% |
| Taxes | 450/3 | €1,134 | €1,776 | +€642 | +56.6% |
| Remuneration and social security | 454/9 | €44,507 | €54,264 | +€9,757 | +21.9% |
| Other amounts payable | 47/48 | €786 | €849 | +€63 | +8.1% |
| Accrued charges and deferred income | 492/3 | €685 | €2,382 | +€1,697 | +248% |
| Remuneration, social security and pensions | 62 | €378,206 | €307,087 | -€71,119 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276,157 | €222,395 | -€53,763 | -19.5% |
| Other operating charges | 640/8 | €1,671 | €1,227 | -€444 | -26.6% |
| Gross operating margin | 9900 | €458,210 | €244,879 | -€213,331 | -46.6% |
| Operating profit (loss) | 9901 | -€197,825 | -€285,830 | -€88,005 | -44.5% |
| Financial income | 75/76B | €227,027 | €167,338 | -€59,689 | -26.3% |
| Recurring financial income | 75 | €227,027 | €167,338 | -€59,689 | -26.3% |
| Financial charges | 65/66B | €8,025 | €2,126 | -€5,899 | -73.5% |
| Recurring financial charges | 65 | €8,025 | €2,126 | -€5,899 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | €21,177 | -€120,617 | -€141,795 | |
| Income taxes | 67/77 | -€4,648 | -€15,687 | -€11,039 | -238% |
| Profit (loss) for the period | 9904 | €25,825 | -€104,930 | -€130,755 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,825 | -€104,930 | -€130,755 |
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 20 October 2026 via checked.be.