NuSiaM: 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.
NuSiaM
Largest movements
- Receivables within one year +€6,482
up €6,482 (+47.8%), from €13,571 to €20,054
of which Trade receivables: +€5,290
- Cash -€5,074
down €5,074 (-81.4%), from €6,234 to €1,160
mainly Receivables within one year (-€6,482) and Debts after one year (-€4,597)
- Tangible fixed assets -€4,819
down €4,819 (-29.1%), from €16,579 to €11,760
- Stocks and contracts -€3,291
down €3,291 (-57.5%), from €5,720 to €2,428
- Debts after one year -€4,597
down €4,597 (-36.9%), from €12,473 to €7,877
- Profit (loss) carried forward -€3,464
down €3,464 (-11.7%), from -€29,692 to -€33,156
- Trade debts +€3,208
up €3,208 (+1037.2%), from €309 to €3,517
- Current portion of long-term debt -€1,462
down €1,462 (-24.1%), from €6,058 to €4,597
- Accrued charges and deferred income -€882
no longer reported in 2025 (was €882)
- Gross operating margin -€8,848
down €8,848 (-84.6%), from €10,462 to €1,614
- Financial income +€2,841
up €2,841 (+3217.6%), from €88 to €2,929
of which Non-recurring financial income: +€2,752
- Financial charges -€628
down €628 (-22.1%), from €2,839 to €2,211
- Other operating charges +€127
up €127 (+18.9%), from €674 to €802
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 | €43,004 | €36,302 | -€6,702 | -15.6% |
| Fixed assets | 21/28 | €17,479 | €12,660 | -€4,819 | -27.6% |
| Tangible fixed assets | 22/27 | €16,579 | €11,760 | -€4,819 | -29.1% |
| Furniture and vehicles | 24 | €16,579 | €11,760 | -€4,819 | -29.1% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €25,525 | €23,642 | -€1,884 | -7.4% |
| Stocks and contracts in progress | 3 | €5,720 | €2,428 | -€3,291 | -57.5% |
| Stocks | 30/36 | €5,720 | €2,428 | -€3,291 | -57.5% |
| Amounts receivable within one year | 40/41 | €13,571 | €20,054 | +€6,482 | +47.8% |
| Trade receivables | 40 | €2,923 | €8,213 | +€5,290 | +181.0% |
| Other amounts receivable | 41 | €10,649 | €11,841 | +€1,192 | +11.2% |
| Cash at bank and in hand | 54/58 | €6,234 | €1,160 | -€5,074 | -81.4% |
| Total equity and liabilities | 10/49 | €43,004 | €36,302 | -€6,702 | -15.6% |
| Equity | 10/15 | -€11,142 | -€14,606 | -€3,464 | -31.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,692 | -€33,156 | -€3,464 | -11.7% |
| Amounts payable | 17/49 | €54,146 | €50,908 | -€3,238 | -6.0% |
| Amounts payable after more than one year | 17 | €12,473 | €7,877 | -€4,597 | -36.9% |
| Financial debts | 170/4 | €12,473 | €7,877 | -€4,597 | -36.9% |
| Amounts payable within one year | 42/48 | €40,790 | €43,031 | +€2,241 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €6,058 | €4,597 | -€1,462 | -24.1% |
| Trade debts | 44 | €309 | €3,517 | +€3,208 | +1037.2% |
| Suppliers | 440/4 | €309 | €3,517 | +€3,208 | +1037.2% |
| Taxes, remuneration and social security | 45 | €1,977 | €1,983 | +€6 | +0.3% |
| Taxes | 450/3 | €1,004 | €825 | -€179 | -17.8% |
| Remuneration and social security | 454/9 | €973 | €1,158 | +€185 | +19.0% |
| Other amounts payable | 47/48 | €32,446 | €32,934 | +€488 | +1.5% |
| Accrued charges and deferred income | 492/3 | €882 | - | -€882 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,837 | €4,819 | -€19 | -0.4% |
| Other operating charges | 640/8 | €674 | €802 | +€127 | +18.9% |
| Gross operating margin | 9900 | €10,462 | €1,614 | -€8,848 | -84.6% |
| Operating profit (loss) | 9901 | €4,951 | -€4,006 | -€8,957 | |
| Financial income | 75/76B | €88 | €2,929 | +€2,841 | +3217.6% |
| Recurring financial income | 75 | €88 | €178 | +€90 | +101.4% |
| Non-recurring financial income | 76B | - | €2,752 | +€2,752 | |
| Financial charges | 65/66B | €2,839 | €2,211 | -€628 | -22.1% |
| Recurring financial charges | 65 | €2,839 | €2,211 | -€628 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €2,200 | -€3,288 | -€5,487 | |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | €2,025 | -€3,464 | -€5,489 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,025 | -€3,464 | -€5,489 |
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 5 October 2026 via checked.be.