NIROX: 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.
NIROX
Largest movements
- Receivables within one year -€13,308
down €13,308 (-57.8%), from €23,014 to €9,706
of which Trade receivables: -€13,050
- Tangible fixed assets -€6,782
down €6,782 (-4.1%), from €165,282 to €158,500
- Profit (loss) carried forward +€36,456
up €36,456 (+90.0%), from -€40,499 to -€4,043
- Other debts -€26,962
down €26,962 (-37.0%), from €72,784 to €45,822
- Debts after one year -€16,593
down €16,593 (-14.6%), from €113,666 to €97,073
- Trade debts -€7,631
down €7,631 (-90.2%), from €8,463 to €832
- Short-term financial debts -€5,233
down €5,233 (-53.5%), from €9,776 to €4,543
- Depreciation -€3,198
down €3,198 (-32.0%), from €9,980 to €6,782
- Financial charges +€2,996
up €2,996 (+31.9%), from €9,392 to €12,388
- Other operating charges -€1,615
down €1,615 (-40.8%), from €3,960 to €2,345
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 | €228,359 | €208,982 | -€19,378 | -8.5% |
| Fixed assets | 21/28 | €205,282 | €198,500 | -€6,782 | -3.3% |
| Tangible fixed assets | 22/27 | €165,282 | €158,500 | -€6,782 | -4.1% |
| Land and buildings | 22 | €165,282 | €158,500 | -€6,782 | -4.1% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €23,078 | €10,482 | -€12,596 | -54.6% |
| Amounts receivable within one year | 40/41 | €23,014 | €9,706 | -€13,308 | -57.8% |
| Trade receivables | 40 | €21,100 | €8,050 | -€13,050 | -61.8% |
| Other amounts receivable | 41 | €1,914 | €1,655 | -€259 | -13.5% |
| Cash at bank and in hand | 54/58 | €64 | €64 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €712 | +€712 | |
| Total equity and liabilities | 10/49 | €228,359 | €208,982 | -€19,378 | -8.5% |
| Equity | 10/15 | -€727 | €35,729 | +€36,456 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €21,180 | €21,180 | = | 0.0% |
| Distributable reserves | 133 | €21,180 | €21,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,499 | -€4,043 | +€36,456 | +90.0% |
| Amounts payable | 17/49 | €229,086 | €173,252 | -€55,834 | -24.4% |
| Amounts payable after more than one year | 17 | €113,666 | €97,073 | -€16,593 | -14.6% |
| Financial debts | 170/4 | €113,666 | €97,073 | -€16,593 | -14.6% |
| Amounts payable within one year | 42/48 | €115,054 | €76,179 | -€38,875 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €16,138 | €16,969 | +€831 | +5.2% |
| Financial debts | 43 | €9,776 | €4,543 | -€5,233 | -53.5% |
| Credit institutions | 430/8 | €9,776 | €4,543 | -€5,233 | -53.5% |
| Trade debts | 44 | €8,463 | €832 | -€7,631 | -90.2% |
| Suppliers | 440/4 | €8,463 | €832 | -€7,631 | -90.2% |
| Taxes, remuneration and social security | 45 | €7,893 | €8,013 | +€120 | +1.5% |
| Taxes | 450/3 | €7,893 | €8,013 | +€120 | +1.5% |
| Other amounts payable | 47/48 | €72,784 | €45,822 | -€26,962 | -37.0% |
| Accrued charges and deferred income | 492/3 | €365 | - | -€365 | |
| Non-recurring operating income | 76A | €2,810 | - | -€2,810 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,980 | €6,782 | -€3,198 | -32.0% |
| Other operating charges | 640/8 | €3,960 | €2,345 | -€1,615 | -40.8% |
| Gross operating margin | 9900 | €58,432 | €59,007 | +€575 | +1.0% |
| Operating profit (loss) | 9901 | €44,493 | €49,881 | +€5,388 | +12.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €9,392 | €12,388 | +€2,996 | +31.9% |
| Recurring financial charges | 65 | €9,392 | €12,388 | +€2,996 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | €35,102 | €37,493 | +€2,392 | +6.8% |
| Income taxes | 67/77 | €465 | €1,037 | +€572 | +123% |
| Profit (loss) for the period | 9904 | €34,637 | €36,456 | +€1,819 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,637 | €36,456 | +€1,819 | +5.3% |
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 18 October 2026 via checked.be.