NIGEC: 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.
NIGEC
Largest movements
- Receivables within one year +€16,999
up €16,999 (+46.7%), from €36,387 to €53,386
of which Other amounts receivable: +€20,849
- Cash -€16,265
down €16,265 (-44.1%), from €36,845 to €20,581
mainly Contributions, distributions and other (-€25,000) and Receivables within one year (-€16,999)
- Tangible fixed assets -€6,806
down €6,806 (-49.8%), from €13,670 to €6,864
of which Furniture and vehicles: -€4,006
- Profit (loss) carried forward -€26,923
down €26,923 (-59.3%), from €45,435 to €18,512
- Other debts +€25,000
new in 2025: €25,000
- Tax, wage and social debts -€2,976
down €2,976 (-28.8%), from €10,349 to €7,374
- Trade debts -€1,141
down €1,141 (-10.4%), from €10,980 to €9,839
- Gross operating margin -€23,366
down €23,366 (-70.2%), from €33,280 to €9,914
- Taxes -€5,334
down €5,334 (-72.7%), from €7,340 to €2,006
- Other operating charges +€629
up €629 (+60.2%), from €1,045 to €1,674
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 | €87,224 | €81,185 | -€6,039 | -6.9% |
| Fixed assets | 21/28 | €13,670 | €6,864 | -€6,806 | -49.8% |
| Tangible fixed assets | 22/27 | €13,670 | €6,864 | -€6,806 | -49.8% |
| Furniture and vehicles | 24 | €4,226 | €220 | -€4,006 | -94.8% |
| Leasing and similar rights | 25 | €9,443 | €6,643 | -€2,800 | -29.7% |
| Current assets | 29/58 | €73,554 | €74,321 | +€767 | +1.0% |
| Amounts receivable within one year | 40/41 | €36,387 | €53,386 | +€16,999 | +46.7% |
| Trade receivables | 40 | €13,321 | €9,471 | -€3,850 | -28.9% |
| Other amounts receivable | 41 | €23,066 | €43,914 | +€20,849 | +90.4% |
| Cash at bank and in hand | 54/58 | €36,845 | €20,581 | -€16,265 | -44.1% |
| Deferred charges and accrued income | 490/1 | €322 | €355 | +€33 | +10.1% |
| Total equity and liabilities | 10/49 | €87,224 | €81,185 | -€6,039 | -6.9% |
| Equity | 10/15 | €65,895 | €38,972 | -€26,923 | -40.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,435 | €18,512 | -€26,923 | -59.3% |
| Amounts payable | 17/49 | €21,329 | €42,213 | +€20,884 | +97.9% |
| Amounts payable within one year | 42/48 | €21,329 | €42,213 | +€20,884 | +97.9% |
| Trade debts | 44 | €10,980 | €9,839 | -€1,141 | -10.4% |
| Suppliers | 440/4 | €10,980 | €9,839 | -€1,141 | -10.4% |
| Taxes, remuneration and social security | 45 | €10,349 | €7,374 | -€2,976 | -28.8% |
| Taxes | 450/3 | €10,349 | €7,374 | -€2,976 | -28.8% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,015 | €6,806 | -€209 | -3.0% |
| Other operating charges | 640/8 | €1,045 | €1,674 | +€629 | +60.2% |
| Non-recurring operating charges | 66A | €63 | €421 | +€358 | +567% |
| Gross operating margin | 9900 | €33,280 | €9,914 | -€23,366 | -70.2% |
| Operating profit (loss) | 9901 | €25,156 | €1,013 | -€24,143 | -96.0% |
| Financial income | 75/76B | €1,914 | €1,734 | -€179 | -9.4% |
| Recurring financial income | 75 | €1,914 | €1,734 | -€179 | -9.4% |
| Financial charges | 65/66B | €2,988 | €2,664 | -€324 | -10.8% |
| Recurring financial charges | 65 | €2,988 | €2,664 | -€324 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €24,082 | €83 | -€23,999 | -99.7% |
| Income taxes | 67/77 | €7,340 | €2,006 | -€5,334 | -72.7% |
| Profit (loss) for the period | 9904 | €16,742 | -€1,923 | -€18,665 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,742 | -€1,923 | -€18,665 |
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 22 October 2026 via checked.be.