NILAN BELGIUM: 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.
NILAN BELGIUM
Largest movements
- Receivables after one year +€282,197
up €282,197 (+101.4%), from €278,400 to €560,597
- Cash +€172,176
up €172,176 (+186.6%), from €92,256 to €264,432
mainly Net result for the year (+€690,341) and Trade debts (+€300,505)
- Receivables within one year +€78,328
up €78,328 (+4.2%), from €1.9m to €1.9m
of which Other amounts receivable: +€557,988
- Reserves +€690,341
up €690,341 (+46.7%), from €1.5m to €2.2m
of which Distributable reserves: +€690,341
- Trade debts +€300,505
up €300,505 (+51.1%), from €587,511 to €888,015
- Debts after one year -€183,043
down €183,043 (-20.8%), from €881,523 to €698,479
- Short-term financial debts -€149,281
down €149,281 (-49.5%), from €301,863 to €152,582
- Tax, wage and social debts -€123,507
down €123,507 (-34.0%), from €362,935 to €239,427
- Gross operating margin -€768,873
down €768,873 (-41.5%), from €1.9m to €1.1m
- Taxes -€194,815
down €194,815 (-41.4%), from €470,553 to €275,738
- Depreciation +€43,065
up €43,065 (+63.8%), from €67,464 to €110,529
- Financial income +€36,714
up €36,714 (+226.9%), from €16,184 to €52,897
- Other operating charges +€36,527
up €36,527 (+390.8%), from €9,347 to €45,874
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 | €3,717,062 | €4,249,742 | +€532,680 | +14.3% |
| Fixed assets | 21/28 | €979,176 | €987,666 | +€8,490 | +0.9% |
| Intangible fixed assets | 21 | €103,065 | €91,398 | -€11,667 | -11.3% |
| Tangible fixed assets | 22/27 | €873,001 | €892,084 | +€19,083 | +2.2% |
| Land and buildings | 22 | €836,717 | €862,513 | +€25,797 | +3.1% |
| Plant, machinery and equipment | 23 | €34,249 | €22,354 | -€11,894 | -34.7% |
| Furniture and vehicles | 24 | €2,036 | €7,217 | +€5,180 | +254.4% |
| Financial fixed assets | 28 | €3,110 | €4,183 | +€1,073 | +34.5% |
| Current assets | 29/58 | €2,737,886 | €3,262,076 | +€524,191 | +19.1% |
| Amounts receivable after more than one year | 29 | €278,400 | €560,597 | +€282,197 | +101.4% |
| Other amounts receivable | 291 | €278,400 | €560,597 | +€282,197 | +101.4% |
| Stocks and contracts in progress | 3 | €487,563 | €461,090 | -€26,473 | -5.4% |
| Stocks | 30/36 | €487,563 | €461,090 | -€26,473 | -5.4% |
| Amounts receivable within one year | 40/41 | €1,868,186 | €1,946,513 | +€78,328 | +4.2% |
| Trade receivables | 40 | €1,372,151 | €892,491 | -€479,660 | -35.0% |
| Other amounts receivable | 41 | €496,035 | €1,054,023 | +€557,988 | +112.5% |
| Cash at bank and in hand | 54/58 | €92,256 | €264,432 | +€172,176 | +186.6% |
| Deferred charges and accrued income | 490/1 | €11,481 | €29,444 | +€17,963 | +156.5% |
| Total equity and liabilities | 10/49 | €3,717,062 | €4,249,742 | +€532,680 | +14.3% |
| Equity | 10/15 | €1,497,853 | €2,188,195 | +€690,341 | +46.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,479,253 | €2,169,595 | +€690,341 | +46.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,477,393 | €2,167,735 | +€690,341 | +46.7% |
| Amounts payable | 17/49 | €2,219,208 | €2,061,547 | -€157,661 | -7.1% |
| Amounts payable after more than one year | 17 | €881,523 | €698,479 | -€183,043 | -20.8% |
| Financial debts | 170/4 | €881,523 | €698,479 | -€183,043 | -20.8% |
| Amounts payable within one year | 42/48 | €1,337,686 | €1,363,068 | +€25,382 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €85,377 | €83,043 | -€2,334 | -2.7% |
| Financial debts | 43 | €301,863 | €152,582 | -€149,281 | -49.5% |
| Credit institutions | 430/8 | €301,863 | €152,582 | -€149,281 | -49.5% |
| Trade debts | 44 | €587,511 | €888,015 | +€300,505 | +51.1% |
| Suppliers | 440/4 | €587,511 | €888,015 | +€300,505 | +51.1% |
| Taxes, remuneration and social security | 45 | €362,935 | €239,427 | -€123,507 | -34.0% |
| Taxes | 450/3 | €362,935 | €239,427 | -€123,507 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,464 | €110,529 | +€43,065 | +63.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€35,825 | -€35,825 | |
| Other operating charges | 640/8 | €9,347 | €45,874 | +€36,527 | +390.8% |
| Gross operating margin | 9900 | €1,852,605 | €1,083,733 | -€768,873 | -41.5% |
| Operating profit (loss) | 9901 | €1,775,794 | €963,155 | -€812,640 | -45.8% |
| Financial income | 75/76B | €16,184 | €52,897 | +€36,714 | +226.9% |
| Recurring financial income | 75 | €16,184 | €52,897 | +€36,714 | +226.9% |
| Financial charges | 65/66B | €56,611 | €49,972 | -€6,638 | -11.7% |
| Recurring financial charges | 65 | €56,611 | €49,972 | -€6,638 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €1,735,368 | €966,080 | -€769,288 | -44.3% |
| Income taxes | 67/77 | €470,553 | €275,738 | -€194,815 | -41.4% |
| Profit (loss) for the period | 9904 | €1,264,814 | €690,341 | -€574,473 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,264,814 | €690,341 | -€574,473 | -45.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.