NIOBE: 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.
NIOBE
Largest movements
- Receivables within one year -€79,521
down €79,521 (-15.9%), from €499,469 to €419,948
of which Other amounts receivable: -€55,021
- Deferred charges and accrued income +€5,593
up €5,593 (+33.8%), from €16,549 to €22,142
- Debts after one year -€77,224
no longer reported in 2025 (was €77,224)
- Write-downs +€24,500
new in 2025: €24,500
- Financial income +€11,248
up €11,248 (+68.0%), from €16,549 to €27,797
- Taxes -€2,765
down €2,765 (-98.6%), from €2,805 to €40
- Gross operating margin +€2,481
up €2,481 (+61.2%), from -€4,054 to -€1,573
- Other operating charges -€835
down €835 (-52.8%), from €1,581 to €746
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 | €522,233 | €448,290 | -€73,943 | -14.2% |
| Fixed assets | 21/28 | €6,200 | €6,200 | = | 0.0% |
| Financial fixed assets | 28 | €6,200 | €6,200 | = | 0.0% |
| Current assets | 29/58 | €516,033 | €442,090 | -€73,943 | -14.3% |
| Amounts receivable within one year | 40/41 | €499,469 | €419,948 | -€79,521 | -15.9% |
| Trade receivables | 40 | €24,500 | - | -€24,500 | |
| Other amounts receivable | 41 | €474,969 | €419,948 | -€55,021 | -11.6% |
| Cash at bank and in hand | 54/58 | €15 | - | -€15 | |
| Deferred charges and accrued income | 490/1 | €16,549 | €22,142 | +€5,593 | +33.8% |
| Total equity and liabilities | 10/49 | €522,233 | €448,290 | -€73,943 | -14.2% |
| Equity | 10/15 | €184,113 | €184,223 | +€110 | +0.1% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €1,084 | €1,084 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,084 | €1,084 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,084 | €1,084 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,029 | €8,139 | +€110 | +1.4% |
| Amounts payable | 17/49 | €338,120 | €264,067 | -€74,053 | -21.9% |
| Amounts payable after more than one year | 17 | €77,224 | - | -€77,224 | |
| Other amounts payable | 178/9 | €77,224 | - | -€77,224 | |
| Amounts payable within one year | 42/48 | €258,995 | €261,400 | +€2,405 | +0.9% |
| Trade debts | 44 | €215,580 | €217,945 | +€2,364 | +1.1% |
| Suppliers | 440/4 | €215,580 | €217,945 | +€2,364 | +1.1% |
| Taxes, remuneration and social security | 45 | €2,791 | €2,831 | +€40 | +1.4% |
| Taxes | 450/3 | €2,791 | €2,831 | +€40 | +1.4% |
| Other amounts payable | 47/48 | €40,624 | €40,624 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,900 | €2,667 | +€767 | +40.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,500 | +€24,500 | |
| Other operating charges | 640/8 | €1,581 | €746 | -€835 | -52.8% |
| Gross operating margin | 9900 | -€4,054 | -€1,573 | +€2,481 | +61.2% |
| Operating profit (loss) | 9901 | -€5,634 | -€26,819 | -€21,185 | -376% |
| Financial income | 75/76B | €16,549 | €27,797 | +€11,248 | +68.0% |
| Recurring financial income | 75 | €16,549 | €27,797 | +€11,248 | +68.0% |
| Financial charges | 65/66B | - | €828 | +€828 | |
| Recurring financial charges | 65 | - | €828 | +€828 | |
| Profit (loss) for the period before taxes | 9903 | €10,915 | €150 | -€10,764 | -98.6% |
| Income taxes | 67/77 | €2,805 | €40 | -€2,765 | -98.6% |
| Profit (loss) for the period | 9904 | €8,109 | €110 | -€7,999 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,109 | €110 | -€7,999 | -98.6% |
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 23 October 2026 via checked.be.