7'Nivoo: 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.
7'Nivoo
Largest movements
- Tangible fixed assets -€33,036
down €33,036 (-6.0%), from €551,081 to €518,045
of which Land and buildings: -€20,037
- Cash +€12,800
up €12,800 (+58.4%), from €21,933 to €34,733
mainly Depreciation (+€34,900) and Net result for the year (+€14,290)
- Debts after one year -€45,951
down €45,951 (-13.7%), from €334,488 to €288,537
- Reserves +€14,290
up €14,290 (+47.8%), from €29,895 to €44,184
- Short-term financial debts +€7,067
up €7,067 (+933%), from €758 to €7,825
of which Other loans: +€5,392
- Gross operating margin -€15,677
down €15,677 (-17.0%), from €91,983 to €76,306
- Write-downs +€7,623
new in 2025: €7,623
- Other operating charges -€1,113
down €1,113 (-22.9%), from €4,852 to €3,739
- Financial charges -€939
down €939 (-9.8%), from €9,627 to €8,688
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 | €590,811 | €566,197 | -€24,614 | -4.2% |
| Fixed assets | 21/28 | €552,145 | €518,609 | -€33,536 | -6.1% |
| Intangible fixed assets | 21 | €1,064 | €564 | -€500 | -47.0% |
| Tangible fixed assets | 22/27 | €551,081 | €518,045 | -€33,036 | -6.0% |
| Land and buildings | 22 | €519,332 | €499,294 | -€20,037 | -3.9% |
| Plant, machinery and equipment | 23 | €25,827 | €13,625 | -€12,202 | -47.2% |
| Furniture and vehicles | 24 | €5,922 | €5,126 | -€796 | -13.4% |
| Current assets | 29/58 | €38,665 | €47,588 | +€8,922 | +23.1% |
| Stocks and contracts in progress | 3 | €487 | €0 | -€487 | -100% |
| Stocks | 30/36 | €487 | €0 | -€487 | -100% |
| Amounts receivable within one year | 40/41 | €15,559 | €10,995 | -€4,564 | -29.3% |
| Trade receivables | 40 | €11,406 | €10,563 | -€842 | -7.4% |
| Other amounts receivable | 41 | €4,154 | €432 | -€3,722 | -89.6% |
| Cash at bank and in hand | 54/58 | €21,933 | €34,733 | +€12,800 | +58.4% |
| Deferred charges and accrued income | 490/1 | €686 | €1,860 | +€1,173 | +171% |
| Total equity and liabilities | 10/49 | €590,811 | €566,197 | -€24,614 | -4.2% |
| Equity | 10/15 | €159,895 | €174,184 | +€14,290 | +8.9% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €29,895 | €44,184 | +€14,290 | +47.8% |
| Distributable reserves | 133 | €29,895 | €44,184 | +€14,290 | +47.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €430,916 | €392,012 | -€38,904 | -9.0% |
| Amounts payable after more than one year | 17 | €334,488 | €288,537 | -€45,951 | -13.7% |
| Financial debts | 170/4 | €334,488 | €288,537 | -€45,951 | -13.7% |
| Amounts payable within one year | 42/48 | €96,428 | €103,475 | +€7,047 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €32,616 | €34,798 | +€2,182 | +6.7% |
| Financial debts | 43 | €758 | €7,825 | +€7,067 | +933% |
| Credit institutions | 430/8 | €758 | €2,433 | +€1,675 | +221% |
| Other loans | 439 | - | €5,392 | +€5,392 | |
| Trade debts | 44 | €15,615 | €12,081 | -€3,534 | -22.6% |
| Suppliers | 440/4 | €15,615 | €12,081 | -€3,534 | -22.6% |
| Taxes, remuneration and social security | 45 | €7,301 | €7,942 | +€641 | +8.8% |
| Taxes | 450/3 | €5,704 | €7,942 | +€2,238 | +39.2% |
| Remuneration and social security | 454/9 | €1,597 | €0 | -€1,597 | -100% |
| Other amounts payable | 47/48 | €40,138 | €40,830 | +€691 | +1.7% |
| Remuneration, social security and pensions | 62 | €110 | €23 | -€87 | -79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,508 | €34,900 | -€608 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,623 | +€7,623 | |
| Other operating charges | 640/8 | €4,852 | €3,739 | -€1,113 | -22.9% |
| Non-recurring operating charges | 66A | €686 | €0 | -€686 | -100% |
| Gross operating margin | 9900 | €91,983 | €76,306 | -€15,677 | -17.0% |
| Operating profit (loss) | 9901 | €50,826 | €30,021 | -€20,806 | -40.9% |
| Financial income | 75/76B | €15 | €25 | +€10 | +64.6% |
| Recurring financial income | 75 | €15 | €25 | +€10 | +64.6% |
| Financial charges | 65/66B | €9,627 | €8,688 | -€939 | -9.8% |
| Recurring financial charges | 65 | €9,627 | €8,688 | -€939 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €41,214 | €21,358 | -€19,856 | -48.2% |
| Income taxes | 67/77 | €7,540 | €7,068 | -€472 | -6.3% |
| Profit (loss) for the period | 9904 | €33,674 | €14,290 | -€19,385 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,674 | €14,290 | -€19,385 | -57.6% |
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 29 October 2026 via checked.be.