BOYD Nivelles: 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.
What changed
BOYD Nivelles
NACE 22.120, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €1.9m+€373,993
Equity
€5.8m
2024 · €5.8m+€1,966
Cash
€2.4m
2024 · €1.5m+€902,874
Balance sheet total
€9.3m
2024 · €10.2m-€884,370
Largest movements
Assets
- Receivables within one year -€1.8m
down €1.8m (-46.8%), from €3.8m to €2.0m
of which Other amounts receivable: -€1.8m
- Cash +€902,874
up €902,874 (+61.8%), from €1.5m to €2.4m
mainly Net result for the year (+€2.2m) and Receivables within one year (+€1.8m)
- Current investments +€359,005
up €359,005 (+146%), from €246,499 to €605,504
- Stocks and contracts -€183,139
down €183,139 (-9.6%), from €1.9m to €1.7m
- Tangible fixed assets -€153,928
down €153,928 (-5.9%), from €2.6m to €2.5m
of which Land and buildings: -€141,765
Equity and liabilities
- Other debts -€969,000
down €969,000 (-33.9%), from €2.9m to €1.9m
- Accrued charges and deferred income -€110,882
down €110,882 (-48.2%), from €230,013 to €119,130
Income statement
- Goods and materials -€261,949
down €261,949 (-4.7%), from €5.6m to €5.3m
of which Change in stocks: decrease (increase): -€187,859
- Turnover +€243,287
up €243,287 (+1.8%), from €13.7m to €13.9m
- Staff costs +€220,875
up €220,875 (+7.9%), from €2.8m to €3.0m
- Services and other goods -€210,817
down €210,817 (-9.2%), from €2.3m to €2.1m
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.
Result 2024
€1.9m
Turnover
+€243,287
Other operating income
+€53,606
Goods and materials
+€261,949
Services and other goods
+€210,817
Staff costs
-€220,875
Depreciation
-€57,910
Other operating charges
+€2,244
Other operating items
-€51
Financial income
-€16,664
Financial charges
+€5,693
Taxes
-€108,103
Result 2025
€2.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.8m
Investment
-€678,784
Financing
-€2.2m
Cash 2024
€1.5m
From operations (derived)
+€3.8m
Net result for the year
+€2.2m
Depreciation
+€491,349
Stocks and contracts
+€183,139
Receivables within one year
+€1.8m
Deferred charges and accrued income
+€7,027
Trade debts
+€29,599
Tax, wage and social debts
+€91,238
Advances received
+€65,770
Other debts
-€969,000
Accrued charges and deferred income
-€110,882
Investment (derived)
-€678,784
Investment in fixed assets (net)
-€319,779
Current investments
-€359,005
Financing
-€2.2m
Short-term financial debts
+€6,938
Contributions, distributions and other
-€2.2m
Cash 2025
€2.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,151,251 | €9,266,881 | -€884,370 | -8.7% |
| Fixed assets | 21/28 | €2,702,201 | €2,530,630 | -€171,570 | -6.3% |
| Intangible fixed assets | 21 | €37,554 | €19,912 | -€17,643 | -47.0% |
| Tangible fixed assets | 22/27 | €2,628,035 | €2,474,108 | -€153,928 | -5.9% |
| Land and buildings | 22 | €1,772,271 | €1,630,506 | -€141,765 | -8.0% |
| Plant, machinery and equipment | 23 | €118,590 | €171,994 | +€53,403 | +45.0% |
| Furniture and vehicles | 24 | €87,094 | €112,359 | +€25,265 | +29.0% |
| Leasing and similar rights | 25 | €88,882 | €88,882 | = | 0.0% |
| Other tangible fixed assets | 26 | €561,198 | €470,367 | -€90,831 | -16.2% |
| Financial fixed assets | 28 | €36,611 | €36,611 | = | 0.0% |
| Affiliated companies | 280/1 | €34,111 | €34,111 | = | 0.0% |
| Participating interests | 280 | €34,111 | €34,111 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €7,449,050 | €6,736,251 | -€712,799 | -9.6% |
| Stocks and contracts in progress | 3 | €1,905,782 | €1,722,643 | -€183,139 | -9.6% |
| Stocks | 30/36 | €1,905,782 | €1,722,643 | -€183,139 | -9.6% |
| Raw materials and consumables | 30/31 | €1,559,380 | €1,373,563 | -€185,817 | -11.9% |
| Finished goods | 33 | €98,889 | €85,430 | -€13,459 | -13.6% |
| Goods purchased for resale | 34 | €247,513 | €263,650 | +€16,137 | +6.5% |
| Amounts receivable within one year | 40/41 | €3,812,246 | €2,027,734 | -€1.8m | -46.8% |
| Trade receivables | 40 | €1,929,776 | €1,970,199 | +€40,424 | +2.1% |
| Other amounts receivable | 41 | €1,882,470 | €57,534 | -€1.8m | -96.9% |
| Current investments | 50/53 | €246,499 | €605,504 | +€359,005 | +146% |
| Other investments | 51/53 | €246,499 | €605,504 | +€359,005 | +146% |
| Cash at bank and in hand | 54/58 | €1,461,249 | €2,364,123 | +€902,874 | +61.8% |
| Deferred charges and accrued income | 490/1 | €23,274 | €16,247 | -€7,027 | -30.2% |
| Total equity and liabilities | 10/49 | €10,151,251 | €9,266,881 | -€884,370 | -8.7% |
| Equity | 10/15 | €5,846,371 | €5,848,338 | +€1,966 | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €21,074 | €21,074 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €14,874 | €14,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,521,132 | €5,527,215 | +€6,083 | +0.1% |
| Investment grants | 15 | €242,166 | €238,049 | -€4,116 | -1.7% |
| Amounts payable | 17/49 | €4,304,879 | €3,418,543 | -€886,336 | -20.6% |
| Amounts payable within one year | 42/48 | €4,074,867 | €3,299,413 | -€775,454 | -19.0% |
| Financial debts | 43 | - | €6,938 | +€6,938 | |
| Credit institutions | 430/8 | - | €6,938 | +€6,938 | |
| Trade debts | 44 | €834,609 | €864,208 | +€29,599 | +3.5% |
| Suppliers | 440/4 | €834,609 | €864,208 | +€29,599 | +3.5% |
| Advances received on contracts in progress | 46 | - | €65,770 | +€65,770 | |
| Taxes, remuneration and social security | 45 | €384,258 | €475,496 | +€91,238 | +23.7% |
| Taxes | 450/3 | €68,278 | €66,257 | -€2,021 | -3.0% |
| Remuneration and social security | 454/9 | €315,980 | €409,239 | +€93,259 | +29.5% |
| Other amounts payable | 47/48 | €2,856,000 | €1,887,000 | -€969,000 | -33.9% |
| Accrued charges and deferred income | 492/3 | €230,013 | €119,130 | -€110,882 | -48.2% |
| Operating income | 70/76A | €13,739,970 | €14,036,812 | +€296,842 | +2.2% |
| Turnover | 70 | €13,698,416 | €13,941,703 | +€243,287 | +1.8% |
| Other operating income | 74 | €41,503 | €95,109 | +€53,606 | +129% |
| Non-recurring operating income | 76A | €51 | - | -€51 | |
| Operating charges | 60/66A | €11,231,528 | €11,035,303 | -€196,225 | -1.7% |
| Goods for resale, raw materials and consumables | 60 | €5,567,138 | €5,305,189 | -€261,949 | -4.7% |
| Purchases | 600/8 | €5,196,140 | €5,122,050 | -€74,090 | -1.4% |
| Change in stocks: decrease (increase) | 609 | €370,998 | €183,139 | -€187,859 | -50.6% |
| Services and other goods | 61 | €2,300,848 | €2,090,030 | -€210,817 | -9.2% |
| Remuneration, social security and pensions | 62 | €2,793,908 | €3,014,783 | +€220,875 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433,439 | €491,349 | +€57,910 | +13.4% |
| Other operating charges | 640/8 | €136,195 | €133,951 | -€2,244 | -1.6% |
| Operating profit (loss) | 9901 | €2,508,441 | €3,001,509 | +€493,067 | +19.7% |
| Financial income | 75/76B | €38,363 | €21,699 | -€16,664 | -43.4% |
| Recurring financial income | 75 | €38,363 | €21,699 | -€16,664 | -43.4% |
| Other financial income | 752/9 | €38,363 | €21,699 | -€16,664 | -43.4% |
| Financial charges | 65/66B | €50,231 | €44,538 | -€5,693 | -11.3% |
| Recurring financial charges | 65 | €50,231 | €44,538 | -€5,693 | -11.3% |
| Debt charges | 650 | €11,938 | €5,692 | -€6,246 | -52.3% |
| Other financial charges | 652/9 | €38,292 | €38,845 | +€553 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €2,496,574 | €2,978,670 | +€482,096 | +19.3% |
| Income taxes | 67/77 | €644,484 | €752,587 | +€108,103 | +16.8% |
| Taxes | 670/3 | €644,484 | €752,587 | +€108,103 | +16.8% |
| Profit (loss) for the period | 9904 | €1,852,090 | €2,226,083 | +€373,993 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,852,090 | €2,226,083 | +€373,993 | +20.2% |
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 15 October 2026 via checked.be.