C-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.
C-NIVELLES
Largest movements
- Cash +€105,338
up €105,338 (+190%), from €55,452 to €160,790
mainly Net result for the year (+€161,137) and Other debts (+€27,013)
- Receivables within one year +€74,729
up €74,729 (+398%), from €18,775 to €93,504
of which Other amounts receivable: +€62,882
- Intangible fixed assets +€7,368
up €7,368 (+27.6%), from €26,710 to €34,078
- Stocks and contracts +€4,551
up €4,551 (+92.6%), from €4,913 to €9,464
- Reserves +€115,000
up €115,000 (+329%), from €35,000 to €150,000
- Other debts +€27,013
up €27,013 (+101%), from €26,700 to €53,713
- Tax, wage and social debts +€26,251
up €26,251 (+96.2%), from €27,276 to €53,527
of which Taxes: +€22,898
- Trade debts +€24,436
up €24,436 (+66.8%), from €36,556 to €60,992
- Gross operating margin +€240,814
up €240,814 (+238%), from €101,334 to €342,148
- Staff costs +€95,881
up €95,881 (+301%), from €31,818 to €127,699
- Taxes +€24,396
up €24,396 (+284%), from €8,577 to €32,973
- Depreciation +€4,534
up €4,534 (+48.9%), from €9,274 to €13,808
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 | €137,582 | €331,419 | +€193,837 | +141% |
| Fixed assets | 21/28 | €58,442 | €67,556 | +€9,114 | +15.6% |
| Intangible fixed assets | 21 | €26,710 | €34,078 | +€7,368 | +27.6% |
| Tangible fixed assets | 22/27 | €31,587 | €33,333 | +€1,746 | +5.5% |
| Furniture and vehicles | 24 | €31,587 | €33,333 | +€1,746 | +5.5% |
| Financial fixed assets | 28 | €145 | €145 | = | 0.0% |
| Current assets | 29/58 | €79,140 | €263,863 | +€184,723 | +233% |
| Stocks and contracts in progress | 3 | €4,913 | €9,464 | +€4,551 | +92.6% |
| Stocks | 30/36 | €4,913 | €9,464 | +€4,551 | +92.6% |
| Amounts receivable within one year | 40/41 | €18,775 | €93,504 | +€74,729 | +398% |
| Trade receivables | 40 | €18,291 | €30,138 | +€11,847 | +64.8% |
| Other amounts receivable | 41 | €484 | €63,366 | +€62,882 | +12,988% |
| Cash at bank and in hand | 54/58 | €55,452 | €160,790 | +€105,338 | +190% |
| Deferred charges and accrued income | 490/1 | - | €105 | +€105 | |
| Total equity and liabilities | 10/49 | €137,582 | €331,419 | +€193,837 | +141% |
| Equity | 10/15 | €47,050 | €163,187 | +€116,137 | +247% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €150,000 | +€115,000 | +329% |
| Distributable reserves | 133 | €35,000 | €150,000 | +€115,000 | +329% |
| Profit (loss) carried forward | 14 | €2,050 | €3,187 | +€1,137 | +55.5% |
| Amounts payable | 17/49 | €90,532 | €168,232 | +€77,700 | +85.8% |
| Amounts payable within one year | 42/48 | €90,532 | €168,232 | +€77,700 | +85.8% |
| Trade debts | 44 | €36,556 | €60,992 | +€24,436 | +66.8% |
| Suppliers | 440/4 | €36,556 | €60,992 | +€24,436 | +66.8% |
| Taxes, remuneration and social security | 45 | €27,276 | €53,527 | +€26,251 | +96.2% |
| Taxes | 450/3 | €18,651 | €41,549 | +€22,898 | +123% |
| Remuneration and social security | 454/9 | €8,625 | €11,977 | +€3,352 | +38.9% |
| Other amounts payable | 47/48 | €26,700 | €53,713 | +€27,013 | +101% |
| Remuneration, social security and pensions | 62 | €31,818 | €127,699 | +€95,881 | +301% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,274 | €13,808 | +€4,534 | +48.9% |
| Other operating charges | 640/8 | €200 | €690 | +€490 | +245% |
| Gross operating margin | 9900 | €101,334 | €342,148 | +€240,814 | +238% |
| Operating profit (loss) | 9901 | €60,042 | €199,951 | +€139,909 | +233% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €2,431 | €5,842 | +€3,411 | +140% |
| Recurring financial charges | 65 | €2,431 | €5,842 | +€3,411 | +140% |
| Profit (loss) for the period before taxes | 9903 | €57,627 | €194,109 | +€136,483 | +237% |
| Income taxes | 67/77 | €8,577 | €32,973 | +€24,396 | +284% |
| Profit (loss) for the period | 9904 | €49,050 | €161,137 | +€112,087 | +229% |
| Profit (loss) for the period to be appropriated | 9905 | €49,050 | €161,137 | +€112,087 | +229% |
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 16 October 2026 via checked.be.