CS 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.
CS Nivelles
Largest movements
- Receivables within one year -€159,120
down €159,120 (-63.4%), from €250,895 to €91,776
of which Trade receivables: -€158,989
- Cash -€100,132
down €100,132 (-41.3%), from €242,352 to €142,220
mainly Advances received (-€197,271) and Net result for the year (-€91,311)
- Advances received -€197,271
down €197,271 (-48.9%), from €403,093 to €205,822
- Profit (loss) carried forward -€91,311
down €91,311 (-36.0%), from -€253,533 to -€344,843
- Trade debts -€30,199
down €30,199 (-30.1%), from €100,173 to €69,974
- Short-term financial debts +€21,581
new in 2025: €21,581
- Tax, wage and social debts +€18,513
up €18,513 (+116%), from €15,918 to €34,431
of which Remuneration and social security: +€9,576
- Gross operating margin -€30,838
down €30,838 (-94.5%), from €32,617 to €1,780
- Depreciation +€5,026
up €5,026 (+149%), from €3,381 to €8,407
- Other operating charges -€1,929
down €1,929 (-31.7%), from €6,077 to €4,149
- Financial charges -€378
down €378 (-5.8%), from €6,506 to €6,127
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 | €533,437 | €266,232 | -€267,205 | -50.1% |
| Fixed assets | 21/28 | €32,644 | €27,340 | -€5,305 | -16.3% |
| Tangible fixed assets | 22/27 | €31,194 | €25,890 | -€5,305 | -17.0% |
| Land and buildings | 22 | €12,502 | €11,750 | -€751 | -6.0% |
| Plant, machinery and equipment | 23 | €1,635 | €3,332 | +€1,697 | +104% |
| Furniture and vehicles | 24 | €13,750 | €7,970 | -€5,780 | -42.0% |
| Other tangible fixed assets | 26 | €3,307 | €2,836 | -€471 | -14.2% |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €500,793 | €238,893 | -€261,900 | -52.3% |
| Amounts receivable within one year | 40/41 | €250,895 | €91,776 | -€159,120 | -63.4% |
| Trade receivables | 40 | €249,014 | €90,025 | -€158,989 | -63.8% |
| Other amounts receivable | 41 | €1,881 | €1,750 | -€131 | -7.0% |
| Cash at bank and in hand | 54/58 | €242,352 | €142,220 | -€100,132 | -41.3% |
| Deferred charges and accrued income | 490/1 | €7,545 | €4,896 | -€2,648 | -35.1% |
| Total equity and liabilities | 10/49 | €533,437 | €266,232 | -€267,205 | -50.1% |
| Equity | 10/15 | -€17,797 | -€109,108 | -€91,311 | -513% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €226,736 | €226,736 | = | 0.0% |
| Tax-exempt reserves | 132 | €225,852 | €225,852 | = | 0.0% |
| Distributable reserves | 133 | €884 | €884 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253,533 | -€344,843 | -€91,311 | -36.0% |
| Amounts payable | 17/49 | €551,234 | €375,340 | -€175,894 | -31.9% |
| Amounts payable within one year | 42/48 | €551,234 | €375,340 | -€175,894 | -31.9% |
| Financial debts | 43 | - | €21,581 | +€21,581 | |
| Credit institutions | 430/8 | - | €21,581 | +€21,581 | |
| Trade debts | 44 | €100,173 | €69,974 | -€30,199 | -30.1% |
| Suppliers | 440/4 | €100,173 | €69,974 | -€30,199 | -30.1% |
| Advances received on contracts in progress | 46 | €403,093 | €205,822 | -€197,271 | -48.9% |
| Taxes, remuneration and social security | 45 | €15,918 | €34,431 | +€18,513 | +116% |
| Taxes | 450/3 | €8,911 | €17,848 | +€8,937 | +100% |
| Remuneration and social security | 454/9 | €7,007 | €16,583 | +€9,576 | +137% |
| Other amounts payable | 47/48 | €32,051 | €43,532 | +€11,482 | +35.8% |
| Non-recurring operating income | 76A | €0 | €2,851 | +€2,851 | |
| Remuneration, social security and pensions | 62 | €74,361 | €74,455 | +€94 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,381 | €8,407 | +€5,026 | +149% |
| Other operating charges | 640/8 | €6,077 | €4,149 | -€1,929 | -31.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €32,617 | €1,780 | -€30,838 | -94.5% |
| Operating profit (loss) | 9901 | -€51,203 | -€85,231 | -€34,029 | -66.5% |
| Financial income | 75/76B | €5 | €48 | +€43 | +778% |
| Recurring financial income | 75 | €5 | €48 | +€43 | +778% |
| Financial charges | 65/66B | €6,506 | €6,127 | -€378 | -5.8% |
| Recurring financial charges | 65 | €6,506 | €6,127 | -€378 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€57,703 | -€91,311 | -€33,608 | -58.2% |
| Profit (loss) for the period | 9904 | -€57,703 | -€91,311 | -€33,608 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,703 | -€91,311 | -€33,608 | -58.2% |
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 20 October 2026 via checked.be.