DR. NIVILLE JAN: 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.
DR. NIVILLE JAN
Largest movements
- Receivables within one year -€365,347
down €365,347 (-40.6%), from €899,556 to €534,209
- Tangible fixed assets -€26,863
down €26,863 (-26.9%), from €99,906 to €73,043
of which Furniture and vehicles: -€26,863
- Reserves -€402,157
down €402,157 (-47.6%), from €845,579 to €443,422
of which Distributable reserves: -€402,157
- Debts after one year +€35,792
up €35,792 (+48.7%), from €73,532 to €109,324
- Short-term financial debts -€20,341
no longer reported in 2025 (was €20,341)
- Current portion of long-term debt -€10,216
down €10,216 (-24.1%), from €42,385 to €32,169
- Other debts +€10,172
new in 2025: €10,172
- Depreciation +€16,131
up €16,131 (+150%), from €10,732 to €26,863
- Taxes -€4,284
down €4,284 (-10.3%), from €41,786 to €37,502
- Gross operating margin +€4,145
up €4,145 (+2.8%), from €146,110 to €150,255
- Financial charges +€2,443
up €2,443 (+60.7%), from €4,022 to €6,465
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 | €1,004,053 | €612,019 | -€392,034 | -39.0% |
| Fixed assets | 21/28 | €99,906 | €73,043 | -€26,863 | -26.9% |
| Tangible fixed assets | 22/27 | €99,906 | €73,043 | -€26,863 | -26.9% |
| Plant, machinery and equipment | 23 | €1,610 | €1,610 | = | 0.0% |
| Furniture and vehicles | 24 | €98,296 | €71,433 | -€26,863 | -27.3% |
| Current assets | 29/58 | €904,147 | €538,976 | -€365,171 | -40.4% |
| Amounts receivable within one year | 40/41 | €899,556 | €534,209 | -€365,347 | -40.6% |
| Other amounts receivable | 41 | €899,556 | €534,209 | -€365,347 | -40.6% |
| Cash at bank and in hand | 54/58 | €3,348 | - | -€3,348 | |
| Deferred charges and accrued income | 490/1 | €1,243 | €4,767 | +€3,524 | +284% |
| Total equity and liabilities | 10/49 | €1,004,053 | €612,019 | -€392,034 | -39.0% |
| Equity | 10/15 | €857,979 | €455,822 | -€402,157 | -46.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €845,579 | €443,422 | -€402,157 | -47.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,131 | €13,131 | = | 0.0% |
| Distributable reserves | 133 | €830,448 | €428,291 | -€402,157 | -48.4% |
| Amounts payable | 17/49 | €146,074 | €156,197 | +€10,123 | +6.9% |
| Amounts payable after more than one year | 17 | €73,532 | €109,324 | +€35,792 | +48.7% |
| Financial debts | 170/4 | €73,532 | €109,324 | +€35,792 | +48.7% |
| Amounts payable within one year | 42/48 | €72,542 | €46,873 | -€25,669 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €42,385 | €32,169 | -€10,216 | -24.1% |
| Financial debts | 43 | €20,341 | - | -€20,341 | |
| Credit institutions | 430/8 | €20,341 | - | -€20,341 | |
| Trade debts | 44 | - | €2,147 | +€2,147 | |
| Suppliers | 440/4 | - | €2,147 | +€2,147 | |
| Taxes, remuneration and social security | 45 | €9,816 | €2,385 | -€7,431 | -75.7% |
| Taxes | 450/3 | €4,816 | €2,385 | -€2,431 | -50.5% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | - | €10,172 | +€10,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,732 | €26,863 | +€16,131 | +150% |
| Gross operating margin | 9900 | €146,110 | €150,255 | +€4,145 | +2.8% |
| Operating profit (loss) | 9901 | €135,378 | €123,392 | -€11,986 | -8.9% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €4,022 | €6,465 | +€2,443 | +60.7% |
| Recurring financial charges | 65 | €4,022 | €6,465 | +€2,443 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | €131,356 | €116,943 | -€14,413 | -11.0% |
| Income taxes | 67/77 | €41,786 | €37,502 | -€4,284 | -10.3% |
| Profit (loss) for the period | 9904 | €89,570 | €79,441 | -€10,129 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €89,570 | €79,441 | -€10,129 | -11.3% |
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 25 October 2026 via checked.be.