DRY 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.
DRY NIVELLES
Largest movements
- Stocks and contracts +€34,267
up €34,267 (+32.3%), from €106,234 to €140,501
- Receivables within one year -€29,098
down €29,098 (-74.5%), from €39,049 to €9,951
of which Other amounts receivable: -€25,849
- Cash -€18,305
down €18,305 (-11.8%), from €154,716 to €136,411
mainly Trade debts (-€46,389) and Stocks and contracts (-€34,267)
- Tangible fixed assets -€17,094
down €17,094 (-76.5%), from €22,345 to €5,251
of which Land and buildings: -€18,769
- Trade debts -€46,389
down €46,389 (-30.6%), from €151,681 to €105,292
- Profit (loss) carried forward +€10,392
up €10,392 (+9.0%), from €115,434 to €125,826
- Staff costs -€50,045
down €50,045 (-92.0%), from €54,406 to €4,361
- Gross operating margin -€46,602
down €46,602 (-49.9%), from €93,339 to €46,737
- Depreciation -€7,436
down €7,436 (-28.4%), from €26,205 to €18,769
- Financial charges +€4,849
up €4,849 (+221%), from €2,194 to €7,043
- Taxes +€1,417
up €1,417 (+41.1%), from €3,446 to €4,863
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 | €346,031 | €313,677 | -€32,354 | -9.4% |
| Fixed assets | 21/28 | €25,108 | €7,651 | -€17,457 | -69.5% |
| Tangible fixed assets | 22/27 | €22,345 | €5,251 | -€17,094 | -76.5% |
| Land and buildings | 22 | €22,345 | €3,576 | -€18,769 | -84.0% |
| Furniture and vehicles | 24 | - | €1,675 | +€1,675 | |
| Financial fixed assets | 28 | €2,763 | €2,400 | -€363 | -13.1% |
| Current assets | 29/58 | €320,923 | €306,026 | -€14,897 | -4.6% |
| Stocks and contracts in progress | 3 | €106,234 | €140,501 | +€34,267 | +32.3% |
| Stocks | 30/36 | €106,234 | €140,501 | +€34,267 | +32.3% |
| Amounts receivable within one year | 40/41 | €39,049 | €9,951 | -€29,098 | -74.5% |
| Trade receivables | 40 | €3,249 | - | -€3,249 | |
| Other amounts receivable | 41 | €35,800 | €9,951 | -€25,849 | -72.2% |
| Cash at bank and in hand | 54/58 | €154,716 | €136,411 | -€18,305 | -11.8% |
| Deferred charges and accrued income | 490/1 | €20,924 | €19,163 | -€1,761 | -8.4% |
| Total equity and liabilities | 10/49 | €346,031 | €313,677 | -€32,354 | -9.4% |
| Equity | 10/15 | €135,894 | €146,286 | +€10,392 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,434 | €125,826 | +€10,392 | +9.0% |
| Amounts payable | 17/49 | €210,137 | €167,391 | -€42,746 | -20.3% |
| Amounts payable within one year | 42/48 | €210,137 | €165,939 | -€44,198 | -21.0% |
| Trade debts | 44 | €151,681 | €105,292 | -€46,389 | -30.6% |
| Suppliers | 440/4 | €151,681 | €105,292 | -€46,389 | -30.6% |
| Advances received on contracts in progress | 46 | €7,553 | €8,156 | +€603 | +8.0% |
| Taxes, remuneration and social security | 45 | €31,071 | €33,004 | +€1,933 | +6.2% |
| Taxes | 450/3 | €30,344 | €33,004 | +€2,660 | +8.8% |
| Remuneration and social security | 454/9 | €727 | - | -€727 | |
| Other amounts payable | 47/48 | €19,832 | €19,487 | -€345 | -1.7% |
| Accrued charges and deferred income | 492/3 | - | €1,452 | +€1,452 | |
| Remuneration, social security and pensions | 62 | €54,406 | €4,361 | -€50,045 | -92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,205 | €18,769 | -€7,436 | -28.4% |
| Other operating charges | 640/8 | €1,324 | €1,309 | -€15 | -1.1% |
| Gross operating margin | 9900 | €93,339 | €46,737 | -€46,602 | -49.9% |
| Operating profit (loss) | 9901 | €11,404 | €22,298 | +€10,894 | +95.5% |
| Financial income | 75/76B | €140 | - | -€140 | |
| Recurring financial income | 75 | €140 | - | -€140 | |
| Financial charges | 65/66B | €2,194 | €7,043 | +€4,849 | +221% |
| Recurring financial charges | 65 | €2,194 | €7,043 | +€4,849 | +221% |
| Profit (loss) for the period before taxes | 9903 | €9,350 | €15,255 | +€5,905 | +63.2% |
| Income taxes | 67/77 | €3,446 | €4,863 | +€1,417 | +41.1% |
| Profit (loss) for the period | 9904 | €5,904 | €10,392 | +€4,488 | +76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,904 | €10,392 | +€4,488 | +76.0% |
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 18 October 2026 via checked.be.