FIEVEZ Nicolas: 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.
FIEVEZ Nicolas
Largest movements
- Receivables within one year -€32,345
down €32,345 (-82.8%), from €39,070 to €6,725
of which Trade receivables: -€31,309
- Cash +€16,114
up €16,114 (+71.5%), from €22,533 to €38,647
mainly Receivables within one year (+€32,345) and Other debts (+€18,897)
- Stocks and contracts -€7,689
down €7,689 (-65.7%), from €11,695 to €4,005
- Tangible fixed assets -€7,605
down €7,605 (-48.3%), from €15,743 to €8,138
of which Leasing and similar rights: -€5,641
- Deferred charges and accrued income +€5,709
up €5,709 (+191%), from €2,990 to €8,699
- Profit (loss) carried forward -€43,285
down €43,285, from €34,109 to -€9,176
- Other debts +€18,897
up €18,897 (+2,158%), from €876 to €19,773
- Debts after one year -€5,550
down €5,550 (-100%), from €5,550 to €0
- Tax, wage and social debts +€4,488
up €4,488 (+699%), from €642 to €5,129
- Gross operating margin -€21,179
down €21,179, from €15,189 to -€5,990
- Depreciation -€2,942
down €2,942 (-27.6%), from €10,667 to €7,725
- Financial charges -€786
down €786 (-24.3%), from €3,234 to €2,447
- Taxes -€422
down €422 (-65.7%), from €642 to €220
- Other operating charges +€370
new in 2025: €370
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 | €92,190 | €66,374 | -€25,816 | -28.0% |
| Fixed assets | 21/28 | €15,903 | €8,298 | -€7,605 | -47.8% |
| Tangible fixed assets | 22/27 | €15,743 | €8,138 | -€7,605 | -48.3% |
| Land and buildings | 22 | €8,938 | €7,537 | -€1,401 | -15.7% |
| Plant, machinery and equipment | 23 | €243 | €398 | +€155 | +63.8% |
| Furniture and vehicles | 24 | €617 | €0 | -€617 | -100% |
| Leasing and similar rights | 25 | €5,641 | €0 | -€5,641 | -100% |
| Other tangible fixed assets | 26 | €303 | €202 | -€101 | -33.3% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €76,287 | €58,076 | -€18,211 | -23.9% |
| Stocks and contracts in progress | 3 | €11,695 | €4,005 | -€7,689 | -65.7% |
| Stocks | 30/36 | €11,695 | €4,005 | -€7,689 | -65.7% |
| Amounts receivable within one year | 40/41 | €39,070 | €6,725 | -€32,345 | -82.8% |
| Trade receivables | 40 | €34,287 | €2,978 | -€31,309 | -91.3% |
| Other amounts receivable | 41 | €4,783 | €3,747 | -€1,036 | -21.7% |
| Cash at bank and in hand | 54/58 | €22,533 | €38,647 | +€16,114 | +71.5% |
| Deferred charges and accrued income | 490/1 | €2,990 | €8,699 | +€5,709 | +191% |
| Total equity and liabilities | 10/49 | €92,190 | €66,374 | -€25,816 | -28.0% |
| Equity | 10/15 | €73,606 | €30,320 | -€43,285 | -58.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,297 | €33,297 | = | 0.0% |
| Distributable reserves | 133 | €33,297 | €33,297 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,109 | -€9,176 | -€43,285 | |
| Amounts payable | 17/49 | €18,584 | €36,053 | +€17,469 | +94.0% |
| Amounts payable after more than one year | 17 | €5,550 | €0 | -€5,550 | -100% |
| Financial debts | 170/4 | €5,550 | €0 | -€5,550 | -100% |
| Amounts payable within one year | 42/48 | €13,034 | €36,053 | +€23,019 | +177% |
| Current portion of amounts payable after more than one year | 42 | €5,109 | €5,550 | +€441 | +8.6% |
| Trade debts | 44 | €6,408 | €5,602 | -€806 | -12.6% |
| Suppliers | 440/4 | €6,408 | €5,602 | -€806 | -12.6% |
| Taxes, remuneration and social security | 45 | €642 | €5,129 | +€4,488 | +699% |
| Taxes | 450/3 | €642 | €5,129 | +€4,488 | +699% |
| Other amounts payable | 47/48 | €876 | €19,773 | +€18,897 | +2,158% |
| Remuneration, social security and pensions | 62 | €947 | €1,087 | +€140 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,667 | €7,725 | -€2,942 | -27.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | - | €370 | +€370 | |
| Gross operating margin | 9900 | €15,189 | -€5,990 | -€21,179 | |
| Operating profit (loss) | 9901 | €3,575 | -€15,172 | -€18,747 | |
| Financial income | 75/76B | €978 | €1,163 | +€185 | +18.9% |
| Recurring financial income | 75 | €978 | €1,163 | +€185 | +18.9% |
| Financial charges | 65/66B | €3,234 | €2,447 | -€786 | -24.3% |
| Recurring financial charges | 65 | €3,234 | €2,447 | -€786 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €1,319 | -€16,456 | -€17,775 | |
| Income taxes | 67/77 | €642 | €220 | -€422 | -65.7% |
| Profit (loss) for the period | 9904 | €677 | -€16,676 | -€17,354 | |
| Profit (loss) for the period to be appropriated | 9905 | €677 | -€16,676 | -€17,354 |
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 30 October 2026 via checked.be.