NIAGARA GROUP: 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.
NIAGARA GROUP
Largest movements
- Receivables within one year -€49,908
down €49,908 (-42.2%), from €118,367 to €68,458
of which Trade receivables: -€50,065
- Tangible fixed assets +€15,842
up €15,842 (+75.7%), from €20,934 to €36,776
of which Furniture and vehicles: +€16,323
- Cash +€12,010
up €12,010 (+19.8%), from €60,800 to €72,810
mainly Net result for the year (+€58,345) and Receivables within one year (+€49,908)
- Debts after one year -€77,671
down €77,671 (-50.0%), from €155,386 to €77,715
of which Other amounts payable: -€39,101
- Reserves +€53,740
up €53,740 (+18.6%), from €288,770 to €342,510
of which Distributable reserves: +€53,740
- Trade debts +€44,195
up €44,195 (+558%), from €7,913 to €52,108
- Other debts -€33,454
down €33,454 (-97.4%), from €34,359 to €904
- Gross operating margin -€18,129
down €18,129 (-15.2%), from €119,124 to €100,995
- Depreciation +€3,987
up €3,987 (+72.5%), from €5,497 to €9,483
- Taxes +€1,456
up €1,456 (+5.2%), from €27,887 to €29,343
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €632,580 | €609,639 | -€22,941 | -3.6% |
| Fixed assets | 21/28 | €451,477 | €467,318 | +€15,842 | +3.5% |
| Tangible fixed assets | 22/27 | €20,934 | €36,776 | +€15,842 | +75.7% |
| Furniture and vehicles | 24 | €19,392 | €35,715 | +€16,323 | +84.2% |
| Other tangible fixed assets | 26 | €1,542 | €1,061 | -€482 | -31.2% |
| Financial fixed assets | 28 | €430,543 | €430,543 | = | 0.0% |
| Current assets | 29/58 | €181,104 | €142,321 | -€38,783 | -21.4% |
| Amounts receivable within one year | 40/41 | €118,367 | €68,458 | -€49,908 | -42.2% |
| Trade receivables | 40 | €117,408 | €67,343 | -€50,065 | -42.6% |
| Other amounts receivable | 41 | €959 | €1,115 | +€156 | +16.3% |
| Cash at bank and in hand | 54/58 | €60,800 | €72,810 | +€12,010 | +19.8% |
| Deferred charges and accrued income | 490/1 | €1,937 | €1,053 | -€884 | -45.6% |
| Total equity and liabilities | 10/49 | €632,580 | €609,639 | -€22,941 | -3.6% |
| Equity | 10/15 | €360,507 | €414,213 | +€53,705 | +14.9% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €288,770 | €342,510 | +€53,740 | +18.6% |
| Non-distributable reserves | 130/1 | €6,860 | €6,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,860 | €6,860 | = | 0.0% |
| Distributable reserves | 133 | €281,910 | €335,650 | +€53,740 | +19.1% |
| Profit (loss) carried forward | 14 | €3,137 | €3,103 | -€35 | -1.1% |
| Amounts payable | 17/49 | €272,073 | €195,427 | -€76,646 | -28.2% |
| Amounts payable after more than one year | 17 | €155,386 | €77,715 | -€77,671 | -50.0% |
| Financial debts | 170/4 | €116,285 | €77,715 | -€38,570 | -33.2% |
| Other amounts payable | 178/9 | €39,101 | - | -€39,101 | |
| Amounts payable within one year | 42/48 | €116,687 | €117,712 | +€1,024 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €51,226 | €45,412 | -€5,813 | -11.3% |
| Trade debts | 44 | €7,913 | €52,108 | +€44,195 | +558% |
| Suppliers | 440/4 | €7,913 | €52,108 | +€44,195 | +558% |
| Advances received on contracts in progress | 46 | €250 | - | -€250 | |
| Taxes, remuneration and social security | 45 | €22,940 | €19,287 | -€3,653 | -15.9% |
| Taxes | 450/3 | €19,440 | €15,787 | -€3,653 | -18.8% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | €34,359 | €904 | -€33,454 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,497 | €9,483 | +€3,987 | +72.5% |
| Other operating charges | 640/8 | €762 | €500 | -€262 | -34.4% |
| Gross operating margin | 9900 | €119,124 | €100,995 | -€18,129 | -15.2% |
| Operating profit (loss) | 9901 | €112,865 | €91,012 | -€21,853 | -19.4% |
| Financial charges | 65/66B | €3,336 | €3,323 | -€12 | -0.4% |
| Recurring financial charges | 65 | €3,336 | €3,323 | -€12 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €109,529 | €87,688 | -€21,841 | -19.9% |
| Income taxes | 67/77 | €27,887 | €29,343 | +€1,456 | +5.2% |
| Profit (loss) for the period | 9904 | €81,642 | €58,345 | -€23,297 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €81,642 | €58,345 | -€23,297 | -28.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.