NIVA: what changed
NIVA
Largest movements
- Tangible fixed assets -€16,720
down €16,720 (-3.6%), from €461,450 to €444,730
of which Land and buildings: -€15,966
- Cash -€12,983
down €12,983 (-82.6%), from €15,723 to €2,740
mainly Other debts (-€22,095) and Debts after one year (-€13,959)
- Receivables within one year -€5,681
down €5,681 (-24.1%), from €23,585 to €17,905
of which Other amounts receivable: -€5,481
- Other debts -€22,095
down €22,095 (-24.3%), from €91,101 to €69,006
- Debts after one year -€13,959
down €13,959 (-4.3%), from €321,001 to €307,042
- Gross operating margin -€18,915
down €18,915 (-47.7%), from €39,693 to €20,778
- Financial income +€11,250
up €11,250 (+103,875%), from €11 to €11,260
of which Non-recurring financial income: +€11,260
- Financial charges -€6,654
down €6,654 (-34.4%), from €19,366 to €12,712
- Taxes +€1,232
up €1,232 (+39.8%), from -€3,094 to -€1,863
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €501,531 | €466,703 | -€34,828 | -6.9% |
| Fixed assets | 21/28 | €462,223 | €446,059 | -€16,164 | -3.5% |
| Intangible fixed assets | 21 | €773 | €1,328 | +€555 | +71.8% |
| Tangible fixed assets | 22/27 | €461,450 | €444,730 | -€16,720 | -3.6% |
| Land and buildings | 22 | €455,265 | €439,299 | -€15,966 | -3.5% |
| Plant, machinery and equipment | 23 | €5,358 | €3,077 | -€2,281 | -42.6% |
| Furniture and vehicles | 24 | €827 | €2,355 | +€1,528 | +185% |
| Current assets | 29/58 | €39,308 | €20,644 | -€18,664 | -47.5% |
| Amounts receivable within one year | 40/41 | €23,585 | €17,905 | -€5,681 | -24.1% |
| Trade receivables | 40 | €13,224 | €13,024 | -€200 | -1.5% |
| Other amounts receivable | 41 | €10,361 | €4,880 | -€5,481 | -52.9% |
| Cash at bank and in hand | 54/58 | €15,723 | €2,740 | -€12,983 | -82.6% |
| Total equity and liabilities | 10/49 | €501,531 | €466,703 | -€34,828 | -6.9% |
| Equity | 10/15 | €64,454 | €64,555 | +€101 | +0.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €61,454 | €61,555 | +€101 | +0.2% |
| Tax-exempt reserves | 132 | €1,747 | €1,747 | = | 0.0% |
| Distributable reserves | 133 | €59,707 | €59,808 | +€101 | +0.2% |
| Amounts payable | 17/49 | €437,077 | €402,148 | -€34,929 | -8.0% |
| Amounts payable after more than one year | 17 | €321,001 | €307,042 | -€13,959 | -4.3% |
| Financial debts | 170/4 | €321,001 | €307,042 | -€13,959 | -4.3% |
| Amounts payable within one year | 42/48 | €116,076 | €95,106 | -€20,970 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €13,468 | €13,959 | +€491 | +3.6% |
| Trade debts | 44 | €3,812 | €6,919 | +€3,107 | +81.5% |
| Suppliers | 440/4 | €3,812 | €6,919 | +€3,107 | +81.5% |
| Taxes, remuneration and social security | 45 | €7,695 | €5,221 | -€2,474 | -32.1% |
| Taxes | 450/3 | €7,695 | €5,221 | -€2,474 | -32.1% |
| Other amounts payable | 47/48 | €91,101 | €69,006 | -€22,095 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,566 | €19,758 | +€192 | +1.0% |
| Other operating charges | 640/8 | €1,217 | €1,330 | +€113 | +9.2% |
| Gross operating margin | 9900 | €39,693 | €20,778 | -€18,915 | -47.7% |
| Operating profit (loss) | 9901 | €18,910 | -€310 | -€19,220 | |
| Financial income | 75/76B | €11 | €11,260 | +€11,250 | +103,875% |
| Recurring financial income | 75 | €11 | €11,260 | +€11,250 | +103,875% |
| Non-recurring financial income | 76B | - | €11,260 | +€11,260 | |
| Financial charges | 65/66B | €19,366 | €12,712 | -€6,654 | -34.4% |
| Recurring financial charges | 65 | €19,366 | €12,712 | -€6,654 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | -€445 | -€1,761 | -€1,317 | -296% |
| Income taxes | 67/77 | -€3,094 | -€1,863 | +€1,232 | +39.8% |
| Profit (loss) for the period | 9904 | €2,650 | €101 | -€2,548 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,650 | €101 | -€2,548 | -96.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.