NIVA CONSTRUCT: what changed
Two fiscal 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.
NIVA CONSTRUCT
Largest movements
- Cash +€176,319
up €176,319 (+72.0%), from €244,778 to €421,097
mainly Net result for the year (+€194,582) and Stocks and contracts (+€150,258)
- Stocks and contracts -€150,258
down €150,258 (-39.8%), from €377,963 to €227,705
of which Stocks: -€124,792
- Receivables within one year +€28,424
up €28,424 (+4.5%), from €629,194 to €657,617
of which Other amounts receivable: +€39,270
- Reserves +€144,582
up €144,582 (+24.7%), from €584,527 to €729,109
- Advances received -€75,000
no longer reported in 2025 (was €75,000)
- Other debts +€50,081
up €50,081 (+450.1%), from €11,125 to €61,206
- Trade debts -€46,582
down €46,582 (-33.2%), from €140,296 to €93,715
- Debts after one year -€45,206
down €45,206 (-15.3%), from €295,693 to €250,487
- Gross operating margin +€198,848
up €198,848 (+25.8%), from €770,148 to €968,996
- Staff costs +€78,802
up €78,802 (+16.0%), from €493,221 to €572,023
- Taxes +€27,725
up €27,725 (+121.3%), from €22,863 to €50,588
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.
Cash bridge derived
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 | €2,530,182 | €2,591,390 | +€61,208 | +2.4% |
| Fixed assets | 21/28 | €1,261,165 | €1,266,358 | +€5,193 | +0.4% |
| Intangible fixed assets | 21 | €3,834 | €872 | -€2,962 | -77.2% |
| Tangible fixed assets | 22/27 | €1,257,331 | €1,265,485 | +€8,155 | +0.6% |
| Land and buildings | 22 | €890,862 | €830,693 | -€60,169 | -6.8% |
| Plant, machinery and equipment | 23 | €366,468 | €390,651 | +€24,182 | +6.6% |
| Furniture and vehicles | 24 | - | €44,142 | +€44,142 | |
| Current assets | 29/58 | €1,269,017 | €1,325,032 | +€56,015 | +4.4% |
| Stocks and contracts in progress | 3 | €377,963 | €227,705 | -€150,258 | -39.8% |
| Stocks | 30/36 | €352,497 | €227,705 | -€124,792 | -35.4% |
| Contracts in progress | 37 | €25,466 | - | -€25,466 | |
| Amounts receivable within one year | 40/41 | €629,194 | €657,617 | +€28,424 | +4.5% |
| Trade receivables | 40 | €285,712 | €274,866 | -€10,846 | -3.8% |
| Other amounts receivable | 41 | €343,481 | €382,751 | +€39,270 | +11.4% |
| Cash at bank and in hand | 54/58 | €244,778 | €421,097 | +€176,319 | +72.0% |
| Deferred charges and accrued income | 490/1 | €17,082 | €18,613 | +€1,531 | +9.0% |
| Total equity and liabilities | 10/49 | €2,530,182 | €2,591,390 | +€61,208 | +2.4% |
| Equity | 10/15 | €1,784,527 | €1,929,109 | +€144,582 | +8.1% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Reserves | 13 | €584,527 | €729,109 | +€144,582 | +24.7% |
| Distributable reserves | 133 | €584,527 | €729,109 | +€144,582 | +24.7% |
| Amounts payable | 17/49 | €745,654 | €662,281 | -€83,373 | -11.2% |
| Amounts payable after more than one year | 17 | €295,693 | €250,487 | -€45,206 | -15.3% |
| Financial debts | 170/4 | €295,693 | €250,487 | -€45,206 | -15.3% |
| Amounts payable within one year | 42/48 | €449,962 | €411,794 | -€38,167 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €135,528 | €160,668 | +€25,140 | +18.5% |
| Financial debts | 43 | €21,314 | €13,253 | -€8,061 | -37.8% |
| Credit institutions | 430/8 | €21,314 | €13,253 | -€8,061 | -37.8% |
| Trade debts | 44 | €140,296 | €93,715 | -€46,582 | -33.2% |
| Suppliers | 440/4 | €140,296 | €93,715 | -€46,582 | -33.2% |
| Advances received on contracts in progress | 46 | €75,000 | - | -€75,000 | |
| Taxes, remuneration and social security | 45 | €66,698 | €82,952 | +€16,254 | +24.4% |
| Taxes | 450/3 | €11,208 | €16,571 | +€5,363 | +47.8% |
| Remuneration and social security | 454/9 | €55,490 | €66,381 | +€10,891 | +19.6% |
| Other amounts payable | 47/48 | €11,125 | €61,206 | +€50,081 | +450.1% |
| Remuneration, social security and pensions | 62 | €493,221 | €572,023 | +€78,802 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,401 | €124,157 | +€6,756 | +5.8% |
| Other operating charges | 640/8 | €18,883 | €18,225 | -€658 | -3.5% |
| Gross operating margin | 9900 | €770,148 | €968,996 | +€198,848 | +25.8% |
| Operating profit (loss) | 9901 | €140,641 | €254,591 | +€113,949 | +81.0% |
| Financial income | 75/76B | €6,857 | €5,390 | -€1,466 | -21.4% |
| Recurring financial income | 75 | €6,857 | €5,390 | -€1,466 | -21.4% |
| Financial charges | 65/66B | €17,305 | €14,812 | -€2,493 | -14.4% |
| Recurring financial charges | 65 | €17,305 | €14,812 | -€2,493 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €130,193 | €245,169 | +€114,976 | +88.3% |
| Income taxes | 67/77 | €22,863 | €50,588 | +€27,725 | +121.3% |
| Profit (loss) for the period | 9904 | €107,330 | €194,582 | +€87,252 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €107,330 | €194,582 | +€87,252 | +81.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.