NIVABU: what changed
NIVABU
Largest movements
- Receivables within one year +€52,816
up €52,816 (+567%), from €9,307 to €62,123
of which Trade receivables: +€53,964
- Tangible fixed assets -€8,930
down €8,930 (-31.2%), from €28,642 to €19,712
of which Furniture and vehicles: -€8,415
- Cash +€6,747
up €6,747 (+40.0%), from €16,849 to €23,596
mainly Net result for the year (+€50,740) and Depreciation (+€8,930)
- Profit (loss) carried forward +€50,740
up €50,740 (+117%), from €43,344 to €94,084
- Tax, wage and social debts +€1,739
up €1,739 (+15.9%), from €10,972 to €12,711
- Trade debts -€1,393
down €1,393 (-68.6%), from €2,031 to €637
- Gross operating margin +€62,753
up €62,753 (+603%), from €10,408 to €73,161
- Taxes +€12,542
up €12,542 (+7,445%), from €168 to €12,711
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 | €57,346 | €108,432 | +€51,086 | +89.1% |
| Fixed assets | 21/28 | €28,642 | €19,712 | -€8,930 | -31.2% |
| Tangible fixed assets | 22/27 | €28,642 | €19,712 | -€8,930 | -31.2% |
| Plant, machinery and equipment | 23 | €1,813 | €1,298 | -€515 | -28.4% |
| Furniture and vehicles | 24 | €26,829 | €18,414 | -€8,415 | -31.4% |
| Current assets | 29/58 | €28,704 | €88,720 | +€60,016 | +209% |
| Stocks and contracts in progress | 3 | €1,712 | €1,279 | -€434 | -25.3% |
| Stocks | 30/36 | €1,712 | €1,279 | -€434 | -25.3% |
| Amounts receivable within one year | 40/41 | €9,307 | €62,123 | +€52,816 | +567% |
| Trade receivables | 40 | €6,281 | €60,245 | +€53,964 | +859% |
| Other amounts receivable | 41 | €3,026 | €1,877 | -€1,149 | -38.0% |
| Cash at bank and in hand | 54/58 | €16,849 | €23,596 | +€6,747 | +40.0% |
| Deferred charges and accrued income | 490/1 | €835 | €1,722 | +€887 | +106% |
| Total equity and liabilities | 10/49 | €57,346 | €108,432 | +€51,086 | +89.1% |
| Equity | 10/15 | €44,344 | €95,084 | +€50,740 | +114% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,344 | €94,084 | +€50,740 | +117% |
| Amounts payable | 17/49 | €13,002 | €13,348 | +€346 | +2.7% |
| Amounts payable within one year | 42/48 | €13,002 | €13,348 | +€346 | +2.7% |
| Trade debts | 44 | €2,031 | €637 | -€1,393 | -68.6% |
| Suppliers | 440/4 | €2,031 | €637 | -€1,393 | -68.6% |
| Taxes, remuneration and social security | 45 | €10,972 | €12,711 | +€1,739 | +15.9% |
| Taxes | 450/3 | €10,972 | €12,711 | +€1,739 | +15.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,835 | €8,930 | +€95 | +1.1% |
| Other operating charges | 640/8 | €687 | €759 | +€73 | +10.6% |
| Gross operating margin | 9900 | €10,408 | €73,161 | +€62,753 | +603% |
| Operating profit (loss) | 9901 | €886 | €63,471 | +€62,586 | +7,065% |
| Financial income | 75/76B | €0 | €40 | +€40 | |
| Recurring financial income | 75 | €0 | €40 | +€40 | |
| Financial charges | 65/66B | €44 | €60 | +€17 | +38.9% |
| Recurring financial charges | 65 | €44 | €60 | +€17 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €842 | €63,451 | +€62,608 | +7,433% |
| Income taxes | 67/77 | €168 | €12,711 | +€12,542 | +7,445% |
| Profit (loss) for the period | 9904 | €674 | €50,740 | +€50,066 | +7,430% |
| Profit (loss) for the period to be appropriated | 9905 | €674 | €50,740 | +€50,066 | +7,430% |
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 4 November 2026 via checked.be.