Nivacor: 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.
Nivacor
Largest movements
- Cash +€52,207
up €52,207 (+291.4%), from €17,919 to €70,126
mainly Debts after one year (+€222,849) and Net result for the year (+€58,294)
- Receivables within one year +€20,570
up €20,570 (+436.7%), from €4,710 to €25,280
- Short-term financial debts -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Debts after one year +€222,849
up €222,849 (+217.9%), from €102,257 to €325,106
of which Financial debts: +€215,141
- Reserves +€48,838
new in 2025: €48,838
- Current portion of long-term debt +€32,224
new in 2025: €32,224
- Tax, wage and social debts +€16,118
up €16,118 (+134.3%), from €12,003 to €28,121
of which Taxes: +€18,073
- Gross operating margin +€98,188
up €98,188, from -€2,081 to €96,108
- Taxes +€16,945
new in 2025: €16,945
- Financial charges +€13,989
up €13,989 (+215.5%), from €6,492 to €20,481
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 | €372,629 | €445,406 | +€72,777 | +19.5% |
| Fixed assets | 21/28 | €350,000 | €350,000 | = | 0.0% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €22,629 | €95,406 | +€72,777 | +321.6% |
| Amounts receivable within one year | 40/41 | €4,710 | €25,280 | +€20,570 | +436.7% |
| Trade receivables | 40 | €4,710 | €25,280 | +€20,570 | +436.7% |
| Cash at bank and in hand | 54/58 | €17,919 | €70,126 | +€52,207 | +291.4% |
| Total equity and liabilities | 10/49 | €372,629 | €445,406 | +€72,777 | +19.5% |
| Equity | 10/15 | -€6,957 | €51,338 | +€58,294 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €48,838 | +€48,838 | |
| Distributable reserves | 133 | - | €48,838 | +€48,838 | |
| Profit (loss) carried forward | 14 | -€9,457 | €0 | +€9,457 | |
| Amounts payable | 17/49 | €379,585 | €394,068 | +€14,483 | +3.8% |
| Amounts payable after more than one year | 17 | €102,257 | €325,106 | +€222,849 | +217.9% |
| Financial debts | 170/4 | - | €215,141 | +€215,141 | |
| Other amounts payable | 178/9 | €102,257 | €109,965 | +€7,708 | +7.5% |
| Amounts payable within one year | 42/48 | €273,100 | €68,962 | -€204,139 | -74.7% |
| Current portion of amounts payable after more than one year | 42 | - | €32,224 | +€32,224 | |
| Financial debts | 43 | €250,000 | €0 | -€250,000 | -100.0% |
| Credit institutions | 430/8 | €250,000 | €0 | -€250,000 | -100.0% |
| Trade debts | 44 | €6,597 | €6,117 | -€480 | -7.3% |
| Suppliers | 440/4 | €6,597 | €6,117 | -€480 | -7.3% |
| Taxes, remuneration and social security | 45 | €12,003 | €28,121 | +€16,118 | +134.3% |
| Taxes | 450/3 | €8,003 | €26,076 | +€18,073 | +225.8% |
| Remuneration and social security | 454/9 | €4,000 | €2,045 | -€1,955 | -48.9% |
| Other amounts payable | 47/48 | €4,500 | €2,500 | -€2,000 | -44.4% |
| Accrued charges and deferred income | 492/3 | €4,228 | €0 | -€4,228 | -100.0% |
| Other operating charges | 640/8 | €884 | €387 | -€497 | -56.2% |
| Gross operating margin | 9900 | -€2,081 | €96,108 | +€98,188 | |
| Operating profit (loss) | 9901 | -€2,965 | €95,720 | +€98,685 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €6,492 | €20,481 | +€13,989 | +215.5% |
| Recurring financial charges | 65 | €6,492 | €20,481 | +€13,989 | +215.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,457 | €75,240 | +€84,697 | |
| Income taxes | 67/77 | - | €16,945 | +€16,945 | |
| Profit (loss) for the period | 9904 | -€9,457 | €58,294 | +€67,751 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,457 | €58,294 | +€67,751 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.