NIVADMIN: 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.
NIVADMIN
Largest movements
- Tangible fixed assets -€52,968
down €52,968 (-7.6%), from €696,202 to €643,234
- Debts after one year -€71,637
down €71,637 (-4.9%), from €1.5m to €1.4m
- Gross operating margin -€5,576
down €5,576 (-7.0%), from €80,176 to €74,600
- Other operating charges +€4,972
new in 2025: €4,972
- Financial charges -€3,043
down €3,043 (-22.1%), from €13,790 to €10,746
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 | €785,913 | €729,526 | -€56,387 | -7.2% |
| Fixed assets | 21/28 | €696,202 | €643,234 | -€52,968 | -7.6% |
| Tangible fixed assets | 22/27 | €696,202 | €643,234 | -€52,968 | -7.6% |
| Land and buildings | 22 | €696,202 | €643,234 | -€52,968 | -7.6% |
| Current assets | 29/58 | €89,711 | €86,293 | -€3,419 | -3.8% |
| Amounts receivable after more than one year | 29 | €84,000 | €84,000 | = | 0.0% |
| Trade receivables | 290 | €84,000 | €84,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,591 | €2,173 | -€3,419 | -61.1% |
| Deferred charges and accrued income | 490/1 | €120 | €120 | = | 0.0% |
| Total equity and liabilities | 10/49 | €785,913 | €729,526 | -€56,387 | -7.2% |
| Equity | 10/15 | -€763,185 | -€757,273 | +€5,912 | +0.8% |
| Contributions | 10/11 | €151,215 | €151,215 | = | 0.0% |
| Reserves | 13 | €15,122 | €15,122 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,122 | €15,122 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,122 | €15,122 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€929,522 | -€923,610 | +€5,912 | +0.6% |
| Amounts payable | 17/49 | €1,549,099 | €1,486,799 | -€62,299 | -4.0% |
| Amounts payable after more than one year | 17 | €1,455,456 | €1,383,819 | -€71,637 | -4.9% |
| Financial debts | 170/4 | €1,455,456 | €1,383,819 | -€71,637 | -4.9% |
| Amounts payable within one year | 42/48 | €93,643 | €102,981 | +€9,338 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €89,838 | €92,950 | +€3,113 | +3.5% |
| Trade debts | 44 | €3,805 | €10,030 | +€6,225 | +163.6% |
| Suppliers | 440/4 | €3,805 | €10,030 | +€6,225 | +163.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,968 | €52,968 | = | 0.0% |
| Other operating charges | 640/8 | - | €4,972 | +€4,972 | |
| Gross operating margin | 9900 | €80,176 | €74,600 | -€5,576 | -7.0% |
| Operating profit (loss) | 9901 | €27,207 | €16,659 | -€10,549 | -38.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +62.5% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +62.5% |
| Financial charges | 65/66B | €13,790 | €10,746 | -€3,043 | -22.1% |
| Recurring financial charges | 65 | €13,790 | €10,746 | -€3,043 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €13,418 | €5,912 | -€7,505 | -55.9% |
| Profit (loss) for the period | 9904 | €13,418 | €5,912 | -€7,505 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,418 | €5,912 | -€7,505 | -55.9% |
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 30 September 2026 via checked.be.