NIVALIS: 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.
NIVALIS
Largest movements
- Tangible fixed assets +€7,023
up €7,023 (+155%), from €4,539 to €11,562
of which Plant, machinery and equipment: +€7,203
- Cash +€6,113
up €6,113 (+6.3%), from €97,482 to €103,595
mainly Net result for the year (+€5,536) and Trade debts (+€5,206)
- Deferred charges and accrued income +€1,414
up €1,414 (+652%), from €217 to €1,631
- Receivables within one year +€1,272
up €1,272 (+15.0%), from €8,485 to €9,757
of which Other amounts receivable: +€2,662
- Profit (loss) carried forward +€5,536
up €5,536 (+9.8%), from -€56,651 to -€51,115
- Trade debts +€5,206
up €5,206 (+106%), from €4,908 to €10,114
- Other debts +€3,229
up €3,229 (+25.0%), from €12,924 to €16,153
- Tax, wage and social debts +€1,569
up €1,569 (+57.8%), from €2,715 to €4,284
of which Taxes: +€3,535
- Staff costs -€31,301
down €31,301 (-98.7%), from €31,726 to €424
- Gross operating margin -€22,541
down €22,541 (-58.4%), from €38,606 to €16,065
- Other operating charges +€3,823
up €3,823 (+480%), from €796 to €4,619
- Write-downs +€3,678
new in 2025: €3,678
- Financial charges -€833
down €833 (-76.1%), from €1,095 to €262
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.
Derived cash bridge
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 | €111,306 | €126,846 | +€15,540 | +14.0% |
| Fixed assets | 21/28 | €4,589 | €11,862 | +€7,273 | +159% |
| Tangible fixed assets | 22/27 | €4,539 | €11,562 | +€7,023 | +155% |
| Plant, machinery and equipment | 23 | €3,737 | €10,940 | +€7,203 | +193% |
| Furniture and vehicles | 24 | €802 | €622 | -€180 | -22.4% |
| Financial fixed assets | 28 | €50 | €300 | +€250 | +500% |
| Current assets | 29/58 | €106,717 | €114,983 | +€8,266 | +7.7% |
| Stocks and contracts in progress | 3 | €533 | - | -€533 | |
| Stocks | 30/36 | €533 | - | -€533 | |
| Amounts receivable within one year | 40/41 | €8,485 | €9,757 | +€1,272 | +15.0% |
| Trade receivables | 40 | €6,060 | €4,671 | -€1,390 | -22.9% |
| Other amounts receivable | 41 | €2,425 | €5,087 | +€2,662 | +110% |
| Cash at bank and in hand | 54/58 | €97,482 | €103,595 | +€6,113 | +6.3% |
| Deferred charges and accrued income | 490/1 | €217 | €1,631 | +€1,414 | +652% |
| Total equity and liabilities | 10/49 | €111,306 | €126,846 | +€15,540 | +14.0% |
| Equity | 10/15 | €39,759 | €45,295 | +€5,536 | +13.9% |
| Contributions | 10/11 | €58,776 | €58,776 | = | 0.0% |
| Reserves | 13 | €37,634 | €37,634 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,003 | €1,003 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,003 | €1,003 | = | 0.0% |
| Distributable reserves | 133 | €36,631 | €36,631 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,651 | -€51,115 | +€5,536 | +9.8% |
| Amounts payable | 17/49 | €71,547 | €81,551 | +€10,004 | +14.0% |
| Amounts payable after more than one year | 17 | €51,000 | €51,000 | = | 0.0% |
| Other amounts payable | 178/9 | €51,000 | €51,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,547 | €30,551 | +€10,004 | +48.7% |
| Trade debts | 44 | €4,908 | €10,114 | +€5,206 | +106% |
| Suppliers | 440/4 | €4,908 | €10,114 | +€5,206 | +106% |
| Taxes, remuneration and social security | 45 | €2,715 | €4,284 | +€1,569 | +57.8% |
| Taxes | 450/3 | €749 | €4,284 | +€3,535 | +472% |
| Remuneration and social security | 454/9 | €1,966 | - | -€1,966 | |
| Other amounts payable | 47/48 | €12,924 | €16,153 | +€3,229 | +25.0% |
| Remuneration, social security and pensions | 62 | €31,726 | €424 | -€31,301 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,171 | €1,462 | +€291 | +24.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,678 | +€3,678 | |
| Other operating charges | 640/8 | €796 | €4,619 | +€3,823 | +480% |
| Gross operating margin | 9900 | €38,606 | €16,065 | -€22,541 | -58.4% |
| Operating profit (loss) | 9901 | €4,913 | €5,882 | +€968 | +19.7% |
| Financial income | 75/76B | €25 | €51 | +€26 | +101% |
| Recurring financial income | 75 | €25 | €51 | +€26 | +101% |
| Financial charges | 65/66B | €1,095 | €262 | -€833 | -76.1% |
| Recurring financial charges | 65 | €1,095 | €262 | -€833 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | €3,844 | €5,670 | +€1,827 | +47.5% |
| Income taxes | 67/77 | €137 | €135 | -€2 | -1.3% |
| Profit (loss) for the period | 9904 | €3,707 | €5,536 | +€1,828 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,707 | €5,536 | +€1,828 | +49.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.