NIVALO: 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.
NIVALO
Largest movements
- Tangible fixed assets +€6,423
new in 2025: €6,423
- Cash -€2,500
down €2,500 (-8.6%), from €29,041 to €26,541
mainly Investment in fixed assets (net) (-€8,258) and Contributions, distributions and other (-€1,599)
- Receivables within one year +€1,453
up €1,453 (+16.5%), from €8,786 to €10,239
of which Other amounts receivable: +€1,305
- Reserves +€4,296
up €4,296 (+15.2%), from €28,310 to €32,606
- Tax, wage and social debts +€2,065
up €2,065 (+32.9%), from €6,269 to €8,335
- Trade debts -€966
down €966 (-78.6%), from €1,228 to €263
- Gross operating margin +€5,190
up €5,190 (+60.6%), from €8,561 to €13,751
- Depreciation +€1,835
new in 2025: €1,835
- Taxes +€1,803
up €1,803 (+53.8%), from €3,351 to €5,153
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 | €37,826 | €43,203 | +€5,377 | +14.2% |
| Fixed assets | 21/28 | - | €6,423 | +€6,423 | |
| Tangible fixed assets | 22/27 | - | €6,423 | +€6,423 | |
| Furniture and vehicles | 24 | - | €6,423 | +€6,423 | |
| Current assets | 29/58 | €37,826 | €36,780 | -€1,046 | -2.8% |
| Amounts receivable within one year | 40/41 | €8,786 | €10,239 | +€1,453 | +16.5% |
| Trade receivables | 40 | €5,495 | €5,644 | +€149 | +2.7% |
| Other amounts receivable | 41 | €3,290 | €4,595 | +€1,305 | +39.7% |
| Cash at bank and in hand | 54/58 | €29,041 | €26,541 | -€2,500 | -8.6% |
| Total equity and liabilities | 10/49 | €37,826 | €43,203 | +€5,377 | +14.2% |
| Equity | 10/15 | €30,310 | €34,606 | +€4,296 | +14.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,310 | €32,606 | +€4,296 | +15.2% |
| Distributable reserves | 133 | €28,310 | €32,606 | +€4,296 | +15.2% |
| Amounts payable | 17/49 | €7,516 | €8,597 | +€1,081 | +14.4% |
| Amounts payable within one year | 42/48 | €7,498 | €8,597 | +€1,100 | +14.7% |
| Trade debts | 44 | €1,228 | €263 | -€966 | -78.6% |
| Suppliers | 440/4 | €1,228 | €263 | -€966 | -78.6% |
| Taxes, remuneration and social security | 45 | €6,269 | €8,335 | +€2,065 | +32.9% |
| Taxes | 450/3 | €6,269 | €8,335 | +€2,065 | +32.9% |
| Accrued charges and deferred income | 492/3 | €19 | - | -€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,835 | +€1,835 | |
| Other operating charges | 640/8 | €1,229 | €1,172 | -€57 | -4.6% |
| Gross operating margin | 9900 | €8,561 | €13,751 | +€5,190 | +60.6% |
| Operating profit (loss) | 9901 | €7,332 | €10,744 | +€3,412 | +46.5% |
| Financial income | 75/76B | €263 | €375 | +€113 | +42.9% |
| Recurring financial income | 75 | €263 | €375 | +€113 | +42.9% |
| Financial charges | 65/66B | €204 | €70 | -€134 | -65.5% |
| Recurring financial charges | 65 | €204 | €70 | -€134 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | €7,391 | €11,049 | +€3,658 | +49.5% |
| Income taxes | 67/77 | €3,351 | €5,153 | +€1,803 | +53.8% |
| Profit (loss) for the period | 9904 | €4,040 | €5,895 | +€1,855 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,040 | €5,895 | +€1,855 | +45.9% |
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 8 October 2026 via checked.be.