NIVANCO: 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.
NIVANCO
Largest movements
- Intangible fixed assets -€36,762
down €36,762 (-25.0%), from €147,049 to €110,287
- Financial fixed assets +€35,000
up €35,000 (+3.5%), from €1.0m to €1.0m
- Other debts +€122,032
up €122,032 (+99.7%), from €122,380 to €244,412
- Debts after one year -€96,000
down €96,000 (-16.1%), from €596,000 to €500,000
- Reserves -€21,024
down €21,024 (-4.8%), from €435,181 to €414,156
- Financial income +€46,806
up €46,806 (+33.4%), from €140,280 to €187,086
- Gross operating margin +€16,816
up €16,816 (+86.4%), from €19,470 to €36,286
- Taxes -€5,544
down €5,544 (-34.2%), from €16,197 to €10,653
- Depreciation +€940
up €940 (+2.4%), from €38,765 to €39,705
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,165,058 | €1,165,229 | +€170 | 0.0% |
| Fixed assets | 21/28 | €1,162,975 | €1,159,869 | -€3,106 | -0.3% |
| Intangible fixed assets | 21 | €147,049 | €110,287 | -€36,762 | -25.0% |
| Tangible fixed assets | 22/27 | €9,452 | €8,108 | -€1,344 | -14.2% |
| Furniture and vehicles | 24 | €9,452 | €8,108 | -€1,344 | -14.2% |
| Financial fixed assets | 28 | €1,006,473 | €1,041,473 | +€35,000 | +3.5% |
| Current assets | 29/58 | €2,084 | €5,360 | +€3,276 | +157.2% |
| Amounts receivable within one year | 40/41 | €73 | €4,435 | +€4,361 | +5937.9% |
| Other amounts receivable | 41 | €73 | €4,435 | +€4,361 | +5937.9% |
| Cash at bank and in hand | 54/58 | €1,923 | €839 | -€1,085 | -56.4% |
| Deferred charges and accrued income | 490/1 | €87 | €87 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,165,058 | €1,165,229 | +€170 | 0.0% |
| Equity | 10/15 | €437,413 | €416,388 | -€21,024 | -4.8% |
| Contributions | 10/11 | €2,232 | €2,232 | = | 0.0% |
| Reserves | 13 | €435,181 | €414,156 | -€21,024 | -4.8% |
| Distributable reserves | 133 | €435,181 | €414,156 | -€21,024 | -4.8% |
| Amounts payable | 17/49 | €727,646 | €748,840 | +€21,195 | +2.9% |
| Amounts payable after more than one year | 17 | €596,000 | €500,000 | -€96,000 | -16.1% |
| Financial debts | 170/4 | €596,000 | €500,000 | -€96,000 | -16.1% |
| Amounts payable within one year | 42/48 | €131,646 | €248,840 | +€117,195 | +89.0% |
| Trade debts | 44 | €1,343 | €2,703 | +€1,359 | +101.2% |
| Suppliers | 440/4 | €1,343 | €2,703 | +€1,359 | +101.2% |
| Taxes, remuneration and social security | 45 | €7,922 | €1,725 | -€6,197 | -78.2% |
| Taxes | 450/3 | €7,922 | €1,725 | -€6,197 | -78.2% |
| Other amounts payable | 47/48 | €122,380 | €244,412 | +€122,032 | +99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,765 | €39,705 | +€940 | +2.4% |
| Other operating charges | 640/8 | €1,075 | €1,209 | +€133 | +12.4% |
| Non-recurring operating charges | 66A | €126 | - | -€126 | |
| Gross operating margin | 9900 | €19,470 | €36,286 | +€16,816 | +86.4% |
| Operating profit (loss) | 9901 | -€20,496 | -€4,628 | +€15,868 | +77.4% |
| Financial income | 75/76B | €140,280 | €187,086 | +€46,806 | +33.4% |
| Recurring financial income | 75 | €140,280 | €187,086 | +€46,806 | +33.4% |
| Financial charges | 65/66B | €124 | €66 | -€58 | -46.6% |
| Recurring financial charges | 65 | €124 | €66 | -€58 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €119,660 | €182,392 | +€62,732 | +52.4% |
| Income taxes | 67/77 | €16,197 | €10,653 | -€5,544 | -34.2% |
| Profit (loss) for the period | 9904 | €103,463 | €171,740 | +€68,276 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,463 | €171,740 | +€68,276 | +66.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.