NIVATRA: 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.
NIVATRA
Largest movements
- Receivables within one year -€16,049
down €16,049 (-37.3%), from €42,969 to €26,920
of which Trade receivables: -€14,153
- Tangible fixed assets +€11,649
up €11,649 (+1,923%), from €606 to €12,255
- Cash +€8,567
up €8,567 (+30.7%), from €27,873 to €36,440
mainly Receivables within one year (+€16,049) and Net result for the year (+€7,112)
- Deferred charges and accrued income +€2,441
up €2,441 (+248%), from €984 to €3,424
- Profit (loss) carried forward +€7,112
up €7,112 (+19.3%), from €36,863 to €43,975
- Other debts +€4,495
up €4,495 (+39.0%), from €11,523 to €16,019
- Tax, wage and social debts -€2,679
down €2,679 (-46.1%), from €5,816 to €3,137
- Trade debts -€2,321
down €2,321 (-58.5%), from €3,970 to €1,649
- Gross operating margin -€16,497
down €16,497 (-36.5%), from €45,225 to €28,728
- Depreciation +€3,547
up €3,547 (+442%), from €804 to €4,351
- Taxes -€2,780
down €2,780 (-57.9%), from €4,803 to €2,023
- Other operating charges -€1,021
down €1,021 (-6.5%), from €15,670 to €14,649
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 | €72,432 | €79,040 | +€6,607 | +9.1% |
| Fixed assets | 21/28 | €606 | €12,255 | +€11,649 | +1,923% |
| Tangible fixed assets | 22/27 | €606 | €12,255 | +€11,649 | +1,923% |
| Furniture and vehicles | 24 | €606 | €12,255 | +€11,649 | +1,923% |
| Current assets | 29/58 | €71,826 | €66,785 | -€5,042 | -7.0% |
| Amounts receivable within one year | 40/41 | €42,969 | €26,920 | -€16,049 | -37.3% |
| Trade receivables | 40 | €37,882 | €23,729 | -€14,153 | -37.4% |
| Other amounts receivable | 41 | €5,087 | €3,191 | -€1,896 | -37.3% |
| Cash at bank and in hand | 54/58 | €27,873 | €36,440 | +€8,567 | +30.7% |
| Deferred charges and accrued income | 490/1 | €984 | €3,424 | +€2,441 | +248% |
| Total equity and liabilities | 10/49 | €72,432 | €79,040 | +€6,607 | +9.1% |
| Equity | 10/15 | €51,123 | €58,235 | +€7,112 | +13.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,863 | €43,975 | +€7,112 | +19.3% |
| Amounts payable | 17/49 | €21,309 | €20,805 | -€505 | -2.4% |
| Amounts payable within one year | 42/48 | €21,309 | €20,805 | -€505 | -2.4% |
| Trade debts | 44 | €3,970 | €1,649 | -€2,321 | -58.5% |
| Suppliers | 440/4 | €3,970 | €1,649 | -€2,321 | -58.5% |
| Taxes, remuneration and social security | 45 | €5,816 | €3,137 | -€2,679 | -46.1% |
| Taxes | 450/3 | €5,816 | €3,137 | -€2,679 | -46.1% |
| Other amounts payable | 47/48 | €11,523 | €16,019 | +€4,495 | +39.0% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €804 | €4,351 | +€3,547 | +442% |
| Other operating charges | 640/8 | €15,670 | €14,649 | -€1,021 | -6.5% |
| Gross operating margin | 9900 | €45,225 | €28,728 | -€16,497 | -36.5% |
| Operating profit (loss) | 9901 | €28,751 | €9,728 | -€19,023 | -66.2% |
| Financial income | 75/76B | €41 | €30 | -€10 | -25.6% |
| Recurring financial income | 75 | €41 | €30 | -€10 | -25.6% |
| Financial charges | 65/66B | €635 | €623 | -€12 | -1.9% |
| Recurring financial charges | 65 | €635 | €623 | -€12 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €28,157 | €9,135 | -€19,022 | -67.6% |
| Income taxes | 67/77 | €4,803 | €2,023 | -€2,780 | -57.9% |
| Profit (loss) for the period | 9904 | €23,354 | €7,112 | -€16,242 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,354 | €7,112 | -€16,242 | -69.5% |
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.