NIVEKI: 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.
NIVEKI
Largest movements
- Receivables within one year +€84,283
up €84,283 (+114%), from €73,621 to €157,904
of which Other amounts receivable: +€79,010
- Current investments -€50,648
no longer reported in 2025 (was €50,648)
- Receivables after one year -€30,000
down €30,000 (-50.0%), from €60,000 to €30,000
- Other debts +€93,089
up €93,089 (+8,123%), from €1,146 to €94,235
- Reserves -€35,098
down €35,098 (-7.8%), from €448,376 to €413,279
of which Non-distributable reserves: -€35,098
- Debts after one year -€31,126
down €31,126 (-76.1%), from €40,926 to €9,800
- Trade debts -€27,991
down €27,991 (-45.0%), from €62,225 to €34,234
- Current portion of long-term debt +€11,725
up €11,725 (+32.1%), from €36,471 to €48,196
- Gross operating margin -€23,787
down €23,787 (-19.2%), from €123,763 to €99,976
- Financial income +€10,205
up €10,205 (+446%), from €2,287 to €12,491
- Financial charges -€4,559
down €4,559 (-35.2%), from €12,948 to €8,389
- Taxes -€2,144
down €2,144 (-8.2%), from €26,280 to €24,137
- Depreciation +€1,843
up €1,843 (+9.3%), from €19,819 to €21,662
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 | €621,659 | €634,219 | +€12,560 | +2.0% |
| Fixed assets | 21/28 | €430,243 | €435,092 | +€4,849 | +1.1% |
| Tangible fixed assets | 22/27 | €430,243 | €435,092 | +€4,849 | +1.1% |
| Land and buildings | 22 | €407,340 | €402,377 | -€4,963 | -1.2% |
| Plant, machinery and equipment | 23 | €3,136 | €14,489 | +€11,352 | +362% |
| Furniture and vehicles | 24 | €9,416 | €7,876 | -€1,541 | -16.4% |
| Other tangible fixed assets | 26 | €10,350 | €10,350 | = | 0.0% |
| Current assets | 29/58 | €191,416 | €199,127 | +€7,711 | +4.0% |
| Amounts receivable after more than one year | 29 | €60,000 | €30,000 | -€30,000 | -50.0% |
| Other amounts receivable | 291 | €60,000 | €30,000 | -€30,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €73,621 | €157,904 | +€84,283 | +114% |
| Trade receivables | 40 | €17,362 | €22,636 | +€5,274 | +30.4% |
| Other amounts receivable | 41 | €56,259 | €135,269 | +€79,010 | +140% |
| Current investments | 50/53 | €50,648 | - | -€50,648 | |
| Cash at bank and in hand | 54/58 | €1,077 | €3,082 | +€2,005 | +186% |
| Deferred charges and accrued income | 490/1 | €6,070 | €8,141 | +€2,071 | +34.1% |
| Total equity and liabilities | 10/49 | €621,659 | €634,219 | +€12,560 | +2.0% |
| Equity | 10/15 | €467,446 | €432,348 | -€35,098 | -7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €448,376 | €413,279 | -€35,098 | -7.8% |
| Non-distributable reserves | 130/1 | €401,079 | €365,981 | -€35,098 | -8.8% |
| Other | 1319 | €401,079 | €365,981 | -€35,098 | -8.8% |
| Distributable reserves | 133 | €47,297 | €47,297 | = | 0.0% |
| Profit (loss) carried forward | 14 | €470 | €470 | = | 0.0% |
| Amounts payable | 17/49 | €154,213 | €201,871 | +€47,658 | +30.9% |
| Amounts payable after more than one year | 17 | €40,926 | €9,800 | -€31,126 | -76.1% |
| Financial debts | 170/4 | €40,926 | €9,800 | -€31,126 | -76.1% |
| Amounts payable within one year | 42/48 | €113,170 | €192,020 | +€78,850 | +69.7% |
| Current portion of amounts payable after more than one year | 42 | €36,471 | €48,196 | +€11,725 | +32.1% |
| Trade debts | 44 | €62,225 | €34,234 | -€27,991 | -45.0% |
| Suppliers | 440/4 | €62,225 | €34,234 | -€27,991 | -45.0% |
| Taxes, remuneration and social security | 45 | €13,328 | €15,354 | +€2,026 | +15.2% |
| Taxes | 450/3 | €13,328 | €15,354 | +€2,026 | +15.2% |
| Other amounts payable | 47/48 | €1,146 | €94,235 | +€93,089 | +8,123% |
| Accrued charges and deferred income | 492/3 | €117 | €51 | -€65 | -55.9% |
| Non-recurring operating income | 76A | €1,427 | - | -€1,427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,819 | €21,662 | +€1,843 | +9.3% |
| Other operating charges | 640/8 | €4,305 | €3,807 | -€498 | -11.6% |
| Non-recurring operating charges | 66A | €618 | €619 | +€1 | +0.1% |
| Gross operating margin | 9900 | €123,763 | €99,976 | -€23,787 | -19.2% |
| Operating profit (loss) | 9901 | €99,022 | €73,889 | -€25,133 | -25.4% |
| Financial income | 75/76B | €2,287 | €12,491 | +€10,205 | +446% |
| Recurring financial income | 75 | €2,287 | €12,491 | +€10,205 | +446% |
| Financial charges | 65/66B | €12,948 | €8,389 | -€4,559 | -35.2% |
| Recurring financial charges | 65 | €12,948 | €8,389 | -€4,559 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €88,360 | €77,991 | -€10,370 | -11.7% |
| Income taxes | 67/77 | €26,280 | €24,137 | -€2,144 | -8.2% |
| Profit (loss) for the period | 9904 | €62,080 | €53,854 | -€8,226 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,080 | €53,854 | -€8,226 | -13.3% |
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 18 October 2026 via checked.be.