NIVELLES: 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.
NIVELLES
Largest movements
- Cash -€61,870
down €61,870 (-73.8%), from €83,823 to €21,954
mainly Investment in fixed assets (net) (-€107,134) and Other debts (-€90,957)
- Tangible fixed assets +€39,559
up €39,559 (+6.3%), from €628,838 to €668,396
of which Plant, machinery and equipment: +€73,621
- Receivables within one year -€9,293
down €9,293 (-10.6%), from €87,747 to €78,454
of which Other amounts receivable: -€5,022
- Other debts -€90,957
down €90,957 (-50.5%), from €180,119 to €89,162
- Debts after one year +€33,542
up €33,542 (+16.6%), from €202,467 to €236,008
- Current portion of long-term debt +€16,918
up €16,918 (+84.6%), from €20,000 to €36,918
- Profit (loss) carried forward +€12,142
up €12,142 (+11.1%), from €109,239 to €121,381
- Gross operating margin -€12,415
down €12,415 (-9.6%), from €129,267 to €116,852
- Depreciation +€6,337
up €6,337 (+10.3%), from €61,239 to €67,576
- Staff costs -€5,363
down €5,363 (-33.2%), from €16,149 to €10,786
- Financial charges +€4,929
up €4,929 (+48.2%), from €10,220 to €15,149
- Taxes -€3,442
down €3,442 (-73.6%), from €4,675 to €1,233
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 | €801,189 | €768,804 | -€32,386 | -4.0% |
| Fixed assets | 21/28 | €628,838 | €668,396 | +€39,559 | +6.3% |
| Tangible fixed assets | 22/27 | €628,838 | €668,396 | +€39,559 | +6.3% |
| Land and buildings | 22 | €453,518 | €419,523 | -€33,996 | -7.5% |
| Plant, machinery and equipment | 23 | €175,187 | €248,807 | +€73,621 | +42.0% |
| Furniture and vehicles | 24 | €133 | €66 | -€66 | -50.0% |
| Current assets | 29/58 | €172,352 | €100,407 | -€71,945 | -41.7% |
| Amounts receivable within one year | 40/41 | €87,747 | €78,454 | -€9,293 | -10.6% |
| Trade receivables | 40 | €6,511 | €2,240 | -€4,271 | -65.6% |
| Other amounts receivable | 41 | €81,236 | €76,214 | -€5,022 | -6.2% |
| Cash at bank and in hand | 54/58 | €83,823 | €21,954 | -€61,870 | -73.8% |
| Deferred charges and accrued income | 490/1 | €782 | - | -€782 | |
| Total equity and liabilities | 10/49 | €801,189 | €768,804 | -€32,386 | -4.0% |
| Equity | 10/15 | €268,377 | €280,519 | +€12,142 | +4.5% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Capital | 10 | €135,000 | €135,000 | = | 0.0% |
| Issued capital | 100 | €135,000 | €135,000 | = | 0.0% |
| Reserves | 13 | €24,138 | €24,138 | = | 0.0% |
| Distributable reserves | 133 | €24,138 | €24,138 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,239 | €121,381 | +€12,142 | +11.1% |
| Amounts payable | 17/49 | €532,812 | €488,285 | -€44,527 | -8.4% |
| Amounts payable after more than one year | 17 | €202,467 | €236,008 | +€33,542 | +16.6% |
| Financial debts | 170/4 | €202,467 | €236,008 | +€33,542 | +16.6% |
| Amounts payable within one year | 42/48 | €330,346 | €252,277 | -€78,069 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €36,918 | +€16,918 | +84.6% |
| Trade debts | 44 | €102,505 | €101,351 | -€1,154 | -1.1% |
| Suppliers | 440/4 | €102,505 | €101,351 | -€1,154 | -1.1% |
| Taxes, remuneration and social security | 45 | €27,722 | €24,846 | -€2,876 | -10.4% |
| Taxes | 450/3 | €9,056 | €3,987 | -€5,070 | -56.0% |
| Remuneration and social security | 454/9 | €18,665 | €20,859 | +€2,194 | +11.8% |
| Other amounts payable | 47/48 | €180,119 | €89,162 | -€90,957 | -50.5% |
| Non-recurring operating income | 76A | €50 | - | -€50 | |
| Remuneration, social security and pensions | 62 | €16,149 | €10,786 | -€5,363 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,239 | €67,576 | +€6,337 | +10.3% |
| Other operating charges | 640/8 | €10,784 | €11,251 | +€468 | +4.3% |
| Gross operating margin | 9900 | €129,267 | €116,852 | -€12,415 | -9.6% |
| Operating profit (loss) | 9901 | €41,096 | €27,239 | -€13,857 | -33.7% |
| Financial income | 75/76B | €1,000 | €1,284 | +€284 | +28.4% |
| Recurring financial income | 75 | €1,000 | €1,227 | +€227 | +22.7% |
| Non-recurring financial income | 76B | - | €57 | +€57 | |
| Financial charges | 65/66B | €10,220 | €15,149 | +€4,929 | +48.2% |
| Recurring financial charges | 65 | €10,220 | €15,149 | +€4,929 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €31,876 | €13,375 | -€18,502 | -58.0% |
| Income taxes | 67/77 | €4,675 | €1,233 | -€3,442 | -73.6% |
| Profit (loss) for the period | 9904 | €27,201 | €12,142 | -€15,060 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,201 | €12,142 | -€15,060 | -55.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.