NIVELLES ASSURANCES: 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.
NIVELLES ASSURANCES
Largest movements
- Intangible fixed assets -€42,000
down €42,000 (-100.0%), from €42,000 to €0
- Tangible fixed assets -€28,787
down €28,787 (-10.0%), from €287,110 to €258,323
of which Furniture and vehicles: -€18,141
- Cash -€16,050
down €16,050 (-18.7%), from €86,050 to €70,000
mainly Debts after one year (-€67,677) and Other debts (-€22,303)
- Debts after one year -€67,677
down €67,677 (-41.3%), from €163,899 to €96,222
- Other debts -€22,303
down €22,303 (-38.5%), from €57,877 to €35,573
- Profit (loss) carried forward +€20,693
up €20,693 (+16,172%), from €128 to €20,821
- Current portion of long-term debt -€7,888
down €7,888 (-10.1%), from €77,886 to €69,998
- Tax, wage and social debts -€6,866
down €6,866 (-14.4%), from €47,655 to €40,789
of which Taxes: -€7,779
- Staff costs +€19,063
up €19,063 (+9.6%), from €198,819 to €217,882
- Gross operating margin +€14,904
up €14,904 (+4.4%), from €341,744 to €356,648
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.
Derived cash bridge
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 | €420,803 | €336,895 | -€83,908 | -19.9% |
| Fixed assets | 21/28 | €329,110 | €260,323 | -€68,787 | -20.9% |
| Intangible fixed assets | 21 | €42,000 | €0 | -€42,000 | -100.0% |
| Tangible fixed assets | 22/27 | €287,110 | €258,323 | -€28,787 | -10.0% |
| Land and buildings | 22 | €228,444 | €218,056 | -€10,388 | -4.5% |
| Plant, machinery and equipment | 23 | €258 | - | -€258 | |
| Furniture and vehicles | 24 | €58,408 | €40,267 | -€18,141 | -31.1% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €91,693 | €76,572 | -€15,121 | -16.5% |
| Amounts receivable within one year | 40/41 | €671 | €1,843 | +€1,172 | +175% |
| Other amounts receivable | 41 | €671 | €1,843 | +€1,172 | +175% |
| Cash at bank and in hand | 54/58 | €86,050 | €70,000 | -€16,050 | -18.7% |
| Deferred charges and accrued income | 490/1 | €4,972 | €4,729 | -€243 | -4.9% |
| Total equity and liabilities | 10/49 | €420,803 | €336,895 | -€83,908 | -19.9% |
| Equity | 10/15 | €55,957 | €76,650 | +€20,693 | +37.0% |
| Contributions | 10/11 | €6,445 | €6,445 | = | 0.0% |
| Reserves | 13 | €49,384 | €49,384 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,884 | €1,884 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,884 | €1,884 | = | 0.0% |
| Distributable reserves | 133 | €47,500 | €47,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128 | €20,821 | +€20,693 | +16,172% |
| Amounts payable | 17/49 | €364,846 | €260,245 | -€104,601 | -28.7% |
| Amounts payable after more than one year | 17 | €163,899 | €96,222 | -€67,677 | -41.3% |
| Financial debts | 170/4 | €163,899 | €96,222 | -€67,677 | -41.3% |
| Amounts payable within one year | 42/48 | €198,547 | €163,323 | -€35,224 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €77,886 | €69,998 | -€7,888 | -10.1% |
| Trade debts | 44 | €15,129 | €16,962 | +€1,833 | +12.1% |
| Suppliers | 440/4 | €15,129 | €16,962 | +€1,833 | +12.1% |
| Taxes, remuneration and social security | 45 | €47,655 | €40,789 | -€6,866 | -14.4% |
| Taxes | 450/3 | €11,837 | €4,058 | -€7,779 | -65.7% |
| Remuneration and social security | 454/9 | €35,817 | €36,731 | +€914 | +2.6% |
| Other amounts payable | 47/48 | €57,877 | €35,573 | -€22,303 | -38.5% |
| Accrued charges and deferred income | 492/3 | €2,400 | €700 | -€1,700 | -70.8% |
| Remuneration, social security and pensions | 62 | €198,819 | €217,882 | +€19,063 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,063 | €72,654 | -€409 | -0.6% |
| Other operating charges | 640/8 | €4,859 | €3,219 | -€1,640 | -33.8% |
| Gross operating margin | 9900 | €341,744 | €356,648 | +€14,904 | +4.4% |
| Operating profit (loss) | 9901 | €65,003 | €62,893 | -€2,110 | -3.2% |
| Financial income | 75/76B | €18 | €400 | +€382 | +2,155% |
| Recurring financial income | 75 | €18 | €400 | +€382 | +2,155% |
| Financial charges | 65/66B | €6,785 | €5,698 | -€1,087 | -16.0% |
| Recurring financial charges | 65 | €6,344 | €5,698 | -€646 | -10.2% |
| Non-recurring financial charges | 66B | €441 | - | -€441 | |
| Profit (loss) for the period before taxes | 9903 | €58,236 | €57,595 | -€641 | -1.1% |
| Income taxes | 67/77 | €11,837 | €15,176 | +€3,339 | +28.2% |
| Profit (loss) for the period | 9904 | €46,398 | €42,419 | -€3,980 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,398 | €42,419 | -€3,980 | -8.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.