NIVELLES DIS: 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 DIS
Largest movements
- Cash -€24,817
down €24,817 (-9.9%), from €249,844 to €225,027
mainly Contributions, distributions and other (-€79,988) and Investment in fixed assets (net) (-€36,783)
- Tangible fixed assets -€13,632
down €13,632 (-9.8%), from €139,524 to €125,892
of which Plant, machinery and equipment: -€22,817
- Stocks and contracts +€10,446
up €10,446 (+14.7%), from €71,065 to €81,511
- Current portion of long-term debt -€35,608
down €35,608 (-67.2%), from €52,983 to €17,375
- Trade debts +€20,741
up €20,741 (+12.8%), from €162,663 to €183,404
- Debts after one year -€17,375
no longer reported in 2025 (was €17,375)
- Other debts +€10,311
up €10,311 (+14.8%), from €69,677 to €79,988
- Reserves -€7,330
down €7,330 (-17.2%), from €42,618 to €35,288
of which Tax-exempt reserves: -€7,330
- Gross operating margin +€26,366
up €26,366 (+7.9%), from €332,254 to €358,620
- Staff costs -€11,024
down €11,024 (-5.6%), from €196,705 to €185,681
- Taxes +€7,662
up €7,662 (+37.2%), from €20,610 to €28,272
- Financial income -€6,656
down €6,656 (-97.6%), from €6,823 to €167
of which Non-recurring financial income: -€5,000
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 | €484,977 | €456,738 | -€28,239 | -5.8% |
| Fixed assets | 21/28 | €142,700 | €129,068 | -€13,632 | -9.6% |
| Tangible fixed assets | 22/27 | €139,524 | €125,892 | -€13,632 | -9.8% |
| Plant, machinery and equipment | 23 | €63,372 | €40,555 | -€22,817 | -36.0% |
| Furniture and vehicles | 24 | €57,419 | €72,473 | +€15,054 | +26.2% |
| Other tangible fixed assets | 26 | €18,733 | €12,864 | -€5,869 | -31.3% |
| Financial fixed assets | 28 | €3,176 | €3,176 | = | 0.0% |
| Current assets | 29/58 | €342,277 | €327,670 | -€14,607 | -4.3% |
| Stocks and contracts in progress | 3 | €71,065 | €81,511 | +€10,446 | +14.7% |
| Stocks | 30/36 | €71,065 | €81,511 | +€10,446 | +14.7% |
| Amounts receivable within one year | 40/41 | €5,152 | €5,772 | +€620 | +12.0% |
| Trade receivables | 40 | €1,865 | €3,348 | +€1,483 | +79.5% |
| Other amounts receivable | 41 | €3,287 | €2,424 | -€863 | -26.3% |
| Cash at bank and in hand | 54/58 | €249,844 | €225,027 | -€24,817 | -9.9% |
| Deferred charges and accrued income | 490/1 | €16,216 | €15,360 | -€856 | -5.3% |
| Total equity and liabilities | 10/49 | €484,977 | €456,738 | -€28,239 | -5.8% |
| Equity | 10/15 | €111,210 | €103,880 | -€7,330 | -6.6% |
| Contributions | 10/11 | €68,592 | €68,592 | = | 0.0% |
| Capital | 10 | €68,592 | €68,592 | = | 0.0% |
| Issued capital | 100 | €68,592 | €68,592 | = | 0.0% |
| Reserves | 13 | €42,618 | €35,288 | -€7,330 | -17.2% |
| Non-distributable reserves | 130/1 | €2,242 | €2,242 | = | 0.0% |
| Legal reserve | 130 | €2,242 | €2,242 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,376 | €33,046 | -€7,330 | -18.2% |
| Provisions and deferred taxes | 16 | €7,330 | €4,886 | -€2,444 | -33.3% |
| Deferred taxes | 168 | €7,330 | €4,886 | -€2,444 | -33.3% |
| Amounts payable | 17/49 | €366,437 | €347,972 | -€18,465 | -5.0% |
| Amounts payable after more than one year | 17 | €17,375 | - | -€17,375 | |
| Financial debts | 170/4 | €17,375 | - | -€17,375 | |
| Amounts payable within one year | 42/48 | €340,772 | €334,553 | -€6,219 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €52,983 | €17,375 | -€35,608 | -67.2% |
| Trade debts | 44 | €162,663 | €183,404 | +€20,741 | +12.8% |
| Suppliers | 440/4 | €162,663 | €183,404 | +€20,741 | +12.8% |
| Taxes, remuneration and social security | 45 | €55,449 | €53,786 | -€1,663 | -3.0% |
| Taxes | 450/3 | €34,028 | €28,739 | -€5,289 | -15.5% |
| Remuneration and social security | 454/9 | €21,421 | €25,047 | +€3,626 | +16.9% |
| Other amounts payable | 47/48 | €69,677 | €79,988 | +€10,311 | +14.8% |
| Accrued charges and deferred income | 492/3 | €8,290 | €13,419 | +€5,129 | +61.9% |
| Remuneration, social security and pensions | 62 | €196,705 | €185,681 | -€11,024 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,452 | €50,415 | +€963 | +1.9% |
| Other operating charges | 640/8 | €9,370 | €12,408 | +€3,038 | +32.4% |
| Gross operating margin | 9900 | €332,254 | €358,620 | +€26,366 | +7.9% |
| Operating profit (loss) | 9901 | €76,727 | €110,116 | +€33,389 | +43.5% |
| Financial income | 75/76B | €6,823 | €167 | -€6,656 | -97.6% |
| Recurring financial income | 75 | €1,823 | €167 | -€1,656 | -90.8% |
| Non-recurring financial income | 76B | €5,000 | - | -€5,000 | |
| Financial charges | 65/66B | €11,285 | €11,796 | +€511 | +4.5% |
| Recurring financial charges | 65 | €11,285 | €11,796 | +€511 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €72,265 | €98,487 | +€26,222 | +36.3% |
| Transfer from deferred taxes | 780 | €2,443 | €2,443 | = | 0.0% |
| Income taxes | 67/77 | €20,610 | €28,272 | +€7,662 | +37.2% |
| Profit (loss) for the period | 9904 | €54,098 | €72,658 | +€18,560 | +34.3% |
| Transfer from tax-exempt reserves | 789 | €7,329 | €7,330 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,427 | €79,988 | +€18,561 | +30.2% |
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 25 October 2026 via checked.be.