NIVELLES IMMO: 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 IMMO
Largest movements
- Receivables within one year +€53,272
up €53,272 (+772%), from €6,904 to €60,177
of which Trade receivables: +€53,094
- Cash +€20,482
up €20,482 (+165%), from €12,417 to €32,900
mainly Trade debts (+€72,184) and Net result for the year (+€72,050)
- Debts after one year -€74,342
down €74,342 (-16.8%), from €441,673 to €367,331
- Trade debts +€72,184
up €72,184 (+17,205%), from €420 to €72,604
- Reserves +€72,050
up €72,050 (+26.9%), from €267,546 to €339,595
- Tax, wage and social debts +€22,966
up €22,966 (+96.7%), from €23,759 to €46,724
of which Taxes: +€22,314
- Other debts -€18,243
down €18,243 (-4.6%), from €395,577 to €377,333
- Gross operating margin -€124,853
down €124,853 (-51.0%), from €244,726 to €119,874
- Turnover -€104,501
down €104,501 (-33.3%), from €313,580 to €209,079
- Taxes -€36,842
down €36,842 (-49.3%), from €74,712 to €37,870
- Purchases and services +€19,109
up €19,109 (+26.2%), from €72,887 to €91,995
- Depreciation -€3,700
down €3,700 (-48.8%), from €7,579 to €3,879
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 | €1,354,988 | €1,433,017 | +€78,030 | +5.8% |
| Fixed assets | 21/28 | €1,332,935 | €1,332,922 | -€14 | 0.0% |
| Tangible fixed assets | 22/27 | €5,107 | €5,093 | -€14 | -0.3% |
| Furniture and vehicles | 24 | €5,107 | €5,093 | -€14 | -0.3% |
| Financial fixed assets | 28 | €1,327,828 | €1,327,828 | = | 0.0% |
| Current assets | 29/58 | €22,053 | €100,096 | +€78,043 | +354% |
| Amounts receivable within one year | 40/41 | €6,904 | €60,177 | +€53,272 | +772% |
| Trade receivables | 40 | €5,112 | €58,205 | +€53,094 | +1,039% |
| Other amounts receivable | 41 | €1,793 | €1,971 | +€179 | +10.0% |
| Cash at bank and in hand | 54/58 | €12,417 | €32,900 | +€20,482 | +165% |
| Deferred charges and accrued income | 490/1 | €2,731 | €7,019 | +€4,288 | +157% |
| Total equity and liabilities | 10/49 | €1,354,988 | €1,433,017 | +€78,030 | +5.8% |
| Equity | 10/15 | €417,546 | €489,595 | +€72,050 | +17.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €267,546 | €339,595 | +€72,050 | +26.9% |
| Distributable reserves | 133 | €267,546 | €339,595 | +€72,050 | +26.9% |
| Amounts payable | 17/49 | €937,442 | €943,422 | +€5,980 | +0.6% |
| Amounts payable after more than one year | 17 | €441,673 | €367,331 | -€74,342 | -16.8% |
| Financial debts | 170/4 | €441,673 | €367,331 | -€74,342 | -16.8% |
| Amounts payable within one year | 42/48 | €495,769 | €576,056 | +€80,287 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €76,014 | €79,394 | +€3,381 | +4.4% |
| Trade debts | 44 | €420 | €72,604 | +€72,184 | +17,205% |
| Suppliers | 440/4 | €420 | €72,604 | +€72,184 | +17,205% |
| Taxes, remuneration and social security | 45 | €23,759 | €46,724 | +€22,966 | +96.7% |
| Taxes | 450/3 | €15,670 | €37,984 | +€22,314 | +142% |
| Remuneration and social security | 454/9 | €8,089 | €8,740 | +€652 | +8.1% |
| Other amounts payable | 47/48 | €395,577 | €377,333 | -€18,243 | -4.6% |
| Accrued charges and deferred income | 492/3 | - | €35 | +€35 | |
| Turnover | 70 | €313,580 | €209,079 | -€104,501 | -33.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €72,887 | €91,995 | +€19,109 | +26.2% |
| Remuneration, social security and pensions | 62 | €2,061 | €0 | -€2,061 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,579 | €3,879 | -€3,700 | -48.8% |
| Other operating charges | 640/8 | €460 | €1,099 | +€640 | +139% |
| Gross operating margin | 9900 | €244,726 | €119,874 | -€124,853 | -51.0% |
| Operating profit (loss) | 9901 | €234,627 | €114,895 | -€119,732 | -51.0% |
| Financial income | 75/76B | €10 | €61 | +€51 | +513% |
| Recurring financial income | 75 | €10 | €61 | +€51 | +513% |
| Financial charges | 65/66B | €6,964 | €5,036 | -€1,927 | -27.7% |
| Recurring financial charges | 65 | €6,964 | €5,036 | -€1,927 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €227,674 | €109,920 | -€117,754 | -51.7% |
| Income taxes | 67/77 | €74,712 | €37,870 | -€36,842 | -49.3% |
| Profit (loss) for the period | 9904 | €152,961 | €72,050 | -€80,912 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €152,961 | €72,050 | -€80,912 | -52.9% |
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 20 October 2026 via checked.be.