NIVEMA: 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.
What changed
NIVEMA
NACE 43.910, Bricklaying and masonry work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€38,389
2024 · -€16,842-€21,547
Equity
€159,587
2024 · €188,526-€28,938
Cash
€6,100
2024 · €2,861+€3,239
Balance sheet total
€1.6m
2024 · €1.6m-€17,677
Largest movements
Assets
- Tangible fixed assets -€28,769
down €28,769 (-1.9%), from €1.5m to €1.5m
of which Plant, machinery and equipment: -€61,902
Equity and liabilities
- Debts after one year -€80,957
down €80,957 (-7.7%), from €1.1m to €974,473
- Other debts +€44,311
up €44,311 (+48.7%), from €90,931 to €135,242
- Profit (loss) carried forward -€38,389
new in 2025: -€38,389
- Trade debts +€36,396
up €36,396 (+52.0%), from €70,030 to €106,426
Income statement
- Depreciation +€12,411
up €12,411 (+8.4%), from €146,940 to €159,350
- Financial charges +€10,904
up €10,904 (+25.3%), from €43,179 to €54,083
- Other operating charges +€10,359
up €10,359 (+494.3%), from €2,096 to €12,455
- Gross operating margin +€10,206
up €10,206 (+5.8%), from €177,247 to €187,453
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.
Result 2024
-€16,842
Gross operating margin
+€10,206
Depreciation
-€12,411
Other operating charges
-€10,359
Other operating items
+€1,906
Financial income
+€13
Financial charges
-€10,904
Taxes
+€1
Result 2025
-€38,389
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.
From operations
+€193,531
Investment
-€132,121
Financing
-€58,171
Cash 2024
€2,861
From operations (derived)
+€193,531
Net result for the year
-€38,389
Depreciation
+€159,350
Receivables within one year
+€1,662
Deferred charges and accrued income
-€7,975
Trade debts
+€36,396
Tax, wage and social debts
-€1,824
Other debts
+€44,311
Investment (derived)
-€132,121
Investment in fixed assets (net)
-€132,121
Financing
-€58,171
Debts after one year
-€80,957
Current portion of long-term debt
+€12,111
Short-term financial debts
+€1,224
Contributions, distributions and other
+€9,451
Cash 2025
€6,100
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,594,959 | €1,577,282 | -€17,677 | -1.1% |
| Fixed assets | 21/28 | €1,535,200 | €1,507,970 | -€27,229 | -1.8% |
| Tangible fixed assets | 22/27 | €1,535,200 | €1,506,430 | -€28,769 | -1.9% |
| Land and buildings | 22 | €985,362 | €1,014,145 | +€28,783 | +2.9% |
| Plant, machinery and equipment | 23 | €409,432 | €347,530 | -€61,902 | -15.1% |
| Furniture and vehicles | 24 | €140,406 | €144,756 | +€4,350 | +3.1% |
| Financial fixed assets | 28 | - | €1,540 | +€1,540 | |
| Current assets | 29/58 | €59,760 | €69,311 | +€9,552 | +16.0% |
| Amounts receivable within one year | 40/41 | €56,898 | €55,237 | -€1,662 | -2.9% |
| Trade receivables | 40 | €32,361 | €27,903 | -€4,458 | -13.8% |
| Other amounts receivable | 41 | €24,537 | €27,334 | +€2,796 | +11.4% |
| Cash at bank and in hand | 54/58 | €2,861 | €6,100 | +€3,239 | +113.2% |
| Deferred charges and accrued income | 490/1 | - | €7,975 | +€7,975 | |
| Total equity and liabilities | 10/49 | €1,594,959 | €1,577,282 | -€17,677 | -1.1% |
| Equity | 10/15 | €188,526 | €159,587 | -€28,938 | -15.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €180,526 | €189,977 | +€9,451 | +5.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €178,666 | €188,117 | +€9,451 | +5.3% |
| Profit (loss) carried forward | 14 | - | -€38,389 | -€38,389 | |
| Amounts payable | 17/49 | €1,406,434 | €1,417,694 | +€11,261 | +0.8% |
| Amounts payable after more than one year | 17 | €1,055,431 | €974,473 | -€80,957 | -7.7% |
| Financial debts | 170/4 | €1,055,431 | €974,473 | -€80,957 | -7.7% |
| Amounts payable within one year | 42/48 | €346,003 | €438,221 | +€92,218 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €113,920 | €126,031 | +€12,111 | +10.6% |
| Financial debts | 43 | €63,063 | €64,288 | +€1,224 | +1.9% |
| Credit institutions | 430/8 | €63,063 | €4,288 | -€58,776 | -93.2% |
| Other loans | 439 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €70,030 | €106,426 | +€36,396 | +52.0% |
| Suppliers | 440/4 | €70,030 | €106,426 | +€36,396 | +52.0% |
| Taxes, remuneration and social security | 45 | €8,059 | €6,235 | -€1,824 | -22.6% |
| Taxes | 450/3 | €8,059 | €6,235 | -€1,824 | -22.6% |
| Other amounts payable | 47/48 | €90,931 | €135,242 | +€44,311 | +48.7% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,000 | = | 0.0% |
| Non-recurring operating income | 76A | €4,842 | €0 | -€4,842 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,940 | €159,350 | +€12,411 | +8.4% |
| Other operating charges | 640/8 | €2,096 | €12,455 | +€10,359 | +494.3% |
| Non-recurring operating charges | 66A | €1,906 | €0 | -€1,906 | -100.0% |
| Gross operating margin | 9900 | €177,247 | €187,453 | +€10,206 | +5.8% |
| Operating profit (loss) | 9901 | €26,305 | €15,648 | -€10,657 | -40.5% |
| Financial income | 75/76B | €33 | €46 | +€13 | +40.5% |
| Recurring financial income | 75 | €33 | €46 | +€13 | +40.5% |
| Financial charges | 65/66B | €43,179 | €54,083 | +€10,904 | +25.3% |
| Recurring financial charges | 65 | €43,179 | €54,083 | +€10,904 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,842 | -€38,389 | -€21,548 | -127.9% |
| Income taxes | 67/77 | €1 | €0 | -€1 | -100.0% |
| Profit (loss) for the period | 9904 | -€16,842 | -€38,389 | -€21,547 | -127.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,842 | -€38,389 | -€21,547 | -127.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.