NIVENCO: 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.
NIVENCO
Largest movements
- Cash +€53,159
up €53,159 (+110%), from €48,180 to €101,339
mainly Net result for the year (+€28,640) and Tax, wage and social debts (+€15,903)
- Current investments -€14,559
down €14,559 (-4.7%), from €307,562 to €293,002
- Receivables within one year -€9,606
down €9,606 (-31.4%), from €30,633 to €21,027
of which Trade receivables: -€10,088
- Tangible fixed assets -€4,620
down €4,620 (-10.7%), from €43,202 to €38,583
of which Other tangible fixed assets: -€2,711
- Reserves +€28,640
up €28,640 (+7.4%), from €386,460 to €415,100
- Tax, wage and social debts +€15,903
up €15,903 (+687%), from €2,314 to €18,217
- Other debts -€11,319
down €11,319 (-83.2%), from €13,600 to €2,282
- Trade debts -€7,157
down €7,157 (-83.1%), from €8,611 to €1,454
- Gross operating margin -€1,524
down €1,524 (-3.1%), from €48,510 to €46,986
- Financial income +€1,459
up €1,459 (+56.4%), from €2,586 to €4,046
- Depreciation +€1,148
up €1,148 (+23.2%), from €4,959 to €6,107
- Financial charges -€669
down €669 (-62.2%), from €1,076 to €406
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €429,577 | €455,645 | +€26,067 | +6.1% |
| Fixed assets | 21/28 | €43,202 | €38,583 | -€4,620 | -10.7% |
| Tangible fixed assets | 22/27 | €43,202 | €38,583 | -€4,620 | -10.7% |
| Plant, machinery and equipment | 23 | €2,253 | €1,497 | -€756 | -33.5% |
| Furniture and vehicles | 24 | €3,001 | €1,848 | -€1,153 | -38.4% |
| Other tangible fixed assets | 26 | €37,948 | €35,237 | -€2,711 | -7.1% |
| Current assets | 29/58 | €386,375 | €417,062 | +€30,687 | +7.9% |
| Amounts receivable within one year | 40/41 | €30,633 | €21,027 | -€9,606 | -31.4% |
| Trade receivables | 40 | €30,633 | €20,545 | -€10,088 | -32.9% |
| Other amounts receivable | 41 | €0 | €483 | +€483 | |
| Current investments | 50/53 | €307,562 | €293,002 | -€14,559 | -4.7% |
| Cash at bank and in hand | 54/58 | €48,180 | €101,339 | +€53,159 | +110% |
| Deferred charges and accrued income | 490/1 | - | €1,693 | +€1,693 | |
| Total equity and liabilities | 10/49 | €429,577 | €455,645 | +€26,067 | +6.1% |
| Equity | 10/15 | €405,052 | €433,692 | +€28,640 | +7.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €386,460 | €415,100 | +€28,640 | +7.4% |
| Distributable reserves | 133 | €386,460 | €415,100 | +€28,640 | +7.4% |
| Amounts payable | 17/49 | €24,525 | €21,952 | -€2,573 | -10.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €24,525 | €21,952 | -€2,573 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €8,611 | €1,454 | -€7,157 | -83.1% |
| Suppliers | 440/4 | €8,611 | €1,454 | -€7,157 | -83.1% |
| Taxes, remuneration and social security | 45 | €2,314 | €18,217 | +€15,903 | +687% |
| Taxes | 450/3 | €2,314 | €18,217 | +€15,903 | +687% |
| Other amounts payable | 47/48 | €13,600 | €2,282 | -€11,319 | -83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,959 | €6,107 | +€1,148 | +23.2% |
| Other operating charges | 640/8 | €539 | €787 | +€248 | +46.0% |
| Gross operating margin | 9900 | €48,510 | €46,986 | -€1,524 | -3.1% |
| Operating profit (loss) | 9901 | €43,012 | €40,092 | -€2,920 | -6.8% |
| Financial income | 75/76B | €2,586 | €4,046 | +€1,459 | +56.4% |
| Recurring financial income | 75 | €2,586 | €4,046 | +€1,459 | +56.4% |
| Financial charges | 65/66B | €1,076 | €406 | -€669 | -62.2% |
| Recurring financial charges | 65 | €1,076 | €406 | -€669 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | €44,523 | €43,731 | -€792 | -1.8% |
| Income taxes | 67/77 | €14,655 | €15,092 | +€436 | +3.0% |
| Profit (loss) for the period | 9904 | €29,868 | €28,640 | -€1,228 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,868 | €28,640 | -€1,228 | -4.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.