NIVH: 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.
NIVH
Largest movements
- Cash -€69,387
down €69,387 (-51.8%), from €134,051 to €64,664
mainly Contributions, distributions and other (-€247,000) and Deferred charges and accrued income (-€44,423)
- Deferred charges and accrued income +€44,423
up €44,423 (+17199.0%), from €258 to €44,681
- Receivables within one year -€35,691
down €35,691 (-57.9%), from €61,603 to €25,912
- Current investments -€15,000
down €15,000 (-20.5%), from €73,176 to €58,176
- Tangible fixed assets +€8,056
up €8,056 (+67.6%), from €11,926 to €19,982
of which Furniture and vehicles: +€8,209
- Profit (loss) carried forward -€97,362
down €97,362 (-39.4%), from €247,410 to €150,048
- Tax, wage and social debts +€51,962
up €51,962 (+1198.4%), from €4,336 to €56,298
of which Taxes: +€51,260
- Accrued charges and deferred income -€11,398
no longer reported in 2025 (was €11,398)
- Trade debts -€10,802
down €10,802 (-91.0%), from €11,871 to €1,069
- Gross operating margin +€139,379
up €139,379 (+139.3%), from €100,046 to €239,425
- Taxes +€34,196
up €34,196 (+215.8%), from €15,848 to €50,043
- Staff costs +€7,781
up €7,781 (+41.8%), from €18,618 to €26,400
- Depreciation -€5,003
down €5,003 (-55.7%), from €8,984 to €3,981
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,015 | €213,415 | -€67,599 | -24.1% |
| Fixed assets | 21/28 | €11,926 | €19,982 | +€8,056 | +67.6% |
| Tangible fixed assets | 22/27 | €11,926 | €19,982 | +€8,056 | +67.6% |
| Plant, machinery and equipment | 23 | €625 | €472 | -€153 | -24.5% |
| Furniture and vehicles | 24 | €11,301 | €19,511 | +€8,209 | +72.6% |
| Current assets | 29/58 | €269,089 | €193,433 | -€75,656 | -28.1% |
| Amounts receivable within one year | 40/41 | €61,603 | €25,912 | -€35,691 | -57.9% |
| Other amounts receivable | 41 | €61,603 | €25,912 | -€35,691 | -57.9% |
| Current investments | 50/53 | €73,176 | €58,176 | -€15,000 | -20.5% |
| Cash at bank and in hand | 54/58 | €134,051 | €64,664 | -€69,387 | -51.8% |
| Deferred charges and accrued income | 490/1 | €258 | €44,681 | +€44,423 | +17199.0% |
| Total equity and liabilities | 10/49 | €281,015 | €213,415 | -€67,599 | -24.1% |
| Equity | 10/15 | €253,410 | €156,048 | -€97,362 | -38.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €247,410 | €150,048 | -€97,362 | -39.4% |
| Amounts payable | 17/49 | €27,604 | €57,367 | +€29,763 | +107.8% |
| Amounts payable within one year | 42/48 | €16,207 | €57,367 | +€41,161 | +254.0% |
| Trade debts | 44 | €11,871 | €1,069 | -€10,802 | -91.0% |
| Suppliers | 440/4 | €11,871 | €1,069 | -€10,802 | -91.0% |
| Taxes, remuneration and social security | 45 | €4,336 | €56,298 | +€51,962 | +1198.4% |
| Taxes | 450/3 | €1,492 | €52,751 | +€51,260 | +3436.6% |
| Remuneration and social security | 454/9 | €2,844 | €3,547 | +€702 | +24.7% |
| Accrued charges and deferred income | 492/3 | €11,398 | - | -€11,398 | |
| Non-recurring operating income | 76A | €136 | - | -€136 | |
| Remuneration, social security and pensions | 62 | €18,618 | €26,400 | +€7,781 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,984 | €3,981 | -€5,003 | -55.7% |
| Other operating charges | 640/8 | €1,010 | €1,112 | +€102 | +10.1% |
| Non-recurring operating charges | 66A | - | €8,453 | +€8,453 | |
| Gross operating margin | 9900 | €100,046 | €239,425 | +€139,379 | +139.3% |
| Operating profit (loss) | 9901 | €71,434 | €199,479 | +€128,045 | +179.2% |
| Financial income | 75/76B | - | €386 | +€386 | |
| Recurring financial income | 75 | - | €386 | +€386 | |
| Financial charges | 65/66B | €1,297 | €184 | -€1,114 | -85.8% |
| Recurring financial charges | 65 | €1,297 | €184 | -€1,114 | -85.8% |
| Profit (loss) for the period before taxes | 9903 | €70,137 | €199,681 | +€129,545 | +184.7% |
| Income taxes | 67/77 | €15,848 | €50,043 | +€34,196 | +215.8% |
| Profit (loss) for the period | 9904 | €54,289 | €149,638 | +€95,349 | +175.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,289 | €149,638 | +€95,349 | +175.6% |
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 9 October 2026 via checked.be.