NIVI: 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.
NIVI
Largest movements
- Receivables within one year +€1,896
up €1,896 (+98.9%), from €1,917 to €3,813
of which Trade receivables: +€2,444
- Cash -€1,482
down €1,482 (-4.4%), from €33,440 to €31,958
mainly Receivables within one year (-€1,896) and Trade debts (-€1,850)
- Trade debts -€1,850
down €1,850 (-81.5%), from €2,270 to €420
- Profit (loss) carried forward +€1,647
up €1,647 (+7.9%), from €20,881 to €22,528
- Tax, wage and social debts +€663
up €663 (+2092.1%), from €32 to €695
- Gross operating margin +€1,842
up €1,842 (+183.2%), from €1,005 to €2,847
- Depreciation -€917
no longer reported in 2025 (was €917)
- Other operating charges +€762
up €762 (+222.6%), from €342 to €1,105
- Financial income +€436
new in 2025: €436
- Taxes +€259
up €259 (+118.1%), from €220 to €479
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 | €36,185 | €36,645 | +€460 | +1.3% |
| Fixed assets | 21/28 | €25 | €25 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €36,160 | €36,620 | +€460 | +1.3% |
| Amounts receivable within one year | 40/41 | €1,917 | €3,813 | +€1,896 | +98.9% |
| Trade receivables | 40 | - | €2,444 | +€2,444 | |
| Other amounts receivable | 41 | €1,917 | €1,369 | -€548 | -28.6% |
| Cash at bank and in hand | 54/58 | €33,440 | €31,958 | -€1,482 | -4.4% |
| Deferred charges and accrued income | 490/1 | €803 | €849 | +€46 | +5.7% |
| Total equity and liabilities | 10/49 | €36,185 | €36,645 | +€460 | +1.3% |
| Equity | 10/15 | €33,884 | €35,531 | +€1,647 | +4.9% |
| Contributions | 10/11 | €2 | €2 | = | 0.0% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | €0 | = | 0.0% |
| Distributable reserves | 133 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,881 | €22,528 | +€1,647 | +7.9% |
| Amounts payable | 17/49 | €2,302 | €1,115 | -€1,187 | -51.6% |
| Amounts payable within one year | 42/48 | €2,302 | €1,115 | -€1,187 | -51.6% |
| Trade debts | 44 | €2,270 | €420 | -€1,850 | -81.5% |
| Suppliers | 440/4 | €2,270 | €420 | -€1,850 | -81.5% |
| Taxes, remuneration and social security | 45 | €32 | €695 | +€663 | +2092.1% |
| Taxes | 450/3 | €32 | €695 | +€663 | +2092.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €917 | - | -€917 | |
| Other operating charges | 640/8 | €342 | €1,105 | +€762 | +222.6% |
| Gross operating margin | 9900 | €1,005 | €2,847 | +€1,842 | +183.2% |
| Operating profit (loss) | 9901 | -€254 | €1,743 | +€1,997 | |
| Financial income | 75/76B | - | €436 | +€436 | |
| Recurring financial income | 75 | - | €436 | +€436 | |
| Financial charges | 65/66B | €71 | €52 | -€19 | -26.2% |
| Recurring financial charges | 65 | €71 | €52 | -€19 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€325 | €2,126 | +€2,451 | |
| Income taxes | 67/77 | €220 | €479 | +€259 | +118.1% |
| Profit (loss) for the period | 9904 | -€544 | €1,647 | +€2,191 | |
| Profit (loss) for the period to be appropriated | 9905 | -€544 | €1,647 | +€2,191 |
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 4 October 2026 via checked.be.