NIVIC: 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.
NIVIC
Largest movements
- Cash +€19,921
up €19,921 (+201.6%), from €9,881 to €29,802
mainly Debts after one year (+€150,981) and Depreciation (+€65,406)
- Receivables within one year -€19,367
down €19,367 (-89.2%), from €21,723 to €2,356
of which Other amounts receivable: -€21,225
- Tangible fixed assets -€12,783
down €12,783 (-2.4%), from €523,759 to €510,976
- Debts after one year +€150,981
up €150,981 (+44.7%), from €338,038 to €489,019
of which Other amounts payable: +€320,000
- Profit (loss) carried forward -€133,801
down €133,801 (-43.7%), from -€306,096 to -€439,897
- Other debts -€15,182
down €15,182 (-3.9%), from €386,854 to €371,672
- Accrued charges and deferred income -€9,269
down €9,269 (-100.0%), from €9,269 to €0
- Taxes +€91,609
new in 2025: €91,609
- Gross operating margin -€35,020
down €35,020 (-59.4%), from €58,928 to €23,909
- Depreciation -€18,654
down €18,654 (-22.2%), from €84,060 to €65,406
- Other operating charges -€4,568
down €4,568 (-96.1%), from €4,754 to €186
- Financial charges -€623
down €623 (-55.1%), from €1,132 to €509
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 | €557,226 | €544,883 | -€12,343 | -2.2% |
| Fixed assets | 21/28 | €523,759 | €510,976 | -€12,783 | -2.4% |
| Tangible fixed assets | 22/27 | €523,759 | €510,976 | -€12,783 | -2.4% |
| Land and buildings | 22 | €494,202 | €491,459 | -€2,743 | -0.6% |
| Plant, machinery and equipment | 23 | €13,343 | €8,030 | -€5,313 | -39.8% |
| Furniture and vehicles | 24 | €16,213 | €11,486 | -€4,726 | -29.2% |
| Current assets | 29/58 | €33,468 | €33,907 | +€440 | +1.3% |
| Amounts receivable within one year | 40/41 | €21,723 | €2,356 | -€19,367 | -89.2% |
| Trade receivables | 40 | €497 | €2,356 | +€1,859 | +373.8% |
| Other amounts receivable | 41 | €21,225 | €0 | -€21,225 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,881 | €29,802 | +€19,921 | +201.6% |
| Deferred charges and accrued income | 490/1 | €1,864 | €1,750 | -€115 | -6.2% |
| Total equity and liabilities | 10/49 | €557,226 | €544,883 | -€12,343 | -2.2% |
| Equity | 10/15 | -€182,149 | -€315,950 | -€133,801 | -73.5% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€306,096 | -€439,897 | -€133,801 | -43.7% |
| Amounts payable | 17/49 | €739,375 | €860,833 | +€121,458 | +16.4% |
| Amounts payable after more than one year | 17 | €338,038 | €489,019 | +€150,981 | +44.7% |
| Financial debts | 170/4 | €338,038 | €169,019 | -€169,019 | -50.0% |
| Other amounts payable | 178/9 | - | €320,000 | +€320,000 | |
| Amounts payable within one year | 42/48 | €392,069 | €371,814 | -€20,255 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,215 | €142 | -€5,073 | -97.3% |
| Suppliers | 440/4 | €5,215 | €142 | -€5,073 | -97.3% |
| Other amounts payable | 47/48 | €386,854 | €371,672 | -€15,182 | -3.9% |
| Accrued charges and deferred income | 492/3 | €9,269 | €0 | -€9,269 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,060 | €65,406 | -€18,654 | -22.2% |
| Other operating charges | 640/8 | €4,754 | €186 | -€4,568 | -96.1% |
| Gross operating margin | 9900 | €58,928 | €23,909 | -€35,020 | -59.4% |
| Operating profit (loss) | 9901 | -€29,886 | -€41,683 | -€11,797 | -39.5% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €1,132 | €509 | -€623 | -55.1% |
| Recurring financial charges | 65 | €1,132 | €509 | -€623 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,017 | -€42,192 | -€11,176 | -36.0% |
| Income taxes | 67/77 | - | €91,609 | +€91,609 | |
| Profit (loss) for the period | 9904 | -€31,017 | -€133,801 | -€102,784 | -331.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,017 | -€133,801 | -€102,784 | -331.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.