NIVICO: 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.
NIVICO
Largest movements
- Cash -€4,953
down €4,953 (-66.1%), from €7,499 to €2,545
mainly Receivables within one year (-€4,877) and Trade debts (-€3,546)
- Receivables within one year +€4,877
up €4,877 (+44.4%), from €10,984 to €15,861
of which Trade receivables: +€4,867
- Deferred charges and accrued income -€904
no longer reported in 2025 (was €904)
- Tangible fixed assets -€328
no longer reported in 2025 (was €328)
- Trade debts -€3,546
down €3,546 (-62.9%), from €5,637 to €2,090
- Profit (loss) carried forward +€3,298
up €3,298 (+8.3%), from -€39,645 to -€36,347
- Tax, wage and social debts -€1,060
down €1,060 (-19.6%), from €5,411 to €4,351
of which Taxes: -€2,081
- Other operating charges +€1,271
up €1,271 (+223.4%), from €569 to €1,841
- Write-downs -€1,037
new in 2025: -€1,037
- Financial income +€907
up €907 (+1814960.0%), from €0 to €908
of which Non-recurring financial income: +€908
- Gross operating margin +€725
up €725 (+23.1%), from €3,143 to €3,868
- Depreciation -€251
down €251 (-43.3%), from €578 to €328
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 | €19,714 | €18,406 | -€1,308 | -6.6% |
| Fixed assets | 21/28 | €328 | - | -€328 | |
| Tangible fixed assets | 22/27 | €328 | - | -€328 | |
| Furniture and vehicles | 24 | €328 | - | -€328 | |
| Current assets | 29/58 | €19,386 | €18,406 | -€980 | -5.1% |
| Amounts receivable within one year | 40/41 | €10,984 | €15,861 | +€4,877 | +44.4% |
| Trade receivables | 40 | €10,984 | €15,851 | +€4,867 | +44.3% |
| Other amounts receivable | 41 | - | €10 | +€10 | |
| Cash at bank and in hand | 54/58 | €7,499 | €2,545 | -€4,953 | -66.1% |
| Deferred charges and accrued income | 490/1 | €904 | - | -€904 | |
| Total equity and liabilities | 10/49 | €19,714 | €18,406 | -€1,308 | -6.6% |
| Equity | 10/15 | €4,966 | €8,264 | +€3,298 | +66.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €34,611 | €34,611 | = | 0.0% |
| Distributable reserves | 133 | €34,611 | €34,611 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,645 | -€36,347 | +€3,298 | +8.3% |
| Amounts payable | 17/49 | €14,748 | €10,142 | -€4,606 | -31.2% |
| Amounts payable within one year | 42/48 | €14,048 | €9,442 | -€4,606 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €3,000 | = | 0.0% |
| Trade debts | 44 | €5,637 | €2,090 | -€3,546 | -62.9% |
| Suppliers | 440/4 | €5,637 | €2,090 | -€3,546 | -62.9% |
| Taxes, remuneration and social security | 45 | €5,411 | €4,351 | -€1,060 | -19.6% |
| Taxes | 450/3 | €5,411 | €3,330 | -€2,081 | -38.5% |
| Remuneration and social security | 454/9 | - | €1,022 | +€1,022 | |
| Accrued charges and deferred income | 492/3 | €700 | €700 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578 | €328 | -€251 | -43.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,037 | -€1,037 | |
| Other operating charges | 640/8 | €569 | €1,841 | +€1,271 | +223.4% |
| Gross operating margin | 9900 | €3,143 | €3,868 | +€725 | +23.1% |
| Operating profit (loss) | 9901 | €1,995 | €2,737 | +€741 | +37.2% |
| Financial income | 75/76B | €0 | €908 | +€907 | +1814960.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -40.0% |
| Non-recurring financial income | 76B | - | €908 | +€908 | |
| Financial charges | 65/66B | €160 | €210 | +€50 | +31.5% |
| Recurring financial charges | 65 | €160 | €210 | +€50 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €1,836 | €3,434 | +€1,599 | +87.1% |
| Income taxes | 67/77 | €220 | €136 | -€84 | -38.2% |
| Profit (loss) for the period | 9904 | €1,615 | €3,298 | +€1,683 | +104.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,615 | €3,298 | +€1,683 | +104.2% |
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 12 October 2026 via checked.be.