NIVIMATS: 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.
NIVIMATS
Largest movements
- Receivables within one year -€30,679
down €30,679 (-46.9%), from €65,438 to €34,760
- Cash -€5,504
down €5,504 (-5.4%), from €102,607 to €97,103
mainly Contributions, distributions and other (-€49,787) and Tax, wage and social debts (-€33,385)
- Tangible fixed assets +€3,605
up €3,605 (+199%), from €1,812 to €5,417
of which Other tangible fixed assets: +€4,357
- Tax, wage and social debts -€33,385
down €33,385 (-79.3%), from €42,074 to €8,690
of which Taxes: -€33,385
- Gross operating margin -€2,589
down €2,589 (-3.8%), from €68,346 to €65,757
- Financial charges -€1,112
down €1,112 (-94.0%), from €1,182 to €70
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.
Derived cash bridge
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 | €178,259 | €144,005 | -€34,254 | -19.2% |
| Fixed assets | 21/28 | €4,684 | €8,289 | +€3,605 | +77.0% |
| Tangible fixed assets | 22/27 | €1,812 | €5,417 | +€3,605 | +199% |
| Plant, machinery and equipment | 23 | €1,812 | €1,060 | -€752 | -41.5% |
| Other tangible fixed assets | 26 | - | €4,357 | +€4,357 | |
| Financial fixed assets | 28 | €2,872 | €2,872 | = | 0.0% |
| Current assets | 29/58 | €173,575 | €135,716 | -€37,859 | -21.8% |
| Amounts receivable within one year | 40/41 | €65,438 | €34,760 | -€30,679 | -46.9% |
| Trade receivables | 40 | €65,438 | €34,760 | -€30,679 | -46.9% |
| Cash at bank and in hand | 54/58 | €102,607 | €97,103 | -€5,504 | -5.4% |
| Deferred charges and accrued income | 490/1 | €5,530 | €3,853 | -€1,677 | -30.3% |
| Total equity and liabilities | 10/49 | €178,259 | €144,005 | -€34,254 | -19.2% |
| Equity | 10/15 | €82,779 | €82,779 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €80,779 | €80,779 | = | 0.0% |
| Distributable reserves | 133 | €80,779 | €80,779 | = | 0.0% |
| Amounts payable | 17/49 | €95,481 | €61,227 | -€34,254 | -35.9% |
| Amounts payable within one year | 42/48 | €95,381 | €61,227 | -€34,154 | -35.8% |
| Trade debts | 44 | €2,214 | €2,614 | +€400 | +18.0% |
| Suppliers | 440/4 | €2,214 | €2,614 | +€400 | +18.0% |
| Taxes, remuneration and social security | 45 | €42,074 | €8,690 | -€33,385 | -79.3% |
| Taxes | 450/3 | €39,974 | €6,590 | -€33,385 | -83.5% |
| Remuneration and social security | 454/9 | €2,100 | €2,100 | = | 0.0% |
| Other amounts payable | 47/48 | €51,092 | €49,923 | -€1,169 | -2.3% |
| Accrued charges and deferred income | 492/3 | €100 | - | -€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,277 | €1,365 | +€88 | +6.9% |
| Other operating charges | 640/8 | €783 | €853 | +€70 | +8.9% |
| Gross operating margin | 9900 | €68,346 | €65,757 | -€2,589 | -3.8% |
| Operating profit (loss) | 9901 | €66,286 | €63,539 | -€2,747 | -4.1% |
| Financial income | 75/76B | €0 | €45 | +€45 | +450,000% |
| Recurring financial income | 75 | €0 | €45 | +€45 | +450,000% |
| Financial charges | 65/66B | €1,182 | €70 | -€1,112 | -94.0% |
| Recurring financial charges | 65 | €1,182 | €70 | -€1,112 | -94.0% |
| Profit (loss) for the period before taxes | 9903 | €65,104 | €63,514 | -€1,590 | -2.4% |
| Income taxes | 67/77 | €14,012 | €13,727 | -€285 | -2.0% |
| Profit (loss) for the period | 9904 | €51,092 | €49,787 | -€1,305 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,092 | €49,787 | -€1,305 | -2.6% |
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 23 October 2026 via checked.be.