NIVIMMO: 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.
NIVIMMO
Largest movements
- Tangible fixed assets -€56,129
down €56,129 (-5.1%), from €1.1m to €1.0m
of which Land and buildings: -€55,757
- Cash +€13,457
up €13,457 (+12.3%), from €109,070 to €122,527
mainly Depreciation (+€64,792) and Smaller working-capital items (+€9)
- Reserves -€19,220
down €19,220 (-5.3%), from €361,265 to €342,045
of which Tax-exempt reserves: -€19,220
- Gross operating margin +€11,610
up €11,610 (+20.9%), from €55,444 to €67,054
- Financial charges -€3,750
down €3,750 (-10.8%), from €34,636 to €30,886
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 | €1,205,466 | €1,162,945 | -€42,521 | -3.5% |
| Fixed assets | 21/28 | €1,095,571 | €1,039,442 | -€56,129 | -5.1% |
| Tangible fixed assets | 22/27 | €1,095,571 | €1,039,442 | -€56,129 | -5.1% |
| Land and buildings | 22 | €1,094,361 | €1,038,604 | -€55,757 | -5.1% |
| Furniture and vehicles | 24 | €1,211 | €838 | -€373 | -30.8% |
| Current assets | 29/58 | €109,895 | €123,503 | +€13,608 | +12.4% |
| Cash at bank and in hand | 54/58 | €109,070 | €122,527 | +€13,457 | +12.3% |
| Deferred charges and accrued income | 490/1 | €825 | €976 | +€151 | +18.3% |
| Total equity and liabilities | 10/49 | €1,205,466 | €1,162,945 | -€42,521 | -3.5% |
| Equity | 10/15 | €498,250 | €467,566 | -€30,684 | -6.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €361,265 | €342,045 | -€19,220 | -5.3% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €346,265 | €327,045 | -€19,220 | -5.6% |
| Profit (loss) carried forward | 14 | -€13,015 | -€24,480 | -€11,464 | -88.1% |
| Provisions and deferred taxes | 16 | €115,422 | €109,015 | -€6,407 | -5.6% |
| Deferred taxes | 168 | €115,422 | €109,015 | -€6,407 | -5.6% |
| Amounts payable | 17/49 | €591,794 | €586,364 | -€5,430 | -0.9% |
| Amounts payable after more than one year | 17 | €501,797 | €501,797 | = | 0.0% |
| Other amounts payable | 178/9 | €501,797 | €501,797 | = | 0.0% |
| Amounts payable within one year | 42/48 | €63,083 | €61,581 | -€1,502 | -2.4% |
| Trade debts | 44 | €1,079 | €543 | -€536 | -49.6% |
| Suppliers | 440/4 | €1,079 | €543 | -€536 | -49.6% |
| Taxes, remuneration and social security | 45 | €10,377 | €9,250 | -€1,126 | -10.9% |
| Taxes | 450/3 | €10,377 | €9,250 | -€1,126 | -10.9% |
| Other amounts payable | 47/48 | €51,627 | €51,787 | +€160 | +0.3% |
| Accrued charges and deferred income | 492/3 | €26,914 | €22,986 | -€3,928 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,216 | €64,792 | +€576 | +0.9% |
| Other operating charges | 640/8 | €8,209 | €8,467 | +€258 | +3.1% |
| Gross operating margin | 9900 | €55,444 | €67,054 | +€11,610 | +20.9% |
| Operating profit (loss) | 9901 | -€16,981 | -€6,205 | +€10,776 | +63.5% |
| Financial charges | 65/66B | €34,636 | €30,886 | -€3,750 | -10.8% |
| Recurring financial charges | 65 | €34,636 | €30,886 | -€3,750 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€51,617 | -€37,091 | +€14,526 | +28.1% |
| Transfer from deferred taxes | 780 | €6,407 | €6,407 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€45,210 | -€30,684 | +€14,526 | +32.1% |
| Transfer from tax-exempt reserves | 789 | €19,220 | €19,220 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,990 | -€11,464 | +€14,526 | +55.9% |
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 7 October 2026 via checked.be.