NIVLEX: 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.
NIVLEX
Largest movements
- Tangible fixed assets +€14,560
up €14,560 (+178.0%), from €8,182 to €22,742
of which Plant, machinery and equipment: +€7,538
- Cash +€5,821
up €5,821 (+17.6%), from €33,104 to €38,925
mainly Trade debts (+€10,462) and Net result for the year (+€8,563)
- Trade debts +€10,462
up €10,462 (+73.8%), from €14,175 to €24,637
- Profit (loss) carried forward +€8,563
up €8,563 (+18.9%), from €45,294 to €53,857
- Debts after one year +€7,503
new in 2025: €7,503
- Tax, wage and social debts -€5,538
down €5,538 (-69.9%), from €7,922 to €2,383
of which Remuneration and social security: -€3,000
- Current portion of long-term debt +€2,297
up €2,297 (+45.9%), from €5,000 to €7,297
- Gross operating margin -€19,203
down €19,203 (-54.2%), from €35,398 to €16,195
- Taxes -€4,168
down €4,168 (-60.5%), from €6,887 to €2,719
- Depreciation +€1,937
up €1,937 (+86.6%), from €2,237 to €4,174
- Financial charges -€461
down €461 (-45.3%), from €1,018 to €557
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 | €79,529 | €101,408 | +€21,879 | +27.5% |
| Fixed assets | 21/28 | €31,432 | €45,992 | +€14,560 | +46.3% |
| Tangible fixed assets | 22/27 | €8,182 | €22,742 | +€14,560 | +178.0% |
| Plant, machinery and equipment | 23 | €1,806 | €9,344 | +€7,538 | +417.4% |
| Furniture and vehicles | 24 | €6,376 | €13,399 | +€7,023 | +110.1% |
| Financial fixed assets | 28 | €23,250 | €23,250 | = | 0.0% |
| Current assets | 29/58 | €48,097 | €55,416 | +€7,319 | +15.2% |
| Amounts receivable within one year | 40/41 | €13,571 | €14,580 | +€1,010 | +7.4% |
| Trade receivables | 40 | €13,571 | €12,299 | -€1,272 | -9.4% |
| Other amounts receivable | 41 | - | €2,281 | +€2,281 | |
| Cash at bank and in hand | 54/58 | €33,104 | €38,925 | +€5,821 | +17.6% |
| Deferred charges and accrued income | 490/1 | €1,422 | €1,910 | +€488 | +34.3% |
| Total equity and liabilities | 10/49 | €79,529 | €101,408 | +€21,879 | +27.5% |
| Equity | 10/15 | €47,294 | €55,857 | +€8,563 | +18.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,294 | €53,857 | +€8,563 | +18.9% |
| Amounts payable | 17/49 | €32,234 | €45,551 | +€13,316 | +41.3% |
| Amounts payable after more than one year | 17 | - | €7,503 | +€7,503 | |
| Financial debts | 170/4 | - | €7,503 | +€7,503 | |
| Amounts payable within one year | 42/48 | €32,234 | €38,048 | +€5,814 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €7,297 | +€2,297 | +45.9% |
| Trade debts | 44 | €14,175 | €24,637 | +€10,462 | +73.8% |
| Suppliers | 440/4 | €14,175 | €24,637 | +€10,462 | +73.8% |
| Taxes, remuneration and social security | 45 | €7,922 | €2,383 | -€5,538 | -69.9% |
| Taxes | 450/3 | €4,922 | €2,383 | -€2,538 | -51.6% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €5,138 | €3,730 | -€1,408 | -27.4% |
| Non-recurring operating income | 76A | €533 | - | -€533 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,237 | €4,174 | +€1,937 | +86.6% |
| Other operating charges | 640/8 | €740 | €534 | -€206 | -27.9% |
| Non-recurring operating charges | 66A | €1,055 | €323 | -€732 | -69.4% |
| Gross operating margin | 9900 | €35,398 | €16,195 | -€19,203 | -54.2% |
| Operating profit (loss) | 9901 | €31,366 | €11,165 | -€20,202 | -64.4% |
| Financial income | 75/76B | €1,003 | €674 | -€330 | -32.9% |
| Recurring financial income | 75 | €1,003 | €0 | -€1,003 | -100.0% |
| Non-recurring financial income | 76B | - | €674 | +€674 | |
| Financial charges | 65/66B | €1,018 | €557 | -€461 | -45.3% |
| Recurring financial charges | 65 | €1,018 | €557 | -€461 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €31,352 | €11,282 | -€20,070 | -64.0% |
| Income taxes | 67/77 | €6,887 | €2,719 | -€4,168 | -60.5% |
| Profit (loss) for the period | 9904 | €24,465 | €8,563 | -€15,902 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,465 | €8,563 | -€15,902 | -65.0% |
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 8 October 2026 via checked.be.