NiVO: 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.
NiVO
Largest movements
- Tangible fixed assets -€59,554
down €59,554 (-9.3%), from €643,282 to €583,727
of which Land and buildings: -€49,404
- Receivables within one year +€15,484
up €15,484 (+28.2%), from €54,967 to €70,451
of which Other amounts receivable: +€14,640
- Cash +€14,347
up €14,347 (+65.3%), from €21,979 to €36,326
mainly Depreciation (+€67,346) and Net result for the year (+€55,440)
- Debts after one year -€72,841
down €72,841 (-18.0%), from €404,424 to €331,583
- Profit (loss) carried forward +€55,440
up €55,440 (+34.0%), from €163,294 to €218,734
- Other debts -€10,393
down €10,393 (-21.0%), from €49,471 to €39,077
- Tax, wage and social debts -€9,264
down €9,264 (-29.4%), from €31,522 to €22,258
of which Taxes: -€4,638
- Gross operating margin +€54,658
up €54,658 (+55.9%), from €97,713 to €152,371
- Financial charges +€13,931
up €13,931 (+158.9%), from €8,767 to €22,698
- Depreciation +€3,810
up €3,810 (+6.0%), from €63,536 to €67,346
- Staff costs +€3,489
up €3,489 (+284.0%), from €1,228 to €4,717
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €733,447 | €699,844 | -€33,603 | -4.6% |
| Fixed assets | 21/28 | €644,082 | €584,527 | -€59,554 | -9.2% |
| Tangible fixed assets | 22/27 | €643,282 | €583,727 | -€59,554 | -9.3% |
| Land and buildings | 22 | €580,291 | €530,887 | -€49,404 | -8.5% |
| Plant, machinery and equipment | 23 | €43,033 | €37,620 | -€5,413 | -12.6% |
| Furniture and vehicles | 24 | €13,896 | €9,159 | -€4,738 | -34.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €6,061 | €6,061 | = | 0.0% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €89,366 | €115,317 | +€25,951 | +29.0% |
| Stocks and contracts in progress | 3 | €11,796 | €6,171 | -€5,624 | -47.7% |
| Stocks | 30/36 | €11,796 | €6,171 | -€5,624 | -47.7% |
| Amounts receivable within one year | 40/41 | €54,967 | €70,451 | +€15,484 | +28.2% |
| Trade receivables | 40 | €34,994 | €35,838 | +€844 | +2.4% |
| Other amounts receivable | 41 | €19,973 | €34,613 | +€14,640 | +73.3% |
| Cash at bank and in hand | 54/58 | €21,979 | €36,326 | +€14,347 | +65.3% |
| Deferred charges and accrued income | 490/1 | €623 | €2,368 | +€1,745 | +279.9% |
| Total equity and liabilities | 10/49 | €733,447 | €699,844 | -€33,603 | -4.6% |
| Equity | 10/15 | €171,354 | €226,794 | +€55,440 | +32.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,294 | €218,734 | +€55,440 | +34.0% |
| Amounts payable | 17/49 | €562,093 | €473,050 | -€89,043 | -15.8% |
| Amounts payable after more than one year | 17 | €404,424 | €331,583 | -€72,841 | -18.0% |
| Financial debts | 170/4 | €404,424 | €331,583 | -€72,841 | -18.0% |
| Amounts payable within one year | 42/48 | €157,669 | €141,467 | -€16,202 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €72,256 | €72,841 | +€585 | +0.8% |
| Financial debts | 43 | €817 | €11 | -€805 | -98.6% |
| Credit institutions | 430/8 | €817 | €11 | -€805 | -98.6% |
| Trade debts | 44 | €3,604 | €7,280 | +€3,675 | +102.0% |
| Suppliers | 440/4 | €3,604 | €7,280 | +€3,675 | +102.0% |
| Taxes, remuneration and social security | 45 | €31,522 | €22,258 | -€9,264 | -29.4% |
| Taxes | 450/3 | €26,896 | €22,258 | -€4,638 | -17.2% |
| Remuneration and social security | 454/9 | €4,626 | €0 | -€4,626 | -100.0% |
| Other amounts payable | 47/48 | €49,471 | €39,077 | -€10,393 | -21.0% |
| Non-recurring operating income | 76A | €24,069 | €0 | -€24,069 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,228 | €4,717 | +€3,489 | +284.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,536 | €67,346 | +€3,810 | +6.0% |
| Other operating charges | 640/8 | €1,830 | €1,905 | +€75 | +4.1% |
| Gross operating margin | 9900 | €97,713 | €152,371 | +€54,658 | +55.9% |
| Operating profit (loss) | 9901 | €31,118 | €78,403 | +€47,285 | +152.0% |
| Financial income | 75/76B | €62 | €13 | -€49 | -79.4% |
| Recurring financial income | 75 | €62 | €13 | -€49 | -79.4% |
| Financial charges | 65/66B | €8,767 | €22,698 | +€13,931 | +158.9% |
| Recurring financial charges | 65 | €8,767 | €22,698 | +€13,931 | +158.9% |
| Profit (loss) for the period before taxes | 9903 | €22,413 | €55,718 | +€33,305 | +148.6% |
| Income taxes | 67/77 | €132 | €278 | +€146 | +110.9% |
| Profit (loss) for the period | 9904 | €22,281 | €55,440 | +€33,159 | +148.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,281 | €55,440 | +€33,159 | +148.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.