NiVo: 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.
NiVo
Largest movements
- Financial fixed assets +€250,000
new in 2025: €250,000
- Receivables within one year +€7,621
up €7,621 (+28.8%), from €26,457 to €34,078
of which Other amounts receivable: +€6,043
- Debts after one year +€156,250
new in 2025: €156,250
- Reserves +€61,839
up €61,839 (+60.0%), from €103,027 to €164,866
- Current portion of long-term debt +€37,605
new in 2025: €37,605
- Tax, wage and social debts +€4,566
up €4,566 (+17.4%), from €26,232 to €30,798
of which Taxes: +€2,457
- Gross operating margin +€13,456
up €13,456 (+16.0%), from €84,091 to €97,547
- Financial charges +€2,329
up €2,329 (+272%), from €855 to €3,184
- Taxes +€2,204
up €2,204 (+13.2%), from €16,679 to €18,883
- Depreciation -€1,161
down €1,161 (-9.8%), from €11,873 to €10,712
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 | €138,840 | €396,487 | +€257,647 | +186% |
| Fixed assets | 21/28 | €50,952 | €299,888 | +€248,936 | +489% |
| Tangible fixed assets | 22/27 | €50,952 | €49,888 | -€1,064 | -2.1% |
| Plant, machinery and equipment | 23 | €2,304 | €1,435 | -€869 | -37.7% |
| Furniture and vehicles | 24 | €5,796 | €1,789 | -€4,007 | -69.1% |
| Other tangible fixed assets | 26 | €42,851 | €46,664 | +€3,813 | +8.9% |
| Financial fixed assets | 28 | - | €250,000 | +€250,000 | |
| Current assets | 29/58 | €87,889 | €96,599 | +€8,710 | +9.9% |
| Amounts receivable within one year | 40/41 | €26,457 | €34,078 | +€7,621 | +28.8% |
| Trade receivables | 40 | €20,703 | €22,281 | +€1,578 | +7.6% |
| Other amounts receivable | 41 | €5,754 | €11,797 | +€6,043 | +105% |
| Cash at bank and in hand | 54/58 | €59,260 | €60,406 | +€1,146 | +1.9% |
| Deferred charges and accrued income | 490/1 | €2,172 | €2,115 | -€57 | -2.6% |
| Total equity and liabilities | 10/49 | €138,840 | €396,487 | +€257,647 | +186% |
| Equity | 10/15 | €104,527 | €166,366 | +€61,839 | +59.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €103,027 | €164,866 | +€61,839 | +60.0% |
| Distributable reserves | 133 | €103,027 | €164,866 | +€61,839 | +60.0% |
| Amounts payable | 17/49 | €34,314 | €230,121 | +€195,807 | +571% |
| Amounts payable after more than one year | 17 | - | €156,250 | +€156,250 | |
| Financial debts | 170/4 | - | €156,250 | +€156,250 | |
| Amounts payable within one year | 42/48 | €33,564 | €72,771 | +€39,207 | +117% |
| Current portion of amounts payable after more than one year | 42 | - | €37,605 | +€37,605 | |
| Trade debts | 44 | €7,332 | €3,568 | -€3,764 | -51.3% |
| Suppliers | 440/4 | €7,332 | €3,568 | -€3,764 | -51.3% |
| Taxes, remuneration and social security | 45 | €26,232 | €30,798 | +€4,566 | +17.4% |
| Taxes | 450/3 | €26,228 | €28,685 | +€2,457 | +9.4% |
| Remuneration and social security | 454/9 | €4 | €2,113 | +€2,109 | +52,073% |
| Other amounts payable | 47/48 | - | €800 | +€800 | |
| Accrued charges and deferred income | 492/3 | €750 | €1,100 | +€350 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,873 | €10,712 | -€1,161 | -9.8% |
| Other operating charges | 640/8 | €1,756 | €2,654 | +€898 | +51.1% |
| Gross operating margin | 9900 | €84,091 | €97,547 | +€13,456 | +16.0% |
| Operating profit (loss) | 9901 | €70,462 | €84,181 | +€13,719 | +19.5% |
| Financial income | 75/76B | €313 | €525 | +€212 | +67.9% |
| Recurring financial income | 75 | €11 | €525 | +€514 | +4,890% |
| Non-recurring financial income | 76B | €302 | - | -€302 | |
| Financial charges | 65/66B | €855 | €3,184 | +€2,329 | +272% |
| Recurring financial charges | 65 | €855 | €3,184 | +€2,329 | +272% |
| Profit (loss) for the period before taxes | 9903 | €69,920 | €81,522 | +€11,602 | +16.6% |
| Income taxes | 67/77 | €16,679 | €18,883 | +€2,204 | +13.2% |
| Profit (loss) for the period | 9904 | €53,241 | €62,639 | +€9,399 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,241 | €62,639 | +€9,399 | +17.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.