NIVO BUILD: 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 BUILD
Largest movements
- Receivables within one year -€11,566
down €11,566 (-37.4%), from €30,936 to €19,370
of which Trade receivables: -€12,780
- Tangible fixed assets -€9,167
down €9,167 (-38.8%), from €23,640 to €14,474
of which Furniture and vehicles: -€11,009
- Cash +€2,989
up €2,989 (+123%), from €2,421 to €5,410
mainly Receivables within one year (+€11,566) and Depreciation (+€11,240)
- Reserves -€9,644
down €9,644 (-72.8%), from €13,249 to €3,605
- Debts after one year -€6,000
down €6,000 (-17.1%), from €35,000 to €29,000
of which Other amounts payable: -€6,000
- Current portion of long-term debt -€4,419
down €4,419 (-100%), from €4,419 to €0
- Trade debts +€2,709
up €2,709 (+364%), from €743 to €3,452
- Gross operating margin -€12,855
down €12,855 (-81.0%), from €15,879 to €3,025
- Depreciation -€2,533
down €2,533 (-18.4%), from €13,773 to €11,240
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 | €59,038 | €41,130 | -€17,908 | -30.3% |
| Fixed assets | 21/28 | €23,640 | €14,474 | -€9,167 | -38.8% |
| Tangible fixed assets | 22/27 | €23,640 | €14,474 | -€9,167 | -38.8% |
| Plant, machinery and equipment | 23 | €0 | €1,843 | +€1,843 | |
| Furniture and vehicles | 24 | €23,640 | €12,631 | -€11,009 | -46.6% |
| Current assets | 29/58 | €35,397 | €26,656 | -€8,741 | -24.7% |
| Amounts receivable within one year | 40/41 | €30,936 | €19,370 | -€11,566 | -37.4% |
| Trade receivables | 40 | €30,280 | €17,500 | -€12,780 | -42.2% |
| Other amounts receivable | 41 | €656 | €1,870 | +€1,213 | +185% |
| Cash at bank and in hand | 54/58 | €2,421 | €5,410 | +€2,989 | +123% |
| Deferred charges and accrued income | 490/1 | €2,040 | €1,876 | -€164 | -8.0% |
| Total equity and liabilities | 10/49 | €59,038 | €41,130 | -€17,908 | -30.3% |
| Equity | 10/15 | €17,701 | €8,057 | -€9,644 | -54.5% |
| Contributions | 10/11 | €4,452 | €4,452 | = | 0.0% |
| Reserves | 13 | €13,249 | €3,605 | -€9,644 | -72.8% |
| Distributable reserves | 133 | €13,249 | €3,605 | -€9,644 | -72.8% |
| Amounts payable | 17/49 | €41,336 | €33,073 | -€8,263 | -20.0% |
| Amounts payable after more than one year | 17 | €35,000 | €29,000 | -€6,000 | -17.1% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €35,000 | €29,000 | -€6,000 | -17.1% |
| Amounts payable within one year | 42/48 | €6,336 | €4,073 | -€2,263 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €4,419 | €0 | -€4,419 | -100% |
| Trade debts | 44 | €743 | €3,452 | +€2,709 | +364% |
| Suppliers | 440/4 | €743 | €3,452 | +€2,709 | +364% |
| Taxes, remuneration and social security | 45 | €341 | €120 | -€221 | -64.8% |
| Taxes | 450/3 | €341 | €120 | -€221 | -64.8% |
| Other amounts payable | 47/48 | €832 | €501 | -€332 | -39.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,773 | €11,240 | -€2,533 | -18.4% |
| Other operating charges | 640/8 | €1,350 | €1,317 | -€33 | -2.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €15,879 | €3,025 | -€12,855 | -81.0% |
| Operating profit (loss) | 9901 | €756 | -€9,533 | -€10,289 | |
| Financial income | 75/76B | €0 | €11 | +€11 | +57,250% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +57,250% |
| Financial charges | 65/66B | €205 | €123 | -€82 | -40.0% |
| Recurring financial charges | 65 | €205 | €123 | -€82 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €551 | -€9,644 | -€10,196 | |
| Income taxes | 67/77 | €120 | €0 | -€120 | -100% |
| Profit (loss) for the period | 9904 | €431 | -€9,644 | -€10,075 | |
| Profit (loss) for the period to be appropriated | 9905 | €431 | -€9,644 | -€10,075 |
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 31 October 2026 via checked.be.