NIVO Management: 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 Management
Largest movements
- Receivables within one year +€5,970
up €5,970 (+214%), from €2,790 to €8,760
- Deferred charges and accrued income +€2,093
new in 2025: €2,093
- Cash -€952
down €952 (-8.1%), from €11,737 to €10,785
mainly Receivables within one year (-€5,970) and Deferred charges and accrued income (-€2,093)
- Profit (loss) carried forward +€2,866
up €2,866 (+48.0%), from -€5,967 to -€3,101
- Other debts +€2,519
up €2,519 (+18.4%), from €13,676 to €16,195
- Trade debts +€2,118
up €2,118 (+55.4%), from €3,823 to €5,941
- Tax, wage and social debts -€1,230
down €1,230 (-14.5%), from €8,478 to €7,248
- Accrued charges and deferred income +€838
new in 2025: €838
- Gross operating margin +€8,925
up €8,925, from -€5,801 to €3,124
- Financial charges +€153
up €153 (+92.8%), from €165 to €319
- Financial income +€61
new in 2025: €61
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 | €34,527 | €41,638 | +€7,111 | +20.6% |
| Fixed assets | 21/28 | €20,000 | €20,000 | = | 0.0% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €14,527 | €21,638 | +€7,111 | +49.0% |
| Amounts receivable within one year | 40/41 | €2,790 | €8,760 | +€5,970 | +214% |
| Trade receivables | 40 | €2,790 | €8,760 | +€5,970 | +214% |
| Cash at bank and in hand | 54/58 | €11,737 | €10,785 | -€952 | -8.1% |
| Deferred charges and accrued income | 490/1 | - | €2,093 | +€2,093 | |
| Total equity and liabilities | 10/49 | €34,527 | €41,638 | +€7,111 | +20.6% |
| Equity | 10/15 | €8,549 | €11,415 | +€2,866 | +33.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,516 | €12,516 | = | 0.0% |
| Distributable reserves | 133 | €12,516 | €12,516 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,967 | -€3,101 | +€2,866 | +48.0% |
| Amounts payable | 17/49 | €25,977 | €30,223 | +€4,245 | +16.3% |
| Amounts payable within one year | 42/48 | €25,977 | €29,384 | +€3,407 | +13.1% |
| Trade debts | 44 | €3,823 | €5,941 | +€2,118 | +55.4% |
| Suppliers | 440/4 | €3,823 | €5,941 | +€2,118 | +55.4% |
| Taxes, remuneration and social security | 45 | €8,478 | €7,248 | -€1,230 | -14.5% |
| Taxes | 450/3 | €8,478 | €7,248 | -€1,230 | -14.5% |
| Other amounts payable | 47/48 | €13,676 | €16,195 | +€2,519 | +18.4% |
| Accrued charges and deferred income | 492/3 | - | €838 | +€838 | |
| Gross operating margin | 9900 | -€5,801 | €3,124 | +€8,925 | |
| Operating profit (loss) | 9901 | -€5,801 | €3,124 | +€8,925 | |
| Financial income | 75/76B | - | €61 | +€61 | |
| Recurring financial income | 75 | - | €61 | +€61 | |
| Financial charges | 65/66B | €165 | €319 | +€153 | +92.8% |
| Recurring financial charges | 65 | €165 | €319 | +€153 | +92.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,967 | €2,866 | +€8,832 | |
| Profit (loss) for the period | 9904 | -€5,967 | €2,866 | +€8,832 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,967 | €2,866 | +€8,832 |
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 30 October 2026 via checked.be.