Niweco: 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.
Niweco
Largest movements
- Cash -€58,030
down €58,030 (-36.0%), from €161,417 to €103,388
mainly Contributions, distributions and other (-€386,259) and Debts after one year (-€28,123)
- Receivables within one year -€57,704
down €57,704 (-61.8%), from €93,384 to €35,680
of which Other amounts receivable: -€58,228
- Tangible fixed assets -€41,153
down €41,153 (-17.0%), from €242,072 to €200,919
- Deferred charges and accrued income +€19,564
up €19,564 (+1,576%), from €1,241 to €20,806
- Reserves -€306,272
down €306,272 (-67.0%), from €456,948 to €150,676
- Other debts +€192,629
up €192,629 (+393,923%), from €49 to €192,677
- Debts after one year -€28,123
down €28,123 (-66.5%), from €42,316 to €14,192
- Current portion of long-term debt -€11,972
down €11,972 (-29.9%), from €40,096 to €28,123
- Tax, wage and social debts +€10,798
up €10,798 (+45.5%), from €23,710 to €34,508
of which Taxes: +€13,924
- Gross operating margin +€31,434
up €31,434 (+23.0%), from €136,568 to €168,001
- Taxes +€11,091
up €11,091 (+41.3%), from €26,854 to €37,945
- Depreciation -€2,882
down €2,882 (-5.9%), from €48,940 to €46,057
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 | €601,136 | €464,238 | -€136,898 | -22.8% |
| Fixed assets | 21/28 | €242,072 | €200,919 | -€41,153 | -17.0% |
| Tangible fixed assets | 22/27 | €242,072 | €200,919 | -€41,153 | -17.0% |
| Land and buildings | 22 | €117,995 | €111,727 | -€6,268 | -5.3% |
| Plant, machinery and equipment | 23 | €5,825 | €2,994 | -€2,832 | -48.6% |
| Furniture and vehicles | 24 | €75,653 | €56,369 | -€19,284 | -25.5% |
| Leasing and similar rights | 25 | €20,100 | €10,119 | -€9,982 | -49.7% |
| Other tangible fixed assets | 26 | €22,498 | €19,711 | -€2,787 | -12.4% |
| Current assets | 29/58 | €359,064 | €263,319 | -€95,745 | -26.7% |
| Amounts receivable within one year | 40/41 | €93,384 | €35,680 | -€57,704 | -61.8% |
| Trade receivables | 40 | €35,156 | €35,680 | +€524 | +1.5% |
| Other amounts receivable | 41 | €58,228 | €0 | -€58,228 | -100% |
| Current investments | 50/53 | €103,022 | €103,446 | +€424 | +0.4% |
| Cash at bank and in hand | 54/58 | €161,417 | €103,388 | -€58,030 | -36.0% |
| Deferred charges and accrued income | 490/1 | €1,241 | €20,806 | +€19,564 | +1,576% |
| Total equity and liabilities | 10/49 | €601,136 | €464,238 | -€136,898 | -22.8% |
| Equity | 10/15 | €475,548 | €169,276 | -€306,272 | -64.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €456,948 | €150,676 | -€306,272 | -67.0% |
| Distributable reserves | 133 | €456,948 | €150,676 | -€306,272 | -67.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €125,588 | €294,962 | +€169,374 | +135% |
| Amounts payable after more than one year | 17 | €42,316 | €14,192 | -€28,123 | -66.5% |
| Financial debts | 170/4 | €42,316 | €14,192 | -€28,123 | -66.5% |
| Amounts payable within one year | 42/48 | €83,273 | €279,602 | +€196,329 | +236% |
| Current portion of amounts payable after more than one year | 42 | €40,096 | €28,123 | -€11,972 | -29.9% |
| Trade debts | 44 | €19,418 | €24,292 | +€4,875 | +25.1% |
| Suppliers | 440/4 | €19,418 | €24,292 | +€4,875 | +25.1% |
| Taxes, remuneration and social security | 45 | €23,710 | €34,508 | +€10,798 | +45.5% |
| Taxes | 450/3 | €20,585 | €34,508 | +€13,924 | +67.6% |
| Remuneration and social security | 454/9 | €3,126 | €0 | -€3,126 | -100% |
| Other amounts payable | 47/48 | €49 | €192,677 | +€192,629 | +393,923% |
| Accrued charges and deferred income | 492/3 | - | €1,168 | +€1,168 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,940 | €46,057 | -€2,882 | -5.9% |
| Other operating charges | 640/8 | €3,872 | €3,289 | -€584 | -15.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €136,568 | €168,001 | +€31,434 | +23.0% |
| Operating profit (loss) | 9901 | €83,756 | €118,655 | +€34,900 | +41.7% |
| Financial income | 75/76B | €3,722 | €3,431 | -€291 | -7.8% |
| Recurring financial income | 75 | €3,722 | €3,431 | -€291 | -7.8% |
| Financial charges | 65/66B | €4,230 | €4,154 | -€76 | -1.8% |
| Recurring financial charges | 65 | €4,230 | €4,154 | -€76 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €83,248 | €117,932 | +€34,684 | +41.7% |
| Income taxes | 67/77 | €26,854 | €37,945 | +€11,091 | +41.3% |
| Profit (loss) for the period | 9904 | €56,395 | €79,987 | +€23,593 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,395 | €79,987 | +€23,593 | +41.8% |
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 27 October 2026 via checked.be.