NIWINVEST: 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.
NIWINVEST
Largest movements
- Receivables within one year -€23,322
down €23,322 (-71.4%), from €32,679 to €9,357
of which Trade receivables: -€22,699
- Cash +€17,038
up €17,038 (+711%), from €2,397 to €19,434
mainly Receivables within one year (+€23,322) and Depreciation (+€10,437)
- Tangible fixed assets -€10,437
down €10,437 (-7.5%), from €139,875 to €129,438
- Debts after one year -€15,042
down €15,042 (-12.9%), from €116,190 to €101,148
- Profit (loss) carried forward +€7,392
up €7,392 (+6.5%), from -€113,601 to -€106,208
- Trade debts -€5,759
down €5,759 (-39.3%), from €14,648 to €8,889
- Accrued charges and deferred income -€4,369
down €4,369 (-100%), from €4,369 to €0
- Tax, wage and social debts +€2,054
up €2,054 (+13.5%), from €15,229 to €17,283
of which Taxes: +€1,765
- Gross operating margin +€6,420
up €6,420 (+9.2%), from €70,131 to €76,551
- Depreciation -€4,584
down €4,584 (-30.5%), from €15,021 to €10,437
- Financial charges -€2,298
down €2,298 (-33.2%), from €6,927 to €4,629
- Staff costs -€1,998
down €1,998 (-3.8%), from €53,208 to €51,210
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 | €174,950 | €158,522 | -€16,428 | -9.4% |
| Fixed assets | 21/28 | €139,875 | €129,438 | -€10,437 | -7.5% |
| Tangible fixed assets | 22/27 | €139,875 | €129,438 | -€10,437 | -7.5% |
| Land and buildings | 22 | €139,875 | €129,438 | -€10,437 | -7.5% |
| Current assets | 29/58 | €35,076 | €29,084 | -€5,992 | -17.1% |
| Amounts receivable within one year | 40/41 | €32,679 | €9,357 | -€23,322 | -71.4% |
| Trade receivables | 40 | €32,053 | €9,353 | -€22,699 | -70.8% |
| Other amounts receivable | 41 | €626 | €4 | -€622 | -99.4% |
| Cash at bank and in hand | 54/58 | €2,397 | €19,434 | +€17,038 | +711% |
| Deferred charges and accrued income | 490/1 | - | €292 | +€292 | |
| Total equity and liabilities | 10/49 | €174,950 | €158,522 | -€16,428 | -9.4% |
| Equity | 10/15 | -€31,491 | -€24,098 | +€7,392 | +23.5% |
| Contributions | 10/11 | €57,600 | €57,600 | = | 0.0% |
| Contributions outside capital | 11 | €57,600 | - | -€57,600 | |
| Share premium | 1100/10 | €57,600 | - | -€57,600 | |
| Reserves | 13 | €24,510 | €24,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,760 | €5,760 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,760 | €5,760 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,601 | -€106,208 | +€7,392 | +6.5% |
| Amounts payable | 17/49 | €206,441 | €182,620 | -€23,820 | -11.5% |
| Amounts payable after more than one year | 17 | €116,190 | €101,148 | -€15,042 | -12.9% |
| Financial debts | 170/4 | €116,190 | €101,148 | -€15,042 | -12.9% |
| Amounts payable within one year | 42/48 | €85,881 | €81,472 | -€4,409 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €15,042 | €15,042 | = | 0.0% |
| Trade debts | 44 | €14,648 | €8,889 | -€5,759 | -39.3% |
| Suppliers | 440/4 | €14,648 | €8,889 | -€5,759 | -39.3% |
| Taxes, remuneration and social security | 45 | €15,229 | €17,283 | +€2,054 | +13.5% |
| Taxes | 450/3 | €3,603 | €5,369 | +€1,765 | +49.0% |
| Remuneration and social security | 454/9 | €11,626 | €11,914 | +€289 | +2.5% |
| Other amounts payable | 47/48 | €40,962 | €40,258 | -€704 | -1.7% |
| Accrued charges and deferred income | 492/3 | €4,369 | €0 | -€4,369 | -100% |
| Remuneration, social security and pensions | 62 | €53,208 | €51,210 | -€1,998 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,021 | €10,437 | -€4,584 | -30.5% |
| Other operating charges | 640/8 | €2,217 | €2,943 | +€726 | +32.7% |
| Gross operating margin | 9900 | €70,131 | €76,551 | +€6,420 | +9.2% |
| Operating profit (loss) | 9901 | -€314 | €11,962 | +€12,277 | |
| Financial income | 75/76B | €183 | €59 | -€125 | -68.0% |
| Recurring financial income | 75 | €183 | €59 | -€125 | -68.0% |
| Financial charges | 65/66B | €6,927 | €4,629 | -€2,298 | -33.2% |
| Recurring financial charges | 65 | €6,927 | €4,629 | -€2,298 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,058 | €7,392 | +€14,450 | |
| Income taxes | 67/77 | €2 | €0 | -€2 | -100% |
| Profit (loss) for the period | 9904 | -€7,060 | €7,392 | +€14,452 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,060 | €7,392 | +€14,452 |
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.