bNV: 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.
bNV
Largest movements
- Tangible fixed assets -€15,435
down €15,435 (-21.7%), from €71,190 to €55,754
of which Furniture and vehicles: -€10,408
- Receivables within one year +€14,972
up €14,972 (+684%), from €2,188 to €17,160
of which Trade receivables: +€13,310
- Cash -€5,419
down €5,419 (-6.2%), from €86,707 to €81,288
mainly Receivables within one year (-€14,972) and Investment in fixed assets (net) (-€10,500)
- Debts after one year -€5,174
down €5,174 (-92.2%), from €5,614 to €440
- Depreciation +€5,484
up €5,484 (+26.8%), from €20,451 to €25,935
- Gross operating margin +€5,158
up €5,158 (+21.3%), from €24,271 to €29,428
- Other operating charges -€870
down €870 (-62.5%), from €1,392 to €522
- Financial charges -€516
down €516 (-52.1%), from €991 to €475
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 | €162,975 | €157,146 | -€5,829 | -3.6% |
| Fixed assets | 21/28 | €71,190 | €55,754 | -€15,435 | -21.7% |
| Tangible fixed assets | 22/27 | €71,190 | €55,754 | -€15,435 | -21.7% |
| Land and buildings | 22 | €5,657 | €1,346 | -€4,311 | -76.2% |
| Plant, machinery and equipment | 23 | €3,305 | €2,589 | -€716 | -21.7% |
| Furniture and vehicles | 24 | €62,228 | €51,820 | -€10,408 | -16.7% |
| Current assets | 29/58 | €91,786 | €101,392 | +€9,606 | +10.5% |
| Amounts receivable within one year | 40/41 | €2,188 | €17,160 | +€14,972 | +684% |
| Trade receivables | 40 | €0 | €13,310 | +€13,310 | |
| Other amounts receivable | 41 | €2,188 | €3,850 | +€1,662 | +76.0% |
| Cash at bank and in hand | 54/58 | €86,707 | €81,288 | -€5,419 | -6.2% |
| Deferred charges and accrued income | 490/1 | €2,891 | €2,944 | +€53 | +1.8% |
| Total equity and liabilities | 10/49 | €162,975 | €157,146 | -€5,829 | -3.6% |
| Equity | 10/15 | €133,191 | €132,912 | -€279 | -0.2% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €120,113 | €120,113 | = | 0.0% |
| Distributable reserves | 133 | €120,113 | €120,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,122 | -€1,401 | -€279 | -24.8% |
| Amounts payable | 17/49 | €29,785 | €24,234 | -€5,551 | -18.6% |
| Amounts payable after more than one year | 17 | €5,614 | €440 | -€5,174 | -92.2% |
| Financial debts | 170/4 | €5,614 | €440 | -€5,174 | -92.2% |
| Amounts payable within one year | 42/48 | €24,171 | €23,794 | -€377 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €4,982 | €5,174 | +€191 | +3.8% |
| Trade debts | 44 | €5,687 | €5,250 | -€437 | -7.7% |
| Suppliers | 440/4 | €5,687 | €5,250 | -€437 | -7.7% |
| Taxes, remuneration and social security | 45 | €12,299 | €10,932 | -€1,367 | -11.1% |
| Taxes | 450/3 | €12,299 | €10,932 | -€1,367 | -11.1% |
| Other amounts payable | 47/48 | €1,204 | €2,439 | +€1,235 | +103% |
| Non-recurring operating income | 76A | €4,000 | €8,926 | +€4,926 | +123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,451 | €25,935 | +€5,484 | +26.8% |
| Other operating charges | 640/8 | €1,392 | €522 | -€870 | -62.5% |
| Gross operating margin | 9900 | €24,271 | €29,428 | +€5,158 | +21.3% |
| Operating profit (loss) | 9901 | €2,427 | €2,971 | +€544 | +22.4% |
| Financial income | 75/76B | €293 | €113 | -€180 | -61.3% |
| Recurring financial income | 75 | €293 | €113 | -€180 | -61.3% |
| Financial charges | 65/66B | €991 | €475 | -€516 | -52.1% |
| Recurring financial charges | 65 | €991 | €475 | -€516 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €1,728 | €2,609 | +€881 | +50.9% |
| Income taxes | 67/77 | €2,851 | €2,888 | +€37 | +1.3% |
| Profit (loss) for the period | 9904 | -€1,122 | -€279 | +€843 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,122 | -€279 | +€843 | +75.2% |
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 13 October 2026 via checked.be.