DE NERVIËR: 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.
DE NERVIËR
Largest movements
- Cash +€13,223
up €13,223 (+179%), from €7,398 to €20,621
mainly Net result for the year (+€34,394) and Depreciation (+€12,500)
- Tangible fixed assets -€12,500
down €12,500 (-2.7%), from €463,542 to €451,042
- Debts after one year -€36,819
down €36,819 (-12.5%), from €293,496 to €256,677
- Reserves +€32,061
up €32,061 (+41.1%), from €77,939 to €110,000
- Gross operating margin +€7,355
up €7,355 (+12.9%), from €57,226 to €64,581
- Financial charges -€2,253
down €2,253 (-27.4%), from €8,238 to €5,985
- Taxes +€1,865
up €1,865 (+19.0%), from €9,837 to €11,702
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 | €470,940 | €471,663 | +€723 | +0.2% |
| Fixed assets | 21/28 | €463,542 | €451,042 | -€12,500 | -2.7% |
| Tangible fixed assets | 22/27 | €463,542 | €451,042 | -€12,500 | -2.7% |
| Other tangible fixed assets | 26 | €463,542 | €451,042 | -€12,500 | -2.7% |
| Current assets | 29/58 | €7,398 | €20,621 | +€13,223 | +179% |
| Cash at bank and in hand | 54/58 | €7,398 | €20,621 | +€13,223 | +179% |
| Total equity and liabilities | 10/49 | €470,940 | €471,663 | +€723 | +0.2% |
| Equity | 10/15 | €96,539 | €130,933 | +€34,394 | +35.6% |
| Revaluation surpluses | 12 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,939 | €110,000 | +€32,061 | +41.1% |
| Distributable reserves | 133 | €77,939 | €110,000 | +€32,061 | +41.1% |
| Profit (loss) carried forward | 14 | - | €2,333 | +€2,333 | |
| Amounts payable | 17/49 | €374,401 | €340,731 | -€33,670 | -9.0% |
| Amounts payable after more than one year | 17 | €293,496 | €256,677 | -€36,819 | -12.5% |
| Financial debts | 170/4 | €293,496 | €256,677 | -€36,819 | -12.5% |
| Amounts payable within one year | 42/48 | €80,905 | €84,054 | +€3,149 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €36,271 | €36,819 | +€548 | +1.5% |
| Taxes, remuneration and social security | 45 | €10,311 | €11,539 | +€1,228 | +11.9% |
| Taxes | 450/3 | €10,311 | €11,539 | +€1,228 | +11.9% |
| Other amounts payable | 47/48 | €34,323 | €35,696 | +€1,373 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,500 | €12,500 | = | 0.0% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €57,226 | €64,581 | +€7,355 | +12.9% |
| Operating profit (loss) | 9901 | €44,338 | €52,081 | +€7,742 | +17.5% |
| Financial charges | 65/66B | €8,238 | €5,985 | -€2,253 | -27.4% |
| Recurring financial charges | 65 | €8,238 | €5,985 | -€2,253 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €36,100 | €46,096 | +€9,996 | +27.7% |
| Income taxes | 67/77 | €9,837 | €11,702 | +€1,865 | +19.0% |
| Profit (loss) for the period | 9904 | €26,263 | €34,394 | +€8,131 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,263 | €34,394 | +€8,131 | +31.0% |
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 23 October 2026 via checked.be.