IB NVC: what changed
Two fiscal 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.
IB NVC
Largest movements
- Receivables within one year +€2,875
up €2,875 (+32.0%), from €8,972 to €11,846
of which Trade receivables: +€2,719
- Tangible fixed assets +€1,477
up €1,477 (+17.5%), from €8,465 to €9,942
of which Plant, machinery and equipment: +€1,519
- Financial fixed assets -€900
down €900 (-76.9%), from €1,170 to €270
- Cash -€657
down €657 (-36.1%), from €1,819 to €1,162
mainly Receivables within one year (-€2,875) and Investment in fixed assets (net) (-€2,205)
- Deferred charges and accrued income +€299
up €299 (+575.1%), from €52 to €351
- Trade debts +€3,556
up €3,556 (+144.5%), from €2,462 to €6,018
- Other debts -€1,711
down €1,711 (-37.5%), from €4,559 to €2,848
- Profit (loss) carried forward +€941
up €941 (+4.1%), from -€22,956 to -€22,016
- Tax, wage and social debts +€312
up €312 (+6.6%), from €4,696 to €5,008
of which Taxes: +€1,607
- Gross operating margin -€30,738
down €30,738 (-82.0%), from €37,494 to €6,756
- Financial charges -€10,994
down €10,994 (-79.1%), from €13,908 to €2,913
- Other operating charges -€634
down €634 (-65.5%), from €967 to €334
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.
Cash bridge derived
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 | €22,994 | €26,092 | +€3,098 | +13.5% |
| Fixed assets | 21/28 | €9,635 | €10,212 | +€577 | +6.0% |
| Tangible fixed assets | 22/27 | €8,465 | €9,942 | +€1,477 | +17.5% |
| Plant, machinery and equipment | 23 | €3,550 | €5,068 | +€1,519 | +42.8% |
| Furniture and vehicles | 24 | €4,916 | €4,874 | -€42 | -0.8% |
| Financial fixed assets | 28 | €1,170 | €270 | -€900 | -76.9% |
| Current assets | 29/58 | €13,359 | €15,880 | +€2,521 | +18.9% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,972 | €11,846 | +€2,875 | +32.0% |
| Trade receivables | 40 | €8,896 | €11,615 | +€2,719 | +30.6% |
| Other amounts receivable | 41 | €76 | €231 | +€155 | +203.8% |
| Current investments | 50/53 | €17 | €21 | +€4 | +26.4% |
| Cash at bank and in hand | 54/58 | €1,819 | €1,162 | -€657 | -36.1% |
| Deferred charges and accrued income | 490/1 | €52 | €351 | +€299 | +575.1% |
| Total equity and liabilities | 10/49 | €22,994 | €26,092 | +€3,098 | +13.5% |
| Equity | 10/15 | €11,277 | €12,218 | +€941 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,634 | €15,634 | = | 0.0% |
| Distributable reserves | 133 | €15,634 | €15,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,956 | -€22,016 | +€941 | +4.1% |
| Amounts payable | 17/49 | €11,717 | €13,874 | +€2,157 | +18.4% |
| Amounts payable within one year | 42/48 | €11,717 | €13,874 | +€2,157 | +18.4% |
| Trade debts | 44 | €2,462 | €6,018 | +€3,556 | +144.5% |
| Suppliers | 440/4 | €2,462 | €6,018 | +€3,556 | +144.5% |
| Taxes, remuneration and social security | 45 | €4,696 | €5,008 | +€312 | +6.6% |
| Taxes | 450/3 | €3,401 | €5,008 | +€1,607 | +47.3% |
| Remuneration and social security | 454/9 | €1,296 | - | -€1,296 | |
| Other amounts payable | 47/48 | €4,559 | €2,848 | -€1,711 | -37.5% |
| Remuneration, social security and pensions | 62 | - | €176 | +€176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,529 | €1,628 | +€98 | +6.4% |
| Other operating charges | 640/8 | €967 | €334 | -€634 | -65.5% |
| Non-recurring operating charges | 66A | €25,834 | €807 | -€25,027 | -96.9% |
| Gross operating margin | 9900 | €37,494 | €6,756 | -€30,738 | -82.0% |
| Operating profit (loss) | 9901 | €9,163 | €3,812 | -€5,351 | -58.4% |
| Financial income | 75/76B | €32 | €43 | +€11 | +35.1% |
| Recurring financial income | 75 | €32 | €43 | +€11 | +35.1% |
| Financial charges | 65/66B | €13,908 | €2,913 | -€10,994 | -79.1% |
| Recurring financial charges | 65 | €13,908 | €2,913 | -€10,994 | -79.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,712 | €942 | +€5,654 | |
| Income taxes | 67/77 | €1 | €1 | -€0 | -19.5% |
| Profit (loss) for the period | 9904 | -€4,714 | €941 | +€5,654 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,714 | €941 | +€5,654 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.