N-Ventures: 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.
N-Ventures
Largest movements
- Receivables within one year +€25,555
up €25,555 (+54.7%), from €46,705 to €72,260
of which Other amounts receivable: +€30,012
- Tangible fixed assets -€1,020
down €1,020 (-43.8%), from €2,328 to €1,308
- Profit (loss) carried forward +€24,990
up €24,990, from -€24,838 to €152
- Reserves +€10,500
new in 2025: €10,500
- Tax, wage and social debts -€7,259
down €7,259 (-18.8%), from €38,602 to €31,343
of which Remuneration and social security: -€3,700
- Trade debts +€5,894
up €5,894 (+270%), from €2,185 to €8,079
- Short-term financial debts -€5,566
down €5,566 (-23.8%), from €23,411 to €17,845
- Gross operating margin +€33,985
up €33,985 (+78.9%), from €43,070 to €77,055
- Staff costs -€22,081
down €22,081 (-58.7%), from €37,638 to €15,557
- Taxes +€15,833
up €15,833 (+1,264%), from €1,252 to €17,085
- Other operating charges -€2,752
down €2,752 (-57.0%), from €4,830 to €2,078
- Financial charges +€2,416
up €2,416 (+39.0%), from €6,199 to €8,615
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 | €56,360 | €80,419 | +€24,059 | +42.7% |
| Fixed assets | 21/28 | €2,328 | €1,308 | -€1,020 | -43.8% |
| Tangible fixed assets | 22/27 | €2,328 | €1,308 | -€1,020 | -43.8% |
| Furniture and vehicles | 24 | €2,328 | €1,308 | -€1,020 | -43.8% |
| Current assets | 29/58 | €54,032 | €79,111 | +€25,078 | +46.4% |
| Stocks and contracts in progress | 3 | €6,844 | €6,844 | = | 0.0% |
| Stocks | 30/36 | €6,844 | €6,844 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,705 | €72,260 | +€25,555 | +54.7% |
| Trade receivables | 40 | €10,502 | €6,045 | -€4,457 | -42.4% |
| Other amounts receivable | 41 | €36,203 | €66,215 | +€30,012 | +82.9% |
| Cash at bank and in hand | 54/58 | €6 | €6 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €477 | €0 | -€477 | -100% |
| Total equity and liabilities | 10/49 | €56,360 | €80,419 | +€24,059 | +42.7% |
| Equity | 10/15 | -€12,338 | €23,152 | +€35,490 | |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | - | €10,500 | +€10,500 | |
| Distributable reserves | 133 | - | €10,500 | +€10,500 | |
| Profit (loss) carried forward | 14 | -€24,838 | €152 | +€24,990 | |
| Amounts payable | 17/49 | €68,698 | €57,267 | -€11,431 | -16.6% |
| Amounts payable within one year | 42/48 | €68,698 | €57,267 | -€11,431 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €4,500 | €0 | -€4,500 | -100% |
| Financial debts | 43 | €23,411 | €17,845 | -€5,566 | -23.8% |
| Credit institutions | 430/8 | €23,411 | €17,845 | -€5,566 | -23.8% |
| Trade debts | 44 | €2,185 | €8,079 | +€5,894 | +270% |
| Suppliers | 440/4 | €2,185 | €8,079 | +€5,894 | +270% |
| Taxes, remuneration and social security | 45 | €38,602 | €31,343 | -€7,259 | -18.8% |
| Taxes | 450/3 | €32,459 | €28,900 | -€3,559 | -11.0% |
| Remuneration and social security | 454/9 | €6,142 | €2,442 | -€3,700 | -60.2% |
| Remuneration, social security and pensions | 62 | €37,638 | €15,557 | -€22,081 | -58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,017 | €1,020 | +€2 | +0.2% |
| Other operating charges | 640/8 | €4,830 | €2,078 | -€2,752 | -57.0% |
| Gross operating margin | 9900 | €43,070 | €77,055 | +€33,985 | +78.9% |
| Operating profit (loss) | 9901 | -€416 | €58,400 | +€58,816 | |
| Financial income | 75/76B | €1,396 | €2,790 | +€1,394 | +99.8% |
| Recurring financial income | 75 | €1,396 | €2,790 | +€1,394 | +99.8% |
| Financial charges | 65/66B | €6,199 | €8,615 | +€2,416 | +39.0% |
| Recurring financial charges | 65 | €6,199 | €8,615 | +€2,416 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,218 | €52,576 | +€57,794 | |
| Income taxes | 67/77 | €1,252 | €17,085 | +€15,833 | +1,264% |
| Profit (loss) for the period | 9904 | -€6,471 | €35,490 | +€41,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,471 | €35,490 | +€41,961 |
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 15 October 2026 via checked.be.