Nerv-be: 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.
Nerv-be
Largest movements
- Financial fixed assets +€40,000
new in 2025: €40,000
- Tangible fixed assets +€27,758
up €27,758 (+87.2%), from €31,825 to €59,583
of which Furniture and vehicles: +€29,114
- Cash -€20,165
down €20,165 (-24.5%), from €82,330 to €62,165
mainly Investment in fixed assets (net) (-€81,000) and Deferred charges and accrued income (-€1,997)
- Deferred charges and accrued income +€1,997
up €1,997 (+363.0%), from €550 to €2,547
- Debts after one year +€22,509
up €22,509 (+418.8%), from €5,375 to €27,884
- Reserves +€20,087
up €20,087 (+22.2%), from €90,552 to €110,639
- Current portion of long-term debt +€6,199
up €6,199 (+107.7%), from €5,753 to €11,952
- Tax, wage and social debts +€2,478
up €2,478 (+20.6%), from €12,023 to €14,501
- Other debts -€1,683
down €1,683 (-61.5%), from €2,735 to €1,052
- Gross operating margin +€10,259
up €10,259 (+27.0%), from €37,970 to €48,229
- Taxes +€2,527
up €2,527 (+26.8%), from €9,428 to €11,955
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 | €114,705 | €164,295 | +€49,590 | +43.2% |
| Fixed assets | 21/28 | €31,825 | €99,583 | +€67,758 | +212.9% |
| Tangible fixed assets | 22/27 | €31,825 | €59,583 | +€27,758 | +87.2% |
| Plant, machinery and equipment | 23 | €8,138 | €6,782 | -€1,356 | -16.7% |
| Furniture and vehicles | 24 | €23,687 | €52,801 | +€29,114 | +122.9% |
| Financial fixed assets | 28 | - | €40,000 | +€40,000 | |
| Current assets | 29/58 | €82,880 | €64,712 | -€18,168 | -21.9% |
| Cash at bank and in hand | 54/58 | €82,330 | €62,165 | -€20,165 | -24.5% |
| Deferred charges and accrued income | 490/1 | €550 | €2,547 | +€1,997 | +363.0% |
| Total equity and liabilities | 10/49 | €114,705 | €164,295 | +€49,590 | +43.2% |
| Equity | 10/15 | €88,818 | €108,905 | +€20,087 | +22.6% |
| Reserves | 13 | €90,552 | €110,639 | +€20,087 | +22.2% |
| Distributable reserves | 133 | €90,552 | €110,639 | +€20,087 | +22.2% |
| Profit (loss) carried forward | 14 | -€1,734 | -€1,734 | = | 0.0% |
| Amounts payable | 17/49 | €25,887 | €55,389 | +€29,503 | +114.0% |
| Amounts payable after more than one year | 17 | €5,375 | €27,884 | +€22,509 | +418.8% |
| Financial debts | 170/4 | €5,375 | €27,884 | +€22,509 | +418.8% |
| Amounts payable within one year | 42/48 | €20,512 | €27,505 | +€6,993 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €5,753 | €11,952 | +€6,199 | +107.7% |
| Taxes, remuneration and social security | 45 | €12,023 | €14,501 | +€2,478 | +20.6% |
| Taxes | 450/3 | €12,023 | €14,501 | +€2,478 | +20.6% |
| Other amounts payable | 47/48 | €2,735 | €1,052 | -€1,683 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,237 | €13,242 | +€5 | 0.0% |
| Other operating charges | 640/8 | €2,467 | €2,571 | +€104 | +4.2% |
| Gross operating margin | 9900 | €37,970 | €48,229 | +€10,259 | +27.0% |
| Operating profit (loss) | 9901 | €22,265 | €32,415 | +€10,150 | +45.6% |
| Financial income | 75/76B | - | €249 | +€249 | |
| Recurring financial income | 75 | - | €249 | +€249 | |
| Financial charges | 65/66B | €428 | €623 | +€195 | +45.5% |
| Recurring financial charges | 65 | €428 | €623 | +€195 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €21,838 | €32,042 | +€10,204 | +46.7% |
| Income taxes | 67/77 | €9,428 | €11,955 | +€2,527 | +26.8% |
| Profit (loss) for the period | 9904 | €12,410 | €20,087 | +€7,677 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,410 | €20,087 | +€7,677 | +61.9% |
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 10 October 2026 via checked.be.