NERVA: 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.
What changed
NERVA
NACE 23.610, Manufacture of other non-metallic mineral products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2,075
2024 · €282,080-€280,005
Equity
€7.6m
2024 · €7.6m+€2,075
Cash
€1.1m
2024 · €1.3m-€110,139
Balance sheet total
€9.5m
2024 · €9.3m+€214,175
Largest movements
Assets
- Receivables within one year +€293,514
up €293,514 (+14.8%), from €2.0m to €2.3m
of which Trade receivables: +€276,754
- Stocks and contracts +€218,703
up €218,703 (+33.6%), from €651,129 to €869,831
- Tangible fixed assets -€190,484
down €190,484 (-3.6%), from €5.3m to €5.2m
of which Land and buildings: -€135,771
- Cash -€110,139
down €110,139 (-8.8%), from €1.3m to €1.1m
mainly Investment in fixed assets (net) (-€327,288) and Receivables within one year (-€293,514)
Equity and liabilities
- Trade debts +€272,285
up €272,285 (+63.6%), from €428,406 to €700,691
- Tax, wage and social debts -€137,326
down €137,326 (-24.0%), from €573,102 to €435,776
of which Taxes: -€212,782
Income statement
- Services and other goods +€1.3m
up €1.3m (+64.6%), from €2.1m to €3.4m
- Goods and materials -€921,207
down €921,207 (-17.2%), from €5.4m to €4.4m
of which Purchases: -€868,501
- Staff costs +€207,894
up €207,894 (+7.4%), from €2.8m to €3.0m
- Turnover +€179,808
up €179,808 (+1.6%), from €11.1m to €11.2m
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.
Result 2024
€282,080
Turnover
+€179,808
Other operating income
+€1,410
Goods and materials
+€921,207
Services and other goods
-€1.3m
Staff costs
-€207,894
Depreciation
+€7,658
Write-downs
-€18,493
Other operating charges
-€13,313
Other operating items
+€140,417
Financial income
+€382
Financial charges
-€63,087
Taxes
+€104,778
Result 2025
€2,075
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.
From operations
+€157,678
Investment
-€327,288
Financing
+€59,471
Cash 2024
€1.3m
From operations (derived)
+€157,678
Net result for the year
+€2,075
Depreciation
+€515,190
Stocks and contracts
-€218,703
Receivables within one year
-€293,514
Trade debts
+€272,285
Tax, wage and social debts
-€137,326
Other debts
+€17,671
Investment (derived)
-€327,288
Investment in fixed assets (net)
-€327,288
Financing
+€59,471
Debts after one year
+€59,471
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,279,354 | €9,493,530 | +€214,175 | +2.3% |
| Fixed assets | 21/28 | €5,382,894 | €5,194,992 | -€187,902 | -3.5% |
| Intangible fixed assets | 21 | €6,271 | €10,858 | +€4,587 | +73.2% |
| Tangible fixed assets | 22/27 | €5,342,413 | €5,151,928 | -€190,484 | -3.6% |
| Land and buildings | 22 | €3,639,060 | €3,503,289 | -€135,771 | -3.7% |
| Plant, machinery and equipment | 23 | €1,488,889 | €1,474,084 | -€14,804 | -1.0% |
| Furniture and vehicles | 24 | €123,957 | €111,524 | -€12,432 | -10.0% |
| Assets under construction and advance payments | 27 | €90,507 | €63,031 | -€27,476 | -30.4% |
| Financial fixed assets | 28 | €34,211 | €32,206 | -€2,005 | -5.9% |
| Affiliated companies | 280/1 | €33,776 | €31,771 | -€2,005 | -5.9% |
| Participating interests | 280 | €31,771 | €31,771 | = | 0.0% |
| Amounts receivable | 281 | €2,005 | - | -€2,005 | |
| Other financial fixed assets | 284/8 | €435 | €435 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €435 | €435 | = | 0.0% |
| Current assets | 29/58 | €3,896,461 | €4,298,538 | +€402,077 | +10.3% |
| Stocks and contracts in progress | 3 | €651,129 | €869,831 | +€218,703 | +33.6% |
| Stocks | 30/36 | €651,129 | €869,831 | +€218,703 | +33.6% |
| Raw materials and consumables | 30/31 | €223,102 | €231,051 | +€7,949 | +3.6% |
| Finished goods | 33 | €388,827 | €537,132 | +€148,305 | +38.1% |
| Goods purchased for resale | 34 | €39,200 | €101,648 | +€62,449 | +159.3% |
| Amounts receivable within one year | 40/41 | €1,988,872 | €2,282,387 | +€293,514 | +14.8% |
| Trade receivables | 40 | €1,988,872 | €2,265,627 | +€276,754 | +13.9% |
| Other amounts receivable | 41 | - | €16,760 | +€16,760 | |
| Cash at bank and in hand | 54/58 | €1,256,458 | €1,146,319 | -€110,139 | -8.8% |
| Deferred charges and accrued income | 490/1 | €1 | €1 | = | 0.0% |
| Total equity and liabilities | 10/49 | €9,279,354 | €9,493,530 | +€214,175 | +2.3% |
| Equity | 10/15 | €7,627,846 | €7,629,921 | +€2,075 | 0.0% |
| Contributions | 10/11 | €2,504,000 | €2,504,000 | = | 0.0% |
| Capital | 10 | €2,504,000 | €2,504,000 | = | 0.0% |
| Issued capital | 100 | €2,504,000 | €2,504,000 | = | 0.0% |
| Reserves | 13 | €5,123,846 | €5,125,921 | +€2,075 | 0.0% |
| Non-distributable reserves | 130/1 | €250,400 | €250,400 | = | 0.0% |
| Legal reserve | 130 | €250,400 | €250,400 | = | 0.0% |
| Distributable reserves | 133 | €4,873,446 | €4,875,521 | +€2,075 | 0.0% |
| Amounts payable | 17/49 | €1,651,509 | €1,863,609 | +€212,100 | +12.8% |
| Amounts payable after more than one year | 17 | €650,000 | €709,471 | +€59,471 | +9.1% |
| Financial debts | 170/4 | €650,000 | €709,471 | +€59,471 | +9.1% |
| Other loans | 174 | €650,000 | €709,471 | +€59,471 | +9.1% |
| Amounts payable within one year | 42/48 | €1,001,509 | €1,154,138 | +€152,630 | +15.2% |
| Trade debts | 44 | €428,406 | €700,691 | +€272,285 | +63.6% |
| Suppliers | 440/4 | €428,406 | €700,691 | +€272,285 | +63.6% |
| Taxes, remuneration and social security | 45 | €573,102 | €435,776 | -€137,326 | -24.0% |
| Taxes | 450/3 | €212,782 | - | -€212,782 | |
| Remuneration and social security | 454/9 | €360,320 | €435,776 | +€75,456 | +20.9% |
| Other amounts payable | 47/48 | - | €17,671 | +€17,671 | |
| Operating income | 70/76A | €11,225,649 | €11,547,283 | +€321,635 | +2.9% |
| Turnover | 70 | €11,067,894 | €11,247,701 | +€179,808 | +1.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €7,888 | €148,305 | +€140,417 | +1780.2% |
| Other operating income | 74 | €149,867 | €151,277 | +€1,410 | +0.9% |
| Operating charges | 60/66A | €10,850,329 | €11,494,042 | +€643,713 | +5.9% |
| Goods for resale, raw materials and consumables | 60 | €5,362,218 | €4,441,011 | -€921,207 | -17.2% |
| Purchases | 600/8 | €5,379,910 | €4,511,409 | -€868,501 | -16.1% |
| Change in stocks: decrease (increase) | 609 | -€17,692 | -€70,398 | -€52,705 | -297.9% |
| Services and other goods | 61 | €2,061,963 | €3,394,840 | +€1.3m | +64.6% |
| Remuneration, social security and pensions | 62 | €2,817,012 | €3,024,906 | +€207,894 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €522,848 | €515,190 | -€7,658 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,493 | +€18,493 | |
| Other operating charges | 640/8 | €86,289 | €99,602 | +€13,313 | +15.4% |
| Operating profit (loss) | 9901 | €375,320 | €53,242 | -€322,078 | -85.8% |
| Financial income | 75/76B | €72,979 | €73,362 | +€382 | +0.5% |
| Recurring financial income | 75 | €72,979 | €73,362 | +€382 | +0.5% |
| Income from current assets | 751 | - | €4,751 | +€4,751 | |
| Other financial income | 752/9 | €72,979 | €68,611 | -€4,369 | -6.0% |
| Financial charges | 65/66B | €33,918 | €97,005 | +€63,087 | +186.0% |
| Recurring financial charges | 65 | €33,918 | €97,005 | +€63,087 | +186.0% |
| Debt charges | 650 | €8,017 | €27,976 | +€19,958 | +248.9% |
| Other financial charges | 652/9 | €25,901 | €69,030 | +€43,129 | +166.5% |
| Profit (loss) for the period before taxes | 9903 | €414,381 | €29,598 | -€384,783 | -92.9% |
| Income taxes | 67/77 | €132,301 | €27,523 | -€104,778 | -79.2% |
| Taxes | 670/3 | €132,301 | €27,523 | -€104,778 | -79.2% |
| Profit (loss) for the period | 9904 | €282,080 | €2,075 | -€280,005 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €282,080 | €2,075 | -€280,005 | -99.3% |
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 6 October 2026 via checked.be.