NERVI: 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.
NERVI
Largest movements
- Tangible fixed assets -€13,854
down €13,854 (-4.2%), from €326,299 to €312,444
of which Land and buildings: -€13,454
- Other debts -€299,297
down €299,297 (-96.5%), from €310,278 to €10,980
- Debts after one year +€295,000
up €295,000 (+368.8%), from €80,000 to €375,000
- Profit (loss) carried forward -€9,492
down €9,492 (-17.5%), from €54,192 to €44,700
- Gross operating margin -€6,179
down €6,179 (-30.2%), from €20,438 to €14,258
- Financial charges +€4,384
up €4,384 (+4812.6%), from €91 to €4,475
- Other operating charges +€1,262
up €1,262 (+30.3%), from €4,159 to €5,421
- Depreciation -€722
down €722 (-5.0%), from €14,576 to €13,854
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €532,672 | €517,503 | -€15,169 | -2.8% |
| Fixed assets | 21/28 | €326,393 | €312,538 | -€13,854 | -4.2% |
| Tangible fixed assets | 22/27 | €326,299 | €312,444 | -€13,854 | -4.2% |
| Land and buildings | 22 | €320,183 | €306,729 | -€13,454 | -4.2% |
| Plant, machinery and equipment | 23 | €2,933 | €2,533 | -€400 | -13.6% |
| Furniture and vehicles | 24 | €3,182 | €3,182 | = | 0.0% |
| Financial fixed assets | 28 | €94 | €94 | = | 0.0% |
| Current assets | 29/58 | €206,279 | €204,965 | -€1,314 | -0.6% |
| Amounts receivable within one year | 40/41 | €205,436 | €204,635 | -€801 | -0.4% |
| Trade receivables | 40 | €3,207 | €3,207 | = | 0.0% |
| Other amounts receivable | 41 | €202,229 | €201,429 | -€801 | -0.4% |
| Cash at bank and in hand | 54/58 | €295 | €330 | +€35 | +11.7% |
| Deferred charges and accrued income | 490/1 | €548 | - | -€548 | |
| Total equity and liabilities | 10/49 | €532,672 | €517,503 | -€15,169 | -2.8% |
| Equity | 10/15 | €139,390 | €129,898 | -€9,492 | -6.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €23,197 | €23,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,066 | €12,066 | = | 0.0% |
| Distributable reserves | 133 | €4,931 | €4,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,192 | €44,700 | -€9,492 | -17.5% |
| Amounts payable | 17/49 | €393,282 | €387,606 | -€5,677 | -1.4% |
| Amounts payable after more than one year | 17 | €80,000 | €375,000 | +€295,000 | +368.8% |
| Financial debts | 170/4 | €80,000 | €375,000 | +€295,000 | +368.8% |
| Amounts payable within one year | 42/48 | €313,282 | €12,606 | -€300,677 | -96.0% |
| Financial debts | 43 | €849 | - | -€849 | |
| Credit institutions | 430/8 | €849 | - | -€849 | |
| Trade debts | 44 | €1,459 | €1,420 | -€39 | -2.7% |
| Suppliers | 440/4 | €1,459 | €1,420 | -€39 | -2.7% |
| Taxes, remuneration and social security | 45 | €697 | €206 | -€491 | -70.5% |
| Taxes | 450/3 | €697 | €206 | -€491 | -70.5% |
| Other amounts payable | 47/48 | €310,278 | €10,980 | -€299,297 | -96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,576 | €13,854 | -€722 | -5.0% |
| Other operating charges | 640/8 | €4,159 | €5,421 | +€1,262 | +30.3% |
| Gross operating margin | 9900 | €20,438 | €14,258 | -€6,179 | -30.2% |
| Operating profit (loss) | 9901 | €1,702 | -€5,017 | -€6,719 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €91 | €4,475 | +€4,384 | +4812.6% |
| Recurring financial charges | 65 | €91 | €4,475 | +€4,384 | +4812.6% |
| Profit (loss) for the period before taxes | 9903 | €1,612 | -€9,492 | -€11,104 | |
| Income taxes | 67/77 | €82 | - | -€82 | |
| Profit (loss) for the period | 9904 | €1,529 | -€9,492 | -€11,021 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,529 | -€9,492 | -€11,021 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.