NEVADE: 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.
NEVADE
Largest movements
- Tangible fixed assets +€97,964
up €97,964 (+2809.2%), from €3,487 to €101,451
of which Land and buildings: +€99,408
- Cash +€12,241
up €12,241 (+29.7%), from €41,212 to €53,453
mainly Debts after one year (+€68,000) and Net result for the year (+€28,826)
- Receivables within one year +€5,841
up €5,841 (+37.7%), from €15,486 to €21,327
of which Trade receivables: +€5,638
- Debts after one year +€68,000
new in 2025: €68,000
- Reserves +€28,826
up €28,826 (+65.6%), from €43,910 to €72,735
- Current portion of long-term debt +€8,667
new in 2025: €8,667
- Tax, wage and social debts +€8,098
up €8,098 (+48.0%), from €16,886 to €24,984
- Trade debts +€2,509
up €2,509 (+1320.4%), from €190 to €2,699
- Depreciation +€15,293
up €15,293 (+1811.5%), from €844 to €16,137
- Taxes -€8,805
down €8,805 (-52.1%), from €16,886 to €8,081
- Gross operating margin -€6,924
down €6,924 (-11.2%), from €61,741 to €54,817
- Financial charges +€1,588
up €1,588 (+1573.9%), from €101 to €1,689
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 | €61,350 | €177,399 | +€116,050 | +189.2% |
| Fixed assets | 21/28 | €3,487 | €101,451 | +€97,964 | +2809.2% |
| Tangible fixed assets | 22/27 | €3,487 | €101,451 | +€97,964 | +2809.2% |
| Land and buildings | 22 | - | €99,408 | +€99,408 | |
| Furniture and vehicles | 24 | €3,487 | €2,043 | -€1,444 | -41.4% |
| Current assets | 29/58 | €57,862 | €75,948 | +€18,085 | +31.3% |
| Amounts receivable within one year | 40/41 | €15,486 | €21,327 | +€5,841 | +37.7% |
| Trade receivables | 40 | €15,008 | €20,646 | +€5,638 | +37.6% |
| Other amounts receivable | 41 | €478 | €681 | +€203 | +42.5% |
| Cash at bank and in hand | 54/58 | €41,212 | €53,453 | +€12,241 | +29.7% |
| Deferred charges and accrued income | 490/1 | €1,165 | €1,168 | +€3 | +0.3% |
| Total equity and liabilities | 10/49 | €61,350 | €177,399 | +€116,050 | +189.2% |
| Equity | 10/15 | €44,010 | €72,835 | +€28,826 | +65.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €43,910 | €72,735 | +€28,826 | +65.6% |
| Distributable reserves | 133 | €43,910 | €72,735 | +€28,826 | +65.6% |
| Amounts payable | 17/49 | €17,340 | €104,564 | +€87,224 | +503.0% |
| Amounts payable after more than one year | 17 | - | €68,000 | +€68,000 | |
| Financial debts | 170/4 | - | €68,000 | +€68,000 | |
| Amounts payable within one year | 42/48 | €17,340 | €36,349 | +€19,009 | +109.6% |
| Current portion of amounts payable after more than one year | 42 | - | €8,667 | +€8,667 | |
| Trade debts | 44 | €190 | €2,699 | +€2,509 | +1320.4% |
| Suppliers | 440/4 | €190 | €2,699 | +€2,509 | +1320.4% |
| Taxes, remuneration and social security | 45 | €16,886 | €24,984 | +€8,098 | +48.0% |
| Taxes | 450/3 | €16,886 | €24,984 | +€8,098 | +48.0% |
| Other amounts payable | 47/48 | €264 | - | -€264 | |
| Accrued charges and deferred income | 492/3 | - | €215 | +€215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €844 | €16,137 | +€15,293 | +1811.5% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €61,741 | €54,817 | -€6,924 | -11.2% |
| Operating profit (loss) | 9901 | €60,896 | €38,536 | -€22,361 | -36.7% |
| Financial income | 75/76B | €0 | €60 | +€60 | +600100.0% |
| Recurring financial income | 75 | €0 | €60 | +€60 | +600100.0% |
| Financial charges | 65/66B | €101 | €1,689 | +€1,588 | +1573.9% |
| Recurring financial charges | 65 | €101 | €1,689 | +€1,588 | +1573.9% |
| Profit (loss) for the period before taxes | 9903 | €60,796 | €36,907 | -€23,889 | -39.3% |
| Income taxes | 67/77 | €16,886 | €8,081 | -€8,805 | -52.1% |
| Profit (loss) for the period | 9904 | €43,910 | €28,826 | -€15,084 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,910 | €28,826 | -€15,084 | -34.4% |
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.