Nevadis: 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.
Nevadis
Largest movements
- Stocks and contracts -€551,848
down €551,848 (-100%), from €551,848 to €0
- Tangible fixed assets -€293,343
down €293,343 (-98.1%), from €299,158 to €5,815
of which Land and buildings: -€291,791
- Receivables after one year +€150,000
new in 2025: €150,000
- Cash -€38,485
down €38,485 (-89.9%), from €42,804 to €4,319
mainly Debts after one year (-€669,945) and Receivables after one year (-€150,000)
- Deferred charges and accrued income -€36,960
down €36,960 (-94.6%), from €39,075 to €2,115
- Debts after one year -€669,945
down €669,945 (-84.8%), from €789,945 to €120,000
- Other debts -€79,875
down €79,875 (-85.3%), from €93,587 to €13,712
- Profit (loss) carried forward +€56,669
up €56,669 (+307%), from €18,467 to €75,136
- Current portion of long-term debt -€26,634
down €26,634 (-100%), from €26,634 to €0
- Trade debts -€11,800
down €11,800 (-94.0%), from €12,550 to €750
- Gross operating margin +€63,357
up €63,357 (+107%), from €59,021 to €122,378
- Taxes +€11,570
up €11,570 (+5,004%), from €231 to €11,801
- Depreciation -€7,755
down €7,755 (-83.3%), from €9,307 to €1,552
- Financial charges -€3,842
down €3,842 (-7.5%), from €51,528 to €47,686
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 | €968,146 | €229,339 | -€738,807 | -76.3% |
| Fixed assets | 21/28 | €299,158 | €5,815 | -€293,343 | -98.1% |
| Tangible fixed assets | 22/27 | €299,158 | €5,815 | -€293,343 | -98.1% |
| Land and buildings | 22 | €291,791 | €0 | -€291,791 | -100% |
| Plant, machinery and equipment | 23 | €4,143 | €3,591 | -€552 | -13.3% |
| Furniture and vehicles | 24 | €1,151 | €401 | -€750 | -65.1% |
| Other tangible fixed assets | 26 | €2,073 | €1,823 | -€250 | -12.1% |
| Current assets | 29/58 | €668,988 | €223,523 | -€445,464 | -66.6% |
| Amounts receivable after more than one year | 29 | - | €150,000 | +€150,000 | |
| Trade receivables | 290 | - | €150,000 | +€150,000 | |
| Stocks and contracts in progress | 3 | €551,848 | €0 | -€551,848 | -100% |
| Stocks | 30/36 | €551,848 | €0 | -€551,848 | -100% |
| Amounts receivable within one year | 40/41 | €35,261 | €67,089 | +€31,828 | +90.3% |
| Trade receivables | 40 | €3,947 | €11,506 | +€7,559 | +191% |
| Other amounts receivable | 41 | €31,313 | €55,583 | +€24,269 | +77.5% |
| Cash at bank and in hand | 54/58 | €42,804 | €4,319 | -€38,485 | -89.9% |
| Deferred charges and accrued income | 490/1 | €39,075 | €2,115 | -€36,960 | -94.6% |
| Total equity and liabilities | 10/49 | €968,146 | €229,339 | -€738,807 | -76.3% |
| Equity | 10/15 | €21,467 | €78,136 | +€56,669 | +264% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,467 | €75,136 | +€56,669 | +307% |
| Amounts payable | 17/49 | €946,679 | €151,202 | -€795,476 | -84.0% |
| Amounts payable after more than one year | 17 | €789,945 | €120,000 | -€669,945 | -84.8% |
| Financial debts | 170/4 | €789,945 | €120,000 | -€669,945 | -84.8% |
| Amounts payable within one year | 42/48 | €147,751 | €31,202 | -€116,549 | -78.9% |
| Current portion of amounts payable after more than one year | 42 | €26,634 | €0 | -€26,634 | -100% |
| Financial debts | 43 | €807 | €511 | -€296 | -36.7% |
| Credit institutions | 430/8 | €807 | €511 | -€296 | -36.7% |
| Trade debts | 44 | €12,550 | €750 | -€11,800 | -94.0% |
| Suppliers | 440/4 | €12,550 | €750 | -€11,800 | -94.0% |
| Taxes, remuneration and social security | 45 | €14,173 | €16,230 | +€2,057 | +14.5% |
| Taxes | 450/3 | €14,173 | €16,230 | +€2,057 | +14.5% |
| Other amounts payable | 47/48 | €93,587 | €13,712 | -€79,875 | -85.3% |
| Accrued charges and deferred income | 492/3 | €8,982 | €0 | -€8,982 | -100% |
| Non-recurring operating income | 76A | - | €83,639 | +€83,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,307 | €1,552 | -€7,755 | -83.3% |
| Other operating charges | 640/8 | €4,103 | €4,238 | +€136 | +3.3% |
| Gross operating margin | 9900 | €59,021 | €122,378 | +€63,357 | +107% |
| Operating profit (loss) | 9901 | €45,612 | €116,588 | +€70,976 | +156% |
| Financial income | 75/76B | - | €401 | +€401 | |
| Recurring financial income | 75 | - | €401 | +€401 | |
| Financial charges | 65/66B | €51,528 | €47,686 | -€3,842 | -7.5% |
| Recurring financial charges | 65 | €51,528 | €47,686 | -€3,842 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,916 | €69,303 | +€75,219 | |
| Income taxes | 67/77 | €231 | €11,801 | +€11,570 | +5,004% |
| Profit (loss) for the period | 9904 | -€6,147 | €57,502 | +€63,649 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,147 | €57,502 | +€63,649 |
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 17 October 2026 via checked.be.