Nevaloo: 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.
Nevaloo
Largest movements
- Cash +€131,018
up €131,018 (+35.0%), from €374,307 to €505,325
mainly Net result for the year (+€204,216) and Depreciation (+€14,169)
- Current investments +€62,000
up €62,000 (+35.6%), from €173,999 to €235,999
- Receivables within one year +€9,308
up €9,308 (+48.9%), from €19,035 to €28,343
of which Other amounts receivable: +€4,808
- Reserves +€204,150
up €204,150 (+30.7%), from €664,460 to €868,610
- Gross operating margin +€19,335
up €19,335 (+6.6%), from €291,855 to €311,190
- Taxes +€7,736
up €7,736 (+9.1%), from €85,427 to €93,163
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 | €706,859 | €916,727 | +€209,868 | +29.7% |
| Fixed assets | 21/28 | €48,530 | €48,989 | +€459 | +0.9% |
| Tangible fixed assets | 22/27 | €48,101 | €48,560 | +€459 | +1.0% |
| Plant, machinery and equipment | 23 | - | €1,082 | +€1,082 | |
| Furniture and vehicles | 24 | €42,208 | €35,455 | -€6,753 | -16.0% |
| Other tangible fixed assets | 26 | €5,893 | €12,023 | +€6,130 | +104.0% |
| Financial fixed assets | 28 | €429 | €429 | = | 0.0% |
| Current assets | 29/58 | €658,329 | €867,737 | +€209,408 | +31.8% |
| Amounts receivable within one year | 40/41 | €19,035 | €28,343 | +€9,308 | +48.9% |
| Trade receivables | 40 | - | €4,500 | +€4,500 | |
| Other amounts receivable | 41 | €19,035 | €23,843 | +€4,808 | +25.3% |
| Current investments | 50/53 | €173,999 | €235,999 | +€62,000 | +35.6% |
| Cash at bank and in hand | 54/58 | €374,307 | €505,325 | +€131,018 | +35.0% |
| Deferred charges and accrued income | 490/1 | €90,989 | €98,071 | +€7,082 | +7.8% |
| Total equity and liabilities | 10/49 | €706,859 | €916,727 | +€209,868 | +29.7% |
| Equity | 10/15 | €682,893 | €887,109 | +€204,216 | +29.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €664,460 | €868,610 | +€204,150 | +30.7% |
| Distributable reserves | 133 | €664,460 | €868,610 | +€204,150 | +30.7% |
| Profit (loss) carried forward | 14 | €6,033 | €6,099 | +€66 | +1.1% |
| Amounts payable | 17/49 | €23,966 | €29,617 | +€5,651 | +23.6% |
| Amounts payable within one year | 42/48 | €23,966 | €29,617 | +€5,651 | +23.6% |
| Trade debts | 44 | €1,680 | €3,524 | +€1,844 | +109.8% |
| Suppliers | 440/4 | €1,680 | €3,524 | +€1,844 | +109.8% |
| Taxes, remuneration and social security | 45 | €22,286 | €24,718 | +€2,432 | +10.9% |
| Taxes | 450/3 | €22,286 | €24,718 | +€2,432 | +10.9% |
| Other amounts payable | 47/48 | €0 | €1,375 | +€1,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,714 | €14,169 | +€455 | +3.3% |
| Other operating charges | 640/8 | €1,753 | €1,480 | -€273 | -15.6% |
| Gross operating margin | 9900 | €291,855 | €311,190 | +€19,335 | +6.6% |
| Operating profit (loss) | 9901 | €276,388 | €295,542 | +€19,154 | +6.9% |
| Financial income | 75/76B | €1,543 | €2,452 | +€908 | +58.9% |
| Recurring financial income | 75 | €1,543 | €2,452 | +€908 | +58.9% |
| Financial charges | 65/66B | €396 | €615 | +€218 | +55.1% |
| Recurring financial charges | 65 | €396 | €615 | +€218 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €277,535 | €297,379 | +€19,844 | +7.2% |
| Income taxes | 67/77 | €85,427 | €93,163 | +€7,736 | +9.1% |
| Profit (loss) for the period | 9904 | €192,109 | €204,216 | +€12,108 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €192,109 | €204,216 | +€12,108 | +6.3% |
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 4 October 2026 via checked.be.