NEVAM: 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.
NEVAM
Largest movements
- Cash +€87,152
up €87,152 (+917%), from €9,508 to €96,660
mainly Other debts (+€73,524) and Depreciation (+€60,515)
- Tangible fixed assets -€56,340
down €56,340 (-4.7%), from €1.2m to €1.1m
of which Land and buildings: -€48,073
- Other debts +€73,524
up €73,524 (+19.6%), from €375,430 to €448,954
- Trade debts -€43,608
down €43,608 (-61.3%), from €71,143 to €27,535
- Tax, wage and social debts -€22,096
down €22,096 (-95.1%), from €23,235 to €1,140
- Profit (loss) carried forward +€15,219
up €15,219 (+3.2%), from €476,115 to €491,333
- Gross operating margin +€89,492
up €89,492 (+198%), from €45,117 to €134,609
- Other operating charges -€15,045
down €15,045 (-34.4%), from €43,691 to €28,646
- Depreciation +€8,584
up €8,584 (+16.5%), from €51,931 to €60,515
- Write-downs +€5,952
up €5,952, from -€5,952 to €0
- Financial income -€3,097
down €3,097 (-100%), from €3,097 to €0
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 | €1,270,989 | €1,290,821 | +€19,832 | +1.6% |
| Fixed assets | 21/28 | €1,201,962 | €1,145,623 | -€56,340 | -4.7% |
| Tangible fixed assets | 22/27 | €1,201,962 | €1,145,623 | -€56,340 | -4.7% |
| Land and buildings | 22 | €996,014 | €947,941 | -€48,073 | -4.8% |
| Other tangible fixed assets | 26 | €205,948 | €197,681 | -€8,267 | -4.0% |
| Current assets | 29/58 | €69,026 | €145,199 | +€76,172 | +110% |
| Amounts receivable within one year | 40/41 | €46,953 | €42,669 | -€4,284 | -9.1% |
| Trade receivables | 40 | €46,025 | €40,915 | -€5,111 | -11.1% |
| Other amounts receivable | 41 | €927 | €1,754 | +€827 | +89.2% |
| Cash at bank and in hand | 54/58 | €9,508 | €96,660 | +€87,152 | +917% |
| Deferred charges and accrued income | 490/1 | €12,565 | €5,870 | -€6,696 | -53.3% |
| Total equity and liabilities | 10/49 | €1,270,989 | €1,290,821 | +€19,832 | +1.6% |
| Equity | 10/15 | €795,232 | €810,451 | +€15,219 | +1.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €219,118 | €219,118 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €209,118 | €209,118 | = | 0.0% |
| Profit (loss) carried forward | 14 | €476,115 | €491,333 | +€15,219 | +3.2% |
| Amounts payable | 17/49 | €475,757 | €480,371 | +€4,614 | +1.0% |
| Amounts payable within one year | 42/48 | €469,809 | €477,629 | +€7,820 | +1.7% |
| Trade debts | 44 | €71,143 | €27,535 | -€43,608 | -61.3% |
| Suppliers | 440/4 | €71,143 | €27,535 | -€43,608 | -61.3% |
| Taxes, remuneration and social security | 45 | €23,235 | €1,140 | -€22,096 | -95.1% |
| Taxes | 450/3 | €23,235 | €1,140 | -€22,096 | -95.1% |
| Other amounts payable | 47/48 | €375,430 | €448,954 | +€73,524 | +19.6% |
| Accrued charges and deferred income | 492/3 | €5,948 | €2,742 | -€3,206 | -53.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,931 | €60,515 | +€8,584 | +16.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,952 | €0 | +€5,952 | |
| Other operating charges | 640/8 | €43,691 | €28,646 | -€15,045 | -34.4% |
| Gross operating margin | 9900 | €45,117 | €134,609 | +€89,492 | +198% |
| Operating profit (loss) | 9901 | -€44,553 | €45,449 | +€90,002 | |
| Financial income | 75/76B | €3,097 | €0 | -€3,097 | -100% |
| Recurring financial income | 75 | €3,097 | €0 | -€3,097 | -100% |
| Financial charges | 65/66B | €29,478 | €30,230 | +€752 | +2.6% |
| Recurring financial charges | 65 | €29,478 | €30,230 | +€752 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€70,934 | €15,219 | +€86,152 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€70,934 | €15,219 | +€86,152 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,934 | €15,219 | +€86,152 |
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 13 October 2026 via checked.be.