NEVCO: 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.
NEVCO
Largest movements
- Receivables within one year +€300,963
up €300,963 (+3109.1%), from €9,680 to €310,643
of which Other amounts receivable: +€160,076
- Tangible fixed assets +€56,346
new in 2025: €56,346
- Cash -€54,826
down €54,826 (-80.1%), from €68,469 to €13,643
mainly Receivables within one year (-€300,963) and Investment in fixed assets (net) (-€66,864)
- Debts after one year +€122,451
up €122,451 (+11.0%), from €1.1m to €1.2m
- Profit (loss) carried forward +€93,867
up €93,867, from -€4,210 to €89,657
- Other debts +€39,684
up €39,684 (+13.4%), from €295,627 to €335,311
- Tax, wage and social debts +€28,662
up €28,662 (+1218.5%), from €2,352 to €31,014
- Gross operating margin +€157,758
up €157,758 (+1134.2%), from €13,909 to €171,668
- Taxes +€28,922
new in 2025: €28,922
- Financial charges +€19,090
up €19,090 (+108.6%), from €17,575 to €36,665
- Depreciation +€10,594
up €10,594 (+1945.6%), from €545 to €11,138
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 | €1,578,769 | €1,881,090 | +€302,321 | +19.1% |
| Formation expenses | 20 | €620 | €0 | -€620 | -100.0% |
| Fixed assets | 21/28 | €1,500,000 | €1,556,346 | +€56,346 | +3.8% |
| Tangible fixed assets | 22/27 | - | €56,346 | +€56,346 | |
| Furniture and vehicles | 24 | - | €56,346 | +€56,346 | |
| Financial fixed assets | 28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Current assets | 29/58 | €78,149 | €324,744 | +€246,595 | +315.5% |
| Amounts receivable within one year | 40/41 | €9,680 | €310,643 | +€300,963 | +3109.1% |
| Trade receivables | 40 | €9,680 | €150,567 | +€140,887 | +1455.4% |
| Other amounts receivable | 41 | - | €160,076 | +€160,076 | |
| Cash at bank and in hand | 54/58 | €68,469 | €13,643 | -€54,826 | -80.1% |
| Deferred charges and accrued income | 490/1 | - | €458 | +€458 | |
| Total equity and liabilities | 10/49 | €1,578,769 | €1,881,090 | +€302,321 | +19.1% |
| Equity | 10/15 | €5,790 | €99,657 | +€93,867 | +1621.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,210 | €89,657 | +€93,867 | |
| Amounts payable | 17/49 | €1,572,979 | €1,781,433 | +€208,454 | +13.3% |
| Amounts payable after more than one year | 17 | €1,109,089 | €1,231,540 | +€122,451 | +11.0% |
| Financial debts | 170/4 | €1,109,089 | €1,231,540 | +€122,451 | +11.0% |
| Amounts payable within one year | 42/48 | €463,890 | €549,893 | +€86,003 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €165,911 | €170,932 | +€5,021 | +3.0% |
| Financial debts | 43 | - | €11,985 | +€11,985 | |
| Credit institutions | 430/8 | - | €11,985 | +€11,985 | |
| Trade debts | 44 | - | €650 | +€650 | |
| Suppliers | 440/4 | - | €650 | +€650 | |
| Taxes, remuneration and social security | 45 | €2,352 | €31,014 | +€28,662 | +1218.5% |
| Taxes | 450/3 | €2,352 | €31,014 | +€28,662 | +1218.5% |
| Other amounts payable | 47/48 | €295,627 | €335,311 | +€39,684 | +13.4% |
| Remuneration, social security and pensions | 62 | - | €1,168 | +€1,168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545 | €11,138 | +€10,594 | +1945.6% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €13,909 | €171,668 | +€157,758 | +1134.2% |
| Operating profit (loss) | 9901 | €13,365 | €159,261 | +€145,897 | +1091.7% |
| Financial income | 75/76B | - | €193 | +€193 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Non-recurring financial income | 76B | - | €177 | +€177 | |
| Financial charges | 65/66B | €17,575 | €36,665 | +€19,090 | +108.6% |
| Recurring financial charges | 65 | €17,575 | €36,665 | +€19,090 | +108.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,210 | €122,789 | +€126,999 | |
| Income taxes | 67/77 | - | €28,922 | +€28,922 | |
| Profit (loss) for the period | 9904 | -€4,210 | €93,867 | +€98,077 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,210 | €93,867 | +€98,077 |
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 1 October 2026 via checked.be.