NEVECO: 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.
NEVECO
Largest movements
- Cash +€37,877
up €37,877 (+170%), from €22,299 to €60,176
mainly Net result for the year (+€33,436) and Depreciation (+€25,112)
- Tangible fixed assets -€25,112
down €25,112 (-13.1%), from €191,933 to €166,820
- Receivables within one year +€22,069
up €22,069 (+74.4%), from €29,643 to €51,712
- Reserves +€33,436
up €33,436 (+18.8%), from €177,606 to €211,043
of which Distributable reserves: +€33,436
- Gross operating margin -€7,323
down €7,323 (-10.0%), from €73,508 to €66,185
- Financial income +€1,804
up €1,804 (+681%), from €265 to €2,069
- Depreciation -€1,803
down €1,803 (-6.7%), from €26,915 to €25,112
- Financial charges -€857
down €857 (-21.6%), from €3,971 to €3,114
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 | €243,875 | €278,708 | +€34,833 | +14.3% |
| Fixed assets | 21/28 | €191,933 | €166,820 | -€25,112 | -13.1% |
| Tangible fixed assets | 22/27 | €191,933 | €166,820 | -€25,112 | -13.1% |
| Land and buildings | 22 | €191,933 | €166,820 | -€25,112 | -13.1% |
| Current assets | 29/58 | €51,942 | €111,888 | +€59,945 | +115% |
| Amounts receivable within one year | 40/41 | €29,643 | €51,712 | +€22,069 | +74.4% |
| Other amounts receivable | 41 | €29,643 | €51,712 | +€22,069 | +74.4% |
| Cash at bank and in hand | 54/58 | €22,299 | €60,176 | +€37,877 | +170% |
| Total equity and liabilities | 10/49 | €243,875 | €278,708 | +€34,833 | +14.3% |
| Equity | 10/15 | €197,606 | €231,043 | +€33,436 | +16.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €177,606 | €211,043 | +€33,436 | +18.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,714 | €33,714 | = | 0.0% |
| Distributable reserves | 133 | €141,893 | €175,329 | +€33,436 | +23.6% |
| Amounts payable | 17/49 | €46,269 | €47,665 | +€1,397 | +3.0% |
| Amounts payable within one year | 42/48 | €45,519 | €47,665 | +€2,147 | +4.7% |
| Trade debts | 44 | €605 | €755 | +€150 | +24.8% |
| Suppliers | 440/4 | €605 | €755 | +€150 | +24.8% |
| Other amounts payable | 47/48 | €44,914 | €46,910 | +€1,997 | +4.4% |
| Accrued charges and deferred income | 492/3 | €750 | €0 | -€750 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,915 | €25,112 | -€1,803 | -6.7% |
| Other operating charges | 640/8 | €6,397 | €6,592 | +€195 | +3.0% |
| Gross operating margin | 9900 | €73,508 | €66,185 | -€7,323 | -10.0% |
| Operating profit (loss) | 9901 | €40,196 | €34,481 | -€5,715 | -14.2% |
| Financial income | 75/76B | €265 | €2,069 | +€1,804 | +681% |
| Recurring financial income | 75 | €265 | €2,069 | +€1,804 | +681% |
| Financial charges | 65/66B | €3,971 | €3,114 | -€857 | -21.6% |
| Recurring financial charges | 65 | €3,971 | €3,114 | -€857 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €36,490 | €33,436 | -€3,054 | -8.4% |
| Profit (loss) for the period | 9904 | €36,490 | €33,436 | -€3,054 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,490 | €33,436 | -€3,054 | -8.4% |
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.