NEVENCO: 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.
NEVENCO
Largest movements
- Current investments -€51,485
down €51,485 (-15.0%), from €342,864 to €291,378
- Financial fixed assets -€50,000
down €50,000 (-71.4%), from €70,000 to €20,000
- Receivables within one year -€44,625
down €44,625 (-91.7%), from €48,682 to €4,057
of which Other amounts receivable: -€44,625
- Cash +€32,183
up €32,183 (+2,692%), from €1,195 to €33,379
mainly Other debts (+€66,172) and Depreciation (+€54,716)
- Tangible fixed assets +€17,001
up €17,001 (+4.4%), from €386,063 to €403,065
of which Land and buildings: +€48,359
- Reserves -€92,620
down €92,620 (-18.6%), from €498,698 to €406,078
of which Tax-exempt reserves: -€92,620
- Other debts +€66,172
up €66,172 (+81.8%), from €80,851 to €147,023
- Debts after one year -€52,841
down €52,841 (-30.4%), from €174,006 to €121,165
- Profit (loss) carried forward -€11,201
down €11,201, from €0 to -€11,201
- Trade debts -€9,523
down €9,523 (-76.7%), from €12,419 to €2,896
- Gross operating margin -€91,521
down €91,521, from €61,859 to -€29,662
- Financial income -€18,469
down €18,469 (-56.7%), from €32,557 to €14,088
- Depreciation +€8,127
up €8,127 (+17.4%), from €46,589 to €54,716
- Other operating charges +€5,654
up €5,654 (+31.8%), from €17,804 to €23,458
- Taxes +€3,326
up €3,326 (+117%), from €2,843 to €6,170
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 | €848,804 | €756,555 | -€92,249 | -10.9% |
| Fixed assets | 21/28 | €456,063 | €423,065 | -€32,999 | -7.2% |
| Tangible fixed assets | 22/27 | €386,063 | €403,065 | +€17,001 | +4.4% |
| Land and buildings | 22 | €272,533 | €320,892 | +€48,359 | +17.7% |
| Plant, machinery and equipment | 23 | - | €1,947 | +€1,947 | |
| Furniture and vehicles | 24 | €38,704 | €33,440 | -€5,264 | -13.6% |
| Leasing and similar rights | 25 | €74,827 | €46,786 | -€28,041 | -37.5% |
| Financial fixed assets | 28 | €70,000 | €20,000 | -€50,000 | -71.4% |
| Current assets | 29/58 | €392,741 | €333,490 | -€59,251 | -15.1% |
| Amounts receivable within one year | 40/41 | €48,682 | €4,057 | -€44,625 | -91.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €48,682 | €4,057 | -€44,625 | -91.7% |
| Current investments | 50/53 | €342,864 | €291,378 | -€51,485 | -15.0% |
| Cash at bank and in hand | 54/58 | €1,195 | €33,379 | +€32,183 | +2,692% |
| Deferred charges and accrued income | 490/1 | - | €4,677 | +€4,677 | |
| Total equity and liabilities | 10/49 | €848,804 | €756,555 | -€92,249 | -10.9% |
| Equity | 10/15 | €517,298 | €413,477 | -€103,821 | -20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €498,698 | €406,078 | -€92,620 | -18.6% |
| Tax-exempt reserves | 132 | €92,620 | €0 | -€92,620 | -100% |
| Distributable reserves | 133 | €406,078 | €406,078 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€11,201 | -€11,201 | |
| Amounts payable | 17/49 | €331,507 | €343,078 | +€11,572 | +3.5% |
| Amounts payable after more than one year | 17 | €174,006 | €121,165 | -€52,841 | -30.4% |
| Financial debts | 170/4 | €174,006 | €121,165 | -€52,841 | -30.4% |
| Amounts payable within one year | 42/48 | €157,501 | €221,913 | +€64,412 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | €51,968 | €52,841 | +€872 | +1.7% |
| Trade debts | 44 | €12,419 | €2,896 | -€9,523 | -76.7% |
| Suppliers | 440/4 | €12,419 | €2,896 | -€9,523 | -76.7% |
| Taxes, remuneration and social security | 45 | €12,263 | €19,153 | +€6,891 | +56.2% |
| Taxes | 450/3 | €12,263 | €19,153 | +€6,891 | +56.2% |
| Other amounts payable | 47/48 | €80,851 | €147,023 | +€66,172 | +81.8% |
| Non-recurring operating income | 76A | - | €115 | +€115 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,589 | €54,716 | +€8,127 | +17.4% |
| Other operating charges | 640/8 | €17,804 | €23,458 | +€5,654 | +31.8% |
| Gross operating margin | 9900 | €61,859 | -€29,662 | -€91,521 | |
| Operating profit (loss) | 9901 | -€2,533 | -€107,836 | -€105,302 | -4,157% |
| Financial income | 75/76B | €32,557 | €14,088 | -€18,469 | -56.7% |
| Recurring financial income | 75 | €32,557 | €14,088 | -€18,469 | -56.7% |
| Financial charges | 65/66B | €4,479 | €3,903 | -€576 | -12.9% |
| Recurring financial charges | 65 | €4,479 | €3,903 | -€576 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €25,544 | -€97,651 | -€123,195 | |
| Income taxes | 67/77 | €2,843 | €6,170 | +€3,326 | +117% |
| Profit (loss) for the period | 9904 | €22,701 | -€103,821 | -€126,521 | |
| Transfer from tax-exempt reserves | 789 | €0 | €92,620 | +€92,620 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,701 | -€11,201 | -€33,901 |
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 20 October 2026 via checked.be.