NEVINES: 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.
NEVINES
Largest movements
- Cash +€36,136
up €36,136 (+84.3%), from €42,870 to €79,006
mainly Net result for the year (+€44,503) and Tax, wage and social debts (+€4,811)
- Receivables within one year -€3,054
down €3,054 (-62.9%), from €4,857 to €1,803
of which Trade receivables: -€2,750
- Reserves +€44,503
up €44,503 (+168%), from €26,427 to €70,929
of which Distributable reserves: +€44,503
- Debts after one year -€13,061
down €13,061 (-11.5%), from €113,785 to €100,724
of which Financial debts: -€8,750
- Tax, wage and social debts +€4,811
up €4,811 (+209%), from €2,303 to €7,114
- Trade debts -€3,171
down €3,171 (-88.3%), from €3,590 to €419
- Gross operating margin +€51,311
up €51,311 (+16,017%), from €320 to €51,632
- Taxes +€4,438
up €4,438 (+35,559%), from €12 to €4,450
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 | €173,455 | €206,536 | +€33,081 | +19.1% |
| Fixed assets | 21/28 | €124,728 | €124,728 | = | 0.0% |
| Tangible fixed assets | 22/27 | €124,411 | €124,411 | = | 0.0% |
| Land and buildings | 22 | €43,188 | €43,188 | = | 0.0% |
| Furniture and vehicles | 24 | €743 | €743 | = | 0.0% |
| Other tangible fixed assets | 26 | €80,480 | €80,480 | = | 0.0% |
| Financial fixed assets | 28 | €317 | €317 | = | 0.0% |
| Current assets | 29/58 | €48,727 | €81,808 | +€33,081 | +67.9% |
| Amounts receivable within one year | 40/41 | €4,857 | €1,803 | -€3,054 | -62.9% |
| Trade receivables | 40 | €4,552 | €1,803 | -€2,750 | -60.4% |
| Other amounts receivable | 41 | €305 | - | -€305 | |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,870 | €79,006 | +€36,136 | +84.3% |
| Total equity and liabilities | 10/49 | €173,455 | €206,536 | +€33,081 | +19.1% |
| Equity | 10/15 | €45,027 | €89,529 | +€44,503 | +98.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,427 | €70,929 | +€44,503 | +168% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,337 | €1,337 | = | 0.0% |
| Distributable reserves | 133 | €23,230 | €67,733 | +€44,503 | +192% |
| Amounts payable | 17/49 | €128,428 | €117,007 | -€11,421 | -8.9% |
| Amounts payable after more than one year | 17 | €113,785 | €100,724 | -€13,061 | -11.5% |
| Financial debts | 170/4 | €62,708 | €53,958 | -€8,750 | -14.0% |
| Other amounts payable | 178/9 | €51,077 | €46,766 | -€4,311 | -8.4% |
| Amounts payable within one year | 42/48 | €14,643 | €16,283 | +€1,640 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €8,750 | €8,750 | = | 0.0% |
| Trade debts | 44 | €3,590 | €419 | -€3,171 | -88.3% |
| Suppliers | 440/4 | €3,590 | €419 | -€3,171 | -88.3% |
| Taxes, remuneration and social security | 45 | €2,303 | €7,114 | +€4,811 | +209% |
| Taxes | 450/3 | €2,303 | €7,114 | +€4,811 | +209% |
| Non-recurring operating income | 76A | - | €46,398 | +€46,398 | |
| Gross operating margin | 9900 | €320 | €51,632 | +€51,311 | +16,017% |
| Operating profit (loss) | 9901 | €320 | €51,632 | +€51,311 | +16,017% |
| Financial income | 75/76B | €53 | €10 | -€43 | -80.5% |
| Recurring financial income | 75 | €53 | €10 | -€43 | -80.5% |
| Financial charges | 65/66B | €3,066 | €2,689 | -€377 | -12.3% |
| Recurring financial charges | 65 | €3,066 | €2,689 | -€377 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,693 | €48,953 | +€51,646 | |
| Income taxes | 67/77 | €12 | €4,450 | +€4,438 | +35,559% |
| Profit (loss) for the period | 9904 | -€2,705 | €44,503 | +€47,208 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,705 | €44,503 | +€47,208 |
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 25 October 2026 via checked.be.