NEVRA: 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.
NEVRA
Largest movements
- Stocks and contracts -€1,650
down €1,650 (-6.5%), from €25,292 to €23,642
- Cash +€1,540
up €1,540 (+6.7%), from €23,040 to €24,580
mainly Stocks and contracts (+€1,650) and Net result for the year (+€12)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€1,042
down €1,042 (-38.6%), from €2,699 to €1,657
- Taxes -€211
down €211 (-91.8%), from €230 to €19
- Other operating charges -€43
down €43 (-3.2%), from €1,349 to €1,305
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 | €48,332 | €48,222 | -€110 | -0.2% |
| Current assets | 29/58 | €48,332 | €48,222 | -€110 | -0.2% |
| Stocks and contracts in progress | 3 | €25,292 | €23,642 | -€1,650 | -6.5% |
| Stocks | 30/36 | €25,292 | €23,642 | -€1,650 | -6.5% |
| Cash at bank and in hand | 54/58 | €23,040 | €24,580 | +€1,540 | +6.7% |
| Total equity and liabilities | 10/49 | €48,332 | €48,222 | -€110 | -0.2% |
| Equity | 10/15 | €46,604 | €46,616 | +€12 | 0.0% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,044 | €26,056 | +€12 | 0.0% |
| Amounts payable | 17/49 | €1,728 | €1,606 | -€122 | -7.1% |
| Amounts payable within one year | 42/48 | €1,728 | €1,606 | -€122 | -7.1% |
| Trade debts | 44 | €9 | - | -€9 | |
| Suppliers | 440/4 | €9 | - | -€9 | |
| Taxes, remuneration and social security | 45 | €1,719 | €1,606 | -€113 | -6.6% |
| Taxes | 450/3 | €1,719 | €1,606 | -€113 | -6.6% |
| Other operating charges | 640/8 | €1,349 | €1,305 | -€43 | -3.2% |
| Gross operating margin | 9900 | €2,699 | €1,657 | -€1,042 | -38.6% |
| Operating profit (loss) | 9901 | €1,351 | €352 | -€999 | -73.9% |
| Financial income | 75/76B | €7 | €5 | -€2 | -27.6% |
| Recurring financial income | 75 | €7 | €5 | -€2 | -27.6% |
| Financial charges | 65/66B | €302 | €326 | +€24 | +7.9% |
| Recurring financial charges | 65 | €302 | €326 | +€24 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €1,056 | €31 | -€1,025 | -97.1% |
| Income taxes | 67/77 | €230 | €19 | -€211 | -91.8% |
| Profit (loss) for the period | 9904 | €825 | €12 | -€813 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €825 | €12 | -€813 | -98.5% |
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 16 October 2026 via checked.be.