NIRVAN: 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.
NIRVAN
Largest movements
- Stocks and contracts +€688,529
up €688,529 (+153.7%), from €447,961 to €1.1m
- Receivables within one year -€282,686
down €282,686 (-63.3%), from €446,242 to €163,557
of which Other amounts receivable: -€231,611
- Tangible fixed assets +€36,550
up €36,550 (+100.7%), from €36,283 to €72,833
- Cash -€14,702
down €14,702 (-44.5%), from €33,019 to €18,317
mainly Stocks and contracts (-€688,529) and Investment in fixed assets (net) (-€54,239)
- Trade debts +€271,934
up €271,934 (+78.0%), from €348,589 to €620,523
- Profit (loss) carried forward +€126,241
up €126,241 (+96.6%), from €130,652 to €256,893
- Tax, wage and social debts +€60,779
up €60,779 (+124.7%), from €48,744 to €109,523
of which Remuneration and social security: +€53,223
- Other debts -€30,908
down €30,908 (-27.0%), from €114,480 to €83,572
- Gross operating margin +€367,597
up €367,597, from -€28,079 to €339,518
- Other operating charges +€62,378
up €62,378 (+864.1%), from €7,219 to €69,597
- Staff costs +€42,825
up €42,825 (+57.4%), from €74,578 to €117,403
- Taxes +€8,170
new in 2024: €8,170
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €963,923 | €1,391,969 | +€428,046 | +44.4% |
| Fixed assets | 21/28 | €36,283 | €72,833 | +€36,550 | +100.7% |
| Tangible fixed assets | 22/27 | €36,283 | €72,833 | +€36,550 | +100.7% |
| Furniture and vehicles | 24 | €36,283 | €72,833 | +€36,550 | +100.7% |
| Current assets | 29/58 | €927,640 | €1,319,135 | +€391,495 | +42.2% |
| Stocks and contracts in progress | 3 | €447,961 | €1,136,490 | +€688,529 | +153.7% |
| Stocks | 30/36 | €447,961 | €1,136,490 | +€688,529 | +153.7% |
| Amounts receivable within one year | 40/41 | €446,242 | €163,557 | -€282,686 | -63.3% |
| Trade receivables | 40 | €86,976 | €35,902 | -€51,075 | -58.7% |
| Other amounts receivable | 41 | €359,266 | €127,655 | -€231,611 | -64.5% |
| Cash at bank and in hand | 54/58 | €33,019 | €18,317 | -€14,702 | -44.5% |
| Deferred charges and accrued income | 490/1 | €418 | €771 | +€354 | +84.6% |
| Total equity and liabilities | 10/49 | €963,923 | €1,391,969 | +€428,046 | +44.4% |
| Equity | 10/15 | €152,110 | €278,351 | +€126,241 | +83.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €13,398 | €13,398 | = | 0.0% |
| Distributable reserves | 133 | €13,398 | €13,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,652 | €256,893 | +€126,241 | +96.6% |
| Provisions and deferred taxes | 16 | €300,000 | €300,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €300,000 | €300,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable | 17/49 | €511,813 | €813,618 | +€301,805 | +59.0% |
| Amounts payable within one year | 42/48 | €511,813 | €813,618 | +€301,805 | +59.0% |
| Trade debts | 44 | €348,589 | €620,523 | +€271,934 | +78.0% |
| Suppliers | 440/4 | €348,589 | €620,523 | +€271,934 | +78.0% |
| Taxes, remuneration and social security | 45 | €48,744 | €109,523 | +€60,779 | +124.7% |
| Taxes | 450/3 | €1,410 | €8,966 | +€7,556 | +536.0% |
| Remuneration and social security | 454/9 | €47,334 | €100,557 | +€53,223 | +112.4% |
| Other amounts payable | 47/48 | €114,480 | €83,572 | -€30,908 | -27.0% |
| Remuneration, social security and pensions | 62 | €74,578 | €117,403 | +€42,825 | +57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,604 | €17,688 | -€1,915 | -9.8% |
| Other operating charges | 640/8 | €7,219 | €69,597 | +€62,378 | +864.1% |
| Gross operating margin | 9900 | -€28,079 | €339,518 | +€367,597 | |
| Operating profit (loss) | 9901 | -€129,479 | €134,831 | +€264,310 | |
| Financial income | 75/76B | €26 | €4 | -€22 | -83.4% |
| Recurring financial income | 75 | €26 | €4 | -€22 | -83.4% |
| Financial charges | 65/66B | €349 | €423 | +€75 | +21.5% |
| Recurring financial charges | 65 | €349 | €423 | +€75 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | -€129,802 | €134,412 | +€264,213 | |
| Income taxes | 67/77 | - | €8,170 | +€8,170 | |
| Profit (loss) for the period | 9904 | -€129,802 | €126,241 | +€256,043 | |
| Profit (loss) for the period to be appropriated | 9905 | -€129,802 | €126,241 | +€256,043 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.