NIRVANA: 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.
NIRVANA
Largest movements
- Tangible fixed assets +€38,690
up €38,690 (+24.5%), from €157,951 to €196,642
of which Land and buildings: +€40,337
- Cash -€32,875
down €32,875 (-54.8%), from €59,995 to €27,120
mainly Investment in fixed assets (net) (-€53,570) and Trade debts (-€11,500)
- Receivables within one year +€4,599
up €4,599 (+35.4%), from €12,980 to €17,578
of which Trade receivables: +€3,207
- Trade debts -€11,500
down €11,500 (-100.0%), from €11,500 to €0
- Reserves +€10,837
up €10,837 (+7.5%), from €145,028 to €155,865
- Other debts +€10,782
up €10,782 (+19.7%), from €54,798 to €65,579
- Gross operating margin +€14,950
up €14,950 (+47.1%), from €31,761 to €46,711
- Taxes +€3,194
up €3,194 (+67.1%), from €4,761 to €7,955
- Depreciation +€3,071
up €3,071 (+26.0%), from €11,809 to €14,879
- Other operating charges +€571
up €571 (+23.9%), from €2,387 to €2,958
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.
Cash bridge derived
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 | €230,926 | €241,340 | +€10,414 | +4.5% |
| Fixed assets | 21/28 | €157,951 | €196,642 | +€38,690 | +24.5% |
| Tangible fixed assets | 22/27 | €157,951 | €196,642 | +€38,690 | +24.5% |
| Land and buildings | 22 | €150,940 | €191,277 | +€40,337 | +26.7% |
| Plant, machinery and equipment | 23 | €7,011 | €5,365 | -€1,647 | -23.5% |
| Current assets | 29/58 | €72,975 | €44,699 | -€28,276 | -38.7% |
| Amounts receivable within one year | 40/41 | €12,980 | €17,578 | +€4,599 | +35.4% |
| Trade receivables | 40 | €1,075 | €4,282 | +€3,207 | +298.3% |
| Other amounts receivable | 41 | €11,905 | €13,296 | +€1,392 | +11.7% |
| Cash at bank and in hand | 54/58 | €59,995 | €27,120 | -€32,875 | -54.8% |
| Total equity and liabilities | 10/49 | €230,926 | €241,340 | +€10,414 | +4.5% |
| Equity | 10/15 | €163,628 | €174,465 | +€10,837 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,028 | €155,865 | +€10,837 | +7.5% |
| Distributable reserves | 133 | €145,028 | €155,865 | +€10,837 | +7.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €67,298 | €66,875 | -€423 | -0.6% |
| Amounts payable within one year | 42/48 | €67,298 | €66,875 | -€423 | -0.6% |
| Trade debts | 44 | €11,500 | €0 | -€11,500 | -100.0% |
| Suppliers | 440/4 | €11,500 | €0 | -€11,500 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,000 | €1,296 | +€296 | +29.6% |
| Remuneration and social security | 454/9 | €1,000 | €1,296 | +€296 | +29.6% |
| Other amounts payable | 47/48 | €54,798 | €65,579 | +€10,782 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,809 | €14,879 | +€3,071 | +26.0% |
| Other operating charges | 640/8 | €2,387 | €2,958 | +€571 | +23.9% |
| Gross operating margin | 9900 | €31,761 | €46,711 | +€14,950 | +47.1% |
| Operating profit (loss) | 9901 | €17,565 | €28,874 | +€11,309 | +64.4% |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €109 | €67 | -€43 | -39.0% |
| Recurring financial charges | 65 | €109 | €67 | -€43 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €17,455 | €28,826 | +€11,370 | +65.1% |
| Income taxes | 67/77 | €4,761 | €7,955 | +€3,194 | +67.1% |
| Profit (loss) for the period | 9904 | €12,695 | €20,871 | +€8,176 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,695 | €20,871 | +€8,176 | +64.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.