NIRVANA CAPITAL: 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.
What changed
NIRVANA CAPITAL
NACE 56.111, Full-service restaurants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€726,567
2024 · €984,434-€257,868
Equity
€44.5m
2024 · €43.8m+€726,567
Cash
€1.2m
2024 · €671,959+€488,689
Balance sheet total
€50.9m
2024 · €50.3m+€619,127
Largest movements
Assets
- Receivables after one year -€2.2m
down €2.2m (-13.2%), from €16.5m to €14.3m
- Receivables within one year +€2.1m
up €2.1m (+20.5%), from €10.0m to €12.0m
of which Other amounts receivable: +€2.1m
Equity and liabilities
- Profit (loss) carried forward +€726,567
up €726,567 (+6.4%), from -€11.4m to -€10.7m
Income statement
- Financial charges +€2.9m
up €2.9m (+508.6%), from €578,654 to €3.5m
of which Financial charges: +€2.9m
- Financial income +€2.8m
up €2.8m (+153.2%), from €1.8m to €4.6m
of which Financial income: +€1.9m
- Depreciation +€74,588
up €74,588 (+574.8%), from €12,977 to €87,564
- Gross operating margin -€34,886
down €34,886, from €18,899 to -€15,987
- Taxes -€17,679
down €17,679 (-87.1%), from €20,302 to €2,624
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.
Result 2024
€984,434
Gross operating margin
-€34,886
Staff costs
-€8,756
Depreciation
-€74,588
Write-downs
+€1,116
Other operating charges
-€2,133
Financial income
+€2.8m
Financial charges
-€2.9m
Taxes
+€17,679
Result 2025
€726,567
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.
From operations
+€819,865
Investment
-€380,610
Financing
+€49,434
Cash 2024
€671,959
From operations (derived)
+€819,865
Net result for the year
+€726,567
Depreciation
+€87,564
Receivables after one year
+€2.2m
Stocks and contracts
+€73,632
Receivables within one year
-€2.1m
Deferred charges and accrued income
-€30,699
Trade debts
-€5,927
Tax, wage and social debts
-€5,270
Other debts
-€138,757
Accrued charges and deferred income
-€6,919
Investment (derived)
-€380,610
Investment in fixed assets (net)
-€560,480
Current investments
+€179,870
Financing
+€49,434
Debts after one year
+€7,624
Current portion of long-term debt
+€41,810
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,286,799 | €50,905,926 | +€619,127 | +1.2% |
| Fixed assets | 21/28 | €20,772,789 | €21,245,704 | +€472,915 | +2.3% |
| Tangible fixed assets | 22/27 | €47,447 | €552,975 | +€505,528 | +1065.5% |
| Land and buildings | 22 | - | €425,000 | +€425,000 | |
| Plant, machinery and equipment | 23 | €2,944 | €2,164 | -€780 | -26.5% |
| Furniture and vehicles | 24 | €40,278 | €123,601 | +€83,323 | +206.9% |
| Other tangible fixed assets | 26 | €4,225 | €2,209 | -€2,016 | -47.7% |
| Financial fixed assets | 28 | €20,725,342 | €20,692,729 | -€32,612 | -0.2% |
| Current assets | 29/58 | €29,514,010 | €29,660,222 | +€146,212 | +0.5% |
| Amounts receivable after more than one year | 29 | €16,468,524 | €14,298,269 | -€2.2m | -13.2% |
| Other amounts receivable | 291 | €16,468,524 | €14,298,269 | -€2.2m | -13.2% |
| Stocks and contracts in progress | 3 | €210,543 | €136,912 | -€73,632 | -35.0% |
| Stocks | 30/36 | €210,543 | €136,912 | -€73,632 | -35.0% |
| Amounts receivable within one year | 40/41 | €9,984,187 | €12,034,767 | +€2.1m | +20.5% |
| Trade receivables | 40 | €169,399 | €154,260 | -€15,139 | -8.9% |
| Other amounts receivable | 41 | €9,814,787 | €11,880,507 | +€2.1m | +21.0% |
| Current investments | 50/53 | €2,099,789 | €1,919,919 | -€179,870 | -8.6% |
| Cash at bank and in hand | 54/58 | €671,959 | €1,160,648 | +€488,689 | +72.7% |
| Deferred charges and accrued income | 490/1 | €79,008 | €109,707 | +€30,699 | +38.9% |
| Total equity and liabilities | 10/49 | €50,286,799 | €50,905,926 | +€619,127 | +1.2% |
| Equity | 10/15 | €43,763,188 | €44,489,755 | +€726,567 | +1.7% |
| Contributions | 10/11 | €55,156,000 | €55,156,000 | = | 0.0% |
| Reserves | 13 | €31,056 | €31,056 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,056 | €31,056 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,423,868 | -€10,697,301 | +€726,567 | +6.4% |
| Amounts payable | 17/49 | €6,523,610 | €6,416,171 | -€107,439 | -1.6% |
| Amounts payable after more than one year | 17 | €2,317,860 | €2,325,484 | +€7,624 | +0.3% |
| Financial debts | 170/4 | €317,860 | €695,484 | +€377,624 | +118.8% |
| Other amounts payable | 178/9 | €2,000,000 | €1,630,000 | -€370,000 | -18.5% |
| Amounts payable within one year | 42/48 | €4,103,762 | €3,995,618 | -€108,144 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €78,091 | €119,901 | +€41,810 | +53.5% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €113,625 | €107,697 | -€5,927 | -5.2% |
| Suppliers | 440/4 | €113,625 | €107,697 | -€5,927 | -5.2% |
| Taxes, remuneration and social security | 45 | €45,205 | €39,936 | -€5,270 | -11.7% |
| Taxes | 450/3 | €17,862 | €11,657 | -€6,205 | -34.7% |
| Remuneration and social security | 454/9 | €27,344 | €28,279 | +€935 | +3.4% |
| Other amounts payable | 47/48 | €3,866,840 | €3,728,084 | -€138,757 | -3.6% |
| Accrued charges and deferred income | 492/3 | €101,988 | €95,069 | -€6,919 | -6.8% |
| Non-recurring operating income | 76A | €168,236 | €14,091 | -€154,145 | -91.6% |
| Remuneration, social security and pensions | 62 | €233,075 | €241,831 | +€8,756 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,977 | €87,564 | +€74,588 | +574.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,116 | -€1,116 | |
| Other operating charges | 640/8 | €8,679 | €10,812 | +€2,133 | +24.6% |
| Gross operating margin | 9900 | €18,899 | -€15,987 | -€34,886 | |
| Operating profit (loss) | 9901 | -€235,832 | -€355,079 | -€119,247 | -50.6% |
| Financial income | 75/76B | €1,819,223 | €4,606,064 | +€2.8m | +153.2% |
| Recurring financial income | 75 | €1,819,223 | €3,708,410 | +€1.9m | +103.8% |
| Non-recurring financial income | 76B | - | €897,654 | +€897,654 | |
| Financial charges | 65/66B | €578,654 | €3,521,794 | +€2.9m | +508.6% |
| Recurring financial charges | 65 | €578,654 | €3,508,313 | +€2.9m | +506.3% |
| Non-recurring financial charges | 66B | €0 | €13,481 | +€13,481 | |
| Profit (loss) for the period before taxes | 9903 | €1,004,737 | €729,190 | -€275,546 | -27.4% |
| Income taxes | 67/77 | €20,302 | €2,624 | -€17,679 | -87.1% |
| Profit (loss) for the period | 9904 | €984,434 | €726,567 | -€257,868 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €984,434 | €726,567 | -€257,868 | -26.2% |
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 4 October 2026 via checked.be.