NN VEST: 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.
NN VEST
Largest movements
- Receivables within one year +€14,437
up €14,437 (+163%), from €8,872 to €23,308
- Tangible fixed assets +€11,826
up €11,826 (+22.6%), from €52,380 to €64,206
- Cash -€2,845
down €2,845 (-32.0%), from €8,902 to €6,057
mainly Investment in fixed assets (net) (-€23,413) and Receivables within one year (-€14,437)
- Deferred charges and accrued income -€1,210
down €1,210 (-57.5%), from €2,103 to €893
- Reserves +€11,189
up €11,189 (+264%), from €4,236 to €15,425
- Debts after one year +€7,599
up €7,599 (+19.9%), from €38,267 to €45,865
- Other debts +€1,887
up €1,887 (+22.4%), from €8,436 to €10,322
- Tax, wage and social debts +€1,261
up €1,261 (+19.2%), from €6,575 to €7,836
of which Taxes: +€1,261
- Gross operating margin +€10,420
up €10,420 (+52.4%), from €19,903 to €30,323
- Taxes +€2,259
up €2,259 (+246%), from €918 to €3,177
- Depreciation -€1,653
down €1,653 (-12.5%), from €13,240 to €11,587
- Financial charges +€823
up €823 (+24.4%), from €3,367 to €4,191
- Other operating charges -€360
down €360 (-66.7%), from €539 to €179
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 | €72,257 | €94,464 | +€22,208 | +30.7% |
| Fixed assets | 21/28 | €52,380 | €64,206 | +€11,826 | +22.6% |
| Tangible fixed assets | 22/27 | €52,380 | €64,206 | +€11,826 | +22.6% |
| Furniture and vehicles | 24 | €52,380 | €64,206 | +€11,826 | +22.6% |
| Current assets | 29/58 | €19,877 | €30,258 | +€10,381 | +52.2% |
| Amounts receivable within one year | 40/41 | €8,872 | €23,308 | +€14,437 | +163% |
| Trade receivables | 40 | €8,872 | €23,308 | +€14,437 | +163% |
| Cash at bank and in hand | 54/58 | €8,902 | €6,057 | -€2,845 | -32.0% |
| Deferred charges and accrued income | 490/1 | €2,103 | €893 | -€1,210 | -57.5% |
| Total equity and liabilities | 10/49 | €72,257 | €94,464 | +€22,208 | +30.7% |
| Equity | 10/15 | €5,236 | €16,425 | +€11,189 | +214% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €4,236 | €15,425 | +€11,189 | +264% |
| Distributable reserves | 133 | €4,236 | €15,425 | +€11,189 | +264% |
| Amounts payable | 17/49 | €67,021 | €78,039 | +€11,019 | +16.4% |
| Amounts payable after more than one year | 17 | €38,267 | €45,865 | +€7,599 | +19.9% |
| Financial debts | 170/4 | €38,267 | €45,865 | +€7,599 | +19.9% |
| Amounts payable within one year | 42/48 | €28,754 | €32,174 | +€3,420 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €13,120 | €13,102 | -€18 | -0.1% |
| Trade debts | 44 | €624 | €914 | +€290 | +46.5% |
| Suppliers | 440/4 | €624 | €914 | +€290 | +46.5% |
| Taxes, remuneration and social security | 45 | €6,575 | €7,836 | +€1,261 | +19.2% |
| Taxes | 450/3 | €4,775 | €6,036 | +€1,261 | +26.4% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €8,436 | €10,322 | +€1,887 | +22.4% |
| Non-recurring operating income | 76A | - | €3,819 | +€3,819 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,240 | €11,587 | -€1,653 | -12.5% |
| Other operating charges | 640/8 | €539 | €179 | -€360 | -66.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €19,903 | €30,323 | +€10,420 | +52.4% |
| Operating profit (loss) | 9901 | €6,124 | €18,556 | +€12,432 | +203% |
| Financial income | 75/76B | €70 | €0 | -€70 | -99.6% |
| Recurring financial income | 75 | €70 | €0 | -€70 | -99.6% |
| Financial charges | 65/66B | €3,367 | €4,191 | +€823 | +24.4% |
| Recurring financial charges | 65 | €3,367 | €4,191 | +€823 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €2,827 | €14,366 | +€11,539 | +408% |
| Income taxes | 67/77 | €918 | €3,177 | +€2,259 | +246% |
| Profit (loss) for the period | 9904 | €1,909 | €11,189 | +€9,281 | +486% |
| Profit (loss) for the period to be appropriated | 9905 | €1,909 | €11,189 | +€9,281 | +486% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.