NSV & Co: 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.
NSV & Co
Largest movements
- Receivables within one year -€7,838
down €7,838 (-86.1%), from €9,106 to €1,268
of which Trade receivables: -€8,237
- Financial fixed assets +€5,700
up €5,700 (+2197.5%), from €259 to €5,959
- Tangible fixed assets -€1,253
down €1,253 (-18.2%), from €6,898 to €5,646
of which Plant, machinery and equipment: -€703
- Stocks and contracts +€1,248
up €1,248 (+13.8%), from €9,065 to €10,312
- Cash -€494
down €494 (-5.0%), from €9,800 to €9,306
mainly Other debts (-€10,434) and Investment in fixed assets (net) (-€5,700)
- Other debts -€10,434
down €10,434 (-34.2%), from €30,482 to €20,048
- Tax, wage and social debts +€7,104
up €7,104 (+210.8%), from €3,369 to €10,473
of which Remuneration and social security: +€4,677
- Trade debts +€575
up €575 (+11.4%), from €5,062 to €5,637
- Gross operating margin +€36,581
up €36,581 (+178.4%), from €20,505 to €57,086
- Staff costs +€30,701
up €30,701 (+141.8%), from €21,644 to €52,344
- Other operating charges -€2,385
down €2,385 (-74.9%), from €3,184 to €799
- Depreciation -€975
down €975 (-43.8%), from €2,227 to €1,253
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 | €35,996 | €33,497 | -€2,499 | -6.9% |
| Fixed assets | 21/28 | €7,157 | €11,605 | +€4,448 | +62.1% |
| Tangible fixed assets | 22/27 | €6,898 | €5,646 | -€1,253 | -18.2% |
| Plant, machinery and equipment | 23 | €6,323 | €5,620 | -€703 | -11.1% |
| Furniture and vehicles | 24 | €576 | €26 | -€550 | -95.6% |
| Financial fixed assets | 28 | €259 | €5,959 | +€5,700 | +2197.5% |
| Current assets | 29/58 | €28,839 | €21,892 | -€6,947 | -24.1% |
| Stocks and contracts in progress | 3 | €9,065 | €10,312 | +€1,248 | +13.8% |
| Stocks | 30/36 | €9,065 | €10,312 | +€1,248 | +13.8% |
| Amounts receivable within one year | 40/41 | €9,106 | €1,268 | -€7,838 | -86.1% |
| Trade receivables | 40 | €9,106 | €869 | -€8,237 | -90.5% |
| Other amounts receivable | 41 | €0 | €399 | +€399 | +1328966.7% |
| Cash at bank and in hand | 54/58 | €9,800 | €9,306 | -€494 | -5.0% |
| Deferred charges and accrued income | 490/1 | €868 | €1,005 | +€138 | +15.9% |
| Total equity and liabilities | 10/49 | €35,996 | €33,497 | -€2,499 | -6.9% |
| Equity | 10/15 | -€2,917 | -€2,661 | +€256 | +8.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,917 | -€7,661 | +€256 | +3.2% |
| Amounts payable | 17/49 | €38,913 | €36,158 | -€2,755 | -7.1% |
| Amounts payable within one year | 42/48 | €38,913 | €36,158 | -€2,755 | -7.1% |
| Trade debts | 44 | €5,062 | €5,637 | +€575 | +11.4% |
| Suppliers | 440/4 | €5,062 | €5,637 | +€575 | +11.4% |
| Taxes, remuneration and social security | 45 | €3,369 | €10,473 | +€7,104 | +210.8% |
| Taxes | 450/3 | €352 | €2,779 | +€2,427 | +688.5% |
| Remuneration and social security | 454/9 | €3,017 | €7,693 | +€4,677 | +155.0% |
| Other amounts payable | 47/48 | €30,482 | €20,048 | -€10,434 | -34.2% |
| Remuneration, social security and pensions | 62 | €21,644 | €52,344 | +€30,701 | +141.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,227 | €1,253 | -€975 | -43.8% |
| Other operating charges | 640/8 | €3,184 | €799 | -€2,385 | -74.9% |
| Non-recurring operating charges | 66A | - | €325 | +€325 | |
| Gross operating margin | 9900 | €20,505 | €57,086 | +€36,581 | +178.4% |
| Operating profit (loss) | 9901 | -€6,550 | €2,365 | +€8,916 | |
| Financial income | 75/76B | €402 | €93 | -€310 | -76.9% |
| Recurring financial income | 75 | €402 | €93 | -€310 | -76.9% |
| Financial charges | 65/66B | €1,769 | €2,202 | +€433 | +24.5% |
| Recurring financial charges | 65 | €1,769 | €2,202 | +€433 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,917 | €256 | +€8,173 | |
| Profit (loss) for the period | 9904 | -€7,917 | €256 | +€8,173 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,917 | €256 | +€8,173 |
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.