NV ACADEMY: 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.
NV ACADEMY
Largest movements
- Receivables within one year +€16,791
up €16,791 (+42.9%), from €39,108 to €55,898
of which Other amounts receivable: +€13,580
- Tangible fixed assets -€15,882
down €15,882 (-17.0%), from €93,504 to €77,622
of which Furniture and vehicles: -€12,265
- Cash +€12,088
up €12,088 (+5.7%), from €211,201 to €223,289
mainly Net result for the year (+€55,484) and Depreciation (+€17,129)
- Reserves +€55,484
new in 2025: €55,484
- Other debts -€21,946
down €21,946 (-8.8%), from €248,255 to €226,308
- Tax, wage and social debts -€16,318
down €16,318 (-35.7%), from €45,737 to €29,419
- Debts after one year -€14,652
down €14,652 (-100%), from €14,652 to €0
- Trade debts +€10,000
up €10,000 (+54.9%), from €18,222 to €28,222
- Gross operating margin -€173,319
down €173,319 (-65.4%), from €265,060 to €91,741
- Taxes -€33,808
down €33,808 (-67.3%), from €50,228 to €16,420
- Depreciation +€9,911
up €9,911 (+137%), from €7,218 to €17,129
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 | €345,898 | €359,085 | +€13,187 | +3.8% |
| Fixed assets | 21/28 | €93,504 | €77,622 | -€15,882 | -17.0% |
| Tangible fixed assets | 22/27 | €93,504 | €77,622 | -€15,882 | -17.0% |
| Plant, machinery and equipment | 23 | €731 | €1,347 | +€616 | +84.2% |
| Furniture and vehicles | 24 | €54,071 | €41,806 | -€12,265 | -22.7% |
| Other tangible fixed assets | 26 | €38,701 | €34,469 | -€4,232 | -10.9% |
| Current assets | 29/58 | €252,395 | €281,463 | +€29,068 | +11.5% |
| Amounts receivable within one year | 40/41 | €39,108 | €55,898 | +€16,791 | +42.9% |
| Trade receivables | 40 | €39,108 | €42,319 | +€3,211 | +8.2% |
| Other amounts receivable | 41 | - | €13,580 | +€13,580 | |
| Cash at bank and in hand | 54/58 | €211,201 | €223,289 | +€12,088 | +5.7% |
| Deferred charges and accrued income | 490/1 | €2,086 | €2,276 | +€190 | +9.1% |
| Total equity and liabilities | 10/49 | €345,898 | €359,085 | +€13,187 | +3.8% |
| Equity | 10/15 | €5,000 | €60,484 | +€55,484 | +1,110% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €55,484 | +€55,484 | |
| Distributable reserves | 133 | - | €55,484 | +€55,484 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €340,898 | €298,601 | -€42,298 | -12.4% |
| Amounts payable after more than one year | 17 | €14,652 | €0 | -€14,652 | -100% |
| Financial debts | 170/4 | €14,652 | €0 | -€14,652 | -100% |
| Amounts payable within one year | 42/48 | €326,247 | €298,601 | -€27,646 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €14,033 | €14,652 | +€618 | +4.4% |
| Trade debts | 44 | €18,222 | €28,222 | +€10,000 | +54.9% |
| Suppliers | 440/4 | €18,222 | €28,222 | +€10,000 | +54.9% |
| Taxes, remuneration and social security | 45 | €45,737 | €29,419 | -€16,318 | -35.7% |
| Taxes | 450/3 | €45,737 | €29,419 | -€16,318 | -35.7% |
| Other amounts payable | 47/48 | €248,255 | €226,308 | -€21,946 | -8.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,218 | €17,129 | +€9,911 | +137% |
| Other operating charges | 640/8 | €1,987 | €1,304 | -€683 | -34.4% |
| Non-recurring operating charges | 66A | €43,867 | €0 | -€43,867 | -100% |
| Gross operating margin | 9900 | €265,060 | €91,741 | -€173,319 | -65.4% |
| Operating profit (loss) | 9901 | €211,988 | €73,308 | -€138,680 | -65.4% |
| Financial income | 75/76B | €0 | €39 | +€39 | |
| Recurring financial income | 75 | €0 | €39 | +€39 | |
| Financial charges | 65/66B | €3,580 | €1,443 | -€2,137 | -59.7% |
| Recurring financial charges | 65 | €3,580 | €1,443 | -€2,137 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €208,408 | €71,904 | -€136,504 | -65.5% |
| Income taxes | 67/77 | €50,228 | €16,420 | -€33,808 | -67.3% |
| Profit (loss) for the period | 9904 | €158,180 | €55,484 | -€102,696 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €158,180 | €55,484 | -€102,696 | -64.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.