NV CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year -€96,302
down €96,302 (-89.6%), from €107,425 to €11,123
of which Other amounts receivable: -€89,763
- Cash +€22,651
up €22,651 (+160.1%), from €14,147 to €36,799
mainly Receivables within one year (+€96,302) and Other debts (+€81,238)
- Tangible fixed assets -€11,141
down €11,141 (-14.9%), from €74,668 to €63,527
- Reserves -€136,490
down €136,490 (-18.3%), from €744,157 to €607,667
of which Distributable reserves: -€136,490
- Other debts +€81,238
up €81,238, from €0 to €81,238
- Debts after one year -€23,961
down €23,961 (-41.2%), from €58,109 to €34,149
- Financial income -€20,085
down €20,085 (-52.8%), from €38,059 to €17,974
- Depreciation +€9,049
up €9,049 (+94.0%), from €9,628 to €18,677
- Taxes -€5,689
down €5,689 (-23.6%), from €24,064 to €18,375
- Gross operating margin +€3,977
up €3,977 (+7.0%), from €57,033 to €61,009
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 | €881,394 | €794,463 | -€86,931 | -9.9% |
| Fixed assets | 21/28 | €74,668 | €63,527 | -€11,141 | -14.9% |
| Tangible fixed assets | 22/27 | €74,668 | €63,527 | -€11,141 | -14.9% |
| Furniture and vehicles | 24 | €74,668 | €63,527 | -€11,141 | -14.9% |
| Current assets | 29/58 | €806,726 | €730,936 | -€75,790 | -9.4% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Other amounts receivable | 291 | €500,000 | €500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €107,425 | €11,123 | -€96,302 | -89.6% |
| Trade receivables | 40 | €17,662 | €11,123 | -€6,539 | -37.0% |
| Other amounts receivable | 41 | €89,763 | €0 | -€89,763 | -100.0% |
| Current investments | 50/53 | €168,513 | €168,230 | -€283 | -0.2% |
| Cash at bank and in hand | 54/58 | €14,147 | €36,799 | +€22,651 | +160.1% |
| Deferred charges and accrued income | 490/1 | €16,641 | €14,785 | -€1,856 | -11.2% |
| Total equity and liabilities | 10/49 | €881,394 | €794,463 | -€86,931 | -9.9% |
| Equity | 10/15 | €781,298 | €644,809 | -€136,490 | -17.5% |
| Contributions | 10/11 | €36,979 | €36,979 | = | 0.0% |
| Reserves | 13 | €744,157 | €607,667 | -€136,490 | -18.3% |
| Non-distributable reserves | 130/1 | €4,318 | €4,318 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,318 | €4,318 | = | 0.0% |
| Distributable reserves | 133 | €739,839 | €603,349 | -€136,490 | -18.4% |
| Profit (loss) carried forward | 14 | €163 | €163 | = | 0.0% |
| Amounts payable | 17/49 | €100,095 | €149,654 | +€49,558 | +49.5% |
| Amounts payable after more than one year | 17 | €58,109 | €34,149 | -€23,961 | -41.2% |
| Financial debts | 170/4 | €58,109 | €34,149 | -€23,961 | -41.2% |
| Amounts payable within one year | 42/48 | €41,986 | €115,505 | +€73,519 | +175.1% |
| Current portion of amounts payable after more than one year | 42 | €31,285 | €25,552 | -€5,734 | -18.3% |
| Trade debts | 44 | €1,546 | €1,444 | -€103 | -6.6% |
| Suppliers | 440/4 | €1,546 | €1,444 | -€103 | -6.6% |
| Taxes, remuneration and social security | 45 | €9,155 | €7,272 | -€1,883 | -20.6% |
| Taxes | 450/3 | €8,905 | €7,022 | -€1,883 | -21.1% |
| Remuneration and social security | 454/9 | €250 | €250 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €81,238 | +€81,238 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,628 | €18,677 | +€9,049 | +94.0% |
| Other operating charges | 640/8 | €851 | €1,442 | +€590 | +69.4% |
| Gross operating margin | 9900 | €57,033 | €61,009 | +€3,977 | +7.0% |
| Operating profit (loss) | 9901 | €46,553 | €40,890 | -€5,663 | -12.2% |
| Financial income | 75/76B | €38,059 | €17,974 | -€20,085 | -52.8% |
| Recurring financial income | 75 | €38,059 | €17,974 | -€20,085 | -52.8% |
| Financial charges | 65/66B | €2,334 | €2,764 | +€430 | +18.4% |
| Recurring financial charges | 65 | €2,334 | €2,764 | +€430 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €82,278 | €56,101 | -€26,177 | -31.8% |
| Income taxes | 67/77 | €24,064 | €18,375 | -€5,689 | -23.6% |
| Profit (loss) for the period | 9904 | €58,214 | €37,726 | -€20,488 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,214 | €37,726 | -€20,488 | -35.2% |
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 11 October 2026 via checked.be.