NVAESTECH: 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.
NVAESTECH
Largest movements
- Cash +€40,195
up €40,195 (+224.0%), from €17,944 to €58,138
mainly Net result for the year (+€50,603) and Receivables within one year (+€8,129)
- Tangible fixed assets +€16,111
up €16,111 (+2367.3%), from €681 to €16,792
- Receivables within one year -€8,129
down €8,129 (-31.3%), from €25,992 to €17,864
of which Trade receivables: -€15,067
- Profit (loss) carried forward +€49,770
up €49,770 (+228.5%), from €21,783 to €71,553
- Other debts -€3,731
down €3,731 (-72.8%), from €5,128 to €1,397
- Gross operating margin +€43,571
up €43,571 (+151.7%), from €28,731 to €72,303
- Taxes +€9,088
up €9,088 (+149.8%), from €6,068 to €15,156
- Depreciation +€4,340
up €4,340 (+20577.8%), from €21 to €4,361
- Financial charges +€1,825
new in 2025: €1,825
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 | €45,587 | €92,999 | +€47,412 | +104.0% |
| Fixed assets | 21/28 | €681 | €16,792 | +€16,111 | +2367.3% |
| Tangible fixed assets | 22/27 | €681 | €16,792 | +€16,111 | +2367.3% |
| Furniture and vehicles | 24 | €681 | €16,792 | +€16,111 | +2367.3% |
| Current assets | 29/58 | €44,906 | €76,207 | +€31,301 | +69.7% |
| Amounts receivable within one year | 40/41 | €25,992 | €17,864 | -€8,129 | -31.3% |
| Trade receivables | 40 | €25,992 | €10,926 | -€15,067 | -58.0% |
| Other amounts receivable | 41 | - | €6,938 | +€6,938 | |
| Cash at bank and in hand | 54/58 | €17,944 | €58,138 | +€40,195 | +224.0% |
| Deferred charges and accrued income | 490/1 | €970 | €205 | -€765 | -78.9% |
| Total equity and liabilities | 10/49 | €45,587 | €92,999 | +€47,412 | +104.0% |
| Equity | 10/15 | €22,283 | €72,053 | +€49,770 | +223.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Outside capital | 11 | €500 | €500 | = | 0.0% |
| Other | 1109/19 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,783 | €71,553 | +€49,770 | +228.5% |
| Amounts payable | 17/49 | €23,304 | €20,946 | -€2,358 | -10.1% |
| Amounts payable within one year | 42/48 | €23,304 | €20,946 | -€2,358 | -10.1% |
| Trade debts | 44 | €2,032 | €2,479 | +€447 | +22.0% |
| Suppliers | 440/4 | €2,032 | €2,479 | +€447 | +22.0% |
| Taxes, remuneration and social security | 45 | €16,145 | €17,070 | +€925 | +5.7% |
| Taxes | 450/3 | €14,080 | €14,005 | -€75 | -0.5% |
| Remuneration and social security | 454/9 | €2,065 | €3,065 | +€1,000 | +48.4% |
| Other amounts payable | 47/48 | €5,128 | €1,397 | -€3,731 | -72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21 | €4,361 | +€4,340 | +20577.8% |
| Other operating charges | 640/8 | - | €358 | +€358 | |
| Gross operating margin | 9900 | €28,731 | €72,303 | +€43,571 | +151.7% |
| Operating profit (loss) | 9901 | €28,710 | €67,583 | +€38,873 | +135.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +9500.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +9500.0% |
| Financial charges | 65/66B | - | €1,825 | +€1,825 | |
| Recurring financial charges | 65 | - | €1,825 | +€1,825 | |
| Profit (loss) for the period before taxes | 9903 | €28,710 | €65,760 | +€37,049 | +129.0% |
| Income taxes | 67/77 | €6,068 | €15,156 | +€9,088 | +149.8% |
| Profit (loss) for the period | 9904 | €22,642 | €50,603 | +€27,961 | +123.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,642 | €50,603 | +€27,961 | +123.5% |
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 7 October 2026 via checked.be.