NVAIR: 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.
NVAIR
Largest movements
- Cash -€8,220
no longer reported in 2025 (was €8,220)
mainly Tax, wage and social debts (-€37,214) and Other debts (-€2,020)
- Receivables within one year -€7,321
down €7,321 (-9.5%), from €77,362 to €70,041
of which Trade receivables: -€7,314
- Current investments +€879
new in 2025: €879
- Tax, wage and social debts -€37,214
down €37,214 (-90.2%), from €41,250 to €4,036
of which Remuneration and social security: -€28,612
- Profit (loss) carried forward +€23,090
up €23,090 (+67.1%), from €34,405 to €57,495
- Other debts -€2,020
no longer reported in 2025 (was €2,020)
- Trade debts +€1,891
up €1,891 (+24.5%), from €7,707 to €9,598
- Gross operating margin -€13,877
down €13,877 (-32.1%), from €43,247 to €29,370
- Taxes -€2,826
down €2,826 (-32.9%), from €8,601 to €5,775
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 | €85,582 | €71,329 | -€14,253 | -16.7% |
| Fixed assets | 21/28 | - | €409 | +€409 | |
| Tangible fixed assets | 22/27 | - | €409 | +€409 | |
| Furniture and vehicles | 24 | - | €409 | +€409 | |
| Current assets | 29/58 | €85,582 | €70,920 | -€14,662 | -17.1% |
| Amounts receivable within one year | 40/41 | €77,362 | €70,041 | -€7,321 | -9.5% |
| Trade receivables | 40 | €77,090 | €69,776 | -€7,314 | -9.5% |
| Other amounts receivable | 41 | €272 | €265 | -€7 | -2.6% |
| Current investments | 50/53 | - | €879 | +€879 | |
| Cash at bank and in hand | 54/58 | €8,220 | - | -€8,220 | |
| Total equity and liabilities | 10/49 | €85,582 | €71,329 | -€14,253 | -16.7% |
| Equity | 10/15 | €34,605 | €57,695 | +€23,090 | +66.7% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Capital | 10 | €200 | - | -€200 | |
| Issued capital | 100 | €200 | - | -€200 | |
| Profit (loss) carried forward | 14 | €34,405 | €57,495 | +€23,090 | +67.1% |
| Amounts payable | 17/49 | €50,977 | €13,634 | -€37,343 | -73.3% |
| Amounts payable within one year | 42/48 | €50,977 | €13,634 | -€37,343 | -73.3% |
| Trade debts | 44 | €7,707 | €9,598 | +€1,891 | +24.5% |
| Suppliers | 440/4 | €7,707 | €9,598 | +€1,891 | +24.5% |
| Taxes, remuneration and social security | 45 | €41,250 | €4,036 | -€37,214 | -90.2% |
| Taxes | 450/3 | €8,602 | - | -€8,602 | |
| Remuneration and social security | 454/9 | €32,648 | €4,036 | -€28,612 | -87.6% |
| Other amounts payable | 47/48 | €2,020 | - | -€2,020 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €170 | +€170 | |
| Gross operating margin | 9900 | €43,247 | €29,370 | -€13,877 | -32.1% |
| Operating profit (loss) | 9901 | €43,247 | €29,201 | -€14,046 | -32.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €241 | €338 | +€97 | +40.1% |
| Recurring financial charges | 65 | €241 | €338 | +€97 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €43,006 | €28,864 | -€14,142 | -32.9% |
| Income taxes | 67/77 | €8,601 | €5,775 | -€2,826 | -32.9% |
| Profit (loss) for the period | 9904 | €34,405 | €23,089 | -€11,316 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,405 | €23,089 | -€11,316 | -32.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.