nVang: 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.
nVang
Largest movements
- Cash +€54,580
up €54,580 (+1100.5%), from €4,959 to €59,539
mainly Net result for the year (+€94,048) and Other debts (+€45,403)
- Receivables within one year -€39,672
down €39,672 (-49.0%), from €81,029 to €41,357
of which Trade receivables: -€41,417
- Tangible fixed assets +€5,247
up €5,247 (+2.9%), from €180,211 to €185,457
of which Furniture and vehicles: +€10,374
- Other debts +€45,403
up €45,403 (+183.0%), from €24,809 to €70,212
- Debts after one year -€18,551
down €18,551 (-14.5%), from €128,061 to €109,509
- Reserves -€11,059
down €11,059 (-10.9%), from €101,078 to €90,019
- Tax, wage and social debts +€7,229
up €7,229 (+82.9%), from €8,724 to €15,953
- Trade debts -€3,673
down €3,673 (-63.6%), from €5,775 to €2,103
- Gross operating margin +€33,842
up €33,842 (+30.6%), from €110,502 to €144,344
- Depreciation +€6,377
up €6,377 (+115.4%), from €5,526 to €11,904
- Financial charges -€2,105
down €2,105 (-19.0%), from €11,099 to €8,994
- Taxes +€1,913
up €1,913 (+7.1%), from €27,060 to €28,972
- Other operating charges -€1,544
down €1,544 (-45.7%), from €3,380 to €1,837
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 | €318,929 | €337,704 | +€18,775 | +5.9% |
| Fixed assets | 21/28 | €180,251 | €187,595 | +€7,344 | +4.1% |
| Intangible fixed assets | 21 | - | €2,097 | +€2,097 | |
| Tangible fixed assets | 22/27 | €180,211 | €185,457 | +€5,247 | +2.9% |
| Land and buildings | 22 | €172,377 | €167,465 | -€4,913 | -2.8% |
| Plant, machinery and equipment | 23 | €1,021 | €807 | -€215 | -21.0% |
| Furniture and vehicles | 24 | €6,812 | €17,186 | +€10,374 | +152.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €138,679 | €150,109 | +€11,431 | +8.2% |
| Amounts receivable within one year | 40/41 | €81,029 | €41,357 | -€39,672 | -49.0% |
| Trade receivables | 40 | €79,545 | €38,128 | -€41,417 | -52.1% |
| Other amounts receivable | 41 | €1,484 | €3,229 | +€1,745 | +117.5% |
| Current investments | 50/53 | €50,000 | €48,292 | -€1,708 | -3.4% |
| Cash at bank and in hand | 54/58 | €4,959 | €59,539 | +€54,580 | +1100.5% |
| Deferred charges and accrued income | 490/1 | €2,690 | €921 | -€1,769 | -65.7% |
| Total equity and liabilities | 10/49 | €318,929 | €337,704 | +€18,775 | +5.9% |
| Equity | 10/15 | €119,678 | €108,619 | -€11,059 | -9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,078 | €90,019 | -€11,059 | -10.9% |
| Distributable reserves | 133 | €101,078 | €90,019 | -€11,059 | -10.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €199,251 | €229,086 | +€29,834 | +15.0% |
| Amounts payable after more than one year | 17 | €128,061 | €109,509 | -€18,551 | -14.5% |
| Financial debts | 170/4 | €128,061 | €109,509 | -€18,551 | -14.5% |
| Amounts payable within one year | 42/48 | €71,191 | €119,576 | +€48,385 | +68.0% |
| Current portion of amounts payable after more than one year | 42 | €19,286 | €18,551 | -€735 | -3.8% |
| Financial debts | 43 | €12,596 | €12,757 | +€162 | +1.3% |
| Credit institutions | 430/8 | €12,596 | €12,555 | -€40 | -0.3% |
| Other loans | 439 | €0 | €202 | +€202 | |
| Trade debts | 44 | €5,775 | €2,103 | -€3,673 | -63.6% |
| Suppliers | 440/4 | €5,775 | €2,103 | -€3,673 | -63.6% |
| Taxes, remuneration and social security | 45 | €8,724 | €15,953 | +€7,229 | +82.9% |
| Taxes | 450/3 | €8,724 | €15,953 | +€7,229 | +82.9% |
| Other amounts payable | 47/48 | €24,809 | €70,212 | +€45,403 | +183.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,526 | €11,904 | +€6,377 | +115.4% |
| Other operating charges | 640/8 | €3,380 | €1,837 | -€1,544 | -45.7% |
| Gross operating margin | 9900 | €110,502 | €144,344 | +€33,842 | +30.6% |
| Operating profit (loss) | 9901 | €101,596 | €130,603 | +€29,008 | +28.6% |
| Financial income | 75/76B | €91 | €1,411 | +€1,320 | +1452.5% |
| Recurring financial income | 75 | €91 | €1,411 | +€1,320 | +1452.5% |
| Financial charges | 65/66B | €11,099 | €8,994 | -€2,105 | -19.0% |
| Recurring financial charges | 65 | €11,099 | €8,994 | -€2,105 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €90,588 | €123,021 | +€32,433 | +35.8% |
| Income taxes | 67/77 | €27,060 | €28,972 | +€1,913 | +7.1% |
| Profit (loss) for the period | 9904 | €63,528 | €94,048 | +€30,520 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,528 | €94,048 | +€30,520 | +48.0% |
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 10 October 2026 via checked.be.