NVB: 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.
NVB
Largest movements
- Cash -€8,587
down €8,587 (-76.0%), from €11,292 to €2,705
mainly Investment in fixed assets (net) (-€12,031) and Advances received (-€6,000)
- Tangible fixed assets +€4,057
up €4,057 (+13.6%), from €29,819 to €33,876
of which Furniture and vehicles: +€8,386
- Receivables within one year +€963
up €963 (+43.9%), from €2,191 to €3,153
of which Other amounts receivable: +€1,181
- Stocks and contracts -€952
no longer reported in 2025 (was €952)
- Reserves +€6,186
up €6,186 (+24.8%), from €24,925 to €31,111
- Advances received -€6,000
no longer reported in 2025 (was €6,000)
- Debts after one year -€5,089
down €5,089 (-21.5%), from €23,687 to €18,599
- Tax, wage and social debts +€887
up €887 (+118.3%), from €750 to €1,637
- Gross operating margin -€12,943
down €12,943 (-39.0%), from €33,194 to €20,251
- Taxes -€3,363
down €3,363 (-42.0%), from €8,000 to €4,637
- Depreciation +€1,608
up €1,608 (+25.3%), from €6,366 to €7,974
- Financial income -€537
down €537 (-90.6%), from €593 to €55
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 | €64,253 | €59,819 | -€4,433 | -6.9% |
| Fixed assets | 21/28 | €29,819 | €33,876 | +€4,057 | +13.6% |
| Tangible fixed assets | 22/27 | €29,819 | €33,876 | +€4,057 | +13.6% |
| Plant, machinery and equipment | 23 | €29,819 | €25,490 | -€4,328 | -14.5% |
| Furniture and vehicles | 24 | - | €8,386 | +€8,386 | |
| Current assets | 29/58 | €34,434 | €25,944 | -€8,491 | -24.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €952 | - | -€952 | |
| Stocks | 30/36 | €952 | - | -€952 | |
| Amounts receivable within one year | 40/41 | €2,191 | €3,153 | +€963 | +43.9% |
| Trade receivables | 40 | €968 | €750 | -€218 | -22.5% |
| Other amounts receivable | 41 | €1,223 | €2,403 | +€1,181 | +96.6% |
| Cash at bank and in hand | 54/58 | €11,292 | €2,705 | -€8,587 | -76.0% |
| Deferred charges and accrued income | 490/1 | - | €86 | +€86 | |
| Total equity and liabilities | 10/49 | €64,253 | €59,819 | -€4,433 | -6.9% |
| Equity | 10/15 | €27,425 | €33,611 | +€6,186 | +22.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €24,925 | €31,111 | +€6,186 | +24.8% |
| Distributable reserves | 133 | €24,925 | €31,111 | +€6,186 | +24.8% |
| Amounts payable | 17/49 | €36,828 | €26,209 | -€10,619 | -28.8% |
| Amounts payable after more than one year | 17 | €23,687 | €18,599 | -€5,089 | -21.5% |
| Financial debts | 170/4 | €23,687 | €18,599 | -€5,089 | -21.5% |
| Amounts payable within one year | 42/48 | €13,140 | €7,610 | -€5,530 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €4,992 | €5,089 | +€97 | +1.9% |
| Trade debts | 44 | €126 | €21 | -€105 | -83.1% |
| Suppliers | 440/4 | €126 | €21 | -€105 | -83.1% |
| Advances received on contracts in progress | 46 | €6,000 | - | -€6,000 | |
| Taxes, remuneration and social security | 45 | €750 | €1,637 | +€887 | +118.3% |
| Taxes | 450/3 | €750 | €1,637 | +€887 | +118.3% |
| Other amounts payable | 47/48 | €1,272 | €863 | -€409 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,366 | €7,974 | +€1,608 | +25.3% |
| Other operating charges | 640/8 | €980 | €655 | -€326 | -33.2% |
| Gross operating margin | 9900 | €33,194 | €20,251 | -€12,943 | -39.0% |
| Operating profit (loss) | 9901 | €25,848 | €11,622 | -€14,226 | -55.0% |
| Financial income | 75/76B | €593 | €55 | -€537 | -90.6% |
| Recurring financial income | 75 | €593 | €55 | -€537 | -90.6% |
| Financial charges | 65/66B | €780 | €855 | +€74 | +9.5% |
| Recurring financial charges | 65 | €780 | €855 | +€74 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €25,661 | €10,823 | -€14,838 | -57.8% |
| Income taxes | 67/77 | €8,000 | €4,637 | -€3,363 | -42.0% |
| Profit (loss) for the period | 9904 | €17,661 | €6,186 | -€11,475 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,661 | €6,186 | -€11,475 | -65.0% |
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 30 September 2026 via checked.be.