NVB Consult: 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.
NVB Consult
Largest movements
- Cash +€34,909
up €34,909 (+80.4%), from €43,416 to €78,325
mainly Net result for the year (+€63,661) and Other debts (+€42,681)
- Tangible fixed assets -€18,218
down €18,218 (-2.8%), from €649,136 to €630,918
of which Land and buildings: -€25,720
- Profit (loss) carried forward +€63,661
up €63,661 (+141.8%), from €44,884 to €108,545
- Debts after one year -€49,901
down €49,901 (-9.4%), from €532,103 to €482,202
- Accrued charges and deferred income -€46,394
no longer reported in 2025 (was €46,394)
- Other debts +€42,681
new in 2025: €42,681
- Gross operating margin +€71,701
up €71,701 (+111.6%), from €64,241 to €135,942
- Depreciation +€25,471
up €25,471 (+701.8%), from €3,630 to €29,100
- Financial charges +€23,643
up €23,643 (+5636.6%), from €419 to €24,062
- Other operating charges +€2,112
up €2,112 (+345.7%), from €611 to €2,723
- Taxes +€1,583
up €1,583 (+10.6%), from €14,888 to €16,470
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 | €695,456 | €710,679 | +€15,224 | +2.2% |
| Fixed assets | 21/28 | €649,136 | €630,918 | -€18,218 | -2.8% |
| Tangible fixed assets | 22/27 | €649,136 | €630,918 | -€18,218 | -2.8% |
| Land and buildings | 22 | €641,735 | €616,015 | -€25,720 | -4.0% |
| Plant, machinery and equipment | 23 | €251 | €1,746 | +€1,495 | +596.3% |
| Furniture and vehicles | 24 | €7,150 | €13,157 | +€6,006 | +84.0% |
| Current assets | 29/58 | €46,320 | €79,762 | +€33,442 | +72.2% |
| Amounts receivable within one year | 40/41 | €2,904 | €1,437 | -€1,467 | -50.5% |
| Trade receivables | 40 | €2,904 | €908 | -€1,997 | -68.8% |
| Other amounts receivable | 41 | - | €530 | +€530 | |
| Cash at bank and in hand | 54/58 | €43,416 | €78,325 | +€34,909 | +80.4% |
| Total equity and liabilities | 10/49 | €695,456 | €710,679 | +€15,224 | +2.2% |
| Equity | 10/15 | €49,884 | €113,445 | +€63,561 | +127.4% |
| Contributions | 10/11 | €5,000 | €4,900 | -€100 | -2.0% |
| Profit (loss) carried forward | 14 | €44,884 | €108,545 | +€63,661 | +141.8% |
| Amounts payable | 17/49 | €645,572 | €597,234 | -€48,338 | -7.5% |
| Amounts payable after more than one year | 17 | €532,103 | €482,202 | -€49,901 | -9.4% |
| Financial debts | 170/4 | €532,103 | €482,202 | -€49,901 | -9.4% |
| Amounts payable within one year | 42/48 | €67,075 | €115,032 | +€47,957 | +71.5% |
| Current portion of amounts payable after more than one year | 42 | €47,897 | €49,901 | +€2,004 | +4.2% |
| Trade debts | 44 | €172 | €3,082 | +€2,909 | +1686.6% |
| Suppliers | 440/4 | €172 | €3,082 | +€2,909 | +1686.6% |
| Taxes, remuneration and social security | 45 | €19,005 | €19,368 | +€363 | +1.9% |
| Taxes | 450/3 | €19,005 | €19,368 | +€363 | +1.9% |
| Other amounts payable | 47/48 | - | €42,681 | +€42,681 | |
| Accrued charges and deferred income | 492/3 | €46,394 | - | -€46,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,630 | €29,100 | +€25,471 | +701.8% |
| Other operating charges | 640/8 | €611 | €2,723 | +€2,112 | +345.7% |
| Gross operating margin | 9900 | €64,241 | €135,942 | +€71,701 | +111.6% |
| Operating profit (loss) | 9901 | €60,000 | €104,119 | +€44,119 | +73.5% |
| Financial income | 75/76B | €191 | €75 | -€116 | -60.7% |
| Recurring financial income | 75 | €191 | €75 | -€116 | -60.7% |
| Financial charges | 65/66B | €419 | €24,062 | +€23,643 | +5636.6% |
| Recurring financial charges | 65 | €419 | €24,062 | +€23,643 | +5636.6% |
| Profit (loss) for the period before taxes | 9903 | €59,771 | €80,132 | +€20,360 | +34.1% |
| Income taxes | 67/77 | €14,888 | €16,470 | +€1,583 | +10.6% |
| Profit (loss) for the period | 9904 | €44,884 | €63,661 | +€18,778 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,884 | €63,661 | +€18,778 | +41.8% |
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.