NVBV: 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.
NVBV
Largest movements
- Tangible fixed assets +€704,258
up €704,258 (+263.2%), from €267,603 to €971,861
of which Leasing and similar rights: +€711,758
- Cash -€115,144
down €115,144 (-99.0%), from €116,310 to €1,166
mainly Investment in fixed assets (net) (-€725,000) and Receivables within one year (-€95,932)
- Receivables within one year +€95,932
up €95,932 (+21385.8%), from €449 to €96,381
- Debts after one year +€607,302
up €607,302 (+154.7%), from €392,520 to €999,822
- Current portion of long-term debt +€72,905
up €72,905 (+866.1%), from €8,417 to €81,323
- Gross operating margin +€62,639
up €62,639, from -€7,266 to €55,373
- Financial charges +€21,578
up €21,578 (+339.8%), from €6,350 to €27,928
- Depreciation +€7,095
up €7,095 (+52.0%), from €13,647 to €20,742
- Other operating charges +€4,923
up €4,923 (+1014.2%), from €485 to €5,409
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €384,828 | €1,069,408 | +€684,580 | +177.9% |
| Fixed assets | 21/28 | €267,603 | €971,861 | +€704,258 | +263.2% |
| Tangible fixed assets | 22/27 | €267,603 | €971,861 | +€704,258 | +263.2% |
| Land and buildings | 22 | €267,603 | €260,103 | -€7,500 | -2.8% |
| Leasing and similar rights | 25 | - | €711,758 | +€711,758 | |
| Current assets | 29/58 | €117,226 | €97,547 | -€19,678 | -16.8% |
| Amounts receivable within one year | 40/41 | €449 | €96,381 | +€95,932 | +21385.8% |
| Other amounts receivable | 41 | €449 | €96,381 | +€95,932 | +21385.8% |
| Cash at bank and in hand | 54/58 | €116,310 | €1,166 | -€115,144 | -99.0% |
| Deferred charges and accrued income | 490/1 | €467 | €0 | -€467 | -100.0% |
| Total equity and liabilities | 10/49 | €384,828 | €1,069,408 | +€684,580 | +177.9% |
| Equity | 10/15 | -€17,749 | -€16,258 | +€1,491 | +8.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,749 | -€26,258 | +€1,491 | +5.4% |
| Amounts payable | 17/49 | €402,577 | €1,085,666 | +€683,089 | +169.7% |
| Amounts payable after more than one year | 17 | €392,520 | €999,822 | +€607,302 | +154.7% |
| Financial debts | 170/4 | €392,520 | €999,822 | +€607,302 | +154.7% |
| Amounts payable within one year | 42/48 | €9,672 | €84,101 | +€74,429 | +769.5% |
| Current portion of amounts payable after more than one year | 42 | €8,417 | €81,323 | +€72,905 | +866.1% |
| Trade debts | 44 | - | €2,778 | +€2,778 | |
| Suppliers | 440/4 | - | €2,778 | +€2,778 | |
| Other amounts payable | 47/48 | €1,255 | €0 | -€1,255 | -100.0% |
| Accrued charges and deferred income | 492/3 | €384 | €1,742 | +€1,358 | +353.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,647 | €20,742 | +€7,095 | +52.0% |
| Other operating charges | 640/8 | €485 | €5,409 | +€4,923 | +1014.2% |
| Gross operating margin | 9900 | -€7,266 | €55,373 | +€62,639 | |
| Operating profit (loss) | 9901 | -€21,399 | €29,222 | +€50,621 | |
| Financial income | 75/76B | - | €197 | +€197 | |
| Recurring financial income | 75 | - | €197 | +€197 | |
| Financial charges | 65/66B | €6,350 | €27,928 | +€21,578 | +339.8% |
| Recurring financial charges | 65 | €6,350 | €27,928 | +€21,578 | +339.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,749 | €1,491 | +€29,239 | |
| Profit (loss) for the period | 9904 | -€27,749 | €1,491 | +€29,239 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,749 | €1,491 | +€29,239 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.