NVC Company: what changed
NVC Company
Largest movements
- Stocks and contracts -€73,763
down €73,763 (-30.1%), from €245,435 to €171,672
- Tangible fixed assets +€34,609
up €34,609 (+801%), from €4,320 to €38,929
of which Furniture and vehicles: +€34,798
- Cash -€31,315
down €31,315 (-94.0%), from €33,331 to €2,016
mainly Other debts (-€59,032) and Net result for the year (-€47,462)
- Receivables within one year +€11,704
up €11,704 (+61.8%), from €18,937 to €30,641
of which Trade receivables: +€13,141
- Other debts -€59,032
down €59,032 (-24.6%), from €239,619 to €180,587
- Profit (loss) carried forward -€47,462
down €47,462, from €3,903 to -€43,559
- Short-term financial debts +€40,585
new in 2025: €40,585
- Tax, wage and social debts -€32,643
down €32,643 (-66.2%), from €49,283 to €16,640
- Debts after one year +€23,584
new in 2025: €23,584
- Gross operating margin -€34,607
down €34,607, from €14,724 to -€19,883
- Financial charges +€11,408
up €11,408 (+196%), from €5,827 to €17,235
- Depreciation +€6,178
up €6,178 (+600%), from €1,029 to €7,207
- Taxes -€1,321
down €1,321 (-79.8%), from €1,656 to €335
- Other operating charges +€493
up €493 (+21.3%), from €2,310 to €2,803
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308,757 | €246,793 | -€61,965 | -20.1% |
| Formation expenses | 20 | €803 | €0 | -€803 | -100% |
| Fixed assets | 21/28 | €5,620 | €40,229 | +€34,609 | +616% |
| Tangible fixed assets | 22/27 | €4,320 | €38,929 | +€34,609 | +801% |
| Plant, machinery and equipment | 23 | €687 | €498 | -€189 | -27.5% |
| Furniture and vehicles | 24 | €3,633 | €38,431 | +€34,798 | +958% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €302,335 | €206,564 | -€95,771 | -31.7% |
| Stocks and contracts in progress | 3 | €245,435 | €171,672 | -€73,763 | -30.1% |
| Stocks | 30/36 | €245,435 | €171,672 | -€73,763 | -30.1% |
| Amounts receivable within one year | 40/41 | €18,937 | €30,641 | +€11,704 | +61.8% |
| Trade receivables | 40 | €17,500 | €30,641 | +€13,141 | +75.1% |
| Other amounts receivable | 41 | €1,437 | €0 | -€1,437 | -100% |
| Cash at bank and in hand | 54/58 | €33,331 | €2,016 | -€31,315 | -94.0% |
| Deferred charges and accrued income | 490/1 | €4,632 | €2,235 | -€2,397 | -51.7% |
| Total equity and liabilities | 10/49 | €308,757 | €246,793 | -€61,965 | -20.1% |
| Equity | 10/15 | €8,903 | -€38,559 | -€47,462 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,903 | -€43,559 | -€47,462 | |
| Amounts payable | 17/49 | €299,854 | €285,351 | -€14,503 | -4.8% |
| Amounts payable after more than one year | 17 | - | €23,584 | +€23,584 | |
| Financial debts | 170/4 | - | €23,584 | +€23,584 | |
| Amounts payable within one year | 42/48 | €295,979 | €261,045 | -€34,934 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,072 | +€9,072 | |
| Financial debts | 43 | - | €40,585 | +€40,585 | |
| Credit institutions | 430/8 | - | €40,585 | +€40,585 | |
| Trade debts | 44 | €6,577 | €14,162 | +€7,584 | +115% |
| Suppliers | 440/4 | €6,577 | €14,162 | +€7,584 | +115% |
| Advances received on contracts in progress | 46 | €500 | €0 | -€500 | -100% |
| Taxes, remuneration and social security | 45 | €49,283 | €16,640 | -€32,643 | -66.2% |
| Taxes | 450/3 | €49,283 | €16,640 | -€32,643 | -66.2% |
| Other amounts payable | 47/48 | €239,619 | €180,587 | -€59,032 | -24.6% |
| Accrued charges and deferred income | 492/3 | €3,875 | €722 | -€3,153 | -81.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,029 | €7,207 | +€6,178 | +600% |
| Other operating charges | 640/8 | €2,310 | €2,803 | +€493 | +21.3% |
| Gross operating margin | 9900 | €14,724 | -€19,883 | -€34,607 | |
| Operating profit (loss) | 9901 | €11,386 | -€29,892 | -€41,278 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €5,827 | €17,235 | +€11,408 | +196% |
| Recurring financial charges | 65 | €5,827 | €17,235 | +€11,408 | +196% |
| Profit (loss) for the period before taxes | 9903 | €5,559 | -€47,127 | -€52,686 | |
| Income taxes | 67/77 | €1,656 | €335 | -€1,321 | -79.8% |
| Profit (loss) for the period | 9904 | €3,903 | -€47,462 | -€51,365 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,903 | -€47,462 | -€51,365 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.