NvdH 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.
NvdH Consult
Largest movements
- Tangible fixed assets +€284,095
up €284,095 (+55,057%), from €516 to €284,611
of which Land and buildings: +€283,216
- Cash -€108,719
down €108,719 (-60.8%), from €178,961 to €70,242
mainly Investment in fixed assets (net) (-€319,639) and Other debts (-€160,000)
- Receivables within one year -€88,667
down €88,667 (-37.0%), from €239,942 to €151,275
of which Other amounts receivable: -€87,588
- Deferred charges and accrued income -€8,870
down €8,870 (-80.9%), from €10,958 to €2,088
- Debts after one year +€207,903
new in 2025: €207,903
- Other debts -€160,000
down €160,000 (-78.0%), from €205,000 to €45,000
- Reserves +€36,000
up €36,000 (+25.2%), from €143,000 to €179,000
- Tax, wage and social debts -€32,108
down €32,108 (-41.2%), from €77,953 to €45,845
- Current portion of long-term debt +€17,751
new in 2025: €17,751
- Depreciation +€35,131
up €35,131 (+8,527%), from €412 to €35,543
- Gross operating margin -€17,588
down €17,588 (-12.7%), from €137,975 to €120,387
- Taxes -€11,890
down €11,890 (-55.1%), from €21,597 to €9,707
- Financial charges +€2,348
up €2,348 (+420%), from €559 to €2,907
- Financial income -€1,864
down €1,864 (-15.4%), from €12,105 to €10,241
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.
Derived cash bridge
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 | €430,377 | €508,216 | +€77,839 | +18.1% |
| Fixed assets | 21/28 | €516 | €284,611 | +€284,095 | +55,057% |
| Tangible fixed assets | 22/27 | €516 | €284,611 | +€284,095 | +55,057% |
| Land and buildings | 22 | - | €283,216 | +€283,216 | |
| Furniture and vehicles | 24 | €516 | €1,395 | +€879 | +170% |
| Current assets | 29/58 | €429,861 | €223,605 | -€206,256 | -48.0% |
| Amounts receivable within one year | 40/41 | €239,942 | €151,275 | -€88,667 | -37.0% |
| Trade receivables | 40 | €20,782 | €19,703 | -€1,079 | -5.2% |
| Other amounts receivable | 41 | €219,160 | €131,572 | -€87,588 | -40.0% |
| Cash at bank and in hand | 54/58 | €178,961 | €70,242 | -€108,719 | -60.8% |
| Deferred charges and accrued income | 490/1 | €10,958 | €2,088 | -€8,870 | -80.9% |
| Total equity and liabilities | 10/49 | €430,377 | €508,216 | +€77,839 | +18.1% |
| Equity | 10/15 | €145,592 | €181,296 | +€35,704 | +24.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €143,000 | €179,000 | +€36,000 | +25.2% |
| Distributable reserves | 133 | €143,000 | €179,000 | +€36,000 | +25.2% |
| Profit (loss) carried forward | 14 | €592 | €296 | -€296 | -50.0% |
| Amounts payable | 17/49 | €284,785 | €326,920 | +€42,135 | +14.8% |
| Amounts payable after more than one year | 17 | - | €207,903 | +€207,903 | |
| Financial debts | 170/4 | - | €207,903 | +€207,903 | |
| Amounts payable within one year | 42/48 | €284,785 | €118,963 | -€165,822 | -58.2% |
| Current portion of amounts payable after more than one year | 42 | - | €17,751 | +€17,751 | |
| Trade debts | 44 | €1,832 | €10,367 | +€8,535 | +466% |
| Suppliers | 440/4 | €1,832 | €10,367 | +€8,535 | +466% |
| Taxes, remuneration and social security | 45 | €77,953 | €45,845 | -€32,108 | -41.2% |
| Taxes | 450/3 | €77,953 | €45,845 | -€32,108 | -41.2% |
| Other amounts payable | 47/48 | €205,000 | €45,000 | -€160,000 | -78.0% |
| Accrued charges and deferred income | 492/3 | - | €54 | +€54 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412 | €35,543 | +€35,131 | +8,527% |
| Other operating charges | 640/8 | €1,620 | €1,767 | +€147 | +9.1% |
| Gross operating margin | 9900 | €137,975 | €120,387 | -€17,588 | -12.7% |
| Operating profit (loss) | 9901 | €135,943 | €83,077 | -€52,866 | -38.9% |
| Financial income | 75/76B | €12,105 | €10,241 | -€1,864 | -15.4% |
| Recurring financial income | 75 | €12,105 | €10,241 | -€1,864 | -15.4% |
| Financial charges | 65/66B | €559 | €2,907 | +€2,348 | +420% |
| Recurring financial charges | 65 | €559 | €2,907 | +€2,348 | +420% |
| Profit (loss) for the period before taxes | 9903 | €147,489 | €90,411 | -€57,078 | -38.7% |
| Income taxes | 67/77 | €21,597 | €9,707 | -€11,890 | -55.1% |
| Profit (loss) for the period | 9904 | €125,892 | €80,704 | -€45,188 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €125,892 | €80,704 | -€45,188 | -35.9% |
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 15 October 2026 via checked.be.