NVDR: 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.
NVDR
Largest movements
- Cash +€16,492
up €16,492 (+91.9%), from €17,949 to €34,441
mainly Net result for the year (+€19,697) and Receivables within one year (+€7,789)
- Receivables within one year -€7,789
down €7,789 (-20.6%), from €37,779 to €29,990
- Tangible fixed assets +€3,961
up €3,961 (+206.3%), from €1,920 to €5,880
- Profit (loss) carried forward +€19,697
up €19,697 (+54.6%), from €36,095 to €55,793
- Tax, wage and social debts -€5,683
down €5,683 (-30.0%), from €18,933 to €13,250
of which Taxes: -€5,683
- Trade debts -€934
down €934 (-42.8%), from €2,183 to €1,249
- Gross operating margin -€15,008
down €15,008 (-34.1%), from €44,014 to €29,006
- Taxes -€2,902
down €2,902 (-31.4%), from €9,255 to €6,352
- Depreciation +€1,546
up €1,546 (+380.1%), from €407 to €1,953
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 | €59,747 | €72,509 | +€12,762 | +21.4% |
| Fixed assets | 21/28 | €4,020 | €7,980 | +€3,961 | +98.5% |
| Tangible fixed assets | 22/27 | €1,920 | €5,880 | +€3,961 | +206.3% |
| Furniture and vehicles | 24 | €1,920 | €5,880 | +€3,961 | +206.3% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €55,727 | €64,528 | +€8,801 | +15.8% |
| Amounts receivable within one year | 40/41 | €37,779 | €29,990 | -€7,789 | -20.6% |
| Trade receivables | 40 | €37,779 | €29,990 | -€7,789 | -20.6% |
| Cash at bank and in hand | 54/58 | €17,949 | €34,441 | +€16,492 | +91.9% |
| Deferred charges and accrued income | 490/1 | - | €98 | +€98 | |
| Total equity and liabilities | 10/49 | €59,747 | €72,509 | +€12,762 | +21.4% |
| Equity | 10/15 | €37,095 | €56,793 | +€19,697 | +53.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,095 | €55,793 | +€19,697 | +54.6% |
| Amounts payable | 17/49 | €22,651 | €15,716 | -€6,936 | -30.6% |
| Amounts payable within one year | 42/48 | €22,651 | €15,716 | -€6,936 | -30.6% |
| Trade debts | 44 | €2,183 | €1,249 | -€934 | -42.8% |
| Suppliers | 440/4 | €2,183 | €1,249 | -€934 | -42.8% |
| Taxes, remuneration and social security | 45 | €18,933 | €13,250 | -€5,683 | -30.0% |
| Taxes | 450/3 | €16,933 | €11,250 | -€5,683 | -33.6% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,535 | €1,216 | -€318 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €1,953 | +€1,546 | +380.1% |
| Other operating charges | 640/8 | €560 | €755 | +€195 | +34.8% |
| Gross operating margin | 9900 | €44,014 | €29,006 | -€15,008 | -34.1% |
| Operating profit (loss) | 9901 | €43,047 | €26,298 | -€16,749 | -38.9% |
| Financial income | 75/76B | €50 | - | -€50 | |
| Recurring financial income | 75 | €50 | - | -€50 | |
| Financial charges | 65/66B | €141 | €249 | +€107 | +76.1% |
| Recurring financial charges | 65 | €141 | €249 | +€107 | +76.1% |
| Profit (loss) for the period before taxes | 9903 | €42,956 | €26,050 | -€16,907 | -39.4% |
| Income taxes | 67/77 | €9,255 | €6,352 | -€2,902 | -31.4% |
| Profit (loss) for the period | 9904 | €33,702 | €19,697 | -€14,004 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,702 | €19,697 | -€14,004 | -41.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.