NVE: 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.
NVE
Largest movements
- Cash +€76,287
up €76,287 (+262.6%), from €29,047 to €105,334
mainly Net result for the year (+€98,300) and Other debts (+€60,840)
- Tangible fixed assets -€13,269
down €13,269 (-34.1%), from €38,966 to €25,697
of which Furniture and vehicles: -€12,123
- Receivables within one year -€2,189
down €2,189 (-11.7%), from €18,766 to €16,577
of which Other amounts receivable: -€9,148
- Other debts +€60,840
up €60,840 (+141.5%), from €43,011 to €103,851
- Debts after one year -€10,000
down €10,000 (-57.1%), from €17,500 to €7,500
- Tax, wage and social debts +€9,620
up €9,620 (+90.6%), from €10,618 to €20,237
- Gross operating margin +€82,879
up €82,879 (+124.8%), from €66,399 to €149,278
- Taxes +€23,317
up €23,317 (+216.7%), from €10,760 to €34,077
- Financial income -€2,771
no longer reported in 2025 (was €2,771)
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 | €86,779 | €147,608 | +€60,829 | +70.1% |
| Fixed assets | 21/28 | €38,966 | €25,697 | -€13,269 | -34.1% |
| Tangible fixed assets | 22/27 | €38,966 | €25,697 | -€13,269 | -34.1% |
| Plant, machinery and equipment | 23 | €2,312 | €1,167 | -€1,146 | -49.5% |
| Furniture and vehicles | 24 | €36,654 | €24,531 | -€12,123 | -33.1% |
| Current assets | 29/58 | €47,813 | €121,911 | +€74,098 | +155.0% |
| Amounts receivable within one year | 40/41 | €18,766 | €16,577 | -€2,189 | -11.7% |
| Trade receivables | 40 | €8,695 | €15,654 | +€6,959 | +80.0% |
| Other amounts receivable | 41 | €10,071 | €923 | -€9,148 | -90.8% |
| Cash at bank and in hand | 54/58 | €29,047 | €105,334 | +€76,287 | +262.6% |
| Total equity and liabilities | 10/49 | €86,779 | €147,608 | +€60,829 | +70.1% |
| Equity | 10/15 | €5,353 | €5,653 | +€300 | +5.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €353 | €653 | +€300 | +84.9% |
| Distributable reserves | 133 | €353 | €653 | +€300 | +84.9% |
| Amounts payable | 17/49 | €81,426 | €141,955 | +€60,529 | +74.3% |
| Amounts payable after more than one year | 17 | €17,500 | €7,500 | -€10,000 | -57.1% |
| Financial debts | 170/4 | €17,500 | €7,500 | -€10,000 | -57.1% |
| Amounts payable within one year | 42/48 | €63,926 | €134,455 | +€70,529 | +110.3% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €297 | €367 | +€70 | +23.7% |
| Suppliers | 440/4 | €297 | €367 | +€70 | +23.7% |
| Taxes, remuneration and social security | 45 | €10,618 | €20,237 | +€9,620 | +90.6% |
| Taxes | 450/3 | €10,618 | €20,237 | +€9,620 | +90.6% |
| Other amounts payable | 47/48 | €43,011 | €103,851 | +€60,840 | +141.5% |
| Remuneration, social security and pensions | 62 | €1,139 | - | -€1,139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,530 | €15,606 | +€76 | +0.5% |
| Other operating charges | 640/8 | €1,044 | €763 | -€280 | -26.8% |
| Gross operating margin | 9900 | €66,399 | €149,278 | +€82,879 | +124.8% |
| Operating profit (loss) | 9901 | €48,686 | €132,909 | +€84,223 | +173.0% |
| Financial income | 75/76B | €2,771 | - | -€2,771 | |
| Recurring financial income | 75 | €2,771 | - | -€2,771 | |
| Financial charges | 65/66B | €1,360 | €532 | -€829 | -60.9% |
| Recurring financial charges | 65 | €1,360 | €532 | -€829 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €50,096 | €132,377 | +€82,281 | +164.2% |
| Income taxes | 67/77 | €10,760 | €34,077 | +€23,317 | +216.7% |
| Profit (loss) for the period | 9904 | €39,336 | €98,300 | +€58,964 | +149.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,336 | €98,300 | +€58,964 | +149.9% |
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 9 October 2026 via checked.be.