NVFP: 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.
NVFP
Largest movements
- Tangible fixed assets -€11,185
down €11,185 (-20.5%), from €54,544 to €43,359
of which Land and buildings: -€9,008
- Cash +€5,653
up €5,653 (+153.0%), from €3,694 to €9,347
mainly Net result for the year (+€12,197) and Depreciation (+€11,185)
- Stocks and contracts -€4,308
down €4,308 (-40.2%), from €10,707 to €6,399
- Deferred charges and accrued income +€1,990
up €1,990 (+87.2%), from €2,282 to €4,273
- Profit (loss) carried forward +€12,197
up €12,197 (+61.7%), from -€19,769 to -€7,572
- Current portion of long-term debt -€10,012
down €10,012 (-78.6%), from €12,732 to €2,720
- Trade debts +€5,302
up €5,302 (+56.2%), from €9,429 to €14,731
- Tax, wage and social debts -€5,048
down €5,048 (-23.1%), from €21,872 to €16,824
of which Taxes: -€5,254
- Debts after one year -€4,993
no longer reported in 2025 (was €4,993)
- Staff costs -€26,985
down €26,985 (-25.3%), from €106,667 to €79,682
- Gross operating margin -€21,134
down €21,134 (-16.0%), from €131,995 to €110,862
- Other operating charges -€2,137
down €2,137 (-37.5%), from €5,697 to €3,560
- Financial charges +€1,399
up €1,399 (+50.3%), from €2,782 to €4,181
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 | €71,457 | €63,378 | -€8,079 | -11.3% |
| Fixed assets | 21/28 | €54,544 | €43,359 | -€11,185 | -20.5% |
| Tangible fixed assets | 22/27 | €54,544 | €43,359 | -€11,185 | -20.5% |
| Land and buildings | 22 | €50,218 | €41,210 | -€9,008 | -17.9% |
| Plant, machinery and equipment | 23 | €2,811 | €1,351 | -€1,460 | -51.9% |
| Furniture and vehicles | 24 | €1,514 | €798 | -€716 | -47.3% |
| Current assets | 29/58 | €16,913 | €20,019 | +€3,105 | +18.4% |
| Stocks and contracts in progress | 3 | €10,707 | €6,399 | -€4,308 | -40.2% |
| Stocks | 30/36 | €10,707 | €6,399 | -€4,308 | -40.2% |
| Amounts receivable within one year | 40/41 | €230 | - | -€230 | |
| Trade receivables | 40 | €230 | - | -€230 | |
| Cash at bank and in hand | 54/58 | €3,694 | €9,347 | +€5,653 | +153.0% |
| Deferred charges and accrued income | 490/1 | €2,282 | €4,273 | +€1,990 | +87.2% |
| Total equity and liabilities | 10/49 | €71,457 | €63,378 | -€8,079 | -11.3% |
| Equity | 10/15 | €14,831 | €27,028 | +€12,197 | +82.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,769 | -€7,572 | +€12,197 | +61.7% |
| Amounts payable | 17/49 | €56,626 | €36,350 | -€20,276 | -35.8% |
| Amounts payable after more than one year | 17 | €4,993 | - | -€4,993 | |
| Financial debts | 170/4 | €4,993 | - | -€4,993 | |
| Amounts payable within one year | 42/48 | €47,634 | €34,350 | -€13,284 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €12,732 | €2,720 | -€10,012 | -78.6% |
| Trade debts | 44 | €9,429 | €14,731 | +€5,302 | +56.2% |
| Suppliers | 440/4 | €9,429 | €14,731 | +€5,302 | +56.2% |
| Taxes, remuneration and social security | 45 | €21,872 | €16,824 | -€5,048 | -23.1% |
| Taxes | 450/3 | €9,915 | €4,661 | -€5,254 | -53.0% |
| Remuneration and social security | 454/9 | €11,956 | €12,163 | +€206 | +1.7% |
| Other amounts payable | 47/48 | €3,601 | €76 | -€3,525 | -97.9% |
| Accrued charges and deferred income | 492/3 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Remuneration, social security and pensions | 62 | €106,667 | €79,682 | -€26,985 | -25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,176 | €11,185 | +€9 | +0.1% |
| Other operating charges | 640/8 | €5,697 | €3,560 | -€2,137 | -37.5% |
| Non-recurring operating charges | 66A | €4,675 | - | -€4,675 | |
| Gross operating margin | 9900 | €131,995 | €110,862 | -€21,134 | -16.0% |
| Operating profit (loss) | 9901 | €3,780 | €16,435 | +€12,655 | +334.8% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1716.7% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1716.7% |
| Financial charges | 65/66B | €2,782 | €4,181 | +€1,399 | +50.3% |
| Recurring financial charges | 65 | €2,782 | €4,181 | +€1,399 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €999 | €12,255 | +€11,257 | +1127.0% |
| Income taxes | 67/77 | - | €59 | +€59 | |
| Profit (loss) for the period | 9904 | €999 | €12,197 | +€11,198 | +1121.2% |
| Profit (loss) for the period to be appropriated | 9905 | €999 | €12,197 | +€11,198 | +1121.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.