NVG Concepts: 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.
NVG Concepts
Largest movements
- Receivables within one year +€18,356
up €18,356 (+165%), from €11,091 to €29,447
of which Trade receivables: +€16,873
- Cash -€6,261
down €6,261 (-61.3%), from €10,215 to €3,955
mainly Net result for the year (-€35,936) and Receivables within one year (-€18,356)
- Tangible fixed assets -€2,135
down €2,135 (-23.0%), from €9,271 to €7,136
of which Furniture and vehicles: -€1,712
- Deferred charges and accrued income +€899
up €899 (+387%), from €232 to €1,131
- Other debts +€58,330
up €58,330 (+369%), from €15,787 to €74,116
- Profit (loss) carried forward -€35,936
down €35,936 (-197%), from -€18,199 to -€54,135
- Trade debts -€8,291
down €8,291 (-56.8%), from €14,588 to €6,298
- Tax, wage and social debts -€3,244
down €3,244 (-89.3%), from €3,634 to €390
- Gross operating margin -€17,813
down €17,813 (-162%), from -€10,968 to -€28,781
- Other operating charges +€1,403
up €1,403 (+396%), from €354 to €1,757
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 | €30,810 | €41,668 | +€10,859 | +35.2% |
| Fixed assets | 21/28 | €9,271 | €7,136 | -€2,135 | -23.0% |
| Tangible fixed assets | 22/27 | €9,271 | €7,136 | -€2,135 | -23.0% |
| Land and buildings | 22 | €3,586 | €3,162 | -€424 | -11.8% |
| Furniture and vehicles | 24 | €5,685 | €3,974 | -€1,712 | -30.1% |
| Current assets | 29/58 | €21,539 | €34,533 | +€12,994 | +60.3% |
| Amounts receivable within one year | 40/41 | €11,091 | €29,447 | +€18,356 | +165% |
| Trade receivables | 40 | €11,091 | €27,965 | +€16,873 | +152% |
| Other amounts receivable | 41 | - | €1,482 | +€1,482 | |
| Cash at bank and in hand | 54/58 | €10,215 | €3,955 | -€6,261 | -61.3% |
| Deferred charges and accrued income | 490/1 | €232 | €1,131 | +€899 | +387% |
| Total equity and liabilities | 10/49 | €30,810 | €41,668 | +€10,859 | +35.2% |
| Equity | 10/15 | -€3,199 | -€39,135 | -€35,936 | -1,123% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,199 | -€54,135 | -€35,936 | -197% |
| Amounts payable | 17/49 | €34,009 | €80,804 | +€46,795 | +138% |
| Amounts payable within one year | 42/48 | €34,009 | €80,804 | +€46,795 | +138% |
| Trade debts | 44 | €14,588 | €6,298 | -€8,291 | -56.8% |
| Suppliers | 440/4 | €14,588 | €6,298 | -€8,291 | -56.8% |
| Taxes, remuneration and social security | 45 | €3,634 | €390 | -€3,244 | -89.3% |
| Taxes | 450/3 | €3,634 | €390 | -€3,244 | -89.3% |
| Other amounts payable | 47/48 | €15,787 | €74,116 | +€58,330 | +369% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,135 | €2,135 | = | 0.0% |
| Other operating charges | 640/8 | €354 | €1,757 | +€1,403 | +396% |
| Gross operating margin | 9900 | -€10,968 | -€28,781 | -€17,813 | -162% |
| Operating profit (loss) | 9901 | -€13,457 | -€32,673 | -€19,217 | -143% |
| Financial charges | 65/66B | €3,249 | €3,056 | -€194 | -6.0% |
| Recurring financial charges | 65 | €3,249 | €3,056 | -€194 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,706 | -€35,729 | -€19,023 | -114% |
| Income taxes | 67/77 | €182 | €207 | +€25 | +13.6% |
| Profit (loss) for the period | 9904 | -€16,889 | -€35,936 | -€19,047 | -113% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,889 | -€35,936 | -€19,047 | -113% |
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 14 October 2026 via checked.be.