NVH Construct: 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.
NVH Construct
Largest movements
- Tangible fixed assets +€28,859
up €28,859, from €0 to €28,859
- Cash -€5,434
down €5,434 (-45.4%), from €11,971 to €6,537
mainly Investment in fixed assets (net) (-€33,000) and Receivables within one year (-€3,032)
- Receivables within one year +€3,032
up €3,032 (+73.4%), from €4,132 to €7,164
of which Other amounts receivable: +€1,547
- Debts after one year +€13,557
up €13,557, from €0 to €13,557
- Current portion of long-term debt +€9,207
up €9,207, from €0 to €9,207
- Profit (loss) carried forward +€1,957
up €1,957 (+61.5%), from €3,181 to €5,138
- Tax, wage and social debts +€1,610
up €1,610 (+16.2%), from €9,953 to €11,563
of which Remuneration and social security: +€6,000
- Gross operating margin +€4,367
up €4,367 (+128.9%), from €3,389 to €7,756
- Depreciation +€4,141
up €4,141, from €0 to €4,141
- Financial charges -€778
down €778 (-45.0%), from €1,727 to €949
of which Financial charges: -€778
- Taxes +€227
up €227 (+76.5%), from €296 to €523
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 | €16,103 | €42,560 | +€26,457 | +164.3% |
| Fixed assets | 21/28 | €0 | €28,859 | +€28,859 | |
| Tangible fixed assets | 22/27 | €0 | €28,859 | +€28,859 | |
| Furniture and vehicles | 24 | €0 | €28,859 | +€28,859 | |
| Current assets | 29/58 | €16,103 | €13,701 | -€2,402 | -14.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €4,132 | €7,164 | +€3,032 | +73.4% |
| Trade receivables | 40 | €3,758 | €5,243 | +€1,485 | +39.5% |
| Other amounts receivable | 41 | €374 | €1,921 | +€1,547 | +413.2% |
| Cash at bank and in hand | 54/58 | €11,971 | €6,537 | -€5,434 | -45.4% |
| Total equity and liabilities | 10/49 | €16,103 | €42,560 | +€26,457 | +164.3% |
| Equity | 10/15 | €5,181 | €7,138 | +€1,957 | +37.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,181 | €5,138 | +€1,957 | +61.5% |
| Amounts payable | 17/49 | €10,922 | €35,422 | +€24,500 | +224.3% |
| Amounts payable after more than one year | 17 | €0 | €13,557 | +€13,557 | |
| Financial debts | 170/4 | €0 | €13,557 | +€13,557 | |
| Amounts payable within one year | 42/48 | €10,922 | €21,865 | +€10,943 | +100.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | €9,207 | +€9,207 | |
| Trade debts | 44 | €219 | €186 | -€34 | -15.3% |
| Suppliers | 440/4 | €219 | €186 | -€34 | -15.3% |
| Taxes, remuneration and social security | 45 | €9,953 | €11,563 | +€1,610 | +16.2% |
| Taxes | 450/3 | €8,453 | €4,063 | -€4,390 | -51.9% |
| Remuneration and social security | 454/9 | €1,500 | €7,500 | +€6,000 | +400.0% |
| Other amounts payable | 47/48 | €750 | €910 | +€160 | +21.3% |
| Non-recurring operating income | 76A | €5,753 | - | -€5,753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €4,141 | +€4,141 | |
| Other operating charges | 640/8 | €182 | €186 | +€4 | +2.1% |
| Gross operating margin | 9900 | €3,389 | €7,756 | +€4,367 | +128.9% |
| Operating profit (loss) | 9901 | €3,207 | €3,429 | +€222 | +6.9% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €1,727 | €949 | -€778 | -45.0% |
| Recurring financial charges | 65 | €1,727 | €949 | -€778 | -45.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,482 | €2,480 | +€998 | +67.3% |
| Income taxes | 67/77 | €296 | €523 | +€227 | +76.5% |
| Profit (loss) for the period | 9904 | €1,186 | €1,957 | +€771 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,186 | €1,957 | +€771 | +65.0% |
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 7 October 2026 via checked.be.