NVH-IA: 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.
NVH-IA
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-80.4%), from €24,877 to €4,877
- Tangible fixed assets -€18,098
down €18,098 (-5.2%), from €347,160 to €329,062
of which Furniture and vehicles: -€19,033
- Cash +€9,139
up €9,139 (+54.1%), from €16,887 to €26,027
mainly Depreciation (+€45,875) and Trade debts (+€15,330)
- Stocks and contracts -€5,598
down €5,598 (-9.1%), from €61,588 to €55,990
- Debts after one year -€40,839
down €40,839 (-15.8%), from €259,028 to €218,189
- Profit (loss) carried forward -€22,782
down €22,782 (-30.9%), from -€73,695 to -€96,477
- Trade debts +€15,330
up €15,330 (+14.7%), from €104,106 to €119,436
- Other debts +€12,263
up €12,263 (+12.9%), from €94,828 to €107,091
- Accrued charges and deferred income -€11,875
down €11,875 (-100%), from €11,875 to €0
- Gross operating margin +€35,227
up €35,227 (+63.6%), from €55,421 to €90,648
- Taxes +€11,889
up €11,889 (+2,689%), from €442 to €12,331
- Depreciation +€3,924
up €3,924 (+9.4%), from €41,951 to €45,875
- Other operating charges +€1,972
up €1,972 (+135%), from €1,465 to €3,438
- Financial charges -€1,622
down €1,622 (-14.0%), from €11,605 to €9,983
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 | €466,290 | €429,557 | -€36,733 | -7.9% |
| Fixed assets | 21/28 | €372,037 | €333,939 | -€38,098 | -10.2% |
| Intangible fixed assets | 21 | €24,877 | €4,877 | -€20,000 | -80.4% |
| Tangible fixed assets | 22/27 | €347,160 | €329,062 | -€18,098 | -5.2% |
| Land and buildings | 22 | €295,333 | €298,818 | +€3,484 | +1.2% |
| Plant, machinery and equipment | 23 | €4,298 | €2,900 | -€1,398 | -32.5% |
| Furniture and vehicles | 24 | €44,961 | €25,928 | -€19,033 | -42.3% |
| Other tangible fixed assets | 26 | €2,568 | €1,416 | -€1,152 | -44.9% |
| Current assets | 29/58 | €94,253 | €95,618 | +€1,365 | +1.4% |
| Stocks and contracts in progress | 3 | €61,588 | €55,990 | -€5,598 | -9.1% |
| Stocks | 30/36 | €61,588 | €55,990 | -€5,598 | -9.1% |
| Amounts receivable within one year | 40/41 | €13,960 | €11,817 | -€2,143 | -15.3% |
| Trade receivables | 40 | €6,269 | €2,876 | -€3,393 | -54.1% |
| Other amounts receivable | 41 | €7,691 | €8,941 | +€1,250 | +16.3% |
| Cash at bank and in hand | 54/58 | €16,887 | €26,027 | +€9,139 | +54.1% |
| Deferred charges and accrued income | 490/1 | €1,818 | €1,785 | -€33 | -1.8% |
| Total equity and liabilities | 10/49 | €466,290 | €429,557 | -€36,733 | -7.9% |
| Equity | 10/15 | -€49,274 | -€72,055 | -€22,782 | -46.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €12,021 | €12,021 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,161 | €10,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,695 | -€96,477 | -€22,782 | -30.9% |
| Amounts payable | 17/49 | €515,564 | €501,612 | -€13,952 | -2.7% |
| Amounts payable after more than one year | 17 | €259,028 | €218,189 | -€40,839 | -15.8% |
| Financial debts | 170/4 | €259,028 | €218,189 | -€40,839 | -15.8% |
| Amounts payable within one year | 42/48 | €244,661 | €283,423 | +€38,762 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €40,274 | €40,839 | +€565 | +1.4% |
| Trade debts | 44 | €104,106 | €119,436 | +€15,330 | +14.7% |
| Suppliers | 440/4 | €104,106 | €119,436 | +€15,330 | +14.7% |
| Taxes, remuneration and social security | 45 | €5,453 | €16,057 | +€10,604 | +194% |
| Taxes | 450/3 | €3,503 | €3,724 | +€221 | +6.3% |
| Remuneration and social security | 454/9 | €1,950 | €12,333 | +€10,383 | +532% |
| Other amounts payable | 47/48 | €94,828 | €107,091 | +€12,263 | +12.9% |
| Accrued charges and deferred income | 492/3 | €11,875 | €0 | -€11,875 | -100% |
| Non-recurring operating income | 76A | €7,200 | €0 | -€7,200 | -100% |
| Remuneration, social security and pensions | 62 | €41,292 | €41,825 | +€533 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,951 | €45,875 | +€3,924 | +9.4% |
| Other operating charges | 640/8 | €1,465 | €3,438 | +€1,972 | +135% |
| Gross operating margin | 9900 | €55,421 | €90,648 | +€35,227 | +63.6% |
| Operating profit (loss) | 9901 | -€29,287 | -€490 | +€28,797 | +98.3% |
| Financial income | 75/76B | €238 | €22 | -€216 | -90.9% |
| Recurring financial income | 75 | €238 | €22 | -€216 | -90.9% |
| Financial charges | 65/66B | €11,605 | €9,983 | -€1,622 | -14.0% |
| Recurring financial charges | 65 | €11,605 | €9,983 | -€1,622 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€40,654 | -€10,451 | +€30,203 | +74.3% |
| Income taxes | 67/77 | €442 | €12,331 | +€11,889 | +2,689% |
| Profit (loss) for the period | 9904 | -€41,096 | -€22,782 | +€18,314 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,096 | -€22,782 | +€18,314 | +44.6% |
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 31 October 2026 via checked.be.