NVH Services: 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 Services
Largest movements
- Receivables within one year -€125,301
down €125,301 (-69.5%), from €180,162 to €54,860
of which Trade receivables: -€63,744
- Cash -€12,143
down €12,143 (-80.3%), from €15,116 to €2,973
mainly Net result for the year (-€125,779) and Debts after one year (-€16,955)
- Receivables after one year -€10,500
down €10,500 (-70.0%), from €15,000 to €4,500
- Tangible fixed assets -€5,051
down €5,051 (-6.4%), from €79,075 to €74,024
of which Furniture and vehicles: -€8,058
- Reserves -€125,779
down €125,779 (-66.5%), from €189,019 to €63,240
- Debts after one year -€16,955
down €16,955 (-35.2%), from €48,155 to €31,199
- Tax, wage and social debts -€13,534
down €13,534 (-72.6%), from €18,643 to €5,109
- Other operating charges +€77,577
up €77,577 (+4428.3%), from €1,752 to €79,329
- Gross operating margin -€41,119
down €41,119 (-53.9%), from €76,253 to €35,134
- Taxes -€14,056
down €14,056 (-98.3%), from €14,298 to €242
- Depreciation +€4,642
up €4,642 (+113.8%), from €4,079 to €8,720
- Financial charges +€1,777
up €1,777 (+143.9%), from €1,235 to €3,013
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 | €291,852 | €138,225 | -€153,628 | -52.6% |
| Fixed assets | 21/28 | €81,575 | €74,024 | -€7,551 | -9.3% |
| Tangible fixed assets | 22/27 | €79,075 | €74,024 | -€5,051 | -6.4% |
| Plant, machinery and equipment | 23 | €1,116 | €454 | -€663 | -59.4% |
| Furniture and vehicles | 24 | €77,959 | €69,901 | -€8,058 | -10.3% |
| Other tangible fixed assets | 26 | - | €3,669 | +€3,669 | |
| Financial fixed assets | 28 | €2,500 | €0 | -€2,500 | -100.0% |
| Current assets | 29/58 | €210,277 | €64,201 | -€146,077 | -69.5% |
| Amounts receivable after more than one year | 29 | €15,000 | €4,500 | -€10,500 | -70.0% |
| Other amounts receivable | 291 | €15,000 | €4,500 | -€10,500 | -70.0% |
| Amounts receivable within one year | 40/41 | €180,162 | €54,860 | -€125,301 | -69.5% |
| Trade receivables | 40 | €102,426 | €38,682 | -€63,744 | -62.2% |
| Other amounts receivable | 41 | €77,735 | €16,178 | -€61,557 | -79.2% |
| Cash at bank and in hand | 54/58 | €15,116 | €2,973 | -€12,143 | -80.3% |
| Deferred charges and accrued income | 490/1 | - | €1,868 | +€1,868 | |
| Total equity and liabilities | 10/49 | €291,852 | €138,225 | -€153,628 | -52.6% |
| Equity | 10/15 | €191,519 | €65,740 | -€125,779 | -65.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €189,019 | €63,240 | -€125,779 | -66.5% |
| Distributable reserves | 133 | €189,019 | €63,240 | -€125,779 | -66.5% |
| Amounts payable | 17/49 | €100,333 | €72,484 | -€27,849 | -27.8% |
| Amounts payable after more than one year | 17 | €48,155 | €31,199 | -€16,955 | -35.2% |
| Financial debts | 170/4 | €48,155 | €31,199 | -€16,955 | -35.2% |
| Amounts payable within one year | 42/48 | €52,178 | €41,285 | -€10,894 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €16,349 | €16,955 | +€607 | +3.7% |
| Financial debts | 43 | €8,825 | €8,795 | -€30 | -0.3% |
| Credit institutions | 430/8 | €8,825 | €8,795 | -€30 | -0.3% |
| Trade debts | 44 | €4,364 | €6,334 | +€1,970 | +45.1% |
| Suppliers | 440/4 | €4,364 | €6,334 | +€1,970 | +45.1% |
| Taxes, remuneration and social security | 45 | €18,643 | €5,109 | -€13,534 | -72.6% |
| Taxes | 450/3 | €18,643 | €5,109 | -€13,534 | -72.6% |
| Other amounts payable | 47/48 | €3,998 | €4,091 | +€93 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,079 | €8,720 | +€4,642 | +113.8% |
| Other operating charges | 640/8 | €1,752 | €79,329 | +€77,577 | +4428.3% |
| Non-recurring operating charges | 66A | €2,327 | €69,853 | +€67,526 | +2901.3% |
| Gross operating margin | 9900 | €76,253 | €35,134 | -€41,119 | -53.9% |
| Operating profit (loss) | 9901 | €68,095 | -€122,768 | -€190,863 | |
| Financial income | 75/76B | €11 | €244 | +€233 | +2122.3% |
| Recurring financial income | 75 | €11 | €244 | +€233 | +2122.3% |
| Financial charges | 65/66B | €1,235 | €3,013 | +€1,777 | +143.9% |
| Recurring financial charges | 65 | €1,235 | €3,013 | +€1,777 | +143.9% |
| Profit (loss) for the period before taxes | 9903 | €66,871 | -€125,537 | -€192,407 | |
| Income taxes | 67/77 | €14,298 | €242 | -€14,056 | -98.3% |
| Profit (loss) for the period | 9904 | €52,573 | -€125,779 | -€178,352 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,573 | -€125,779 | -€178,352 |
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 4 October 2026 via checked.be.