NVI: 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.
NVI
Largest movements
- Receivables within one year +€30,796
up €30,796 (+79.4%), from €38,770 to €69,566
of which Other amounts receivable: +€31,458
- Tangible fixed assets -€25,258
down €25,258 (-65.5%), from €38,546 to €13,288
of which Furniture and vehicles: -€23,414
- Deferred charges and accrued income -€3,470
down €3,470 (-35.4%), from €9,803 to €6,333
- Cash -€1,535
down €1,535 (-11.7%), from €13,152 to €11,617
mainly Receivables within one year (-€30,796) and Debts after one year (-€7,873)
- Debts after one year -€7,873
down €7,873 (-49.5%), from €15,903 to €8,030
- Profit (loss) carried forward +€5,976
up €5,976, from -€5,976 to €0
- Reserves +€5,483
up €5,483 (+55.6%), from €9,857 to €15,339
- Accrued charges and deferred income -€3,150
down €3,150 (-42.9%), from €7,350 to €4,200
- Tax, wage and social debts -€2,349
down €2,349 (-32.3%), from €7,267 to €4,918
of which Taxes: -€3,849
- Gross operating margin +€15,623
up €15,623 (+198%), from €7,902 to €23,525
- Depreciation -€4,218
down €4,218 (-52.6%), from €8,016 to €3,798
- Taxes +€3,993
up €3,993 (+1,916%), from €208 to €4,201
- Financial charges -€1,281
down €1,281 (-36.7%), from €3,486 to €2,205
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 | €100,270 | €100,803 | +€532 | +0.5% |
| Fixed assets | 21/28 | €38,546 | €13,288 | -€25,258 | -65.5% |
| Tangible fixed assets | 22/27 | €38,546 | €13,288 | -€25,258 | -65.5% |
| Plant, machinery and equipment | 23 | €5,766 | €4,196 | -€1,570 | -27.2% |
| Furniture and vehicles | 24 | €31,034 | €7,620 | -€23,414 | -75.4% |
| Other tangible fixed assets | 26 | €1,747 | €1,472 | -€275 | -15.7% |
| Current assets | 29/58 | €61,725 | €87,515 | +€25,791 | +41.8% |
| Amounts receivable within one year | 40/41 | €38,770 | €69,566 | +€30,796 | +79.4% |
| Trade receivables | 40 | €38,770 | €38,108 | -€662 | -1.7% |
| Other amounts receivable | 41 | €0 | €31,458 | +€31,458 | |
| Cash at bank and in hand | 54/58 | €13,152 | €11,617 | -€1,535 | -11.7% |
| Deferred charges and accrued income | 490/1 | €9,803 | €6,333 | -€3,470 | -35.4% |
| Total equity and liabilities | 10/49 | €100,270 | €100,803 | +€532 | +0.5% |
| Equity | 10/15 | €10,081 | €21,539 | +€11,458 | +114% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,857 | €15,339 | +€5,483 | +55.6% |
| Distributable reserves | 133 | €9,857 | €15,339 | +€5,483 | +55.6% |
| Profit (loss) carried forward | 14 | -€5,976 | €0 | +€5,976 | |
| Amounts payable | 17/49 | €90,189 | €79,263 | -€10,926 | -12.1% |
| Amounts payable after more than one year | 17 | €15,903 | €8,030 | -€7,873 | -49.5% |
| Financial debts | 170/4 | €15,903 | €8,030 | -€7,873 | -49.5% |
| Amounts payable within one year | 42/48 | €66,937 | €67,033 | +€97 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €7,718 | €7,873 | +€154 | +2.0% |
| Trade debts | 44 | €17,023 | €17,699 | +€676 | +4.0% |
| Suppliers | 440/4 | €17,023 | €17,699 | +€676 | +4.0% |
| Taxes, remuneration and social security | 45 | €7,267 | €4,918 | -€2,349 | -32.3% |
| Taxes | 450/3 | €7,267 | €3,418 | -€3,849 | -53.0% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €34,929 | €36,544 | +€1,616 | +4.6% |
| Accrued charges and deferred income | 492/3 | €7,350 | €4,200 | -€3,150 | -42.9% |
| Non-recurring operating income | 76A | - | €18,540 | +€18,540 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,016 | €3,798 | -€4,218 | -52.6% |
| Other operating charges | 640/8 | €861 | €1,040 | +€179 | +20.8% |
| Non-recurring operating charges | 66A | €1,320 | €0 | -€1,320 | -100% |
| Gross operating margin | 9900 | €7,902 | €23,525 | +€15,623 | +198% |
| Operating profit (loss) | 9901 | -€2,295 | €18,687 | +€20,982 | |
| Financial income | 75/76B | €14 | €10 | -€4 | -27.4% |
| Recurring financial income | 75 | €14 | €10 | -€4 | -27.4% |
| Financial charges | 65/66B | €3,486 | €2,205 | -€1,281 | -36.7% |
| Recurring financial charges | 65 | €3,486 | €2,205 | -€1,281 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,767 | €16,492 | +€22,259 | |
| Income taxes | 67/77 | €208 | €4,201 | +€3,993 | +1,916% |
| Profit (loss) for the period | 9904 | -€5,976 | €12,291 | +€18,267 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,976 | €12,291 | +€18,267 |
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 16 October 2026 via checked.be.