NVL Wood Construct: 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.
NVL Wood Construct
Largest movements
- Receivables within one year -€15,435
down €15,435 (-43.4%), from €35,556 to €20,121
of which Trade receivables: -€19,235
- Cash -€7,032
down €7,032 (-82.4%), from €8,538 to €1,506
mainly Net result for the year (-€21,944) and Trade debts (-€10,073)
- Stocks and contracts +€6,000
new in 2025: €6,000
- Tangible fixed assets +€1,666
up €1,666 (+24.9%), from €6,698 to €8,364
of which Furniture and vehicles: +€1,851
- Deferred charges and accrued income -€1,299
down €1,299 (-95.9%), from €1,354 to €55
- Reserves -€19,521
down €19,521 (-100%), from €19,521 to €0
- Debts after one year +€13,716
new in 2025: €13,716
- Trade debts -€10,073
down €10,073 (-37.9%), from €26,595 to €16,522
- Current portion of long-term debt +€4,518
new in 2025: €4,518
- Profit (loss) carried forward -€2,423
new in 2025: -€2,423
- Gross operating margin -€21,858
down €21,858, from €6,484 to -€15,374
- Depreciation +€838
up €838 (+21.9%), from €3,826 to €4,664
- Other operating charges -€636
down €636 (-83.0%), from €766 to €130
- Taxes -€431
down €431 (-75.4%), from €572 to €141
- Financial charges +€404
up €404 (+32.9%), from €1,230 to €1,634
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 | €52,146 | €36,046 | -€16,100 | -30.9% |
| Fixed assets | 21/28 | €6,698 | €8,364 | +€1,666 | +24.9% |
| Tangible fixed assets | 22/27 | €6,698 | €8,364 | +€1,666 | +24.9% |
| Plant, machinery and equipment | 23 | €1,129 | €1,115 | -€14 | -1.2% |
| Furniture and vehicles | 24 | €4,597 | €6,448 | +€1,851 | +40.3% |
| Other tangible fixed assets | 26 | €972 | €801 | -€171 | -17.6% |
| Current assets | 29/58 | €45,448 | €27,682 | -€17,766 | -39.1% |
| Stocks and contracts in progress | 3 | - | €6,000 | +€6,000 | |
| Stocks | 30/36 | - | €6,000 | +€6,000 | |
| Amounts receivable within one year | 40/41 | €35,556 | €20,121 | -€15,435 | -43.4% |
| Trade receivables | 40 | €28,313 | €9,078 | -€19,235 | -67.9% |
| Other amounts receivable | 41 | €7,243 | €11,043 | +€3,800 | +52.5% |
| Cash at bank and in hand | 54/58 | €8,538 | €1,506 | -€7,032 | -82.4% |
| Deferred charges and accrued income | 490/1 | €1,354 | €55 | -€1,299 | -95.9% |
| Total equity and liabilities | 10/49 | €52,146 | €36,046 | -€16,100 | -30.9% |
| Equity | 10/15 | €22,521 | €577 | -€21,944 | -97.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €19,521 | €0 | -€19,521 | -100% |
| Distributable reserves | 133 | €19,521 | €0 | -€19,521 | -100% |
| Profit (loss) carried forward | 14 | - | -€2,423 | -€2,423 | |
| Amounts payable | 17/49 | €29,625 | €35,469 | +€5,844 | +19.7% |
| Amounts payable after more than one year | 17 | - | €13,716 | +€13,716 | |
| Financial debts | 170/4 | - | €13,716 | +€13,716 | |
| Amounts payable within one year | 42/48 | €29,625 | €21,753 | -€7,872 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,518 | +€4,518 | |
| Trade debts | 44 | €26,595 | €16,522 | -€10,073 | -37.9% |
| Suppliers | 440/4 | €26,595 | €16,522 | -€10,073 | -37.9% |
| Taxes, remuneration and social security | 45 | €3,030 | €713 | -€2,317 | -76.5% |
| Taxes | 450/3 | €3,030 | €713 | -€2,317 | -76.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,826 | €4,664 | +€838 | +21.9% |
| Other operating charges | 640/8 | €766 | €130 | -€636 | -83.0% |
| Gross operating margin | 9900 | €6,484 | -€15,374 | -€21,858 | |
| Operating profit (loss) | 9901 | €1,891 | -€20,169 | -€22,060 | |
| Financial charges | 65/66B | €1,230 | €1,634 | +€404 | +32.9% |
| Recurring financial charges | 65 | €1,230 | €1,634 | +€404 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €662 | -€21,803 | -€22,464 | |
| Income taxes | 67/77 | €572 | €141 | -€431 | -75.4% |
| Profit (loss) for the period | 9904 | €89 | -€21,944 | -€22,033 | |
| Profit (loss) for the period to be appropriated | 9905 | €89 | -€21,944 | -€22,033 |
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 20 October 2026 via checked.be.