NVN: 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.
NVN
Largest movements
- Tangible fixed assets -€4,684
down €4,684 (-22.1%), from €21,230 to €16,546
of which Plant, machinery and equipment: -€3,166
- Receivables within one year +€4,006
up €4,006 (+61.8%), from €6,477 to €10,483
of which Trade receivables: +€10,313
- Cash -€3,442
down €3,442 (-31.0%), from €11,090 to €7,648
mainly Other debts (-€9,512) and Receivables within one year (-€4,006)
- Other debts -€9,512
down €9,512 (-30.9%), from €30,816 to €21,304
- Profit (loss) carried forward +€3,157
up €3,157 (+115.1%), from €2,744 to €5,901
- Tax, wage and social debts +€2,697
up €2,697 (+31.5%), from €8,568 to €11,265
of which Taxes: +€3,196
- Staff costs +€9,285
up €9,285 (+839.3%), from €1,106 to €10,391
- Purchases and services +€7,360
up €7,360 (+7.0%), from €104,690 to €112,050
- Other operating charges -€4,962
down €4,962 (-76.5%), from €6,484 to €1,522
- Gross operating margin -€4,470
down €4,470 (-17.9%), from €24,977 to €20,507
- Turnover +€2,890
up €2,890 (+2.2%), from €129,667 to €132,557
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,346 | €49,226 | -€4,120 | -7.7% |
| Fixed assets | 21/28 | €35,780 | €31,096 | -€4,684 | -13.1% |
| Tangible fixed assets | 22/27 | €21,230 | €16,546 | -€4,684 | -22.1% |
| Plant, machinery and equipment | 23 | €15,157 | €11,991 | -€3,166 | -20.9% |
| Other tangible fixed assets | 26 | €6,073 | €4,555 | -€1,518 | -25.0% |
| Financial fixed assets | 28 | €14,550 | €14,550 | = | 0.0% |
| Current assets | 29/58 | €17,566 | €18,130 | +€564 | +3.2% |
| Amounts receivable within one year | 40/41 | €6,477 | €10,483 | +€4,006 | +61.8% |
| Trade receivables | 40 | - | €10,313 | +€10,313 | |
| Other amounts receivable | 41 | €6,477 | €170 | -€6,307 | -97.4% |
| Cash at bank and in hand | 54/58 | €11,090 | €7,648 | -€3,442 | -31.0% |
| Total equity and liabilities | 10/49 | €53,346 | €49,226 | -€4,120 | -7.7% |
| Equity | 10/15 | €12,744 | €15,901 | +€3,157 | +24.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,744 | €5,901 | +€3,157 | +115.1% |
| Amounts payable | 17/49 | €40,602 | €33,325 | -€7,277 | -17.9% |
| Amounts payable within one year | 42/48 | €40,602 | €33,325 | -€7,277 | -17.9% |
| Trade debts | 44 | €1,219 | €756 | -€463 | -38.0% |
| Suppliers | 440/4 | €1,219 | €756 | -€463 | -38.0% |
| Taxes, remuneration and social security | 45 | €8,568 | €11,265 | +€2,697 | +31.5% |
| Taxes | 450/3 | €7,462 | €10,658 | +€3,196 | +42.8% |
| Remuneration and social security | 454/9 | €1,106 | €607 | -€499 | -45.1% |
| Other amounts payable | 47/48 | €30,816 | €21,304 | -€9,512 | -30.9% |
| Turnover | 70 | €129,667 | €132,557 | +€2,890 | +2.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €104,690 | €112,050 | +€7,360 | +7.0% |
| Remuneration, social security and pensions | 62 | €1,106 | €10,391 | +€9,285 | +839.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,191 | €5,284 | +€93 | +1.8% |
| Other operating charges | 640/8 | €6,484 | €1,522 | -€4,962 | -76.5% |
| Gross operating margin | 9900 | €24,977 | €20,507 | -€4,470 | -17.9% |
| Operating profit (loss) | 9901 | €12,196 | €3,309 | -€8,887 | -72.9% |
| Financial charges | 65/66B | €125 | €152 | +€27 | +21.8% |
| Recurring financial charges | 65 | €125 | €152 | +€27 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €12,071 | €3,157 | -€8,914 | -73.8% |
| Profit (loss) for the period | 9904 | €12,071 | €3,157 | -€8,914 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,071 | €3,157 | -€8,914 | -73.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.