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
- Receivables within one year +€12,081
up €12,081 (+58.3%), from €20,739 to €32,820
- Tangible fixed assets -€9,180
down €9,180 (-19.9%), from €46,218 to €37,038
of which Furniture and vehicles: -€8,452
- Stocks and contracts +€7,581
up €7,581 (+58.9%), from €12,859 to €20,440
- Trade debts -€11,853
down €11,853 (-45.3%), from €26,160 to €14,307
- Profit (loss) carried forward +€10,464
no longer reported in 2025 (was -€10,464)
- Debts after one year -€7,943
down €7,943 (-42.9%), from €18,521 to €10,579
- Reserves +€6,306
up €6,306 (+43.2%), from €14,605 to €20,911
- Advances received +€4,971
new in 2025: €4,971
- Gross operating margin +€18,240
up €18,240 (+72.5%), from €25,174 to €43,414
- Taxes +€2,231
up €2,231 (+1447.9%), from €154 to €2,386
- Depreciation +€1,136
up €1,136 (+9.2%), from €12,367 to €13,503
- Other operating charges +€675
up €675 (+21.5%), from €3,143 to €3,817
- Financial charges +€487
up €487 (+36.1%), from €1,349 to €1,836
of which Non-recurring financial charges: +€454
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 | €89,235 | €98,458 | +€9,223 | +10.3% |
| Fixed assets | 21/28 | €50,118 | €40,938 | -€9,180 | -18.3% |
| Tangible fixed assets | 22/27 | €46,218 | €37,038 | -€9,180 | -19.9% |
| Land and buildings | 22 | €1,831 | €1,107 | -€724 | -39.5% |
| Plant, machinery and equipment | 23 | €12,921 | €13,315 | +€395 | +3.1% |
| Furniture and vehicles | 24 | €29,543 | €21,091 | -€8,452 | -28.6% |
| Leasing and similar rights | 25 | €1,923 | €1,524 | -€399 | -20.7% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €39,117 | €57,520 | +€18,403 | +47.0% |
| Stocks and contracts in progress | 3 | €12,859 | €20,440 | +€7,581 | +58.9% |
| Stocks | 30/36 | €12,859 | €20,440 | +€7,581 | +58.9% |
| Amounts receivable within one year | 40/41 | €20,739 | €32,820 | +€12,081 | +58.3% |
| Trade receivables | 40 | €20,739 | €32,820 | +€12,081 | +58.3% |
| Cash at bank and in hand | 54/58 | €2,809 | €2,315 | -€493 | -17.6% |
| Deferred charges and accrued income | 490/1 | €2,711 | €1,945 | -€766 | -28.2% |
| Total equity and liabilities | 10/49 | €89,235 | €98,458 | +€9,223 | +10.3% |
| Equity | 10/15 | €22,691 | €39,461 | +€16,769 | +73.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €14,605 | €20,911 | +€6,306 | +43.2% |
| Distributable reserves | 133 | €14,605 | €20,911 | +€6,306 | +43.2% |
| Profit (loss) carried forward | 14 | -€10,464 | - | +€10,464 | |
| Amounts payable | 17/49 | €66,544 | €58,998 | -€7,546 | -11.3% |
| Amounts payable after more than one year | 17 | €18,521 | €10,579 | -€7,943 | -42.9% |
| Financial debts | 170/4 | €18,521 | €10,579 | -€7,943 | -42.9% |
| Amounts payable within one year | 42/48 | €45,772 | €46,169 | +€397 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €7,729 | €7,703 | -€26 | -0.3% |
| Trade debts | 44 | €26,160 | €14,307 | -€11,853 | -45.3% |
| Suppliers | 440/4 | €26,160 | €14,307 | -€11,853 | -45.3% |
| Advances received on contracts in progress | 46 | - | €4,971 | +€4,971 | |
| Taxes, remuneration and social security | 45 | €4,442 | €8,758 | +€4,316 | +97.2% |
| Taxes | 450/3 | €3,242 | €8,758 | +€5,516 | +170.2% |
| Remuneration and social security | 454/9 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €7,442 | €10,430 | +€2,988 | +40.2% |
| Accrued charges and deferred income | 492/3 | €2,250 | €2,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,367 | €13,503 | +€1,136 | +9.2% |
| Other operating charges | 640/8 | €3,143 | €3,817 | +€675 | +21.5% |
| Gross operating margin | 9900 | €25,174 | €43,414 | +€18,240 | +72.5% |
| Operating profit (loss) | 9901 | €9,664 | €26,094 | +€16,429 | +170.0% |
| Financial income | 75/76B | €0 | €7 | +€7 | +74200.0% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +74200.0% |
| Financial charges | 65/66B | €1,349 | €1,836 | +€487 | +36.1% |
| Recurring financial charges | 65 | €1,349 | €1,382 | +€33 | +2.5% |
| Non-recurring financial charges | 66B | - | €454 | +€454 | |
| Profit (loss) for the period before taxes | 9903 | €8,315 | €24,265 | +€15,950 | +191.8% |
| Income taxes | 67/77 | €154 | €2,386 | +€2,231 | +1447.9% |
| Profit (loss) for the period | 9904 | €8,161 | €21,879 | +€13,718 | +168.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,161 | €21,879 | +€13,718 | +168.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.