NVR-82: 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.
NVR-82
Largest movements
- Receivables within one year -€343,860
down €343,860 (-89.3%), from €385,000 to €41,140
of which Other amounts receivable: -€375,000
- Tangible fixed assets +€133,590
up €133,590 (+496.0%), from €26,933 to €160,523
- Current portion of long-term debt -€348,741
down €348,741 (-93.6%), from €372,653 to €23,912
- Reserves +€118,106
up €118,106 (+2.5%), from €4.8m to €4.9m
- Other debts -€107,402
down €107,402 (-31.9%), from €336,573 to €229,171
- Gross operating margin +€19,615
up €19,615 (+5.7%), from €342,352 to €361,967
- Financial income -€14,241
down €14,241 (-32.1%), from €44,319 to €30,078
- Financial charges -€11,422
down €11,422 (-5.1%), from €223,821 to €212,399
- Depreciation -€8,397
down €8,397 (-31.4%), from €26,714 to €18,317
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 | €9,130,996 | €8,888,247 | -€242,750 | -2.7% |
| Fixed assets | 21/28 | €8,566,302 | €8,699,891 | +€133,590 | +1.6% |
| Tangible fixed assets | 22/27 | €26,933 | €160,523 | +€133,590 | +496.0% |
| Furniture and vehicles | 24 | €26,933 | €160,523 | +€133,590 | +496.0% |
| Financial fixed assets | 28 | €8,539,368 | €8,539,368 | = | 0.0% |
| Current assets | 29/58 | €564,695 | €188,356 | -€376,339 | -66.6% |
| Amounts receivable within one year | 40/41 | €385,000 | €41,140 | -€343,860 | -89.3% |
| Trade receivables | 40 | €10,000 | €41,140 | +€31,140 | +311.4% |
| Other amounts receivable | 41 | €375,000 | - | -€375,000 | |
| Current investments | 50/53 | €96,651 | €126,658 | +€30,008 | +31.0% |
| Cash at bank and in hand | 54/58 | €79,190 | €16,808 | -€62,382 | -78.8% |
| Deferred charges and accrued income | 490/1 | €3,854 | €3,749 | -€105 | -2.7% |
| Total equity and liabilities | 10/49 | €9,130,996 | €8,888,247 | -€242,750 | -2.7% |
| Equity | 10/15 | €4,814,829 | €4,932,935 | +€118,106 | +2.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €4,794,829 | €4,912,935 | +€118,106 | +2.5% |
| Distributable reserves | 133 | €4,794,829 | €4,912,935 | +€118,106 | +2.5% |
| Amounts payable | 17/49 | €4,316,167 | €3,955,312 | -€360,856 | -8.4% |
| Amounts payable after more than one year | 17 | €3,500,000 | €3,589,395 | +€89,395 | +2.6% |
| Financial debts | 170/4 | - | €89,395 | +€89,395 | |
| Other amounts payable | 178/9 | €3,500,000 | €3,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €816,167 | €365,916 | -€450,251 | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €372,653 | €23,912 | -€348,741 | -93.6% |
| Financial debts | 43 | €10,129 | €11,776 | +€1,647 | +16.3% |
| Credit institutions | 430/8 | €10,129 | €11,776 | +€1,647 | +16.3% |
| Trade debts | 44 | €404 | €850 | +€446 | +110.2% |
| Suppliers | 440/4 | €404 | €850 | +€446 | +110.2% |
| Taxes, remuneration and social security | 45 | €96,407 | €100,207 | +€3,800 | +3.9% |
| Taxes | 450/3 | €96,407 | €100,207 | +€3,800 | +3.9% |
| Other amounts payable | 47/48 | €336,573 | €229,171 | -€107,402 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,714 | €18,317 | -€8,397 | -31.4% |
| Other operating charges | 640/8 | €4,856 | €3,124 | -€1,732 | -35.7% |
| Gross operating margin | 9900 | €342,352 | €361,967 | +€19,615 | +5.7% |
| Operating profit (loss) | 9901 | €310,782 | €340,527 | +€29,745 | +9.6% |
| Financial income | 75/76B | €44,319 | €30,078 | -€14,241 | -32.1% |
| Recurring financial income | 75 | €44,319 | €30,078 | -€14,241 | -32.1% |
| Financial charges | 65/66B | €223,821 | €212,399 | -€11,422 | -5.1% |
| Recurring financial charges | 65 | €223,821 | €212,399 | -€11,422 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €131,280 | €158,206 | +€26,926 | +20.5% |
| Income taxes | 67/77 | €38,100 | €40,100 | +€2,000 | +5.2% |
| Profit (loss) for the period | 9904 | €93,180 | €118,106 | +€24,926 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,180 | €118,106 | +€24,926 | +26.8% |
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 7 October 2026 via checked.be.