NVRGIVUP: 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.
NVRGIVUP
Largest movements
- Tangible fixed assets +€4,715
up €4,715 (+313%), from €1,504 to €6,219
of which Other tangible fixed assets: +€5,250
- Receivables within one year -€2,280
down €2,280 (-26.9%), from €8,463 to €6,183
of which Trade receivables: -€2,356
- Cash -€1,448
down €1,448 (-49.7%), from €2,915 to €1,467
mainly Other debts (-€54,466) and Trade debts (-€9,759)
- Contributions +€59,000
up €59,000 (+2,360%), from €2,500 to €61,500
of which Capital: +€61,500
- Other debts -€54,466
down €54,466 (-100%), from €54,466 to €0
- Trade debts -€9,759
down €9,759 (-80.4%), from €12,135 to €2,376
- Profit (loss) carried forward +€6,212
up €6,212 (+11.0%), from -€56,218 to -€50,007
- Gross operating margin +€61,761
up €61,761, from -€54,056 to €7,705
- Other operating charges +€860
up €860, from €0 to €860
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 | €12,882 | €13,869 | +€987 | +7.7% |
| Fixed assets | 21/28 | €1,504 | €6,219 | +€4,715 | +313% |
| Tangible fixed assets | 22/27 | €1,504 | €6,219 | +€4,715 | +313% |
| Furniture and vehicles | 24 | €1,504 | €969 | -€535 | -35.6% |
| Other tangible fixed assets | 26 | - | €5,250 | +€5,250 | |
| Current assets | 29/58 | €11,378 | €7,650 | -€3,728 | -32.8% |
| Amounts receivable within one year | 40/41 | €8,463 | €6,183 | -€2,280 | -26.9% |
| Trade receivables | 40 | €2,500 | €144 | -€2,356 | -94.3% |
| Other amounts receivable | 41 | €5,963 | €6,039 | +€76 | +1.3% |
| Cash at bank and in hand | 54/58 | €2,915 | €1,467 | -€1,448 | -49.7% |
| Total equity and liabilities | 10/49 | €12,882 | €13,869 | +€987 | +7.7% |
| Equity | 10/15 | -€53,718 | €11,493 | +€65,212 | |
| Contributions | 10/11 | €2,500 | €61,500 | +€59,000 | +2,360% |
| Capital | 10 | - | €61,500 | +€61,500 | |
| Issued capital | 100 | - | €61,500 | +€61,500 | |
| Contributions outside capital | 11 | - | €0 | = | |
| Other | 1109/19 | - | €0 | = | |
| Profit (loss) carried forward | 14 | -€56,218 | -€50,007 | +€6,212 | +11.0% |
| Amounts payable | 17/49 | €66,601 | €2,376 | -€64,225 | -96.4% |
| Amounts payable within one year | 42/48 | €66,601 | €2,376 | -€64,225 | -96.4% |
| Trade debts | 44 | €12,135 | €2,376 | -€9,759 | -80.4% |
| Suppliers | 440/4 | €12,135 | €2,376 | -€9,759 | -80.4% |
| Other amounts payable | 47/48 | €54,466 | €0 | -€54,466 | -100% |
| Non-recurring operating income | 76A | - | €151,117 | +€151,117 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101 | €535 | +€434 | +430% |
| Other operating charges | 640/8 | €0 | €860 | +€860 | |
| Gross operating margin | 9900 | -€54,056 | €7,705 | +€61,761 | |
| Operating profit (loss) | 9901 | -€54,157 | €6,310 | +€60,467 | |
| Financial charges | 65/66B | €53 | €99 | +€45 | +85.0% |
| Recurring financial charges | 65 | €53 | €99 | +€45 | +85.0% |
| Profit (loss) for the period before taxes | 9903 | -€54,210 | €6,212 | +€60,422 | |
| Profit (loss) for the period | 9904 | -€54,210 | €6,212 | +€60,422 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,210 | €6,212 | +€60,422 |
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 21 October 2026 via checked.be.