NVS Projects: what changed
What changed
NVS Projects
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€83,749
2024 · €81,946+€1,804
Equity
€299,786
2024 · €333,684-€33,898
Cash
€122,600
2024 · €138,031-€15,432
Balance sheet total
€606,223
2024 · €546,405+€59,819
Largest movements
Assets
- Receivables within one year +€54,629
up €54,629 (+41.4%), from €131,858 to €186,487
of which Other amounts receivable: +€28,370
- Tangible fixed assets +€36,194
up €36,194 (+16.2%), from €223,276 to €259,471
of which Other tangible fixed assets: +€24,947
- Stocks and contracts -€15,800
down €15,800 (-35.1%), from €45,000 to €29,200
of which Contracts in progress: -€19,300
- Cash -€15,432
down €15,432 (-11.2%), from €138,031 to €122,600
mainly Contributions, distributions and other (-€117,647) and Investment in fixed assets (net) (-€106,840)
Equity and liabilities
- Other debts +€95,404
up €95,404 (+323%), from €29,578 to €124,982
- Reserves -€33,898
down €33,898 (-10.8%), from €315,084 to €281,186
- Trade debts -€15,979
down €15,979 (-28.2%), from €56,581 to €40,602
- Debts after one year +€13,812
up €13,812 (+24.6%), from €56,188 to €70,000
Income statement
- Gross operating margin +€9,399
up €9,399 (+1.8%), from €522,264 to €531,664
- Depreciation +€6,534
up €6,534 (+10.2%), from €64,111 to €70,646
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€81,946
Gross operating margin
+€9,399
Staff costs
+€841
Depreciation
-€6,534
Write-downs
-€297
Other operating charges
-€405
Financial income
+€987
Financial charges
-€346
Taxes
-€1,841
Result 2025
€83,749
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€193,295
Investment
-€106,840
Financing
-€101,887
Cash 2024
€138,031
From operations (derived)
+€193,295
Net result for the year
+€83,749
Depreciation
+€70,646
Receivables after one year
-€1,146
Stocks and contracts
+€15,800
Receivables within one year
-€54,629
Deferred charges and accrued income
+€919
Trade debts
-€15,979
Tax, wage and social debts
-€2,705
Advances received
+€310
Other debts
+€95,404
Accrued charges and deferred income
+€927
Investment (derived)
-€106,840
Investment in fixed assets (net)
-€106,840
Financing
-€101,887
Debts after one year
+€13,812
Current portion of long-term debt
+€1,948
Contributions, distributions and other
-€117,647
Cash 2025
€122,600
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €546,405 | €606,223 | +€59,819 | +10.9% |
| Fixed assets | 21/28 | €223,276 | €259,471 | +€36,194 | +16.2% |
| Tangible fixed assets | 22/27 | €223,276 | €259,471 | +€36,194 | +16.2% |
| Plant, machinery and equipment | 23 | €19,857 | €19,559 | -€298 | -1.5% |
| Furniture and vehicles | 24 | €126,812 | €138,358 | +€11,545 | +9.1% |
| Other tangible fixed assets | 26 | €76,607 | €101,554 | +€24,947 | +32.6% |
| Current assets | 29/58 | €323,128 | €346,753 | +€23,624 | +7.3% |
| Amounts receivable after more than one year | 29 | - | €1,146 | +€1,146 | |
| Other amounts receivable | 291 | - | €1,146 | +€1,146 | |
| Stocks and contracts in progress | 3 | €45,000 | €29,200 | -€15,800 | -35.1% |
| Stocks | 30/36 | €20,000 | €23,500 | +€3,500 | +17.5% |
| Contracts in progress | 37 | €25,000 | €5,700 | -€19,300 | -77.2% |
| Amounts receivable within one year | 40/41 | €131,858 | €186,487 | +€54,629 | +41.4% |
| Trade receivables | 40 | €99,991 | €126,250 | +€26,259 | +26.3% |
| Other amounts receivable | 41 | €31,867 | €60,237 | +€28,370 | +89.0% |
| Cash at bank and in hand | 54/58 | €138,031 | €122,600 | -€15,432 | -11.2% |
| Deferred charges and accrued income | 490/1 | €8,239 | €7,320 | -€919 | -11.2% |
| Total equity and liabilities | 10/49 | €546,405 | €606,223 | +€59,819 | +10.9% |
| Equity | 10/15 | €333,684 | €299,786 | -€33,898 | -10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €315,084 | €281,186 | -€33,898 | -10.8% |
| Distributable reserves | 133 | €315,084 | €281,186 | -€33,898 | -10.8% |
| Amounts payable | 17/49 | €212,721 | €306,437 | +€93,717 | +44.1% |
| Amounts payable after more than one year | 17 | €56,188 | €70,000 | +€13,812 | +24.6% |
| Financial debts | 170/4 | €56,188 | €70,000 | +€13,812 | +24.6% |
| Amounts payable within one year | 42/48 | €155,826 | €234,804 | +€78,978 | +50.7% |
| Current portion of amounts payable after more than one year | 42 | €43,926 | €45,874 | +€1,948 | +4.4% |
| Trade debts | 44 | €56,581 | €40,602 | -€15,979 | -28.2% |
| Suppliers | 440/4 | €56,581 | €40,602 | -€15,979 | -28.2% |
| Advances received on contracts in progress | 46 | - | €310 | +€310 | |
| Taxes, remuneration and social security | 45 | €25,741 | €23,036 | -€2,705 | -10.5% |
| Taxes | 450/3 | €14,762 | €11,375 | -€3,387 | -22.9% |
| Remuneration and social security | 454/9 | €10,979 | €11,661 | +€682 | +6.2% |
| Other amounts payable | 47/48 | €29,578 | €124,982 | +€95,404 | +323% |
| Accrued charges and deferred income | 492/3 | €707 | €1,634 | +€927 | +131% |
| Remuneration, social security and pensions | 62 | €342,091 | €341,250 | -€841 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,111 | €70,646 | +€6,534 | +10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €633 | €929 | +€297 | +46.9% |
| Other operating charges | 640/8 | €2,727 | €3,131 | +€405 | +14.8% |
| Gross operating margin | 9900 | €522,264 | €531,664 | +€9,399 | +1.8% |
| Operating profit (loss) | 9901 | €112,703 | €115,707 | +€3,004 | +2.7% |
| Financial income | 75/76B | €179 | €1,166 | +€987 | +551% |
| Recurring financial income | 75 | €179 | €1,166 | +€987 | +551% |
| Financial charges | 65/66B | €2,962 | €3,309 | +€346 | +11.7% |
| Recurring financial charges | 65 | €2,962 | €3,309 | +€346 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €109,920 | €113,565 | +€3,645 | +3.3% |
| Income taxes | 67/77 | €27,975 | €29,816 | +€1,841 | +6.6% |
| Profit (loss) for the period | 9904 | €81,946 | €83,749 | +€1,804 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,946 | €83,749 | +€1,804 | +2.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.