NVT WORX: 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.
NVT WORX
Largest movements
- Receivables within one year +€52,241
up €52,241 (+146%), from €35,720 to €87,961
of which Other amounts receivable: +€54,036
- Tangible fixed assets -€15,640
down €15,640 (-31.2%), from €50,053 to €34,413
of which Furniture and vehicles: -€10,678
- Deferred charges and accrued income -€3,697
down €3,697 (-47.5%), from €7,785 to €4,088
- Stocks and contracts +€2,113
new in 2025: €2,113
- Profit (loss) carried forward +€36,665
up €36,665 (+86.9%), from €42,189 to €78,854
- Current portion of long-term debt -€7,955
down €7,955 (-49.5%), from €16,081 to €8,126
- Tax, wage and social debts +€6,900
up €6,900 (+32.7%), from €21,080 to €27,980
- Debts after one year -€4,941
down €4,941 (-38.0%), from €13,006 to €8,064
- Short-term financial debts +€4,053
new in 2025: €4,053
- Gross operating margin +€24,443
up €24,443 (+41.6%), from €58,765 to €83,208
- Taxes +€4,013
up €4,013 (+26.3%), from €15,245 to €19,258
- Financial income +€1,858
up €1,858 (+140%), from €1,325 to €3,183
- Financial charges +€1,633
up €1,633 (+29.4%), from €5,554 to €7,187
- Depreciation +€1,170
up €1,170 (+7.4%), from €15,740 to €16,910
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 | €93,759 | €128,783 | +€35,024 | +37.4% |
| Fixed assets | 21/28 | €50,053 | €34,413 | -€15,640 | -31.2% |
| Tangible fixed assets | 22/27 | €50,053 | €34,413 | -€15,640 | -31.2% |
| Plant, machinery and equipment | 23 | €4,814 | €4,861 | +€47 | +1.0% |
| Furniture and vehicles | 24 | €26,932 | €16,254 | -€10,678 | -39.6% |
| Leasing and similar rights | 25 | €18,307 | €13,298 | -€5,009 | -27.4% |
| Current assets | 29/58 | €43,706 | €94,370 | +€50,664 | +116% |
| Stocks and contracts in progress | 3 | - | €2,113 | +€2,113 | |
| Stocks | 30/36 | - | €2,113 | +€2,113 | |
| Amounts receivable within one year | 40/41 | €35,720 | €87,961 | +€52,241 | +146% |
| Trade receivables | 40 | €3,275 | €1,481 | -€1,794 | -54.8% |
| Other amounts receivable | 41 | €32,445 | €86,481 | +€54,036 | +167% |
| Cash at bank and in hand | 54/58 | €201 | €207 | +€7 | +3.3% |
| Deferred charges and accrued income | 490/1 | €7,785 | €4,088 | -€3,697 | -47.5% |
| Total equity and liabilities | 10/49 | €93,759 | €128,783 | +€35,024 | +37.4% |
| Equity | 10/15 | €43,189 | €79,854 | +€36,665 | +84.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,189 | €78,854 | +€36,665 | +86.9% |
| Amounts payable | 17/49 | €50,570 | €48,929 | -€1,641 | -3.2% |
| Amounts payable after more than one year | 17 | €13,006 | €8,064 | -€4,941 | -38.0% |
| Financial debts | 170/4 | €13,006 | €8,064 | -€4,941 | -38.0% |
| Amounts payable within one year | 42/48 | €37,564 | €40,159 | +€2,594 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €16,081 | €8,126 | -€7,955 | -49.5% |
| Financial debts | 43 | - | €4,053 | +€4,053 | |
| Credit institutions | 430/8 | - | €4,053 | +€4,053 | |
| Trade debts | 44 | €403 | - | -€403 | |
| Suppliers | 440/4 | €403 | - | -€403 | |
| Taxes, remuneration and social security | 45 | €21,080 | €27,980 | +€6,900 | +32.7% |
| Taxes | 450/3 | €21,080 | €27,980 | +€6,900 | +32.7% |
| Accrued charges and deferred income | 492/3 | - | €706 | +€706 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,740 | €16,910 | +€1,170 | +7.4% |
| Other operating charges | 640/8 | €7,097 | €6,371 | -€726 | -10.2% |
| Gross operating margin | 9900 | €58,765 | €83,208 | +€24,443 | +41.6% |
| Operating profit (loss) | 9901 | €35,929 | €59,928 | +€23,999 | +66.8% |
| Financial income | 75/76B | €1,325 | €3,183 | +€1,858 | +140% |
| Recurring financial income | 75 | €1,325 | €3,183 | +€1,858 | +140% |
| Financial charges | 65/66B | €5,554 | €7,187 | +€1,633 | +29.4% |
| Recurring financial charges | 65 | €5,554 | €7,187 | +€1,633 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €31,699 | €55,923 | +€24,224 | +76.4% |
| Income taxes | 67/77 | €15,245 | €19,258 | +€4,013 | +26.3% |
| Profit (loss) for the period | 9904 | €16,454 | €36,665 | +€20,211 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €16,454 | €36,665 | +€20,211 | +123% |
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 1 November 2026 via checked.be.