NVTA: 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.
NVTA
Largest movements
- Receivables within one year +€19,120
up €19,120 (+31.6%), from €60,471 to €79,591
of which Other amounts receivable: +€11,630
- Deferred charges and accrued income +€7,646
up €7,646 (+144%), from €5,302 to €12,948
- Cash -€3,892
down €3,892 (-27.7%), from €14,035 to €10,143
mainly Contributions, distributions and other (-€22,309) and Investment in fixed assets (net) (-€19,155)
- Profit (loss) carried forward +€20,990
up €20,990 (+37.2%), from €56,499 to €77,489
- Other debts +€19,578
new in 2025: €19,578
- Debts after one year -€14,270
down €14,270 (-45.1%), from €31,659 to €17,389
- Trade debts -€10,522
down €10,522 (-93.7%), from €11,231 to €709
- Tax, wage and social debts +€6,338
up €6,338 (+60.1%), from €10,539 to €16,877
of which Taxes: +€6,041
- Gross operating margin +€55,331
up €55,331 (+135%), from €40,985 to €96,316
- Taxes +€14,017
up €14,017 (+288%), from €4,865 to €18,882
- Staff costs +€10,982
new in 2025: €10,982
- Depreciation +€3,101
up €3,101 (+19.1%), from €16,253 to €19,354
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 | €128,637 | €151,312 | +€22,675 | +17.6% |
| Fixed assets | 21/28 | €48,829 | €48,630 | -€199 | -0.4% |
| Tangible fixed assets | 22/27 | €48,329 | €48,130 | -€199 | -0.4% |
| Plant, machinery and equipment | 23 | €538 | - | -€538 | |
| Furniture and vehicles | 24 | €1,626 | €17,132 | +€15,506 | +954% |
| Leasing and similar rights | 25 | €46,165 | €30,998 | -€15,167 | -32.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €79,808 | €102,682 | +€22,874 | +28.7% |
| Amounts receivable within one year | 40/41 | €60,471 | €79,591 | +€19,120 | +31.6% |
| Trade receivables | 40 | €6,075 | €13,565 | +€7,490 | +123% |
| Other amounts receivable | 41 | €54,396 | €66,026 | +€11,630 | +21.4% |
| Cash at bank and in hand | 54/58 | €14,035 | €10,143 | -€3,892 | -27.7% |
| Deferred charges and accrued income | 490/1 | €5,302 | €12,948 | +€7,646 | +144% |
| Total equity and liabilities | 10/49 | €128,637 | €151,312 | +€22,675 | +17.6% |
| Equity | 10/15 | €61,499 | €82,489 | +€20,990 | +34.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,499 | €77,489 | +€20,990 | +37.2% |
| Amounts payable | 17/49 | €67,138 | €68,823 | +€1,685 | +2.5% |
| Amounts payable after more than one year | 17 | €31,659 | €17,389 | -€14,270 | -45.1% |
| Financial debts | 170/4 | €31,659 | €17,389 | -€14,270 | -45.1% |
| Amounts payable within one year | 42/48 | €35,479 | €51,434 | +€15,955 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €13,709 | €14,270 | +€561 | +4.1% |
| Trade debts | 44 | €11,231 | €709 | -€10,522 | -93.7% |
| Suppliers | 440/4 | €11,231 | €709 | -€10,522 | -93.7% |
| Taxes, remuneration and social security | 45 | €10,539 | €16,877 | +€6,338 | +60.1% |
| Taxes | 450/3 | €10,539 | €16,580 | +€6,041 | +57.3% |
| Remuneration and social security | 454/9 | - | €297 | +€297 | |
| Other amounts payable | 47/48 | - | €19,578 | +€19,578 | |
| Non-recurring operating income | 76A | - | €463 | +€463 | |
| Remuneration, social security and pensions | 62 | - | €10,982 | +€10,982 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,253 | €19,354 | +€3,101 | +19.1% |
| Other operating charges | 640/8 | €4,144 | €3,897 | -€247 | -6.0% |
| Non-recurring operating charges | 66A | - | €248 | +€248 | |
| Gross operating margin | 9900 | €40,985 | €96,316 | +€55,331 | +135% |
| Operating profit (loss) | 9901 | €20,588 | €61,835 | +€41,247 | +200% |
| Financial income | 75/76B | €2,297 | €2,745 | +€448 | +19.5% |
| Recurring financial income | 75 | €2,297 | €2,745 | +€448 | +19.5% |
| Financial charges | 65/66B | €2,665 | €2,399 | -€266 | -10.0% |
| Recurring financial charges | 65 | €2,665 | €2,399 | -€266 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €20,220 | €62,181 | +€41,961 | +208% |
| Income taxes | 67/77 | €4,865 | €18,882 | +€14,017 | +288% |
| Profit (loss) for the period | 9904 | €15,355 | €43,299 | +€27,944 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €15,355 | €43,299 | +€27,944 | +182% |
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 14 October 2026 via checked.be.