NVW PROJECTS: 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.
NVW PROJECTS
Largest movements
- Cash +€19,272
up €19,272 (+179.1%), from €10,763 to €30,035
mainly Debts after one year (+€44,120) and Trade debts (+€1,538)
- Receivables within one year +€6,847
up €6,847 (+323.3%), from €2,118 to €8,965
of which Other amounts receivable: +€6,211
- Tangible fixed assets +€2,439
up €2,439 (+299.3%), from €815 to €3,254
of which Other tangible fixed assets: +€2,540
- Deferred charges and accrued income -€779
down €779 (-49.2%), from €1,585 to €805
- Stocks and contracts -€703
down €703 (-26.0%), from €2,703 to €2,000
- Debts after one year +€44,120
up €44,120 (+147.1%), from €30,000 to €74,120
- Other debts -€13,495
no longer reported in 2025 (was €13,495)
- Profit (loss) carried forward -€4,868
down €4,868 (-13.0%), from -€37,301 to -€42,169
- Trade debts +€1,538
up €1,538 (+439.0%), from €350 to €1,889
- Gross operating margin +€15,499
up €15,499 (+95.5%), from -€16,237 to -€738
- Depreciation -€3,300
down €3,300 (-86.6%), from €3,811 to €511
- Other operating charges +€484
up €484 (+34.7%), from €1,395 to €1,879
- Financial charges -€278
down €278 (-13.8%), from €2,017 to €1,739
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 | €20,244 | €47,320 | +€27,076 | +133.7% |
| Fixed assets | 21/28 | €3,075 | €5,514 | +€2,439 | +79.3% |
| Tangible fixed assets | 22/27 | €815 | €3,254 | +€2,439 | +299.3% |
| Furniture and vehicles | 24 | €101 | - | -€101 | |
| Other tangible fixed assets | 26 | €714 | €3,254 | +€2,540 | +355.8% |
| Financial fixed assets | 28 | €2,260 | €2,260 | = | 0.0% |
| Current assets | 29/58 | €17,169 | €41,806 | +€24,637 | +143.5% |
| Stocks and contracts in progress | 3 | €2,703 | €2,000 | -€703 | -26.0% |
| Stocks | 30/36 | €2,703 | €2,000 | -€703 | -26.0% |
| Amounts receivable within one year | 40/41 | €2,118 | €8,965 | +€6,847 | +323.3% |
| Trade receivables | 40 | - | €636 | +€636 | |
| Other amounts receivable | 41 | €2,118 | €8,329 | +€6,211 | +293.2% |
| Cash at bank and in hand | 54/58 | €10,763 | €30,035 | +€19,272 | +179.1% |
| Deferred charges and accrued income | 490/1 | €1,585 | €805 | -€779 | -49.2% |
| Total equity and liabilities | 10/49 | €20,244 | €47,320 | +€27,076 | +133.7% |
| Equity | 10/15 | -€31,101 | -€35,969 | -€4,868 | -15.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,301 | -€42,169 | -€4,868 | -13.0% |
| Amounts payable | 17/49 | €51,345 | €83,289 | +€31,943 | +62.2% |
| Amounts payable after more than one year | 17 | €30,000 | €74,120 | +€44,120 | +147.1% |
| Financial debts | 170/4 | €30,000 | €74,120 | +€44,120 | +147.1% |
| Amounts payable within one year | 42/48 | €21,345 | €9,169 | -€12,176 | -57.0% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €7,280 | -€220 | -2.9% |
| Trade debts | 44 | €350 | €1,889 | +€1,538 | +439.0% |
| Suppliers | 440/4 | €350 | €1,889 | +€1,538 | +439.0% |
| Other amounts payable | 47/48 | €13,495 | - | -€13,495 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,811 | €511 | -€3,300 | -86.6% |
| Other operating charges | 640/8 | €1,395 | €1,879 | +€484 | +34.7% |
| Gross operating margin | 9900 | -€16,237 | -€738 | +€15,499 | +95.5% |
| Operating profit (loss) | 9901 | -€21,444 | -€3,129 | +€18,315 | +85.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,017 | €1,739 | -€278 | -13.8% |
| Recurring financial charges | 65 | €2,017 | €1,739 | -€278 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,460 | -€4,868 | +€18,593 | +79.3% |
| Profit (loss) for the period | 9904 | -€23,460 | -€4,868 | +€18,593 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,460 | -€4,868 | +€18,593 | +79.3% |
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 4 October 2026 via checked.be.