RS & NVU: 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.
RS & NVU
Largest movements
- Tangible fixed assets -€28,658
down €28,658 (-36.0%), from €79,553 to €50,896
of which Plant, machinery and equipment: -€28,058
- Receivables within one year +€8,038
up €8,038 (+201%), from €4,003 to €12,041
of which Trade receivables: +€8,065
- Profit (loss) carried forward -€21,919
down €21,919, from €3,821 to -€18,098
- Debts after one year -€17,987
down €17,987 (-90.6%), from €19,850 to €1,863
of which Financial debts: -€17,987
- Advances received +€12,357
new in 2025: €12,357
- Tax, wage and social debts +€7,599
up €7,599 (+136%), from €5,594 to €13,193
of which Remuneration and social security: +€5,150
- Other debts -€2,069
down €2,069 (-53.6%), from €3,861 to €1,792
- Gross operating margin -€29,172
down €29,172 (-70.4%), from €41,422 to €12,249
- Staff costs -€7,841
down €7,841 (-88.4%), from €8,868 to €1,028
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 | €96,129 | €74,683 | -€21,446 | -22.3% |
| Fixed assets | 21/28 | €91,764 | €62,571 | -€29,193 | -31.8% |
| Intangible fixed assets | 21 | €535 | - | -€535 | |
| Tangible fixed assets | 22/27 | €79,553 | €50,896 | -€28,658 | -36.0% |
| Plant, machinery and equipment | 23 | €78,815 | €50,757 | -€28,058 | -35.6% |
| Furniture and vehicles | 24 | €739 | €139 | -€599 | -81.2% |
| Financial fixed assets | 28 | €11,676 | €11,676 | = | 0.0% |
| Current assets | 29/58 | €4,365 | €12,111 | +€7,746 | +177% |
| Amounts receivable within one year | 40/41 | €4,003 | €12,041 | +€8,038 | +201% |
| Trade receivables | 40 | €3,906 | €11,971 | +€8,065 | +206% |
| Other amounts receivable | 41 | €97 | €70 | -€27 | -27.8% |
| Cash at bank and in hand | 54/58 | €3 | €70 | +€67 | +2,087% |
| Deferred charges and accrued income | 490/1 | €359 | - | -€359 | |
| Total equity and liabilities | 10/49 | €96,129 | €74,683 | -€21,446 | -22.3% |
| Equity | 10/15 | €7,821 | -€14,098 | -€21,919 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,821 | -€18,098 | -€21,919 | |
| Amounts payable | 17/49 | €88,308 | €88,781 | +€473 | +0.5% |
| Amounts payable after more than one year | 17 | €19,850 | €1,863 | -€17,987 | -90.6% |
| Financial debts | 170/4 | €17,987 | - | -€17,987 | |
| Other amounts payable | 178/9 | €1,863 | €1,863 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68,458 | €86,918 | +€18,459 | +27.0% |
| Financial debts | 43 | €28,829 | €27,673 | -€1,156 | -4.0% |
| Credit institutions | 430/8 | €28,829 | €27,673 | -€1,156 | -4.0% |
| Trade debts | 44 | €30,174 | €31,903 | +€1,730 | +5.7% |
| Suppliers | 440/4 | €30,174 | €31,903 | +€1,730 | +5.7% |
| Advances received on contracts in progress | 46 | - | €12,357 | +€12,357 | |
| Taxes, remuneration and social security | 45 | €5,594 | €13,193 | +€7,599 | +136% |
| Taxes | 450/3 | €4,934 | €7,383 | +€2,449 | +49.6% |
| Remuneration and social security | 454/9 | €660 | €5,810 | +€5,150 | +780% |
| Other amounts payable | 47/48 | €3,861 | €1,792 | -€2,069 | -53.6% |
| Remuneration, social security and pensions | 62 | €8,868 | €1,028 | -€7,841 | -88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,448 | €29,359 | -€88 | -0.3% |
| Other operating charges | 640/8 | €1,035 | €979 | -€57 | -5.5% |
| Gross operating margin | 9900 | €41,422 | €12,249 | -€29,172 | -70.4% |
| Operating profit (loss) | 9901 | €2,071 | -€19,116 | -€21,187 | |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €2,798 | €2,755 | -€43 | -1.5% |
| Recurring financial charges | 65 | €2,798 | €2,755 | -€43 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€728 | -€21,859 | -€21,131 | -2,904% |
| Income taxes | 67/77 | €59 | €60 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€787 | -€21,919 | -€21,132 | -2,685% |
| Profit (loss) for the period to be appropriated | 9905 | -€787 | -€21,919 | -€21,132 | -2,685% |
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 17 October 2026 via checked.be.