NVPL: 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.
NVPL
Largest movements
- Cash +€67,935
up €67,935 (+195%), from €34,855 to €102,790
mainly Net result for the year (+€85,702) and Tax, wage and social debts (+€5,215)
- Receivables within one year +€17,591
up €17,591 (+131%), from €13,421 to €31,012
of which Trade receivables: +€17,591
- Tangible fixed assets +€7,896
up €7,896 (+545%), from €1,448 to €9,343
of which Furniture and vehicles: +€7,138
- Profit (loss) carried forward +€85,702
up €85,702 (+240%), from €35,642 to €121,344
- Tax, wage and social debts +€5,215
up €5,215 (+91.7%), from €5,685 to €10,900
- Other debts +€2,120
up €2,120 (+58.3%), from €3,635 to €5,755
- Gross operating margin +€64,972
up €64,972 (+142%), from €45,913 to €110,884
- Taxes +€12,914
up €12,914 (+132%), from €9,786 to €22,700
- Depreciation +€1,895
up €1,895 (+8,406%), from €23 to €1,917
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 | €49,724 | €143,536 | +€93,812 | +189% |
| Fixed assets | 21/28 | €1,448 | €9,343 | +€7,896 | +545% |
| Tangible fixed assets | 22/27 | €1,448 | €9,343 | +€7,896 | +545% |
| Plant, machinery and equipment | 23 | €1,448 | €2,206 | +€758 | +52.4% |
| Furniture and vehicles | 24 | - | €7,138 | +€7,138 | |
| Current assets | 29/58 | €48,277 | €134,192 | +€85,916 | +178% |
| Amounts receivable within one year | 40/41 | €13,421 | €31,012 | +€17,591 | +131% |
| Trade receivables | 40 | €13,207 | €30,798 | +€17,591 | +133% |
| Other amounts receivable | 41 | €214 | €214 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,855 | €102,790 | +€67,935 | +195% |
| Deferred charges and accrued income | 490/1 | - | €391 | +€391 | |
| Total equity and liabilities | 10/49 | €49,724 | €143,536 | +€93,812 | +189% |
| Equity | 10/15 | €39,642 | €125,344 | +€85,702 | +216% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,642 | €121,344 | +€85,702 | +240% |
| Amounts payable | 17/49 | €10,082 | €18,192 | +€8,110 | +80.4% |
| Amounts payable within one year | 42/48 | €9,695 | €17,405 | +€7,710 | +79.5% |
| Trade debts | 44 | €375 | €750 | +€375 | +100% |
| Suppliers | 440/4 | €375 | €750 | +€375 | +100% |
| Taxes, remuneration and social security | 45 | €5,685 | €10,900 | +€5,215 | +91.7% |
| Taxes | 450/3 | €5,685 | €10,900 | +€5,215 | +91.7% |
| Other amounts payable | 47/48 | €3,635 | €5,755 | +€2,120 | +58.3% |
| Accrued charges and deferred income | 492/3 | €387 | €787 | +€400 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23 | €1,917 | +€1,895 | +8,406% |
| Other operating charges | 640/8 | €437 | €520 | +€82 | +18.8% |
| Gross operating margin | 9900 | €45,913 | €110,884 | +€64,972 | +142% |
| Operating profit (loss) | 9901 | €45,453 | €108,447 | +€62,994 | +139% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €25 | €45 | +€20 | +81.2% |
| Recurring financial charges | 65 | €25 | €45 | +€20 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | €45,428 | €108,402 | +€62,974 | +139% |
| Income taxes | 67/77 | €9,786 | €22,700 | +€12,914 | +132% |
| Profit (loss) for the period | 9904 | €35,642 | €85,702 | +€50,060 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €35,642 | €85,702 | +€50,060 | +140% |
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 30 October 2026 via checked.be.