Bnovad: 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.
Bnovad
Largest movements
- Tangible fixed assets +€61,125
up €61,125 (+434%), from €14,088 to €75,213
of which Furniture and vehicles: +€59,022
- Cash -€52,445
down €52,445 (-16.5%), from €317,752 to €265,307
mainly Investment in fixed assets (net) (-€68,625) and Tax, wage and social debts (-€8,035)
- Receivables within one year -€10,266
down €10,266 (-30.2%), from €33,948 to €23,682
of which Trade receivables: -€29,381
- Reserves +€13,493
up €13,493 (+3.2%), from €423,939 to €437,432
of which Distributable reserves: +€13,493
- Tax, wage and social debts -€8,035
down €8,035 (-94.6%), from €8,490 to €455
- Trade debts -€6,808
down €6,808 (-89.6%), from €7,599 to €791
- Gross operating margin -€78,644
down €78,644 (-77.5%), from €101,517 to €22,873
- Taxes -€27,580
down €27,580 (-84.7%), from €32,558 to €4,978
- Financial income +€4,200
up €4,200 (+156%), from €2,691 to €6,891
- Depreciation +€3,993
up €3,993 (+114%), from €3,507 to €7,500
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €478,296 | €476,302 | -€1,994 | -0.4% |
| Fixed assets | 21/28 | €14,088 | €75,213 | +€61,125 | +434% |
| Tangible fixed assets | 22/27 | €14,088 | €75,213 | +€61,125 | +434% |
| Plant, machinery and equipment | 23 | €255 | €2,358 | +€2,103 | +825% |
| Furniture and vehicles | 24 | €13,833 | €72,855 | +€59,022 | +427% |
| Current assets | 29/58 | €464,208 | €401,089 | -€63,119 | -13.6% |
| Amounts receivable within one year | 40/41 | €33,948 | €23,682 | -€10,266 | -30.2% |
| Trade receivables | 40 | €29,448 | €67 | -€29,381 | -99.8% |
| Other amounts receivable | 41 | €4,500 | €23,615 | +€19,115 | +425% |
| Current investments | 50/53 | €106,632 | €106,331 | -€301 | -0.3% |
| Cash at bank and in hand | 54/58 | €317,752 | €265,307 | -€52,445 | -16.5% |
| Deferred charges and accrued income | 490/1 | €5,876 | €5,769 | -€107 | -1.8% |
| Total equity and liabilities | 10/49 | €478,296 | €476,302 | -€1,994 | -0.4% |
| Equity | 10/15 | €442,539 | €456,032 | +€13,493 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €423,939 | €437,432 | +€13,493 | +3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €422,079 | €435,572 | +€13,493 | +3.2% |
| Amounts payable | 17/49 | €35,757 | €20,270 | -€15,487 | -43.3% |
| Amounts payable within one year | 42/48 | €34,313 | €15,544 | -€18,769 | -54.7% |
| Trade debts | 44 | €7,599 | €791 | -€6,808 | -89.6% |
| Suppliers | 440/4 | €7,599 | €791 | -€6,808 | -89.6% |
| Taxes, remuneration and social security | 45 | €8,490 | €455 | -€8,035 | -94.6% |
| Taxes | 450/3 | €8,490 | €455 | -€8,035 | -94.6% |
| Other amounts payable | 47/48 | €18,224 | €14,298 | -€3,926 | -21.5% |
| Accrued charges and deferred income | 492/3 | €1,444 | €4,726 | +€3,282 | +227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,507 | €7,500 | +€3,993 | +114% |
| Other operating charges | 640/8 | €1,721 | €1,855 | +€134 | +7.8% |
| Gross operating margin | 9900 | €101,517 | €22,873 | -€78,644 | -77.5% |
| Operating profit (loss) | 9901 | €96,289 | €13,518 | -€82,771 | -86.0% |
| Financial income | 75/76B | €2,691 | €6,891 | +€4,200 | +156% |
| Recurring financial income | 75 | €2,691 | €6,891 | +€4,200 | +156% |
| Financial charges | 65/66B | €1,328 | €1,938 | +€610 | +45.9% |
| Recurring financial charges | 65 | €1,328 | €1,938 | +€610 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €97,652 | €18,471 | -€79,181 | -81.1% |
| Income taxes | 67/77 | €32,558 | €4,978 | -€27,580 | -84.7% |
| Profit (loss) for the period | 9904 | €65,094 | €13,493 | -€51,601 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,094 | €13,493 | -€51,601 | -79.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.