E-NOVATE: 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.
E-NOVATE
Largest movements
- Tangible fixed assets -€42,458
down €42,458 (-9.4%), from €451,091 to €408,633
of which Land and buildings: -€32,153
- Receivables within one year -€26,554
down €26,554 (-81.4%), from €32,617 to €6,063
of which Trade receivables: -€26,065
- Cash -€9,369
down €9,369 (-81.6%), from €11,479 to €2,110
mainly Debts after one year (-€65,832) and Current portion of long-term debt (-€18,802)
- Debts after one year -€65,832
down €65,832 (-23.8%), from €276,981 to €211,149
- Current portion of long-term debt -€18,802
down €18,802 (-31.4%), from €59,951 to €41,149
- Reserves +€15,622
up €15,622 (+11.6%), from €134,101 to €149,723
of which Distributable reserves: +€15,622
- Trade debts -€14,901
down €14,901 (-39.7%), from €37,507 to €22,606
- Accrued charges and deferred income +€8,277
new in 2024: €8,277
- Gross operating margin -€43,783
down €43,783 (-34.3%), from €127,780 to €83,997
- Taxes -€10,143
down €10,143 (-41.5%), from €24,455 to €14,312
- Financial charges -€4,756
down €4,756 (-96.4%), from €4,933 to €177
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.
Cash bridge derived
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 | €561,880 | €483,499 | -€78,381 | -13.9% |
| Fixed assets | 21/28 | €451,658 | €409,200 | -€42,458 | -9.4% |
| Tangible fixed assets | 22/27 | €451,091 | €408,633 | -€42,458 | -9.4% |
| Land and buildings | 22 | €429,021 | €396,868 | -€32,153 | -7.5% |
| Plant, machinery and equipment | 23 | €1,417 | €268 | -€1,149 | -81.1% |
| Furniture and vehicles | 24 | €20,653 | €11,497 | -€9,156 | -44.3% |
| Financial fixed assets | 28 | €567 | €567 | = | 0.0% |
| Current assets | 29/58 | €110,222 | €74,299 | -€35,923 | -32.6% |
| Amounts receivable within one year | 40/41 | €32,617 | €6,063 | -€26,554 | -81.4% |
| Trade receivables | 40 | €32,128 | €6,063 | -€26,065 | -81.1% |
| Other amounts receivable | 41 | €489 | - | -€489 | |
| Current investments | 50/53 | €66,126 | €66,126 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,479 | €2,110 | -€9,369 | -81.6% |
| Total equity and liabilities | 10/49 | €561,880 | €483,499 | -€78,381 | -13.9% |
| Equity | 10/15 | €152,701 | €168,323 | +€15,622 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,101 | €149,723 | +€15,622 | +11.6% |
| 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 | €132,241 | €147,863 | +€15,622 | +11.8% |
| Amounts payable | 17/49 | €409,179 | €315,176 | -€94,003 | -23.0% |
| Amounts payable after more than one year | 17 | €276,981 | €211,149 | -€65,832 | -23.8% |
| Financial debts | 170/4 | €276,981 | €211,149 | -€65,832 | -23.8% |
| Amounts payable within one year | 42/48 | €132,198 | €95,750 | -€36,448 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €59,951 | €41,149 | -€18,802 | -31.4% |
| Trade debts | 44 | €37,507 | €22,606 | -€14,901 | -39.7% |
| Suppliers | 440/4 | €37,507 | €22,606 | -€14,901 | -39.7% |
| Taxes, remuneration and social security | 45 | €34,740 | €31,995 | -€2,745 | -7.9% |
| Taxes | 450/3 | €33,671 | €31,995 | -€1,676 | -5.0% |
| Remuneration and social security | 454/9 | €1,069 | - | -€1,069 | |
| Accrued charges and deferred income | 492/3 | - | €8,277 | +€8,277 | |
| Remuneration, social security and pensions | 62 | €5,405 | €6,599 | +€1,194 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,911 | €42,458 | -€453 | -1.1% |
| Other operating charges | 640/8 | €4,749 | €4,842 | +€93 | +2.0% |
| Gross operating margin | 9900 | €127,780 | €83,997 | -€43,783 | -34.3% |
| Operating profit (loss) | 9901 | €74,715 | €30,098 | -€44,617 | -59.7% |
| Financial income | 75/76B | €32 | €13 | -€19 | -59.4% |
| Recurring financial income | 75 | €32 | €13 | -€19 | -59.4% |
| Financial charges | 65/66B | €4,933 | €177 | -€4,756 | -96.4% |
| Recurring financial charges | 65 | €4,933 | €177 | -€4,756 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | €69,814 | €29,934 | -€39,880 | -57.1% |
| Income taxes | 67/77 | €24,455 | €14,312 | -€10,143 | -41.5% |
| Profit (loss) for the period | 9904 | €45,359 | €15,622 | -€29,737 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,359 | €15,622 | -€29,737 | -65.6% |
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 9 October 2026 via checked.be.