E-NOVO: 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-NOVO
Largest movements
- Intangible fixed assets -€6,360
down €6,360 (-42.2%), from €15,056 to €8,696
- Receivables within one year -€1,828
down €1,828 (-59.9%), from €3,054 to €1,226
of which Trade receivables: -€2,457
- Cash -€1,004
no longer reported in 2025 (was €1,004)
mainly Other debts (-€14,358) and Tax, wage and social debts (-€2,221)
- Tangible fixed assets -€666
down €666 (-32.2%), from €2,065 to €1,399
- Deferred charges and accrued income -€350
down €350 (-45.3%), from €772 to €422
- Other debts -€14,358
down €14,358 (-77.2%), from €18,600 to €4,242
- Short-term financial debts +€4,007
new in 2025: €4,007
- Tax, wage and social debts -€2,221
down €2,221 (-69.2%), from €3,209 to €988
- Profit (loss) carried forward +€1,955
up €1,955 (+7.1%), from -€27,366 to -€25,412
- Accrued charges and deferred income +€410
up €410 (+25.2%), from €1,627 to €2,037
- Gross operating margin -€13,493
down €13,493 (-54.4%), from €24,821 to €11,329
- Financial charges +€781
up €781 (+200%), from €391 to €1,172
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 | €21,951 | €11,743 | -€10,208 | -46.5% |
| Fixed assets | 21/28 | €17,121 | €10,095 | -€7,026 | -41.0% |
| Intangible fixed assets | 21 | €15,056 | €8,696 | -€6,360 | -42.2% |
| Tangible fixed assets | 22/27 | €2,065 | €1,399 | -€666 | -32.2% |
| Furniture and vehicles | 24 | €2,065 | €1,399 | -€666 | -32.2% |
| Current assets | 29/58 | €4,830 | €1,648 | -€3,182 | -65.9% |
| Amounts receivable within one year | 40/41 | €3,054 | €1,226 | -€1,828 | -59.9% |
| Trade receivables | 40 | €3,053 | €595 | -€2,457 | -80.5% |
| Other amounts receivable | 41 | €1 | €631 | +€629 | +49,944% |
| Cash at bank and in hand | 54/58 | €1,004 | - | -€1,004 | |
| Deferred charges and accrued income | 490/1 | €772 | €422 | -€350 | -45.3% |
| Total equity and liabilities | 10/49 | €21,951 | €11,743 | -€10,208 | -46.5% |
| Equity | 10/15 | -€1,486 | €469 | +€1,955 | |
| Contributions | 10/11 | €21,200 | €21,200 | = | 0.0% |
| Reserves | 13 | €4,681 | €4,681 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,360 | €3,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,360 | €3,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,321 | €1,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,366 | -€25,412 | +€1,955 | +7.1% |
| Amounts payable | 17/49 | €23,436 | €11,274 | -€12,163 | -51.9% |
| Amounts payable within one year | 42/48 | €21,809 | €9,237 | -€12,573 | -57.6% |
| Financial debts | 43 | - | €4,007 | +€4,007 | |
| Credit institutions | 430/8 | - | €4,007 | +€4,007 | |
| Taxes, remuneration and social security | 45 | €3,209 | €988 | -€2,221 | -69.2% |
| Taxes | 450/3 | €3,209 | €988 | -€2,221 | -69.2% |
| Other amounts payable | 47/48 | €18,600 | €4,242 | -€14,358 | -77.2% |
| Accrued charges and deferred income | 492/3 | €1,627 | €2,037 | +€410 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,064 | €8,212 | +€148 | +1.8% |
| Gross operating margin | 9900 | €24,821 | €11,329 | -€13,493 | -54.4% |
| Operating profit (loss) | 9901 | €16,757 | €3,117 | -€13,640 | -81.4% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €391 | €1,172 | +€781 | +200% |
| Recurring financial charges | 65 | €391 | €1,172 | +€781 | +200% |
| Profit (loss) for the period before taxes | 9903 | €16,366 | €1,955 | -€14,411 | -88.1% |
| Profit (loss) for the period | 9904 | €16,366 | €1,955 | -€14,411 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,366 | €1,955 | -€14,411 | -88.1% |
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 29 October 2026 via checked.be.