EUROPA NOVA: 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.
EUROPA NOVA
Largest movements
- Cash -€44,625
down €44,625 (-30.2%), from €147,724 to €103,099
mainly Debts after one year (-€61,300) and Receivables within one year (-€8,161)
- Tangible fixed assets -€39,688
down €39,688 (-7.0%), from €570,201 to €530,513
of which Land and buildings: -€27,453
- Receivables within one year +€8,161
up €8,161 (+41.7%), from €19,580 to €27,741
- Debts after one year -€61,300
down €61,300 (-18.1%), from €339,054 to €277,754
- Taxes -€7,054
down €7,054 (-88.4%), from €7,978 to €924
- Financial charges +€5,022
up €5,022 (+69.3%), from €7,245 to €12,267
- Gross operating margin -€3,300
down €3,300 (-5.5%), from €59,890 to €56,590
- Other operating charges +€2,854
up €2,854 (+81.4%), from €3,506 to €6,361
- Depreciation -€1,090
down €1,090 (-2.4%), from €45,280 to €44,190
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 | €788,972 | €712,821 | -€76,151 | -9.7% |
| Fixed assets | 21/28 | €620,201 | €580,513 | -€39,688 | -6.4% |
| Tangible fixed assets | 22/27 | €570,201 | €530,513 | -€39,688 | -7.0% |
| Land and buildings | 22 | €521,703 | €494,250 | -€27,453 | -5.3% |
| Furniture and vehicles | 24 | €4,295 | €2,486 | -€1,809 | -42.1% |
| Other tangible fixed assets | 26 | €44,202 | €33,777 | -€10,425 | -23.6% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €168,771 | €132,308 | -€36,464 | -21.6% |
| Amounts receivable within one year | 40/41 | €19,580 | €27,741 | +€8,161 | +41.7% |
| Other amounts receivable | 41 | €19,580 | €27,741 | +€8,161 | +41.7% |
| Cash at bank and in hand | 54/58 | €147,724 | €103,099 | -€44,625 | -30.2% |
| Deferred charges and accrued income | 490/1 | €1,468 | €1,468 | = | 0.0% |
| Total equity and liabilities | 10/49 | €788,972 | €712,821 | -€76,151 | -9.7% |
| Equity | 10/15 | €322,084 | €318,013 | -€4,071 | -1.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €243,776 | €239,696 | -€4,079 | -1.7% |
| Tax-exempt reserves | 132 | €117,167 | €111,287 | -€5,879 | -5.0% |
| Distributable reserves | 133 | €126,609 | €128,409 | +€1,800 | +1.4% |
| Profit (loss) carried forward | 14 | €57,848 | €57,857 | +€9 | 0.0% |
| Provisions and deferred taxes | 16 | €48,172 | €45,144 | -€3,027 | -6.3% |
| Deferred taxes | 168 | €48,172 | €45,144 | -€3,027 | -6.3% |
| Amounts payable | 17/49 | €418,717 | €349,663 | -€69,054 | -16.5% |
| Amounts payable after more than one year | 17 | €339,054 | €277,754 | -€61,300 | -18.1% |
| Financial debts | 170/4 | €339,054 | €277,754 | -€61,300 | -18.1% |
| Amounts payable within one year | 42/48 | €79,663 | €71,909 | -€7,754 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €65,149 | €64,117 | -€1,032 | -1.6% |
| Trade debts | 44 | €10,261 | €2,824 | -€7,437 | -72.5% |
| Suppliers | 440/4 | €10,261 | €2,824 | -€7,437 | -72.5% |
| Taxes, remuneration and social security | 45 | €4,061 | €4,969 | +€908 | +22.4% |
| Taxes | 450/3 | €4,061 | €4,969 | +€908 | +22.4% |
| Other amounts payable | 47/48 | €192 | - | -€192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,280 | €44,190 | -€1,090 | -2.4% |
| Other operating charges | 640/8 | €3,506 | €6,361 | +€2,854 | +81.4% |
| Gross operating margin | 9900 | €59,890 | €56,590 | -€3,300 | -5.5% |
| Operating profit (loss) | 9901 | €11,104 | €6,040 | -€5,064 | -45.6% |
| Financial income | 75/76B | €337 | €53 | -€284 | -84.2% |
| Recurring financial income | 75 | €337 | €53 | -€284 | -84.2% |
| Financial charges | 65/66B | €7,245 | €12,267 | +€5,022 | +69.3% |
| Recurring financial charges | 65 | €7,245 | €12,267 | +€5,022 | +69.3% |
| Profit (loss) for the period before taxes | 9903 | €4,195 | -€6,174 | -€10,369 | |
| Transfer from deferred taxes | 780 | €3,027 | €3,027 | = | 0.0% |
| Income taxes | 67/77 | €7,978 | €924 | -€7,054 | -88.4% |
| Profit (loss) for the period | 9904 | -€755 | -€4,071 | -€3,315 | -439% |
| Transfer from tax-exempt reserves | 789 | €5,879 | €5,879 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,124 | €1,809 | -€3,315 | -64.7% |
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.