G-NOVUM: what changed
G-NOVUM
Largest movements
- Cash -€12,545
down €12,545 (-70.1%), from €17,891 to €5,346
mainly Other debts (-€9,413) and Net result for the year (-€4,577)
- Tangible fixed assets -€2,636
down €2,636 (-31.2%), from €8,456 to €5,821
- Receivables within one year +€552
up €552 (+3.2%), from €17,301 to €17,853
of which Trade receivables: +€1,634
- Other debts -€9,413
down €9,413 (-73.8%), from €12,750 to €3,337
- Profit (loss) carried forward -€4,577
down €4,577 (-44.4%), from €10,307 to €5,730
- Tax, wage and social debts -€2,285
no longer reported in 2025 (was €2,285)
- Trade debts +€1,373
up €1,373 (+32,374%), from €4 to €1,377
- Depreciation -€15,163
down €15,163 (-85.2%), from €17,799 to €2,636
- Gross operating margin -€13,955
down €13,955, from €12,746 to -€1,209
- Other operating charges +€200
up €200 (+106%), from €188 to €387
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,947 | €29,043 | -€14,904 | -33.9% |
| Fixed assets | 21/28 | €8,456 | €5,821 | -€2,636 | -31.2% |
| Tangible fixed assets | 22/27 | €8,456 | €5,821 | -€2,636 | -31.2% |
| Furniture and vehicles | 24 | €8,456 | €5,821 | -€2,636 | -31.2% |
| Current assets | 29/58 | €35,490 | €23,222 | -€12,268 | -34.6% |
| Amounts receivable within one year | 40/41 | €17,301 | €17,853 | +€552 | +3.2% |
| Trade receivables | 40 | €10,285 | €11,919 | +€1,634 | +15.9% |
| Other amounts receivable | 41 | €7,016 | €5,933 | -€1,082 | -15.4% |
| Cash at bank and in hand | 54/58 | €17,891 | €5,346 | -€12,545 | -70.1% |
| Deferred charges and accrued income | 490/1 | €299 | €24 | -€275 | -92.0% |
| Total equity and liabilities | 10/49 | €43,947 | €29,043 | -€14,904 | -33.9% |
| Equity | 10/15 | €28,907 | €24,330 | -€4,577 | -15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,307 | €5,730 | -€4,577 | -44.4% |
| Amounts payable | 17/49 | €15,040 | €4,713 | -€10,326 | -68.7% |
| Amounts payable within one year | 42/48 | €15,040 | €4,713 | -€10,326 | -68.7% |
| Trade debts | 44 | €4 | €1,377 | +€1,373 | +32,374% |
| Suppliers | 440/4 | €4 | €1,377 | +€1,373 | +32,374% |
| Taxes, remuneration and social security | 45 | €2,285 | - | -€2,285 | |
| Taxes | 450/3 | €2,285 | - | -€2,285 | |
| Other amounts payable | 47/48 | €12,750 | €3,337 | -€9,413 | -73.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,799 | €2,636 | -€15,163 | -85.2% |
| Other operating charges | 640/8 | €188 | €387 | +€200 | +106% |
| Gross operating margin | 9900 | €12,746 | -€1,209 | -€13,955 | |
| Operating profit (loss) | 9901 | -€5,240 | -€4,232 | +€1,008 | +19.2% |
| Financial charges | 65/66B | €207 | €125 | -€82 | -39.8% |
| Recurring financial charges | 65 | €207 | €125 | -€82 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,447 | -€4,357 | +€1,091 | +20.0% |
| Income taxes | 67/77 | €236 | €221 | -€16 | -6.6% |
| Profit (loss) for the period | 9904 | -€5,684 | -€4,577 | +€1,107 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,684 | -€4,577 | +€1,107 | +19.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.