GROUPE NOVAIS: 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.
GROUPE NOVAIS
Largest movements
- Cash +€152,004
up €152,004 (+47.4%), from €320,730 to €472,734
mainly Net result for the year (+€216,978) and Depreciation (+€60,277)
- Receivables within one year +€54,307
up €54,307 (+108%), from €50,156 to €104,463
of which Other amounts receivable: +€60,898
- Profit (loss) carried forward +€216,978
up €216,978 (+157%), from €138,035 to €355,013
- Debts after one year -€32,558
down €32,558 (-10.0%), from €326,121 to €293,564
- Trade debts +€13,774
up €13,774 (+19.9%), from €69,103 to €82,877
- Gross operating margin +€254,546
up €254,546 (+56.2%), from €452,969 to €707,515
- Staff costs +€122,010
up €122,010 (+59.3%), from €205,735 to €327,746
- Taxes +€31,080
up €31,080 (+103%), from €30,304 to €61,385
- Depreciation +€13,259
up €13,259 (+28.2%), from €47,019 to €60,277
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 | €724,417 | €923,779 | +€199,362 | +27.5% |
| Fixed assets | 21/28 | €341,732 | €334,644 | -€7,088 | -2.1% |
| Tangible fixed assets | 22/27 | €341,732 | €334,644 | -€7,088 | -2.1% |
| Plant, machinery and equipment | 23 | €2,079 | €1,099 | -€980 | -47.1% |
| Furniture and vehicles | 24 | €1,898 | €39,983 | +€38,086 | +2,007% |
| Leasing and similar rights | 25 | €9,612 | - | -€9,612 | |
| Other tangible fixed assets | 26 | €328,144 | €293,562 | -€34,582 | -10.5% |
| Current assets | 29/58 | €382,685 | €589,135 | +€206,450 | +53.9% |
| Amounts receivable within one year | 40/41 | €50,156 | €104,463 | +€54,307 | +108% |
| Trade receivables | 40 | €16,190 | €9,600 | -€6,590 | -40.7% |
| Other amounts receivable | 41 | €33,966 | €94,863 | +€60,898 | +179% |
| Cash at bank and in hand | 54/58 | €320,730 | €472,734 | +€152,004 | +47.4% |
| Deferred charges and accrued income | 490/1 | €11,799 | €11,938 | +€139 | +1.2% |
| Total equity and liabilities | 10/49 | €724,417 | €923,779 | +€199,362 | +27.5% |
| Equity | 10/15 | €168,035 | €385,013 | +€216,978 | +129% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,035 | €355,013 | +€216,978 | +157% |
| Amounts payable | 17/49 | €556,382 | €538,766 | -€17,616 | -3.2% |
| Amounts payable after more than one year | 17 | €326,121 | €293,564 | -€32,558 | -10.0% |
| Financial debts | 170/4 | €326,121 | €293,564 | -€32,558 | -10.0% |
| Amounts payable within one year | 42/48 | €225,525 | €243,653 | +€18,128 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €54,183 | €60,239 | +€6,056 | +11.2% |
| Trade debts | 44 | €69,103 | €82,877 | +€13,774 | +19.9% |
| Suppliers | 440/4 | €69,103 | €82,877 | +€13,774 | +19.9% |
| Taxes, remuneration and social security | 45 | €101,259 | €100,537 | -€722 | -0.7% |
| Taxes | 450/3 | €37,001 | €47,181 | +€10,180 | +27.5% |
| Remuneration and social security | 454/9 | €64,258 | €53,356 | -€10,902 | -17.0% |
| Other amounts payable | 47/48 | €980 | - | -€980 | |
| Accrued charges and deferred income | 492/3 | €4,736 | €1,550 | -€3,186 | -67.3% |
| Remuneration, social security and pensions | 62 | €205,735 | €327,746 | +€122,010 | +59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,019 | €60,277 | +€13,259 | +28.2% |
| Other operating charges | 640/8 | €1,196 | €699 | -€496 | -41.5% |
| Non-recurring operating charges | 66A | - | €5,350 | +€5,350 | |
| Gross operating margin | 9900 | €452,969 | €707,515 | +€254,546 | +56.2% |
| Operating profit (loss) | 9901 | €199,019 | €313,442 | +€114,424 | +57.5% |
| Financial income | 75/76B | €38 | €497 | +€460 | +1,218% |
| Recurring financial income | 75 | €38 | €497 | +€460 | +1,218% |
| Financial charges | 65/66B | €29,737 | €35,577 | +€5,839 | +19.6% |
| Recurring financial charges | 65 | €29,737 | €35,577 | +€5,839 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €169,319 | €278,363 | +€109,044 | +64.4% |
| Income taxes | 67/77 | €30,304 | €61,385 | +€31,080 | +103% |
| Profit (loss) for the period | 9904 | €139,015 | €216,978 | +€77,964 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €139,015 | €216,978 | +€77,964 | +56.1% |
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 21 October 2026 via checked.be.