N.OVA: 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.
N.OVA
Largest movements
- Receivables within one year +€213,750
up €213,750 (+88.9%), from €240,331 to €454,081
of which Other amounts receivable: +€120,245
- Current investments +€22,622
new in 2025: €22,622
- Tangible fixed assets -€19,088
down €19,088 (-2.9%), from €662,913 to €643,825
of which Land and buildings: -€17,482
- Cash +€14,252
up €14,252 (+24.6%), from €57,890 to €72,141
mainly Net result for the year (+€232,755) and Trade debts (+€73,008)
- Profit (loss) carried forward +€232,755
up €232,755 (+55.1%), from €422,157 to €654,911
- Trade debts +€73,008
up €73,008 (+85.8%), from €85,129 to €158,137
- Tax, wage and social debts -€54,228
down €54,228 (-36.8%), from €147,417 to €93,189
- Other debts -€20,000
down €20,000 (-19.3%), from €103,736 to €83,736
- Gross operating margin +€38,261
up €38,261 (+12.0%), from €318,498 to €356,759
- Taxes +€17,178
up €17,178 (+27.6%), from €62,326 to €79,504
- Depreciation -€5,869
down €5,869 (-12.4%), from €47,277 to €41,408
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.
Cash bridge derived
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 | €961,439 | €1,192,974 | +€231,535 | +24.1% |
| Fixed assets | 21/28 | €663,218 | €644,130 | -€19,088 | -2.9% |
| Tangible fixed assets | 22/27 | €662,913 | €643,825 | -€19,088 | -2.9% |
| Land and buildings | 22 | €659,592 | €642,110 | -€17,482 | -2.7% |
| Plant, machinery and equipment | 23 | €3,321 | €1,714 | -€1,607 | -48.4% |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €298,221 | €548,844 | +€250,623 | +84.0% |
| Amounts receivable within one year | 40/41 | €240,331 | €454,081 | +€213,750 | +88.9% |
| Trade receivables | 40 | €235,412 | €328,917 | +€93,505 | +39.7% |
| Other amounts receivable | 41 | €4,919 | €125,164 | +€120,245 | +2444.4% |
| Current investments | 50/53 | - | €22,622 | +€22,622 | |
| Cash at bank and in hand | 54/58 | €57,890 | €72,141 | +€14,252 | +24.6% |
| Total equity and liabilities | 10/49 | €961,439 | €1,192,974 | +€231,535 | +24.1% |
| Equity | 10/15 | €625,157 | €857,911 | +€232,755 | +37.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €200,000 | €200,000 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €422,157 | €654,911 | +€232,755 | +55.1% |
| Amounts payable | 17/49 | €336,282 | €335,063 | -€1,220 | -0.4% |
| Amounts payable within one year | 42/48 | €336,282 | €335,063 | -€1,220 | -0.4% |
| Trade debts | 44 | €85,129 | €158,137 | +€73,008 | +85.8% |
| Suppliers | 440/4 | €85,129 | €158,137 | +€73,008 | +85.8% |
| Taxes, remuneration and social security | 45 | €147,417 | €93,189 | -€54,228 | -36.8% |
| Taxes | 450/3 | €147,417 | €93,189 | -€54,228 | -36.8% |
| Other amounts payable | 47/48 | €103,736 | €83,736 | -€20,000 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,277 | €41,408 | -€5,869 | -12.4% |
| Other operating charges | 640/8 | - | €2,277 | +€2,277 | |
| Gross operating margin | 9900 | €318,498 | €356,759 | +€38,261 | +12.0% |
| Operating profit (loss) | 9901 | €271,221 | €313,074 | +€41,852 | +15.4% |
| Financial income | 75/76B | €325 | €2,383 | +€2,058 | +634.0% |
| Recurring financial income | 75 | €325 | €2,383 | +€2,058 | +634.0% |
| Financial charges | 65/66B | €5,143 | €3,198 | -€1,946 | -37.8% |
| Recurring financial charges | 65 | €5,143 | €3,198 | -€1,946 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €266,402 | €312,259 | +€45,857 | +17.2% |
| Income taxes | 67/77 | €62,326 | €79,504 | +€17,178 | +27.6% |
| Profit (loss) for the period | 9904 | €204,076 | €232,755 | +€28,679 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €204,076 | €232,755 | +€28,679 | +14.1% |
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 12 October 2026 via checked.be.