Newvation: what changed
Two fiscal 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.
Newvation
Largest movements
- Cash -€144,306
down €144,306 (-63.6%), from €226,726 to €82,420
mainly Contributions, distributions and other (-€53,869) and Tax, wage and social debts (-€50,665)
- Receivables within one year +€46,941
up €46,941 (+95.7%), from €49,054 to €95,995
of which Other amounts receivable: +€45,612
- Current investments +€20,000
new in 2025: €20,000
- Tax, wage and social debts -€50,665
down €50,665 (-66.4%), from €76,272 to €25,608
of which Taxes: -€50,665
- Reserves -€26,367
down €26,367 (-13.7%), from €192,827 to €166,460
- Trade debts -€5,609
down €5,609 (-49.8%), from €11,261 to €5,652
- Other debts +€4,432
new in 2025: €4,432
- Gross operating margin -€21,429
down €21,429 (-31.2%), from €68,763 to €47,334
- Financial charges -€14,784
down €14,784 (-99.0%), from €14,939 to €155
- Taxes -€2,675
down €2,675 (-14.8%), from €18,064 to €15,389
- Depreciation -€1,786
down €1,786 (-37.6%), from €4,749 to €2,964
- Financial income -€1,330
down €1,330 (-99.7%), from €1,334 to €4
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 | €298,961 | €220,752 | -€78,209 | -26.2% |
| Fixed assets | 21/28 | €21,533 | €21,125 | -€408 | -1.9% |
| Tangible fixed assets | 22/27 | €4,883 | €4,475 | -€408 | -8.4% |
| Land and buildings | 22 | €2,047 | €1,109 | -€938 | -45.8% |
| Plant, machinery and equipment | 23 | €2,836 | €3,366 | +€530 | +18.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €16,650 | €16,650 | = | 0.0% |
| Current assets | 29/58 | €277,428 | €199,626 | -€77,801 | -28.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €49,054 | €95,995 | +€46,941 | +95.7% |
| Trade receivables | 40 | €21,166 | €22,495 | +€1,329 | +6.3% |
| Other amounts receivable | 41 | €27,888 | €73,500 | +€45,612 | +163.6% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €226,726 | €82,420 | -€144,306 | -63.6% |
| Deferred charges and accrued income | 490/1 | €1,648 | €1,211 | -€436 | -26.5% |
| Total equity and liabilities | 10/49 | €298,961 | €220,752 | -€78,209 | -26.2% |
| Equity | 10/15 | €211,427 | €185,060 | -€26,367 | -12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €192,827 | €166,460 | -€26,367 | -13.7% |
| Distributable reserves | 133 | €192,827 | €166,460 | -€26,367 | -13.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €87,534 | €35,692 | -€51,842 | -59.2% |
| Amounts payable within one year | 42/48 | €87,534 | €35,692 | -€51,842 | -59.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €11,261 | €5,652 | -€5,609 | -49.8% |
| Suppliers | 440/4 | €11,261 | €5,652 | -€5,609 | -49.8% |
| Taxes, remuneration and social security | 45 | €76,272 | €25,608 | -€50,665 | -66.4% |
| Taxes | 450/3 | €76,272 | €25,608 | -€50,665 | -66.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €4,432 | +€4,432 | |
| Non-recurring operating income | 76A | €826 | €0 | -€826 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,749 | €2,964 | -€1,786 | -37.6% |
| Other operating charges | 640/8 | €1,193 | €1,329 | +€136 | +11.4% |
| Gross operating margin | 9900 | €68,763 | €47,334 | -€21,429 | -31.2% |
| Operating profit (loss) | 9901 | €62,821 | €43,041 | -€19,779 | -31.5% |
| Financial income | 75/76B | €1,334 | €4 | -€1,330 | -99.7% |
| Recurring financial income | 75 | €1,334 | €4 | -€1,330 | -99.7% |
| Financial charges | 65/66B | €14,939 | €155 | -€14,784 | -99.0% |
| Recurring financial charges | 65 | €14,939 | €155 | -€14,784 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €49,216 | €42,891 | -€6,325 | -12.9% |
| Income taxes | 67/77 | €18,064 | €15,389 | -€2,675 | -14.8% |
| Profit (loss) for the period | 9904 | €31,152 | €27,502 | -€3,650 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,152 | €27,502 | -€3,650 | -11.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.