NONOVATION: 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.
NONOVATION
Largest movements
- Deferred charges and accrued income +€14,400
up €14,400 (+68.6%), from €21,000 to €35,400
- Receivables after one year +€10,000
new in 2025: €10,000
- Receivables within one year +€3,887
up €3,887 (+54.7%), from €7,106 to €10,993
- Cash -€1,322
no longer reported in 2025 (was €1,322)
mainly Contributions, distributions and other (-€17,500) and Deferred charges and accrued income (-€14,400)
- Reserves +€13,636
new in 2025: €13,636
- Profit (loss) carried forward +€7,044
no longer reported in 2025 (was -€7,044)
- Other debts +€5,680
up €5,680 (+32.2%), from €17,616 to €23,296
- Short-term financial debts +€2,196
new in 2025: €2,196
- Trade debts -€855
down €855 (-36.3%), from €2,355 to €1,500
- Gross operating margin +€26,784
up €26,784 (+127.1%), from €21,078 to €47,863
- Taxes +€5,742
up €5,742 (+224.0%), from €2,563 to €8,305
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 | €29,428 | €56,393 | +€26,965 | +91.6% |
| Current assets | 29/58 | €29,428 | €56,393 | +€26,965 | +91.6% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €7,106 | €10,993 | +€3,887 | +54.7% |
| Trade receivables | 40 | €7,106 | €10,993 | +€3,887 | +54.7% |
| Cash at bank and in hand | 54/58 | €1,322 | - | -€1,322 | |
| Deferred charges and accrued income | 490/1 | €21,000 | €35,400 | +€14,400 | +68.6% |
| Total equity and liabilities | 10/49 | €29,428 | €56,393 | +€26,965 | +91.6% |
| Equity | 10/15 | €1,556 | €22,236 | +€20,680 | +1328.6% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | - | €13,636 | +€13,636 | |
| Distributable reserves | 133 | - | €13,636 | +€13,636 | |
| Profit (loss) carried forward | 14 | -€7,044 | - | +€7,044 | |
| Amounts payable | 17/49 | €27,872 | €34,157 | +€6,285 | +22.5% |
| Amounts payable within one year | 42/48 | €27,872 | €34,157 | +€6,285 | +22.5% |
| Financial debts | 43 | - | €2,196 | +€2,196 | |
| Credit institutions | 430/8 | - | €2,196 | +€2,196 | |
| Trade debts | 44 | €2,355 | €1,500 | -€855 | -36.3% |
| Suppliers | 440/4 | €2,355 | €1,500 | -€855 | -36.3% |
| Taxes, remuneration and social security | 45 | €7,901 | €7,165 | -€736 | -9.3% |
| Taxes | 450/3 | €7,901 | €7,165 | -€736 | -9.3% |
| Other amounts payable | 47/48 | €17,616 | €23,296 | +€5,680 | +32.2% |
| Other operating charges | 640/8 | €1,351 | €1,125 | -€226 | -16.7% |
| Gross operating margin | 9900 | €21,078 | €47,863 | +€26,784 | +127.1% |
| Operating profit (loss) | 9901 | €19,728 | €46,738 | +€27,010 | +136.9% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €386 | €253 | -€133 | -34.4% |
| Recurring financial charges | 65 | €386 | €253 | -€133 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €19,345 | €46,485 | +€27,140 | +140.3% |
| Income taxes | 67/77 | €2,563 | €8,305 | +€5,742 | +224.0% |
| Profit (loss) for the period | 9904 | €16,782 | €38,180 | +€21,398 | +127.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,782 | €38,180 | +€21,398 | +127.5% |
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 7 October 2026 via checked.be.