NÓUVEAUTÉ: 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.
NÓUVEAUTÉ
Largest movements
- Receivables within one year -€18,756
down €18,756 (-93.9%), from €19,982 to €1,226
of which Other amounts receivable: -€17,469
- Cash +€10,173
up €10,173 (+5,298%), from €192 to €10,365
mainly Debts after one year (+€42,572) and Receivables within one year (+€18,756)
- Stocks and contracts -€8,708
down €8,708 (-19.3%), from €45,071 to €36,363
- Intangible fixed assets -€2,857
down €2,857 (-16.8%), from €17,034 to €14,176
- Deferred charges and accrued income -€1,939
down €1,939 (-67.3%), from €2,878 to €940
- Profit (loss) carried forward -€63,357
down €63,357 (-482%), from -€13,158 to -€76,515
- Debts after one year +€42,572
new in 2025: €42,572
- Short-term financial debts -€22,940
no longer reported in 2025 (was €22,940)
- Tax, wage and social debts -€19,641
down €19,641 (-59.3%), from €33,109 to €13,468
of which Taxes: -€19,041
- Other debts +€14,272
new in 2025: €14,272
- Gross operating margin -€48,084
down €48,084, from €101 to -€47,983
- Financial charges +€4,470
up €4,470 (+101%), from €4,414 to €8,884
- Other operating charges -€1,692
down €1,692 (-49.5%), from €3,418 to €1,727
- Staff costs -€809
down €809 (-80.0%), from €1,011 to €202
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 | €90,530 | €66,984 | -€23,547 | -26.0% |
| Fixed assets | 21/28 | €22,407 | €18,090 | -€4,317 | -19.3% |
| Intangible fixed assets | 21 | €17,034 | €14,176 | -€2,857 | -16.8% |
| Tangible fixed assets | 22/27 | €5,374 | €3,914 | -€1,460 | -27.2% |
| Plant, machinery and equipment | 23 | €737 | €329 | -€408 | -55.4% |
| Furniture and vehicles | 24 | €1,452 | €931 | -€521 | -35.9% |
| Other tangible fixed assets | 26 | €3,185 | €2,654 | -€531 | -16.7% |
| Current assets | 29/58 | €68,123 | €48,894 | -€19,229 | -28.2% |
| Stocks and contracts in progress | 3 | €45,071 | €36,363 | -€8,708 | -19.3% |
| Stocks | 30/36 | €45,071 | €36,363 | -€8,708 | -19.3% |
| Amounts receivable within one year | 40/41 | €19,982 | €1,226 | -€18,756 | -93.9% |
| Trade receivables | 40 | €1,562 | €276 | -€1,287 | -82.4% |
| Other amounts receivable | 41 | €18,420 | €951 | -€17,469 | -94.8% |
| Cash at bank and in hand | 54/58 | €192 | €10,365 | +€10,173 | +5,298% |
| Deferred charges and accrued income | 490/1 | €2,878 | €940 | -€1,939 | -67.3% |
| Total equity and liabilities | 10/49 | €90,530 | €66,984 | -€23,547 | -26.0% |
| Equity | 10/15 | -€10,158 | -€73,515 | -€63,357 | -624% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,158 | -€76,515 | -€63,357 | -482% |
| Amounts payable | 17/49 | €100,688 | €140,499 | +€39,810 | +39.5% |
| Amounts payable after more than one year | 17 | - | €42,572 | +€42,572 | |
| Financial debts | 170/4 | - | €42,572 | +€42,572 | |
| Amounts payable within one year | 42/48 | €100,688 | €97,926 | -€2,762 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €17,550 | €30,857 | +€13,307 | +75.8% |
| Financial debts | 43 | €22,940 | - | -€22,940 | |
| Credit institutions | 430/8 | €22,940 | - | -€22,940 | |
| Trade debts | 44 | €27,090 | €39,330 | +€12,240 | +45.2% |
| Suppliers | 440/4 | €27,090 | €39,330 | +€12,240 | +45.2% |
| Taxes, remuneration and social security | 45 | €33,109 | €13,468 | -€19,641 | -59.3% |
| Taxes | 450/3 | €32,509 | €13,468 | -€19,041 | -58.6% |
| Remuneration and social security | 454/9 | €600 | - | -€600 | |
| Other amounts payable | 47/48 | - | €14,272 | +€14,272 | |
| Remuneration, social security and pensions | 62 | €1,011 | €202 | -€809 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,488 | €4,317 | -€171 | -3.8% |
| Other operating charges | 640/8 | €3,418 | €1,727 | -€1,692 | -49.5% |
| Gross operating margin | 9900 | €101 | -€47,983 | -€48,084 | |
| Operating profit (loss) | 9901 | -€8,816 | -€54,229 | -€45,413 | -515% |
| Financial income | 75/76B | €328 | €5 | -€322 | -98.4% |
| Recurring financial income | 75 | €328 | €5 | -€322 | -98.4% |
| Financial charges | 65/66B | €4,414 | €8,884 | +€4,470 | +101% |
| Recurring financial charges | 65 | €4,414 | €8,884 | +€4,470 | +101% |
| Profit (loss) for the period before taxes | 9903 | -€12,903 | -€63,108 | -€50,205 | -389% |
| Income taxes | 67/77 | €255 | €249 | -€6 | -2.4% |
| Profit (loss) for the period | 9904 | -€13,158 | -€63,357 | -€50,199 | -382% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,158 | -€63,357 | -€50,199 | -382% |
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 16 October 2026 via checked.be.