NOV'ELEC: 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.
NOV'ELEC
Largest movements
- Receivables within one year -€13,280
down €13,280 (-65.3%), from €20,325 to €7,045
of which Trade receivables: -€7,671
- Deferred charges and accrued income +€10,052
up €10,052 (+401%), from €2,509 to €12,560
- Stocks and contracts +€2,265
up €2,265 (+48.7%), from €4,650 to €6,915
- Cash -€1,392
down €1,392 (-16.4%), from €8,494 to €7,102
mainly Investment in fixed assets (net) (-€17,397) and Deferred charges and accrued income (-€10,052)
- Debts after one year -€8,991
down €8,991 (-38.8%), from €23,175 to €14,184
- Trade debts +€6,896
up €6,896 (+233%), from €2,958 to €9,854
- Other debts +€1,259
up €1,259 (+21.2%), from €5,938 to €7,197
- Gross operating margin -€7,379
down €7,379 (-27.6%), from €26,768 to €19,389
- Depreciation +€5,217
up €5,217 (+44.1%), from €11,836 to €17,053
- Taxes -€2,182
no longer reported in 2025 (was €2,182)
- Staff costs -€678
down €678 (-25.0%), from €2,712 to €2,034
- Financial charges +€368
up €368 (+38.7%), from €951 to €1,320
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 | €113,170 | €111,157 | -€2,012 | -1.8% |
| Fixed assets | 21/28 | €77,191 | €77,534 | +€343 | +0.4% |
| Tangible fixed assets | 22/27 | €77,191 | €77,534 | +€343 | +0.4% |
| Plant, machinery and equipment | 23 | €36,876 | €38,942 | +€2,066 | +5.6% |
| Furniture and vehicles | 24 | €40,315 | €38,592 | -€1,722 | -4.3% |
| Current assets | 29/58 | €35,979 | €33,623 | -€2,356 | -6.5% |
| Stocks and contracts in progress | 3 | €4,650 | €6,915 | +€2,265 | +48.7% |
| Stocks | 30/36 | €4,650 | €6,915 | +€2,265 | +48.7% |
| Amounts receivable within one year | 40/41 | €20,325 | €7,045 | -€13,280 | -65.3% |
| Trade receivables | 40 | €10,705 | €3,033 | -€7,671 | -71.7% |
| Other amounts receivable | 41 | €9,621 | €4,012 | -€5,609 | -58.3% |
| Cash at bank and in hand | 54/58 | €8,494 | €7,102 | -€1,392 | -16.4% |
| Deferred charges and accrued income | 490/1 | €2,509 | €12,560 | +€10,052 | +401% |
| Total equity and liabilities | 10/49 | €113,170 | €111,157 | -€2,012 | -1.8% |
| Equity | 10/15 | €68,591 | €67,533 | -€1,058 | -1.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,359 | €14,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,640 | €34,582 | -€1,058 | -3.0% |
| Amounts payable | 17/49 | €44,578 | €43,624 | -€955 | -2.1% |
| Amounts payable after more than one year | 17 | €23,175 | €14,184 | -€8,991 | -38.8% |
| Financial debts | 170/4 | €23,175 | €14,184 | -€8,991 | -38.8% |
| Amounts payable within one year | 42/48 | €21,404 | €29,440 | +€8,036 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €8,636 | €8,991 | +€355 | +4.1% |
| Trade debts | 44 | €2,958 | €9,854 | +€6,896 | +233% |
| Suppliers | 440/4 | €2,958 | €9,854 | +€6,896 | +233% |
| Taxes, remuneration and social security | 45 | €3,872 | €3,399 | -€473 | -12.2% |
| Taxes | 450/3 | €3,800 | €2,950 | -€850 | -22.4% |
| Remuneration and social security | 454/9 | €72 | €449 | +€377 | +524% |
| Other amounts payable | 47/48 | €5,938 | €7,197 | +€1,259 | +21.2% |
| Remuneration, social security and pensions | 62 | €2,712 | €2,034 | -€678 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,836 | €17,053 | +€5,217 | +44.1% |
| Other operating charges | 640/8 | €107 | €63 | -€43 | -40.7% |
| Gross operating margin | 9900 | €26,768 | €19,389 | -€7,379 | -27.6% |
| Operating profit (loss) | 9901 | €12,113 | €238 | -€11,875 | -98.0% |
| Financial income | 75/76B | €29 | €24 | -€5 | -18.1% |
| Recurring financial income | 75 | €29 | €24 | -€5 | -18.1% |
| Financial charges | 65/66B | €951 | €1,320 | +€368 | +38.7% |
| Recurring financial charges | 65 | €951 | €1,320 | +€368 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €11,191 | -€1,058 | -€12,248 | |
| Income taxes | 67/77 | €2,182 | - | -€2,182 | |
| Profit (loss) for the period | 9904 | €9,009 | -€1,058 | -€10,067 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,009 | -€1,058 | -€10,067 |
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 20 October 2026 via checked.be.