NOV & GREEN: 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 & GREEN
Largest movements
- Receivables within one year +€37,020
up €37,020 (+73.3%), from €50,501 to €87,521
of which Trade receivables: +€41,361
- Cash +€21,233
up €21,233 (+52.8%), from €40,186 to €61,419
mainly Net result for the year (+€57,755) and Depreciation (+€49,270)
- Deferred charges and accrued income -€3,339
down €3,339 (-16.9%), from €19,730 to €16,390
- Tangible fixed assets +€2,935
up €2,935 (+2.8%), from €106,556 to €109,492
of which Plant, machinery and equipment: +€26,354
- Reserves +€30,000
up €30,000 (+178%), from €16,860 to €46,860
- Other debts +€20,000
new in 2025: €20,000
- Profit (loss) carried forward +€7,755
up €7,755 (+5.7%), from €136,151 to €143,906
- Gross operating margin +€88,606
up €88,606 (+197%), from €45,084 to €133,690
- Taxes +€21,245
up €21,245, from -€60 to €21,185
- Financial income -€6,193
down €6,193 (-97.8%), from €6,333 to €140
of which Non-recurring financial income: -€6,332
- Financial charges +€2,690
up €2,690 (+152%), from €1,769 to €4,459
of which Non-recurring financial charges: +€3,077
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 | €216,973 | €274,822 | +€57,849 | +26.7% |
| Fixed assets | 21/28 | €106,556 | €109,492 | +€2,935 | +2.8% |
| Tangible fixed assets | 22/27 | €106,556 | €109,492 | +€2,935 | +2.8% |
| Plant, machinery and equipment | 23 | €47,964 | €74,318 | +€26,354 | +54.9% |
| Furniture and vehicles | 24 | €58,592 | €35,174 | -€23,418 | -40.0% |
| Current assets | 29/58 | €110,416 | €165,330 | +€54,914 | +49.7% |
| Amounts receivable within one year | 40/41 | €50,501 | €87,521 | +€37,020 | +73.3% |
| Trade receivables | 40 | €35,398 | €76,759 | +€41,361 | +117% |
| Other amounts receivable | 41 | €15,102 | €10,761 | -€4,341 | -28.7% |
| Cash at bank and in hand | 54/58 | €40,186 | €61,419 | +€21,233 | +52.8% |
| Deferred charges and accrued income | 490/1 | €19,730 | €16,390 | -€3,339 | -16.9% |
| Total equity and liabilities | 10/49 | €216,973 | €274,822 | +€57,849 | +26.7% |
| Equity | 10/15 | €159,211 | €196,966 | +€37,755 | +23.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,860 | €46,860 | +€30,000 | +178% |
| Distributable reserves | 133 | €16,860 | €46,860 | +€30,000 | +178% |
| Profit (loss) carried forward | 14 | €136,151 | €143,906 | +€7,755 | +5.7% |
| Amounts payable | 17/49 | €57,762 | €77,856 | +€20,094 | +34.8% |
| Amounts payable after more than one year | 17 | €25,149 | €26,141 | +€991 | +3.9% |
| Financial debts | 170/4 | €25,149 | €26,141 | +€991 | +3.9% |
| Amounts payable within one year | 42/48 | €32,613 | €51,715 | +€19,102 | +58.6% |
| Current portion of amounts payable after more than one year | 42 | €21,647 | €22,844 | +€1,197 | +5.5% |
| Trade debts | 44 | €10,966 | €8,871 | -€2,095 | -19.1% |
| Suppliers | 440/4 | €10,966 | €8,871 | -€2,095 | -19.1% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | - | €154 | +€154 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,456 | €49,270 | +€814 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €375 | +€375 | |
| Other operating charges | 640/8 | €710 | €631 | -€79 | -11.2% |
| Gross operating margin | 9900 | €45,084 | €133,690 | +€88,606 | +197% |
| Operating profit (loss) | 9901 | -€4,082 | €83,260 | +€87,342 | |
| Financial income | 75/76B | €6,333 | €140 | -€6,193 | -97.8% |
| Recurring financial income | 75 | €0 | €140 | +€139 | +154,967% |
| Non-recurring financial income | 76B | €6,332 | - | -€6,332 | |
| Financial charges | 65/66B | €1,769 | €4,459 | +€2,690 | +152% |
| Recurring financial charges | 65 | €1,769 | €1,382 | -€387 | -21.9% |
| Non-recurring financial charges | 66B | - | €3,077 | +€3,077 | |
| Profit (loss) for the period before taxes | 9903 | €482 | €78,940 | +€78,458 | +16,278% |
| Income taxes | 67/77 | -€60 | €21,185 | +€21,245 | |
| Profit (loss) for the period | 9904 | €542 | €57,755 | +€57,213 | +10,556% |
| Profit (loss) for the period to be appropriated | 9905 | €542 | €57,755 | +€57,213 | +10,556% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.