NOV8: 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.
NOV8
Largest movements
- Receivables after one year +€18,000
up €18,000 (+150.0%), from €12,000 to €30,000
- Receivables within one year +€6,371
up €6,371, from €0 to €6,371
- Cash +€1,284
up €1,284 (+85.1%), from €1,510 to €2,794
mainly Net result for the year (+€22,718) and Other debts (+€2,618)
- Reserves +€13,419
new in 2025: €13,419
- Profit (loss) carried forward +€9,300
up €9,300, from -€9,300 to €0
- Other debts +€2,618
up €2,618 (+524.8%), from €499 to €3,117
- Trade debts +€1,864
up €1,864 (+76.6%), from €2,435 to €4,299
- Tax, wage and social debts -€1,623
down €1,623 (-9.2%), from €17,594 to €15,971
- Gross operating margin +€31,153
up €31,153 (+37926.4%), from €82 to €31,235
- Taxes +€7,502
up €7,502 (+22705.0%), from €33 to €7,535
- Financial charges -€1,029
down €1,029 (-59.5%), from €1,730 to €701
- Financial income +€492
up €492 (+250.0%), from €197 to €689
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 | €14,228 | €39,806 | +€25,578 | +179.8% |
| Fixed assets | 21/28 | €719 | €641 | -€77 | -10.7% |
| Tangible fixed assets | 22/27 | €269 | €191 | -€77 | -28.8% |
| Furniture and vehicles | 24 | €269 | €191 | -€77 | -28.8% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €13,510 | €39,165 | +€25,655 | +189.9% |
| Amounts receivable after more than one year | 29 | €12,000 | €30,000 | +€18,000 | +150.0% |
| Other amounts receivable | 291 | €12,000 | €30,000 | +€18,000 | +150.0% |
| Amounts receivable within one year | 40/41 | €0 | €6,371 | +€6,371 | |
| Trade receivables | 40 | €0 | €6,371 | +€6,371 | |
| Cash at bank and in hand | 54/58 | €1,510 | €2,794 | +€1,284 | +85.1% |
| Total equity and liabilities | 10/49 | €14,228 | €39,806 | +€25,578 | +179.8% |
| Equity | 10/15 | -€6,300 | €16,419 | +€22,718 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €13,419 | +€13,419 | |
| Distributable reserves | 133 | - | €13,419 | +€13,419 | |
| Profit (loss) carried forward | 14 | -€9,300 | €0 | +€9,300 | |
| Amounts payable | 17/49 | €20,528 | €23,388 | +€2,860 | +13.9% |
| Amounts payable within one year | 42/48 | €20,528 | €23,388 | +€2,860 | +13.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,435 | €4,299 | +€1,864 | +76.6% |
| Suppliers | 440/4 | €2,435 | €4,299 | +€1,864 | +76.6% |
| Taxes, remuneration and social security | 45 | €17,594 | €15,971 | -€1,623 | -9.2% |
| Taxes | 450/3 | €17,594 | €15,971 | -€1,623 | -9.2% |
| Other amounts payable | 47/48 | €499 | €3,117 | +€2,618 | +524.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77 | €77 | = | 0.0% |
| Other operating charges | 640/8 | €876 | €893 | +€17 | +1.9% |
| Gross operating margin | 9900 | €82 | €31,235 | +€31,153 | +37926.4% |
| Operating profit (loss) | 9901 | -€871 | €30,265 | +€31,136 | |
| Financial income | 75/76B | €197 | €689 | +€492 | +250.0% |
| Recurring financial income | 75 | €197 | €689 | +€492 | +250.0% |
| Financial charges | 65/66B | €1,730 | €701 | -€1,029 | -59.5% |
| Recurring financial charges | 65 | €1,730 | €701 | -€1,029 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,404 | €30,253 | +€32,657 | |
| Income taxes | 67/77 | €33 | €7,535 | +€7,502 | +22705.0% |
| Profit (loss) for the period | 9904 | -€2,437 | €22,718 | +€25,156 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,437 | €22,718 | +€25,156 |
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.