Nova: 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.
What changed
Nova
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€25,873
2024 · -€62,427+€36,554
Equity
€1.2m
2024 · €1.2m-€22,139
Cash
€17,392
2024 · €13,672+€3,720
Balance sheet total
€1.4m
2024 · €1.4m-€37,916
Largest movements
Assets
- Tangible fixed assets -€33,734
down €33,734 (-2.4%), from €1.4m to €1.4m
of which Land and buildings: -€30,226
Equity and liabilities
- Reserves +€29,869
up €29,869 (+18.8%), from €159,146 to €189,015
of which Distributable reserves: +€29,869
- Revaluation surpluses -€26,136
down €26,136 (-2.2%), from €1.2m to €1.1m
- Profit (loss) carried forward -€25,873
down €25,873 (-10.1%), from -€257,213 to -€283,086
Income statement
- Other operating charges -€67,281
down €67,281 (-88.2%), from €76,314 to €9,033
- Depreciation +€28,205
up €28,205 (+510.2%), from €5,529 to €33,734
- Gross operating margin -€2,439
down €2,439 (-12.2%), from €19,963 to €17,524
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.
Result 2024
-€62,427
Gross operating margin
-€2,439
Depreciation
-€28,205
Other operating charges
+€67,281
Financial income
+€3
Financial charges
-€101
Taxes
+€16
Result 2025
-€25,873
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.
From operations
-€9,271
Investment
+€7,257
Financing
+€5,734
Cash 2024
€13,672
From operations (derived)
-€9,271
Net result for the year
-€25,873
Depreciation
+€33,734
Receivables within one year
-€2,965
Deferred charges and accrued income
+€3,610
Provisions
-€3,734
Trade debts
-€6,722
Tax, wage and social debts
-€1,723
Other debts
-€2,040
Accrued charges and deferred income
-€3,558
Investment (derived)
+€7,257
Investment in fixed assets (net)
+€7,257
Financing
+€5,734
Debts after one year
+€2,000
Contributions, distributions and other
+€3,734
Cash 2025
€17,392
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,418,313 | €1,380,397 | -€37,916 | -2.7% |
| Fixed assets | 21/28 | €1,392,745 | €1,351,754 | -€40,991 | -2.9% |
| Tangible fixed assets | 22/27 | €1,385,488 | €1,351,754 | -€33,734 | -2.4% |
| Land and buildings | 22 | €1,379,715 | €1,349,490 | -€30,226 | -2.2% |
| Plant, machinery and equipment | 23 | €1,681 | - | -€1,681 | |
| Furniture and vehicles | 24 | €3,450 | €1,948 | -€1,503 | -43.6% |
| Other tangible fixed assets | 26 | €642 | €317 | -€325 | -50.6% |
| Financial fixed assets | 28 | €7,257 | - | -€7,257 | |
| Current assets | 29/58 | €25,568 | €28,642 | +€3,075 | +12.0% |
| Amounts receivable within one year | 40/41 | €5,964 | €8,928 | +€2,965 | +49.7% |
| Trade receivables | 40 | €200 | €200 | = | 0.0% |
| Other amounts receivable | 41 | €5,764 | €8,728 | +€2,965 | +51.4% |
| Cash at bank and in hand | 54/58 | €13,672 | €17,392 | +€3,720 | +27.2% |
| Deferred charges and accrued income | 490/1 | €5,932 | €2,322 | -€3,610 | -60.9% |
| Total equity and liabilities | 10/49 | €1,418,313 | €1,380,397 | -€37,916 | -2.7% |
| Equity | 10/15 | €1,195,763 | €1,173,623 | -€22,139 | -1.9% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Revaluation surpluses | 12 | €1,169,883 | €1,143,747 | -€26,136 | -2.2% |
| Reserves | 13 | €159,146 | €189,015 | +€29,869 | +18.8% |
| Non-distributable reserves | 130/1 | €3,787 | €3,787 | = | 0.0% |
| Legal reserve | 130 | €3,787 | €3,787 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,091 | €15,091 | = | 0.0% |
| Distributable reserves | 133 | €140,268 | €170,137 | +€29,869 | +21.3% |
| Profit (loss) carried forward | 14 | -€257,213 | -€283,086 | -€25,873 | -10.1% |
| Provisions and deferred taxes | 16 | €169,282 | €165,548 | -€3,734 | -2.2% |
| Deferred taxes | 168 | €169,282 | €165,548 | -€3,734 | -2.2% |
| Amounts payable | 17/49 | €53,268 | €41,225 | -€12,043 | -22.6% |
| Amounts payable after more than one year | 17 | €3,800 | €5,800 | +€2,000 | +52.6% |
| Other amounts payable | 178/9 | €3,800 | €5,800 | +€2,000 | +52.6% |
| Amounts payable within one year | 42/48 | €45,910 | €35,425 | -€10,485 | -22.8% |
| Trade debts | 44 | €32,126 | €25,404 | -€6,722 | -20.9% |
| Suppliers | 440/4 | €32,126 | €25,404 | -€6,722 | -20.9% |
| Taxes, remuneration and social security | 45 | €1,729 | €6 | -€1,723 | -99.7% |
| Taxes | 450/3 | €391 | €6 | -€385 | -98.5% |
| Remuneration and social security | 454/9 | €1,338 | - | -€1,338 | |
| Other amounts payable | 47/48 | €12,055 | €10,015 | -€2,040 | -16.9% |
| Accrued charges and deferred income | 492/3 | €3,558 | - | -€3,558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,529 | €33,734 | +€28,205 | +510.2% |
| Other operating charges | 640/8 | €76,314 | €9,033 | -€67,281 | -88.2% |
| Gross operating margin | 9900 | €19,963 | €17,524 | -€2,439 | -12.2% |
| Operating profit (loss) | 9901 | -€61,879 | -€25,243 | +€36,636 | +59.2% |
| Financial income | 75/76B | €0 | €3 | +€3 | +736.1% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +736.1% |
| Financial charges | 65/66B | €279 | €379 | +€101 | +36.1% |
| Recurring financial charges | 65 | €279 | €379 | +€101 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | -€62,158 | -€25,620 | +€36,538 | +58.8% |
| Income taxes | 67/77 | €269 | €253 | -€16 | -5.8% |
| Profit (loss) for the period | 9904 | -€62,427 | -€25,873 | +€36,554 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,427 | -€25,873 | +€36,554 | +58.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.