NOVA: 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.
NOVA
Largest movements
- Stocks and contracts +€22,409
up €22,409 (+23.5%), from €95,355 to €117,764
- Tangible fixed assets -€15,843
down €15,843 (-39.8%), from €39,818 to €23,975
of which Leasing and similar rights: -€14,675
- Cash -€9,030
down €9,030 (-17.4%), from €51,785 to €42,755
mainly Stocks and contracts (-€22,409) and Current portion of long-term debt (-€8,288)
- Trade debts +€9,163
up €9,163 (+47.8%), from €19,156 to €28,319
- Current portion of long-term debt -€8,288
down €8,288 (-68.7%), from €12,068 to €3,779
- Reserves +€5,174
up €5,174 (+3.7%), from €140,087 to €145,261
- Tax, wage and social debts -€4,770
down €4,770 (-23.1%), from €20,691 to €15,921
of which Taxes: -€5,091
- Debts after one year -€3,779
down €3,779 (-100%), from €3,779 to €0
- Financial income -€18,008
down €18,008 (-71.4%), from €25,213 to €7,204
- Depreciation -€12,899
down €12,899 (-52.2%), from €24,730 to €11,831
- Gross operating margin -€11,564
down €11,564 (-21.3%), from €54,287 to €42,723
- Taxes -€6,638
down €6,638 (-68.3%), from €9,712 to €3,074
- Other operating charges +€5,975
up €5,975 (+124%), from €4,811 to €10,786
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 | €248,752 | €246,130 | -€2,622 | -1.1% |
| Fixed assets | 21/28 | €40,103 | €24,260 | -€15,843 | -39.5% |
| Tangible fixed assets | 22/27 | €39,818 | €23,975 | -€15,843 | -39.8% |
| Plant, machinery and equipment | 23 | - | €1,991 | +€1,991 | |
| Furniture and vehicles | 24 | €1,783 | €1,341 | -€442 | -24.8% |
| Leasing and similar rights | 25 | €20,921 | €6,246 | -€14,675 | -70.1% |
| Other tangible fixed assets | 26 | €17,114 | €14,397 | -€2,717 | -15.9% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €208,650 | €221,870 | +€13,220 | +6.3% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €95,355 | €117,764 | +€22,409 | +23.5% |
| Stocks | 30/36 | €95,355 | €117,764 | +€22,409 | +23.5% |
| Amounts receivable within one year | 40/41 | €129 | €423 | +€295 | +229% |
| Other amounts receivable | 41 | €129 | €423 | +€295 | +229% |
| Cash at bank and in hand | 54/58 | €51,785 | €42,755 | -€9,030 | -17.4% |
| Deferred charges and accrued income | 490/1 | €1,381 | €927 | -€454 | -32.9% |
| Total equity and liabilities | 10/49 | €248,752 | €246,130 | -€2,622 | -1.1% |
| Equity | 10/15 | €171,074 | €176,248 | +€5,174 | +3.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €140,087 | €145,261 | +€5,174 | +3.7% |
| Distributable reserves | 133 | €140,087 | €145,261 | +€5,174 | +3.7% |
| Amounts payable | 17/49 | €77,678 | €69,882 | -€7,796 | -10.0% |
| Amounts payable after more than one year | 17 | €3,779 | €0 | -€3,779 | -100% |
| Financial debts | 170/4 | €3,779 | €0 | -€3,779 | -100% |
| Amounts payable within one year | 42/48 | €70,320 | €69,882 | -€438 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €12,068 | €3,779 | -€8,288 | -68.7% |
| Trade debts | 44 | €19,156 | €28,319 | +€9,163 | +47.8% |
| Suppliers | 440/4 | €19,156 | €28,319 | +€9,163 | +47.8% |
| Advances received on contracts in progress | 46 | - | €438 | +€438 | |
| Taxes, remuneration and social security | 45 | €20,691 | €15,921 | -€4,770 | -23.1% |
| Taxes | 450/3 | €19,862 | €14,771 | -€5,091 | -25.6% |
| Remuneration and social security | 454/9 | €828 | €1,150 | +€321 | +38.8% |
| Other amounts payable | 47/48 | €18,406 | €21,425 | +€3,020 | +16.4% |
| Accrued charges and deferred income | 492/3 | €3,578 | €0 | -€3,578 | -100% |
| Remuneration, social security and pensions | 62 | €18,851 | €18,377 | -€474 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,730 | €11,831 | -€12,899 | -52.2% |
| Other operating charges | 640/8 | €4,811 | €10,786 | +€5,975 | +124% |
| Non-recurring operating charges | 66A | - | €47 | +€47 | |
| Gross operating margin | 9900 | €54,287 | €42,723 | -€11,564 | -21.3% |
| Operating profit (loss) | 9901 | €5,896 | €1,682 | -€4,213 | -71.5% |
| Financial income | 75/76B | €25,213 | €7,204 | -€18,008 | -71.4% |
| Recurring financial income | 75 | €25,213 | €7,204 | -€18,008 | -71.4% |
| Financial charges | 65/66B | €2,121 | €639 | -€1,482 | -69.9% |
| Recurring financial charges | 65 | €2,121 | €639 | -€1,482 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €28,987 | €8,248 | -€20,740 | -71.5% |
| Income taxes | 67/77 | €9,712 | €3,074 | -€6,638 | -68.3% |
| Profit (loss) for the period | 9904 | €19,275 | €5,174 | -€14,102 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,275 | €5,174 | -€14,102 | -73.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.