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.
NOVA
Largest movements
- Receivables within one year +€42,639
up €42,639 (+144.5%), from €29,508 to €72,147
of which Trade receivables: +€26,418
- Cash +€12,257
up €12,257 (+195.2%), from €6,278 to €18,535
mainly Net result for the year (+€45,342) and Deferred charges and accrued income (+€6,315)
- Deferred charges and accrued income -€6,315
down €6,315 (-79.9%), from €7,907 to €1,592
- Tangible fixed assets +€1,948
up €1,948 (+26.6%), from €7,318 to €9,266
- Profit (loss) carried forward +€45,342
up €45,342 (+272.7%), from €16,626 to €61,968
- Tax, wage and social debts +€4,393
up €4,393 (+98.3%), from €4,467 to €8,861
of which Taxes: +€2,593
- Trade debts +€1,127
up €1,127 (+14.4%), from €7,814 to €8,941
- Gross operating margin +€83,648
up €83,648, from -€24,522 to €59,126
- Taxes +€6,978
up €6,978 (+7904.8%), from €88 to €7,067
- Depreciation +€1,274
up €1,274 (+29.4%), from €4,336 to €5,610
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 | €51,180 | €101,709 | +€50,529 | +98.7% |
| Fixed assets | 21/28 | €7,487 | €9,435 | +€1,948 | +26.0% |
| Tangible fixed assets | 22/27 | €7,318 | €9,266 | +€1,948 | +26.6% |
| Plant, machinery and equipment | 23 | €7,318 | €9,266 | +€1,948 | +26.6% |
| Financial fixed assets | 28 | €168 | €168 | = | 0.0% |
| Current assets | 29/58 | €43,693 | €92,275 | +€48,581 | +111.2% |
| Amounts receivable within one year | 40/41 | €29,508 | €72,147 | +€42,639 | +144.5% |
| Trade receivables | 40 | €28,797 | €55,216 | +€26,418 | +91.7% |
| Other amounts receivable | 41 | €711 | €16,932 | +€16,221 | +2283.1% |
| Cash at bank and in hand | 54/58 | €6,278 | €18,535 | +€12,257 | +195.2% |
| Deferred charges and accrued income | 490/1 | €7,907 | €1,592 | -€6,315 | -79.9% |
| Total equity and liabilities | 10/49 | €51,180 | €101,709 | +€50,529 | +98.7% |
| Equity | 10/15 | €37,088 | €82,430 | +€45,342 | +122.3% |
| Contributions | 10/11 | €20,462 | €20,462 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,626 | €61,968 | +€45,342 | +272.7% |
| Amounts payable | 17/49 | €14,092 | €19,279 | +€5,187 | +36.8% |
| Amounts payable within one year | 42/48 | €14,092 | €19,279 | +€5,187 | +36.8% |
| Trade debts | 44 | €7,814 | €8,941 | +€1,127 | +14.4% |
| Suppliers | 440/4 | €7,814 | €8,941 | +€1,127 | +14.4% |
| Taxes, remuneration and social security | 45 | €4,467 | €8,861 | +€4,393 | +98.3% |
| Taxes | 450/3 | €4,467 | €7,061 | +€2,593 | +58.0% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €1,810 | €1,478 | -€333 | -18.4% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,336 | €5,610 | +€1,274 | +29.4% |
| Other operating charges | 640/8 | €565 | €917 | +€352 | +62.3% |
| Non-recurring operating charges | 66A | €596 | - | -€596 | |
| Gross operating margin | 9900 | -€24,522 | €59,126 | +€83,648 | |
| Operating profit (loss) | 9901 | -€30,019 | €52,598 | +€82,617 | |
| Financial income | 75/76B | €294 | €115 | -€179 | -60.9% |
| Recurring financial income | 75 | €294 | €115 | -€179 | -60.9% |
| Financial charges | 65/66B | €479 | €304 | -€175 | -36.5% |
| Recurring financial charges | 65 | €479 | €304 | -€175 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | -€30,204 | €52,409 | +€82,613 | |
| Income taxes | 67/77 | €88 | €7,067 | +€6,978 | +7904.8% |
| Profit (loss) for the period | 9904 | -€30,292 | €45,342 | +€75,634 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,292 | €45,342 | +€75,634 |
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.