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 +€28,654
up €28,654 (+47.5%), from €60,362 to €89,016
of which Trade receivables: +€29,938
- Reserves +€27,061
up €27,061 (+83.3%), from €32,486 to €59,547
- Debts after one year -€13,300
down €13,300 (-27.1%), from €49,049 to €35,749
- Short-term financial debts +€9,000
new in 2025: €9,000
- Current portion of long-term debt -€8,990
down €8,990 (-40.6%), from €22,117 to €13,127
- Trade debts +€5,731
up €5,731 (+4985.2%), from €115 to €5,845
- Gross operating margin +€22,629
up €22,629 (+109.2%), from €20,716 to €43,345
- Taxes +€7,433
up €7,433 (+139.2%), from €5,341 to €12,773
- Financial charges -€1,115
down €1,115 (-22.1%), from €5,048 to €3,933
- Other operating charges -€737
down €737 (-58.9%), from €1,251 to €515
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 | €192,009 | €219,964 | +€27,955 | +14.6% |
| Fixed assets | 21/28 | €130,000 | €130,000 | = | 0.0% |
| Financial fixed assets | 28 | €130,000 | €130,000 | = | 0.0% |
| Current assets | 29/58 | €62,009 | €89,964 | +€27,955 | +45.1% |
| Amounts receivable within one year | 40/41 | €60,362 | €89,016 | +€28,654 | +47.5% |
| Trade receivables | 40 | €10,650 | €40,588 | +€29,938 | +281.1% |
| Other amounts receivable | 41 | €49,712 | €48,428 | -€1,284 | -2.6% |
| Cash at bank and in hand | 54/58 | €1,647 | €309 | -€1,338 | -81.2% |
| Deferred charges and accrued income | 490/1 | - | €639 | +€639 | |
| Total equity and liabilities | 10/49 | €192,009 | €219,964 | +€27,955 | +14.6% |
| Equity | 10/15 | €42,486 | €69,547 | +€27,061 | +63.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €32,486 | €59,547 | +€27,061 | +83.3% |
| Distributable reserves | 133 | €32,486 | €59,547 | +€27,061 | +83.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €149,523 | €150,417 | +€894 | +0.6% |
| Amounts payable after more than one year | 17 | €49,049 | €35,749 | -€13,300 | -27.1% |
| Financial debts | 170/4 | €49,049 | €35,749 | -€13,300 | -27.1% |
| Amounts payable within one year | 42/48 | €100,474 | €114,668 | +€14,195 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €22,117 | €13,127 | -€8,990 | -40.6% |
| Financial debts | 43 | - | €9,000 | +€9,000 | |
| Credit institutions | 430/8 | - | €9,000 | +€9,000 | |
| Trade debts | 44 | €115 | €5,845 | +€5,731 | +4985.2% |
| Suppliers | 440/4 | €115 | €5,845 | +€5,731 | +4985.2% |
| Taxes, remuneration and social security | 45 | €7,876 | €10,679 | +€2,804 | +35.6% |
| Taxes | 450/3 | €7,876 | €10,679 | +€2,804 | +35.6% |
| Other amounts payable | 47/48 | €70,367 | €76,017 | +€5,650 | +8.0% |
| Other operating charges | 640/8 | €1,251 | €515 | -€737 | -58.9% |
| Gross operating margin | 9900 | €20,716 | €43,345 | +€22,629 | +109.2% |
| Operating profit (loss) | 9901 | €19,465 | €42,830 | +€23,365 | +120.0% |
| Financial income | 75/76B | €1,064 | €937 | -€127 | -11.9% |
| Recurring financial income | 75 | €1,064 | €937 | -€127 | -11.9% |
| Financial charges | 65/66B | €5,048 | €3,933 | -€1,115 | -22.1% |
| Recurring financial charges | 65 | €5,048 | €3,933 | -€1,115 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €15,481 | €39,835 | +€24,353 | +157.3% |
| Income taxes | 67/77 | €5,341 | €12,773 | +€7,433 | +139.2% |
| Profit (loss) for the period | 9904 | €10,140 | €27,061 | +€16,921 | +166.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,140 | €27,061 | +€16,921 | +166.9% |
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 6 October 2026 via checked.be.