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
- Cash +€42,667
up €42,667 (+161.1%), from €26,481 to €69,148
mainly Tax, wage and social debts (+€48,421) and Net result for the year (+€38,620)
- Receivables within one year +€34,250
up €34,250 (+321.7%), from €10,647 to €44,897
of which Trade receivables: +€36,204
- Tangible fixed assets -€5,308
down €5,308 (-4.6%), from €114,931 to €109,623
of which Land and buildings: -€10,251
- Tax, wage and social debts +€48,421
up €48,421 (+32116.0%), from €151 to €48,572
- Other debts +€33,766
up €33,766 (+45.7%), from €73,876 to €107,642
- Reserves -€6,289
down €6,289 (-14.4%), from €43,758 to €37,468
- Trade debts -€3,147
down €3,147 (-63.1%), from €4,989 to €1,842
- Gross operating margin +€51,827
up €51,827 (+261.1%), from €19,848 to €71,675
- Taxes +€14,114
up €14,114 (+783.6%), from €1,801 to €15,915
- Financial charges -€1,051
down €1,051 (-19.2%), from €5,479 to €4,428
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 | €158,760 | €232,069 | +€73,308 | +46.2% |
| Fixed assets | 21/28 | €114,931 | €109,623 | -€5,308 | -4.6% |
| Tangible fixed assets | 22/27 | €114,931 | €109,623 | -€5,308 | -4.6% |
| Land and buildings | 22 | €112,200 | €101,949 | -€10,251 | -9.1% |
| Furniture and vehicles | 24 | €2,731 | €7,674 | +€4,943 | +181.0% |
| Current assets | 29/58 | €43,829 | €122,446 | +€78,616 | +179.4% |
| Amounts receivable within one year | 40/41 | €10,647 | €44,897 | +€34,250 | +321.7% |
| Trade receivables | 40 | €3,000 | €39,204 | +€36,204 | +1206.8% |
| Other amounts receivable | 41 | €7,647 | €5,693 | -€1,954 | -25.6% |
| Cash at bank and in hand | 54/58 | €26,481 | €69,148 | +€42,667 | +161.1% |
| Deferred charges and accrued income | 490/1 | €6,702 | €8,401 | +€1,699 | +25.4% |
| Total equity and liabilities | 10/49 | €158,760 | €232,069 | +€73,308 | +46.2% |
| Equity | 10/15 | €69,553 | €63,457 | -€6,095 | -8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,758 | €37,468 | -€6,289 | -14.4% |
| Distributable reserves | 133 | €43,758 | €37,468 | -€6,289 | -14.4% |
| Profit (loss) carried forward | 14 | €7,195 | €7,389 | +€194 | +2.7% |
| Amounts payable | 17/49 | €89,208 | €168,612 | +€79,404 | +89.0% |
| Amounts payable within one year | 42/48 | €79,077 | €158,136 | +€79,059 | +100.0% |
| Financial debts | 43 | €61 | €80 | +€18 | +29.6% |
| Other loans | 439 | €61 | €80 | +€18 | +29.6% |
| Trade debts | 44 | €4,989 | €1,842 | -€3,147 | -63.1% |
| Suppliers | 440/4 | €4,989 | €1,842 | -€3,147 | -63.1% |
| Taxes, remuneration and social security | 45 | €151 | €48,572 | +€48,421 | +32116.0% |
| Taxes | 450/3 | €151 | €48,572 | +€48,421 | +32116.0% |
| Other amounts payable | 47/48 | €73,876 | €107,642 | +€33,766 | +45.7% |
| Accrued charges and deferred income | 492/3 | €10,131 | €10,476 | +€345 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,305 | €11,934 | +€629 | +5.6% |
| Other operating charges | 640/8 | €1,049 | €778 | -€271 | -25.8% |
| Gross operating margin | 9900 | €19,848 | €71,675 | +€51,827 | +261.1% |
| Operating profit (loss) | 9901 | €7,494 | €58,963 | +€51,469 | +686.8% |
| Financial charges | 65/66B | €5,479 | €4,428 | -€1,051 | -19.2% |
| Recurring financial charges | 65 | €5,479 | €4,428 | -€1,051 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €2,015 | €54,535 | +€52,520 | +2606.1% |
| Income taxes | 67/77 | €1,801 | €15,915 | +€14,114 | +783.6% |
| Profit (loss) for the period | 9904 | €214 | €38,620 | +€38,406 | +17929.1% |
| Profit (loss) for the period to be appropriated | 9905 | €214 | €38,620 | +€38,406 | +17929.1% |
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.