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
- Cash +€26,050
up €26,050 (+101%), from €25,826 to €51,876
mainly Net result for the year (+€27,700) and Other debts (+€9,992)
- Receivables within one year +€7,448
up €7,448 (+81.3%), from €9,164 to €16,612
of which Trade receivables: +€6,725
- Deferred charges and accrued income -€2,325
down €2,325 (-17.9%), from €12,979 to €10,654
- Stocks and contracts +€1,350
up €1,350 (+54.0%), from €2,500 to €3,850
- Tangible fixed assets +€1,096
new in 2025: €1,096
- Profit (loss) carried forward +€22,700
up €22,700 (+67.0%), from €33,882 to €56,582
- Other debts +€9,992
up €9,992 (+119%), from €8,406 to €18,398
- Tax, wage and social debts +€1,000
up €1,000 (+20.1%), from €4,966 to €5,966
- Gross operating margin -€9,074
down €9,074 (-20.5%), from €44,245 to €35,171
- Taxes -€2,242
down €2,242 (-25.0%), from €8,966 to €6,724
- Other operating charges -€606
down €606 (-48.4%), from €1,250 to €645
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 | €50,469 | €84,088 | +€33,618 | +66.6% |
| Fixed assets | 21/28 | - | €1,096 | +€1,096 | |
| Tangible fixed assets | 22/27 | - | €1,096 | +€1,096 | |
| Plant, machinery and equipment | 23 | - | €1,096 | +€1,096 | |
| Current assets | 29/58 | €50,469 | €82,992 | +€32,522 | +64.4% |
| Stocks and contracts in progress | 3 | €2,500 | €3,850 | +€1,350 | +54.0% |
| Stocks | 30/36 | €2,500 | €3,850 | +€1,350 | +54.0% |
| Amounts receivable within one year | 40/41 | €9,164 | €16,612 | +€7,448 | +81.3% |
| Trade receivables | 40 | €9,111 | €15,836 | +€6,725 | +73.8% |
| Other amounts receivable | 41 | €53 | €776 | +€723 | +1,365% |
| Cash at bank and in hand | 54/58 | €25,826 | €51,876 | +€26,050 | +101% |
| Deferred charges and accrued income | 490/1 | €12,979 | €10,654 | -€2,325 | -17.9% |
| Total equity and liabilities | 10/49 | €50,469 | €84,088 | +€33,618 | +66.6% |
| Equity | 10/15 | €36,282 | €58,982 | +€22,700 | +62.6% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,882 | €56,582 | +€22,700 | +67.0% |
| Amounts payable | 17/49 | €14,188 | €25,106 | +€10,918 | +77.0% |
| Amounts payable within one year | 42/48 | €14,188 | €25,106 | +€10,918 | +77.0% |
| Trade debts | 44 | €816 | €742 | -€74 | -9.0% |
| Suppliers | 440/4 | €816 | €742 | -€74 | -9.0% |
| Taxes, remuneration and social security | 45 | €4,966 | €5,966 | +€1,000 | +20.1% |
| Taxes | 450/3 | €4,966 | €5,966 | +€1,000 | +20.1% |
| Other amounts payable | 47/48 | €8,406 | €18,398 | +€9,992 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €33 | +€33 | |
| Other operating charges | 640/8 | €1,250 | €645 | -€606 | -48.4% |
| Gross operating margin | 9900 | €44,245 | €35,171 | -€9,074 | -20.5% |
| Operating profit (loss) | 9901 | €42,994 | €34,493 | -€8,502 | -19.8% |
| Financial income | 75/76B | €4 | €14 | +€10 | +223% |
| Recurring financial income | 75 | €4 | €14 | +€10 | +223% |
| Financial charges | 65/66B | €151 | €83 | -€68 | -45.1% |
| Recurring financial charges | 65 | €151 | €83 | -€68 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €42,848 | €34,424 | -€8,424 | -19.7% |
| Income taxes | 67/77 | €8,966 | €6,724 | -€2,242 | -25.0% |
| Profit (loss) for the period | 9904 | €33,882 | €27,700 | -€6,182 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,882 | €27,700 | -€6,182 | -18.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.