NOVA 2: 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 2
Largest movements
- Receivables within one year -€20,089
down €20,089 (-73.7%), from €27,274 to €7,185
of which Trade receivables: -€21,780
- Cash +€3,515
up €3,515 (+207.7%), from €1,692 to €5,207
mainly Receivables within one year (+€20,089) and Other debts (+€4,187)
- Intangible fixed assets -€3,000
down €3,000 (-50.0%), from €6,000 to €3,000
- Stocks and contracts -€760
no longer reported in 2025 (was €760)
- Tangible fixed assets -€435
down €435 (-56.7%), from €767 to €332
- Profit (loss) carried forward -€22,194
down €22,194 (-5913.4%), from -€375 to -€22,570
- Other debts +€4,187
up €4,187 (+27.5%), from €15,249 to €19,436
- Accrued charges and deferred income -€1,680
no longer reported in 2025 (was €1,680)
- Tax, wage and social debts -€948
no longer reported in 2025 (was €948)
- Gross operating margin -€1,482
down €1,482, from €1,429 to -€53
- Depreciation -€699
down €699 (-16.9%), from €4,134 to €3,435
- Other operating charges +€106
up €106 (+51.6%), from €204 to €310
- Financial income -€66
down €66 (-99.9%), from €66 to €0
- Financial charges -€38
down €38 (-8.8%), from €435 to €397
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 | €36,618 | €15,724 | -€20,894 | -57.1% |
| Fixed assets | 21/28 | €6,892 | €3,332 | -€3,560 | -51.7% |
| Intangible fixed assets | 21 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Tangible fixed assets | 22/27 | €767 | €332 | -€435 | -56.7% |
| Land and buildings | 22 | €498 | €332 | -€166 | -33.3% |
| Plant, machinery and equipment | 23 | €83 | - | -€83 | |
| Furniture and vehicles | 24 | €186 | - | -€186 | |
| Financial fixed assets | 28 | €125 | - | -€125 | |
| Current assets | 29/58 | €29,726 | €12,392 | -€17,335 | -58.3% |
| Stocks and contracts in progress | 3 | €760 | - | -€760 | |
| Stocks | 30/36 | €760 | - | -€760 | |
| Amounts receivable within one year | 40/41 | €27,274 | €7,185 | -€20,089 | -73.7% |
| Trade receivables | 40 | €24,649 | €2,869 | -€21,780 | -88.4% |
| Other amounts receivable | 41 | €2,625 | €4,316 | +€1,691 | +64.4% |
| Cash at bank and in hand | 54/58 | €1,692 | €5,207 | +€3,515 | +207.7% |
| Total equity and liabilities | 10/49 | €36,618 | €15,724 | -€20,894 | -57.1% |
| Equity | 10/15 | €17,573 | -€4,621 | -€22,194 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,749 | €11,749 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,889 | €9,889 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€375 | -€22,570 | -€22,194 | -5913.4% |
| Amounts payable | 17/49 | €19,045 | €20,344 | +€1,300 | +6.8% |
| Amounts payable within one year | 42/48 | €17,365 | €20,344 | +€2,980 | +17.2% |
| Trade debts | 44 | €1,168 | €908 | -€260 | -22.2% |
| Suppliers | 440/4 | €1,168 | €908 | -€260 | -22.2% |
| Taxes, remuneration and social security | 45 | €948 | - | -€948 | |
| Taxes | 450/3 | €948 | - | -€948 | |
| Other amounts payable | 47/48 | €15,249 | €19,436 | +€4,187 | +27.5% |
| Accrued charges and deferred income | 492/3 | €1,680 | - | -€1,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,134 | €3,435 | -€699 | -16.9% |
| Other operating charges | 640/8 | €204 | €310 | +€106 | +51.6% |
| Non-recurring operating charges | 66A | - | €18,000 | +€18,000 | |
| Gross operating margin | 9900 | €1,429 | -€53 | -€1,482 | |
| Operating profit (loss) | 9901 | -€2,909 | -€21,798 | -€18,889 | -649.4% |
| Financial income | 75/76B | €66 | €0 | -€66 | -99.9% |
| Recurring financial income | 75 | €66 | €0 | -€66 | -99.9% |
| Financial charges | 65/66B | €435 | €397 | -€38 | -8.8% |
| Recurring financial charges | 65 | €435 | €397 | -€38 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,278 | -€22,194 | -€18,917 | -577.1% |
| Profit (loss) for the period | 9904 | -€3,278 | -€22,194 | -€18,917 | -577.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,278 | -€22,194 | -€18,917 | -577.1% |
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 1 October 2026 via checked.be.