NOVA ADVICE: 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 ADVICE
Largest movements
- Current investments +€29,688
up €29,688 (+75.3%), from €39,432 to €69,120
- Receivables within one year -€14,669
down €14,669 (-46.5%), from €31,550 to €16,881
of which Trade receivables: -€15,692
- Cash +€6,490
up €6,490 (+89.6%), from €7,239 to €13,729
mainly Net result for the year (+€20,034) and Receivables within one year (+€14,669)
- Deferred charges and accrued income -€1,818
down €1,818 (-78.4%), from €2,319 to €501
- Reserves +€20,000
new in 2025: €20,000
- Trade debts -€2,504
down €2,504 (-61.4%), from €4,081 to €1,577
- Gross operating margin -€22,777
down €22,777 (-41.5%), from €54,823 to €32,046
- Taxes -€2,207
down €2,207 (-18.1%), from €12,184 to €9,977
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 | €84,290 | €103,091 | +€18,801 | +22.3% |
| Fixed assets | 21/28 | €3,749 | €2,860 | -€889 | -23.7% |
| Tangible fixed assets | 22/27 | €3,149 | €2,260 | -€889 | -28.2% |
| Furniture and vehicles | 24 | €3,149 | €2,260 | -€889 | -28.2% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €80,540 | €100,231 | +€19,690 | +24.4% |
| Amounts receivable within one year | 40/41 | €31,550 | €16,881 | -€14,669 | -46.5% |
| Trade receivables | 40 | €31,550 | €15,858 | -€15,692 | -49.7% |
| Other amounts receivable | 41 | - | €1,023 | +€1,023 | |
| Current investments | 50/53 | €39,432 | €69,120 | +€29,688 | +75.3% |
| Cash at bank and in hand | 54/58 | €7,239 | €13,729 | +€6,490 | +89.6% |
| Deferred charges and accrued income | 490/1 | €2,319 | €501 | -€1,818 | -78.4% |
| Total equity and liabilities | 10/49 | €84,290 | €103,091 | +€18,801 | +22.3% |
| Equity | 10/15 | €66,630 | €86,664 | +€20,034 | +30.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €20,000 | +€20,000 | |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €64,130 | €64,164 | +€34 | +0.1% |
| Amounts payable | 17/49 | €17,660 | €16,427 | -€1,233 | -7.0% |
| Amounts payable within one year | 42/48 | €17,660 | €16,427 | -€1,233 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | - | €1,005 | +€1,005 | |
| Financial debts | 43 | €109 | €378 | +€269 | +247.7% |
| Credit institutions | 430/8 | €109 | €378 | +€269 | +247.7% |
| Trade debts | 44 | €4,081 | €1,577 | -€2,504 | -61.4% |
| Suppliers | 440/4 | €4,081 | €1,577 | -€2,504 | -61.4% |
| Taxes, remuneration and social security | 45 | €12,270 | €12,267 | -€3 | 0.0% |
| Taxes | 450/3 | €12,184 | €12,184 | = | 0.0% |
| Remuneration and social security | 454/9 | €86 | €83 | -€3 | -3.4% |
| Other amounts payable | 47/48 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €932 | €889 | -€42 | -4.5% |
| Other operating charges | 640/8 | €1,066 | €1,041 | -€25 | -2.4% |
| Gross operating margin | 9900 | €54,823 | €32,046 | -€22,777 | -41.5% |
| Operating profit (loss) | 9901 | €52,825 | €30,116 | -€22,709 | -43.0% |
| Financial income | 75/76B | €215 | €17 | -€198 | -92.3% |
| Recurring financial income | 75 | €215 | €17 | -€198 | -92.3% |
| Financial charges | 65/66B | €133 | €122 | -€11 | -8.4% |
| Recurring financial charges | 65 | €133 | €122 | -€11 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €52,907 | €30,011 | -€22,896 | -43.3% |
| Income taxes | 67/77 | €12,184 | €9,977 | -€2,207 | -18.1% |
| Profit (loss) for the period | 9904 | €40,723 | €20,034 | -€20,689 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,723 | €20,034 | -€20,689 | -50.8% |
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 4 October 2026 via checked.be.