Nova-Al: 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-Al
Largest movements
- Receivables within one year -€53,432
down €53,432 (-14.3%), from €373,240 to €319,807
of which Trade receivables: -€48,631
- Cash +€34,726
up €34,726 (+515.9%), from €6,731 to €41,457
mainly Trade debts (+€63,371) and Receivables within one year (+€53,432)
- Accrued charges and deferred income -€69,155
no longer reported in 2025 (was €69,155)
- Trade debts +€63,371
up €63,371 (+24.4%), from €259,425 to €322,795
- Debts after one year -€8,852
down €8,852 (-43.0%), from €20,600 to €11,748
- Tax, wage and social debts -€8,839
down €8,839 (-30.7%), from €28,765 to €19,926
of which Taxes: -€5,221
- Staff costs +€45,660
new in 2025: €45,660
- Gross operating margin +€35,382
up €35,382 (+88.5%), from €39,981 to €75,363
- Depreciation +€8,502
up €8,502 (+81.7%), from €10,403 to €18,906
- Taxes -€3,405
down €3,405 (-67.8%), from €5,025 to €1,620
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 | €435,202 | €416,202 | -€19,000 | -4.4% |
| Fixed assets | 21/28 | €55,231 | €54,938 | -€294 | -0.5% |
| Tangible fixed assets | 22/27 | €55,231 | €54,938 | -€294 | -0.5% |
| Plant, machinery and equipment | 23 | €1,575 | €2,099 | +€525 | +33.3% |
| Furniture and vehicles | 24 | €53,657 | €52,838 | -€818 | -1.5% |
| Current assets | 29/58 | €379,971 | €361,264 | -€18,706 | -4.9% |
| Amounts receivable within one year | 40/41 | €373,240 | €319,807 | -€53,432 | -14.3% |
| Trade receivables | 40 | €363,233 | €314,602 | -€48,631 | -13.4% |
| Other amounts receivable | 41 | €10,007 | €5,205 | -€4,802 | -48.0% |
| Cash at bank and in hand | 54/58 | €6,731 | €41,457 | +€34,726 | +515.9% |
| Total equity and liabilities | 10/49 | €435,202 | €416,202 | -€19,000 | -4.4% |
| Equity | 10/15 | €21,014 | €24,783 | +€3,769 | +17.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,014 | €22,783 | +€3,769 | +19.8% |
| Amounts payable | 17/49 | €414,188 | €391,419 | -€22,769 | -5.5% |
| Amounts payable after more than one year | 17 | €20,600 | €11,748 | -€8,852 | -43.0% |
| Financial debts | 170/4 | €20,600 | €11,748 | -€8,852 | -43.0% |
| Amounts payable within one year | 42/48 | €324,433 | €379,671 | +€55,238 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €9,072 | €8,852 | -€220 | -2.4% |
| Trade debts | 44 | €259,425 | €322,795 | +€63,371 | +24.4% |
| Suppliers | 440/4 | €259,425 | €322,795 | +€63,371 | +24.4% |
| Taxes, remuneration and social security | 45 | €28,765 | €19,926 | -€8,839 | -30.7% |
| Taxes | 450/3 | €7,610 | €2,389 | -€5,221 | -68.6% |
| Remuneration and social security | 454/9 | €21,155 | €17,538 | -€3,617 | -17.1% |
| Other amounts payable | 47/48 | €27,171 | €28,098 | +€927 | +3.4% |
| Accrued charges and deferred income | 492/3 | €69,155 | - | -€69,155 | |
| Remuneration, social security and pensions | 62 | - | €45,660 | +€45,660 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,403 | €18,906 | +€8,502 | +81.7% |
| Other operating charges | 640/8 | €2,734 | €2,626 | -€107 | -3.9% |
| Gross operating margin | 9900 | €39,981 | €75,363 | +€35,382 | +88.5% |
| Operating profit (loss) | 9901 | €26,845 | €8,171 | -€18,674 | -69.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +333.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +333.3% |
| Financial charges | 65/66B | €2,806 | €2,783 | -€23 | -0.8% |
| Recurring financial charges | 65 | €2,806 | €2,783 | -€23 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €24,039 | €5,389 | -€18,650 | -77.6% |
| Income taxes | 67/77 | €5,025 | €1,620 | -€3,405 | -67.8% |
| Profit (loss) for the period | 9904 | €19,014 | €3,769 | -€15,245 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,014 | €3,769 | -€15,245 | -80.2% |
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.