NOVA CAPITAL: 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 CAPITAL
Largest movements
- Cash -€32,476
down €32,476 (-38.6%), from €84,176 to €51,700
mainly Other debts (-€92,838) and Investment in fixed assets (net) (-€6,208)
- Intangible fixed assets -€16,700
down €16,700 (-13.7%), from €122,299 to €105,599
- Other debts -€92,838
no longer reported in 2025 (was €92,838)
- Reserves +€38,406
up €38,406 (+38.8%), from €98,991 to €137,397
- Tax, wage and social debts +€9,251
up €9,251 (+24.7%), from €37,440 to €46,691
of which Remuneration and social security: +€14,142
- Trade debts -€2,719
down €2,719 (-12.0%), from €22,597 to €19,878
- Staff costs +€19,817
up €19,817 (+20.5%), from €96,619 to €116,436
- Gross operating margin +€7,499
up €7,499 (+4.1%), from €184,463 to €191,962
- Other operating charges -€2,225
down €2,225 (-65.1%), from €3,418 to €1,193
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 | €271,866 | €223,966 | -€47,900 | -17.6% |
| Fixed assets | 21/28 | €139,580 | €125,212 | -€14,368 | -10.3% |
| Intangible fixed assets | 21 | €122,299 | €105,599 | -€16,700 | -13.7% |
| Tangible fixed assets | 22/27 | €9,095 | €11,427 | +€2,332 | +25.6% |
| Plant, machinery and equipment | 23 | €9,095 | €11,427 | +€2,332 | +25.6% |
| Financial fixed assets | 28 | €8,186 | €8,186 | = | 0.0% |
| Current assets | 29/58 | €132,286 | €98,755 | -€33,531 | -25.3% |
| Stocks and contracts in progress | 3 | €2,729 | €2,500 | -€229 | -8.4% |
| Stocks | 30/36 | €2,729 | €2,500 | -€229 | -8.4% |
| Amounts receivable within one year | 40/41 | €35,061 | €36,230 | +€1,169 | +3.3% |
| Trade receivables | 40 | €4,737 | €4,975 | +€239 | +5.0% |
| Other amounts receivable | 41 | €30,324 | €31,255 | +€931 | +3.1% |
| Cash at bank and in hand | 54/58 | €84,176 | €51,700 | -€32,476 | -38.6% |
| Deferred charges and accrued income | 490/1 | €10,321 | €8,324 | -€1,996 | -19.3% |
| Total equity and liabilities | 10/49 | €271,866 | €223,966 | -€47,900 | -17.6% |
| Equity | 10/15 | €118,991 | €157,397 | +€38,406 | +32.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €98,991 | €137,397 | +€38,406 | +38.8% |
| Distributable reserves | 133 | €98,991 | €137,397 | +€38,406 | +38.8% |
| Amounts payable | 17/49 | €152,875 | €66,569 | -€86,306 | -56.5% |
| Amounts payable within one year | 42/48 | €152,875 | €66,569 | -€86,306 | -56.5% |
| Trade debts | 44 | €22,597 | €19,878 | -€2,719 | -12.0% |
| Suppliers | 440/4 | €22,597 | €19,878 | -€2,719 | -12.0% |
| Taxes, remuneration and social security | 45 | €37,440 | €46,691 | +€9,251 | +24.7% |
| Taxes | 450/3 | €17,700 | €12,809 | -€4,891 | -27.6% |
| Remuneration and social security | 454/9 | €19,740 | €33,882 | +€14,142 | +71.6% |
| Other amounts payable | 47/48 | €92,838 | - | -€92,838 | |
| Remuneration, social security and pensions | 62 | €96,619 | €116,436 | +€19,817 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,816 | €20,576 | +€759 | +3.8% |
| Other operating charges | 640/8 | €3,418 | €1,193 | -€2,225 | -65.1% |
| Gross operating margin | 9900 | €184,463 | €191,962 | +€7,499 | +4.1% |
| Operating profit (loss) | 9901 | €64,609 | €53,757 | -€10,853 | -16.8% |
| Financial income | 75/76B | €0 | €10 | +€10 | +3025.0% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +3025.0% |
| Financial charges | 65/66B | €2,482 | €2,422 | -€60 | -2.4% |
| Recurring financial charges | 65 | €2,482 | €2,422 | -€60 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €62,128 | €51,344 | -€10,783 | -17.4% |
| Income taxes | 67/77 | €12,718 | €12,938 | +€220 | +1.7% |
| Profit (loss) for the period | 9904 | €49,410 | €38,406 | -€11,003 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,410 | €38,406 | -€11,003 | -22.3% |
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 12 October 2026 via checked.be.