NOVA Engineering: 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.
What changed
NOVA Engineering
NACE 78.200, Temporary employment agencies and other provision of personnel
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · -€1.0m+€3.2m
Equity
€1.9m
2024 · -€3.3m+€5.2m
Cash
€339,525
2024 · €634,057-€294,532
Balance sheet total
€50.3m
2024 · €48.8m+€1.5m
Largest movements
Assets
- Receivables within one year +€1.7m
up €1.7m (+127%), from €1.3m to €3.0m
of which Other amounts receivable: +€2.2m
Equity and liabilities
- Contributions +€3.0m
up €3.0m (+357%), from €841,235 to €3.8m
of which Capital: +€3.0m
- Debts after one year -€2.6m
down €2.6m (-5.6%), from €47.0m to €44.4m
- Profit (loss) carried forward +€2.2m
up €2.2m (+53.6%), from -€4.1m to -€1.9m
Income statement
- Financial income +€3.0m
up €3.0m (+28,331%), from €10,574 to €3.0m
- Staff costs -€527,616
down €527,616 (-18.9%), from €2.8m to €2.3m
- Turnover -€468,691
down €468,691 (-8.8%), from €5.3m to €4.9m
- Financial charges -€411,844
down €411,844 (-23.2%), from €1.8m to €1.4m
- Other operating income -€210,082
down €210,082 (-37.0%), from €568,149 to €358,067
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.
Result 2024
-€1.0m
Turnover
-€468,691
Other operating income
-€210,082
Services and other goods
-€49,014
Staff costs
+€527,616
Depreciation
-€6,814
Other operating charges
-€124
Other operating items
+€16,134
Financial income
+€3.0m
Financial charges
+€411,844
Taxes
+€1,631
Result 2025
€2.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€315
Investment
-€160,603
Financing
-€133,614
Cash 2024
€634,057
From operations (derived)
-€315
Net result for the year
+€2.2m
Depreciation
+€13,356
Receivables within one year
-€1.7m
Deferred charges and accrued income
-€2,490
Trade debts
-€132,033
Tax, wage and social debts
-€50,752
Other debts
-€337,608
Accrued charges and deferred income
-€22,571
Investment (derived)
-€160,603
Investment in fixed assets (net)
-€160,603
Financing
-€133,614
Debts after one year
-€2.6m
Current portion of long-term debt
-€282,162
Short-term financial debts
-€217,046
Contributions, distributions and other
+€3.0m
Cash 2025
€339,525
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,804,735 | €50,340,880 | +€1.5m | +3.1% |
| Fixed assets | 21/28 | €46,834,091 | €46,981,338 | +€147,247 | +0.3% |
| Intangible fixed assets | 21 | €14,284 | €22,614 | +€8,330 | +58.3% |
| Tangible fixed assets | 22/27 | €17,997 | €11,913 | -€6,083 | -33.8% |
| Furniture and vehicles | 24 | €17,997 | €11,913 | -€6,083 | -33.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €46,801,810 | €46,946,810 | +€145,000 | +0.3% |
| Affiliated companies | 280/1 | €46,801,810 | €46,946,810 | +€145,000 | +0.3% |
| Participating interests | 280 | €46,801,810 | €46,946,810 | +€145,000 | +0.3% |
| Current assets | 29/58 | €1,970,644 | €3,359,542 | +€1.4m | +70.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,324,719 | €3,005,661 | +€1.7m | +127% |
| Trade receivables | 40 | €1,324,719 | €823,181 | -€501,538 | -37.9% |
| Other amounts receivable | 41 | €0 | €2,182,480 | +€2.2m | |
| Cash at bank and in hand | 54/58 | €634,057 | €339,525 | -€294,532 | -46.5% |
| Deferred charges and accrued income | 490/1 | €11,868 | €14,357 | +€2,490 | +21.0% |
| Total equity and liabilities | 10/49 | €48,804,735 | €50,340,880 | +€1.5m | +3.1% |
| Equity | 10/15 | -€3,275,641 | €1,937,083 | +€5.2m | |
| Contributions | 10/11 | €841,235 | €3,841,235 | +€3.0m | +357% |
| Capital | 10 | €841,235 | €3,841,235 | +€3.0m | +357% |
| Issued capital | 100 | €841,235 | €3,841,235 | +€3.0m | +357% |
| Contributions outside capital | 11 | €0 | - | = | |
| Share premium | 1100/10 | €0 | - | = | |
| Reserves | 13 | €13,800 | €13,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,800 | €13,800 | = | 0.0% |
| Legal reserve | 130 | €13,800 | €13,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,130,676 | -€1,917,952 | +€2.2m | +53.6% |
| Amounts payable | 17/49 | €52,080,376 | €48,403,797 | -€3.7m | -7.1% |
| Amounts payable after more than one year | 17 | €47,003,776 | €44,369,370 | -€2.6m | -5.6% |
| Financial debts | 170/4 | €47,003,776 | €44,369,370 | -€2.6m | -5.6% |
| Subordinated loans | 170 | €33,883,884 | €34,319,370 | +€435,486 | +1.3% |
| Credit institutions | 173 | €13,119,892 | €10,050,000 | -€3.1m | -23.4% |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,688,919 | €3,669,318 | -€1.0m | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €1,382,162 | €1,100,000 | -€282,162 | -20.4% |
| Financial debts | 43 | €381,164 | €164,118 | -€217,046 | -56.9% |
| Credit institutions | 430/8 | €381,164 | €164,118 | -€217,046 | -56.9% |
| Trade debts | 44 | €596,123 | €464,090 | -€132,033 | -22.1% |
| Suppliers | 440/4 | €596,123 | €464,090 | -€132,033 | -22.1% |
| Taxes, remuneration and social security | 45 | €509,677 | €458,924 | -€50,752 | -10.0% |
| Taxes | 450/3 | €163,228 | €119,460 | -€43,768 | -26.8% |
| Remuneration and social security | 454/9 | €346,448 | €339,464 | -€6,984 | -2.0% |
| Other amounts payable | 47/48 | €1,819,793 | €1,482,186 | -€337,608 | -18.6% |
| Accrued charges and deferred income | 492/3 | €387,680 | €365,109 | -€22,571 | -5.8% |
| Operating income | 70/76A | €6,403,651 | €5,731,761 | -€671,890 | -10.5% |
| Turnover | 70 | €5,349,753 | €4,881,063 | -€468,691 | -8.8% |
| Other operating income | 74 | €568,149 | €358,067 | -€210,082 | -37.0% |
| Non-recurring operating income | 76A | €485,748 | €492,631 | +€6,883 | +1.4% |
| Operating charges | 60/66A | €5,633,580 | €5,152,664 | -€480,916 | -8.5% |
| Services and other goods | 61 | €2,795,233 | €2,844,247 | +€49,014 | +1.8% |
| Remuneration, social security and pensions | 62 | €2,797,889 | €2,270,273 | -€527,616 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,542 | €13,356 | +€6,814 | +104% |
| Other operating charges | 640/8 | €2,399 | €2,523 | +€124 | +5.2% |
| Non-recurring operating charges | 66A | €31,517 | €22,265 | -€9,252 | -29.4% |
| Operating profit (loss) | 9901 | €770,070 | €579,097 | -€190,974 | -24.8% |
| Financial income | 75/76B | €10,574 | €3,006,203 | +€3.0m | +28,331% |
| Recurring financial income | 75 | €10,574 | €3,006,203 | +€3.0m | +28,331% |
| Income from financial fixed assets | 750 | - | €3,000,000 | +€3.0m | |
| Income from current assets | 751 | €10,574 | €6,202 | -€4,371 | -41.3% |
| Other financial income | 752/9 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,776,989 | €1,365,145 | -€411,844 | -23.2% |
| Recurring financial charges | 65 | €1,776,989 | €1,365,145 | -€411,844 | -23.2% |
| Debt charges | 650 | €1,725,736 | €1,328,328 | -€397,407 | -23.0% |
| Other financial charges | 652/9 | €51,253 | €36,816 | -€14,437 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€996,344 | €2,220,155 | +€3.2m | |
| Income taxes | 67/77 | €9,061 | €7,431 | -€1,631 | -18.0% |
| Taxes | 670/3 | €9,061 | €7,431 | -€1,631 | -18.0% |
| Profit (loss) for the period | 9904 | -€1,005,406 | €2,212,724 | +€3.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,005,406 | €2,212,724 | +€3.2m |
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 17 October 2026 via checked.be.