NOVA FLOW: 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 FLOW
Largest movements
- Receivables within one year -€22,670
down €22,670 (-36.3%), from €62,486 to €39,816
of which Trade receivables: -€18,486
- Cash +€7,623
up €7,623 (+129.0%), from €5,909 to €13,532
mainly Receivables within one year (+€22,670) and Tax, wage and social debts (+€11,049)
- Profit (loss) carried forward -€20,872
down €20,872 (-61.7%), from €33,804 to €12,932
- Tax, wage and social debts +€11,049
up €11,049 (+84.2%), from €13,118 to €24,167
of which Remuneration and social security: +€7,508
- Financial income -€40,222
no longer reported in 2025 (was €40,222)
- Staff costs +€17,324
up €17,324 (+34.6%), from €50,100 to €67,424
- Gross operating margin +€6,714
up €6,714 (+11.3%), from €59,167 to €65,881
- Financial charges +€3,612
up €3,612 (+24.3%), from €14,877 to €18,490
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 | €643,575 | €628,726 | -€14,848 | -2.3% |
| Fixed assets | 21/28 | €575,180 | €575,180 | = | 0.0% |
| Financial fixed assets | 28 | €575,180 | €575,180 | = | 0.0% |
| Current assets | 29/58 | €68,395 | €53,546 | -€14,848 | -21.7% |
| Amounts receivable within one year | 40/41 | €62,486 | €39,816 | -€22,670 | -36.3% |
| Trade receivables | 40 | €18,486 | - | -€18,486 | |
| Other amounts receivable | 41 | €44,000 | €39,816 | -€4,184 | -9.5% |
| Cash at bank and in hand | 54/58 | €5,909 | €13,532 | +€7,623 | +129.0% |
| Deferred charges and accrued income | 490/1 | - | €199 | +€199 | |
| Total equity and liabilities | 10/49 | €643,575 | €628,726 | -€14,848 | -2.3% |
| Equity | 10/15 | €67,410 | €46,538 | -€20,872 | -31.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €31,605 | €31,605 | = | 0.0% |
| Distributable reserves | 133 | €31,605 | €31,605 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,804 | €12,932 | -€20,872 | -61.7% |
| Amounts payable | 17/49 | €576,165 | €582,189 | +€6,024 | +1.0% |
| Amounts payable after more than one year | 17 | €499,184 | €495,074 | -€4,111 | -0.8% |
| Financial debts | 170/4 | €256,984 | €205,513 | -€51,472 | -20.0% |
| Other amounts payable | 178/9 | €242,200 | €289,561 | +€47,361 | +19.6% |
| Amounts payable within one year | 42/48 | €68,019 | €76,044 | +€8,025 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €50,451 | €51,472 | +€1,020 | +2.0% |
| Trade debts | 44 | €1,450 | €405 | -€1,045 | -72.0% |
| Suppliers | 440/4 | €1,450 | €405 | -€1,045 | -72.0% |
| Taxes, remuneration and social security | 45 | €13,118 | €24,167 | +€11,049 | +84.2% |
| Taxes | 450/3 | €12,023 | €15,565 | +€3,542 | +29.5% |
| Remuneration and social security | 454/9 | €1,095 | €8,602 | +€7,508 | +685.9% |
| Other amounts payable | 47/48 | €3,000 | - | -€3,000 | |
| Accrued charges and deferred income | 492/3 | €8,961 | €11,071 | +€2,109 | +23.5% |
| Remuneration, social security and pensions | 62 | €50,100 | €67,424 | +€17,324 | +34.6% |
| Other operating charges | 640/8 | €607 | €840 | +€232 | +38.3% |
| Gross operating margin | 9900 | €59,167 | €65,881 | +€6,714 | +11.3% |
| Operating profit (loss) | 9901 | €8,460 | -€2,383 | -€10,842 | |
| Financial income | 75/76B | €40,222 | - | -€40,222 | |
| Recurring financial income | 75 | €40,222 | - | -€40,222 | |
| Financial charges | 65/66B | €14,877 | €18,490 | +€3,612 | +24.3% |
| Recurring financial charges | 65 | €14,877 | €18,490 | +€3,612 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €33,804 | -€20,872 | -€54,677 | |
| Profit (loss) for the period | 9904 | €33,804 | -€20,872 | -€54,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,804 | -€20,872 | -€54,677 |
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 29 September 2026 via checked.be.