NOVA holding: 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 holding
Largest movements
- Receivables after one year -€60,539
down €60,539 (-100.0%), from €60,539 to €0
- Current portion of long-term debt +€743,245
up €743,245 (+79.6%), from €933,832 to €1.7m
- Debts after one year -€675,244
down €675,244 (-21.2%), from €3.2m to €2.5m
- Reserves -€129,738
down €129,738 (-26.9%), from €482,116 to €352,379
- Financial charges +€58,845
up €58,845 (+109.1%), from €53,938 to €112,783
- Gross operating margin -€1,507
down €1,507 (-7.4%), from €20,493 to €18,986
- Other operating charges -€324
down €324 (-23.0%), from €1,410 to €1,086
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 | €4,712,921 | €4,643,528 | -€69,393 | -1.5% |
| Fixed assets | 21/28 | €4,639,447 | €4,639,447 | = | 0.0% |
| Financial fixed assets | 28 | €4,639,447 | €4,639,447 | = | 0.0% |
| Current assets | 29/58 | €73,474 | €4,081 | -€69,393 | -94.4% |
| Amounts receivable after more than one year | 29 | €60,539 | €0 | -€60,539 | -100.0% |
| Other amounts receivable | 291 | €60,539 | €0 | -€60,539 | -100.0% |
| Amounts receivable within one year | 40/41 | - | €255 | +€255 | |
| Other amounts receivable | 41 | - | €255 | +€255 | |
| Cash at bank and in hand | 54/58 | €12,935 | €3,826 | -€9,109 | -70.4% |
| Total equity and liabilities | 10/49 | €4,712,921 | €4,643,528 | -€69,393 | -1.5% |
| Equity | 10/15 | €547,262 | €452,379 | -€94,883 | -17.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €482,116 | €352,379 | -€129,738 | -26.9% |
| Distributable reserves | 133 | €482,116 | €352,379 | -€129,738 | -26.9% |
| Profit (loss) carried forward | 14 | -€34,855 | €0 | +€34,855 | |
| Amounts payable | 17/49 | €4,165,660 | €4,191,150 | +€25,490 | +0.6% |
| Amounts payable after more than one year | 17 | €3,188,036 | €2,512,792 | -€675,244 | -21.2% |
| Financial debts | 170/4 | €3,188,036 | €2,512,792 | -€675,244 | -21.2% |
| Amounts payable within one year | 42/48 | €945,267 | €1,678,358 | +€733,090 | +77.6% |
| Current portion of amounts payable after more than one year | 42 | €933,832 | €1,677,077 | +€743,245 | +79.6% |
| Trade debts | 44 | €569 | €1,276 | +€707 | +124.2% |
| Suppliers | 440/4 | €569 | €1,276 | +€707 | +124.2% |
| Taxes, remuneration and social security | 45 | €10,861 | €0 | -€10,861 | -100.0% |
| Taxes | 450/3 | €10,861 | €0 | -€10,861 | -100.0% |
| Other amounts payable | 47/48 | €5 | €5 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €32,356 | €0 | -€32,356 | -100.0% |
| Other operating charges | 640/8 | €1,410 | €1,086 | -€324 | -23.0% |
| Gross operating margin | 9900 | €20,493 | €18,986 | -€1,507 | -7.4% |
| Operating profit (loss) | 9901 | €19,083 | €17,900 | -€1,183 | -6.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €53,938 | €112,783 | +€58,845 | +109.1% |
| Recurring financial charges | 65 | €53,938 | €112,783 | +€58,845 | +109.1% |
| Profit (loss) for the period before taxes | 9903 | -€34,855 | -€94,883 | -€60,028 | -172.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€34,855 | -€94,883 | -€60,028 | -172.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,855 | -€94,883 | -€60,028 | -172.2% |
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 8 October 2026 via checked.be.