NOVA INVEST: what changed
What changed
NOVA INVEST
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€545,869
2024 · -€491,681-€54,188
Equity
€5.6m
2024 · €6.1m-€545,869
Cash
€5,986
2024 · €213,350-€207,364
Balance sheet total
€31.4m
2024 · €30.6m+€723,387
Largest movements
Assets
- Tangible fixed assets +€1.4m
up €1.4m (+5.5%), from €24.6m to €25.9m
of which Land and buildings: +€1.6m
- Receivables within one year -€428,502
down €428,502 (-11.6%), from €3.7m to €3.3m
of which Trade receivables: -€1.2m
Equity and liabilities
- Debts after one year -€3.7m
down €3.7m (-31.9%), from €11.7m to €8.0m
- Short-term financial debts +€3.2m
up €3.2m (+64.9%), from €4.9m to €8.1m
- Current portion of long-term debt +€1.1m
up €1.1m (+51.1%), from €2.1m to €3.2m
- Trade debts +€705,469
up €705,469 (+2,556%), from €27,598 to €733,067
- Profit (loss) carried forward -€545,869
down €545,869 (-87.7%), from -€622,138 to -€1.2m
Income statement
- Gross operating margin +€444,092
up €444,092 (+65.5%), from €677,837 to €1.1m
- Financial charges +€290,275
up €290,275 (+49.4%), from €587,297 to €877,572
- Depreciation +€188,585
up €188,585 (+34.9%), from €541,089 to €729,674
- Other operating charges +€39,096
up €39,096 (+95.1%), from €41,132 to €80,228
- Financial income +€19,676
new in 2025: €19,676
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€491,681
Gross operating margin
+€444,092
Depreciation
-€188,585
Other operating charges
-€39,096
Financial income
+€19,676
Financial charges
-€290,275
Result 2025
-€545,869
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.3m
Investment
-€2.1m
Financing
+€533,704
Cash 2024
€213,350
From operations (derived)
+€1.3m
Net result for the year
-€545,869
Depreciation
+€729,674
Receivables within one year
+€428,502
Deferred charges and accrued income
+€1,088
Trade debts
+€705,469
Advances received
+€10,497
Other debts
+€219,500
Accrued charges and deferred income
-€199,914
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€2.1m
Financing
+€533,704
Debts after one year
-€3.7m
Current portion of long-term debt
+€1.1m
Short-term financial debts
+€3.2m
Cash 2025
€5,986
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,628,440 | €31,351,827 | +€723,387 | +2.4% |
| Fixed assets | 21/28 | €26,708,896 | €28,069,237 | +€1.4m | +5.1% |
| Tangible fixed assets | 22/27 | €24,558,896 | €25,919,237 | +€1.4m | +5.5% |
| Land and buildings | 22 | €15,154,399 | €16,786,524 | +€1.6m | +10.8% |
| Furniture and vehicles | 24 | €41,340 | €32,035 | -€9,305 | -22.5% |
| Leasing and similar rights | 25 | €9,181,625 | €8,828,703 | -€352,921 | -3.8% |
| Other tangible fixed assets | 26 | €181,532 | €271,975 | +€90,443 | +49.8% |
| Financial fixed assets | 28 | €2,150,000 | €2,150,000 | = | 0.0% |
| Current assets | 29/58 | €3,919,544 | €3,282,591 | -€636,954 | -16.3% |
| Amounts receivable within one year | 40/41 | €3,696,015 | €3,267,513 | -€428,502 | -11.6% |
| Trade receivables | 40 | €2,051,524 | €822,677 | -€1.2m | -59.9% |
| Other amounts receivable | 41 | €1,644,490 | €2,444,836 | +€800,345 | +48.7% |
| Cash at bank and in hand | 54/58 | €213,350 | €5,986 | -€207,364 | -97.2% |
| Deferred charges and accrued income | 490/1 | €10,180 | €9,092 | -€1,088 | -10.7% |
| Total equity and liabilities | 10/49 | €30,628,440 | €31,351,827 | +€723,387 | +2.4% |
| Equity | 10/15 | €6,138,920 | €5,593,051 | -€545,869 | -8.9% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,600,000 | €6,600,000 | = | 0.0% |
| Reserves | 13 | €71,058 | €71,058 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €62,058 | €62,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€622,138 | -€1,168,007 | -€545,869 | -87.7% |
| Amounts payable | 17/49 | €24,489,521 | €25,758,776 | +€1.3m | +5.2% |
| Amounts payable after more than one year | 17 | €11,687,054 | €7,954,001 | -€3.7m | -31.9% |
| Financial debts | 170/4 | €11,687,054 | €7,954,001 | -€3.7m | -31.9% |
| Amounts payable within one year | 42/48 | €7,712,531 | €12,914,753 | +€5.2m | +67.5% |
| Current portion of amounts payable after more than one year | 42 | €2,128,542 | €3,216,583 | +€1.1m | +51.1% |
| Financial debts | 43 | €4,894,406 | €8,073,122 | +€3.2m | +64.9% |
| Other loans | 439 | €4,894,406 | €8,073,122 | +€3.2m | +64.9% |
| Trade debts | 44 | €27,598 | €733,067 | +€705,469 | +2,556% |
| Suppliers | 440/4 | €27,598 | €733,067 | +€705,469 | +2,556% |
| Advances received on contracts in progress | 46 | €111,824 | €122,320 | +€10,497 | +9.4% |
| Other amounts payable | 47/48 | €550,162 | €769,662 | +€219,500 | +39.9% |
| Accrued charges and deferred income | 492/3 | €5,089,936 | €4,890,022 | -€199,914 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €541,089 | €729,674 | +€188,585 | +34.9% |
| Other operating charges | 640/8 | €41,132 | €80,228 | +€39,096 | +95.1% |
| Gross operating margin | 9900 | €677,837 | €1,121,929 | +€444,092 | +65.5% |
| Operating profit (loss) | 9901 | €95,617 | €312,028 | +€216,411 | +226% |
| Financial income | 75/76B | - | €19,676 | +€19,676 | |
| Recurring financial income | 75 | - | €19,676 | +€19,676 | |
| Financial charges | 65/66B | €587,297 | €877,572 | +€290,275 | +49.4% |
| Recurring financial charges | 65 | €587,297 | €877,572 | +€290,275 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | -€491,681 | -€545,869 | -€54,188 | -11.0% |
| Profit (loss) for the period | 9904 | -€491,681 | -€545,869 | -€54,188 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€491,681 | -€545,869 | -€54,188 | -11.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.