NOVA LAND: 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 LAND
Largest movements
- Stocks and contracts -€735,308
down €735,308 (-67.2%), from €1.1m to €359,480
- Cash +€202,306
up €202,306 (+143%), from €141,927 to €344,233
mainly Stocks and contracts (+€735,308) and Net result for the year (+€124,476)
- Receivables within one year +€25,150
up €25,150 (+168%), from €15,000 to €40,150
- Short-term financial debts -€718,500
down €718,500 (-100%), from €718,500 to €0
- Reserves +€74,550
new in 2025: €74,550
of which Distributable reserves: +€70,822
- Other debts +€66,000
up €66,000 (+19.9%), from €332,150 to €398,150
- Profit (loss) carried forward +€49,926
up €49,926, from -€49,926 to €0
- Accrued charges and deferred income +€20,074
up €20,074, from €0 to €20,074
- Gross operating margin +€108,177
up €108,177 (+256%), from €42,256 to €150,433
- Taxes +€24,850
new in 2025: €24,850
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,251,714 | €743,863 | -€507,851 | -40.6% |
| Current assets | 29/58 | €1,251,714 | €743,863 | -€507,851 | -40.6% |
| Stocks and contracts in progress | 3 | €1,094,788 | €359,480 | -€735,308 | -67.2% |
| Stocks | 30/36 | €1,094,788 | €359,480 | -€735,308 | -67.2% |
| Amounts receivable within one year | 40/41 | €15,000 | €40,150 | +€25,150 | +168% |
| Other amounts receivable | 41 | €15,000 | €40,150 | +€25,150 | +168% |
| Cash at bank and in hand | 54/58 | €141,927 | €344,233 | +€202,306 | +143% |
| Total equity and liabilities | 10/49 | €1,251,714 | €743,863 | -€507,851 | -40.6% |
| Equity | 10/15 | €200,074 | €324,550 | +€124,476 | +62.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | - | €74,550 | +€74,550 | |
| Non-distributable reserves | 130/1 | - | €3,727 | +€3,727 | |
| Legal reserve | 130 | - | €3,727 | +€3,727 | |
| Distributable reserves | 133 | - | €70,822 | +€70,822 | |
| Profit (loss) carried forward | 14 | -€49,926 | €0 | +€49,926 | |
| Amounts payable | 17/49 | €1,051,641 | €419,314 | -€632,327 | -60.1% |
| Amounts payable within one year | 42/48 | €1,051,641 | €399,239 | -€652,402 | -62.0% |
| Financial debts | 43 | €718,500 | €0 | -€718,500 | -100% |
| Credit institutions | 430/8 | €718,500 | €0 | -€718,500 | -100% |
| Trade debts | 44 | €991 | €1,089 | +€98 | +9.9% |
| Suppliers | 440/4 | €991 | €1,089 | +€98 | +9.9% |
| Other amounts payable | 47/48 | €332,150 | €398,150 | +€66,000 | +19.9% |
| Accrued charges and deferred income | 492/3 | €0 | €20,074 | +€20,074 | |
| Other operating charges | 640/8 | €722 | €156 | -€566 | -78.4% |
| Gross operating margin | 9900 | €42,256 | €150,433 | +€108,177 | +256% |
| Operating profit (loss) | 9901 | €41,534 | €150,277 | +€108,743 | +262% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,010 | €951 | -€59 | -5.8% |
| Recurring financial charges | 65 | €1,010 | €951 | -€59 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €40,524 | €149,326 | +€108,802 | +268% |
| Income taxes | 67/77 | - | €24,850 | +€24,850 | |
| Profit (loss) for the period | 9904 | €40,524 | €124,476 | +€83,952 | +207% |
| Profit (loss) for the period to be appropriated | 9905 | €40,524 | €124,476 | +€83,952 | +207% |
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 22 October 2026 via checked.be.