NOVA MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€35,000
up €35,000 (+14.0%), from €250,000 to €285,000
- Cash -€22,305
down €22,305 (-72.3%), from €30,850 to €8,545
mainly Debts after one year (-€360,508) and Receivables within one year (-€35,000)
- Debts after one year -€360,508
no longer reported in 2025 (was €360,508)
- Tax, wage and social debts +€164,544
new in 2025: €164,544
- Other debts +€144,099
up €144,099 (+5,815%), from €2,478 to €146,577
- Profit (loss) carried forward +€65,323
up €65,323 (+45.1%), from -€144,849 to -€79,526
- Taxes +€111,875
up €111,875, from -€926 to €110,949
- Gross operating margin -€61,655
down €61,655 (-25.4%), from €243,111 to €181,456
- Other operating charges -€8,937
down €8,937 (-91.9%), from €9,726 to €789
- Financial charges +€4,332
up €4,332 (+6,860%), from €63 to €4,395
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 | €280,900 | €293,595 | +€12,695 | +4.5% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €280,850 | €293,545 | +€12,695 | +4.5% |
| Amounts receivable within one year | 40/41 | €250,000 | €285,000 | +€35,000 | +14.0% |
| Trade receivables | 40 | €250,000 | €285,000 | +€35,000 | +14.0% |
| Cash at bank and in hand | 54/58 | €30,850 | €8,545 | -€22,305 | -72.3% |
| Total equity and liabilities | 10/49 | €280,900 | €293,595 | +€12,695 | +4.5% |
| Equity | 10/15 | -€82,849 | -€17,526 | +€65,323 | +78.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,849 | -€79,526 | +€65,323 | +45.1% |
| Amounts payable | 17/49 | €363,749 | €311,121 | -€52,628 | -14.5% |
| Amounts payable after more than one year | 17 | €360,508 | - | -€360,508 | |
| Financial debts | 170/4 | €360,508 | - | -€360,508 | |
| Amounts payable within one year | 42/48 | €3,241 | €311,121 | +€307,880 | +9,500% |
| Trade debts | 44 | €763 | - | -€763 | |
| Suppliers | 440/4 | €763 | - | -€763 | |
| Taxes, remuneration and social security | 45 | - | €164,544 | +€164,544 | |
| Taxes | 450/3 | - | €164,544 | +€164,544 | |
| Other amounts payable | 47/48 | €2,478 | €146,577 | +€144,099 | +5,815% |
| Other operating charges | 640/8 | €9,726 | €789 | -€8,937 | -91.9% |
| Gross operating margin | 9900 | €243,111 | €181,456 | -€61,655 | -25.4% |
| Operating profit (loss) | 9901 | €233,385 | €180,667 | -€52,718 | -22.6% |
| Financial charges | 65/66B | €63 | €4,395 | +€4,332 | +6,860% |
| Recurring financial charges | 65 | €63 | €4,395 | +€4,332 | +6,860% |
| Profit (loss) for the period before taxes | 9903 | €233,322 | €176,272 | -€57,051 | -24.5% |
| Income taxes | 67/77 | -€926 | €110,949 | +€111,875 | |
| Profit (loss) for the period | 9904 | €234,248 | €65,323 | -€168,926 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €234,248 | €65,323 | -€168,926 | -72.1% |
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 16 October 2026 via checked.be.