NOVA Partners: 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 Partners
Largest movements
- Receivables within one year -€66,146
down €66,146 (-56.9%), from €116,233 to €50,088
of which Other amounts receivable: -€42,461
- Current investments +€52,530
up €52,530 (+66.4%), from €79,163 to €131,693
- Cash +€19,526
up €19,526 (+30.8%), from €63,428 to €82,954
mainly Net result for the year (+€116,352) and Receivables within one year (+€66,146)
- Reserves +€16,352
up €16,352 (+6.6%), from €246,886 to €263,238
of which Distributable reserves: +€16,352
- Other debts -€8,717
down €8,717 (-9.0%), from €96,451 to €87,734
- Gross operating margin +€6,593
up €6,593 (+5.3%), from €124,372 to €130,965
- Taxes +€1,532
up €1,532 (+5.6%), from €27,264 to €28,796
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 | €389,305 | €395,140 | +€5,835 | +1.5% |
| Fixed assets | 21/28 | €130,092 | €130,000 | -€92 | -0.1% |
| Tangible fixed assets | 22/27 | €92 | - | -€92 | |
| Furniture and vehicles | 24 | €92 | - | -€92 | |
| Financial fixed assets | 28 | €130,000 | €130,000 | = | 0.0% |
| Current assets | 29/58 | €259,213 | €265,140 | +€5,927 | +2.3% |
| Amounts receivable within one year | 40/41 | €116,233 | €50,088 | -€66,146 | -56.9% |
| Trade receivables | 40 | €73,114 | €49,430 | -€23,685 | -32.4% |
| Other amounts receivable | 41 | €43,119 | €658 | -€42,461 | -98.5% |
| Current investments | 50/53 | €79,163 | €131,693 | +€52,530 | +66.4% |
| Cash at bank and in hand | 54/58 | €63,428 | €82,954 | +€19,526 | +30.8% |
| Deferred charges and accrued income | 490/1 | €389 | €405 | +€16 | +4.2% |
| Total equity and liabilities | 10/49 | €389,305 | €395,140 | +€5,835 | +1.5% |
| Equity | 10/15 | €265,486 | €281,838 | +€16,352 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €246,886 | €263,238 | +€16,352 | +6.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €245,026 | €261,378 | +€16,352 | +6.7% |
| Amounts payable | 17/49 | €123,819 | €113,302 | -€10,517 | -8.5% |
| Amounts payable within one year | 42/48 | €123,819 | €113,302 | -€10,517 | -8.5% |
| Trade debts | 44 | €2,623 | €1,315 | -€1,308 | -49.9% |
| Suppliers | 440/4 | €2,623 | €1,315 | -€1,308 | -49.9% |
| Taxes, remuneration and social security | 45 | €24,745 | €24,253 | -€492 | -2.0% |
| Taxes | 450/3 | €24,745 | €24,253 | -€492 | -2.0% |
| Other amounts payable | 47/48 | €96,451 | €87,734 | -€8,717 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325 | €92 | -€233 | -71.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €124,372 | €130,965 | +€6,593 | +5.3% |
| Operating profit (loss) | 9901 | €123,659 | €130,473 | +€6,814 | +5.5% |
| Financial income | 75/76B | €14,058 | €15,347 | +€1,289 | +9.2% |
| Recurring financial income | 75 | €14,058 | €15,347 | +€1,289 | +9.2% |
| Financial charges | 65/66B | €821 | €671 | -€150 | -18.2% |
| Recurring financial charges | 65 | €821 | €671 | -€150 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €136,897 | €145,148 | +€8,252 | +6.0% |
| Income taxes | 67/77 | €27,264 | €28,796 | +€1,532 | +5.6% |
| Profit (loss) for the period | 9904 | €109,633 | €116,352 | +€6,719 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €109,633 | €116,352 | +€6,719 | +6.1% |
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 6 October 2026 via checked.be.