NOVA RES: 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 RES
Largest movements
- Tangible fixed assets -€4,768
down €4,768 (-26.4%), from €18,082 to €13,314
- Cash +€3,460
up €3,460 (+7.5%), from €46,170 to €49,630
mainly Depreciation (+€8,411) and Trade debts (+€3,095)
- Receivables within one year -€2,573
down €2,573 (-59.9%), from €4,299 to €1,726
of which Other amounts receivable: -€1,683
- Deferred charges and accrued income -€2,455
no longer reported in 2025 (was €2,455)
- Reserves -€11,086
down €11,086 (-20.0%), from €55,318 to €44,231
- Trade debts +€3,095
up €3,095 (+104.2%), from €2,971 to €6,066
- Accrued charges and deferred income +€1,584
up €1,584 (+765.3%), from €207 to €1,791
- Gross operating margin -€9,275
down €9,275, from €6,787 to -€2,488
- Depreciation +€2,142
up €2,142 (+34.2%), from €6,269 to €8,411
- Other operating charges -€267
down €267 (-59.0%), from €453 to €186
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 | €71,006 | €64,670 | -€6,337 | -8.9% |
| Fixed assets | 21/28 | €18,082 | €13,314 | -€4,768 | -26.4% |
| Tangible fixed assets | 22/27 | €18,082 | €13,314 | -€4,768 | -26.4% |
| Plant, machinery and equipment | 23 | €18,082 | €13,314 | -€4,768 | -26.4% |
| Current assets | 29/58 | €52,924 | €51,356 | -€1,568 | -3.0% |
| Amounts receivable within one year | 40/41 | €4,299 | €1,726 | -€2,573 | -59.9% |
| Trade receivables | 40 | €890 | - | -€890 | |
| Other amounts receivable | 41 | €3,408 | €1,726 | -€1,683 | -49.4% |
| Cash at bank and in hand | 54/58 | €46,170 | €49,630 | +€3,460 | +7.5% |
| Deferred charges and accrued income | 490/1 | €2,455 | - | -€2,455 | |
| Total equity and liabilities | 10/49 | €71,006 | €64,670 | -€6,337 | -8.9% |
| Equity | 10/15 | €67,818 | €56,731 | -€11,086 | -16.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €55,318 | €44,231 | -€11,086 | -20.0% |
| Distributable reserves | 133 | €55,318 | €44,231 | -€11,086 | -20.0% |
| Amounts payable | 17/49 | €3,189 | €7,938 | +€4,750 | +149.0% |
| Amounts payable within one year | 42/48 | €2,982 | €6,147 | +€3,166 | +106.2% |
| Trade debts | 44 | €2,971 | €6,066 | +€3,095 | +104.2% |
| Suppliers | 440/4 | €2,971 | €6,066 | +€3,095 | +104.2% |
| Taxes, remuneration and social security | 45 | €11 | - | -€11 | |
| Taxes | 450/3 | €11 | - | -€11 | |
| Other amounts payable | 47/48 | - | €82 | +€82 | |
| Accrued charges and deferred income | 492/3 | €207 | €1,791 | +€1,584 | +765.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,269 | €8,411 | +€2,142 | +34.2% |
| Other operating charges | 640/8 | €453 | €186 | -€267 | -59.0% |
| Gross operating margin | 9900 | €6,787 | -€2,488 | -€9,275 | |
| Operating profit (loss) | 9901 | €65 | -€11,085 | -€11,150 | |
| Financial income | 75/76B | - | €41 | +€41 | |
| Recurring financial income | 75 | - | €41 | +€41 | |
| Financial charges | 65/66B | €10 | €42 | +€32 | +308.9% |
| Recurring financial charges | 65 | €10 | €42 | +€32 | +308.9% |
| Profit (loss) for the period before taxes | 9903 | €55 | -€11,086 | -€11,141 | |
| Income taxes | 67/77 | €11 | - | -€11 | |
| Profit (loss) for the period | 9904 | €44 | -€11,086 | -€11,130 | |
| Profit (loss) for the period to be appropriated | 9905 | €44 | -€11,086 | -€11,130 |
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 29 September 2026 via checked.be.