NOVA SCOTIA: 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 SCOTIA
Largest movements
- Tangible fixed assets -€32,638
down €32,638 (-4.2%), from €773,412 to €740,774
- Cash +€13,287
up €13,287 (+237%), from €5,605 to €18,893
mainly Debts after one year (+€38,327) and Depreciation (+€32,638)
- Receivables within one year +€10,365
up €10,365 (+70.4%), from €14,717 to €25,082
- Profit (loss) carried forward -€64,023
down €64,023 (-37.0%), from €173,213 to €109,190
- Debts after one year +€38,327
up €38,327 (+25.0%), from €153,294 to €191,621
- Current portion of long-term debt +€24,643
up €24,643 (+112%), from €21,954 to €46,596
- Taxes +€101,690
up €101,690 (+842%), from €12,078 to €113,769
- Gross operating margin +€3,431
up €3,431 (+4.1%), from €84,603 to €88,034
- Other operating charges -€958
down €958 (-59.1%), from €1,621 to €663
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 | €793,800 | €784,815 | -€8,985 | -1.1% |
| Fixed assets | 21/28 | €773,478 | €740,840 | -€32,638 | -4.2% |
| Tangible fixed assets | 22/27 | €773,412 | €740,774 | -€32,638 | -4.2% |
| Land and buildings | 22 | €773,412 | €740,774 | -€32,638 | -4.2% |
| Financial fixed assets | 28 | €66 | €66 | = | 0.0% |
| Current assets | 29/58 | €20,322 | €43,975 | +€23,653 | +116% |
| Amounts receivable within one year | 40/41 | €14,717 | €25,082 | +€10,365 | +70.4% |
| Other amounts receivable | 41 | €14,717 | €25,082 | +€10,365 | +70.4% |
| Cash at bank and in hand | 54/58 | €5,605 | €18,893 | +€13,287 | +237% |
| Total equity and liabilities | 10/49 | €793,800 | €784,815 | -€8,985 | -1.1% |
| Equity | 10/15 | €568,169 | €504,146 | -€64,023 | -11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €388,757 | €388,757 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €386,897 | €386,897 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,213 | €109,190 | -€64,023 | -37.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €225,631 | €280,669 | +€55,038 | +24.4% |
| Amounts payable after more than one year | 17 | €153,294 | €191,621 | +€38,327 | +25.0% |
| Financial debts | 170/4 | €153,294 | €191,621 | +€38,327 | +25.0% |
| Amounts payable within one year | 42/48 | €72,337 | €89,048 | +€16,710 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €21,954 | €46,596 | +€24,643 | +112% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,290 | €489 | -€2,802 | -85.1% |
| Suppliers | 440/4 | €3,290 | €489 | -€2,802 | -85.1% |
| Taxes, remuneration and social security | 45 | €45,206 | €41,963 | -€3,244 | -7.2% |
| Taxes | 450/3 | €45,206 | €41,963 | -€3,244 | -7.2% |
| Other amounts payable | 47/48 | €1,887 | €0 | -€1,887 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,638 | €32,638 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,621 | €663 | -€958 | -59.1% |
| Gross operating margin | 9900 | €84,603 | €88,034 | +€3,431 | +4.1% |
| Operating profit (loss) | 9901 | €50,344 | €54,733 | +€4,389 | +8.7% |
| Financial charges | 65/66B | €4,680 | €4,988 | +€307 | +6.6% |
| Recurring financial charges | 65 | €4,680 | €4,988 | +€307 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €45,664 | €49,746 | +€4,082 | +8.9% |
| Transfer from deferred taxes | 780 | €46,115 | €0 | -€46,115 | -100% |
| Income taxes | 67/77 | €12,078 | €113,769 | +€101,690 | +842% |
| Profit (loss) for the period | 9904 | €79,701 | -€64,023 | -€143,724 | |
| Transfer from tax-exempt reserves | 789 | €138,346 | €0 | -€138,346 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €218,047 | -€64,023 | -€282,070 |
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 15 October 2026 via checked.be.