NOVA SELECTION: 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 SELECTION
Largest movements
- Cash +€227,882
up €227,882 (+257.1%), from €88,619 to €316,500
mainly Net result for the year (+€176,572) and Trade debts (+€97,368)
- Receivables within one year +€102,030
up €102,030 (+13.0%), from €785,946 to €887,976
of which Trade receivables: +€203,004
- Deferred charges and accrued income +€16,826
up €16,826 (+39.8%), from €42,299 to €59,125
- Profit (loss) carried forward +€176,572
up €176,572 (+27.8%), from €634,434 to €811,007
- Trade debts +€97,368
up €97,368 (+131.5%), from €74,060 to €171,428
- Tax, wage and social debts +€74,479
up €74,479 (+83.7%), from €89,027 to €163,507
of which Remuneration and social security: +€46,404
- Staff costs +€164,591
up €164,591 (+48.2%), from €341,559 to €506,149
- Gross operating margin +€117,028
up €117,028 (+17.8%), from €657,760 to €774,788
- Taxes -€22,240
down €22,240 (-25.0%), from €88,872 to €66,632
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 | €916,864 | €1,265,284 | +€348,420 | +38.0% |
| Fixed assets | 21/28 | - | €1,683 | +€1,683 | |
| Tangible fixed assets | 22/27 | - | €1,683 | +€1,683 | |
| Furniture and vehicles | 24 | - | €1,683 | +€1,683 | |
| Current assets | 29/58 | €916,864 | €1,263,601 | +€346,738 | +37.8% |
| Amounts receivable within one year | 40/41 | €785,946 | €887,976 | +€102,030 | +13.0% |
| Trade receivables | 40 | €211,416 | €414,420 | +€203,004 | +96.0% |
| Other amounts receivable | 41 | €574,530 | €473,556 | -€100,974 | -17.6% |
| Cash at bank and in hand | 54/58 | €88,619 | €316,500 | +€227,882 | +257.1% |
| Deferred charges and accrued income | 490/1 | €42,299 | €59,125 | +€16,826 | +39.8% |
| Total equity and liabilities | 10/49 | €916,864 | €1,265,284 | +€348,420 | +38.0% |
| Equity | 10/15 | €753,776 | €930,349 | +€176,572 | +23.4% |
| Contributions | 10/11 | €60,900 | €60,900 | = | 0.0% |
| Capital | 10 | €60,900 | €60,900 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Uncalled capital | 101 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €58,442 | €58,442 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €52,292 | €52,292 | = | 0.0% |
| Profit (loss) carried forward | 14 | €634,434 | €811,007 | +€176,572 | +27.8% |
| Amounts payable | 17/49 | €163,087 | €334,935 | +€171,848 | +105.4% |
| Amounts payable within one year | 42/48 | €163,087 | €334,935 | +€171,848 | +105.4% |
| Trade debts | 44 | €74,060 | €171,428 | +€97,368 | +131.5% |
| Suppliers | 440/4 | €74,060 | €171,428 | +€97,368 | +131.5% |
| Taxes, remuneration and social security | 45 | €89,027 | €163,507 | +€74,479 | +83.7% |
| Taxes | 450/3 | €45,800 | €73,876 | +€28,076 | +61.3% |
| Remuneration and social security | 454/9 | €43,227 | €89,631 | +€46,404 | +107.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €341,559 | €506,149 | +€164,591 | +48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €46 | +€46 | |
| Other operating charges | 640/8 | €561 | €679 | +€118 | +21.0% |
| Non-recurring operating charges | 66A | - | €38,511 | +€38,511 | |
| Gross operating margin | 9900 | €657,760 | €774,788 | +€117,028 | +17.8% |
| Operating profit (loss) | 9901 | €315,640 | €229,402 | -€86,238 | -27.3% |
| Financial income | 75/76B | €22,267 | €18,340 | -€3,927 | -17.6% |
| Recurring financial income | 75 | €22,267 | €18,340 | -€3,927 | -17.6% |
| Financial charges | 65/66B | €6,309 | €4,537 | -€1,772 | -28.1% |
| Recurring financial charges | 65 | €6,309 | €4,537 | -€1,772 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €331,598 | €243,204 | -€88,393 | -26.7% |
| Income taxes | 67/77 | €88,872 | €66,632 | -€22,240 | -25.0% |
| Profit (loss) for the period | 9904 | €242,725 | €176,572 | -€66,153 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €242,725 | €176,572 | -€66,153 | -27.3% |
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 3 October 2026 via checked.be.