NOVA ZEMBLA: 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 ZEMBLA
Largest movements
- Cash -€19,663
down €19,663 (-79.6%), from €24,696 to €5,033
mainly Other debts (-€37,765) and Accrued charges and deferred income (-€2,284)
- Tangible fixed assets -€9,124
down €9,124 (-4.9%), from €185,875 to €176,751
- Receivables within one year -€4,781
down €4,781 (-9.2%), from €52,051 to €47,271
- Other debts -€37,765
no longer reported in 2025 (was €37,765)
- Reserves +€7,854
up €7,854 (+43.2%), from €18,170 to €26,024
- Gross operating margin +€11,321
up €11,321 (+73.5%), from €15,412 to €26,734
- Taxes +€2,581
new in 2025: €2,581
- Other operating charges -€655
down €655 (-13.3%), from €4,936 to €4,281
- Depreciation +€281
up €281 (+3.0%), from €9,430 to €9,711
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 | €262,622 | €229,054 | -€33,568 | -12.8% |
| Fixed assets | 21/28 | €185,875 | €176,751 | -€9,124 | -4.9% |
| Tangible fixed assets | 22/27 | €185,875 | €176,751 | -€9,124 | -4.9% |
| Land and buildings | 22 | €185,875 | €176,751 | -€9,124 | -4.9% |
| Current assets | 29/58 | €76,747 | €52,304 | -€24,444 | -31.8% |
| Amounts receivable within one year | 40/41 | €52,051 | €47,271 | -€4,781 | -9.2% |
| Other amounts receivable | 41 | €52,051 | €47,271 | -€4,781 | -9.2% |
| Cash at bank and in hand | 54/58 | €24,696 | €5,033 | -€19,663 | -79.6% |
| Total equity and liabilities | 10/49 | €262,622 | €229,054 | -€33,568 | -12.8% |
| Equity | 10/15 | €217,642 | €225,496 | +€7,854 | +3.6% |
| Contributions | 10/11 | €199,472 | €199,472 | = | 0.0% |
| Reserves | 13 | €18,170 | €26,024 | +€7,854 | +43.2% |
| Distributable reserves | 133 | €18,170 | €26,024 | +€7,854 | +43.2% |
| Amounts payable | 17/49 | €44,980 | €3,558 | -€41,422 | -92.1% |
| Amounts payable within one year | 42/48 | €39,856 | €717 | -€39,138 | -98.2% |
| Trade debts | 44 | €2,090 | €136 | -€1,954 | -93.5% |
| Suppliers | 440/4 | €2,090 | €136 | -€1,954 | -93.5% |
| Taxes, remuneration and social security | 45 | - | €581 | +€581 | |
| Taxes | 450/3 | - | €581 | +€581 | |
| Other amounts payable | 47/48 | €37,765 | - | -€37,765 | |
| Accrued charges and deferred income | 492/3 | €5,125 | €2,841 | -€2,284 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,430 | €9,711 | +€281 | +3.0% |
| Other operating charges | 640/8 | €4,936 | €4,281 | -€655 | -13.3% |
| Gross operating margin | 9900 | €15,412 | €26,734 | +€11,321 | +73.5% |
| Operating profit (loss) | 9901 | €1,046 | €12,742 | +€11,695 | +1117.6% |
| Financial income | 75/76B | €482 | €743 | +€261 | +54.1% |
| Recurring financial income | 75 | €482 | €743 | +€261 | +54.1% |
| Financial charges | 65/66B | €3,132 | €3,049 | -€83 | -2.6% |
| Recurring financial charges | 65 | €3,132 | €3,049 | -€83 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,604 | €10,435 | +€12,039 | |
| Income taxes | 67/77 | - | €2,581 | +€2,581 | |
| Profit (loss) for the period | 9904 | -€1,604 | €7,854 | +€9,458 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,604 | €7,854 | +€9,458 |
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.