NovAcec Services: what changed
What changed
NovAcec Services
NACE 33.140, Repair and maintenance of electrical equipment
filed annual accounts (NBB)
Net result for the year
€97,758
2024 · €73,823+€23,935
Equity
€1.2m
2024 · €1.2m+€22,758
Cash
€266,715
2024 · €219,779+€46,935
Balance sheet total
€4.7m
2024 · €4.3m+€464,469
Largest movements
Assets
- Receivables within one year +€539,246
up €539,246 (+27.1%), from €2.0m to €2.5m
of which Trade receivables: +€538,716
- Stocks and contracts -€102,646
down €102,646 (-6.6%), from €1.5m to €1.4m
of which Contracts in progress: -€157,024
Equity and liabilities
- Short-term financial debts +€788,932
up €788,932 (+1,898%), from €41,568 to €830,500
- Advances received -€205,282
down €205,282 (-21.6%), from €950,344 to €745,062
- Current portion of long-term debt -€140,407
down €140,407 (-72.4%), from €194,016 to €53,609
Income statement
- Gross operating margin +€496,401
up €496,401 (+11.8%), from €4.2m to €4.7m
- Staff costs +€365,071
up €365,071 (+9.5%), from €3.8m to €4.2m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€73,823
Gross operating margin
+€496,401
Staff costs
-€365,071
Depreciation
+€6,011
Write-downs
-€29,481
Provisions
-€13,911
Other operating charges
-€1,923
Other operating items
-€39,053
Financial income
-€6,214
Financial charges
-€10,864
Taxes
-€11,960
Result 2025
€97,758
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€429,183
Investment
-€91,881
Financing
+€568,000
Cash 2024
€219,779
From operations (derived)
-€429,183
Net result for the year
+€97,758
Depreciation
+€144,502
Stocks and contracts
+€102,646
Receivables within one year
-€539,246
Deferred charges and accrued income
-€33,554
Provisions
+€33,911
Trade debts
+€10,310
Tax, wage and social debts
-€32,870
Advances received
-€205,282
Other debts
-€7,358
Investment (derived)
-€91,881
Investment in fixed assets (net)
-€91,881
Financing
+€568,000
Debts after one year
-€5,526
Current portion of long-term debt
-€140,407
Short-term financial debts
+€788,932
Contributions, distributions and other
-€75,000
Cash 2025
€266,715
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,274,164 | €4,738,633 | +€464,469 | +10.9% |
| Fixed assets | 21/28 | €400,954 | €348,333 | -€52,620 | -13.1% |
| Intangible fixed assets | 21 | €54,959 | €36,307 | -€18,653 | -33.9% |
| Tangible fixed assets | 22/27 | €299,951 | €265,743 | -€34,208 | -11.4% |
| Plant, machinery and equipment | 23 | €191,923 | €129,713 | -€62,210 | -32.4% |
| Furniture and vehicles | 24 | €89,917 | €69,461 | -€20,457 | -22.8% |
| Leasing and similar rights | 25 | - | €49,435 | +€49,435 | |
| Other tangible fixed assets | 26 | €18,110 | €17,134 | -€977 | -5.4% |
| Financial fixed assets | 28 | €46,044 | €46,284 | +€240 | +0.5% |
| Current assets | 29/58 | €3,873,210 | €4,390,299 | +€517,089 | +13.4% |
| Stocks and contracts in progress | 3 | €1,546,443 | €1,443,797 | -€102,646 | -6.6% |
| Stocks | 30/36 | €914,917 | €969,295 | +€54,378 | +5.9% |
| Contracts in progress | 37 | €631,526 | €474,502 | -€157,024 | -24.9% |
| Amounts receivable within one year | 40/41 | €1,989,165 | €2,528,411 | +€539,246 | +27.1% |
| Trade receivables | 40 | €1,966,212 | €2,504,928 | +€538,716 | +27.4% |
| Other amounts receivable | 41 | €22,953 | €23,483 | +€530 | +2.3% |
| Cash at bank and in hand | 54/58 | €219,779 | €266,715 | +€46,935 | +21.4% |
| Deferred charges and accrued income | 490/1 | €117,823 | €151,377 | +€33,554 | +28.5% |
| Total equity and liabilities | 10/49 | €4,274,164 | €4,738,633 | +€464,469 | +10.9% |
| Equity | 10/15 | €1,178,407 | €1,201,165 | +€22,758 | +1.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €628,407 | €651,165 | +€22,758 | +3.6% |
| Provisions and deferred taxes | 16 | €81,529 | €115,440 | +€33,911 | +41.6% |
| Provisions for liabilities and charges | 160/5 | €81,529 | €115,440 | +€33,911 | +41.6% |
| Other liabilities and charges | 164/5 | €81,529 | €115,440 | +€33,911 | +41.6% |
| Amounts payable | 17/49 | €3,014,228 | €3,422,028 | +€407,800 | +13.5% |
| Amounts payable after more than one year | 17 | €79,865 | €74,339 | -€5,526 | -6.9% |
| Financial debts | 170/4 | €79,865 | €74,339 | -€5,526 | -6.9% |
| Amounts payable within one year | 42/48 | €2,924,759 | €3,338,084 | +€413,326 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €194,016 | €53,609 | -€140,407 | -72.4% |
| Financial debts | 43 | €41,568 | €830,500 | +€788,932 | +1,898% |
| Other loans | 439 | €41,568 | €830,500 | +€788,932 | +1,898% |
| Trade debts | 44 | €828,031 | €838,341 | +€10,310 | +1.2% |
| Suppliers | 440/4 | €828,031 | €838,341 | +€10,310 | +1.2% |
| Advances received on contracts in progress | 46 | €950,344 | €745,062 | -€205,282 | -21.6% |
| Taxes, remuneration and social security | 45 | €760,799 | €727,929 | -€32,870 | -4.3% |
| Taxes | 450/3 | €189,552 | €142,959 | -€46,593 | -24.6% |
| Remuneration and social security | 454/9 | €571,246 | €584,969 | +€13,723 | +2.4% |
| Other amounts payable | 47/48 | €150,000 | €142,643 | -€7,358 | -4.9% |
| Accrued charges and deferred income | 492/3 | €9,605 | €9,605 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €3,842,674 | €4,207,745 | +€365,071 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,513 | €144,502 | -€6,011 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,621 | €36,101 | +€29,481 | +445% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €20,000 | €33,911 | +€13,911 | +69.6% |
| Other operating charges | 640/8 | €1,619 | €3,542 | +€1,923 | +119% |
| Non-recurring operating charges | 66A | - | €39,053 | +€39,053 | |
| Gross operating margin | 9900 | €4,219,914 | €4,716,315 | +€496,401 | +11.8% |
| Operating profit (loss) | 9901 | €198,487 | €251,461 | +€52,973 | +26.7% |
| Financial income | 75/76B | €17,629 | €11,415 | -€6,214 | -35.2% |
| Recurring financial income | 75 | €132 | €1,115 | +€983 | +742% |
| Non-recurring financial income | 76B | €17,496 | €10,300 | -€7,196 | -41.1% |
| Financial charges | 65/66B | €81,990 | €92,855 | +€10,864 | +13.3% |
| Recurring financial charges | 65 | €81,990 | €92,855 | +€10,864 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €134,125 | €170,021 | +€35,895 | +26.8% |
| Income taxes | 67/77 | €60,302 | €72,262 | +€11,960 | +19.8% |
| Profit (loss) for the period | 9904 | €73,823 | €97,758 | +€23,935 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,823 | €97,758 | +€23,935 | +32.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.