NOVACITIS: 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.
What changed
NOVACITIS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€312,809
2024 · -€178,776-€134,034
Equity
€83,676
2024 · €396,185-€312,509
Cash
€62,279
2024 · €163,645-€101,366
Balance sheet total
€4.1m
2024 · €4.2m-€130,492
Largest movements
Assets
- Cash -€101,366
down €101,366 (-61.9%), from €163,645 to €62,279
mainly Net result for the year (-€312,809) and Investment in fixed assets (net) (-€163,317)
Equity and liabilities
- Profit (loss) carried forward -€312,809
down €312,809 (-99.2%), from -€315,415 to -€628,224
- Debts after one year +€219,548
up €219,548 (+6.3%), from €3.5m to €3.7m
Income statement
- Financial charges +€45,986
up €45,986 (+62.9%), from €73,147 to €119,133
of which Financial charges: +€43,232
- Depreciation +€36,278
up €36,278 (+22.5%), from €161,066 to €197,344
- Gross operating margin -€31,457
down €31,457 (-16.9%), from €186,443 to €154,986
- Staff costs +€11,154
up €11,154 (+10.5%), from €105,951 to €117,105
- Other operating charges +€8,945
up €8,945 (+35.7%), from €25,089 to €34,034
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.
Result 2024
-€178,776
Gross operating margin
-€31,457
Staff costs
-€11,154
Depreciation
-€36,278
Write-downs
-€700
Other operating charges
-€8,945
Financial income
+€478
Financial charges
-€45,986
Taxes
+€9
Result 2025
-€312,809
raises the resultlowers the result
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.
From operations
-€169,619
Investment
-€163,317
Financing
+€231,570
Cash 2024
€163,645
From operations (derived)
-€169,619
Net result for the year
-€312,809
Depreciation
+€197,344
Receivables within one year
-€799
Deferred charges and accrued income
-€4,102
Provisions
-€10,897
Trade debts
-€25,625
Tax, wage and social debts
+€2,934
Other debts
-€3,023
Accrued charges and deferred income
-€12,641
Investment (derived)
-€163,317
Investment in fixed assets (net)
-€163,317
Financing
+€231,570
Debts after one year
+€219,548
Current portion of long-term debt
+€11,722
Contributions, distributions and other
+€300
Cash 2025
€62,279
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,218,984 | €4,088,492 | -€130,492 | -3.1% |
| Fixed assets | 21/28 | €4,032,886 | €3,998,860 | -€34,027 | -0.8% |
| Intangible fixed assets | 21 | €598,622 | €573,849 | -€24,773 | -4.1% |
| Tangible fixed assets | 22/27 | €3,420,884 | €3,416,631 | -€4,253 | -0.1% |
| Land and buildings | 22 | €3,336,148 | €3,357,212 | +€21,064 | +0.6% |
| Furniture and vehicles | 24 | €84,736 | €59,419 | -€25,318 | -29.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €13,380 | €8,380 | -€5,000 | -37.4% |
| Current assets | 29/58 | €186,098 | €89,632 | -€96,465 | -51.8% |
| Amounts receivable within one year | 40/41 | €19,043 | €19,842 | +€799 | +4.2% |
| Trade receivables | 40 | €18,999 | €18,366 | -€634 | -3.3% |
| Other amounts receivable | 41 | €44 | €1,476 | +€1,432 | +3,266% |
| Cash at bank and in hand | 54/58 | €163,645 | €62,279 | -€101,366 | -61.9% |
| Deferred charges and accrued income | 490/1 | €3,409 | €7,511 | +€4,102 | +120% |
| Total equity and liabilities | 10/49 | €4,218,984 | €4,088,492 | -€130,492 | -3.1% |
| Equity | 10/15 | €396,185 | €83,676 | -€312,509 | -78.9% |
| Contributions | 10/11 | €711,600 | €711,900 | +€300 | 0.0% |
| Profit (loss) carried forward | 14 | -€315,415 | -€628,224 | -€312,809 | -99.2% |
| Provisions and deferred taxes | 16 | €10,897 | €0 | -€10,897 | -100% |
| Provisions for liabilities and charges | 160/5 | €10,897 | €0 | -€10,897 | -100% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €10,897 | €0 | -€10,897 | -100% |
| Amounts payable | 17/49 | €3,811,902 | €4,004,816 | +€192,914 | +5.1% |
| Amounts payable after more than one year | 17 | €3,467,315 | €3,686,863 | +€219,548 | +6.3% |
| Financial debts | 170/4 | €3,467,315 | €3,686,863 | +€219,548 | +6.3% |
| Amounts payable within one year | 42/48 | €325,056 | €311,063 | -€13,993 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €108,248 | €119,970 | +€11,722 | +10.8% |
| Trade debts | 44 | €192,694 | €167,069 | -€25,625 | -13.3% |
| Suppliers | 440/4 | €192,694 | €167,069 | -€25,625 | -13.3% |
| Taxes, remuneration and social security | 45 | €21,091 | €24,025 | +€2,934 | +13.9% |
| Taxes | 450/3 | €8,912 | €7,143 | -€1,769 | -19.8% |
| Remuneration and social security | 454/9 | €12,179 | €16,882 | +€4,703 | +38.6% |
| Other amounts payable | 47/48 | €3,023 | €0 | -€3,023 | -100% |
| Accrued charges and deferred income | 492/3 | €19,531 | €6,890 | -€12,641 | -64.7% |
| Non-recurring operating income | 76A | €36,678 | €0 | -€36,678 | -100% |
| Remuneration, social security and pensions | 62 | €105,951 | €117,105 | +€11,154 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,066 | €197,344 | +€36,278 | +22.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €700 | +€700 | |
| Other operating charges | 640/8 | €25,089 | €34,034 | +€8,945 | +35.7% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Gross operating margin | 9900 | €186,443 | €154,986 | -€31,457 | -16.9% |
| Operating profit (loss) | 9901 | -€105,662 | -€194,197 | -€88,534 | -83.8% |
| Financial income | 75/76B | €43 | €520 | +€478 | +1,121% |
| Recurring financial income | 75 | €43 | €520 | +€478 | +1,121% |
| Financial charges | 65/66B | €73,147 | €119,133 | +€45,986 | +62.9% |
| Recurring financial charges | 65 | €73,147 | €116,379 | +€43,232 | +59.1% |
| Non-recurring financial charges | 66B | - | €2,754 | +€2,754 | |
| Profit (loss) for the period before taxes | 9903 | -€178,766 | -€312,809 | -€134,043 | -75.0% |
| Income taxes | 67/77 | €9 | €0 | -€9 | -100% |
| Profit (loss) for the period | 9904 | -€178,776 | -€312,809 | -€134,034 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€178,776 | -€312,809 | -€134,034 | -75.0% |
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.