NOVACODE: 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.
NOVACODE
Largest movements
- Receivables within one year +€16,699
up €16,699 (+101.0%), from €16,529 to €33,228
of which Trade receivables: +€16,688
- Deferred charges and accrued income +€11,260
up €11,260 (+3066.7%), from €367 to €11,627
- Cash +€10,781
up €10,781 (+7.7%), from €139,984 to €150,764
mainly Net result for the year (+€25,695) and Depreciation (+€7,224)
- Tangible fixed assets -€4,714
down €4,714 (-19.2%), from €24,563 to €19,849
of which Furniture and vehicles: -€7,101
- Profit (loss) carried forward +€25,695
up €25,695 (+17.2%), from €149,716 to €175,411
- Other debts +€5,022
up €5,022 (+93.3%), from €5,384 to €10,406
- Tax, wage and social debts +€4,745
up €4,745 (+140.6%), from €3,374 to €8,119
of which Taxes: +€4,745
- Gross operating margin -€43,985
down €43,985 (-51.4%), from €85,561 to €41,576
- Taxes -€8,389
down €8,389 (-53.0%), from €15,830 to €7,442
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 | €181,493 | €215,519 | +€34,026 | +18.7% |
| Fixed assets | 21/28 | €24,613 | €19,899 | -€4,714 | -19.2% |
| Tangible fixed assets | 22/27 | €24,563 | €19,849 | -€4,714 | -19.2% |
| Furniture and vehicles | 24 | €24,563 | €17,462 | -€7,101 | -28.9% |
| Other tangible fixed assets | 26 | - | €2,387 | +€2,387 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €156,879 | €195,619 | +€38,740 | +24.7% |
| Amounts receivable within one year | 40/41 | €16,529 | €33,228 | +€16,699 | +101.0% |
| Trade receivables | 40 | €14,040 | €30,728 | +€16,688 | +118.9% |
| Other amounts receivable | 41 | €2,489 | €2,500 | +€11 | +0.4% |
| Cash at bank and in hand | 54/58 | €139,984 | €150,764 | +€10,781 | +7.7% |
| Deferred charges and accrued income | 490/1 | €367 | €11,627 | +€11,260 | +3066.7% |
| Total equity and liabilities | 10/49 | €181,493 | €215,519 | +€34,026 | +18.7% |
| Equity | 10/15 | €170,176 | €195,871 | +€25,695 | +15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €149,716 | €175,411 | +€25,695 | +17.2% |
| Amounts payable | 17/49 | €11,317 | €19,648 | +€8,331 | +73.6% |
| Amounts payable within one year | 42/48 | €11,280 | €19,603 | +€8,324 | +73.8% |
| Trade debts | 44 | €2,522 | €1,079 | -€1,443 | -57.2% |
| Suppliers | 440/4 | €2,522 | €1,079 | -€1,443 | -57.2% |
| Taxes, remuneration and social security | 45 | €3,374 | €8,119 | +€4,745 | +140.6% |
| Taxes | 450/3 | €1,174 | €5,919 | +€4,745 | +404.2% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €5,384 | €10,406 | +€5,022 | +93.3% |
| Accrued charges and deferred income | 492/3 | €37 | €44 | +€7 | +20.2% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,995 | €7,224 | +€229 | +3.3% |
| Other operating charges | 640/8 | €719 | €549 | -€170 | -23.7% |
| Gross operating margin | 9900 | €85,561 | €41,576 | -€43,985 | -51.4% |
| Operating profit (loss) | 9901 | €77,847 | €33,803 | -€44,044 | -56.6% |
| Financial income | 75/76B | €1 | €9 | +€9 | +1217.1% |
| Recurring financial income | 75 | €1 | €9 | +€9 | +1217.1% |
| Financial charges | 65/66B | €1,090 | €676 | -€414 | -38.0% |
| Recurring financial charges | 65 | €1,090 | €676 | -€414 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €76,757 | €33,136 | -€43,621 | -56.8% |
| Income taxes | 67/77 | €15,830 | €7,442 | -€8,389 | -53.0% |
| Profit (loss) for the period | 9904 | €60,927 | €25,695 | -€35,232 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,927 | €25,695 | -€35,232 | -57.8% |
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 11 October 2026 via checked.be.