Novadia: 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
Novadia
NACE 87.301, Residential care activities
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€8.5m
2023 · -€25.8m+€17.3m
Equity
-€38.0m
2023 · -€29.4m-€8.5m
Cash
€24,189
2023 · €22,238+€1,951
Balance sheet total
€6.1m
2023 · €10.1m-€4.0m
Largest movements
Assets
- Financial fixed assets -€2.4m
down €2.4m (-31.3%), from €7.7m to €5.3m
of which Affiliated companies: -€2.4m
- Receivables after one year -€1.7m
down €1.7m (-99.3%), from €1.7m to €11,375
Equity and liabilities
- Profit (loss) carried forward -€8.5m
down €8.5m (-28.1%), from -€30.3m to -€38.8m
- Debts after one year +€2.2m
up €2.2m (+5.8%), from €38.8m to €41.1m
- Provisions +€2.2m
up €2.2m (+407.1%), from €534,429 to €2.7m
Income statement
- Financial income +€24.0m
up €24.0m (+3838.9%), from €625,719 to €24.6m
of which Non-recurring financial income: +€23.9m
- Financial charges +€6.9m
up €6.9m (+26.4%), from €25.9m to €32.8m
of which Non-recurring financial charges: +€6.3m
- Staff costs -€223,126
down €223,126 (-79.5%), from €280,528 to €57,402
- Services and other goods +€166,386
up €166,386 (+42.2%), from €394,394 to €560,779
From the 2023 result to the 2024 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 2023
-€25.8m
Staff costs
+€223,126
Depreciation
+€464
Other operating charges
-€1,152
Other operating items
-€68,866
Financial income
+€24.0m
Financial charges
-€6.9m
Taxes
+€104
Result 2024
-€8.5m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€4.7m
Investment
+€2.4m
Financing
+€2.2m
Cash 2023
€22,238
From operations (derived)
-€4.7m
Net result for the year
-€8.5m
Depreciation
+€961
Receivables after one year
+€1.7m
Deferred charges and accrued income
-€96,033
Provisions
+€2.2m
Trade debts
+€43,473
Tax, wage and social debts
-€30,699
Accrued charges and deferred income
+€28,990
Investment (derived)
+€2.4m
Investment in fixed assets (net)
+€2.4m
Financing
+€2.2m
Debts after one year
+€2.2m
Cash 2024
€24,189
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,113,212 | €6,063,557 | -€4.0m | -40.0% |
| Fixed assets | 21/28 | €7,722,458 | €5,302,288 | -€2.4m | -31.3% |
| Tangible fixed assets | 22/27 | €4,423 | €3,463 | -€961 | -21.7% |
| Land and buildings | 22 | €3,195 | €3,088 | -€106 | -3.3% |
| Furniture and vehicles | 24 | €1,229 | €374 | -€854 | -69.5% |
| Financial fixed assets | 28 | €7,718,035 | €5,298,825 | -€2.4m | -31.3% |
| Affiliated companies | 280/1 | €7,717,672 | €5,296,562 | -€2.4m | -31.4% |
| Participating interests | 280 | €7,717,672 | €5,296,562 | -€2.4m | -31.4% |
| Companies linked by participating interests | 282/3 | €0 | €0 | = | |
| Other financial fixed assets | 284/8 | €363 | €2,263 | +€1,900 | +523.4% |
| Amounts receivable and cash guarantees | 285/8 | €363 | €2,263 | +€1,900 | +523.4% |
| Current assets | 29/58 | €2,390,754 | €761,270 | -€1.6m | -68.2% |
| Amounts receivable after more than one year | 29 | €1,738,843 | €11,375 | -€1.7m | -99.3% |
| Trade receivables | 290 | €1,738,843 | €11,375 | -€1.7m | -99.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,346 | €2,346 | = | 0.0% |
| Trade receivables | 40 | €2,346 | €2,346 | = | 0.0% |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €22,238 | €24,189 | +€1,951 | +8.8% |
| Deferred charges and accrued income | 490/1 | €627,327 | €723,360 | +€96,033 | +15.3% |
| Total equity and liabilities | 10/49 | €10,113,212 | €6,063,557 | -€4.0m | -40.0% |
| Equity | 10/15 | -€29,443,402 | -€37,951,182 | -€8.5m | -28.9% |
| Contributions | 10/11 | €855,500 | €855,500 | = | 0.0% |
| Capital | 10 | €855,500 | €855,500 | = | 0.0% |
| Issued capital | 100 | €855,500 | €855,500 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,318,902 | -€38,826,682 | -€8.5m | -28.1% |
| Provisions and deferred taxes | 16 | €534,429 | €2,710,254 | +€2.2m | +407.1% |
| Provisions for liabilities and charges | 160/5 | €534,429 | €2,710,254 | +€2.2m | +407.1% |
| Other liabilities and charges | 164/5 | €534,429 | €2,710,254 | +€2.2m | +407.1% |
| Amounts payable | 17/49 | €39,022,186 | €41,304,485 | +€2.3m | +5.8% |
| Amounts payable after more than one year | 17 | €38,820,699 | €41,061,235 | +€2.2m | +5.8% |
| Other amounts payable | 178/9 | €38,820,699 | €41,061,235 | +€2.2m | +5.8% |
| Amounts payable within one year | 42/48 | €151,904 | €164,677 | +€12,774 | +8.4% |
| Trade debts | 44 | €79,269 | €122,742 | +€43,473 | +54.8% |
| Suppliers | 440/4 | €79,269 | €122,742 | +€43,473 | +54.8% |
| Taxes, remuneration and social security | 45 | €72,634 | €41,935 | -€30,699 | -42.3% |
| Taxes | 450/3 | €60,826 | €31,230 | -€29,596 | -48.7% |
| Remuneration and social security | 454/9 | €11,809 | €10,706 | -€1,103 | -9.3% |
| Accrued charges and deferred income | 492/3 | €49,583 | €78,573 | +€28,990 | +58.5% |
| Operating income | 70/76A | €178,798 | €269,797 | +€90,998 | +50.9% |
| Other operating income | 74 | €178,144 | €269,738 | +€91,594 | +51.4% |
| Non-recurring operating income | 76A | €654 | €58 | -€596 | -91.1% |
| Operating charges | 60/66A | €684,433 | €621,859 | -€62,574 | -9.1% |
| Services and other goods | 61 | €394,394 | €560,779 | +€166,386 | +42.2% |
| Remuneration, social security and pensions | 62 | €280,528 | €57,402 | -€223,126 | -79.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,425 | €961 | -€464 | -32.6% |
| Other operating charges | 640/8 | - | €1,152 | +€1,152 | |
| Non-recurring operating charges | 66A | €8,087 | €1,565 | -€6,522 | -80.7% |
| Operating profit (loss) | 9901 | -€505,635 | -€352,062 | +€153,572 | +30.4% |
| Financial income | 75/76B | €625,719 | €24,646,594 | +€24.0m | +3838.9% |
| Recurring financial income | 75 | €625,719 | €718,127 | +€92,408 | +14.8% |
| Income from financial fixed assets | 750 | €25 | - | -€25 | |
| Income from current assets | 751 | €625,694 | €718,127 | +€92,432 | +14.8% |
| Non-recurring financial income | 76B | - | €23,928,467 | +€23.9m | |
| Financial charges | 65/66B | €25,941,234 | €32,802,312 | +€6.9m | +26.4% |
| Recurring financial charges | 65 | €2,012,767 | €2,539,141 | +€526,374 | +26.2% |
| Debt charges | 650 | €2,003,237 | €2,528,626 | +€525,389 | +26.2% |
| Other financial charges | 652/9 | €9,530 | €10,515 | +€986 | +10.3% |
| Non-recurring financial charges | 66B | €23,928,467 | €30,263,171 | +€6.3m | +26.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,821,149 | -€8,507,780 | +€17.3m | +67.1% |
| Income taxes | 67/77 | €104 | €0 | -€104 | -100.0% |
| Taxes | 670/3 | €104 | €0 | -€104 | -100.0% |
| Profit (loss) for the period | 9904 | -€25,821,254 | -€8,507,780 | +€17.3m | +67.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,821,254 | -€8,507,780 | +€17.3m | +67.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.