NOVAFIN: 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.
NOVAFIN
Largest movements
- Tangible fixed assets -€9,734
down €9,734 (-3.7%), from €264,072 to €254,338
- Cash -€3,752
down €3,752 (-95.7%), from €3,921 to €169
mainly Net result for the year (-€21,286)
- Profit (loss) carried forward -€21,286
down €21,286 (-32.4%), from -€65,618 to -€86,904
- Trade debts +€4,421
up €4,421 (+4,421%), from €100 to €4,521
- Other debts +€2,901
up €2,901 (+1.1%), from €273,989 to €276,890
- Other operating charges +€7,921
new in 2025: €7,921
- Financial charges +€991
up €991 (+900%), from €110 to €1,101
- Gross operating margin -€690
down €690 (-37.5%), from -€1,841 to -€2,531
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,471 | €254,507 | -€13,964 | -5.2% |
| Fixed assets | 21/28 | €264,072 | €254,338 | -€9,734 | -3.7% |
| Tangible fixed assets | 22/27 | €264,072 | €254,338 | -€9,734 | -3.7% |
| Land and buildings | 22 | €264,072 | €254,338 | -€9,734 | -3.7% |
| Current assets | 29/58 | €4,399 | €169 | -€4,230 | -96.2% |
| Cash at bank and in hand | 54/58 | €3,921 | €169 | -€3,752 | -95.7% |
| Deferred charges and accrued income | 490/1 | €478 | - | -€478 | |
| Total equity and liabilities | 10/49 | €268,471 | €254,507 | -€13,964 | -5.2% |
| Equity | 10/15 | -€5,618 | -€26,904 | -€21,286 | -379% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,618 | -€86,904 | -€21,286 | -32.4% |
| Amounts payable | 17/49 | €274,089 | €281,412 | +€7,322 | +2.7% |
| Amounts payable within one year | 42/48 | €274,089 | €281,412 | +€7,322 | +2.7% |
| Trade debts | 44 | €100 | €4,521 | +€4,421 | +4,421% |
| Suppliers | 440/4 | €100 | €4,521 | +€4,421 | +4,421% |
| Other amounts payable | 47/48 | €273,989 | €276,890 | +€2,901 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,734 | €9,734 | = | 0.0% |
| Other operating charges | 640/8 | - | €7,921 | +€7,921 | |
| Gross operating margin | 9900 | -€1,841 | -€2,531 | -€690 | -37.5% |
| Operating profit (loss) | 9901 | -€11,575 | -€20,186 | -€8,611 | -74.4% |
| Financial charges | 65/66B | €110 | €1,101 | +€991 | +900% |
| Recurring financial charges | 65 | €110 | €1,101 | +€991 | +900% |
| Profit (loss) for the period before taxes | 9903 | -€11,685 | -€21,286 | -€9,602 | -82.2% |
| Profit (loss) for the period | 9904 | -€11,685 | -€21,286 | -€9,602 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,685 | -€21,286 | -€9,602 | -82.2% |
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 16 October 2026 via checked.be.