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
- Receivables within one year -€100,900
down €100,900 (-74.2%), from €135,957 to €35,057
of which Trade receivables: -€101,429
- Receivables after one year +€66,121
new in 2025: €66,121
- Tangible fixed assets -€6,324
down €6,324 (-30.6%), from €20,666 to €14,342
- Reserves -€22,585
down €22,585 (-75.3%), from €30,000 to €7,415
- Debts after one year -€21,559
down €21,559 (-19.6%), from €110,161 to €88,602
- Tax, wage and social debts +€10,603
up €10,603 (+22.2%), from €47,791 to €58,394
of which Taxes: +€9,947
- Profit (loss) carried forward -€4,812
down €4,812 (-100%), from €4,812 to €0
- Write-downs +€58,849
new in 2025: €58,849
- Taxes -€10,770
down €10,770 (-96.7%), from €11,141 to €371
- Financial charges +€3,874
up €3,874 (+57.5%), from €6,741 to €10,615
- Gross operating margin +€3,473
up €3,473 (+6.6%), from €52,802 to €56,275
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 | €285,212 | €246,820 | -€38,392 | -13.5% |
| Fixed assets | 21/28 | €145,666 | €139,342 | -€6,324 | -4.3% |
| Tangible fixed assets | 22/27 | €20,666 | €14,342 | -€6,324 | -30.6% |
| Furniture and vehicles | 24 | €20,666 | €14,342 | -€6,324 | -30.6% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €139,546 | €107,478 | -€32,068 | -23.0% |
| Amounts receivable after more than one year | 29 | - | €66,121 | +€66,121 | |
| Trade receivables | 290 | - | €66,121 | +€66,121 | |
| Amounts receivable within one year | 40/41 | €135,957 | €35,057 | -€100,900 | -74.2% |
| Trade receivables | 40 | €135,956 | €34,526 | -€101,429 | -74.6% |
| Other amounts receivable | 41 | €1 | €531 | +€530 | +36,772% |
| Cash at bank and in hand | 54/58 | €1,355 | €3,298 | +€1,943 | +143% |
| Deferred charges and accrued income | 490/1 | €2,234 | €3,002 | +€768 | +34.4% |
| Total equity and liabilities | 10/49 | €285,212 | €246,820 | -€38,392 | -13.5% |
| Equity | 10/15 | €40,812 | €13,415 | -€27,397 | -67.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €7,415 | -€22,585 | -75.3% |
| Distributable reserves | 133 | €30,000 | €7,415 | -€22,585 | -75.3% |
| Profit (loss) carried forward | 14 | €4,812 | €0 | -€4,812 | -100% |
| Amounts payable | 17/49 | €244,400 | €233,405 | -€10,995 | -4.5% |
| Amounts payable after more than one year | 17 | €110,161 | €88,602 | -€21,559 | -19.6% |
| Financial debts | 170/4 | €110,161 | €88,602 | -€21,559 | -19.6% |
| Amounts payable within one year | 42/48 | €133,552 | €144,168 | +€10,616 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €19,447 | €21,559 | +€2,112 | +10.9% |
| Financial debts | 43 | €2,037 | €2,699 | +€662 | +32.5% |
| Credit institutions | 430/8 | €2,037 | €2,699 | +€662 | +32.5% |
| Trade debts | 44 | €64,277 | €61,516 | -€2,761 | -4.3% |
| Suppliers | 440/4 | €64,277 | €61,516 | -€2,761 | -4.3% |
| Taxes, remuneration and social security | 45 | €47,791 | €58,394 | +€10,603 | +22.2% |
| Taxes | 450/3 | €43,667 | €53,614 | +€9,947 | +22.8% |
| Remuneration and social security | 454/9 | €4,123 | €4,780 | +€657 | +15.9% |
| Accrued charges and deferred income | 492/3 | €687 | €635 | -€52 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,324 | €6,324 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €58,849 | +€58,849 | |
| Other operating charges | 640/8 | €3,253 | €3,052 | -€201 | -6.2% |
| Non-recurring operating charges | 66A | - | €4,462 | +€4,462 | |
| Gross operating margin | 9900 | €52,802 | €56,275 | +€3,473 | +6.6% |
| Operating profit (loss) | 9901 | €43,226 | -€16,412 | -€59,638 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +22.4% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +22.4% |
| Financial charges | 65/66B | €6,741 | €10,615 | +€3,874 | +57.5% |
| Recurring financial charges | 65 | €6,741 | €10,615 | +€3,874 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | €36,485 | -€27,026 | -€63,511 | |
| Income taxes | 67/77 | €11,141 | €371 | -€10,770 | -96.7% |
| Profit (loss) for the period | 9904 | €25,344 | -€27,397 | -€52,741 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,344 | -€27,397 | -€52,741 |
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 30 October 2026 via checked.be.