NOVAFUND: what changed
Two fiscal 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.
NOVAFUND
Largest movements
- Receivables within one year +€18,101
up €18,101 (+4.5%), from €399,755 to €417,856
of which Other amounts receivable: +€18,101
- Profit (loss) carried forward +€8,690
up €8,690 (+2.6%), from €329,358 to €338,048
- Other debts +€6,101
up €6,101 (+345.9%), from €1,764 to €7,865
- Financial income -€14,743
down €14,743 (-34.8%), from €42,344 to €27,601
- Gross operating margin +€10,969
up €10,969 (+40.5%), from -€27,103 to -€16,134
- Financial charges -€2,870
down €2,870 (-56.4%), from €5,084 to €2,214
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 | €408,735 | €424,706 | +€15,971 | +3.9% |
| Current assets | 29/58 | €408,735 | €424,706 | +€15,971 | +3.9% |
| Stocks and contracts in progress | 3 | €5,765 | €4,415 | -€1,351 | -23.4% |
| Stocks | 30/36 | €5,765 | €4,415 | -€1,351 | -23.4% |
| Amounts receivable within one year | 40/41 | €399,755 | €417,856 | +€18,101 | +4.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €399,755 | €417,856 | +€18,101 | +4.5% |
| Cash at bank and in hand | 54/58 | €3,215 | €2,436 | -€779 | -24.2% |
| Total equity and liabilities | 10/49 | €408,735 | €424,706 | +€15,971 | +3.9% |
| Equity | 10/15 | €404,809 | €413,499 | +€8,690 | +2.1% |
| Contributions | 10/11 | €68,592 | €68,592 | = | 0.0% |
| Reserves | 13 | €6,859 | €6,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €6,859 | €6,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €329,358 | €338,048 | +€8,690 | +2.6% |
| Amounts payable | 17/49 | €3,926 | €11,208 | +€7,281 | +185.4% |
| Amounts payable within one year | 42/48 | €2,491 | €9,680 | +€7,190 | +288.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €727 | €1,815 | +€1,088 | +149.8% |
| Suppliers | 440/4 | €727 | €1,815 | +€1,088 | +149.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,764 | €7,865 | +€6,101 | +345.9% |
| Accrued charges and deferred income | 492/3 | €1,436 | €1,527 | +€92 | +6.4% |
| Other operating charges | 640/8 | €444 | €563 | +€119 | +26.8% |
| Gross operating margin | 9900 | -€27,103 | -€16,134 | +€10,969 | +40.5% |
| Operating profit (loss) | 9901 | -€27,547 | -€16,696 | +€10,850 | +39.4% |
| Financial income | 75/76B | €42,344 | €27,601 | -€14,743 | -34.8% |
| Recurring financial income | 75 | €42,344 | €27,601 | -€14,743 | -34.8% |
| Financial charges | 65/66B | €5,084 | €2,214 | -€2,870 | -56.4% |
| Recurring financial charges | 65 | €5,084 | €2,214 | -€2,870 | -56.4% |
| Profit (loss) for the period before taxes | 9903 | €9,713 | €8,690 | -€1,023 | -10.5% |
| Profit (loss) for the period | 9904 | €9,713 | €8,690 | -€1,023 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,713 | €8,690 | -€1,023 | -10.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.