NOVAGEST: what changed
What changed
NOVAGEST
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€13,606
2024 · €7,618+€5,989
Equity
€130,171
2024 · €116,564+€13,606
Cash
€3,019
2024 · €3,996-€977
Balance sheet total
€262,602
2024 · €225,922+€36,680
Largest movements
Assets
- Receivables within one year +€41,007
up €41,007 (+52.2%), from €78,529 to €119,537
of which Other amounts receivable: +€63,130
- Tangible fixed assets -€12,333
down €12,333 (-31.5%), from €39,200 to €26,867
of which Furniture and vehicles: -€11,993
- Deferred charges and accrued income +€8,983
up €8,983 (+224%), from €4,018 to €13,001
Equity and liabilities
- Trade debts +€30,941
up €30,941 (+125%), from €24,678 to €55,619
- Reserves +€13,600
up €13,600 (+25.0%), from €54,500 to €68,100
- Debts after one year -€9,357
down €9,357 (-27.0%), from €34,695 to €25,338
- Other debts -€7,931
no longer reported in 2025 (was €7,931)
- Current portion of long-term debt +€5,266
up €5,266 (+43.6%), from €12,071 to €17,337
Income statement
- Gross operating margin +€4,706
up €4,706 (+3.0%), from €158,273 to €162,979
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€7,618
Gross operating margin
+€4,706
Staff costs
+€518
Depreciation
-€1,443
Other operating charges
-€250
Financial income
+€1,564
Financial charges
-€677
Taxes
+€1,570
Result 2025
€13,606
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€6,175
Investment
-€6,434
Financing
-€718
Cash 2024
€3,996
From operations (derived)
+€6,175
Net result for the year
+€13,606
Depreciation
+€18,767
Receivables within one year
-€41,007
Deferred charges and accrued income
-€8,983
Trade debts
+€30,941
Tax, wage and social debts
+€782
Other debts
-€7,931
Investment (derived)
-€6,434
Investment in fixed assets (net)
-€6,434
Financing
-€718
Debts after one year
-€9,357
Current portion of long-term debt
+€5,266
Short-term financial debts
+€3,373
Cash 2025
€3,019
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,922 | €262,602 | +€36,680 | +16.2% |
| Fixed assets | 21/28 | €39,379 | €27,045 | -€12,333 | -31.3% |
| Tangible fixed assets | 22/27 | €39,200 | €26,867 | -€12,333 | -31.5% |
| Furniture and vehicles | 24 | €38,520 | €26,527 | -€11,993 | -31.1% |
| Other tangible fixed assets | 26 | €680 | €340 | -€340 | -50.0% |
| Financial fixed assets | 28 | €179 | €179 | = | 0.0% |
| Current assets | 29/58 | €186,544 | €235,557 | +€49,013 | +26.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €78,529 | €119,537 | +€41,007 | +52.2% |
| Trade receivables | 40 | €76,654 | €54,531 | -€22,123 | -28.9% |
| Other amounts receivable | 41 | €1,875 | €65,005 | +€63,130 | +3,367% |
| Cash at bank and in hand | 54/58 | €3,996 | €3,019 | -€977 | -24.4% |
| Deferred charges and accrued income | 490/1 | €4,018 | €13,001 | +€8,983 | +224% |
| Total equity and liabilities | 10/49 | €225,922 | €262,602 | +€36,680 | +16.2% |
| Equity | 10/15 | €116,564 | €130,171 | +€13,606 | +11.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €54,500 | €68,100 | +€13,600 | +25.0% |
| Distributable reserves | 133 | €54,500 | €68,100 | +€13,600 | +25.0% |
| Profit (loss) carried forward | 14 | €55,064 | €55,071 | +€6 | 0.0% |
| Amounts payable | 17/49 | €109,358 | €132,432 | +€23,074 | +21.1% |
| Amounts payable after more than one year | 17 | €34,695 | €25,338 | -€9,357 | -27.0% |
| Financial debts | 170/4 | €34,695 | €25,338 | -€9,357 | -27.0% |
| Amounts payable within one year | 42/48 | €74,663 | €107,094 | +€32,431 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | €12,071 | €17,337 | +€5,266 | +43.6% |
| Financial debts | 43 | €5,059 | €8,432 | +€3,373 | +66.7% |
| Credit institutions | 430/8 | €5,059 | €8,432 | +€3,373 | +66.7% |
| Trade debts | 44 | €24,678 | €55,619 | +€30,941 | +125% |
| Suppliers | 440/4 | €24,678 | €55,619 | +€30,941 | +125% |
| Taxes, remuneration and social security | 45 | €24,924 | €25,705 | +€782 | +3.1% |
| Taxes | 450/3 | €4,434 | €7,322 | +€2,889 | +65.2% |
| Remuneration and social security | 454/9 | €20,490 | €18,383 | -€2,107 | -10.3% |
| Other amounts payable | 47/48 | €7,931 | - | -€7,931 | |
| Remuneration, social security and pensions | 62 | €122,639 | €122,121 | -€518 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,325 | €18,767 | +€1,443 | +8.3% |
| Other operating charges | 640/8 | €1,832 | €2,082 | +€250 | +13.6% |
| Gross operating margin | 9900 | €158,273 | €162,979 | +€4,706 | +3.0% |
| Operating profit (loss) | 9901 | €16,477 | €20,008 | +€3,531 | +21.4% |
| Financial income | 75/76B | €2,832 | €4,396 | +€1,564 | +55.2% |
| Recurring financial income | 75 | €2,832 | €4,396 | +€1,564 | +55.2% |
| Financial charges | 65/66B | €847 | €1,525 | +€677 | +79.9% |
| Recurring financial charges | 65 | €847 | €1,525 | +€677 | +79.9% |
| Profit (loss) for the period before taxes | 9903 | €18,462 | €22,880 | +€4,418 | +23.9% |
| Income taxes | 67/77 | €10,844 | €9,274 | -€1,570 | -14.5% |
| Profit (loss) for the period | 9904 | €7,618 | €13,606 | +€5,989 | +78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,618 | €13,606 | +€5,989 | +78.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.