Novago: 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.
Novago
Largest movements
- Receivables within one year +€36,279
new in 2025: €36,279
of which Trade receivables: +€27,200
- Cash -€7,943
down €7,943 (-83.9%), from €9,464 to €1,521
mainly Receivables within one year (-€36,279) and Net result for the year (-€5,272)
- Tangible fixed assets -€6,172
down €6,172 (-14.9%), from €41,315 to €35,143
- Other debts +€26,280
up €26,280 (+403.0%), from €6,520 to €32,800
- Profit (loss) carried forward -€4,886
down €4,886 (-20.1%), from -€24,352 to -€29,238
- Trade debts +€1,181
new in 2025: €1,181
- Gross operating margin +€4,906
up €4,906, from -€1,168 to €3,738
- Other operating charges -€197
down €197 (-6.6%), from €2,990 to €2,793
- Depreciation -€141
down €141 (-2.2%), from €6,313 to €6,172
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 | €50,779 | €72,943 | +€22,164 | +43.6% |
| Fixed assets | 21/28 | €41,315 | €35,143 | -€6,172 | -14.9% |
| Tangible fixed assets | 22/27 | €41,315 | €35,143 | -€6,172 | -14.9% |
| Land and buildings | 22 | €41,315 | €35,143 | -€6,172 | -14.9% |
| Current assets | 29/58 | €9,464 | €37,800 | +€28,336 | +299.4% |
| Amounts receivable within one year | 40/41 | - | €36,279 | +€36,279 | |
| Trade receivables | 40 | - | €27,200 | +€27,200 | |
| Other amounts receivable | 41 | - | €9,079 | +€9,079 | |
| Cash at bank and in hand | 54/58 | €9,464 | €1,521 | -€7,943 | -83.9% |
| Total equity and liabilities | 10/49 | €50,779 | €72,943 | +€22,164 | +43.6% |
| Equity | 10/15 | €44,258 | €38,962 | -€5,297 | -12.0% |
| Contributions | 10/11 | €62,025 | €62,000 | -€25 | 0.0% |
| Capital | 10 | €62,025 | €62,000 | -€25 | 0.0% |
| Issued capital | 100 | €62,025 | €62,000 | -€25 | 0.0% |
| Reserves | 13 | €6,586 | €6,200 | -€386 | -5.9% |
| Non-distributable reserves | 130/1 | €6,586 | €6,200 | -€386 | -5.9% |
| Legal reserve | 130 | €6,586 | €6,200 | -€386 | -5.9% |
| Profit (loss) carried forward | 14 | -€24,352 | -€29,238 | -€4,886 | -20.1% |
| Amounts payable | 17/49 | €6,520 | €33,981 | +€27,461 | +421.2% |
| Amounts payable within one year | 42/48 | €6,520 | €33,981 | +€27,461 | +421.2% |
| Trade debts | 44 | - | €1,181 | +€1,181 | |
| Suppliers | 440/4 | - | €1,181 | +€1,181 | |
| Other amounts payable | 47/48 | €6,520 | €32,800 | +€26,280 | +403.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,313 | €6,172 | -€141 | -2.2% |
| Other operating charges | 640/8 | €2,990 | €2,793 | -€197 | -6.6% |
| Gross operating margin | 9900 | -€1,168 | €3,738 | +€4,906 | |
| Operating profit (loss) | 9901 | -€10,471 | -€5,227 | +€5,244 | +50.1% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,515 | -€5,272 | +€5,243 | +49.9% |
| Profit (loss) for the period | 9904 | -€10,515 | -€5,272 | +€5,243 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,515 | -€5,272 | +€5,243 | +49.9% |
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 11 October 2026 via checked.be.