NOVAK PROD: 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.
NOVAK PROD
Largest movements
- Intangible fixed assets +€218,436
up €218,436 (+7.9%), from €2.8m to €3.0m
- Receivables within one year +€139,317
up €139,317 (+85.1%), from €163,674 to €302,991
of which Other amounts receivable: +€133,546
- Investment grants +€239,393
up €239,393 (+9.1%), from €2.6m to €2.9m
- Trade debts +€146,055
up €146,055 (+253%), from €57,794 to €203,849
- Short-term financial debts +€126,292
up €126,292 (+104%), from €121,373 to €247,666
- Other debts -€113,292
no longer reported in 2025 (was €113,292)
- Gross operating margin +€535,035
up €535,035 (+66.9%), from €800,074 to €1.3m
- Staff costs +€391,251
up €391,251 (+300%), from €130,482 to €521,732
- Depreciation +€162,395
up €162,395 (+24.0%), from €675,432 to €837,827
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 | €2,954,092 | €3,320,453 | +€366,361 | +12.4% |
| Fixed assets | 21/28 | €2,769,539 | €2,986,107 | +€216,568 | +7.8% |
| Intangible fixed assets | 21 | €2,760,880 | €2,979,316 | +€218,436 | +7.9% |
| Tangible fixed assets | 22/27 | €4,409 | €2,541 | -€1,868 | -42.4% |
| Plant, machinery and equipment | 23 | €706 | €72 | -€634 | -89.8% |
| Furniture and vehicles | 24 | €1,003 | €669 | -€334 | -33.3% |
| Other tangible fixed assets | 26 | €2,700 | €1,800 | -€900 | -33.3% |
| Financial fixed assets | 28 | €4,250 | €4,250 | = | 0.0% |
| Current assets | 29/58 | €184,553 | €334,346 | +€149,793 | +81.2% |
| Amounts receivable within one year | 40/41 | €163,674 | €302,991 | +€139,317 | +85.1% |
| Trade receivables | 40 | €22,767 | €28,538 | +€5,771 | +25.3% |
| Other amounts receivable | 41 | €140,907 | €274,453 | +€133,546 | +94.8% |
| Cash at bank and in hand | 54/58 | €20,879 | €30,036 | +€9,156 | +43.9% |
| Deferred charges and accrued income | 490/1 | - | €1,320 | +€1,320 | |
| Total equity and liabilities | 10/49 | €2,954,092 | €3,320,453 | +€366,361 | +12.4% |
| Equity | 10/15 | €2,648,900 | €2,856,504 | +€207,604 | +7.8% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,698 | -€24,091 | -€31,789 | |
| Investment grants | 15 | €2,620,201 | €2,859,595 | +€239,393 | +9.1% |
| Amounts payable | 17/49 | €305,193 | €463,949 | +€158,757 | +52.0% |
| Amounts payable within one year | 42/48 | €305,193 | €463,949 | +€158,757 | +52.0% |
| Financial debts | 43 | €121,373 | €247,666 | +€126,292 | +104% |
| Credit institutions | 430/8 | €121,373 | €247,666 | +€126,292 | +104% |
| Trade debts | 44 | €57,794 | €203,849 | +€146,055 | +253% |
| Suppliers | 440/4 | €57,794 | €203,849 | +€146,055 | +253% |
| Taxes, remuneration and social security | 45 | €12,733 | €12,435 | -€298 | -2.3% |
| Remuneration and social security | 454/9 | €12,733 | €12,435 | -€298 | -2.3% |
| Other amounts payable | 47/48 | €113,292 | - | -€113,292 | |
| Remuneration, social security and pensions | 62 | €130,482 | €521,732 | +€391,251 | +300% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €675,432 | €837,827 | +€162,395 | +24.0% |
| Other operating charges | 640/8 | €3,244 | €998 | -€2,246 | -69.2% |
| Gross operating margin | 9900 | €800,074 | €1,335,108 | +€535,035 | +66.9% |
| Operating profit (loss) | 9901 | -€9,084 | -€25,449 | -€16,365 | -180% |
| Financial income | 75/76B | €881 | €1,965 | +€1,084 | +123% |
| Recurring financial income | 75 | €881 | €1,965 | +€1,084 | +123% |
| Financial charges | 65/66B | €9,735 | €8,305 | -€1,430 | -14.7% |
| Recurring financial charges | 65 | €9,735 | €8,305 | -€1,430 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,937 | -€31,789 | -€13,852 | -77.2% |
| Income taxes | 67/77 | €1 | €1 | -€1 | -49.2% |
| Profit (loss) for the period | 9904 | -€17,938 | -€31,789 | -€13,851 | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,938 | -€31,789 | -€13,851 | -77.2% |
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 22 October 2026 via checked.be.