NOVAKOMENKO: 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.
NOVAKOMENKO
Largest movements
- Cash +€23,869
up €23,869 (+29.2%), from €81,731 to €105,600
mainly Net result for the year (+€20,089) and Other debts (+€19,254)
- Deferred charges and accrued income +€19,423
up €19,423 (+767%), from €2,533 to €21,956
- Other debts +€19,254
up €19,254 (+6,091%), from €316 to €19,570
- Trade debts +€15,951
new in 2025: €15,951
- Tax, wage and social debts +€8,758
up €8,758 (+138%), from €6,339 to €15,097
- Taxes +€6,614
up €6,614 (+86.0%), from €7,689 to €14,303
- Gross operating margin -€4,980
down €4,980 (-10.8%), from €46,065 to €41,086
- Depreciation +€1,316
up €1,316 (+29.4%), from €4,473 to €5,789
- Other operating charges +€709
up €709 (+290%), from €244 to €953
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 | €119,588 | €162,836 | +€43,247 | +36.2% |
| Fixed assets | 21/28 | €20,633 | €21,728 | +€1,094 | +5.3% |
| Tangible fixed assets | 22/27 | €20,633 | €21,728 | +€1,094 | +5.3% |
| Plant, machinery and equipment | 23 | €20,350 | €15,717 | -€4,633 | -22.8% |
| Furniture and vehicles | 24 | €284 | €6,010 | +€5,727 | +2,020% |
| Current assets | 29/58 | €98,955 | €141,108 | +€42,153 | +42.6% |
| Amounts receivable within one year | 40/41 | €14,691 | €13,552 | -€1,139 | -7.8% |
| Trade receivables | 40 | €14,691 | €13,552 | -€1,139 | -7.8% |
| Cash at bank and in hand | 54/58 | €81,731 | €105,600 | +€23,869 | +29.2% |
| Deferred charges and accrued income | 490/1 | €2,533 | €21,956 | +€19,423 | +767% |
| Total equity and liabilities | 10/49 | €119,588 | €162,836 | +€43,247 | +36.2% |
| Equity | 10/15 | €112,933 | €112,218 | -€715 | -0.6% |
| Reserves | 13 | €112,933 | €112,218 | -€715 | -0.6% |
| Distributable reserves | 133 | €112,933 | €112,218 | -€715 | -0.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €6,655 | €50,618 | +€43,962 | +661% |
| Amounts payable within one year | 42/48 | €6,655 | €50,618 | +€43,962 | +661% |
| Trade debts | 44 | - | €15,951 | +€15,951 | |
| Suppliers | 440/4 | - | €15,951 | +€15,951 | |
| Taxes, remuneration and social security | 45 | €6,339 | €15,097 | +€8,758 | +138% |
| Taxes | 450/3 | €6,339 | €15,097 | +€8,758 | +138% |
| Other amounts payable | 47/48 | €316 | €19,570 | +€19,254 | +6,091% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,473 | €5,789 | +€1,316 | +29.4% |
| Other operating charges | 640/8 | €244 | €953 | +€709 | +290% |
| Gross operating margin | 9900 | €46,065 | €41,086 | -€4,980 | -10.8% |
| Operating profit (loss) | 9901 | €41,348 | €34,343 | -€7,005 | -16.9% |
| Financial income | 75/76B | €202 | €479 | +€277 | +137% |
| Recurring financial income | 75 | €202 | €479 | +€277 | +137% |
| Financial charges | 65/66B | €524 | €431 | -€93 | -17.8% |
| Recurring financial charges | 65 | €524 | €431 | -€93 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €41,026 | €34,392 | -€6,635 | -16.2% |
| Income taxes | 67/77 | €7,689 | €14,303 | +€6,614 | +86.0% |
| Profit (loss) for the period | 9904 | €33,338 | €20,089 | -€13,249 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,338 | €20,089 | -€13,249 | -39.7% |
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 19 October 2026 via checked.be.