NOVALANDO MANAGEMENT: 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.
NOVALANDO MANAGEMENT
Largest movements
- Cash +€44,752
up €44,752 (+70.9%), from €63,156 to €107,908
mainly Net result for the year (+€45,399) and Other debts (+€28,050)
- Current investments +€12,000
up €12,000 (+10.7%), from €112,162 to €124,161
- Receivables within one year -€11,572
down €11,572 (-64.0%), from €18,086 to €6,514
of which Trade receivables: -€15,531
- Other debts +€28,050
new in 2025: €28,050
- Profit (loss) carried forward +€15,403
up €15,403 (+14.1%), from €109,516 to €124,920
- Tax, wage and social debts +€3,450
up €3,450 (+42.5%), from €8,109 to €11,558
- Gross operating margin +€12,117
up €12,117 (+21.1%), from €57,356 to €69,474
- Taxes +€2,593
up €2,593 (+19.0%), from €13,624 to €16,217
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 | €197,619 | €244,402 | +€46,783 | +23.7% |
| Fixed assets | 21/28 | €4,215 | €5,819 | +€1,604 | +38.0% |
| Tangible fixed assets | 22/27 | €4,215 | €5,819 | +€1,604 | +38.0% |
| Land and buildings | 22 | €996 | €3,934 | +€2,938 | +295% |
| Furniture and vehicles | 24 | €3,036 | €1,795 | -€1,241 | -40.9% |
| Leasing and similar rights | 25 | €183 | €89 | -€94 | -51.3% |
| Current assets | 29/58 | €193,403 | €238,583 | +€45,180 | +23.4% |
| Amounts receivable within one year | 40/41 | €18,086 | €6,514 | -€11,572 | -64.0% |
| Trade receivables | 40 | €15,536 | €5 | -€15,531 | -100.0% |
| Other amounts receivable | 41 | €2,550 | €6,508 | +€3,959 | +155% |
| Current investments | 50/53 | €112,162 | €124,161 | +€12,000 | +10.7% |
| Cash at bank and in hand | 54/58 | €63,156 | €107,908 | +€44,752 | +70.9% |
| Total equity and liabilities | 10/49 | €197,619 | €244,402 | +€46,783 | +23.7% |
| Equity | 10/15 | €187,576 | €202,980 | +€15,403 | +8.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Capital | 10 | €8,060 | - | -€8,060 | |
| Issued capital | 100 | €8,060 | - | -€8,060 | |
| Reserves | 13 | €70,000 | €70,000 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,516 | €124,920 | +€15,403 | +14.1% |
| Amounts payable | 17/49 | €10,042 | €41,422 | +€31,380 | +312% |
| Amounts payable within one year | 42/48 | €10,042 | €41,422 | +€31,380 | +312% |
| Trade debts | 44 | €1,934 | €1,803 | -€131 | -6.8% |
| Suppliers | 440/4 | €1,934 | €1,803 | -€131 | -6.8% |
| Advances received on contracts in progress | 46 | - | €11 | +€11 | |
| Taxes, remuneration and social security | 45 | €8,109 | €11,558 | +€3,450 | +42.5% |
| Taxes | 450/3 | €8,109 | €11,558 | +€3,450 | +42.5% |
| Other amounts payable | 47/48 | - | €28,050 | +€28,050 | |
| Remuneration, social security and pensions | 62 | €2,042 | €2,276 | +€234 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,628 | €1,856 | +€229 | +14.1% |
| Other operating charges | 640/8 | €600 | €1,000 | +€400 | +66.6% |
| Gross operating margin | 9900 | €57,356 | €69,474 | +€12,117 | +21.1% |
| Operating profit (loss) | 9901 | €53,086 | €64,341 | +€11,255 | +21.2% |
| Financial income | 75/76B | €16 | €4 | -€12 | -75.0% |
| Recurring financial income | 75 | €16 | €4 | -€12 | -75.0% |
| Financial charges | 65/66B | €2,601 | €2,729 | +€128 | +4.9% |
| Recurring financial charges | 65 | €2,601 | €2,729 | +€128 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €50,502 | €61,617 | +€11,115 | +22.0% |
| Income taxes | 67/77 | €13,624 | €16,217 | +€2,593 | +19.0% |
| Profit (loss) for the period | 9904 | €36,878 | €45,399 | +€8,521 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,878 | €45,399 | +€8,521 | +23.1% |
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 16 October 2026 via checked.be.