NOVALEC: what changed
Two fiscal 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.
NOVALEC
Largest movements
- Tangible fixed assets -€10,989
down €10,989 (-27.8%), from €39,556 to €28,567
of which Furniture and vehicles: -€9,904
- Receivables within one year +€2,859
up €2,859 (+137.7%), from €2,076 to €4,935
of which Trade receivables: +€3,525
- Cash -€794
down €794 (-47.8%), from €1,661 to €867
mainly Debts after one year (-€7,517) and Receivables within one year (-€2,859)
- Deferred charges and accrued income +€702
up €702 (+47.5%), from €1,476 to €2,178
- Debts after one year -€7,517
down €7,517 (-36.3%), from €20,730 to €13,213
- Profit (loss) carried forward +€4,081
up €4,081 (+35.0%), from €11,664 to €15,745
- Tax, wage and social debts -€2,782
down €2,782 (-68.8%), from €4,044 to €1,262
of which Taxes: -€1,709
- Trade debts -€1,404
down €1,404 (-18.2%), from €7,717 to €6,313
- Current portion of long-term debt -€600
down €600 (-8.0%), from €7,517 to €6,917
- Gross operating margin +€7,858
up €7,858 (+59.2%), from €13,273 to €21,131
- Financial charges +€2,538
up €2,538 (+938.4%), from €270 to €2,808
- Depreciation +€2,203
up €2,203 (+20.7%), from €10,627 to €12,830
- Other operating charges -€467
down €467 (-64.4%), from €725 to €258
- Taxes +€429
up €429 (+70.9%), from €605 to €1,035
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,673 | €49,450 | -€8,223 | -14.3% |
| Fixed assets | 21/28 | €39,556 | €28,567 | -€10,989 | -27.8% |
| Tangible fixed assets | 22/27 | €39,556 | €28,567 | -€10,989 | -27.8% |
| Plant, machinery and equipment | 23 | €1,982 | €897 | -€1,085 | -54.7% |
| Furniture and vehicles | 24 | €37,574 | €27,670 | -€9,904 | -26.4% |
| Current assets | 29/58 | €18,117 | €20,883 | +€2,766 | +15.3% |
| Stocks and contracts in progress | 3 | €12,903 | €12,903 | = | 0.0% |
| Contracts in progress | 37 | €12,903 | €12,903 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,076 | €4,935 | +€2,859 | +137.7% |
| Trade receivables | 40 | - | €3,525 | +€3,525 | |
| Other amounts receivable | 41 | €2,076 | €1,410 | -€666 | -32.1% |
| Cash at bank and in hand | 54/58 | €1,661 | €867 | -€794 | -47.8% |
| Deferred charges and accrued income | 490/1 | €1,476 | €2,178 | +€702 | +47.5% |
| Total equity and liabilities | 10/49 | €57,673 | €49,450 | -€8,223 | -14.3% |
| Equity | 10/15 | €17,664 | €21,745 | +€4,081 | +23.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,664 | €15,745 | +€4,081 | +35.0% |
| Amounts payable | 17/49 | €40,008 | €27,704 | -€12,304 | -30.8% |
| Amounts payable after more than one year | 17 | €20,730 | €13,213 | -€7,517 | -36.3% |
| Financial debts | 170/4 | €20,730 | €13,213 | -€7,517 | -36.3% |
| Amounts payable within one year | 42/48 | €19,278 | €14,491 | -€4,787 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €7,517 | €6,917 | -€600 | -8.0% |
| Trade debts | 44 | €7,717 | €6,313 | -€1,404 | -18.2% |
| Suppliers | 440/4 | €7,717 | €6,313 | -€1,404 | -18.2% |
| Taxes, remuneration and social security | 45 | €4,044 | €1,262 | -€2,782 | -68.8% |
| Taxes | 450/3 | €2,775 | €1,066 | -€1,709 | -61.6% |
| Remuneration and social security | 454/9 | €1,269 | €196 | -€1,073 | -84.6% |
| Remuneration, social security and pensions | 62 | - | €120 | +€120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,627 | €12,830 | +€2,203 | +20.7% |
| Other operating charges | 640/8 | €725 | €258 | -€467 | -64.4% |
| Gross operating margin | 9900 | €13,273 | €21,131 | +€7,858 | +59.2% |
| Operating profit (loss) | 9901 | €1,921 | €7,924 | +€6,002 | +312.4% |
| Financial charges | 65/66B | €270 | €2,808 | +€2,538 | +938.4% |
| Recurring financial charges | 65 | €270 | €2,808 | +€2,538 | +938.4% |
| Profit (loss) for the period before taxes | 9903 | €1,651 | €5,116 | +€3,465 | +209.9% |
| Income taxes | 67/77 | €605 | €1,035 | +€429 | +70.9% |
| Profit (loss) for the period | 9904 | €1,045 | €4,081 | +€3,036 | +290.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,045 | €4,081 | +€3,036 | +290.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.