Novali: 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.
Novali
Largest movements
- Cash +€133,184
up €133,184 (+678%), from €19,636 to €152,820
mainly Contributions, distributions and other (+€138,860) and Receivables within one year (+€2,086)
- Receivables within one year -€2,086
down €2,086 (-16.5%), from €12,629 to €10,543
of which Other amounts receivable: -€2,086
- Investment grants +€138,860
new in 2025: €138,860
- Profit (loss) carried forward -€6,969
down €6,969 (-6.0%), from -€115,789 to -€122,758
- Financial income +€124,118
new in 2025: €124,118
- Gross operating margin -€73,193
down €73,193 (-127%), from -€57,424 to -€130,617
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 | €32,265 | €163,623 | +€131,359 | +407% |
| Current assets | 29/58 | €32,265 | €163,623 | +€131,359 | +407% |
| Amounts receivable within one year | 40/41 | €12,629 | €10,543 | -€2,086 | -16.5% |
| Trade receivables | 40 | €1,660 | €1,660 | = | 0.0% |
| Other amounts receivable | 41 | €10,969 | €8,883 | -€2,086 | -19.0% |
| Cash at bank and in hand | 54/58 | €19,636 | €152,820 | +€133,184 | +678% |
| Deferred charges and accrued income | 490/1 | - | €260 | +€260 | |
| Total equity and liabilities | 10/49 | €32,265 | €163,623 | +€131,359 | +407% |
| Equity | 10/15 | €31,621 | €163,513 | +€131,892 | +417% |
| Contributions | 10/11 | €147,410 | €147,410 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€115,789 | -€122,758 | -€6,969 | -6.0% |
| Investment grants | 15 | - | €138,860 | +€138,860 | |
| Amounts payable | 17/49 | €643 | €110 | -€533 | -82.8% |
| Amounts payable within one year | 42/48 | €643 | €110 | -€533 | -82.8% |
| Trade debts | 44 | €643 | €110 | -€533 | -82.8% |
| Suppliers | 440/4 | €643 | €110 | -€533 | -82.8% |
| Non-recurring operating income | 76A | €15,000 | - | -€15,000 | |
| Other operating charges | 640/8 | - | €393 | +€393 | |
| Gross operating margin | 9900 | -€57,424 | -€130,617 | -€73,193 | -127% |
| Operating profit (loss) | 9901 | -€57,424 | -€131,010 | -€73,586 | -128% |
| Financial income | 75/76B | - | €124,118 | +€124,118 | |
| Recurring financial income | 75 | - | €124,118 | +€124,118 | |
| Financial charges | 65/66B | €37 | €76 | +€39 | +107% |
| Recurring financial charges | 65 | €37 | €76 | +€39 | +107% |
| Profit (loss) for the period before taxes | 9903 | -€57,461 | -€6,969 | +€50,492 | +87.9% |
| Profit (loss) for the period | 9904 | -€57,461 | -€6,969 | +€50,492 | +87.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,461 | -€6,969 | +€50,492 | +87.9% |
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 16 October 2026 via checked.be.