Novalis: 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.
Novalis
Largest movements
- Receivables within one year -€384,070
down €384,070 (-31.8%), from €1.2m to €824,426
- Receivables after one year -€93,563
down €93,563 (-100.0%), from €93,563 to €0
- Other debts -€512,500
down €512,500 (-50.6%), from €1.0m to €500,000
- Trade debts -€101,544
down €101,544 (-98.1%), from €103,505 to €1,962
- Short-term financial debts +€98,138
up €98,138 (+98.1%), from €100,000 to €198,138
- Financial income -€1.3m
down €1.3m (-83.2%), from €1.5m to €253,199
- Financial charges -€182,933
down €182,933 (-93.4%), from €195,811 to €12,878
- Gross operating margin -€29,590
down €29,590 (-16.7%), from -€177,038 to -€206,628
- Other operating charges -€5,015
down €5,015 (-81.4%), from €6,158 to €1,143
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.
Cash bridge derived
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 | €3,982,667 | €3,498,889 | -€483,778 | -12.1% |
| Fixed assets | 21/28 | €2,657,787 | €2,656,787 | -€1,000 | 0.0% |
| Financial fixed assets | 28 | €2,657,787 | €2,656,787 | -€1,000 | 0.0% |
| Current assets | 29/58 | €1,324,880 | €842,102 | -€482,778 | -36.4% |
| Amounts receivable after more than one year | 29 | €93,563 | €0 | -€93,563 | -100.0% |
| Other amounts receivable | 291 | €93,563 | €0 | -€93,563 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,208,497 | €824,426 | -€384,070 | -31.8% |
| Other amounts receivable | 41 | €1,208,497 | €824,426 | -€384,070 | -31.8% |
| Cash at bank and in hand | 54/58 | €9,239 | €2,007 | -€7,232 | -78.3% |
| Deferred charges and accrued income | 490/1 | €13,580 | €15,668 | +€2,088 | +15.4% |
| Total equity and liabilities | 10/49 | €3,982,667 | €3,498,889 | -€483,778 | -12.1% |
| Equity | 10/15 | €2,766,083 | €2,798,633 | +€32,550 | +1.2% |
| Contributions | 10/11 | €2,443,300 | €2,443,300 | = | 0.0% |
| Capital | 10 | €2,440,300 | €2,440,300 | = | 0.0% |
| Issued capital | 100 | €3,037,500 | €3,037,500 | = | 0.0% |
| Uncalled capital | 101 | €597,200 | €597,200 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Share premium | 1100/10 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €0 | - | = | |
| Reserves | 13 | - | €17,767 | +€17,767 | |
| Non-distributable reserves | 130/1 | - | €17,767 | +€17,767 | |
| Legal reserve | 130 | - | €17,767 | +€17,767 | |
| Profit (loss) carried forward | 14 | €322,783 | €337,567 | +€14,784 | +4.6% |
| Amounts payable | 17/49 | €1,216,583 | €700,255 | -€516,328 | -42.4% |
| Amounts payable within one year | 42/48 | €1,216,048 | €700,099 | -€515,948 | -42.4% |
| Financial debts | 43 | €100,000 | €198,138 | +€98,138 | +98.1% |
| Credit institutions | 430/8 | €100,000 | €198,138 | +€98,138 | +98.1% |
| Trade debts | 44 | €103,505 | €1,962 | -€101,544 | -98.1% |
| Suppliers | 440/4 | €103,505 | €1,962 | -€101,544 | -98.1% |
| Taxes, remuneration and social security | 45 | €42 | €0 | -€42 | -100.0% |
| Taxes | 450/3 | €42 | €0 | -€42 | -100.0% |
| Other amounts payable | 47/48 | €1,012,500 | €500,000 | -€512,500 | -50.6% |
| Accrued charges and deferred income | 492/3 | €536 | €156 | -€380 | -70.9% |
| Other operating charges | 640/8 | €6,158 | €1,143 | -€5,015 | -81.4% |
| Gross operating margin | 9900 | -€177,038 | -€206,628 | -€29,590 | -16.7% |
| Operating profit (loss) | 9901 | -€183,196 | -€207,771 | -€24,574 | -13.4% |
| Financial income | 75/76B | €1,510,601 | €253,199 | -€1.3m | -83.2% |
| Recurring financial income | 75 | €1,510,601 | €253,199 | -€1.3m | -83.2% |
| Financial charges | 65/66B | €195,811 | €12,878 | -€182,933 | -93.4% |
| Recurring financial charges | 65 | €195,811 | €12,878 | -€182,933 | -93.4% |
| Profit (loss) for the period before taxes | 9903 | €1,131,594 | €32,550 | -€1.1m | -97.1% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | €1,131,594 | €32,550 | -€1.1m | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,131,594 | €32,550 | -€1.1m | -97.1% |
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 10 October 2026 via checked.be.