Novalis AI: 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 AI
Largest movements
- Cash +€56,331
up €56,331 (+14.0%), from €402,304 to €458,635
mainly Receivables within one year (+€25,168) and Net result for the year (+€20,574)
- Receivables within one year -€25,168
down €25,168 (-46.2%), from €54,448 to €29,281
of which Trade receivables: -€16,754
- Tangible fixed assets -€11,209
down €11,209 (-39.9%), from €28,095 to €16,886
of which Land and buildings: -€6,442
- Profit (loss) carried forward +€20,574
up €20,574 (+4.9%), from €419,064 to €439,638
- Tax, wage and social debts +€9,113
up €9,113 (+5,191%), from €176 to €9,289
- Debts after one year -€6,893
down €6,893 (-81.8%), from €8,432 to €1,539
- Trade debts -€6,298
down €6,298 (-65.4%), from €9,637 to €3,339
- Gross operating margin +€12,589
up €12,589 (+35.5%), from €35,429 to €48,017
- Depreciation -€7,586
down €7,586 (-40.4%), from €18,795 to €11,209
- Taxes +€5,595
up €5,595 (+358%), from €1,562 to €7,156
- Write-downs +€1,351
up €1,351 (+50.0%), from €2,703 to €4,054
- Other operating charges -€896
down €896 (-17.3%), from €5,173 to €4,278
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 | €488,909 | €507,267 | +€18,358 | +3.8% |
| Fixed assets | 21/28 | €28,259 | €17,050 | -€11,209 | -39.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €28,095 | €16,886 | -€11,209 | -39.9% |
| Land and buildings | 22 | €17,093 | €10,651 | -€6,442 | -37.7% |
| Furniture and vehicles | 24 | €11,002 | €6,235 | -€4,767 | -43.3% |
| Financial fixed assets | 28 | €164 | €164 | = | 0.0% |
| Current assets | 29/58 | €460,650 | €490,217 | +€29,566 | +6.4% |
| Amounts receivable within one year | 40/41 | €54,448 | €29,281 | -€25,168 | -46.2% |
| Trade receivables | 40 | €46,001 | €29,246 | -€16,754 | -36.4% |
| Other amounts receivable | 41 | €8,448 | €34 | -€8,413 | -99.6% |
| Cash at bank and in hand | 54/58 | €402,304 | €458,635 | +€56,331 | +14.0% |
| Deferred charges and accrued income | 490/1 | €3,898 | €2,301 | -€1,597 | -41.0% |
| Total equity and liabilities | 10/49 | €488,909 | €507,267 | +€18,358 | +3.8% |
| Equity | 10/15 | €458,274 | €478,848 | +€20,574 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €419,064 | €439,638 | +€20,574 | +4.9% |
| Amounts payable | 17/49 | €30,635 | €28,419 | -€2,216 | -7.2% |
| Amounts payable after more than one year | 17 | €8,432 | €1,539 | -€6,893 | -81.8% |
| Financial debts | 170/4 | €8,432 | €1,539 | -€6,893 | -81.8% |
| Amounts payable within one year | 42/48 | €19,246 | €23,830 | +€4,584 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €9,033 | €6,893 | -€2,139 | -23.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €9,637 | €3,339 | -€6,298 | -65.4% |
| Suppliers | 440/4 | €9,637 | €3,339 | -€6,298 | -65.4% |
| Taxes, remuneration and social security | 45 | €176 | €9,289 | +€9,113 | +5,191% |
| Taxes | 450/3 | €176 | €9,289 | +€9,113 | +5,191% |
| Other amounts payable | 47/48 | €401 | €4,310 | +€3,909 | +974% |
| Accrued charges and deferred income | 492/3 | €2,957 | €3,050 | +€93 | +3.1% |
| Non-recurring operating income | 76A | €58,070 | €0 | -€58,070 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,795 | €11,209 | -€7,586 | -40.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,703 | €4,054 | +€1,351 | +50.0% |
| Other operating charges | 640/8 | €5,173 | €4,278 | -€896 | -17.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €35,429 | €48,017 | +€12,589 | +35.5% |
| Operating profit (loss) | 9901 | €8,758 | €28,477 | +€19,719 | +225% |
| Financial charges | 65/66B | €929 | €746 | -€182 | -19.6% |
| Recurring financial charges | 65 | €929 | €746 | -€182 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €7,829 | €27,730 | +€19,901 | +254% |
| Income taxes | 67/77 | €1,562 | €7,156 | +€5,595 | +358% |
| Profit (loss) for the period | 9904 | €6,267 | €20,574 | +€14,306 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €6,267 | €20,574 | +€14,306 | +228% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.