NOVALIS AVOCATS: 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 AVOCATS
Largest movements
- Cash -€585,544
down €585,544 (-84.0%), from €696,889 to €111,345
mainly Other debts (-€286,232) and Tax, wage and social debts (-€152,301)
- Receivables within one year +€65,526
up €65,526 (+32.6%), from €200,743 to €266,269
of which Other amounts receivable: +€39,874
- Tangible fixed assets -€12,346
down €12,346 (-43.2%), from €28,551 to €16,205
of which Furniture and vehicles: -€11,086
- Other debts -€286,232
down €286,232 (-84.2%), from €339,855 to €53,623
- Tax, wage and social debts -€152,301
down €152,301 (-89.2%), from €170,706 to €18,405
of which Remuneration and social security: -€83,975
- Short-term financial debts -€125,000
no longer reported in 2025 (was €125,000)
- Reserves +€25,898
up €25,898 (+10.7%), from €241,080 to €266,978
of which Distributable reserves: +€25,898
- Gross operating margin -€144,301
down €144,301 (-43.1%), from €334,771 to €190,469
- Staff costs +€31,529
up €31,529 (+36.7%), from €86,011 to €117,541
- Financial charges -€9,782
down €9,782 (-76.1%), from €12,860 to €3,078
- Depreciation -€9,332
down €9,332 (-33.3%), from €28,030 to €18,698
- Taxes +€3,674
up €3,674 (+42.8%), from €8,587 to €12,261
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 | €1,006,941 | €477,062 | -€529,879 | -52.6% |
| Fixed assets | 21/28 | €29,200 | €16,655 | -€12,545 | -43.0% |
| Intangible fixed assets | 21 | €199 | - | -€199 | |
| Tangible fixed assets | 22/27 | €28,551 | €16,205 | -€12,346 | -43.2% |
| Plant, machinery and equipment | 23 | €2,117 | €1,016 | -€1,101 | -52.0% |
| Furniture and vehicles | 24 | €25,514 | €14,429 | -€11,086 | -43.4% |
| Other tangible fixed assets | 26 | €920 | €760 | -€160 | -17.4% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €977,741 | €460,407 | -€517,334 | -52.9% |
| Amounts receivable within one year | 40/41 | €200,743 | €266,269 | +€65,526 | +32.6% |
| Trade receivables | 40 | €195,559 | €221,212 | +€25,652 | +13.1% |
| Other amounts receivable | 41 | €5,184 | €45,057 | +€39,874 | +769% |
| Current investments | 50/53 | €65,210 | €65,210 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €696,889 | €111,345 | -€585,544 | -84.0% |
| Deferred charges and accrued income | 490/1 | €14,899 | €17,584 | +€2,685 | +18.0% |
| Total equity and liabilities | 10/49 | €1,006,941 | €477,062 | -€529,879 | -52.6% |
| Equity | 10/15 | €262,080 | €287,978 | +€25,898 | +9.9% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €241,080 | €266,978 | +€25,898 | +10.7% |
| Non-distributable reserves | 130/1 | €65,210 | €65,210 | = | 0.0% |
| Own shares acquired | 1312 | €65,210 | €65,210 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,750 | €93,750 | = | 0.0% |
| Distributable reserves | 133 | €82,120 | €108,018 | +€25,898 | +31.5% |
| Amounts payable | 17/49 | €744,861 | €189,084 | -€555,777 | -74.6% |
| Amounts payable within one year | 42/48 | €743,016 | €179,335 | -€563,681 | -75.9% |
| Current portion of amounts payable after more than one year | 42 | €3,794 | - | -€3,794 | |
| Financial debts | 43 | €125,000 | - | -€125,000 | |
| Credit institutions | 430/8 | €125,000 | - | -€125,000 | |
| Trade debts | 44 | €103,661 | €103,072 | -€589 | -0.6% |
| Suppliers | 440/4 | €103,661 | €103,072 | -€589 | -0.6% |
| Advances received on contracts in progress | 46 | - | €4,235 | +€4,235 | |
| Taxes, remuneration and social security | 45 | €170,706 | €18,405 | -€152,301 | -89.2% |
| Taxes | 450/3 | €80,587 | €12,261 | -€68,326 | -84.8% |
| Remuneration and social security | 454/9 | €90,118 | €6,144 | -€83,975 | -93.2% |
| Other amounts payable | 47/48 | €339,855 | €53,623 | -€286,232 | -84.2% |
| Accrued charges and deferred income | 492/3 | €1,845 | €9,749 | +€7,904 | +428% |
| Non-recurring operating income | 76A | - | €1,938 | +€1,938 | |
| Remuneration, social security and pensions | 62 | €86,011 | €117,541 | +€31,529 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,030 | €18,698 | -€9,332 | -33.3% |
| Other operating charges | 640/8 | €11,279 | €11,630 | +€352 | +3.1% |
| Non-recurring operating charges | 66A | - | €1,364 | +€1,364 | |
| Gross operating margin | 9900 | €334,771 | €190,469 | -€144,301 | -43.1% |
| Operating profit (loss) | 9901 | €209,450 | €41,235 | -€168,215 | -80.3% |
| Financial income | 75/76B | €6 | €2 | -€4 | -66.2% |
| Recurring financial income | 75 | €6 | €2 | -€4 | -66.2% |
| Financial charges | 65/66B | €12,860 | €3,078 | -€9,782 | -76.1% |
| Recurring financial charges | 65 | €12,860 | €3,078 | -€9,782 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | €196,596 | €38,159 | -€158,437 | -80.6% |
| Income taxes | 67/77 | €8,587 | €12,261 | +€3,674 | +42.8% |
| Profit (loss) for the period | 9904 | €188,009 | €25,898 | -€162,111 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €188,009 | €25,898 | -€162,111 | -86.2% |
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 31 October 2026 via checked.be.