NOVALON: 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.
What changed
NOVALON
NACE 21.209, Manufacture of basic pharmaceutical products and pharmaceutical preparations
financial year 2022 compared with 2021filed annual accounts (NBB)
Net result for the year
-€28.1m
2021 · -€32.7m+€4.6m
Equity
€9.2m
2021 · -€76.7m+€85.9m
Cash
€18,495
2021 · €3.0m-€3.0m
Balance sheet total
€36.6m
2021 · €36.1m+€526,653
Largest movements
Assets
- Receivables within one year +€4.9m
up €4.9m (+296%), from €1.7m to €6.6m
of which Trade receivables: +€3.0m
- Cash -€3.0m
down €3.0m (-99.4%), from €3.0m to €18,495
mainly Other debts (-€94.3m) and Net result for the year (-€28.1m)
- Intangible fixed assets -€1.0m
down €1.0m (-4.2%), from €24.6m to €23.6m
Equity and liabilities
- Other debts -€94.3m
down €94.3m (-99.9%), from €94.4m to €97,303
- Profit (loss) carried forward +€57.5m
up €57.5m (+67.2%), from -€85.6m to -€28.1m
- Contributions +€28.5m
up €28.5m (+396%), from €7.2m to €35.6m
of which Capital: +€28.5m
- Trade debts +€8.9m
up €8.9m (+90.1%), from €9.8m to €18.7m
- Debts after one year -€2.0m
down €2.0m (-50.0%), from €4.0m to €2.0m
Income statement
- Turnover +€10.1m
up €10.1m (+246%), from €4.1m to €14.2m
- Financial charges +€6.2m
up €6.2m (+346%), from €1.8m to €8.0m
- Services and other goods +€5.1m
up €5.1m (+24.0%), from €21.2m to €26.3m
- Goods and materials +€3.0m
up €3.0m (+73.1%), from €4.2m to €7.2m
of which Purchases: +€5.2m
- Depreciation +€2.1m
up €2.1m (+82.9%), from €2.5m to €4.5m
From the 2021 result to the 2022 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.
Result 2021
-€32.7m
Turnover
+€10.1m
Other operating income
+€169,406
Goods and materials
-€3.0m
Services and other goods
-€5.1m
Staff costs
-€25,969
Depreciation
-€2.1m
Write-downs
-€226,237
Other operating charges
-€33,642
Other operating items
+€10.7m
Financial income
+€148,757
Financial charges
-€6.2m
Taxes
+€67,490
Result 2022
-€28.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€113.6m
Investment
-€3.4m
Financing
+€114.0m
Cash 2021
€3.0m
From operations (derived)
-€113.6m
Net result for the year
-€28.1m
Depreciation
+€4.5m
Smaller working-capital items
+€394,758
Receivables within one year
-€4.9m
Trade debts
+€8.9m
Other debts
-€94.3m
Investment (derived)
-€3.4m
Investment in fixed assets (net)
-€3.4m
Financing
+€114.0m
Debts after one year
-€2.0m
Current portion of long-term debt
+€2.0m
Contributions, distributions and other
+€114.0m
Cash 2022
€18,495
brings cash intakes cash out
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,057,384 | €36,584,037 | +€526,653 | +1.5% |
| Fixed assets | 21/28 | €24,717,809 | €23,639,258 | -€1.1m | -4.4% |
| Intangible fixed assets | 21 | €24,596,200 | €23,574,963 | -€1.0m | -4.2% |
| Tangible fixed assets | 22/27 | €121,518 | €64,204 | -€57,314 | -47.2% |
| Plant, machinery and equipment | 23 | €121,518 | €64,204 | -€57,314 | -47.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Other financial fixed assets | 284/8 | €91 | €91 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €11,339,575 | €12,944,779 | +€1.6m | +14.2% |
| Amounts receivable after more than one year | 29 | €578,346 | €496,965 | -€81,381 | -14.1% |
| Other amounts receivable | 291 | €578,346 | €496,965 | -€81,381 | -14.1% |
| Stocks and contracts in progress | 3 | €6,084,325 | €5,830,376 | -€253,949 | -4.2% |
| Stocks | 30/36 | €6,084,325 | €5,830,376 | -€253,949 | -4.2% |
| Raw materials and consumables | 30/31 | €3,467,560 | €4,160,750 | +€693,190 | +20.0% |
| Work in progress | 32 | €1,199,624 | €530,102 | -€669,522 | -55.8% |
| Goods purchased for resale | 34 | €1,417,141 | €1,139,524 | -€277,617 | -19.6% |
| Amounts receivable within one year | 40/41 | €1,666,255 | €6,598,943 | +€4.9m | +296% |
| Trade receivables | 40 | €1,662,895 | €4,701,734 | +€3.0m | +183% |
| Other amounts receivable | 41 | €3,360 | €1,897,209 | +€1.9m | +56,365% |
| Cash at bank and in hand | 54/58 | €3,010,649 | €18,495 | -€3.0m | -99.4% |
| Total equity and liabilities | 10/49 | €36,057,384 | €36,584,037 | +€526,653 | +1.5% |
| Equity | 10/15 | -€76,706,151 | €9,221,509 | +€85.9m | |
| Contributions | 10/11 | €7,176,493 | €35,627,829 | +€28.5m | +396% |
| Capital | 10 | €6,497,804 | €34,949,140 | +€28.5m | +438% |
| Issued capital | 100 | €6,497,804 | €34,949,140 | +€28.5m | +438% |
| Contributions outside capital | 11 | €678,689 | €678,689 | = | 0.0% |
| Share premium | 1100/10 | €678,689 | €678,689 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,570,398 | -€28,094,074 | +€57.5m | +67.2% |
| Investment grants | 15 | €1,681,604 | €1,681,604 | = | 0.0% |
| Amounts payable | 17/49 | €112,763,535 | €27,362,528 | -€85.4m | -75.7% |
| Amounts payable after more than one year | 17 | €4,000,000 | €2,000,000 | -€2.0m | -50.0% |
| Other amounts payable | 178/9 | €4,000,000 | €2,000,000 | -€2.0m | -50.0% |
| Amounts payable within one year | 42/48 | €108,763,535 | €25,362,528 | -€83.4m | -76.7% |
| Current portion of amounts payable after more than one year | 42 | €4,504,595 | €6,500,000 | +€2.0m | +44.3% |
| Trade debts | 44 | €9,827,397 | €18,679,588 | +€8.9m | +90.1% |
| Suppliers | 440/4 | €9,827,397 | €18,679,588 | +€8.9m | +90.1% |
| Taxes, remuneration and social security | 45 | €26,209 | €85,637 | +€59,428 | +227% |
| Taxes | 450/3 | €2,876 | €7,232 | +€4,356 | +151% |
| Remuneration and social security | 454/9 | €23,333 | €78,405 | +€55,072 | +236% |
| Other amounts payable | 47/48 | €94,405,334 | €97,303 | -€94.3m | -99.9% |
| Operating income | 70/76A | €5,907,257 | €18,408,575 | +€12.5m | +212% |
| Turnover | 70 | €4,104,812 | €14,215,303 | +€10.1m | +246% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €184,103 | -€390,095 | -€574,198 | |
| Own construction capitalised | 72 | €1,348,426 | €3,448,765 | +€2.1m | +156% |
| Other operating income | 74 | €269,916 | €439,322 | +€169,406 | +62.8% |
| Non-recurring operating income | 76A | - | €695,280 | +€695,280 | |
| Operating charges | 60/66A | €36,883,150 | €38,856,581 | +€2.0m | +5.4% |
| Goods for resale, raw materials and consumables | 60 | €4,165,078 | €7,209,311 | +€3.0m | +73.1% |
| Purchases | 600/8 | €2,482,250 | €7,643,683 | +€5.2m | +208% |
| Change in stocks: decrease (increase) | 609 | €1,682,828 | -€434,372 | -€2.1m | |
| Services and other goods | 61 | €21,177,138 | €26,268,870 | +€5.1m | +24.0% |
| Remuneration, social security and pensions | 62 | €380,929 | €406,898 | +€25,969 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,475,698 | €4,527,316 | +€2.1m | +82.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €71,990 | €298,227 | +€226,237 | +314% |
| Other operating charges | 640/8 | €112,317 | €145,959 | +€33,642 | +30.0% |
| Non-recurring operating charges | 66A | €8,500,000 | - | -€8.5m | |
| Operating profit (loss) | 9901 | -€30,975,893 | -€20,448,006 | +€10.5m | +34.0% |
| Financial income | 75/76B | €74,535 | €223,292 | +€148,757 | +200% |
| Recurring financial income | 75 | €74,535 | €223,292 | +€148,757 | +200% |
| Other financial income | 752/9 | €74,535 | €223,292 | +€148,757 | +200% |
| Financial charges | 65/66B | €1,787,022 | €7,969,801 | +€6.2m | +346% |
| Recurring financial charges | 65 | €1,787,022 | €7,969,801 | +€6.2m | +346% |
| Debt charges | 650 | €1,752,073 | €7,767,663 | +€6.0m | +343% |
| Other financial charges | 652/9 | €34,949 | €202,138 | +€167,189 | +478% |
| Profit (loss) for the period before taxes | 9903 | -€32,688,380 | -€28,194,515 | +€4.5m | +13.7% |
| Income taxes | 67/77 | -€32,951 | -€100,441 | -€67,490 | -205% |
| Taxes | 670/3 | €12,558 | €845 | -€11,713 | -93.3% |
| Tax adjustments and reversals of tax provisions | 77 | €45,509 | €101,286 | +€55,777 | +123% |
| Profit (loss) for the period | 9904 | -€32,655,429 | -€28,094,074 | +€4.6m | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,655,429 | -€28,094,074 | +€4.6m | +14.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.