NOVALTIS: what changed
NOVALTIS
Largest movements
- Receivables within one year -€11,928
down €11,928 (-36.5%), from €32,689 to €20,761
of which Other amounts receivable: -€7,525
- Tangible fixed assets -€8,515
down €8,515 (-11.3%), from €75,640 to €67,125
of which Furniture and vehicles: -€10,859
- Cash -€1,848
down €1,848 (-28.0%), from €6,594 to €4,746
mainly Current portion of long-term debt (-€15,256) and Debts after one year (-€14,462)
- Deferred charges and accrued income +€1,509
new in 2025: €1,509
- Financial fixed assets +€1,460
new in 2025: €1,460
- Current portion of long-term debt -€15,256
down €15,256 (-51.3%), from €29,718 to €14,462
- Debts after one year -€14,462
down €14,462 (-23.6%), from €61,274 to €46,813
- Profit (loss) carried forward +€7,062
up €7,062 (+63.7%), from €11,092 to €18,154
- Tax, wage and social debts +€3,085
up €3,085 (+40.9%), from €7,534 to €10,619
of which Taxes: +€6,491
- Depreciation +€14,459
up €14,459 (+908%), from €1,592 to €16,051
- Gross operating margin +€12,994
up €12,994 (+81.8%), from €15,884 to €28,877
- Financial charges +€3,062
up €3,062 (+1,199%), from €255 to €3,317
- Taxes -€621
down €621 (-21.2%), from €2,932 to €2,311
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,923 | €95,600 | -€19,323 | -16.8% |
| Fixed assets | 21/28 | €75,640 | €68,585 | -€7,055 | -9.3% |
| Tangible fixed assets | 22/27 | €75,640 | €67,125 | -€8,515 | -11.3% |
| Plant, machinery and equipment | 23 | - | €2,344 | +€2,344 | |
| Furniture and vehicles | 24 | €75,640 | €64,781 | -€10,859 | -14.4% |
| Financial fixed assets | 28 | - | €1,460 | +€1,460 | |
| Current assets | 29/58 | €39,283 | €27,016 | -€12,267 | -31.2% |
| Amounts receivable within one year | 40/41 | €32,689 | €20,761 | -€11,928 | -36.5% |
| Trade receivables | 40 | €25,164 | €20,761 | -€4,403 | -17.5% |
| Other amounts receivable | 41 | €7,525 | - | -€7,525 | |
| Cash at bank and in hand | 54/58 | €6,594 | €4,746 | -€1,848 | -28.0% |
| Deferred charges and accrued income | 490/1 | - | €1,509 | +€1,509 | |
| Total equity and liabilities | 10/49 | €114,923 | €95,600 | -€19,323 | -16.8% |
| Equity | 10/15 | €14,092 | €21,154 | +€7,062 | +50.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,092 | €18,154 | +€7,062 | +63.7% |
| Amounts payable | 17/49 | €100,831 | €74,446 | -€26,385 | -26.2% |
| Amounts payable after more than one year | 17 | €61,274 | €46,813 | -€14,462 | -23.6% |
| Financial debts | 170/4 | €61,274 | €46,813 | -€14,462 | -23.6% |
| Amounts payable within one year | 42/48 | €39,556 | €27,634 | -€11,923 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €29,718 | €14,462 | -€15,256 | -51.3% |
| Trade debts | 44 | €1,831 | €2,236 | +€405 | +22.1% |
| Suppliers | 440/4 | €1,831 | €2,236 | +€405 | +22.1% |
| Taxes, remuneration and social security | 45 | €7,534 | €10,619 | +€3,085 | +40.9% |
| Taxes | 450/3 | €4,128 | €10,619 | +€6,491 | +157% |
| Remuneration and social security | 454/9 | €3,406 | - | -€3,406 | |
| Other amounts payable | 47/48 | €474 | €317 | -€157 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,592 | €16,051 | +€14,459 | +908% |
| Other operating charges | 640/8 | €12 | €136 | +€124 | +1,000% |
| Gross operating margin | 9900 | €15,884 | €28,877 | +€12,994 | +81.8% |
| Operating profit (loss) | 9901 | €14,279 | €12,690 | -€1,589 | -11.1% |
| Financial charges | 65/66B | €255 | €3,317 | +€3,062 | +1,199% |
| Recurring financial charges | 65 | €255 | €3,317 | +€3,062 | +1,199% |
| Profit (loss) for the period before taxes | 9903 | €14,024 | €9,373 | -€4,651 | -33.2% |
| Income taxes | 67/77 | €2,932 | €2,311 | -€621 | -21.2% |
| Profit (loss) for the period | 9904 | €11,092 | €7,062 | -€4,030 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,092 | €7,062 | -€4,030 | -36.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.