Novan: 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.
Novan
Largest movements
- Tangible fixed assets -€36,526
down €36,526 (-2.7%), from €1.4m to €1.3m
of which Land and buildings: -€36,526
- Debts after one year -€32,055
down €32,055 (-5.3%), from €606,969 to €574,914
- Profit (loss) carried forward +€18,298
up €18,298 (+8.4%), from -€219,119 to -€200,821
- Gross operating margin +€10,031
up €10,031 (+23.2%), from €43,261 to €53,293
- Depreciation -€1,370
down €1,370 (-3.6%), from €37,896 to €36,526
- Financial charges -€693
down €693 (-6.1%), from €11,450 to €10,757
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 | €1,360,031 | €1,323,909 | -€36,122 | -2.7% |
| Fixed assets | 21/28 | €1,352,992 | €1,316,467 | -€36,526 | -2.7% |
| Tangible fixed assets | 22/27 | €1,352,992 | €1,316,467 | -€36,526 | -2.7% |
| Land and buildings | 22 | €1,343,466 | €1,306,941 | -€36,526 | -2.7% |
| Furniture and vehicles | 24 | €9,526 | €9,526 | = | 0.0% |
| Current assets | 29/58 | €7,039 | €7,443 | +€404 | +5.7% |
| Amounts receivable within one year | 40/41 | - | €453 | +€453 | |
| Trade receivables | 40 | - | €453 | +€453 | |
| Cash at bank and in hand | 54/58 | €6,462 | €6,318 | -€144 | -2.2% |
| Deferred charges and accrued income | 490/1 | €577 | €672 | +€95 | +16.5% |
| Total equity and liabilities | 10/49 | €1,360,031 | €1,323,909 | -€36,122 | -2.7% |
| Equity | 10/15 | €348,832 | €355,294 | +€6,462 | +1.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €506,451 | €494,615 | -€11,836 | -2.3% |
| Tax-exempt reserves | 132 | €505,603 | €493,767 | -€11,836 | -2.3% |
| Distributable reserves | 133 | €848 | €848 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€219,119 | -€200,821 | +€18,298 | +8.4% |
| Provisions and deferred taxes | 16 | €164,612 | €158,517 | -€6,095 | -3.7% |
| Deferred taxes | 168 | €164,612 | €158,517 | -€6,095 | -3.7% |
| Amounts payable | 17/49 | €846,587 | €810,098 | -€36,489 | -4.3% |
| Amounts payable after more than one year | 17 | €606,969 | €574,914 | -€32,055 | -5.3% |
| Financial debts | 170/4 | €606,969 | €574,914 | -€32,055 | -5.3% |
| Amounts payable within one year | 42/48 | €236,083 | €231,649 | -€4,434 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €31,527 | €32,055 | +€528 | +1.7% |
| Trade debts | 44 | €625 | €91 | -€535 | -85.5% |
| Suppliers | 440/4 | €625 | €91 | -€535 | -85.5% |
| Other amounts payable | 47/48 | €203,930 | €199,503 | -€4,427 | -2.2% |
| Accrued charges and deferred income | 492/3 | €3,535 | €3,535 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,896 | €36,526 | -€1,370 | -3.6% |
| Other operating charges | 640/8 | €5,331 | €5,643 | +€312 | +5.8% |
| Gross operating margin | 9900 | €43,261 | €53,293 | +€10,031 | +23.2% |
| Operating profit (loss) | 9901 | €35 | €11,124 | +€11,089 | +31984.9% |
| Financial charges | 65/66B | €11,450 | €10,757 | -€693 | -6.1% |
| Recurring financial charges | 65 | €11,450 | €10,757 | -€693 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,415 | €367 | +€11,782 | |
| Transfer from deferred taxes | 780 | €6,095 | €6,095 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€5,320 | €6,462 | +€11,782 | |
| Transfer from tax-exempt reserves | 789 | €11,836 | €11,836 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,516 | €18,298 | +€11,782 | +180.8% |
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 9 October 2026 via checked.be.