NOVAN: what changed
Two fiscal 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 -€42,997
down €42,997 (-32.1%), from €133,953 to €90,957
of which Furniture and vehicles: -€39,831
- Cash +€10,326
up €10,326 (+4.7%), from €219,629 to €229,955
mainly Depreciation (+€42,997) and Net result for the year (+€6,823)
- Receivables within one year +€7,822
up €7,822 (+26.8%), from €29,147 to €36,969
of which Trade receivables: +€4,197
- Debts after one year -€22,048
down €22,048 (-33.9%), from €65,031 to €42,983
- Reserves +€6,823
up €6,823 (+7.0%), from €97,762 to €104,585
- Current portion of long-term debt -€4,512
down €4,512 (-17.0%), from €26,559 to €22,048
- Staff costs -€47,585
down €47,585 (-64.0%), from €74,401 to €26,816
- Gross operating margin -€45,755
down €45,755 (-33.8%), from €135,395 to €89,640
- Other operating charges -€7,208
down €7,208 (-36.2%), from €19,899 to €12,692
- Write-downs +€6,582
up €6,582 (+36.2%), from -€18,191 to -€11,610
- Depreciation +€2,754
up €2,754 (+6.8%), from €40,242 to €42,997
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 | €385,857 | €363,889 | -€21,968 | -5.7% |
| Fixed assets | 21/28 | €133,953 | €90,957 | -€42,997 | -32.1% |
| Tangible fixed assets | 22/27 | €133,953 | €90,957 | -€42,997 | -32.1% |
| Land and buildings | 22 | €10,654 | €9,440 | -€1,214 | -11.4% |
| Plant, machinery and equipment | 23 | €3,797 | €1,846 | -€1,951 | -51.4% |
| Furniture and vehicles | 24 | €119,502 | €79,670 | -€39,831 | -33.3% |
| Current assets | 29/58 | €251,904 | €272,932 | +€21,028 | +8.3% |
| Amounts receivable within one year | 40/41 | €29,147 | €36,969 | +€7,822 | +26.8% |
| Trade receivables | 40 | €17,507 | €21,704 | +€4,197 | +24.0% |
| Other amounts receivable | 41 | €11,640 | €15,265 | +€3,625 | +31.1% |
| Cash at bank and in hand | 54/58 | €219,629 | €229,955 | +€10,326 | +4.7% |
| Deferred charges and accrued income | 490/1 | €3,127 | €6,007 | +€2,880 | +92.1% |
| Total equity and liabilities | 10/49 | €385,857 | €363,889 | -€21,968 | -5.7% |
| Equity | 10/15 | €201,871 | €208,694 | +€6,823 | +3.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €97,762 | €104,585 | +€6,823 | +7.0% |
| Distributable reserves | 133 | €97,762 | €104,585 | +€6,823 | +7.0% |
| Profit (loss) carried forward | 14 | €85,516 | €85,516 | = | 0.0% |
| Amounts payable | 17/49 | €183,986 | €155,195 | -€28,791 | -15.6% |
| Amounts payable after more than one year | 17 | €65,031 | €42,983 | -€22,048 | -33.9% |
| Financial debts | 170/4 | €65,031 | €42,983 | -€22,048 | -33.9% |
| Amounts payable within one year | 42/48 | €118,849 | €112,116 | -€6,733 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €26,559 | €22,048 | -€4,512 | -17.0% |
| Trade debts | 44 | €4,524 | €3,337 | -€1,186 | -26.2% |
| Suppliers | 440/4 | €4,524 | €3,337 | -€1,186 | -26.2% |
| Taxes, remuneration and social security | 45 | €5,572 | €2,997 | -€2,575 | -46.2% |
| Taxes | 450/3 | €4,775 | €2,997 | -€1,778 | -37.2% |
| Remuneration and social security | 454/9 | €797 | €0 | -€797 | -100.0% |
| Other amounts payable | 47/48 | €82,194 | €83,734 | +€1,541 | +1.9% |
| Accrued charges and deferred income | 492/3 | €106 | €96 | -€11 | -9.9% |
| Non-recurring operating income | 76A | €16,942 | €0 | -€16,942 | -100.0% |
| Remuneration, social security and pensions | 62 | €74,401 | €26,816 | -€47,585 | -64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,242 | €42,997 | +€2,754 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€18,191 | -€11,610 | +€6,582 | +36.2% |
| Other operating charges | 640/8 | €19,899 | €12,692 | -€7,208 | -36.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €135,395 | €89,640 | -€45,755 | -33.8% |
| Operating profit (loss) | 9901 | €19,044 | €18,747 | -€298 | -1.6% |
| Financial income | 75/76B | €1,132 | €1,033 | -€98 | -8.7% |
| Recurring financial income | 75 | €1,132 | €1,033 | -€98 | -8.7% |
| Financial charges | 65/66B | €9,931 | €9,525 | -€407 | -4.1% |
| Recurring financial charges | 65 | €9,931 | €9,525 | -€407 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €10,245 | €10,255 | +€11 | +0.1% |
| Income taxes | 67/77 | €3,105 | €3,432 | +€328 | +10.6% |
| Profit (loss) for the period | 9904 | €7,140 | €6,823 | -€317 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,140 | €6,823 | -€317 | -4.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.