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 -€65,472
down €65,472 (-5.9%), from €1.1m to €1.1m
of which Furniture and vehicles: -€35,300
- Receivables within one year -€26,580
down €26,580 (-33.3%), from €79,781 to €53,201
of which Trade receivables: -€13,564
- Deferred charges and accrued income +€17,638
up €17,638 (+401.4%), from €4,394 to €22,032
- Contributions +€522,000
up €522,000 (+160.7%), from €324,800 to €846,800
- Debts after one year -€450,832
down €450,832 (-33.5%), from €1.3m to €895,083
of which Other amounts payable: -€420,417
- Profit (loss) carried forward -€166,624
down €166,624 (-37.9%), from -€439,639 to -€606,263
- Tax, wage and social debts +€19,926
up €19,926 (+8823.5%), from €226 to €20,152
- Gross operating margin +€68,503
up €68,503 (+60.9%), from -€112,437 to -€43,934
- Other operating charges +€27,749
up €27,749 (+252.6%), from €10,986 to €38,736
- Financial charges +€4,777
up €4,777 (+34.6%), from €13,815 to €18,592
of which Financial charges: +€8,080
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 | €1,347,607 | €1,271,334 | -€76,273 | -5.7% |
| Fixed assets | 21/28 | €1,115,730 | €1,050,259 | -€65,472 | -5.9% |
| Tangible fixed assets | 22/27 | €1,115,730 | €1,050,259 | -€65,472 | -5.9% |
| Land and buildings | 22 | €971,108 | €941,340 | -€29,768 | -3.1% |
| Plant, machinery and equipment | 23 | €480 | €76 | -€404 | -84.1% |
| Furniture and vehicles | 24 | €144,142 | €108,842 | -€35,300 | -24.5% |
| Current assets | 29/58 | €231,876 | €221,075 | -€10,801 | -4.7% |
| Stocks and contracts in progress | 3 | €138,831 | €138,306 | -€525 | -0.4% |
| Stocks | 30/36 | €138,831 | €138,306 | -€525 | -0.4% |
| Amounts receivable within one year | 40/41 | €79,781 | €53,201 | -€26,580 | -33.3% |
| Trade receivables | 40 | €13,564 | - | -€13,564 | |
| Other amounts receivable | 41 | €66,217 | €53,201 | -€13,016 | -19.7% |
| Current investments | 50/53 | - | €2,495 | +€2,495 | |
| Cash at bank and in hand | 54/58 | €8,870 | €5,042 | -€3,829 | -43.2% |
| Deferred charges and accrued income | 490/1 | €4,394 | €22,032 | +€17,638 | +401.4% |
| Total equity and liabilities | 10/49 | €1,347,607 | €1,271,334 | -€76,273 | -5.7% |
| Equity | 10/15 | -€106,771 | €248,605 | +€355,376 | |
| Contributions | 10/11 | €324,800 | €846,800 | +€522,000 | +160.7% |
| Reserves | 13 | €8,067 | €8,067 | = | 0.0% |
| Distributable reserves | 133 | €8,067 | €8,067 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€439,639 | -€606,263 | -€166,624 | -37.9% |
| Amounts payable | 17/49 | €1,454,378 | €1,022,729 | -€431,649 | -29.7% |
| Amounts payable after more than one year | 17 | €1,345,916 | €895,083 | -€450,832 | -33.5% |
| Financial debts | 170/4 | €103,536 | €73,120 | -€30,415 | -29.4% |
| Other amounts payable | 178/9 | €1,242,380 | €821,963 | -€420,417 | -33.8% |
| Amounts payable within one year | 42/48 | €108,463 | €127,646 | +€19,183 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €29,205 | €30,415 | +€1,210 | +4.1% |
| Financial debts | 43 | €75,169 | €75,200 | +€31 | 0.0% |
| Credit institutions | 430/8 | €169 | €200 | +€31 | +18.5% |
| Other loans | 439 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €3,863 | €1,879 | -€1,984 | -51.4% |
| Suppliers | 440/4 | €3,863 | €1,879 | -€1,984 | -51.4% |
| Taxes, remuneration and social security | 45 | €226 | €20,152 | +€19,926 | +8823.5% |
| Taxes | 450/3 | €226 | €20,152 | +€19,926 | +8823.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,975 | €65,472 | +€497 | +0.8% |
| Other operating charges | 640/8 | €10,986 | €38,736 | +€27,749 | +252.6% |
| Gross operating margin | 9900 | -€112,437 | -€43,934 | +€68,503 | +60.9% |
| Operating profit (loss) | 9901 | -€188,398 | -€148,142 | +€40,256 | +21.4% |
| Financial income | 75/76B | €331 | €118 | -€214 | -64.4% |
| Recurring financial income | 75 | €331 | €118 | -€214 | -64.4% |
| Non-recurring financial income | 76B | €331 | - | -€331 | |
| Financial charges | 65/66B | €13,815 | €18,592 | +€4,777 | +34.6% |
| Recurring financial charges | 65 | €10,512 | €18,592 | +€8,080 | +76.9% |
| Non-recurring financial charges | 66B | €3,303 | - | -€3,303 | |
| Profit (loss) for the period before taxes | 9903 | -€201,882 | -€166,616 | +€35,266 | +17.5% |
| Income taxes | 67/77 | €226 | €8 | -€218 | -96.4% |
| Profit (loss) for the period | 9904 | -€202,107 | -€166,624 | +€35,484 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€202,107 | -€166,624 | +€35,484 | +17.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.