NOVANALYTICS: 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.
NOVANALYTICS
Largest movements
- Cash -€115,172
down €115,172 (-85.6%), from €134,602 to €19,430
mainly Receivables within one year (-€62,856) and Other debts (-€53,847)
- Receivables within one year +€62,856
up €62,856 (+5719.4%), from €1,099 to €63,955
of which Trade receivables: +€59,583
- Tangible fixed assets -€12,281
down €12,281 (-6.9%), from €178,130 to €165,849
of which Other tangible fixed assets: -€8,481
- Other debts -€53,847
down €53,847 (-84.5%), from €63,753 to €9,906
- Tax, wage and social debts -€12,420
down €12,420 (-35.7%), from €34,825 to €22,405
of which Taxes: -€12,535
- Gross operating margin -€25,381
down €25,381 (-17.0%), from €149,393 to €124,012
- Taxes -€5,456
down €5,456 (-27.0%), from €20,200 to €14,744
- Financial income -€3,096
down €3,096 (-89.8%), from €3,448 to €352
- Staff costs -€1,500
down €1,500 (-3.6%), from €41,550 to €40,050
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €314,709 | €250,113 | -€64,596 | -20.5% |
| Fixed assets | 21/28 | €178,155 | €165,874 | -€12,281 | -6.9% |
| Tangible fixed assets | 22/27 | €178,130 | €165,849 | -€12,281 | -6.9% |
| Land and buildings | 22 | €152,790 | €149,010 | -€3,780 | -2.5% |
| Furniture and vehicles | 24 | €3,415 | €3,395 | -€20 | -0.6% |
| Other tangible fixed assets | 26 | €21,925 | €13,444 | -€8,481 | -38.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €136,554 | €84,239 | -€52,315 | -38.3% |
| Amounts receivable within one year | 40/41 | €1,099 | €63,955 | +€62,856 | +5719.4% |
| Trade receivables | 40 | €1,099 | €60,682 | +€59,583 | +5421.6% |
| Other amounts receivable | 41 | - | €3,273 | +€3,273 | |
| Cash at bank and in hand | 54/58 | €134,602 | €19,430 | -€115,172 | -85.6% |
| Deferred charges and accrued income | 490/1 | €853 | €854 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €314,709 | €250,113 | -€64,596 | -20.5% |
| Equity | 10/15 | €210,507 | €213,316 | +€2,809 | +1.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | - | -€18,550 | |
| Issued capital | 100 | €18,550 | - | -€18,550 | |
| Reserves | 13 | €20,492 | €20,492 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | - | -€1,855 | |
| Other | 1319 | - | €1,855 | +€1,855 | |
| Tax-exempt reserves | 132 | €18,637 | €18,637 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,465 | €174,274 | +€2,809 | +1.6% |
| Amounts payable | 17/49 | €104,202 | €36,797 | -€67,405 | -64.7% |
| Amounts payable within one year | 42/48 | €104,202 | €36,797 | -€67,405 | -64.7% |
| Trade debts | 44 | €4,295 | €4,486 | +€191 | +4.4% |
| Suppliers | 440/4 | €4,295 | €4,486 | +€191 | +4.4% |
| Advances received on contracts in progress | 46 | €1,329 | - | -€1,329 | |
| Taxes, remuneration and social security | 45 | €34,825 | €22,405 | -€12,420 | -35.7% |
| Taxes | 450/3 | €25,735 | €13,200 | -€12,535 | -48.7% |
| Remuneration and social security | 454/9 | €9,090 | €9,205 | +€115 | +1.3% |
| Other amounts payable | 47/48 | €63,753 | €9,906 | -€53,847 | -84.5% |
| Remuneration, social security and pensions | 62 | €41,550 | €40,050 | -€1,500 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,293 | €13,376 | +€83 | +0.6% |
| Other operating charges | 640/8 | €1,559 | €1,299 | -€260 | -16.7% |
| Gross operating margin | 9900 | €149,393 | €124,012 | -€25,381 | -17.0% |
| Operating profit (loss) | 9901 | €92,991 | €69,287 | -€23,704 | -25.5% |
| Financial income | 75/76B | €3,448 | €352 | -€3,096 | -89.8% |
| Recurring financial income | 75 | €3,448 | €352 | -€3,096 | -89.8% |
| Financial charges | 65/66B | €61 | €86 | +€25 | +41.0% |
| Recurring financial charges | 65 | €61 | €86 | +€25 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €96,378 | €69,553 | -€26,825 | -27.8% |
| Income taxes | 67/77 | €20,200 | €14,744 | -€5,456 | -27.0% |
| Profit (loss) for the period | 9904 | €76,178 | €54,809 | -€21,369 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,178 | €54,809 | -€21,369 | -28.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.