NoVanCo: what changed
NoVanCo
Largest movements
- Receivables within one year -€105,098
down €105,098 (-94.4%), from €111,300 to €6,202
of which Other amounts receivable: -€75,000
- Receivables after one year +€75,000
new in 2025: €75,000
- Cash +€11,196
up €11,196 (+301%), from €3,717 to €14,913
mainly Receivables within one year (+€105,098) and Net result for the year (+€8,119)
- Other debts -€33,056
down €33,056 (-45.6%), from €72,551 to €39,495
- Profit (loss) carried forward +€8,119
up €8,119 (+43.0%), from -€18,890 to -€10,771
- Tax, wage and social debts +€3,111
up €3,111 (+80.6%), from €3,858 to €6,969
- Trade debts +€2,925
up €2,925 (+740%), from €395 to €3,320
- Gross operating margin +€22,492
up €22,492, from -€2,456 to €20,037
- Taxes +€7,476
up €7,476 (+201%), from €3,726 to €11,202
- Other operating charges -€3,855
down €3,855 (-87.9%), from €4,386 to €531
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 | €115,017 | €96,115 | -€18,901 | -16.4% |
| Current assets | 29/58 | €115,017 | €96,115 | -€18,901 | -16.4% |
| Amounts receivable after more than one year | 29 | - | €75,000 | +€75,000 | |
| Other amounts receivable | 291 | - | €75,000 | +€75,000 | |
| Amounts receivable within one year | 40/41 | €111,300 | €6,202 | -€105,098 | -94.4% |
| Trade receivables | 40 | €36,300 | €6,202 | -€30,098 | -82.9% |
| Other amounts receivable | 41 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €3,717 | €14,913 | +€11,196 | +301% |
| Total equity and liabilities | 10/49 | €115,017 | €96,115 | -€18,901 | -16.4% |
| Equity | 10/15 | €37,913 | €46,032 | +€8,119 | +21.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €38,253 | €38,253 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €36,398 | €36,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,890 | -€10,771 | +€8,119 | +43.0% |
| Amounts payable | 17/49 | €77,104 | €50,083 | -€27,021 | -35.0% |
| Amounts payable within one year | 42/48 | €76,804 | €49,783 | -€27,021 | -35.2% |
| Trade debts | 44 | €395 | €3,320 | +€2,925 | +740% |
| Suppliers | 440/4 | €395 | €3,320 | +€2,925 | +740% |
| Taxes, remuneration and social security | 45 | €3,858 | €6,969 | +€3,111 | +80.6% |
| Taxes | 450/3 | €3,858 | €6,969 | +€3,111 | +80.6% |
| Other amounts payable | 47/48 | €72,551 | €39,495 | -€33,056 | -45.6% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Other operating charges | 640/8 | €4,386 | €531 | -€3,855 | -87.9% |
| Gross operating margin | 9900 | -€2,456 | €20,037 | +€22,492 | |
| Operating profit (loss) | 9901 | -€6,842 | €19,506 | +€26,347 | |
| Financial charges | 65/66B | €180 | €184 | +€4 | +2.1% |
| Recurring financial charges | 65 | €180 | €184 | +€4 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,022 | €19,322 | +€26,344 | |
| Income taxes | 67/77 | €3,726 | €11,202 | +€7,476 | +201% |
| Profit (loss) for the period | 9904 | -€10,748 | €8,119 | +€18,867 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,748 | €8,119 | +€18,867 |
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 3 November 2026 via checked.be.