NOVANDO IMMO: 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.
NOVANDO IMMO
Largest movements
- Stocks and contracts -€117,625
down €117,625 (-29.8%), from €394,175 to €276,550
- Receivables within one year +€86,006
up €86,006 (+23.8%), from €361,538 to €447,544
of which Other amounts receivable: +€79,000
- Tangible fixed assets -€51,913
down €51,913 (-5.7%), from €918,807 to €866,894
of which Leasing and similar rights: -€30,091
- Deferred charges and accrued income -€17,195
down €17,195 (-98.0%), from €17,546 to €351
- Short-term financial debts -€186,879
no longer reported in 2024 (was €186,879)
- Other debts +€158,287
up €158,287 (+81.1%), from €195,157 to €353,444
- Profit (loss) carried forward -€58,541
down €58,541 (-28.4%), from -€205,769 to -€264,310
- Debts after one year -€56,253
down €56,253 (-5.3%), from €1.1m to €999,313
- Current portion of long-term debt +€21,834
up €21,834 (+13.8%), from €158,271 to €180,105
- Gross operating margin -€127,494
down €127,494 (-92.1%), from €138,442 to €10,949
- Financial charges -€27,378
down €27,378 (-44.6%), from €61,332 to €33,954
- Write-downs -€15,593
no longer reported in 2024 (was €15,593)
- Financial income +€10,365
up €10,365 (+66.2%), from €15,660 to €26,025
- Other operating charges -€9,189
down €9,189 (-48.8%), from €18,836 to €9,648
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,695,064 | €1,592,720 | -€102,344 | -6.0% |
| Fixed assets | 21/28 | €918,807 | €866,894 | -€51,913 | -5.7% |
| Tangible fixed assets | 22/27 | €918,807 | €866,894 | -€51,913 | -5.7% |
| Leasing and similar rights | 25 | €753,177 | €723,086 | -€30,091 | -4.0% |
| Other tangible fixed assets | 26 | €165,630 | €143,808 | -€21,822 | -13.2% |
| Current assets | 29/58 | €776,257 | €725,826 | -€50,431 | -6.5% |
| Stocks and contracts in progress | 3 | €394,175 | €276,550 | -€117,625 | -29.8% |
| Stocks | 30/36 | €394,175 | €276,550 | -€117,625 | -29.8% |
| Amounts receivable within one year | 40/41 | €361,538 | €447,544 | +€86,006 | +23.8% |
| Trade receivables | 40 | €450 | €7,456 | +€7,006 | +1,557% |
| Other amounts receivable | 41 | €361,088 | €440,088 | +€79,000 | +21.9% |
| Cash at bank and in hand | 54/58 | €2,998 | €1,382 | -€1,617 | -53.9% |
| Deferred charges and accrued income | 490/1 | €17,546 | €351 | -€17,195 | -98.0% |
| Total equity and liabilities | 10/49 | €1,695,064 | €1,592,720 | -€102,344 | -6.0% |
| Equity | 10/15 | €94,644 | €36,103 | -€58,541 | -61.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €413 | €413 | = | 0.0% |
| Non-distributable reserves | 130/1 | €413 | €413 | = | 0.0% |
| Legal reserve | 130 | €413 | €413 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,769 | -€264,310 | -€58,541 | -28.4% |
| Amounts payable | 17/49 | €1,600,420 | €1,556,618 | -€43,802 | -2.7% |
| Amounts payable after more than one year | 17 | €1,055,566 | €999,313 | -€56,253 | -5.3% |
| Financial debts | 170/4 | €1,055,566 | €999,313 | -€56,253 | -5.3% |
| Amounts payable within one year | 42/48 | €544,854 | €557,305 | +€12,451 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €158,271 | €180,105 | +€21,834 | +13.8% |
| Financial debts | 43 | €186,879 | - | -€186,879 | |
| Credit institutions | 430/8 | €186,879 | - | -€186,879 | |
| Trade debts | 44 | €4,547 | €23,756 | +€19,209 | +422% |
| Suppliers | 440/4 | €4,547 | €23,756 | +€19,209 | +422% |
| Other amounts payable | 47/48 | €195,157 | €353,444 | +€158,287 | +81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,050 | €51,913 | +€863 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,593 | - | -€15,593 | |
| Other operating charges | 640/8 | €18,836 | €9,648 | -€9,189 | -48.8% |
| Gross operating margin | 9900 | €138,442 | €10,949 | -€127,494 | -92.1% |
| Operating profit (loss) | 9901 | €52,963 | -€50,612 | -€103,575 | |
| Financial income | 75/76B | €15,660 | €26,025 | +€10,365 | +66.2% |
| Recurring financial income | 75 | €15,660 | €26,025 | +€10,365 | +66.2% |
| Financial charges | 65/66B | €61,332 | €33,954 | -€27,378 | -44.6% |
| Recurring financial charges | 65 | €61,332 | €33,954 | -€27,378 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €7,291 | -€58,541 | -€65,832 | |
| Profit (loss) for the period | 9904 | €7,291 | -€58,541 | -€65,832 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,291 | -€58,541 | -€65,832 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.