NOVANT: 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.
NOVANT
Largest movements
- Receivables after one year +€600,000
new in 2025: €600,000
- Cash -€404,851
down €404,851 (-50.8%), from €796,365 to €391,514
mainly Receivables after one year (-€600,000) and Contributions, distributions and other (-€196,149)
- Current investments -€177,551
down €177,551 (-22.2%), from €800,000 to €622,449
- Tangible fixed assets +€65,662
up €65,662 (+26.3%), from €249,686 to €315,348
of which Plant, machinery and equipment: +€111,965
- Stocks and contracts +€57,205
up €57,205 (+61.7%), from €92,648 to €149,852
- Reserves +€263,967
up €263,967 (+12.9%), from €2.1m to €2.3m
of which Distributable reserves: +€263,967
- Trade debts -€43,458
down €43,458 (-33.8%), from €128,387 to €84,929
- Tax, wage and social debts -€25,903
down €25,903 (-17.5%), from €148,141 to €122,238
of which Taxes: -€39,693
- Staff costs +€154,313
up €154,313 (+39.7%), from €388,340 to €542,653
- Taxes -€47,808
down €47,808 (-18.8%), from €254,324 to €206,515
- Financial income +€31,491
up €31,491 (+504.8%), from €6,238 to €37,729
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 | €2,354,334 | €2,551,307 | +€196,973 | +8.4% |
| Fixed assets | 21/28 | €254,096 | €318,798 | +€64,702 | +25.5% |
| Intangible fixed assets | 21 | €4,411 | €3,451 | -€960 | -21.8% |
| Tangible fixed assets | 22/27 | €249,686 | €315,348 | +€65,662 | +26.3% |
| Plant, machinery and equipment | 23 | €92,136 | €204,100 | +€111,965 | +121.5% |
| Furniture and vehicles | 24 | €157,550 | €111,248 | -€46,302 | -29.4% |
| Current assets | 29/58 | €2,100,238 | €2,232,509 | +€132,270 | +6.3% |
| Amounts receivable after more than one year | 29 | - | €600,000 | +€600,000 | |
| Other amounts receivable | 291 | - | €600,000 | +€600,000 | |
| Stocks and contracts in progress | 3 | €92,648 | €149,852 | +€57,205 | +61.7% |
| Stocks | 30/36 | €92,648 | €149,852 | +€57,205 | +61.7% |
| Amounts receivable within one year | 40/41 | €382,590 | €422,263 | +€39,673 | +10.4% |
| Trade receivables | 40 | €316,584 | €262,263 | -€54,321 | -17.2% |
| Other amounts receivable | 41 | €66,006 | €160,000 | +€93,994 | +142.4% |
| Current investments | 50/53 | €800,000 | €622,449 | -€177,551 | -22.2% |
| Cash at bank and in hand | 54/58 | €796,365 | €391,514 | -€404,851 | -50.8% |
| Deferred charges and accrued income | 490/1 | €28,636 | €46,431 | +€17,795 | +62.1% |
| Total equity and liabilities | 10/49 | €2,354,334 | €2,551,307 | +€196,973 | +8.4% |
| Equity | 10/15 | €2,071,257 | €2,335,224 | +€263,967 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,052,657 | €2,316,624 | +€263,967 | +12.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,033,907 | €2,297,874 | +€263,967 | +13.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €283,078 | €216,083 | -€66,995 | -23.7% |
| Amounts payable within one year | 42/48 | €283,028 | €216,031 | -€66,997 | -23.7% |
| Trade debts | 44 | €128,387 | €84,929 | -€43,458 | -33.8% |
| Suppliers | 440/4 | €128,387 | €84,929 | -€43,458 | -33.8% |
| Taxes, remuneration and social security | 45 | €148,141 | €122,238 | -€25,903 | -17.5% |
| Taxes | 450/3 | €114,924 | €75,230 | -€39,693 | -34.5% |
| Remuneration and social security | 454/9 | €33,217 | €47,008 | +€13,790 | +41.5% |
| Other amounts payable | 47/48 | €6,500 | €8,863 | +€2,363 | +36.4% |
| Accrued charges and deferred income | 492/3 | €50 | €53 | +€3 | +5.3% |
| Remuneration, social security and pensions | 62 | €388,340 | €542,653 | +€154,313 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,170 | €110,864 | +€8,694 | +8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €267 | €0 | -€267 | -100.0% |
| Other operating charges | 640/8 | €5,366 | €8,555 | +€3,188 | +59.4% |
| Gross operating margin | 9900 | €1,298,991 | €1,299,732 | +€740 | +0.1% |
| Operating profit (loss) | 9901 | €802,848 | €637,661 | -€165,187 | -20.6% |
| Financial income | 75/76B | €6,238 | €37,729 | +€31,491 | +504.8% |
| Recurring financial income | 75 | €6,238 | €37,729 | +€31,491 | +504.8% |
| Financial charges | 65/66B | €2,010 | €8,758 | +€6,748 | +335.8% |
| Recurring financial charges | 65 | €2,010 | €8,758 | +€6,748 | +335.8% |
| Profit (loss) for the period before taxes | 9903 | €807,076 | €666,631 | -€140,445 | -17.4% |
| Income taxes | 67/77 | €254,324 | €206,515 | -€47,808 | -18.8% |
| Profit (loss) for the period | 9904 | €552,752 | €460,116 | -€92,636 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €552,752 | €460,116 | -€92,636 | -16.8% |
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.