Novantex: 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.
Novantex
Largest movements
- Tangible fixed assets +€43,057
up €43,057 (+86.8%), from €49,614 to €92,671
of which Land and buildings: +€40,279
- Cash -€35,190
down €35,190 (-78.3%), from €44,937 to €9,747
mainly Investment in fixed assets (net) (-€61,826) and Other debts (-€13,627)
- Receivables within one year -€2,571
down €2,571 (-14.3%), from €17,991 to €15,420
of which Trade receivables: -€4,837
- Reserves +€18,805
up €18,805 (+27.0%), from €69,603 to €88,408
- Other debts -€13,627
down €13,627 (-48.1%), from €28,334 to €14,707
- Tax, wage and social debts +€1,854
up €1,854 (+366%), from €506 to €2,360
- Gross operating margin -€12,385
down €12,385 (-16.0%), from €77,499 to €65,114
- Depreciation +€6,401
up €6,401 (+51.8%), from €12,368 to €18,769
- Taxes -€6,338
down €6,338 (-33.4%), from €18,958 to €12,620
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.
Derived cash bridge
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 | €117,350 | €123,714 | +€6,365 | +5.4% |
| Fixed assets | 21/28 | €49,614 | €92,671 | +€43,057 | +86.8% |
| Tangible fixed assets | 22/27 | €49,614 | €92,671 | +€43,057 | +86.8% |
| Land and buildings | 22 | €7,206 | €47,485 | +€40,279 | +559% |
| Plant, machinery and equipment | 23 | €27,809 | €25,071 | -€2,738 | -9.8% |
| Furniture and vehicles | 24 | €14,599 | €20,115 | +€5,516 | +37.8% |
| Current assets | 29/58 | €67,736 | €31,043 | -€36,693 | -54.2% |
| Amounts receivable after more than one year | 29 | €408 | €408 | = | 0.0% |
| Other amounts receivable | 291 | €408 | €408 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,991 | €15,420 | -€2,571 | -14.3% |
| Trade receivables | 40 | €16,339 | €11,502 | -€4,837 | -29.6% |
| Other amounts receivable | 41 | €1,652 | €3,918 | +€2,266 | +137% |
| Cash at bank and in hand | 54/58 | €44,937 | €9,747 | -€35,190 | -78.3% |
| Deferred charges and accrued income | 490/1 | €4,400 | €5,469 | +€1,069 | +24.3% |
| Total equity and liabilities | 10/49 | €117,350 | €123,714 | +€6,365 | +5.4% |
| Equity | 10/15 | €86,603 | €105,408 | +€18,805 | +21.7% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €69,603 | €88,408 | +€18,805 | +27.0% |
| Distributable reserves | 133 | €69,603 | €88,408 | +€18,805 | +27.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €30,746 | €18,306 | -€12,440 | -40.5% |
| Amounts payable within one year | 42/48 | €29,112 | €17,159 | -€11,952 | -41.1% |
| Trade debts | 44 | €271 | €92 | -€179 | -66.1% |
| Suppliers | 440/4 | €271 | €92 | -€179 | -66.1% |
| Taxes, remuneration and social security | 45 | €506 | €2,360 | +€1,854 | +366% |
| Taxes | 450/3 | €506 | €2,360 | +€1,854 | +366% |
| Other amounts payable | 47/48 | €28,334 | €14,707 | -€13,627 | -48.1% |
| Accrued charges and deferred income | 492/3 | €1,635 | €1,147 | -€488 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,368 | €18,769 | +€6,401 | +51.8% |
| Other operating charges | 640/8 | €4,323 | €3,991 | -€332 | -7.7% |
| Gross operating margin | 9900 | €77,499 | €65,114 | -€12,385 | -16.0% |
| Operating profit (loss) | 9901 | €60,809 | €42,354 | -€18,454 | -30.3% |
| Financial income | 75/76B | €1 | €2 | +€1 | +153% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +153% |
| Financial charges | 65/66B | €1,889 | €1,419 | -€470 | -24.9% |
| Recurring financial charges | 65 | €1,889 | €1,419 | -€470 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €58,920 | €40,937 | -€17,983 | -30.5% |
| Income taxes | 67/77 | €18,958 | €12,620 | -€6,338 | -33.4% |
| Profit (loss) for the period | 9904 | €39,962 | €28,318 | -€11,644 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,962 | €28,318 | -€11,644 | -29.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.