NOVANTIS: 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.
NOVANTIS
Largest movements
- Cash -€121,338
down €121,338 (-18.0%), from €672,738 to €551,400
mainly Advances received (-€216,537) and Trade debts (-€35,928)
- Stocks and contracts -€106,931
down €106,931 (-95.5%), from €111,931 to €5,000
- Financial fixed assets -€23,527
down €23,527 (-100.0%), from €23,527 to €0
- Receivables within one year -€18,934
down €18,934 (-8.9%), from €213,311 to €194,377
of which Trade receivables: -€111,198
- Advances received -€216,537
down €216,537 (-100.0%), from €216,537 to €0
- Trade debts -€35,928
down €35,928 (-76.6%), from €46,899 to €10,971
- Tax, wage and social debts -€16,539
no longer reported in 2025 (was €16,539)
of which Remuneration and social security: -€16,539
- Profit (loss) carried forward -€11,125
down €11,125 (-2.2%), from €507,157 to €496,032
- Gross operating margin -€145,726
down €145,726 (-83.3%), from €175,020 to €29,294
- Staff costs -€104,357
down €104,357 (-68.4%), from €152,602 to €48,245
- Write-downs +€17,410
up €17,410 (+58.0%), from -€30,033 to -€12,623
- Depreciation -€4,890
down €4,890 (-32.6%), from €15,011 to €10,121
- Taxes -€4,087
no longer reported in 2025 (was €4,087)
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 | €1,041,711 | €761,582 | -€280,130 | -26.9% |
| Fixed assets | 21/28 | €36,817 | €3,653 | -€33,164 | -90.1% |
| Tangible fixed assets | 22/27 | €13,290 | €3,653 | -€9,638 | -72.5% |
| Plant, machinery and equipment | 23 | €13,106 | €3,653 | -€9,453 | -72.1% |
| Furniture and vehicles | 24 | €184 | €0 | -€184 | -100.0% |
| Financial fixed assets | 28 | €23,527 | €0 | -€23,527 | -100.0% |
| Current assets | 29/58 | €1,004,894 | €757,929 | -€246,965 | -24.6% |
| Stocks and contracts in progress | 3 | €111,931 | €5,000 | -€106,931 | -95.5% |
| Stocks | 30/36 | €111,931 | €5,000 | -€106,931 | -95.5% |
| Amounts receivable within one year | 40/41 | €213,311 | €194,377 | -€18,934 | -8.9% |
| Trade receivables | 40 | €150,267 | €39,068 | -€111,198 | -74.0% |
| Other amounts receivable | 41 | €63,044 | €155,309 | +€92,264 | +146.3% |
| Cash at bank and in hand | 54/58 | €672,738 | €551,400 | -€121,338 | -18.0% |
| Deferred charges and accrued income | 490/1 | €6,914 | €7,152 | +€238 | +3.4% |
| Total equity and liabilities | 10/49 | €1,041,711 | €761,582 | -€280,130 | -26.9% |
| Equity | 10/15 | €761,736 | €750,611 | -€11,125 | -1.5% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €205,000 | €205,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €507,157 | €496,032 | -€11,125 | -2.2% |
| Amounts payable | 17/49 | €279,975 | €10,971 | -€269,004 | -96.1% |
| Amounts payable within one year | 42/48 | €279,975 | €10,971 | -€269,004 | -96.1% |
| Trade debts | 44 | €46,899 | €10,971 | -€35,928 | -76.6% |
| Suppliers | 440/4 | €46,899 | €10,971 | -€35,928 | -76.6% |
| Advances received on contracts in progress | 46 | €216,537 | €0 | -€216,537 | -100.0% |
| Taxes, remuneration and social security | 45 | €16,539 | - | -€16,539 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €16,539 | - | -€16,539 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €152,602 | €48,245 | -€104,357 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,011 | €10,121 | -€4,890 | -32.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€30,033 | -€12,623 | +€17,410 | +58.0% |
| Other operating charges | 640/8 | €7,651 | €3,894 | -€3,758 | -49.1% |
| Gross operating margin | 9900 | €175,020 | €29,294 | -€145,726 | -83.3% |
| Operating profit (loss) | 9901 | €29,788 | -€20,343 | -€50,131 | |
| Financial income | 75/76B | €9,024 | €10,623 | +€1,599 | +17.7% |
| Recurring financial income | 75 | €9,024 | €10,623 | +€1,599 | +17.7% |
| Financial charges | 65/66B | €1,393 | €1,405 | +€12 | +0.8% |
| Recurring financial charges | 65 | €1,393 | €1,405 | +€12 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €37,419 | -€11,125 | -€48,544 | |
| Income taxes | 67/77 | €4,087 | - | -€4,087 | |
| Profit (loss) for the period | 9904 | €33,332 | -€11,125 | -€44,457 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,332 | -€11,125 | -€44,457 |
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.