NOVANTURION: 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.
NOVANTURION
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€71,652
down €71,652 (-41.7%), from €171,642 to €99,990
mainly Current investments (-€100,000) and Tax, wage and social debts (-€8,976)
- Deferred charges and accrued income -€13,583
down €13,583 (-7.1%), from €192,087 to €178,504
- Reserves +€23,558
up €23,558 (+25.4%), from €92,894 to €116,452
- Tax, wage and social debts -€8,976
down €8,976 (-79.4%), from €11,311 to €2,334
No income-statement line moved by more than 1% of the activity.
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 | €408,896 | €419,942 | +€11,046 | +2.7% |
| Fixed assets | 21/28 | €8,866 | €7,173 | -€1,693 | -19.1% |
| Tangible fixed assets | 22/27 | €6,241 | €4,548 | -€1,693 | -27.1% |
| Furniture and vehicles | 24 | €6,241 | €4,548 | -€1,693 | -27.1% |
| Financial fixed assets | 28 | €2,625 | €2,625 | = | 0.0% |
| Current assets | 29/58 | €400,029 | €412,769 | +€12,739 | +3.2% |
| Amounts receivable within one year | 40/41 | €36,300 | €34,275 | -€2,025 | -5.6% |
| Trade receivables | 40 | €36,300 | €33,719 | -€2,581 | -7.1% |
| Other amounts receivable | 41 | €0 | €556 | +€556 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €171,642 | €99,990 | -€71,652 | -41.7% |
| Deferred charges and accrued income | 490/1 | €192,087 | €178,504 | -€13,583 | -7.1% |
| Total equity and liabilities | 10/49 | €408,896 | €419,942 | +€11,046 | +2.7% |
| Equity | 10/15 | €393,643 | €417,201 | +€23,558 | +6.0% |
| Contributions | 10/11 | €293,600 | €293,600 | = | 0.0% |
| Reserves | 13 | €92,894 | €116,452 | +€23,558 | +25.4% |
| Distributable reserves | 133 | €92,894 | €116,452 | +€23,558 | +25.4% |
| Profit (loss) carried forward | 14 | €7,149 | €7,149 | = | 0.0% |
| Amounts payable | 17/49 | €15,252 | €2,741 | -€12,512 | -82.0% |
| Amounts payable within one year | 42/48 | €15,239 | €2,741 | -€12,498 | -82.0% |
| Trade debts | 44 | €3,928 | €406 | -€3,522 | -89.7% |
| Suppliers | 440/4 | €3,928 | €406 | -€3,522 | -89.7% |
| Taxes, remuneration and social security | 45 | €11,311 | €2,334 | -€8,976 | -79.4% |
| Taxes | 450/3 | €11,311 | €2,334 | -€8,976 | -79.4% |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,441 | €1,693 | +€252 | +17.5% |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €35,248 | €35,200 | -€48 | -0.1% |
| Operating profit (loss) | 9901 | €33,308 | €32,994 | -€314 | -0.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €35 | €44 | +€9 | +24.7% |
| Recurring financial charges | 65 | €35 | €44 | +€9 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €33,273 | €32,952 | -€321 | -1.0% |
| Income taxes | 67/77 | €9,214 | €9,394 | +€180 | +2.0% |
| Profit (loss) for the period | 9904 | €24,059 | €23,558 | -€502 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,059 | €23,558 | -€502 | -2.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.