NOVAPACK: 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.
What changed
NOVAPACK
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€367,491
2024 · €9.4m-€9.1m
Equity
€50.1m
2024 · €49.7m+€367,491
Cash
€798,776
2024 · €384,897+€413,879
Balance sheet total
€50.1m
2024 · €49.7m+€405,335
Largest movements
Assets
- Financial fixed assets +€15.3m
up €15.3m (+50.6%), from €30.2m to €45.5m
- Current investments -€15.3m
down €15.3m (-81.4%), from €18.8m to €3.5m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€9.2m
down €9.2m (-94.8%), from €9.7m to €507,692
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.
Result 2024
€9.4m
Other operating charges
-€2,768
Other operating items
-€31,163
Financial income
-€9.2m
Financial charges
+€143,112
Taxes
+€40,307
Result 2025
€367,491
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€413,879
Investment
€0
Financing
€0
Cash 2024
€384,897
From operations (derived)
+€413,879
Net result for the year
+€367,491
Smaller working-capital items
+€46,388
Investment (derived)
€0
Investment in fixed assets (net)
-€15.3m
Current investments
+€15.3m
Cash 2025
€798,776
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,737,099 | €50,142,435 | +€405,335 | +0.8% |
| Fixed assets | 21/28 | €30,232,113 | €45,532,113 | +€15.3m | +50.6% |
| Financial fixed assets | 28 | €30,232,113 | €45,532,113 | +€15.3m | +50.6% |
| Affiliated companies | 280/1 | €30,232,113 | €45,532,113 | +€15.3m | +50.6% |
| Participating interests | 280 | €30,232,113 | €45,532,113 | +€15.3m | +50.6% |
| Current assets | 29/58 | €19,504,987 | €4,610,322 | -€14.9m | -76.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €209,347 | €211,605 | +€2,258 | +1.1% |
| Other amounts receivable | 41 | €209,347 | €211,605 | +€2,258 | +1.1% |
| Current investments | 50/53 | €18,800,000 | €3,500,000 | -€15.3m | -81.4% |
| Other investments | 51/53 | €18,800,000 | €3,500,000 | -€15.3m | -81.4% |
| Cash at bank and in hand | 54/58 | €384,897 | €798,776 | +€413,879 | +108% |
| Deferred charges and accrued income | 490/1 | €110,743 | €99,941 | -€10,802 | -9.8% |
| Total equity and liabilities | 10/49 | €49,737,099 | €50,142,435 | +€405,335 | +0.8% |
| Equity | 10/15 | €49,730,224 | €50,097,714 | +€367,491 | +0.7% |
| Contributions | 10/11 | €3,234,611 | €3,234,611 | = | 0.0% |
| Capital | 10 | €3,234,611 | €3,234,611 | = | 0.0% |
| Issued capital | 100 | €3,234,611 | €3,234,611 | = | 0.0% |
| Reserves | 13 | €46,495,612 | €46,863,103 | +€367,491 | +0.8% |
| Non-distributable reserves | 130/1 | €351,718 | €370,092 | +€18,375 | +5.2% |
| Legal reserve | 130 | €351,718 | €370,092 | +€18,375 | +5.2% |
| Distributable reserves | 133 | €46,143,895 | €46,493,011 | +€349,116 | +0.8% |
| Amounts payable | 17/49 | €6,876 | €44,720 | +€37,844 | +550% |
| Amounts payable within one year | 42/48 | €6,876 | €9,075 | +€2,199 | +32.0% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €6,876 | €9,075 | +€2,199 | +32.0% |
| Suppliers | 440/4 | €6,876 | €9,075 | +€2,199 | +32.0% |
| Accrued charges and deferred income | 492/3 | €0 | €35,645 | +€35,645 | |
| Operating charges | 60/66A | €33,697 | €67,628 | +€33,932 | +101% |
| Services and other goods | 61 | €31,809 | €62,972 | +€31,163 | +98.0% |
| Other operating charges | 640/8 | €1,888 | €4,656 | +€2,768 | +147% |
| Operating profit (loss) | 9901 | -€33,697 | -€67,628 | -€33,932 | -101% |
| Financial income | 75/76B | €9,723,887 | €507,692 | -€9.2m | -94.8% |
| Recurring financial income | 75 | €9,723,887 | €507,692 | -€9.2m | -94.8% |
| Income from financial fixed assets | 750 | €8,950,000 | €250,000 | -€8.7m | -97.2% |
| Income from current assets | 751 | €773,887 | €257,692 | -€516,194 | -66.7% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €176,473 | €33,361 | -€143,112 | -81.1% |
| Recurring financial charges | 65 | €176,473 | €33,361 | -€143,112 | -81.1% |
| Debt charges | 650 | €176,244 | €0 | -€176,244 | -100% |
| Other financial charges | 652/9 | €229 | €33,361 | +€33,132 | +14,439% |
| Profit (loss) for the period before taxes | 9903 | €9,513,717 | €406,703 | -€9.1m | -95.7% |
| Income taxes | 67/77 | €79,519 | €39,212 | -€40,307 | -50.7% |
| Taxes | 670/3 | €79,519 | €39,212 | -€40,307 | -50.7% |
| Profit (loss) for the period | 9904 | €9,434,197 | €367,491 | -€9.1m | -96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,434,197 | €367,491 | -€9.1m | -96.1% |
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 18 October 2026 via checked.be.