Novari: 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.
Novari
Largest movements
- Cash +€81,163
up €81,163 (+192%), from €42,362 to €123,525
mainly Net result for the year (+€75,410) and Tax, wage and social debts (+€15,244)
- Tangible fixed assets +€9,129
up €9,129 (+613%), from €1,489 to €10,617
- Profit (loss) carried forward +€75,410
up €75,410 (+422%), from €17,878 to €93,287
- Tax, wage and social debts +€15,244
up €15,244 (+130%), from €11,715 to €26,959
- Gross operating margin +€74,011
up €74,011 (+327%), from €22,612 to €96,623
- Taxes +€14,690
up €14,690 (+326%), from €4,512 to €19,202
- Depreciation +€991
up €991 (+592%), from €167 to €1,158
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 | €43,851 | €134,143 | +€90,292 | +206% |
| Fixed assets | 21/28 | €1,489 | €10,617 | +€9,129 | +613% |
| Tangible fixed assets | 22/27 | €1,489 | €10,617 | +€9,129 | +613% |
| Furniture and vehicles | 24 | €1,489 | €10,617 | +€9,129 | +613% |
| Current assets | 29/58 | €42,362 | €123,525 | +€81,163 | +192% |
| Cash at bank and in hand | 54/58 | €42,362 | €123,525 | +€81,163 | +192% |
| Total equity and liabilities | 10/49 | €43,851 | €134,143 | +€90,292 | +206% |
| Equity | 10/15 | €29,878 | €105,287 | +€75,410 | +252% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,878 | €93,287 | +€75,410 | +422% |
| Amounts payable | 17/49 | €13,973 | €28,855 | +€14,882 | +107% |
| Amounts payable within one year | 42/48 | €13,973 | €28,855 | +€14,882 | +107% |
| Trade debts | 44 | €1,338 | €257 | -€1,081 | -80.8% |
| Suppliers | 440/4 | €1,338 | €257 | -€1,081 | -80.8% |
| Taxes, remuneration and social security | 45 | €11,715 | €26,959 | +€15,244 | +130% |
| Taxes | 450/3 | €11,715 | €26,959 | +€15,244 | +130% |
| Other amounts payable | 47/48 | €920 | €1,639 | +€719 | +78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167 | €1,158 | +€991 | +592% |
| Other operating charges | 640/8 | - | €799 | +€799 | |
| Gross operating margin | 9900 | €22,612 | €96,623 | +€74,011 | +327% |
| Operating profit (loss) | 9901 | €22,445 | €94,666 | +€72,221 | +322% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €54 | €54 | -€0 | -0.8% |
| Recurring financial charges | 65 | €54 | €54 | -€0 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €22,390 | €94,612 | +€72,222 | +323% |
| Income taxes | 67/77 | €4,512 | €19,202 | +€14,690 | +326% |
| Profit (loss) for the period | 9904 | €17,878 | €75,410 | +€57,532 | +322% |
| Profit (loss) for the period to be appropriated | 9905 | €17,878 | €75,410 | +€57,532 | +322% |
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 14 October 2026 via checked.be.