NOVARIS: 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.
NOVARIS
Largest movements
- Cash -€164,156
down €164,156 (-28.1%), from €584,802 to €420,646
mainly Contributions, distributions and other (-€200,000) and Other debts (-€196,356)
- Other debts -€196,356
down €196,356 (-49.5%), from €396,356 to €200,000
- Profit (loss) carried forward +€31,389
up €31,389 (+10.2%), from €307,248 to €338,638
- Gross operating margin +€8,636
up €8,636 (+6.3%), from €136,274 to €144,910
- Taxes +€3,505
up €3,505 (+11.8%), from €29,757 to €33,262
- Financial charges -€3,342
down €3,342 (-93.5%), from €3,574 to €232
- Financial income +€2,104
up €2,104 (+1.8%), from €119,485 to €121,589
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 | €750,110 | €583,666 | -€166,444 | -22.2% |
| Fixed assets | 21/28 | €162,043 | €160,955 | -€1,089 | -0.7% |
| Tangible fixed assets | 22/27 | €2,043 | €955 | -€1,089 | -53.3% |
| Furniture and vehicles | 24 | €2,043 | €955 | -€1,089 | -53.3% |
| Financial fixed assets | 28 | €160,000 | €160,000 | = | 0.0% |
| Current assets | 29/58 | €588,067 | €422,712 | -€165,355 | -28.1% |
| Cash at bank and in hand | 54/58 | €584,802 | €420,646 | -€164,156 | -28.1% |
| Deferred charges and accrued income | 490/1 | €3,265 | €2,065 | -€1,199 | -36.7% |
| Total equity and liabilities | 10/49 | €750,110 | €583,666 | -€166,444 | -22.2% |
| Equity | 10/15 | €327,708 | €359,098 | +€31,389 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €307,248 | €338,638 | +€31,389 | +10.2% |
| Amounts payable | 17/49 | €422,402 | €224,568 | -€197,834 | -46.8% |
| Amounts payable within one year | 42/48 | €419,551 | €224,055 | -€195,496 | -46.6% |
| Trade debts | 44 | €2,700 | €1,804 | -€896 | -33.2% |
| Suppliers | 440/4 | €2,700 | €1,804 | -€896 | -33.2% |
| Taxes, remuneration and social security | 45 | €20,495 | €22,251 | +€1,756 | +8.6% |
| Taxes | 450/3 | €20,495 | €22,251 | +€1,756 | +8.6% |
| Other amounts payable | 47/48 | €396,356 | €200,000 | -€196,356 | -49.5% |
| Accrued charges and deferred income | 492/3 | €2,851 | €513 | -€2,338 | -82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,089 | €1,089 | = | 0.0% |
| Other operating charges | 640/8 | €539 | €527 | -€12 | -2.3% |
| Gross operating margin | 9900 | €136,274 | €144,910 | +€8,636 | +6.3% |
| Operating profit (loss) | 9901 | €134,646 | €143,294 | +€8,648 | +6.4% |
| Financial income | 75/76B | €119,485 | €121,589 | +€2,104 | +1.8% |
| Recurring financial income | 75 | €119,485 | €121,589 | +€2,104 | +1.8% |
| Financial charges | 65/66B | €3,574 | €232 | -€3,342 | -93.5% |
| Recurring financial charges | 65 | €3,574 | €232 | -€3,342 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €250,557 | €264,651 | +€14,094 | +5.6% |
| Income taxes | 67/77 | €29,757 | €33,262 | +€3,505 | +11.8% |
| Profit (loss) for the period | 9904 | €220,800 | €231,389 | +€10,590 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €220,800 | €231,389 | +€10,590 | +4.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.