NOVARIS GROUP: what changed
NOVARIS GROUP
Largest movements
- Receivables within one year +€10,386
up €10,386 (+1,384%), from €751 to €11,137
of which Trade receivables: +€10,589
- Cash +€3,767
up €3,767 (+144%), from €2,624 to €6,391
mainly Trade debts (+€9,023) and Net result for the year (+€3,050)
- Trade debts +€9,023
up €9,023, from €0 to €9,023
- Profit (loss) carried forward +€2,840
up €2,840 (+64.7%), from -€4,389 to -€1,549
- Tax, wage and social debts +€1,555
up €1,555 (+360%), from €432 to €1,987
- Other debts +€626
up €626 (+27.1%), from €2,310 to €2,936
- Gross operating margin +€9,158
up €9,158, from -€4,490 to €4,667
- Depreciation -€1,131
down €1,131 (-91.2%), from €1,240 to €109
- Taxes +€963
up €963, from €0 to €963
- Financial income -€128
down €128 (-80.3%), from €159 to €31
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,353 | €18,397 | +€14,044 | +323% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €978 | €870 | -€109 | -11.1% |
| Tangible fixed assets | 22/27 | €978 | €870 | -€109 | -11.1% |
| Plant, machinery and equipment | 23 | €978 | €870 | -€109 | -11.1% |
| Current assets | 29/58 | €3,375 | €17,527 | +€14,153 | +419% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €751 | €11,137 | +€10,386 | +1,384% |
| Trade receivables | 40 | €548 | €11,137 | +€10,589 | +1,933% |
| Other amounts receivable | 41 | €203 | €0 | -€203 | -100% |
| Cash at bank and in hand | 54/58 | €2,624 | €6,391 | +€3,767 | +144% |
| Total equity and liabilities | 10/49 | €4,353 | €18,397 | +€14,044 | +323% |
| Equity | 10/15 | €1,611 | €4,451 | +€2,840 | +176% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,389 | -€1,549 | +€2,840 | +64.7% |
| Amounts payable | 17/49 | €2,742 | €13,946 | +€11,205 | +409% |
| Amounts payable within one year | 42/48 | €2,742 | €13,946 | +€11,205 | +409% |
| Trade debts | 44 | €0 | €9,023 | +€9,023 | |
| Suppliers | 440/4 | €0 | €9,023 | +€9,023 | |
| Taxes, remuneration and social security | 45 | €432 | €1,987 | +€1,555 | +360% |
| Taxes | 450/3 | €432 | €1,987 | +€1,555 | +360% |
| Other amounts payable | 47/48 | €2,310 | €2,936 | +€626 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,240 | €109 | -€1,131 | -91.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€4,490 | €4,667 | +€9,158 | |
| Operating profit (loss) | 9901 | -€6,118 | €4,159 | +€10,277 | |
| Financial income | 75/76B | €159 | €31 | -€128 | -80.3% |
| Recurring financial income | 75 | €159 | €31 | -€128 | -80.3% |
| Financial charges | 65/66B | €157 | €177 | +€20 | +12.6% |
| Recurring financial charges | 65 | €157 | €177 | +€20 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,116 | €4,013 | +€10,129 | |
| Income taxes | 67/77 | €0 | €963 | +€963 | |
| Profit (loss) for the period | 9904 | -€6,116 | €3,050 | +€9,166 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,116 | €3,050 | +€9,166 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.