NOVARO CONSULTING: 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.
NOVARO CONSULTING
Largest movements
- Cash -€130
down €130 (-28.1%), from €463 to €333
mainly Net result for the year (-€1,430) and Other debts (-€200)
- Deferred charges and accrued income +€12
up €12 (+3.2%), from €387 to €400
- Debts after one year +€1,500
up €1,500 (+11.1%), from €13,500 to €15,000
- Profit (loss) carried forward -€1,430
down €1,430 (-4.2%), from -€33,866 to -€35,296
- Other debts -€200
down €200 (-54.2%), from €369 to €169
- Trade debts +€12
up €12 (+3.2%), from €387 to €400
- Gross operating margin -€245
down €245 (-22.8%), from -€1,074 to -€1,319
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 | €850 | €733 | -€118 | -13.8% |
| Current assets | 29/58 | €850 | €733 | -€118 | -13.8% |
| Cash at bank and in hand | 54/58 | €463 | €333 | -€130 | -28.1% |
| Deferred charges and accrued income | 490/1 | €387 | €400 | +€12 | +3.2% |
| Total equity and liabilities | 10/49 | €850 | €733 | -€118 | -13.8% |
| Equity | 10/15 | -€13,406 | -€14,836 | -€1,430 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,866 | -€35,296 | -€1,430 | -4.2% |
| Amounts payable | 17/49 | €14,256 | €15,569 | +€1,312 | +9.2% |
| Amounts payable after more than one year | 17 | €13,500 | €15,000 | +€1,500 | +11.1% |
| Other amounts payable | 178/9 | €13,500 | €15,000 | +€1,500 | +11.1% |
| Amounts payable within one year | 42/48 | €756 | €569 | -€188 | -24.8% |
| Trade debts | 44 | €387 | €400 | +€12 | +3.2% |
| Suppliers | 440/4 | €387 | €400 | +€12 | +3.2% |
| Other amounts payable | 47/48 | €369 | €169 | -€200 | -54.2% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | -€1,074 | -€1,319 | -€245 | -22.8% |
| Operating profit (loss) | 9901 | -€1,138 | -€1,385 | -€247 | -21.7% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,183 | -€1,430 | -€247 | -20.9% |
| Profit (loss) for the period | 9904 | -€1,183 | -€1,430 | -€247 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,183 | -€1,430 | -€247 | -20.9% |
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 29 October 2026 via checked.be.