NOVARTSOFT: 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.
NOVARTSOFT
Largest movements
- Cash +€53,117
up €53,117 (+19.4%), from €273,140 to €326,257
mainly Net result for the year (+€88,962) and Receivables within one year (+€7,459)
- Receivables within one year -€7,459
down €7,459 (-18.3%), from €40,673 to €33,214
of which Trade receivables: -€6,444
- Reserves +€88,962
up €88,962 (+27.3%), from €326,066 to €415,028
of which Distributable reserves: +€88,962
- Other debts -€35,000
down €35,000 (-100%), from €35,000 to €0
- Trade debts -€6,526
down €6,526 (-80.3%), from €8,131 to €1,605
- Gross operating margin -€10,970
down €10,970 (-7.4%), from €148,504 to €137,534
- Depreciation -€1,841
down €1,841 (-27.4%), from €6,725 to €4,884
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 | €391,934 | €436,941 | +€45,007 | +11.5% |
| Fixed assets | 21/28 | €25,833 | €26,853 | +€1,021 | +4.0% |
| Tangible fixed assets | 22/27 | €25,833 | €26,853 | +€1,021 | +4.0% |
| Land and buildings | 22 | €4,258 | €6,747 | +€2,488 | +58.4% |
| Plant, machinery and equipment | 23 | €10,678 | €8,668 | -€2,010 | -18.8% |
| Furniture and vehicles | 24 | €10,896 | €11,439 | +€542 | +5.0% |
| Current assets | 29/58 | €366,101 | €410,088 | +€43,987 | +12.0% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,673 | €33,214 | -€7,459 | -18.3% |
| Trade receivables | 40 | €23,666 | €17,222 | -€6,444 | -27.2% |
| Other amounts receivable | 41 | €17,007 | €15,992 | -€1,015 | -6.0% |
| Cash at bank and in hand | 54/58 | €273,140 | €326,257 | +€53,117 | +19.4% |
| Deferred charges and accrued income | 490/1 | €7,288 | €5,617 | -€1,671 | -22.9% |
| Total equity and liabilities | 10/49 | €391,934 | €436,941 | +€45,007 | +11.5% |
| Equity | 10/15 | €332,272 | €421,233 | +€88,962 | +26.8% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €326,066 | €415,028 | +€88,962 | +27.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €326,066 | €415,028 | +€88,962 | +27.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,662 | €15,708 | -€43,954 | -73.7% |
| Amounts payable within one year | 42/48 | €59,662 | €15,708 | -€43,954 | -73.7% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €8,131 | €1,605 | -€6,526 | -80.3% |
| Suppliers | 440/4 | €8,131 | €1,605 | -€6,526 | -80.3% |
| Taxes, remuneration and social security | 45 | €16,531 | €14,093 | -€2,438 | -14.7% |
| Taxes | 450/3 | €16,531 | €14,093 | -€2,438 | -14.7% |
| Other amounts payable | 47/48 | €35,000 | €0 | -€35,000 | -100% |
| Non-recurring operating income | 76A | €1,000 | €83 | -€917 | -91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,725 | €4,884 | -€1,841 | -27.4% |
| Other operating charges | 640/8 | €2,472 | €1,936 | -€536 | -21.7% |
| Non-recurring operating charges | 66A | - | €1,342 | +€1,342 | |
| Gross operating margin | 9900 | €148,504 | €137,534 | -€10,970 | -7.4% |
| Operating profit (loss) | 9901 | €139,307 | €129,372 | -€9,935 | -7.1% |
| Financial income | 75/76B | €1,031 | €1,878 | +€846 | +82.1% |
| Recurring financial income | 75 | €1,031 | €1,878 | +€846 | +82.1% |
| Financial charges | 65/66B | €138 | €150 | +€12 | +8.8% |
| Recurring financial charges | 65 | €138 | €150 | +€12 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €140,200 | €131,099 | -€9,101 | -6.5% |
| Income taxes | 67/77 | €41,648 | €42,138 | +€490 | +1.2% |
| Profit (loss) for the period | 9904 | €98,552 | €88,962 | -€9,590 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €98,552 | €88,962 | -€9,590 | -9.7% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.