NOVAS: 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.
NOVAS
Largest movements
- Intangible fixed assets +€32,695
new in 2025: €32,695
- Tangible fixed assets -€12,566
down €12,566 (-74.8%), from €16,800 to €4,234
of which Furniture and vehicles: -€12,566
- Receivables within one year +€11,042
up €11,042 (+48.3%), from €22,841 to €33,883
of which Trade receivables: +€13,654
- Tax, wage and social debts +€34,341
up €34,341 (+82.1%), from €41,822 to €76,164
of which Remuneration and social security: +€54,831
- Profit (loss) carried forward +€10,200
up €10,200 (+21.7%), from €47,086 to €57,286
- Other debts -€8,804
down €8,804 (-16.4%), from €53,782 to €44,979
- Trade debts -€4,812
down €4,812 (-24.8%), from €19,416 to €14,605
- Gross operating margin -€16,924
down €16,924 (-33.7%), from €50,175 to €33,251
- Depreciation +€13,245
new in 2025: €13,245
- Taxes -€10,493
down €10,493 (-66.4%), from €15,812 to €5,319
- Staff costs +€3,870
new in 2025: €3,870
- Other operating charges -€832
down €832 (-56.9%), from €1,462 to €630
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 | €250,349 | €281,275 | +€30,926 | +12.4% |
| Fixed assets | 21/28 | €17,400 | €37,529 | +€20,129 | +116% |
| Intangible fixed assets | 21 | - | €32,695 | +€32,695 | |
| Tangible fixed assets | 22/27 | €16,800 | €4,234 | -€12,566 | -74.8% |
| Plant, machinery and equipment | 23 | €16 | €16 | = | 0.0% |
| Furniture and vehicles | 24 | €16,784 | €4,218 | -€12,566 | -74.9% |
| Financial fixed assets | 28 | €601 | €601 | = | 0.0% |
| Current assets | 29/58 | €232,948 | €243,745 | +€10,797 | +4.6% |
| Amounts receivable within one year | 40/41 | €22,841 | €33,883 | +€11,042 | +48.3% |
| Trade receivables | 40 | €9,311 | €22,965 | +€13,654 | +147% |
| Other amounts receivable | 41 | €13,529 | €10,918 | -€2,612 | -19.3% |
| Cash at bank and in hand | 54/58 | €206,752 | €206,408 | -€344 | -0.2% |
| Deferred charges and accrued income | 490/1 | €3,356 | €3,455 | +€99 | +3.0% |
| Total equity and liabilities | 10/49 | €250,349 | €281,275 | +€30,926 | +12.4% |
| Equity | 10/15 | €134,590 | €144,790 | +€10,200 | +7.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Contributions outside capital | 11 | €61,973 | €61,973 | = | 0.0% |
| Other | 1109/19 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €25,530 | €25,530 | = | 0.0% |
| Distributable reserves | 133 | €25,530 | €25,530 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,086 | €57,286 | +€10,200 | +21.7% |
| Amounts payable | 17/49 | €115,759 | €136,485 | +€20,726 | +17.9% |
| Amounts payable within one year | 42/48 | €115,759 | €136,485 | +€20,726 | +17.9% |
| Trade debts | 44 | €19,416 | €14,605 | -€4,812 | -24.8% |
| Suppliers | 440/4 | €19,416 | €14,605 | -€4,812 | -24.8% |
| Advances received on contracts in progress | 46 | €738 | €738 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €41,822 | €76,164 | +€34,341 | +82.1% |
| Taxes | 450/3 | €38,116 | €17,626 | -€20,489 | -53.8% |
| Remuneration and social security | 454/9 | €3,707 | €58,537 | +€54,831 | +1,479% |
| Other amounts payable | 47/48 | €53,782 | €44,979 | -€8,804 | -16.4% |
| Remuneration, social security and pensions | 62 | - | €3,870 | +€3,870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €13,245 | +€13,245 | |
| Other operating charges | 640/8 | €1,462 | €630 | -€832 | -56.9% |
| Gross operating margin | 9900 | €50,175 | €33,251 | -€16,924 | -33.7% |
| Operating profit (loss) | 9901 | €48,713 | €15,507 | -€33,206 | -68.2% |
| Financial income | 75/76B | €230 | €0 | -€230 | -99.8% |
| Recurring financial income | 75 | €230 | €0 | -€230 | -99.8% |
| Financial charges | 65/66B | €6 | -€11 | -€17 | |
| Recurring financial charges | 65 | €6 | -€11 | -€17 | |
| Profit (loss) for the period before taxes | 9903 | €48,937 | €15,519 | -€33,418 | -68.3% |
| Income taxes | 67/77 | €15,812 | €5,319 | -€10,493 | -66.4% |
| Profit (loss) for the period | 9904 | €33,125 | €10,200 | -€22,925 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,125 | €10,200 | -€22,925 | -69.2% |
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 18 October 2026 via checked.be.