NOVASI: 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.
NOVASI
Largest movements
- Tangible fixed assets +€37,345
up €37,345 (+4,582%), from €815 to €38,160
of which Furniture and vehicles: +€37,706
- Stocks and contracts +€30,000
new in 2025: €30,000
- Cash +€18,516
up €18,516 (+120%), from €15,457 to €33,974
mainly Debts after one year (+€125,778) and Advances received (+€60,000)
- Debts after one year +€125,778
up €125,778 (+113%), from €111,000 to €236,778
- Profit (loss) carried forward -€112,139
down €112,139 (-200%), from -€56,194 to -€168,333
- Advances received +€60,000
new in 2025: €60,000
- Trade debts +€11,770
up €11,770 (+1,067%), from €1,103 to €12,873
- Other debts -€7,886
down €7,886 (-84.1%), from €9,372 to €1,486
- Staff costs +€59,241
up €59,241 (+2,240%), from €2,644 to €61,886
- Gross operating margin +€10,263
up €10,263 (+19.5%), from -€52,628 to -€42,365
- Depreciation +€4,296
up €4,296 (+1,611%), from €267 to €4,563
- Other operating charges +€2,700
up €2,700 (+570%), from €474 to €3,174
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 | €71,680 | €156,812 | +€85,132 | +119% |
| Fixed assets | 21/28 | €815 | €38,160 | +€37,345 | +4,582% |
| Tangible fixed assets | 22/27 | €815 | €38,160 | +€37,345 | +4,582% |
| Plant, machinery and equipment | 23 | €815 | €454 | -€361 | -44.2% |
| Furniture and vehicles | 24 | - | €37,706 | +€37,706 | |
| Current assets | 29/58 | €70,865 | €118,652 | +€47,787 | +67.4% |
| Stocks and contracts in progress | 3 | - | €30,000 | +€30,000 | |
| Stocks | 30/36 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €55,408 | €54,678 | -€729 | -1.3% |
| Trade receivables | 40 | €52,814 | €54,678 | +€1,864 | +3.5% |
| Other amounts receivable | 41 | €2,594 | €0 | -€2,594 | -100% |
| Cash at bank and in hand | 54/58 | €15,457 | €33,974 | +€18,516 | +120% |
| Total equity and liabilities | 10/49 | €71,680 | €156,812 | +€85,132 | +119% |
| Equity | 10/15 | -€50,194 | -€162,333 | -€112,139 | -223% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,194 | -€168,333 | -€112,139 | -200% |
| Amounts payable | 17/49 | €121,874 | €319,145 | +€197,271 | +162% |
| Amounts payable after more than one year | 17 | €111,000 | €236,778 | +€125,778 | +113% |
| Financial debts | 170/4 | €111,000 | €236,778 | +€125,778 | +113% |
| Amounts payable within one year | 42/48 | €10,874 | €82,367 | +€71,493 | +657% |
| Trade debts | 44 | €1,103 | €12,873 | +€11,770 | +1,067% |
| Suppliers | 440/4 | €1,103 | €12,873 | +€11,770 | +1,067% |
| Advances received on contracts in progress | 46 | - | €60,000 | +€60,000 | |
| Taxes, remuneration and social security | 45 | €399 | €8,008 | +€7,609 | +1,906% |
| Taxes | 450/3 | - | €467 | +€467 | |
| Remuneration and social security | 454/9 | €399 | €7,541 | +€7,142 | +1,789% |
| Other amounts payable | 47/48 | €9,372 | €1,486 | -€7,886 | -84.1% |
| Remuneration, social security and pensions | 62 | €2,644 | €61,886 | +€59,241 | +2,240% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267 | €4,563 | +€4,296 | +1,611% |
| Other operating charges | 640/8 | €474 | €3,174 | +€2,700 | +570% |
| Gross operating margin | 9900 | -€52,628 | -€42,365 | +€10,263 | +19.5% |
| Operating profit (loss) | 9901 | -€56,014 | -€111,988 | -€55,975 | -99.9% |
| Financial charges | 65/66B | €180 | €151 | -€30 | -16.5% |
| Recurring financial charges | 65 | €180 | €151 | -€30 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | -€56,194 | -€112,139 | -€55,945 | -99.6% |
| Profit (loss) for the period | 9904 | -€56,194 | -€112,139 | -€55,945 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,194 | -€112,139 | -€55,945 | -99.6% |
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 22 October 2026 via checked.be.