Novaspace: 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.
Novaspace
Largest movements
- Cash +€904,050
up €904,050 (+117%), from €771,317 to €1.7m
mainly Accrued charges and deferred income (+€402,638) and Advances received (+€360,616)
- Receivables within one year +€179,950
up €179,950 (+4.7%), from €3.8m to €4.0m
of which Other amounts receivable: +€107,728
- Accrued charges and deferred income +€402,638
up €402,638 (+486%), from €82,893 to €485,531
- Advances received +€360,616
up €360,616 (+122%), from €295,384 to €656,000
- Trade debts +€339,521
up €339,521 (+15.2%), from €2.2m to €2.6m
- Profit (loss) carried forward +€213,080
up €213,080 (+13.5%), from €1.6m to €1.8m
- Short-term financial debts -€134,172
down €134,172 (-57.1%), from €235,068 to €100,895
- Staff costs +€266,466
up €266,466 (+22.4%), from €1.2m to €1.5m
- Gross operating margin +€133,854
up €133,854 (+8.2%), from €1.6m to €1.8m
- Taxes -€33,757
down €33,757 (-29.7%), from €113,543 to €79,786
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 | €4,646,011 | €5,726,974 | +€1.1m | +23.3% |
| Fixed assets | 21/28 | €3,919 | €1,852 | -€2,067 | -52.7% |
| Tangible fixed assets | 22/27 | €3,919 | €1,852 | -€2,067 | -52.7% |
| Furniture and vehicles | 24 | €3,919 | €1,852 | -€2,067 | -52.7% |
| Current assets | 29/58 | €4,642,092 | €5,725,122 | +€1.1m | +23.3% |
| Amounts receivable within one year | 40/41 | €3,826,362 | €4,006,313 | +€179,950 | +4.7% |
| Trade receivables | 40 | €3,459,362 | €3,531,584 | +€72,222 | +2.1% |
| Other amounts receivable | 41 | €367,000 | €474,728 | +€107,728 | +29.4% |
| Cash at bank and in hand | 54/58 | €771,317 | €1,675,367 | +€904,050 | +117% |
| Deferred charges and accrued income | 490/1 | €44,412 | €43,442 | -€970 | -2.2% |
| Total equity and liabilities | 10/49 | €4,646,011 | €5,726,974 | +€1.1m | +23.3% |
| Equity | 10/15 | €1,585,292 | €1,798,372 | +€213,080 | +13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,577,232 | €1,790,312 | +€213,080 | +13.5% |
| Amounts payable | 17/49 | €3,060,719 | €3,928,602 | +€867,883 | +28.4% |
| Amounts payable within one year | 42/48 | €2,977,826 | €3,443,071 | +€465,245 | +15.6% |
| Financial debts | 43 | €235,068 | €100,895 | -€134,172 | -57.1% |
| Credit institutions | 430/8 | €235,068 | €100,895 | -€134,172 | -57.1% |
| Trade debts | 44 | €2,231,624 | €2,571,144 | +€339,521 | +15.2% |
| Suppliers | 440/4 | €2,231,624 | €2,571,144 | +€339,521 | +15.2% |
| Advances received on contracts in progress | 46 | €295,384 | €656,000 | +€360,616 | +122% |
| Taxes, remuneration and social security | 45 | €115,750 | €115,031 | -€719 | -0.6% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €115,750 | €115,031 | -€719 | -0.6% |
| Other amounts payable | 47/48 | €100,000 | €0 | -€100,000 | -100% |
| Accrued charges and deferred income | 492/3 | €82,893 | €485,531 | +€402,638 | +486% |
| Remuneration, social security and pensions | 62 | €1,187,373 | €1,453,839 | +€266,466 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,899 | €2,067 | -€3,831 | -65.0% |
| Other operating charges | 640/8 | €968 | €5,523 | +€4,556 | +471% |
| Gross operating margin | 9900 | €1,637,104 | €1,770,958 | +€133,854 | +8.2% |
| Operating profit (loss) | 9901 | €442,866 | €309,529 | -€133,337 | -30.1% |
| Financial income | 75/76B | €8,423 | €9,979 | +€1,556 | +18.5% |
| Recurring financial income | 75 | €8,423 | €9,979 | +€1,556 | +18.5% |
| Financial charges | 65/66B | €20,286 | €26,642 | +€6,356 | +31.3% |
| Recurring financial charges | 65 | €20,286 | €26,642 | +€6,356 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €431,003 | €292,866 | -€138,136 | -32.0% |
| Income taxes | 67/77 | €113,543 | €79,786 | -€33,757 | -29.7% |
| Profit (loss) for the period | 9904 | €317,459 | €213,080 | -€104,379 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €317,459 | €213,080 | -€104,379 | -32.9% |
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 13 October 2026 via checked.be.