novasteria: 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.
novasteria
Largest movements
- Cash +€25,547
up €25,547 (+20.1%), from €127,250 to €152,797
mainly Net result for the year (+€38,364) and Tax, wage and social debts (+€8,205)
- Receivables within one year +€21,494
up €21,494 (+63.1%), from €34,039 to €55,533
of which Trade receivables: +€22,419
- Tangible fixed assets -€5,172
down €5,172 (-30.8%), from €16,794 to €11,621
of which Furniture and vehicles: -€4,291
- Reserves +€38,364
up €38,364 (+126%), from €30,337 to €68,701
of which Distributable reserves: +€38,364
- Tax, wage and social debts +€8,205
new in 2025: €8,205
- Other debts -€6,873
down €6,873 (-71.6%), from €9,596 to €2,723
- Gross operating margin +€35,223
up €35,223 (+122%), from €28,860 to €64,083
- Taxes +€9,768
up €9,768 (+152%), from €6,437 to €16,205
- Other operating charges +€1,125
up €1,125 (+184%), from €612 to €1,737
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 | €180,754 | €222,316 | +€41,562 | +23.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €16,844 | €11,671 | -€5,172 | -30.7% |
| Tangible fixed assets | 22/27 | €16,794 | €11,621 | -€5,172 | -30.8% |
| Land and buildings | 22 | €5,071 | €4,189 | -€881 | -17.4% |
| Furniture and vehicles | 24 | €11,723 | €7,432 | -€4,291 | -36.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €163,911 | €210,645 | +€46,734 | +28.5% |
| Amounts receivable within one year | 40/41 | €34,039 | €55,533 | +€21,494 | +63.1% |
| Trade receivables | 40 | €25,330 | €47,749 | +€22,419 | +88.5% |
| Other amounts receivable | 41 | €8,709 | €7,785 | -€925 | -10.6% |
| Cash at bank and in hand | 54/58 | €127,250 | €152,797 | +€25,547 | +20.1% |
| Deferred charges and accrued income | 490/1 | €2,621 | €2,314 | -€307 | -11.7% |
| Total equity and liabilities | 10/49 | €180,754 | €222,316 | +€41,562 | +23.0% |
| Equity | 10/15 | €170,338 | €208,702 | +€38,364 | +22.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,337 | €68,701 | +€38,364 | +126% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,477 | €66,841 | +€38,364 | +135% |
| Profit (loss) carried forward | 14 | €133,801 | €133,801 | = | 0.0% |
| Amounts payable | 17/49 | €10,416 | €13,614 | +€3,198 | +30.7% |
| Amounts payable within one year | 42/48 | €10,416 | €13,614 | +€3,198 | +30.7% |
| Trade debts | 44 | €820 | €2,686 | +€1,866 | +228% |
| Suppliers | 440/4 | €820 | €2,686 | +€1,866 | +228% |
| Taxes, remuneration and social security | 45 | - | €8,205 | +€8,205 | |
| Taxes | 450/3 | - | €8,205 | +€8,205 | |
| Other amounts payable | 47/48 | €9,596 | €2,723 | -€6,873 | -71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,937 | €7,397 | -€540 | -6.8% |
| Other operating charges | 640/8 | €612 | €1,737 | +€1,125 | +184% |
| Gross operating margin | 9900 | €28,860 | €64,083 | +€35,223 | +122% |
| Operating profit (loss) | 9901 | €20,311 | €54,948 | +€34,638 | +171% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €221 | €380 | +€158 | +71.5% |
| Recurring financial charges | 65 | €221 | €380 | +€158 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €20,091 | €54,569 | +€34,478 | +172% |
| Income taxes | 67/77 | €6,437 | €16,205 | +€9,768 | +152% |
| Profit (loss) for the period | 9904 | €13,654 | €38,364 | +€24,709 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €13,654 | €38,364 | +€24,709 | +181% |
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.