NOVASTRUCT: what changed
Two fiscal 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.
NOVASTRUCT
Largest movements
- Receivables within one year +€27,706
up €27,706 (+75.7%), from €36,575 to €64,281
of which Trade receivables: +€26,251
- Cash +€4,150
up €4,150 (+14.9%), from €27,851 to €32,000
mainly Net result for the year (+€25,473) and Depreciation (+€3,916)
- Tangible fixed assets -€3,916
down €3,916 (-42.2%), from €9,275 to €5,359
- Profit (loss) carried forward +€25,473
up €25,473 (+43.0%), from €59,188 to €84,661
- Trade debts +€1,770
new in 2025: €1,770
- Gross operating margin -€12,915
down €12,915 (-26.3%), from €49,052 to €36,137
- Taxes -€2,569
down €2,569 (-28.3%), from €9,071 to €6,501
- Depreciation +€1,335
up €1,335 (+51.7%), from €2,581 to €3,916
- Other operating charges -€937
down €937 (-91.0%), from €1,030 to €93
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.
Cash bridge derived
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 | €73,985 | €102,003 | +€28,018 | +37.9% |
| Fixed assets | 21/28 | €9,275 | €5,359 | -€3,916 | -42.2% |
| Tangible fixed assets | 22/27 | €9,275 | €5,359 | -€3,916 | -42.2% |
| Furniture and vehicles | 24 | €9,275 | €5,359 | -€3,916 | -42.2% |
| Current assets | 29/58 | €64,709 | €96,644 | +€31,935 | +49.4% |
| Amounts receivable within one year | 40/41 | €36,575 | €64,281 | +€27,706 | +75.7% |
| Trade receivables | 40 | €35,449 | €61,700 | +€26,251 | +74.1% |
| Other amounts receivable | 41 | €1,127 | €2,581 | +€1,454 | +129.1% |
| Cash at bank and in hand | 54/58 | €27,851 | €32,000 | +€4,150 | +14.9% |
| Deferred charges and accrued income | 490/1 | €283 | €363 | +€79 | +28.1% |
| Total equity and liabilities | 10/49 | €73,985 | €102,003 | +€28,018 | +37.9% |
| Equity | 10/15 | €59,188 | €84,661 | +€25,473 | +43.0% |
| Profit (loss) carried forward | 14 | €59,188 | €84,661 | +€25,473 | +43.0% |
| Amounts payable | 17/49 | €14,797 | €17,342 | +€2,545 | +17.2% |
| Amounts payable within one year | 42/48 | €14,797 | €17,342 | +€2,545 | +17.2% |
| Trade debts | 44 | - | €1,770 | +€1,770 | |
| Suppliers | 440/4 | - | €1,770 | +€1,770 | |
| Taxes, remuneration and social security | 45 | €14,797 | €15,572 | +€775 | +5.2% |
| Taxes | 450/3 | €14,797 | €15,572 | +€775 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,581 | €3,916 | +€1,335 | +51.7% |
| Other operating charges | 640/8 | €1,030 | €93 | -€937 | -91.0% |
| Gross operating margin | 9900 | €49,052 | €36,137 | -€12,915 | -26.3% |
| Operating profit (loss) | 9901 | €45,441 | €32,128 | -€13,313 | -29.3% |
| Financial charges | 65/66B | €88 | €153 | +€66 | +75.0% |
| Recurring financial charges | 65 | €88 | €153 | +€66 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | €45,353 | €31,975 | -€13,379 | -29.5% |
| Income taxes | 67/77 | €9,071 | €6,501 | -€2,569 | -28.3% |
| Profit (loss) for the period | 9904 | €36,283 | €25,473 | -€10,809 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,283 | €25,473 | -€10,809 | -29.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.