NOVASYS: 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.
NOVASYS
Largest movements
- Cash -€31,005
down €31,005 (-59.9%), from €51,788 to €20,784
mainly Net result for the year (-€32,305) and Contributions, distributions and other (-€24,565)
- Receivables within one year +€13,784
up €13,784 (+23.0%), from €59,966 to €73,751
of which Trade receivables: +€10,091
- Current investments -€13,370
no longer reported in 2025 (was €13,370)
- Reserves -€40,157
down €40,157 (-27.6%), from €145,632 to €105,475
of which Distributable reserves: -€38,565
- Trade debts +€22,211
up €22,211 (+4494.7%), from €494 to €22,705
- Profit (loss) carried forward -€16,713
new in 2025: -€16,713
- Tax, wage and social debts +€3,175
up €3,175 (+9.5%), from €33,551 to €36,726
of which Remuneration and social security: +€4,061
- Gross operating margin -€125,229
down €125,229 (-44.9%), from €278,952 to €153,724
- Staff costs -€37,470
down €37,470 (-16.8%), from €222,404 to €184,934
- Taxes -€14,803
down €14,803 (-97.8%), from €15,141 to €338
- Financial charges -€6,906
down €6,906 (-91.9%), from €7,518 to €612
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 | €211,850 | €180,778 | -€31,072 | -14.7% |
| Fixed assets | 21/28 | €4,739 | €4,258 | -€481 | -10.2% |
| Tangible fixed assets | 22/27 | €2,939 | €2,458 | -€481 | -16.4% |
| Plant, machinery and equipment | 23 | €2,939 | €2,458 | -€481 | -16.4% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €207,110 | €176,520 | -€30,590 | -14.8% |
| Amounts receivable after more than one year | 29 | €81,986 | €81,986 | = | 0.0% |
| Other amounts receivable | 291 | €81,986 | €81,986 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,966 | €73,751 | +€13,784 | +23.0% |
| Trade receivables | 40 | €32,697 | €42,787 | +€10,091 | +30.9% |
| Other amounts receivable | 41 | €27,270 | €30,963 | +€3,693 | +13.5% |
| Current investments | 50/53 | €13,370 | - | -€13,370 | |
| Cash at bank and in hand | 54/58 | €51,788 | €20,784 | -€31,005 | -59.9% |
| Total equity and liabilities | 10/49 | €211,850 | €180,778 | -€31,072 | -14.7% |
| Equity | 10/15 | €145,632 | €88,762 | -€56,870 | -39.1% |
| Reserves | 13 | €145,632 | €105,475 | -€40,157 | -27.6% |
| Tax-exempt reserves | 132 | €1,592 | - | -€1,592 | |
| Distributable reserves | 133 | €144,040 | €105,475 | -€38,565 | -26.8% |
| Profit (loss) carried forward | 14 | - | -€16,713 | -€16,713 | |
| Amounts payable | 17/49 | €66,217 | €92,016 | +€25,799 | +39.0% |
| Amounts payable within one year | 42/48 | €65,852 | €91,674 | +€25,822 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €31,807 | €31,776 | -€31 | -0.1% |
| Trade debts | 44 | €494 | €22,705 | +€22,211 | +4494.7% |
| Suppliers | 440/4 | €494 | €22,705 | +€22,211 | +4494.7% |
| Taxes, remuneration and social security | 45 | €33,551 | €36,726 | +€3,175 | +9.5% |
| Taxes | 450/3 | €13,875 | €12,989 | -€886 | -6.4% |
| Remuneration and social security | 454/9 | €19,676 | €23,737 | +€4,061 | +20.6% |
| Other amounts payable | 47/48 | - | €467 | +€467 | |
| Accrued charges and deferred income | 492/3 | €365 | €342 | -€23 | -6.3% |
| Non-recurring operating income | 76A | €64,255 | - | -€64,255 | |
| Remuneration, social security and pensions | 62 | €222,404 | €184,934 | -€37,470 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,533 | €1,830 | +€297 | +19.3% |
| Other operating charges | 640/8 | €1,934 | €1,449 | -€485 | -25.1% |
| Gross operating margin | 9900 | €278,952 | €153,724 | -€125,229 | -44.9% |
| Operating profit (loss) | 9901 | €53,081 | -€34,489 | -€87,570 | |
| Financial income | 75/76B | €5,328 | €3,133 | -€2,195 | -41.2% |
| Recurring financial income | 75 | €5,328 | €3,133 | -€2,195 | -41.2% |
| Financial charges | 65/66B | €7,518 | €612 | -€6,906 | -91.9% |
| Recurring financial charges | 65 | €7,518 | €612 | -€6,906 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | €50,891 | -€31,967 | -€82,858 | |
| Income taxes | 67/77 | €15,141 | €338 | -€14,803 | -97.8% |
| Profit (loss) for the period | 9904 | €35,750 | -€32,305 | -€68,055 | |
| Transfer from tax-exempt reserves | 789 | - | €1,592 | +€1,592 | |
| Transfer to tax-exempt reserves | 689 | €99 | - | -€99 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,651 | -€30,713 | -€66,364 |
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 12 October 2026 via checked.be.