NOVATEC: 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.
NOVATEC
Largest movements
- Receivables within one year +€77,055
up €77,055 (+240.5%), from €32,046 to €109,101
of which Trade receivables: +€76,416
- Cash -€5,173
down €5,173 (-33.1%), from €15,639 to €10,466
mainly Receivables within one year (-€77,055) and Investment in fixed assets (net) (-€1,825)
- Trade debts +€53,804
up €53,804 (+171.2%), from €31,436 to €85,240
- Profit (loss) carried forward +€14,106
up €14,106 (+94.8%), from €14,886 to €28,992
- Tax, wage and social debts +€3,857
up €3,857 (+90.6%), from €4,258 to €8,115
- Staff costs +€4,261
new in 2024: €4,261
- Gross operating margin +€1,612
up €1,612 (+7.1%), from €22,830 to €24,443
- Depreciation +€1,170
up €1,170 (+151.4%), from €773 to €1,943
- Other operating charges -€1,097
down €1,097 (-88.6%), from €1,237 to €141
- Taxes -€401
down €401 (-9.4%), from €4,258 to €3,857
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,742 | €124,505 | +€71,763 | +136.1% |
| Fixed assets | 21/28 | €5,057 | €4,938 | -€118 | -2.3% |
| Tangible fixed assets | 22/27 | €5,057 | €4,938 | -€118 | -2.3% |
| Plant, machinery and equipment | 23 | €1,390 | €2,738 | +€1,348 | +97.0% |
| Furniture and vehicles | 24 | €3,667 | €2,200 | -€1,467 | -40.0% |
| Current assets | 29/58 | €47,685 | €119,567 | +€71,882 | +150.7% |
| Amounts receivable within one year | 40/41 | €32,046 | €109,101 | +€77,055 | +240.5% |
| Trade receivables | 40 | €29,542 | €105,957 | +€76,416 | +258.7% |
| Other amounts receivable | 41 | €2,504 | €3,144 | +€640 | +25.5% |
| Cash at bank and in hand | 54/58 | €15,639 | €10,466 | -€5,173 | -33.1% |
| Total equity and liabilities | 10/49 | €52,742 | €124,505 | +€71,763 | +136.1% |
| Equity | 10/15 | €16,886 | €30,992 | +€14,106 | +83.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,886 | €28,992 | +€14,106 | +94.8% |
| Amounts payable | 17/49 | €35,856 | €93,513 | +€57,658 | +160.8% |
| Amounts payable within one year | 42/48 | €35,856 | €93,513 | +€57,658 | +160.8% |
| Trade debts | 44 | €31,436 | €85,240 | +€53,804 | +171.2% |
| Suppliers | 440/4 | €31,436 | €85,240 | +€53,804 | +171.2% |
| Taxes, remuneration and social security | 45 | €4,258 | €8,115 | +€3,857 | +90.6% |
| Taxes | 450/3 | €4,258 | €8,115 | +€3,857 | +90.6% |
| Other amounts payable | 47/48 | €162 | €159 | -€3 | -1.8% |
| Remuneration, social security and pensions | 62 | - | €4,261 | +€4,261 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €773 | €1,943 | +€1,170 | +151.4% |
| Other operating charges | 640/8 | €1,237 | €141 | -€1,097 | -88.6% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | €22,830 | €24,443 | +€1,612 | +7.1% |
| Operating profit (loss) | 9901 | €20,770 | €18,098 | -€2,672 | -12.9% |
| Financial charges | 65/66B | €60 | €135 | +€75 | +125.0% |
| Recurring financial charges | 65 | €60 | €135 | +€75 | +125.0% |
| Profit (loss) for the period before taxes | 9903 | €20,710 | €17,963 | -€2,747 | -13.3% |
| Income taxes | 67/77 | €4,258 | €3,857 | -€401 | -9.4% |
| Profit (loss) for the period | 9904 | €16,452 | €14,106 | -€2,346 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,452 | €14,106 | -€2,346 | -14.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.