Novatex: 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.
Novatex
Largest movements
- Cash -€56,122
down €56,122 (-48.1%), from €116,650 to €60,528
mainly Trade debts (-€19,317) and Debts after one year (-€12,921)
- Receivables within one year +€4,678
up €4,678 (+28.5%), from €16,389 to €21,067
of which Trade receivables: +€4,591
- Stocks and contracts -€4,403
down €4,403 (-3.1%), from €140,315 to €135,912
- Trade debts -€19,317
down €19,317 (-49.8%), from €38,825 to €19,508
of which Suppliers: -€19,382
- Debts after one year -€12,921
no longer reported in 2026 (was €12,921)
- Current portion of long-term debt -€12,073
down €12,073 (-48.3%), from €24,994 to €12,921
- Reserves +€11,283
up €11,283 (+14.2%), from €79,714 to €90,997
- Tax, wage and social debts -€9,951
down €9,951 (-28.4%), from €35,000 to €25,050
of which Taxes: -€11,441
- Gross operating margin -€7,532
down €7,532 (-5.5%), from €136,378 to €128,846
- Staff costs +€7,380
up €7,380 (+7.4%), from €99,362 to €106,742
- Other operating charges -€3,796
down €3,796 (-66.3%), from €5,728 to €1,932
- Taxes -€1,977
down €1,977 (-20.7%), from €9,530 to €7,554
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €280,471 | €227,656 | -€52,815 | -18.8% |
| Fixed assets | 21/28 | €4,866 | €6,481 | +€1,615 | +33.2% |
| Tangible fixed assets | 22/27 | €4,666 | €6,281 | +€1,615 | +34.6% |
| Furniture and vehicles | 24 | €3,346 | €2,537 | -€809 | -24.2% |
| Other tangible fixed assets | 26 | €1,320 | €3,744 | +€2,424 | +184% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €275,605 | €221,175 | -€54,430 | -19.7% |
| Stocks and contracts in progress | 3 | €140,315 | €135,912 | -€4,403 | -3.1% |
| Stocks | 30/36 | €140,315 | €135,912 | -€4,403 | -3.1% |
| Amounts receivable within one year | 40/41 | €16,389 | €21,067 | +€4,678 | +28.5% |
| Trade receivables | 40 | €4,955 | €9,546 | +€4,591 | +92.6% |
| Other amounts receivable | 41 | €11,434 | €11,521 | +€87 | +0.8% |
| Cash at bank and in hand | 54/58 | €116,650 | €60,528 | -€56,122 | -48.1% |
| Deferred charges and accrued income | 490/1 | €2,250 | €3,668 | +€1,417 | +63.0% |
| Total equity and liabilities | 10/49 | €280,471 | €227,656 | -€52,815 | -18.8% |
| Equity | 10/15 | €129,518 | €140,801 | +€11,283 | +8.7% |
| Contributions | 10/11 | €48,000 | €48,000 | = | 0.0% |
| Contributions outside capital | 11 | €48,000 | €48,000 | = | 0.0% |
| Other | 1109/19 | €48,000 | €48,000 | = | 0.0% |
| Reserves | 13 | €79,714 | €90,997 | +€11,283 | +14.2% |
| Distributable reserves | 133 | €79,714 | €90,997 | +€11,283 | +14.2% |
| Profit (loss) carried forward | 14 | €1,804 | €1,804 | = | 0.0% |
| Amounts payable | 17/49 | €150,953 | €86,855 | -€64,098 | -42.5% |
| Amounts payable after more than one year | 17 | €12,921 | - | -€12,921 | |
| Financial debts | 170/4 | €12,921 | - | -€12,921 | |
| Amounts payable within one year | 42/48 | €138,032 | €86,855 | -€51,178 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €24,994 | €12,921 | -€12,073 | -48.3% |
| Trade debts | 44 | €38,825 | €19,508 | -€19,317 | -49.8% |
| Suppliers | 440/4 | €38,825 | €19,443 | -€19,382 | -49.9% |
| Bills of exchange payable | 441 | - | €65 | +€65 | |
| Taxes, remuneration and social security | 45 | €35,000 | €25,050 | -€9,951 | -28.4% |
| Taxes | 450/3 | €23,616 | €12,175 | -€11,441 | -48.4% |
| Remuneration and social security | 454/9 | €11,385 | €12,875 | +€1,490 | +13.1% |
| Other amounts payable | 47/48 | €39,213 | €29,377 | -€9,836 | -25.1% |
| Non-recurring operating income | 76A | €227,393 | - | -€227,393 | |
| Remuneration, social security and pensions | 62 | €99,362 | €106,742 | +€7,380 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,008 | €1,795 | -€214 | -10.6% |
| Other operating charges | 640/8 | €5,728 | €1,932 | -€3,796 | -66.3% |
| Non-recurring operating charges | 66A | €3,977 | - | -€3,977 | |
| Gross operating margin | 9900 | €136,378 | €128,846 | -€7,532 | -5.5% |
| Operating profit (loss) | 9901 | €25,302 | €18,377 | -€6,925 | -27.4% |
| Financial income | 75/76B | €3,059 | €2,996 | -€62 | -2.0% |
| Recurring financial income | 75 | €3,059 | €2,996 | -€62 | -2.0% |
| Financial charges | 65/66B | €2,660 | €2,537 | -€123 | -4.6% |
| Recurring financial charges | 65 | €2,660 | €2,537 | -€123 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €25,701 | €18,836 | -€6,865 | -26.7% |
| Income taxes | 67/77 | €9,530 | €7,554 | -€1,977 | -20.7% |
| Profit (loss) for the period | 9904 | €16,171 | €11,283 | -€4,888 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,171 | €11,283 | -€4,888 | -30.2% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.