NOVATI: 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.
NOVATI
Largest movements
- Receivables within one year -€9,304
down €9,304 (-23.8%), from €39,127 to €29,823
of which Trade receivables: -€7,200
- Current investments +€7,600
up €7,600 (+54.0%), from €14,075 to €21,674
- Tangible fixed assets +€6,545
up €6,545 (+200.8%), from €3,259 to €9,804
of which Other tangible fixed assets: +€6,636
- Cash +€4,228
up €4,228 (+38.7%), from €10,926 to €15,154
mainly Net result for the year (+€44,946) and Other debts (+€24,815)
- Deferred charges and accrued income -€1,013
no longer reported in 2025 (was €1,013)
- Other debts +€24,815
up €24,815 (+122.7%), from €20,231 to €45,046
- Accrued charges and deferred income -€14,336
no longer reported in 2025 (was €14,336)
- Tax, wage and social debts -€2,331
down €2,331 (-15.7%), from €14,831 to €12,500
of which Remuneration and social security: -€2,500
- Gross operating margin +€45,433
up €45,433 (+298.9%), from €15,200 to €60,633
- Taxes +€9,192
up €9,192 (+228.0%), from €4,031 to €13,224
- Depreciation +€623
up €623 (+57.8%), from €1,078 to €1,701
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 | €68,550 | €76,605 | +€8,055 | +11.8% |
| Fixed assets | 21/28 | €3,409 | €9,954 | +€6,545 | +192.0% |
| Tangible fixed assets | 22/27 | €3,259 | €9,804 | +€6,545 | +200.8% |
| Plant, machinery and equipment | 23 | €1,224 | €2,171 | +€947 | +77.4% |
| Furniture and vehicles | 24 | €2,035 | €997 | -€1,039 | -51.0% |
| Other tangible fixed assets | 26 | - | €6,636 | +€6,636 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €65,141 | €66,652 | +€1,510 | +2.3% |
| Amounts receivable within one year | 40/41 | €39,127 | €29,823 | -€9,304 | -23.8% |
| Trade receivables | 40 | €35,998 | €28,798 | -€7,200 | -20.0% |
| Other amounts receivable | 41 | €3,129 | €1,025 | -€2,104 | -67.3% |
| Current investments | 50/53 | €14,075 | €21,674 | +€7,600 | +54.0% |
| Cash at bank and in hand | 54/58 | €10,926 | €15,154 | +€4,228 | +38.7% |
| Deferred charges and accrued income | 490/1 | €1,013 | - | -€1,013 | |
| Total equity and liabilities | 10/49 | €68,550 | €76,605 | +€8,055 | +11.8% |
| Equity | 10/15 | €18,865 | €18,812 | -€54 | -0.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €315 | €262 | -€54 | -17.0% |
| Amounts payable | 17/49 | €49,685 | €57,793 | +€8,109 | +16.3% |
| Amounts payable within one year | 42/48 | €35,349 | €57,793 | +€22,444 | +63.5% |
| Trade debts | 44 | €287 | €247 | -€40 | -14.0% |
| Suppliers | 440/4 | €287 | €247 | -€40 | -14.0% |
| Taxes, remuneration and social security | 45 | €14,831 | €12,500 | -€2,331 | -15.7% |
| Taxes | 450/3 | €12,331 | €12,500 | +€169 | +1.4% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €20,231 | €45,046 | +€24,815 | +122.7% |
| Accrued charges and deferred income | 492/3 | €14,336 | - | -€14,336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,078 | €1,701 | +€623 | +57.8% |
| Other operating charges | 640/8 | €676 | €644 | -€32 | -4.8% |
| Gross operating margin | 9900 | €15,200 | €60,633 | +€45,433 | +298.9% |
| Operating profit (loss) | 9901 | €13,447 | €58,289 | +€44,842 | +333.5% |
| Financial income | 75/76B | €273 | €173 | -€100 | -36.5% |
| Recurring financial income | 75 | €273 | €173 | -€100 | -36.5% |
| Financial charges | 65/66B | €397 | €292 | -€105 | -26.4% |
| Recurring financial charges | 65 | €397 | €292 | -€105 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €13,323 | €58,170 | +€44,847 | +336.6% |
| Income taxes | 67/77 | €4,031 | €13,224 | +€9,192 | +228.0% |
| Profit (loss) for the period | 9904 | €9,291 | €44,946 | +€35,655 | +383.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,291 | €44,946 | +€35,655 | +383.7% |
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 2 October 2026 via checked.be.