NOVATIO HOLDING: 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.
NOVATIO HOLDING
Largest movements
- Financial fixed assets +€11.1m
up €11.1m (+120%), from €9.3m to €20.4m
- Cash -€1.2m
down €1.2m (-90.6%), from €1.4m to €128,919
mainly Investment in fixed assets (net) (-€11.1m) and Receivables within one year (-€905,163)
- Receivables within one year +€905,163
up €905,163 (+944%), from €95,851 to €1.0m
of which Other amounts receivable: +€906,399
- Revaluation surpluses +€10.4m
new in 2025: €10.4m
- Other debts +€224,702
up €224,702 (+179%), from €125,298 to €350,000
- Financial income -€552,416
down €552,416 (-52.9%), from €1.0m to €492,204
of which Financial income: -€481,862
- Services and other goods -€28,726
down €28,726 (-11.3%), from €254,252 to €225,526
- Turnover -€26,352
down €26,352 (-5.2%), from €506,100 to €479,748
- Staff costs +€5,307
up €5,307 (+2.6%), from €204,781 to €210,088
- Taxes -€5,190
down €5,190 (-25.9%), from €20,010 to €14,821
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.
Derived cash bridge
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 | €10,731,444 | €21,491,981 | +€10.8m | +100% |
| Fixed assets | 21/28 | €9,256,208 | €20,354,444 | +€11.1m | +120% |
| Financial fixed assets | 28 | €9,256,208 | €20,354,444 | +€11.1m | +120% |
| Affiliated companies | 280/1 | €9,256,208 | €20,354,444 | +€11.1m | +120% |
| Participating interests | 280 | €9,055,077 | €20,153,612 | +€11.1m | +123% |
| Amounts receivable | 281 | €201,132 | €200,833 | -€299 | -0.1% |
| Current assets | 29/58 | €1,475,236 | €1,137,537 | -€337,699 | -22.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €95,851 | €1,001,014 | +€905,163 | +944% |
| Trade receivables | 40 | €2,586 | €1,350 | -€1,236 | -47.8% |
| Other amounts receivable | 41 | €93,265 | €999,664 | +€906,399 | +972% |
| Cash at bank and in hand | 54/58 | €1,375,866 | €128,919 | -€1.2m | -90.6% |
| Deferred charges and accrued income | 490/1 | €3,519 | €7,604 | +€4,085 | +116% |
| Total equity and liabilities | 10/49 | €10,731,444 | €21,491,981 | +€10.8m | +100% |
| Equity | 10/15 | €10,565,752 | €21,109,550 | +€10.5m | +99.8% |
| Contributions | 10/11 | €4,920,678 | €4,920,678 | = | 0.0% |
| Revaluation surpluses | 12 | - | €10,374,599 | +€10.4m | |
| Reserves | 13 | €5,645,074 | €5,814,273 | +€169,199 | +3.0% |
| Tax-exempt reserves | 132 | €11,762 | €11,762 | = | 0.0% |
| Distributable reserves | 133 | €5,633,312 | €5,802,511 | +€169,199 | +3.0% |
| Amounts payable | 17/49 | €165,692 | €382,431 | +€216,739 | +131% |
| Amounts payable within one year | 42/48 | €165,692 | €382,431 | +€216,739 | +131% |
| Trade debts | 44 | €11,458 | €2,628 | -€8,830 | -77.1% |
| Suppliers | 440/4 | €11,458 | €2,628 | -€8,830 | -77.1% |
| Taxes, remuneration and social security | 45 | €28,936 | €29,804 | +€868 | +3.0% |
| Taxes | 450/3 | €4,165 | €4,165 | = | 0.0% |
| Remuneration and social security | 454/9 | €24,771 | €25,638 | +€868 | +3.5% |
| Other amounts payable | 47/48 | €125,298 | €350,000 | +€224,702 | +179% |
| Operating income | 70/76A | €506,961 | €480,420 | -€26,541 | -5.2% |
| Turnover | 70 | €506,100 | €479,748 | -€26,352 | -5.2% |
| Other operating income | 74 | €862 | €673 | -€189 | -22.0% |
| Operating charges | 60/66A | €460,132 | €436,807 | -€23,325 | -5.1% |
| Services and other goods | 61 | €254,252 | €225,526 | -€28,726 | -11.3% |
| Remuneration, social security and pensions | 62 | €204,781 | €210,088 | +€5,307 | +2.6% |
| Other operating charges | 640/8 | €1,099 | €1,193 | +€94 | +8.6% |
| Operating profit (loss) | 9901 | €46,830 | €43,613 | -€3,216 | -6.9% |
| Financial income | 75/76B | €1,044,620 | €492,204 | -€552,416 | -52.9% |
| Recurring financial income | 75 | €974,066 | €492,204 | -€481,862 | -49.5% |
| Income from financial fixed assets | 750 | €959,400 | €479,700 | -€479,700 | -50.0% |
| Income from current assets | 751 | €14,666 | €12,504 | -€2,162 | -14.7% |
| Non-recurring financial income | 76B | €70,554 | €0 | -€70,554 | -100% |
| Financial charges | 65/66B | €1,576 | €1,798 | +€223 | +14.1% |
| Recurring financial charges | 65 | €1,576 | €1,798 | +€223 | +14.1% |
| Debt charges | 650 | €1,369 | €1,369 | = | 0.0% |
| Other financial charges | 652/9 | €206 | €429 | +€223 | +108% |
| Profit (loss) for the period before taxes | 9903 | €1,089,874 | €534,019 | -€555,855 | -51.0% |
| Income taxes | 67/77 | €20,010 | €14,821 | -€5,190 | -25.9% |
| Taxes | 670/3 | €20,010 | €14,821 | -€5,190 | -25.9% |
| Profit (loss) for the period | 9904 | €1,069,864 | €519,199 | -€550,665 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,069,864 | €519,199 | -€550,665 | -51.5% |
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 19 October 2026 via checked.be.