NOVATRADE: 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.
NOVATRADE
Largest movements
- Cash +€15,166
up €15,166 (+820.7%), from €1,848 to €17,014
mainly Net result for the year (+€15,613) and Depreciation (+€5,351)
- Receivables within one year -€4,437
down €4,437 (-51.4%), from €8,637 to €4,200
of which Trade receivables: -€2,396
- Intangible fixed assets +€3,201
up €3,201 (+16.1%), from €19,904 to €23,105
- Deferred charges and accrued income +€1,041
up €1,041 (+86.9%), from €1,198 to €2,239
- Profit (loss) carried forward +€15,613
up €15,613 (+32.2%), from -€48,562 to -€32,949
- Trade debts -€4,710
down €4,710 (-77.7%), from €6,059 to €1,349
- Tax, wage and social debts +€4,493
up €4,493 (+554.5%), from €810 to €5,303
of which Taxes: +€3,493
- Gross operating margin +€35,650
up €35,650, from -€13,469 to €22,181
- Depreciation +€3,727
up €3,727 (+229.5%), from €1,624 to €5,351
- Other operating charges +€610
up €610 (+109.3%), from €558 to €1,168
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 | €32,222 | €47,550 | +€15,327 | +47.6% |
| Fixed assets | 21/28 | €20,539 | €24,096 | +€3,557 | +17.3% |
| Intangible fixed assets | 21 | €19,904 | €23,105 | +€3,201 | +16.1% |
| Tangible fixed assets | 22/27 | €235 | €591 | +€356 | +151.2% |
| Plant, machinery and equipment | 23 | €235 | €118 | -€118 | -50.0% |
| Furniture and vehicles | 24 | - | €474 | +€474 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €11,683 | €23,453 | +€11,770 | +100.7% |
| Amounts receivable within one year | 40/41 | €8,637 | €4,200 | -€4,437 | -51.4% |
| Trade receivables | 40 | €6,596 | €4,200 | -€2,396 | -36.3% |
| Other amounts receivable | 41 | €2,041 | - | -€2,041 | |
| Cash at bank and in hand | 54/58 | €1,848 | €17,014 | +€15,166 | +820.7% |
| Deferred charges and accrued income | 490/1 | €1,198 | €2,239 | +€1,041 | +86.9% |
| Total equity and liabilities | 10/49 | €32,222 | €47,550 | +€15,327 | +47.6% |
| Equity | 10/15 | -€45,562 | -€29,949 | +€15,613 | +34.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,562 | -€32,949 | +€15,613 | +32.2% |
| Amounts payable | 17/49 | €77,784 | €77,498 | -€286 | -0.4% |
| Amounts payable within one year | 42/48 | €77,784 | €77,498 | -€286 | -0.4% |
| Trade debts | 44 | €6,059 | €1,349 | -€4,710 | -77.7% |
| Suppliers | 440/4 | €6,059 | €1,349 | -€4,710 | -77.7% |
| Taxes, remuneration and social security | 45 | €810 | €5,303 | +€4,493 | +554.5% |
| Taxes | 450/3 | €810 | €4,303 | +€3,493 | +431.0% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €70,915 | €70,847 | -€68 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,624 | €5,351 | +€3,727 | +229.5% |
| Other operating charges | 640/8 | €558 | €1,168 | +€610 | +109.3% |
| Gross operating margin | 9900 | -€13,469 | €22,181 | +€35,650 | |
| Operating profit (loss) | 9901 | -€15,651 | €15,662 | +€31,313 | |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | €240 | €81 | -€159 | -66.4% |
| Recurring financial charges | 65 | €240 | €81 | -€159 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,891 | €15,613 | +€31,504 | |
| Profit (loss) for the period | 9904 | -€15,891 | €15,613 | +€31,504 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,891 | €15,613 | +€31,504 |
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 10 October 2026 via checked.be.