NOVATYPE: 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.
NOVATYPE
Largest movements
- Tangible fixed assets -€69,803
down €69,803 (-3.9%), from €1.8m to €1.7m
of which Land and buildings: -€52,289
- Cash +€43,902
up €43,902 (+122%), from €36,045 to €79,947
mainly Depreciation (+€94,515) and Tax, wage and social debts (+€28,648)
- Debts after one year -€59,339
down €59,339 (-8.9%), from €663,571 to €604,232
- Revaluation surpluses -€51,515
down €51,515 (-3.6%), from €1.4m to €1.4m
- Reserves +€51,515
up €51,515 (+6.6%), from €781,436 to €832,952
of which Distributable reserves: +€51,515
- Tax, wage and social debts +€28,648
up €28,648 (+192%), from €14,928 to €43,576
of which Taxes: +€30,986
- Gross operating margin +€38,826
up €38,826 (+27.6%), from €140,499 to €179,324
- Taxes +€17,006
up €17,006 (+138%), from €12,317 to €29,323
- Staff costs -€15,216
down €15,216 (-100%), from €15,216 to €0
- Depreciation +€5,928
up €5,928 (+6.7%), from €88,588 to €94,515
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 | €1,911,133 | €1,895,317 | -€15,815 | -0.8% |
| Fixed assets | 21/28 | €1,783,586 | €1,713,783 | -€69,803 | -3.9% |
| Tangible fixed assets | 22/27 | €1,783,586 | €1,713,783 | -€69,803 | -3.9% |
| Land and buildings | 22 | €1,619,035 | €1,566,745 | -€52,289 | -3.2% |
| Plant, machinery and equipment | 23 | €123,920 | €123,121 | -€799 | -0.6% |
| Furniture and vehicles | 24 | €5,051 | €0 | -€5,051 | -100% |
| Other tangible fixed assets | 26 | €35,581 | €23,917 | -€11,664 | -32.8% |
| Current assets | 29/58 | €127,546 | €181,534 | +€53,988 | +42.3% |
| Amounts receivable within one year | 40/41 | €88,975 | €98,257 | +€9,283 | +10.4% |
| Trade receivables | 40 | €17,007 | €17,763 | +€756 | +4.4% |
| Other amounts receivable | 41 | €71,968 | €80,494 | +€8,527 | +11.8% |
| Cash at bank and in hand | 54/58 | €36,045 | €79,947 | +€43,902 | +122% |
| Deferred charges and accrued income | 490/1 | €2,527 | €3,330 | +€803 | +31.8% |
| Total equity and liabilities | 10/49 | €1,911,133 | €1,895,317 | -€15,815 | -0.8% |
| Equity | 10/15 | €1,109,088 | €1,126,145 | +€17,057 | +1.5% |
| Contributions | 10/11 | €166,316 | €166,316 | = | 0.0% |
| Capital | 10 | €163,858 | €163,858 | = | 0.0% |
| Issued capital | 100 | €163,858 | €163,858 | = | 0.0% |
| Contributions outside capital | 11 | €2,458 | €2,458 | = | 0.0% |
| Share premium | 1100/10 | €2,458 | €2,458 | = | 0.0% |
| Revaluation surpluses | 12 | €1,435,000 | €1,383,485 | -€51,515 | -3.6% |
| Reserves | 13 | €781,436 | €832,952 | +€51,515 | +6.6% |
| Non-distributable reserves | 130/1 | €16,436 | €16,436 | = | 0.0% |
| Legal reserve | 130 | €16,436 | €16,436 | = | 0.0% |
| Distributable reserves | 133 | €765,000 | €816,515 | +€51,515 | +6.7% |
| Profit (loss) carried forward | 14 | -€1,273,665 | -€1,256,608 | +€17,057 | +1.3% |
| Amounts payable | 17/49 | €802,045 | €769,173 | -€32,872 | -4.1% |
| Amounts payable after more than one year | 17 | €663,571 | €604,232 | -€59,339 | -8.9% |
| Financial debts | 170/4 | €663,571 | €604,232 | -€59,339 | -8.9% |
| Amounts payable within one year | 42/48 | €126,547 | €157,115 | +€30,567 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €100,620 | €89,032 | -€11,588 | -11.5% |
| Trade debts | 44 | €9,321 | €14,896 | +€5,575 | +59.8% |
| Suppliers | 440/4 | €9,321 | €14,896 | +€5,575 | +59.8% |
| Taxes, remuneration and social security | 45 | €14,928 | €43,576 | +€28,648 | +192% |
| Taxes | 450/3 | €12,590 | €43,576 | +€30,986 | +246% |
| Remuneration and social security | 454/9 | €2,339 | €0 | -€2,339 | -100% |
| Other amounts payable | 47/48 | €1,679 | €9,611 | +€7,932 | +473% |
| Accrued charges and deferred income | 492/3 | €11,927 | €7,826 | -€4,101 | -34.4% |
| Remuneration, social security and pensions | 62 | €15,216 | €0 | -€15,216 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,588 | €94,515 | +€5,928 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €510 | +€510 | |
| Other operating charges | 640/8 | €20,986 | €21,314 | +€328 | +1.6% |
| Non-recurring operating charges | 66A | €460 | €0 | -€460 | -100.0% |
| Gross operating margin | 9900 | €140,499 | €179,324 | +€38,826 | +27.6% |
| Operating profit (loss) | 9901 | €15,249 | €62,985 | +€47,736 | +313% |
| Financial income | 75/76B | €2,635 | €2,853 | +€218 | +8.3% |
| Recurring financial income | 75 | €2,635 | €2,853 | +€218 | +8.3% |
| Financial charges | 65/66B | €20,949 | €19,458 | -€1,491 | -7.1% |
| Recurring financial charges | 65 | €20,949 | €19,458 | -€1,491 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,065 | €46,380 | +€49,445 | |
| Income taxes | 67/77 | €12,317 | €29,323 | +€17,006 | +138% |
| Profit (loss) for the period | 9904 | -€15,382 | €17,057 | +€32,439 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,382 | €17,057 | +€32,439 |
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 23 October 2026 via checked.be.