Novawise: 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.
Novawise
Largest movements
- Receivables within one year +€83,950
up €83,950 (+236%), from €35,625 to €119,576
of which Trade receivables: +€75,348
- Tangible fixed assets +€18,268
up €18,268 (+160%), from €11,410 to €29,679
of which Furniture and vehicles: +€21,617
- Deferred charges and accrued income -€11,608
down €11,608 (-51.6%), from €22,487 to €10,879
- Cash +€2,489
new in 2025: €2,489
mainly Trade debts (+€54,927) and Debts after one year (+€13,354)
- Trade debts +€54,927
up €54,927 (+7,129%), from €770 to €55,698
- Debts after one year +€13,354
new in 2025: €13,354
- Reserves +€10,731
up €10,731 (+14.8%), from €72,323 to €83,054
- Advances received +€7,358
new in 2025: €7,358
- Tax, wage and social debts +€6,269
up €6,269 (+257%), from €2,444 to €8,713
of which Taxes: +€6,291
- Gross operating margin -€5,701
down €5,701 (-19.7%), from €28,967 to €23,266
- Financial charges -€4,544
down €4,544 (-83.9%), from €5,419 to €875
- Taxes +€2,339
up €2,339 (+67.2%), from €3,482 to €5,821
- Depreciation -€602
down €602 (-9.1%), from €6,586 to €5,985
- Financial income +€569
up €569 (+62.5%), from €910 to €1,478
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 | €84,522 | €177,623 | +€93,100 | +110% |
| Fixed assets | 21/28 | €11,410 | €29,679 | +€18,268 | +160% |
| Tangible fixed assets | 22/27 | €11,410 | €29,679 | +€18,268 | +160% |
| Land and buildings | 22 | €1,531 | €1,363 | -€169 | -11.0% |
| Plant, machinery and equipment | 23 | €8,642 | €5,461 | -€3,180 | -36.8% |
| Furniture and vehicles | 24 | €1,237 | €22,854 | +€21,617 | +1,747% |
| Current assets | 29/58 | €73,112 | €147,944 | +€74,832 | +102% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,625 | €119,576 | +€83,950 | +236% |
| Trade receivables | 40 | €12,173 | €87,521 | +€75,348 | +619% |
| Other amounts receivable | 41 | €23,452 | €32,054 | +€8,602 | +36.7% |
| Cash at bank and in hand | 54/58 | - | €2,489 | +€2,489 | |
| Deferred charges and accrued income | 490/1 | €22,487 | €10,879 | -€11,608 | -51.6% |
| Total equity and liabilities | 10/49 | €84,522 | €177,623 | +€93,100 | +110% |
| Equity | 10/15 | €78,523 | €89,254 | +€10,731 | +13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,323 | €83,054 | +€10,731 | +14.8% |
| Distributable reserves | 133 | €72,323 | €83,054 | +€10,731 | +14.8% |
| Amounts payable | 17/49 | €5,999 | €88,369 | +€82,370 | +1,373% |
| Amounts payable after more than one year | 17 | - | €13,354 | +€13,354 | |
| Financial debts | 170/4 | - | €13,354 | +€13,354 | |
| Amounts payable within one year | 42/48 | €5,999 | €75,015 | +€69,015 | +1,150% |
| Current portion of amounts payable after more than one year | 42 | - | €3,247 | +€3,247 | |
| Financial debts | 43 | €2,785 | - | -€2,785 | |
| Credit institutions | 430/8 | €2,785 | - | -€2,785 | |
| Trade debts | 44 | €770 | €55,698 | +€54,927 | +7,129% |
| Suppliers | 440/4 | €770 | €55,698 | +€54,927 | +7,129% |
| Advances received on contracts in progress | 46 | - | €7,358 | +€7,358 | |
| Taxes, remuneration and social security | 45 | €2,444 | €8,713 | +€6,269 | +257% |
| Taxes | 450/3 | €164 | €6,454 | +€6,291 | +3,845% |
| Remuneration and social security | 454/9 | €2,280 | €2,258 | -€22 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,586 | €5,985 | -€602 | -9.1% |
| Other operating charges | 640/8 | €701 | €220 | -€481 | -68.6% |
| Non-recurring operating charges | 66A | - | €39 | +€39 | |
| Gross operating margin | 9900 | €28,967 | €23,266 | -€5,701 | -19.7% |
| Operating profit (loss) | 9901 | €21,680 | €17,022 | -€4,658 | -21.5% |
| Financial income | 75/76B | €910 | €1,478 | +€569 | +62.5% |
| Recurring financial income | 75 | €910 | €1,478 | +€569 | +62.5% |
| Financial charges | 65/66B | €5,419 | €875 | -€4,544 | -83.9% |
| Recurring financial charges | 65 | €5,419 | €875 | -€4,544 | -83.9% |
| Profit (loss) for the period before taxes | 9903 | €17,170 | €17,626 | +€456 | +2.7% |
| Income taxes | 67/77 | €3,482 | €5,821 | +€2,339 | +67.2% |
| Profit (loss) for the period | 9904 | €13,688 | €11,805 | -€1,884 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,688 | €11,805 | -€1,884 | -13.8% |
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 24 October 2026 via checked.be.