NOVAWOOD: 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.
NOVAWOOD
Largest movements
- Tangible fixed assets +€286,529
up €286,529 (+50.6%), from €565,829 to €852,359
of which Land and buildings: +€190,210
- Receivables within one year -€93,249
down €93,249 (-74.1%), from €125,819 to €32,570
of which Trade receivables: -€103,118
- Cash -€66,180
down €66,180 (-49.1%), from €134,827 to €68,647
mainly Investment in fixed assets (net) (-€376,148) and Contributions, distributions and other (-€56,000)
- Debts after one year +€111,534
up €111,534 (+26.0%), from €428,666 to €540,200
of which Financial debts: +€110,034
- Profit (loss) carried forward +€96,894
up €96,894 (+24,193%), from €401 to €97,295
- Reserves -€56,000
down €56,000 (-25.0%), from €223,850 to €167,850
- Trade debts -€26,946
down €26,946 (-47.8%), from €56,428 to €29,482
- Current portion of long-term debt +€16,312
up €16,312 (+26.3%), from €61,965 to €78,276
- Staff costs +€65,123
up €65,123 (+37.6%), from €173,147 to €238,270
- Gross operating margin +€37,503
up €37,503 (+9.1%), from €414,398 to €451,902
- Financial income +€14,186
up €14,186 (+486%), from €2,916 to €17,102
- Depreciation +€11,122
up €11,122 (+14.1%), from €78,957 to €90,079
- Financial charges +€5,152
up €5,152 (+45.0%), from €11,440 to €16,592
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 | €881,123 | €1,005,195 | +€124,073 | +14.1% |
| Fixed assets | 21/28 | €567,248 | €853,317 | +€286,069 | +50.4% |
| Intangible fixed assets | 21 | €984 | €524 | -€460 | -46.7% |
| Tangible fixed assets | 22/27 | €565,829 | €852,359 | +€286,529 | +50.6% |
| Land and buildings | 22 | €402,614 | €592,825 | +€190,210 | +47.2% |
| Plant, machinery and equipment | 23 | €97,661 | €180,978 | +€83,317 | +85.3% |
| Furniture and vehicles | 24 | €51,766 | €34,318 | -€17,448 | -33.7% |
| Leasing and similar rights | 25 | €13,788 | €44,238 | +€30,450 | +221% |
| Financial fixed assets | 28 | €435 | €435 | = | 0.0% |
| Current assets | 29/58 | €313,875 | €151,878 | -€161,997 | -51.6% |
| Stocks and contracts in progress | 3 | €44,979 | €46,665 | +€1,686 | +3.7% |
| Stocks | 30/36 | €44,979 | €46,665 | +€1,686 | +3.7% |
| Amounts receivable within one year | 40/41 | €125,819 | €32,570 | -€93,249 | -74.1% |
| Trade receivables | 40 | €118,540 | €15,422 | -€103,118 | -87.0% |
| Other amounts receivable | 41 | €7,279 | €17,148 | +€9,869 | +136% |
| Cash at bank and in hand | 54/58 | €134,827 | €68,647 | -€66,180 | -49.1% |
| Deferred charges and accrued income | 490/1 | €8,249 | €3,996 | -€4,253 | -51.6% |
| Total equity and liabilities | 10/49 | €881,123 | €1,005,195 | +€124,073 | +14.1% |
| Equity | 10/15 | €248,251 | €289,145 | +€40,894 | +16.5% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €223,850 | €167,850 | -€56,000 | -25.0% |
| Distributable reserves | 133 | €223,850 | €167,850 | -€56,000 | -25.0% |
| Profit (loss) carried forward | 14 | €401 | €97,295 | +€96,894 | +24,193% |
| Amounts payable | 17/49 | €632,872 | €716,050 | +€83,178 | +13.1% |
| Amounts payable after more than one year | 17 | €428,666 | €540,200 | +€111,534 | +26.0% |
| Financial debts | 170/4 | €428,666 | €538,700 | +€110,034 | +25.7% |
| Other amounts payable | 178/9 | - | €1,500 | +€1,500 | |
| Amounts payable within one year | 42/48 | €204,206 | €175,850 | -€28,356 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €61,965 | €78,276 | +€16,312 | +26.3% |
| Trade debts | 44 | €56,428 | €29,482 | -€26,946 | -47.8% |
| Suppliers | 440/4 | €56,428 | €29,482 | -€26,946 | -47.8% |
| Taxes, remuneration and social security | 45 | €25,657 | €14,893 | -€10,765 | -42.0% |
| Taxes | 450/3 | €24,616 | €12,354 | -€12,262 | -49.8% |
| Remuneration and social security | 454/9 | €1,041 | €2,539 | +€1,497 | +144% |
| Other amounts payable | 47/48 | €60,157 | €53,200 | -€6,957 | -11.6% |
| Non-recurring operating income | 76A | €329 | €6,850 | +€6,522 | +1,984% |
| Remuneration, social security and pensions | 62 | €173,147 | €238,270 | +€65,123 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,957 | €90,079 | +€11,122 | +14.1% |
| Other operating charges | 640/8 | €5,172 | €5,114 | -€58 | -1.1% |
| Non-recurring operating charges | 66A | €1,949 | - | -€1,949 | |
| Gross operating margin | 9900 | €414,398 | €451,902 | +€37,503 | +9.1% |
| Operating profit (loss) | 9901 | €155,174 | €118,439 | -€36,735 | -23.7% |
| Financial income | 75/76B | €2,916 | €17,102 | +€14,186 | +486% |
| Recurring financial income | 75 | €2,916 | €17,102 | +€14,186 | +486% |
| Financial charges | 65/66B | €11,440 | €16,592 | +€5,152 | +45.0% |
| Recurring financial charges | 65 | €11,440 | €16,592 | +€5,152 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €146,649 | €118,949 | -€27,700 | -18.9% |
| Income taxes | 67/77 | €26,585 | €22,055 | -€4,530 | -17.0% |
| Profit (loss) for the period | 9904 | €120,065 | €96,894 | -€23,170 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €120,065 | €96,894 | -€23,170 | -19.3% |
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 26 October 2026 via checked.be.