NOVAZ: 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.
NOVAZ
Largest movements
- Receivables within one year -€117,999
down €117,999 (-39.3%), from €300,218 to €182,219
of which Trade receivables: -€183,917
- Cash +€15,105
up €15,105 (+1,520%), from €994 to €16,099
mainly Other debts (+€160,368) and Receivables within one year (+€117,999)
- Other debts +€160,368
up €160,368 (+67.9%), from €236,266 to €396,634
- Trade debts -€147,610
down €147,610 (-62.2%), from €237,238 to €89,627
- Debts after one year -€113,200
down €113,200 (-50.3%), from €224,843 to €111,643
- Gross operating margin +€41,468
up €41,468, from -€21,898 to €19,569
- Other operating charges -€20,743
down €20,743 (-92.1%), from €22,530 to €1,788
- Financial charges +€6,312
up €6,312 (+353%), from €1,790 to €8,102
- Taxes +€2,836
up €2,836, from -€2,238 to €598
- Financial income +€1,652
up €1,652 (+247%), from €667 to €2,319
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 | €745,234 | €649,448 | -€95,786 | -12.9% |
| Fixed assets | 21/28 | €444,022 | €447,632 | +€3,610 | +0.8% |
| Intangible fixed assets | 21 | - | €1,867 | +€1,867 | |
| Tangible fixed assets | 22/27 | €444,022 | €445,765 | +€1,742 | +0.4% |
| Land and buildings | 22 | €432,374 | €432,374 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,373 | €2,631 | -€1,742 | -39.8% |
| Furniture and vehicles | 24 | €7,276 | €10,760 | +€3,484 | +47.9% |
| Current assets | 29/58 | €301,211 | €201,816 | -€99,395 | -33.0% |
| Amounts receivable within one year | 40/41 | €300,218 | €182,219 | -€117,999 | -39.3% |
| Trade receivables | 40 | €261,045 | €77,128 | -€183,917 | -70.5% |
| Other amounts receivable | 41 | €39,173 | €105,091 | +€65,918 | +168% |
| Cash at bank and in hand | 54/58 | €994 | €16,099 | +€15,105 | +1,520% |
| Deferred charges and accrued income | 490/1 | - | €3,498 | +€3,498 | |
| Total equity and liabilities | 10/49 | €745,234 | €649,448 | -€95,786 | -12.9% |
| Equity | 10/15 | €44,537 | €50,945 | +€6,408 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,077 | €30,485 | +€6,408 | +26.6% |
| Amounts payable | 17/49 | €700,697 | €598,503 | -€102,194 | -14.6% |
| Amounts payable after more than one year | 17 | €224,843 | €111,643 | -€113,200 | -50.3% |
| Financial debts | 170/4 | €224,843 | €111,643 | -€113,200 | -50.3% |
| Amounts payable within one year | 42/48 | €475,854 | €486,860 | +€11,006 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €1,761 | €0 | -€1,761 | -100% |
| Trade debts | 44 | €237,238 | €89,627 | -€147,610 | -62.2% |
| Suppliers | 440/4 | €237,238 | €89,627 | -€147,610 | -62.2% |
| Taxes, remuneration and social security | 45 | €589 | €598 | +€10 | +1.6% |
| Taxes | 450/3 | €589 | €598 | +€10 | +1.6% |
| Other amounts payable | 47/48 | €236,266 | €396,634 | +€160,368 | +67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,460 | €4,992 | +€532 | +11.9% |
| Other operating charges | 640/8 | €22,530 | €1,788 | -€20,743 | -92.1% |
| Gross operating margin | 9900 | -€21,898 | €19,569 | +€41,468 | |
| Operating profit (loss) | 9901 | -€48,888 | €12,790 | +€61,678 | |
| Financial income | 75/76B | €667 | €2,319 | +€1,652 | +247% |
| Recurring financial income | 75 | €667 | €2,319 | +€1,652 | +247% |
| Financial charges | 65/66B | €1,790 | €8,102 | +€6,312 | +353% |
| Recurring financial charges | 65 | €1,790 | €8,102 | +€6,312 | +353% |
| Profit (loss) for the period before taxes | 9903 | -€50,011 | €7,007 | +€57,018 | |
| Income taxes | 67/77 | -€2,238 | €598 | +€2,836 | |
| Profit (loss) for the period | 9904 | -€47,774 | €6,408 | +€54,182 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,774 | €6,408 | +€54,182 |
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 20 October 2026 via checked.be.