NOVE: 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.
NOVE
Largest movements
- Receivables within one year +€265,689
up €265,689 (+18.6%), from €1.4m to €1.7m
of which Trade receivables: +€133,390
- Cash +€108,644
up €108,644 (+23.8%), from €456,777 to €565,420
mainly Other debts (+€225,000) and Net result for the year (+€171,746)
- Intangible fixed assets +€30,284
up €30,284 (+6.8%), from €443,119 to €473,403
- Other debts +€225,000
up €225,000 (+300%), from €75,000 to €300,000
- Profit (loss) carried forward +€171,746
up €171,746 (+29.1%), from €589,709 to €761,455
- Accrued charges and deferred income -€146,229
down €146,229 (-32.4%), from €450,749 to €304,520
- Trade debts +€101,655
up €101,655 (+10.1%), from €1.0m to €1.1m
- Tax, wage and social debts +€76,347
up €76,347 (+48.7%), from €156,689 to €233,036
of which Remuneration and social security: +€63,643
- Gross operating margin +€367,579
up €367,579 (+20.1%), from €1.8m to €2.2m
- Staff costs +€305,440
up €305,440 (+20.5%), from €1.5m to €1.8m
- Depreciation +€43,000
up €43,000 (+37.4%), from €114,894 to €157,894
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 | €2,435,240 | €2,863,760 | +€428,520 | +17.6% |
| Fixed assets | 21/28 | €465,416 | €520,021 | +€54,605 | +11.7% |
| Intangible fixed assets | 21 | €443,119 | €473,403 | +€30,284 | +6.8% |
| Tangible fixed assets | 22/27 | €17,413 | €41,734 | +€24,321 | +140% |
| Furniture and vehicles | 24 | €14,785 | €33,734 | +€18,949 | +128% |
| Other tangible fixed assets | 26 | €2,628 | €8,001 | +€5,372 | +204% |
| Financial fixed assets | 28 | €4,884 | €4,884 | = | 0.0% |
| Current assets | 29/58 | €1,969,824 | €2,343,739 | +€373,915 | +19.0% |
| Amounts receivable within one year | 40/41 | €1,429,666 | €1,695,355 | +€265,689 | +18.6% |
| Trade receivables | 40 | €1,413,678 | €1,547,068 | +€133,390 | +9.4% |
| Other amounts receivable | 41 | €15,987 | €148,286 | +€132,299 | +828% |
| Cash at bank and in hand | 54/58 | €456,777 | €565,420 | +€108,644 | +23.8% |
| Deferred charges and accrued income | 490/1 | €83,382 | €82,964 | -€418 | -0.5% |
| Total equity and liabilities | 10/49 | €2,435,240 | €2,863,760 | +€428,520 | +17.6% |
| Equity | 10/15 | €737,209 | €908,955 | +€171,746 | +23.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €47,500 | €47,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €589,709 | €761,455 | +€171,746 | +29.1% |
| Amounts payable | 17/49 | €1,698,032 | €1,954,805 | +€256,773 | +15.1% |
| Amounts payable after more than one year | 17 | €4,884 | €4,884 | = | 0.0% |
| Other amounts payable | 178/9 | €4,884 | €4,884 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,242,399 | €1,645,401 | +€403,002 | +32.4% |
| Trade debts | 44 | €1,010,710 | €1,112,365 | +€101,655 | +10.1% |
| Suppliers | 440/4 | €1,010,710 | €1,112,365 | +€101,655 | +10.1% |
| Taxes, remuneration and social security | 45 | €156,689 | €233,036 | +€76,347 | +48.7% |
| Taxes | 450/3 | €19,192 | €31,897 | +€12,704 | +66.2% |
| Remuneration and social security | 454/9 | €137,497 | €201,140 | +€63,643 | +46.3% |
| Other amounts payable | 47/48 | €75,000 | €300,000 | +€225,000 | +300% |
| Accrued charges and deferred income | 492/3 | €450,749 | €304,520 | -€146,229 | -32.4% |
| Remuneration, social security and pensions | 62 | €1,487,025 | €1,792,465 | +€305,440 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,894 | €157,894 | +€43,000 | +37.4% |
| Other operating charges | 640/8 | €1,360 | €1,379 | +€20 | +1.4% |
| Gross operating margin | 9900 | €1,826,489 | €2,194,068 | +€367,579 | +20.1% |
| Operating profit (loss) | 9901 | €223,210 | €242,330 | +€19,120 | +8.6% |
| Financial income | 75/76B | €60 | €6,297 | +€6,237 | +10,409% |
| Recurring financial income | 75 | €60 | €6,297 | +€6,237 | +10,409% |
| Financial charges | 65/66B | €4,529 | €3,711 | -€818 | -18.1% |
| Recurring financial charges | 65 | €4,529 | €3,711 | -€818 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €218,741 | €244,916 | +€26,175 | +12.0% |
| Income taxes | 67/77 | €58,561 | €73,169 | +€14,609 | +24.9% |
| Profit (loss) for the period | 9904 | €160,180 | €171,746 | +€11,566 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €160,180 | €171,746 | +€11,566 | +7.2% |
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 18 October 2026 via checked.be.