NOVE GRUPPO: 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 GRUPPO
Largest movements
- Receivables within one year -€46,357
down €46,357 (-56.9%), from €81,451 to €35,094
- Tangible fixed assets -€10,006
down €10,006 (-20.0%), from €50,104 to €40,097
of which Land and buildings: -€8,283
- Cash +€3,981
up €3,981 (+19.2%), from €20,729 to €24,710
mainly Receivables within one year (+€46,357) and Depreciation (+€17,762)
- Trade debts -€53,543
down €53,543 (-59.3%), from €90,325 to €36,782
- Debts after one year -€15,799
down €15,799 (-66.1%), from €23,912 to €8,112
- Profit (loss) carried forward +€15,539
up €15,539 (+92.3%), from -€16,828 to -€1,288
- Tax, wage and social debts +€4,207
up €4,207 (+17.3%), from €24,283 to €28,490
of which Taxes: +€3,641
- Gross operating margin +€69,392
up €69,392 (+45.0%), from €154,267 to €223,659
- Staff costs +€56,072
up €56,072 (+43.1%), from €130,077 to €186,149
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 | €167,222 | €117,099 | -€50,123 | -30.0% |
| Fixed assets | 21/28 | €57,104 | €47,872 | -€9,231 | -16.2% |
| Tangible fixed assets | 22/27 | €50,104 | €40,097 | -€10,006 | -20.0% |
| Land and buildings | 22 | €40,833 | €32,550 | -€8,283 | -20.3% |
| Plant, machinery and equipment | 23 | €9,271 | €7,547 | -€1,724 | -18.6% |
| Financial fixed assets | 28 | €7,000 | €7,775 | +€775 | +11.1% |
| Current assets | 29/58 | €110,118 | €69,226 | -€40,892 | -37.1% |
| Stocks and contracts in progress | 3 | €7,939 | €9,213 | +€1,274 | +16.1% |
| Stocks | 30/36 | €7,939 | €9,213 | +€1,274 | +16.1% |
| Amounts receivable within one year | 40/41 | €81,451 | €35,094 | -€46,357 | -56.9% |
| Trade receivables | 40 | €81,451 | €35,094 | -€46,357 | -56.9% |
| Cash at bank and in hand | 54/58 | €20,729 | €24,710 | +€3,981 | +19.2% |
| Deferred charges and accrued income | 490/1 | - | €209 | +€209 | |
| Total equity and liabilities | 10/49 | €167,222 | €117,099 | -€50,123 | -30.0% |
| Equity | 10/15 | €3,172 | €18,712 | +€15,539 | +490% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,828 | -€1,288 | +€15,539 | +92.3% |
| Amounts payable | 17/49 | €164,050 | €98,387 | -€65,662 | -40.0% |
| Amounts payable after more than one year | 17 | €23,912 | €8,112 | -€15,799 | -66.1% |
| Financial debts | 170/4 | €23,912 | €8,112 | -€15,799 | -66.1% |
| Amounts payable within one year | 42/48 | €139,985 | €90,275 | -€49,710 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €15,249 | €15,799 | +€550 | +3.6% |
| Financial debts | 43 | - | €154 | +€154 | |
| Credit institutions | 430/8 | - | €154 | +€154 | |
| Trade debts | 44 | €90,325 | €36,782 | -€53,543 | -59.3% |
| Suppliers | 440/4 | €90,325 | €36,782 | -€53,543 | -59.3% |
| Taxes, remuneration and social security | 45 | €24,283 | €28,490 | +€4,207 | +17.3% |
| Taxes | 450/3 | €5,786 | €9,427 | +€3,641 | +62.9% |
| Remuneration and social security | 454/9 | €18,497 | €19,063 | +€566 | +3.1% |
| Other amounts payable | 47/48 | €10,128 | €9,050 | -€1,078 | -10.6% |
| Accrued charges and deferred income | 492/3 | €154 | - | -€154 | |
| Remuneration, social security and pensions | 62 | €130,077 | €186,149 | +€56,072 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,774 | €17,762 | +€1,989 | +12.6% |
| Other operating charges | 640/8 | €2,693 | €2,915 | +€222 | +8.2% |
| Gross operating margin | 9900 | €154,267 | €223,659 | +€69,392 | +45.0% |
| Operating profit (loss) | 9901 | €5,723 | €16,832 | +€11,109 | +194% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €3,019 | €1,296 | -€1,723 | -57.1% |
| Recurring financial charges | 65 | €3,019 | €1,296 | -€1,723 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €2,704 | €15,539 | +€12,835 | +475% |
| Profit (loss) for the period | 9904 | €2,704 | €15,539 | +€12,835 | +475% |
| Profit (loss) for the period to be appropriated | 9905 | €2,704 | €15,539 | +€12,835 | +475% |
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 29 October 2026 via checked.be.