NOVEA Consulting: what changed
NOVEA Consulting
Largest movements
- Receivables within one year +€27,842
up €27,842 (+146%), from €19,134 to €46,976
of which Other amounts receivable: +€20,596
- Cash -€4,143
down €4,143 (-36.0%), from €11,524 to €7,381
mainly Receivables within one year (-€27,842) and Current portion of long-term debt (-€7,210)
- Tangible fixed assets -€3,942
down €3,942 (-25.3%), from €15,578 to €11,636
of which Furniture and vehicles: -€3,442
- Reserves +€18,225
up €18,225 (+82.5%), from €22,081 to €40,306
- Current portion of long-term debt -€7,210
no longer reported in 2025 (was €7,210)
- Trade debts +€4,239
up €4,239 (+189%), from €2,240 to €6,479
- Short-term financial debts +€2,296
new in 2025: €2,296
- Tax, wage and social debts +€2,203
up €2,203 (+22.0%), from €9,998 to €12,201
- Gross operating margin +€14,058
up €14,058 (+56.6%), from €24,845 to €38,903
- Taxes +€3,038
up €3,038 (+41.5%), from €7,318 to €10,356
- Depreciation +€2,481
up €2,481 (+103%), from €2,418 to €4,899
- Financial charges +€2,404
up €2,404 (+97.1%), from €2,475 to €4,880
- Financial income +€661
up €661 (+176%), from €375 to €1,036
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,660 | €67,333 | +€19,672 | +41.3% |
| Fixed assets | 21/28 | €15,828 | €11,886 | -€3,942 | -24.9% |
| Tangible fixed assets | 22/27 | €15,578 | €11,636 | -€3,942 | -25.3% |
| Plant, machinery and equipment | 23 | €3,477 | €2,977 | -€500 | -14.4% |
| Furniture and vehicles | 24 | €12,102 | €8,659 | -€3,442 | -28.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €31,832 | €55,447 | +€23,615 | +74.2% |
| Amounts receivable within one year | 40/41 | €19,134 | €46,976 | +€27,842 | +146% |
| Trade receivables | 40 | €992 | €8,238 | +€7,246 | +730% |
| Other amounts receivable | 41 | €18,142 | €38,738 | +€20,596 | +114% |
| Cash at bank and in hand | 54/58 | €11,524 | €7,381 | -€4,143 | -36.0% |
| Deferred charges and accrued income | 490/1 | €1,173 | €1,090 | -€84 | -7.1% |
| Total equity and liabilities | 10/49 | €47,660 | €67,333 | +€19,672 | +41.3% |
| Equity | 10/15 | €28,081 | €46,306 | +€18,225 | +64.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €22,081 | €40,306 | +€18,225 | +82.5% |
| Distributable reserves | 133 | €22,081 | €40,306 | +€18,225 | +82.5% |
| Amounts payable | 17/49 | €19,580 | €21,027 | +€1,447 | +7.4% |
| Amounts payable within one year | 42/48 | €19,448 | €20,976 | +€1,528 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €7,210 | - | -€7,210 | |
| Financial debts | 43 | - | €2,296 | +€2,296 | |
| Credit institutions | 430/8 | - | €2,296 | +€2,296 | |
| Trade debts | 44 | €2,240 | €6,479 | +€4,239 | +189% |
| Suppliers | 440/4 | €2,240 | €6,479 | +€4,239 | +189% |
| Taxes, remuneration and social security | 45 | €9,998 | €12,201 | +€2,203 | +22.0% |
| Taxes | 450/3 | €9,998 | €12,201 | +€2,203 | +22.0% |
| Accrued charges and deferred income | 492/3 | €132 | €50 | -€81 | -61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,418 | €4,899 | +€2,481 | +103% |
| Other operating charges | 640/8 | €1,825 | €1,579 | -€246 | -13.5% |
| Gross operating margin | 9900 | €24,845 | €38,903 | +€14,058 | +56.6% |
| Operating profit (loss) | 9901 | €20,602 | €32,425 | +€11,822 | +57.4% |
| Financial income | 75/76B | €375 | €1,036 | +€661 | +176% |
| Recurring financial income | 75 | €375 | €1,036 | +€661 | +176% |
| Financial charges | 65/66B | €2,475 | €4,880 | +€2,404 | +97.1% |
| Recurring financial charges | 65 | €2,475 | €4,880 | +€2,404 | +97.1% |
| Profit (loss) for the period before taxes | 9903 | €18,502 | €28,581 | +€10,079 | +54.5% |
| Income taxes | 67/77 | €7,318 | €10,356 | +€3,038 | +41.5% |
| Profit (loss) for the period | 9904 | €11,184 | €18,225 | +€7,041 | +63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,184 | €18,225 | +€7,041 | +63.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.