NOVEK: 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.
NOVEK
Largest movements
- Cash -€13,772
down €13,772 (-13.7%), from €100,535 to €86,763
mainly Contributions, distributions and other (-€13,295) and Receivables within one year (-€10,643)
- Receivables within one year +€10,643
up €10,643 (+13.2%), from €80,383 to €91,027
of which Other amounts receivable: +€20,846
- Tangible fixed assets -€4,242
down €4,242 (-61.0%), from €6,950 to €2,708
of which Land and buildings: -€3,132
- Current portion of long-term debt -€8,827
down €8,827 (-100%), from €8,827 to €0
- Reserves +€6,239
up €6,239 (+3.1%), from €203,295 to €209,534
of which Distributable reserves: +€6,239
- Accrued charges and deferred income -€5,305
down €5,305 (-90.0%), from €5,891 to €586
- Tax, wage and social debts +€4,739
up €4,739 (+58.2%), from €8,147 to €12,885
of which Remuneration and social security: +€4,636
- Trade debts -€2,503
down €2,503 (-38.1%), from €6,562 to €4,059
- Gross operating margin -€54,757
down €54,757 (-55.9%), from €97,953 to €43,196
- Taxes -€13,581
down €13,581 (-52.0%), from €26,137 to €12,555
- Depreciation -€2,442
down €2,442 (-30.6%), from €7,973 to €5,531
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 | €243,262 | €237,604 | -€5,658 | -2.3% |
| Fixed assets | 21/28 | €6,950 | €2,708 | -€4,242 | -61.0% |
| Tangible fixed assets | 22/27 | €6,950 | €2,708 | -€4,242 | -61.0% |
| Land and buildings | 22 | €5,134 | €2,002 | -€3,132 | -61.0% |
| Plant, machinery and equipment | 23 | €1,246 | €706 | -€540 | -43.3% |
| Furniture and vehicles | 24 | €570 | €0 | -€570 | -100% |
| Current assets | 29/58 | €236,311 | €234,896 | -€1,415 | -0.6% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €80,383 | €91,027 | +€10,643 | +13.2% |
| Trade receivables | 40 | €23,046 | €12,843 | -€10,203 | -44.3% |
| Other amounts receivable | 41 | €57,337 | €78,184 | +€20,846 | +36.4% |
| Cash at bank and in hand | 54/58 | €100,535 | €86,763 | -€13,772 | -13.7% |
| Deferred charges and accrued income | 490/1 | €5,394 | €7,107 | +€1,713 | +31.8% |
| Total equity and liabilities | 10/49 | €243,262 | €237,604 | -€5,658 | -2.3% |
| Equity | 10/15 | €213,835 | €220,074 | +€6,239 | +2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €203,295 | €209,534 | +€6,239 | +3.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €203,295 | €209,534 | +€6,239 | +3.1% |
| Profit (loss) carried forward | 14 | -€1,860 | -€1,860 | = | 0.0% |
| Amounts payable | 17/49 | €29,426 | €17,530 | -€11,896 | -40.4% |
| Amounts payable within one year | 42/48 | €23,536 | €16,944 | -€6,592 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €8,827 | €0 | -€8,827 | -100% |
| Trade debts | 44 | €6,562 | €4,059 | -€2,503 | -38.1% |
| Suppliers | 440/4 | €6,562 | €4,059 | -€2,503 | -38.1% |
| Taxes, remuneration and social security | 45 | €8,147 | €12,885 | +€4,739 | +58.2% |
| Taxes | 450/3 | €8,147 | €8,250 | +€103 | +1.3% |
| Remuneration and social security | 454/9 | - | €4,636 | +€4,636 | |
| Accrued charges and deferred income | 492/3 | €5,891 | €586 | -€5,305 | -90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,973 | €5,531 | -€2,442 | -30.6% |
| Other operating charges | 640/8 | €7,348 | €7,165 | -€182 | -2.5% |
| Gross operating margin | 9900 | €97,953 | €43,196 | -€54,757 | -55.9% |
| Operating profit (loss) | 9901 | €82,632 | €30,500 | -€52,133 | -63.1% |
| Financial income | 75/76B | €1,586 | €1,780 | +€195 | +12.3% |
| Recurring financial income | 75 | €1,586 | €1,780 | +€195 | +12.3% |
| Financial charges | 65/66B | €547 | €191 | -€356 | -65.1% |
| Recurring financial charges | 65 | €547 | €191 | -€356 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €83,671 | €32,089 | -€51,582 | -61.6% |
| Income taxes | 67/77 | €26,137 | €12,555 | -€13,581 | -52.0% |
| Profit (loss) for the period | 9904 | €57,534 | €19,534 | -€38,000 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,534 | €19,534 | -€38,000 | -66.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.