Novelta: 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.
Novelta
Largest movements
- Receivables after one year +€1.7m
new in 2025: €1.7m
- Receivables within one year -€1.5m
down €1.5m (-37.4%), from €4.1m to €2.6m
of which Other amounts receivable: -€1.5m
- Tangible fixed assets -€355,149
down €355,149 (-11.8%), from €3.0m to €2.7m
of which Leasing and similar rights: -€340,000
- Debts after one year -€457,128
down €457,128 (-15.1%), from €3.0m to €2.6m
of which Financial debts: -€332,128
- Trade debts +€335,890
up €335,890 (+230.5%), from €145,747 to €481,637
- Other debts +€292,900
new in 2025: €292,900
- Accrued charges and deferred income -€225,119
down €225,119 (-11.7%), from €1.9m to €1.7m
- Provisions -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Gross operating margin -€270,723
down €270,723 (-40.5%), from €667,663 to €396,940
- Provisions -€100,000
down €100,000, from €0 to -€100,000
- Taxes -€48,331
down €48,331 (-100.0%), from €48,331 to €0
- Financial charges -€16,605
down €16,605 (-16.3%), from €102,003 to €85,398
- Depreciation -€8,770
down €8,770 (-2.4%), from €371,853 to €363,083
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.
Cash bridge derived
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 | €7,169,085 | €6,912,179 | -€256,906 | -3.6% |
| Fixed assets | 21/28 | €3,012,566 | €2,657,416 | -€355,149 | -11.8% |
| Tangible fixed assets | 22/27 | €3,012,566 | €2,657,416 | -€355,149 | -11.8% |
| Land and buildings | 22 | €95,086 | €79,937 | -€15,149 | -15.9% |
| Leasing and similar rights | 25 | €2,917,480 | €2,577,480 | -€340,000 | -11.7% |
| Current assets | 29/58 | €4,156,519 | €4,254,763 | +€98,244 | +2.4% |
| Amounts receivable after more than one year | 29 | - | €1,652,045 | +€1.7m | |
| Other amounts receivable | 291 | - | €1,652,045 | +€1.7m | |
| Amounts receivable within one year | 40/41 | €4,107,290 | €2,571,281 | -€1.5m | -37.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,107,290 | €2,571,281 | -€1.5m | -37.4% |
| Cash at bank and in hand | 54/58 | €49,229 | €23,932 | -€25,298 | -51.4% |
| Deferred charges and accrued income | 490/1 | €0 | €7,505 | +€7,505 | |
| Total equity and liabilities | 10/49 | €7,169,085 | €6,912,179 | -€256,906 | -3.6% |
| Equity | 10/15 | €1,581,399 | €1,535,313 | -€46,086 | -2.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,331,399 | €1,331,399 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €1,306,399 | €1,306,399 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€46,086 | -€46,086 | |
| Provisions and deferred taxes | 16 | €100,000 | €0 | -€100,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €0 | -€100,000 | -100.0% |
| Other liabilities and charges | 164/5 | €100,000 | €0 | -€100,000 | -100.0% |
| Amounts payable | 17/49 | €5,487,686 | €5,376,866 | -€110,820 | -2.0% |
| Amounts payable after more than one year | 17 | €3,020,174 | €2,563,046 | -€457,128 | -15.1% |
| Financial debts | 170/4 | €2,895,174 | €2,563,046 | -€332,128 | -11.5% |
| Other amounts payable | 178/9 | €125,000 | €0 | -€125,000 | -100.0% |
| Amounts payable within one year | 42/48 | €535,238 | €1,106,665 | +€571,427 | +106.8% |
| Current portion of amounts payable after more than one year | 42 | €322,637 | €332,128 | +€9,491 | +2.9% |
| Financial debts | 43 | €66,854 | €0 | -€66,854 | -100.0% |
| Other loans | 439 | €66,854 | €0 | -€66,854 | -100.0% |
| Trade debts | 44 | €145,747 | €481,637 | +€335,890 | +230.5% |
| Suppliers | 440/4 | €145,747 | €481,637 | +€335,890 | +230.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €292,900 | +€292,900 | |
| Accrued charges and deferred income | 492/3 | €1,932,275 | €1,707,155 | -€225,119 | -11.7% |
| Non-recurring operating income | 76A | €225,119 | €225,119 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371,853 | €363,083 | -€8,770 | -2.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€100,000 | -€100,000 | |
| Other operating charges | 640/8 | €6,111 | €3,565 | -€2,546 | -41.7% |
| Non-recurring operating charges | 66A | - | €94,782 | +€94,782 | |
| Gross operating margin | 9900 | €667,663 | €396,940 | -€270,723 | -40.5% |
| Operating profit (loss) | 9901 | €289,699 | €35,510 | -€254,188 | -87.7% |
| Financial income | 75/76B | €0 | €3,802 | +€3,802 | |
| Recurring financial income | 75 | €0 | €3,802 | +€3,802 | |
| Financial charges | 65/66B | €102,003 | €85,398 | -€16,605 | -16.3% |
| Recurring financial charges | 65 | €102,003 | €85,398 | -€16,605 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €187,696 | -€46,086 | -€233,782 | |
| Income taxes | 67/77 | €48,331 | €0 | -€48,331 | -100.0% |
| Profit (loss) for the period | 9904 | €139,365 | -€46,086 | -€185,451 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €139,365 | -€46,086 | -€185,451 |
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 12 October 2026 via checked.be.