NovelYeast: what changed
NovelYeast
Largest movements
- Tangible fixed assets +€321,489
up €321,489 (+203%), from €158,049 to €479,537
of which Plant, machinery and equipment: +€256,802
- Receivables within one year +€156,785
up €156,785 (+105%), from €148,691 to €305,476
of which Trade receivables: +€140,170
- Cash +€68,313
up €68,313 (+121%), from €56,228 to €124,542
mainly Net result for the year (+€335,768) and Debts after one year (+€194,010)
- Deferred charges and accrued income +€58,777
new in 2025: €58,777
- Profit (loss) carried forward +€295,768
up €295,768 (+1,066%), from €27,756 to €323,524
- Debts after one year +€194,010
up €194,010 (+158%), from €122,624 to €316,634
- Current portion of long-term debt +€97,105
up €97,105 (+228%), from €42,613 to €139,718
- Accrued charges and deferred income -€35,681
down €35,681 (-100%), from €35,681 to €0
- Tax, wage and social debts +€29,862
up €29,862 (+35.9%), from €83,296 to €113,157
of which Remuneration and social security: +€31,823
- Gross operating margin +€601,474
up €601,474 (+80.3%), from €749,032 to €1.4m
- Staff costs +€272,946
up €272,946 (+41.5%), from €657,068 to €930,013
- Depreciation +€31,291
up €31,291 (+74.5%), from €41,986 to €73,277
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 | €362,968 | €968,333 | +€605,365 | +167% |
| Fixed assets | 21/28 | €158,049 | €479,537 | +€321,489 | +203% |
| Tangible fixed assets | 22/27 | €158,049 | €479,537 | +€321,489 | +203% |
| Plant, machinery and equipment | 23 | €158,049 | €414,850 | +€256,802 | +162% |
| Furniture and vehicles | 24 | - | €881 | +€881 | |
| Other tangible fixed assets | 26 | - | €63,806 | +€63,806 | |
| Current assets | 29/58 | €204,919 | €488,795 | +€283,876 | +139% |
| Amounts receivable within one year | 40/41 | €148,691 | €305,476 | +€156,785 | +105% |
| Trade receivables | 40 | €139,923 | €280,093 | +€140,170 | +100% |
| Other amounts receivable | 41 | €8,768 | €25,383 | +€16,615 | +189% |
| Cash at bank and in hand | 54/58 | €56,228 | €124,542 | +€68,313 | +121% |
| Deferred charges and accrued income | 490/1 | - | €58,777 | +€58,777 | |
| Total equity and liabilities | 10/49 | €362,968 | €968,333 | +€605,365 | +167% |
| Equity | 10/15 | €34,256 | €330,024 | +€295,768 | +863% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,756 | €323,524 | +€295,768 | +1,066% |
| Amounts payable | 17/49 | €328,712 | €638,309 | +€309,597 | +94.2% |
| Amounts payable after more than one year | 17 | €122,624 | €316,634 | +€194,010 | +158% |
| Financial debts | 170/4 | €122,624 | €316,634 | +€194,010 | +158% |
| Amounts payable within one year | 42/48 | €170,407 | €321,675 | +€151,268 | +88.8% |
| Current portion of amounts payable after more than one year | 42 | €42,613 | €139,718 | +€97,105 | +228% |
| Trade debts | 44 | €6,089 | €9,052 | +€2,963 | +48.7% |
| Suppliers | 440/4 | €6,089 | €9,052 | +€2,963 | +48.7% |
| Taxes, remuneration and social security | 45 | €83,296 | €113,157 | +€29,862 | +35.9% |
| Taxes | 450/3 | €2,825 | €864 | -€1,961 | -69.4% |
| Remuneration and social security | 454/9 | €80,471 | €112,294 | +€31,823 | +39.5% |
| Other amounts payable | 47/48 | €38,409 | €59,747 | +€21,338 | +55.6% |
| Accrued charges and deferred income | 492/3 | €35,681 | €0 | -€35,681 | -100% |
| Remuneration, social security and pensions | 62 | €657,068 | €930,013 | +€272,946 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,986 | €73,277 | +€31,291 | +74.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €749,032 | €1,350,506 | +€601,474 | +80.3% |
| Operating profit (loss) | 9901 | €49,591 | €346,816 | +€297,225 | +599% |
| Financial income | 75/76B | €201 | €365 | +€164 | +81.9% |
| Recurring financial income | 75 | €201 | €365 | +€164 | +81.9% |
| Financial charges | 65/66B | €6,365 | €11,342 | +€4,977 | +78.2% |
| Recurring financial charges | 65 | €6,365 | €11,342 | +€4,977 | +78.2% |
| Profit (loss) for the period before taxes | 9903 | €43,427 | €335,839 | +€292,412 | +673% |
| Income taxes | 67/77 | €51 | €71 | +€20 | +38.9% |
| Profit (loss) for the period | 9904 | €43,376 | €335,768 | +€292,392 | +674% |
| Profit (loss) for the period to be appropriated | 9905 | €43,376 | €335,768 | +€292,392 | +674% |
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 3 November 2026 via checked.be.