NOVEMA: 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.
NOVEMA
Largest movements
- Receivables within one year +€25,166
up €25,166 (+5.1%), from €495,158 to €520,325
- Profit (loss) carried forward +€24,717
up €24,717 (+7.6%), from -€324,774 to -€300,057
- Financial income -€1,424
down €1,424 (-5.0%), from €28,443 to €27,019
- Gross operating margin +€423
up €423 (+18.9%), from -€2,244 to -€1,821
- Financial charges -€28
down €28 (-25.5%), from €109 to €81
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 | €495,568 | €520,622 | +€25,055 | +5.1% |
| Current assets | 29/58 | €495,568 | €520,622 | +€25,055 | +5.1% |
| Amounts receivable within one year | 40/41 | €495,158 | €520,325 | +€25,166 | +5.1% |
| Other amounts receivable | 41 | €495,158 | €520,325 | +€25,166 | +5.1% |
| Cash at bank and in hand | 54/58 | €409 | €297 | -€112 | -27.3% |
| Total equity and liabilities | 10/49 | €495,568 | €520,622 | +€25,055 | +5.1% |
| Equity | 10/15 | €493,275 | €517,991 | +€24,717 | +5.0% |
| Contributions | 10/11 | €743,681 | €743,681 | = | 0.0% |
| Capital | 10 | €743,681 | €743,681 | = | 0.0% |
| Issued capital | 100 | €743,681 | €743,681 | = | 0.0% |
| Reserves | 13 | €74,368 | €74,368 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74,368 | €74,368 | = | 0.0% |
| Legal reserve | 130 | €74,368 | €74,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€324,774 | -€300,057 | +€24,717 | +7.6% |
| Amounts payable | 17/49 | €2,293 | €2,631 | +€338 | +14.7% |
| Amounts payable within one year | 42/48 | €493 | €1,031 | +€538 | +109% |
| Trade debts | 44 | €493 | €1,031 | +€538 | +109% |
| Suppliers | 440/4 | €493 | €1,031 | +€538 | +109% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,600 | -€200 | -11.1% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.3% |
| Gross operating margin | 9900 | -€2,244 | -€1,821 | +€423 | +18.9% |
| Operating profit (loss) | 9901 | -€2,631 | -€2,221 | +€411 | +15.6% |
| Financial income | 75/76B | €28,443 | €27,019 | -€1,424 | -5.0% |
| Recurring financial income | 75 | €28,443 | €27,019 | -€1,424 | -5.0% |
| Financial charges | 65/66B | €109 | €81 | -€28 | -25.5% |
| Recurring financial charges | 65 | €109 | €81 | -€28 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €25,702 | €24,717 | -€986 | -3.8% |
| Profit (loss) for the period | 9904 | €25,702 | €24,717 | -€986 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,702 | €24,717 | -€986 | -3.8% |
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 30 October 2026 via checked.be.