NOVEN HOME: 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.
NOVEN HOME
Largest movements
- Tangible fixed assets +€195,443
up €195,443 (+52.1%), from €375,324 to €570,767
- Deferred charges and accrued income +€140,381
up €140,381 (+24.4%), from €576,127 to €716,508
- Cash -€25,402
down €25,402 (-64.9%), from €39,113 to €13,710
mainly Investment in fixed assets (net) (-€203,362) and Deferred charges and accrued income (-€140,381)
- Debts after one year +€197,278
up €197,278 (+68.9%), from €286,239 to €483,516
- Other debts +€118,134
new in 2025: €118,134
- Profit (loss) carried forward -€43,880
down €43,880, from €12,126 to -€31,754
- Trade debts +€42,253
up €42,253 (+6.1%), from €689,793 to €732,046
- Gross operating margin -€47,470
down €47,470, from €44,639 to -€2,831
- Financial charges +€11,461
up €11,461 (+54.2%), from €21,158 to €32,620
- Depreciation -€1,484
down €1,484 (-15.3%), from €9,719 to €8,235
- Other operating charges -€1,442
down €1,442 (-88.1%), from €1,636 to €194
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 | €993,108 | €1,303,269 | +€310,161 | +31.2% |
| Formation expenses | 20 | €485 | €168 | -€316 | -65.3% |
| Fixed assets | 21/28 | €375,324 | €570,767 | +€195,443 | +52.1% |
| Tangible fixed assets | 22/27 | €375,324 | €570,767 | +€195,443 | +52.1% |
| Plant, machinery and equipment | 23 | €375,324 | €570,767 | +€195,443 | +52.1% |
| Current assets | 29/58 | €617,299 | €732,334 | +€115,035 | +18.6% |
| Amounts receivable within one year | 40/41 | €2,060 | €2,116 | +€56 | +2.7% |
| Trade receivables | 40 | €2,060 | €2,116 | +€56 | +2.7% |
| Cash at bank and in hand | 54/58 | €39,113 | €13,710 | -€25,402 | -64.9% |
| Deferred charges and accrued income | 490/1 | €576,127 | €716,508 | +€140,381 | +24.4% |
| Total equity and liabilities | 10/49 | €993,108 | €1,303,269 | +€310,161 | +31.2% |
| Equity | 10/15 | €13,126 | -€30,754 | -€43,880 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,126 | -€31,754 | -€43,880 | |
| Amounts payable | 17/49 | €979,983 | €1,334,024 | +€354,041 | +36.1% |
| Amounts payable after more than one year | 17 | €286,239 | €483,516 | +€197,278 | +68.9% |
| Financial debts | 170/4 | €286,239 | €483,516 | +€197,278 | +68.9% |
| Amounts payable within one year | 42/48 | €693,744 | €850,507 | +€156,764 | +22.6% |
| Trade debts | 44 | €689,793 | €732,046 | +€42,253 | +6.1% |
| Suppliers | 440/4 | €689,793 | €732,046 | +€42,253 | +6.1% |
| Taxes, remuneration and social security | 45 | €3,951 | €327 | -€3,624 | -91.7% |
| Taxes | 450/3 | €3,951 | €327 | -€3,624 | -91.7% |
| Other amounts payable | 47/48 | - | €118,134 | +€118,134 | |
| Non-recurring operating income | 76A | €136 | €0 | -€136 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,719 | €8,235 | -€1,484 | -15.3% |
| Other operating charges | 640/8 | €1,636 | €194 | -€1,442 | -88.1% |
| Gross operating margin | 9900 | €44,639 | -€2,831 | -€47,470 | |
| Operating profit (loss) | 9901 | €33,284 | -€11,260 | -€44,545 | |
| Financial charges | 65/66B | €21,158 | €32,620 | +€11,461 | +54.2% |
| Recurring financial charges | 65 | €21,158 | €32,620 | +€11,461 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €12,126 | -€43,880 | -€56,006 | |
| Profit (loss) for the period | 9904 | €12,126 | -€43,880 | -€56,006 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,126 | -€43,880 | -€56,006 |
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 14 October 2026 via checked.be.