NOVEN WI: 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 WI
Largest movements
- Cash -€40,752
down €40,752 (-83.8%), from €48,630 to €7,878
mainly Trade debts (-€214,123) and Investment in fixed assets (net) (-€54,520)
- Tangible fixed assets +€20,174
up €20,174 (+3.9%), from €521,050 to €541,224
- Receivables within one year -€10,809
down €10,809 (-51.7%), from €20,922 to €10,114
of which Trade receivables: -€12,655
- Trade debts -€214,123
down €214,123 (-82.8%), from €258,477 to €44,354
- Debts after one year +€206,129
up €206,129 (+4,820%), from €4,276 to €210,405
- Tax, wage and social debts -€18,685
down €18,685 (-100%), from €18,685 to €0
- Investment grants -€15,516
down €15,516 (-6.8%), from €227,573 to €212,056
- Current portion of long-term debt +€11,629
new in 2025: €11,629
- Depreciation +€24,428
up €24,428 (+241%), from €10,115 to €34,544
- Gross operating margin +€14,919
up €14,919 (+157%), from €9,501 to €24,420
- Financial income +€10,344
up €10,344 (+200%), from €5,172 to €15,516
- Financial charges +€6,775
up €6,775 (+1,245%), from €544 to €7,319
- Provisions +€3,129
new in 2025: €3,129
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 | €591,606 | €560,023 | -€31,584 | -5.3% |
| Formation expenses | 20 | €833 | €521 | -€312 | -37.5% |
| Fixed assets | 21/28 | €521,050 | €541,339 | +€20,289 | +3.9% |
| Intangible fixed assets | 21 | - | €115 | +€115 | |
| Tangible fixed assets | 22/27 | €521,050 | €541,224 | +€20,174 | +3.9% |
| Plant, machinery and equipment | 23 | €521,050 | €541,224 | +€20,174 | +3.9% |
| Current assets | 29/58 | €69,723 | €18,163 | -€51,560 | -73.9% |
| Amounts receivable within one year | 40/41 | €20,922 | €10,114 | -€10,809 | -51.7% |
| Trade receivables | 40 | €20,922 | €8,267 | -€12,655 | -60.5% |
| Other amounts receivable | 41 | - | €1,846 | +€1,846 | |
| Cash at bank and in hand | 54/58 | €48,630 | €7,878 | -€40,752 | -83.8% |
| Deferred charges and accrued income | 490/1 | €171 | €171 | = | 0.0% |
| Total equity and liabilities | 10/49 | €591,606 | €560,023 | -€31,584 | -5.3% |
| Equity | 10/15 | €234,311 | €218,767 | -€15,544 | -6.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,738 | €5,710 | -€28 | -0.5% |
| Investment grants | 15 | €227,573 | €212,056 | -€15,516 | -6.8% |
| Provisions and deferred taxes | 16 | €75,858 | €73,814 | -€2,043 | -2.7% |
| Provisions for liabilities and charges | 160/5 | - | €3,129 | +€3,129 | |
| Major repairs and maintenance | 162 | - | €3,129 | +€3,129 | |
| Deferred taxes | 168 | €75,858 | €70,685 | -€5,172 | -6.8% |
| Amounts payable | 17/49 | €281,438 | €267,442 | -€13,997 | -5.0% |
| Amounts payable after more than one year | 17 | €4,276 | €210,405 | +€206,129 | +4,820% |
| Financial debts | 170/4 | €4,276 | €210,405 | +€206,129 | +4,820% |
| Amounts payable within one year | 42/48 | €277,162 | €57,037 | -€220,125 | -79.4% |
| Current portion of amounts payable after more than one year | 42 | - | €11,629 | +€11,629 | |
| Trade debts | 44 | €258,477 | €44,354 | -€214,123 | -82.8% |
| Suppliers | 440/4 | €258,477 | €44,354 | -€214,123 | -82.8% |
| Advances received on contracts in progress | 46 | - | €1,054 | +€1,054 | |
| Taxes, remuneration and social security | 45 | €18,685 | €0 | -€18,685 | -100% |
| Taxes | 450/3 | €18,685 | €0 | -€18,685 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,115 | €34,544 | +€24,428 | +241% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €3,129 | +€3,129 | |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €9,501 | €24,420 | +€14,919 | +157% |
| Operating profit (loss) | 9901 | -€614 | -€13,397 | -€12,783 | -2,082% |
| Financial income | 75/76B | €5,172 | €15,516 | +€10,344 | +200% |
| Recurring financial income | 75 | €5,172 | €15,516 | +€10,344 | +200% |
| Financial charges | 65/66B | €544 | €7,319 | +€6,775 | +1,245% |
| Recurring financial charges | 65 | €544 | €7,319 | +€6,775 | +1,245% |
| Profit (loss) for the period before taxes | 9903 | €4,014 | -€5,200 | -€9,214 | |
| Transfer from deferred taxes | 780 | €1,724 | €5,172 | +€3,448 | +200% |
| Profit (loss) for the period | 9904 | €5,738 | -€28 | -€5,766 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,738 | -€28 | -€5,766 |
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 15 October 2026 via checked.be.