NOVERA: 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.
NOVERA
Largest movements
- Tangible fixed assets +€49,545
up €49,545 (+189%), from €26,172 to €75,717
of which Plant, machinery and equipment: +€50,897
- Stocks and contracts +€26,882
up €26,882 (+525%), from €5,118 to €32,000
- Receivables within one year +€11,736
up €11,736 (+326%), from €3,598 to €15,333
of which Trade receivables: +€7,198
- Deferred charges and accrued income +€6,623
up €6,623 (+2,105%), from €315 to €6,938
- Financial fixed assets +€4,400
new in 2025: €4,400
- Current portion of long-term debt +€56,174
up €56,174 (+975%), from €5,764 to €61,938
- Debts after one year +€38,062
up €38,062 (+187%), from €20,316 to €58,378
- Contributions +€20,000
up €20,000 (+200%), from €10,000 to €30,000
- Profit (loss) carried forward -€9,246
down €9,246 (-129%), from -€7,153 to -€16,399
- Trade debts -€1,827
down €1,827 (-64.9%), from €2,816 to €989
- Gross operating margin +€3,158
up €3,158, from -€132 to €3,026
- Depreciation +€2,011
up €2,011 (+47.6%), from €4,227 to €6,238
- Financial charges +€1,933
up €1,933 (+140%), from €1,377 to €3,310
- Other operating charges +€1,745
up €1,745 (+159%), from €1,100 to €2,846
- Write-downs -€170
no longer reported in 2025 (was €170)
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 | €40,982 | €144,478 | +€103,495 | +253% |
| Fixed assets | 21/28 | €26,172 | €80,117 | +€53,945 | +206% |
| Tangible fixed assets | 22/27 | €26,172 | €75,717 | +€49,545 | +189% |
| Plant, machinery and equipment | 23 | €24,819 | €75,717 | +€50,897 | +205% |
| Furniture and vehicles | 24 | €1,353 | €0 | -€1,353 | -100% |
| Financial fixed assets | 28 | - | €4,400 | +€4,400 | |
| Current assets | 29/58 | €14,810 | €64,361 | +€49,551 | +335% |
| Stocks and contracts in progress | 3 | €5,118 | €32,000 | +€26,882 | +525% |
| Stocks | 30/36 | €5,118 | €32,000 | +€26,882 | +525% |
| Amounts receivable within one year | 40/41 | €3,598 | €15,333 | +€11,736 | +326% |
| Trade receivables | 40 | €2,549 | €9,748 | +€7,198 | +282% |
| Other amounts receivable | 41 | €1,048 | €5,585 | +€4,537 | +433% |
| Cash at bank and in hand | 54/58 | €5,780 | €10,090 | +€4,310 | +74.6% |
| Deferred charges and accrued income | 490/1 | €315 | €6,938 | +€6,623 | +2,105% |
| Total equity and liabilities | 10/49 | €40,982 | €144,478 | +€103,495 | +253% |
| Equity | 10/15 | €10,793 | €21,546 | +€10,754 | +99.6% |
| Contributions | 10/11 | €10,000 | €30,000 | +€20,000 | +200% |
| Reserves | 13 | €7,945 | €7,945 | = | 0.0% |
| Distributable reserves | 133 | €7,945 | €7,945 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,153 | -€16,399 | -€9,246 | -129% |
| Amounts payable | 17/49 | €30,190 | €122,931 | +€92,742 | +307% |
| Amounts payable after more than one year | 17 | €20,316 | €58,378 | +€38,062 | +187% |
| Financial debts | 170/4 | €20,316 | €58,378 | +€38,062 | +187% |
| Amounts payable within one year | 42/48 | €9,874 | €64,498 | +€54,624 | +553% |
| Current portion of amounts payable after more than one year | 42 | €5,764 | €61,938 | +€56,174 | +975% |
| Trade debts | 44 | €2,816 | €989 | -€1,827 | -64.9% |
| Suppliers | 440/4 | €2,816 | €989 | -€1,827 | -64.9% |
| Advances received on contracts in progress | 46 | - | €110 | +€110 | |
| Taxes, remuneration and social security | 45 | €1,210 | - | -€1,210 | |
| Taxes | 450/3 | €1,210 | - | -€1,210 | |
| Other amounts payable | 47/48 | €84 | €1,461 | +€1,377 | +1,640% |
| Accrued charges and deferred income | 492/3 | - | €56 | +€56 | |
| Non-recurring operating income | 76A | - | €3,289 | +€3,289 | |
| Remuneration, social security and pensions | 62 | €157 | - | -€157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,227 | €6,238 | +€2,011 | +47.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €170 | - | -€170 | |
| Other operating charges | 640/8 | €1,100 | €2,846 | +€1,745 | +159% |
| Gross operating margin | 9900 | -€132 | €3,026 | +€3,158 | |
| Operating profit (loss) | 9901 | -€5,786 | -€6,058 | -€272 | -4.7% |
| Financial income | 75/76B | €11 | €123 | +€112 | +1,022% |
| Recurring financial income | 75 | €11 | €123 | +€112 | +1,022% |
| Financial charges | 65/66B | €1,377 | €3,310 | +€1,933 | +140% |
| Recurring financial charges | 65 | €1,377 | €3,310 | +€1,933 | +140% |
| Profit (loss) for the period before taxes | 9903 | -€7,153 | -€9,246 | -€2,094 | -29.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€7,153 | -€9,246 | -€2,094 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,153 | -€9,246 | -€2,094 | -29.3% |
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 31 October 2026 via checked.be.