NOVERIS: 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.
What changed
NOVERIS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€86,036
2024 · €76,235+€9,801
Equity
€605,012
2024 · €518,976+€86,036
Cash
€156
2024 · €1,247-€1,091
Balance sheet total
€1.0m
2024 · €849,549+€167,997
Largest movements
Assets
- Financial fixed assets +€150,000
new in 2025: €150,000
- Receivables within one year +€49,664
up €49,664 (+9.8%), from €509,003 to €558,667
of which Other amounts receivable: +€49,427
- Receivables after one year -€40,000
down €40,000 (-14.3%), from €280,000 to €240,000
Equity and liabilities
- Debts after one year +€99,090
up €99,090 (+60.1%), from €165,000 to €264,090
of which Financial debts: +€99,090
- Profit (loss) carried forward +€86,036
up €86,036 (+29.6%), from €290,889 to €376,925
- Other debts -€34,518
down €34,518 (-40.1%), from €86,063 to €51,545
- Current portion of long-term debt +€17,570
new in 2025: €17,570
Income statement
- Gross operating margin +€7,948
up €7,948 (+7.5%), from €106,425 to €114,373
- Taxes -€1,934
down €1,934 (-8.5%), from €22,651 to €20,717
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.
Result 2024
€76,235
Gross operating margin
+€7,948
Depreciation
+€330
Other operating charges
-€573
Financial charges
+€162
Taxes
+€1,934
Result 2025
€86,036
raises the resultlowers the result
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.
From operations
+€42,490
Investment
-€159,977
Financing
+€116,396
Cash 2024
€1,247
From operations (derived)
+€42,490
Net result for the year
+€86,036
Depreciation
+€553
Receivables after one year
+€40,000
Receivables within one year
-€49,664
Trade debts
+€3,475
Tax, wage and social debts
-€3,392
Other debts
-€34,518
Investment (derived)
-€159,977
Investment in fixed assets (net)
-€150,078
Current investments
-€9,899
Financing
+€116,396
Debts after one year
+€99,090
Current portion of long-term debt
+€17,570
Short-term financial debts
-€264
Cash 2025
€156
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €849,549 | €1,017,546 | +€167,997 | +19.8% |
| Fixed assets | 21/28 | €3,315 | €152,840 | +€149,525 | +4,511% |
| Tangible fixed assets | 22/27 | €3,315 | €2,840 | -€475 | -14.3% |
| Plant, machinery and equipment | 23 | €840 | - | -€840 | |
| Furniture and vehicles | 24 | €2,475 | €2,840 | +€365 | +14.7% |
| Financial fixed assets | 28 | - | €150,000 | +€150,000 | |
| Current assets | 29/58 | €846,234 | €864,706 | +€18,472 | +2.2% |
| Amounts receivable after more than one year | 29 | €280,000 | €240,000 | -€40,000 | -14.3% |
| Other amounts receivable | 291 | €280,000 | €240,000 | -€40,000 | -14.3% |
| Amounts receivable within one year | 40/41 | €509,003 | €558,667 | +€49,664 | +9.8% |
| Trade receivables | 40 | €47,235 | €47,472 | +€237 | +0.5% |
| Other amounts receivable | 41 | €461,768 | €511,195 | +€49,427 | +10.7% |
| Current investments | 50/53 | €27,884 | €37,783 | +€9,899 | +35.5% |
| Cash at bank and in hand | 54/58 | €1,247 | €156 | -€1,091 | -87.5% |
| Deferred charges and accrued income | 490/1 | €28,100 | €28,100 | = | 0.0% |
| Total equity and liabilities | 10/49 | €849,549 | €1,017,546 | +€167,997 | +19.8% |
| Equity | 10/15 | €518,976 | €605,012 | +€86,036 | +16.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €221,887 | €221,887 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Other | 1319 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €221,267 | €221,267 | = | 0.0% |
| Profit (loss) carried forward | 14 | €290,889 | €376,925 | +€86,036 | +29.6% |
| Provisions and deferred taxes | 16 | €24,926 | €24,926 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,926 | €24,926 | = | 0.0% |
| Pensions and similar obligations | 160 | €24,926 | €24,926 | = | 0.0% |
| Amounts payable | 17/49 | €305,647 | €387,608 | +€81,961 | +26.8% |
| Amounts payable after more than one year | 17 | €165,000 | €264,090 | +€99,090 | +60.1% |
| Financial debts | 170/4 | €150,000 | €249,090 | +€99,090 | +66.1% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €139,471 | €122,342 | -€17,129 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | - | €17,570 | +€17,570 | |
| Financial debts | 43 | €3,723 | €3,459 | -€264 | -7.1% |
| Credit institutions | 430/8 | €3,723 | €3,459 | -€264 | -7.1% |
| Trade debts | 44 | €18,885 | €22,360 | +€3,475 | +18.4% |
| Suppliers | 440/4 | €18,885 | €22,360 | +€3,475 | +18.4% |
| Taxes, remuneration and social security | 45 | €30,800 | €27,408 | -€3,392 | -11.0% |
| Taxes | 450/3 | €30,800 | €27,408 | -€3,392 | -11.0% |
| Other amounts payable | 47/48 | €86,063 | €51,545 | -€34,518 | -40.1% |
| Accrued charges and deferred income | 492/3 | €1,176 | €1,176 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €883 | €553 | -€330 | -37.4% |
| Other operating charges | 640/8 | €979 | €1,552 | +€573 | +58.5% |
| Gross operating margin | 9900 | €106,425 | €114,373 | +€7,948 | +7.5% |
| Operating profit (loss) | 9901 | €104,563 | €112,268 | +€7,705 | +7.4% |
| Financial income | 75/76B | €6,975 | €6,975 | = | 0.0% |
| Recurring financial income | 75 | €6,975 | €6,975 | = | 0.0% |
| Financial charges | 65/66B | €12,652 | €12,490 | -€162 | -1.3% |
| Recurring financial charges | 65 | €12,652 | €12,490 | -€162 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €98,886 | €106,753 | +€7,867 | +8.0% |
| Income taxes | 67/77 | €22,651 | €20,717 | -€1,934 | -8.5% |
| Profit (loss) for the period | 9904 | €76,235 | €86,036 | +€9,801 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,235 | €86,036 | +€9,801 | +12.9% |
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 18 October 2026 via checked.be.