NOVERPO: 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.
NOVERPO
Largest movements
- Cash +€81,269
up €81,269 (+114.7%), from €70,827 to €152,096
mainly Net result for the year (+€101,725) and Receivables within one year (+€19,192)
- Receivables within one year -€19,192
down €19,192 (-94.3%), from €20,342 to €1,151
of which Trade receivables: -€18,755
- Tangible fixed assets -€5,535
down €5,535 (-23.4%), from €23,649 to €18,114
of which Furniture and vehicles: -€3,735
- Reserves +€101,000
up €101,000 (+38.1%), from €265,000 to €366,000
- Other debts -€59,722
down €59,722 (-82.8%), from €72,091 to €12,370
- Tax, wage and social debts +€17,453
up €17,453 (+99.2%), from €17,600 to €35,053
- Gross operating margin +€47,428
up €47,428 (+44.0%), from €107,670 to €155,098
- Taxes +€19,967
up €19,967 (+65.5%), from €30,484 to €50,451
- Other operating charges -€2,138
down €2,138 (-65.6%), from €3,257 to €1,119
- Financial income +€2,020
up €2,020 (+52.9%), from €3,820 to €5,840
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.
Cash bridge derived
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 | €359,397 | €419,336 | +€59,939 | +16.7% |
| Fixed assets | 21/28 | €23,649 | €18,114 | -€5,535 | -23.4% |
| Tangible fixed assets | 22/27 | €23,649 | €18,114 | -€5,535 | -23.4% |
| Plant, machinery and equipment | 23 | €682 | €237 | -€445 | -65.3% |
| Furniture and vehicles | 24 | €7,105 | €3,370 | -€3,735 | -52.6% |
| Other tangible fixed assets | 26 | €15,862 | €14,507 | -€1,355 | -8.5% |
| Current assets | 29/58 | €335,748 | €401,223 | +€65,474 | +19.5% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,342 | €1,151 | -€19,192 | -94.3% |
| Trade receivables | 40 | €19,894 | €1,139 | -€18,755 | -94.3% |
| Other amounts receivable | 41 | €449 | €12 | -€437 | -97.4% |
| Current investments | 50/53 | €89,000 | €90,767 | +€1,767 | +2.0% |
| Cash at bank and in hand | 54/58 | €70,827 | €152,096 | +€81,269 | +114.7% |
| Deferred charges and accrued income | 490/1 | €5,579 | €7,209 | +€1,631 | +29.2% |
| Total equity and liabilities | 10/49 | €359,397 | €419,336 | +€59,939 | +16.7% |
| Equity | 10/15 | €267,083 | €368,808 | +€101,725 | +38.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €265,000 | €366,000 | +€101,000 | +38.1% |
| Distributable reserves | 133 | €265,000 | €366,000 | +€101,000 | +38.1% |
| Profit (loss) carried forward | 14 | €1,083 | €1,808 | +€725 | +67.0% |
| Amounts payable | 17/49 | €92,315 | €50,528 | -€41,786 | -45.3% |
| Amounts payable within one year | 42/48 | €92,315 | €50,528 | -€41,786 | -45.3% |
| Trade debts | 44 | €2,623 | €3,106 | +€482 | +18.4% |
| Suppliers | 440/4 | €2,623 | €3,106 | +€482 | +18.4% |
| Taxes, remuneration and social security | 45 | €17,600 | €35,053 | +€17,453 | +99.2% |
| Taxes | 450/3 | €17,600 | €35,053 | +€17,453 | +99.2% |
| Other amounts payable | 47/48 | €72,091 | €12,370 | -€59,722 | -82.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,409 | €5,535 | +€1,126 | +25.5% |
| Other operating charges | 640/8 | €3,257 | €1,119 | -€2,138 | -65.6% |
| Gross operating margin | 9900 | €107,670 | €155,098 | +€47,428 | +44.0% |
| Operating profit (loss) | 9901 | €100,004 | €148,444 | +€48,440 | +48.4% |
| Financial income | 75/76B | €3,820 | €5,840 | +€2,020 | +52.9% |
| Recurring financial income | 75 | €3,820 | €5,840 | +€2,020 | +52.9% |
| Financial charges | 65/66B | €2,852 | €2,108 | -€745 | -26.1% |
| Recurring financial charges | 65 | €2,852 | €2,108 | -€745 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €100,972 | €152,176 | +€51,204 | +50.7% |
| Income taxes | 67/77 | €30,484 | €50,451 | +€19,967 | +65.5% |
| Profit (loss) for the period | 9904 | €70,488 | €101,725 | +€31,237 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,488 | €101,725 | +€31,237 | +44.3% |
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 11 October 2026 via checked.be.