NOVESCO: what changed
Two fiscal 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.
NOVESCO
Largest movements
- Cash -€311
down €311 (-79.4%), from €392 to €81
mainly Trade debts (-€1,703) and Net result for the year (-€1,546)
- Tangible fixed assets -€310
down €310 (-74.2%), from €418 to €108
- Other debts +€2,628
up €2,628 (+2.3%), from €114,984 to €117,611
- Trade debts -€1,703
down €1,703 (-100.0%), from €1,703 to €0
- Profit (loss) carried forward -€1,546
down €1,546 (-0.5%), from -€317,554 to -€319,100
- Gross operating margin +€1,129
up €1,129 (+94.5%), from -€1,195 to -€66
- Other operating charges +€1,041
up €1,041, from €0 to €1,041
- Staff costs +€58
up €58, from -€58 to €0
- Financial charges +€25
up €25 (+24.6%), from €104 to €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.
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 | €810 | €189 | -€621 | -76.7% |
| Fixed assets | 21/28 | €418 | €108 | -€310 | -74.2% |
| Tangible fixed assets | 22/27 | €418 | €108 | -€310 | -74.2% |
| Furniture and vehicles | 24 | €418 | €108 | -€310 | -74.2% |
| Current assets | 29/58 | €392 | €81 | -€311 | -79.4% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €392 | €81 | -€311 | -79.4% |
| Total equity and liabilities | 10/49 | €810 | €189 | -€621 | -76.7% |
| Equity | 10/15 | -€115,876 | -€117,422 | -€1,546 | -1.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,677 | €1,677 | = | 0.0% |
| Distributable reserves | 133 | €1,677 | €1,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€317,554 | -€319,100 | -€1,546 | -0.5% |
| Amounts payable | 17/49 | €116,686 | €117,611 | +€925 | +0.8% |
| Amounts payable within one year | 42/48 | €116,686 | €117,611 | +€925 | +0.8% |
| Trade debts | 44 | €1,703 | €0 | -€1,703 | -100.0% |
| Suppliers | 440/4 | €1,703 | €0 | -€1,703 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €114,984 | €117,611 | +€2,628 | +2.3% |
| Remuneration, social security and pensions | 62 | -€58 | €0 | +€58 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €310 | €310 | = | 0.0% |
| Other operating charges | 640/8 | €0 | €1,041 | +€1,041 | |
| Non-recurring operating charges | 66A | €355 | €0 | -€355 | -100.0% |
| Gross operating margin | 9900 | -€1,195 | -€66 | +€1,129 | +94.5% |
| Operating profit (loss) | 9901 | -€1,802 | -€1,417 | +€385 | +21.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €104 | €129 | +€25 | +24.6% |
| Recurring financial charges | 65 | €104 | €129 | +€25 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,906 | -€1,546 | +€360 | +18.9% |
| Profit (loss) for the period | 9904 | -€1,906 | -€1,546 | +€360 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,906 | -€1,546 | +€360 | +18.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.