NOVI TRUST: 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.
NOVI TRUST
Largest movements
- Receivables after one year +€195,000
new in 2025: €195,000
- Current investments +€75,000
new in 2025: €75,000
- Cash +€62,023
new in 2025: €62,023
mainly Net result for the year (+€370,013) and Tax, wage and social debts (+€33,000)
- Financial fixed assets +€31,784
up €31,784 (+38.0%), from €83,676 to €115,460
- Receivables within one year +€27,620
up €27,620 (+13.0%), from €212,180 to €239,800
of which Other amounts receivable: +€25,655
- Reserves +€370,000
up €370,000 (+170%), from €217,200 to €587,200
of which Distributable reserves: +€370,000
- Tax, wage and social debts +€33,000
up €33,000 (+155%), from €21,321 to €54,321
- Short-term financial debts -€7,528
down €7,528 (-26.6%), from €28,350 to €20,823
- Financial income +€422,738
up €422,738 (+3,719%), from €11,366 to €434,104
- Taxes +€46,858
up €46,858 (+548%), from €8,553 to €55,410
- Other operating charges +€17,029
up €17,029 (+350%), from €4,860 to €21,889
- Gross operating margin -€4,416
down €4,416 (-20.3%), from €21,726 to €17,310
- Financial charges -€3,336
down €3,336 (-44.9%), from €7,438 to €4,101
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 | €295,856 | €687,282 | +€391,426 | +132% |
| Fixed assets | 21/28 | €83,676 | €115,460 | +€31,784 | +38.0% |
| Financial fixed assets | 28 | €83,676 | €115,460 | +€31,784 | +38.0% |
| Current assets | 29/58 | €212,180 | €571,822 | +€359,642 | +169% |
| Amounts receivable after more than one year | 29 | - | €195,000 | +€195,000 | |
| Other amounts receivable | 291 | - | €195,000 | +€195,000 | |
| Amounts receivable within one year | 40/41 | €212,180 | €239,800 | +€27,620 | +13.0% |
| Trade receivables | 40 | €12,251 | €14,215 | +€1,964 | +16.0% |
| Other amounts receivable | 41 | €199,929 | €225,584 | +€25,655 | +12.8% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | - | €62,023 | +€62,023 | |
| Total equity and liabilities | 10/49 | €295,856 | €687,282 | +€391,426 | +132% |
| Equity | 10/15 | €240,685 | €610,698 | +€370,013 | +154% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €217,200 | €587,200 | +€370,000 | +170% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €212,200 | €582,200 | +€370,000 | +174% |
| Profit (loss) carried forward | 14 | €4,893 | €4,906 | +€13 | +0.3% |
| Amounts payable | 17/49 | €55,171 | €76,584 | +€21,413 | +38.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €55,171 | €76,584 | +€21,413 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | €2,651 | €0 | -€2,651 | -100% |
| Financial debts | 43 | €28,350 | €20,823 | -€7,528 | -26.6% |
| Credit institutions | 430/8 | €28,350 | €20,823 | -€7,528 | -26.6% |
| Trade debts | 44 | €2,849 | €1,440 | -€1,408 | -49.4% |
| Suppliers | 440/4 | €2,849 | €1,440 | -€1,408 | -49.4% |
| Taxes, remuneration and social security | 45 | €21,321 | €54,321 | +€33,000 | +155% |
| Taxes | 450/3 | €21,321 | €54,321 | +€33,000 | +155% |
| Other operating charges | 640/8 | €4,860 | €21,889 | +€17,029 | +350% |
| Gross operating margin | 9900 | €21,726 | €17,310 | -€4,416 | -20.3% |
| Operating profit (loss) | 9901 | €16,866 | -€4,579 | -€21,445 | |
| Financial income | 75/76B | €11,366 | €434,104 | +€422,738 | +3,719% |
| Recurring financial income | 75 | €11,366 | €434,104 | +€422,738 | +3,719% |
| Financial charges | 65/66B | €7,438 | €4,101 | -€3,336 | -44.9% |
| Recurring financial charges | 65 | €7,438 | €4,101 | -€3,336 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €20,795 | €425,423 | +€404,629 | +1,946% |
| Income taxes | 67/77 | €8,553 | €55,410 | +€46,858 | +548% |
| Profit (loss) for the period | 9904 | €12,242 | €370,013 | +€357,771 | +2,922% |
| Profit (loss) for the period to be appropriated | 9905 | €12,242 | €370,013 | +€357,771 | +2,922% |
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 28 October 2026 via checked.be.