NOVIAT: 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.
NOVIAT
Largest movements
- Cash -€32,824
down €32,824 (-36.0%), from €91,072 to €58,248
mainly Trade debts (-€122,124) and Receivables within one year (-€26,313)
- Receivables within one year +€26,313
up €26,313 (+24.7%), from €106,316 to €132,629
of which Trade receivables: +€33,711
- Deferred charges and accrued income -€10,478
down €10,478 (-57.0%), from €18,368 to €7,889
- Stocks and contracts -€8,533
down €8,533 (-16.9%), from €50,409 to €41,876
- Intangible fixed assets -€4,431
down €4,431 (-15.7%), from €28,246 to €23,816
- Trade debts -€122,124
down €122,124 (-59.8%), from €204,389 to €82,265
- Profit (loss) carried forward +€54,262
up €54,262 (+24.3%), from -€223,563 to -€169,300
- Tax, wage and social debts +€37,056
up €37,056 (+107%), from €34,480 to €71,536
of which Remuneration and social security: +€26,423
- Staff costs +€90,786
up €90,786 (+38.4%), from €236,132 to €326,918
- Gross operating margin +€78,320
up €78,320 (+23.4%), from €334,222 to €412,542
- Other operating charges +€17,827
up €17,827 (+2,646%), from €674 to €18,501
- Depreciation +€4,198
up €4,198 (+66.7%), from €6,297 to €10,495
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 | €300,867 | €269,230 | -€31,637 | -10.5% |
| Fixed assets | 21/28 | €34,703 | €28,589 | -€6,114 | -17.6% |
| Intangible fixed assets | 21 | €28,246 | €23,816 | -€4,431 | -15.7% |
| Tangible fixed assets | 22/27 | €4,305 | €2,622 | -€1,683 | -39.1% |
| Furniture and vehicles | 24 | €4,305 | €2,622 | -€1,683 | -39.1% |
| Financial fixed assets | 28 | €2,151 | €2,151 | = | 0.0% |
| Current assets | 29/58 | €266,165 | €240,641 | -€25,523 | -9.6% |
| Stocks and contracts in progress | 3 | €50,409 | €41,876 | -€8,533 | -16.9% |
| Contracts in progress | 37 | €50,409 | €41,876 | -€8,533 | -16.9% |
| Amounts receivable within one year | 40/41 | €106,316 | €132,629 | +€26,313 | +24.7% |
| Trade receivables | 40 | €98,918 | €132,629 | +€33,711 | +34.1% |
| Other amounts receivable | 41 | €7,398 | - | -€7,398 | |
| Cash at bank and in hand | 54/58 | €91,072 | €58,248 | -€32,824 | -36.0% |
| Deferred charges and accrued income | 490/1 | €18,368 | €7,889 | -€10,478 | -57.0% |
| Total equity and liabilities | 10/49 | €300,867 | €269,230 | -€31,637 | -10.5% |
| Equity | 10/15 | €61,999 | €115,261 | +€53,262 | +85.9% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Capital | 10 | €220,000 | €220,000 | = | 0.0% |
| Issued capital | 100 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €61,729 | €61,729 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €41,729 | €41,729 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€223,563 | -€169,300 | +€54,262 | +24.3% |
| Investment grants | 15 | €3,832 | €2,832 | -€1,000 | -26.1% |
| Amounts payable | 17/49 | €238,868 | €153,969 | -€84,899 | -35.5% |
| Amounts payable within one year | 42/48 | €238,868 | €153,800 | -€85,068 | -35.6% |
| Trade debts | 44 | €204,389 | €82,265 | -€122,124 | -59.8% |
| Suppliers | 440/4 | €204,389 | €82,265 | -€122,124 | -59.8% |
| Taxes, remuneration and social security | 45 | €34,480 | €71,536 | +€37,056 | +107% |
| Taxes | 450/3 | €7,975 | €18,608 | +€10,633 | +133% |
| Remuneration and social security | 454/9 | €26,505 | €52,928 | +€26,423 | +99.7% |
| Accrued charges and deferred income | 492/3 | - | €169 | +€169 | |
| Non-recurring operating income | 76A | €13,386 | €2,893 | -€10,494 | -78.4% |
| Remuneration, social security and pensions | 62 | €236,132 | €326,918 | +€90,786 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,297 | €10,495 | +€4,198 | +66.7% |
| Other operating charges | 640/8 | €674 | €18,501 | +€17,827 | +2,646% |
| Gross operating margin | 9900 | €334,222 | €412,542 | +€78,320 | +23.4% |
| Operating profit (loss) | 9901 | €91,119 | €56,629 | -€34,490 | -37.9% |
| Financial income | 75/76B | €603 | €18 | -€585 | -97.0% |
| Recurring financial income | 75 | €603 | €18 | -€585 | -97.0% |
| Financial charges | 65/66B | €1,435 | €1,641 | +€206 | +14.4% |
| Recurring financial charges | 65 | €1,435 | €1,641 | +€206 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €90,287 | €55,006 | -€35,282 | -39.1% |
| Income taxes | 67/77 | €529 | €743 | +€214 | +40.4% |
| Profit (loss) for the period | 9904 | €89,758 | €54,262 | -€35,496 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,758 | €54,262 | -€35,496 | -39.5% |
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 19 October 2026 via checked.be.