Novico: 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.
Novico
Largest movements
- Cash -€16,114
down €16,114 (-76.4%), from €21,088 to €4,974
mainly Other debts (-€7,426) and Receivables within one year (-€5,620)
- Receivables within one year +€5,620
up €5,620 (+17.5%), from €32,036 to €37,655
of which Trade receivables: +€4,882
- Other debts -€7,426
down €7,426 (-6.5%), from €113,708 to €106,283
- Tax, wage and social debts +€3,818
up €3,818 (+74.8%), from €5,104 to €8,923
- Reserves -€2,683
down €2,683 (-10.2%), from €26,283 to €23,600
of which Distributable reserves: -€2,683
- Gross operating margin -€16,489
down €16,489 (-59.4%), from €27,745 to €11,256
- Taxes -€5,210
down €5,210 (-78.0%), from €6,678 to €1,468
- Financial charges -€832
down €832 (-7.5%), from €11,162 to €10,330
- Depreciation -€797
down €797 (-31.7%), from €2,514 to €1,717
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.
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 | €169,193 | €158,724 | -€10,469 | -6.2% |
| Fixed assets | 21/28 | €114,435 | €114,496 | +€61 | +0.1% |
| Tangible fixed assets | 22/27 | €4,034 | €4,095 | +€61 | +1.5% |
| Furniture and vehicles | 24 | €4,034 | €4,095 | +€61 | +1.5% |
| Financial fixed assets | 28 | €110,401 | €110,401 | = | 0.0% |
| Current assets | 29/58 | €54,758 | €44,228 | -€10,530 | -19.2% |
| Amounts receivable within one year | 40/41 | €32,036 | €37,655 | +€5,620 | +17.5% |
| Trade receivables | 40 | €30,116 | €34,998 | +€4,882 | +16.2% |
| Other amounts receivable | 41 | €1,920 | €2,658 | +€738 | +38.4% |
| Cash at bank and in hand | 54/58 | €21,088 | €4,974 | -€16,114 | -76.4% |
| Deferred charges and accrued income | 490/1 | €1,634 | €1,599 | -€36 | -2.2% |
| Total equity and liabilities | 10/49 | €169,193 | €158,724 | -€10,469 | -6.2% |
| Equity | 10/15 | €38,783 | €35,009 | -€3,774 | -9.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €26,283 | €23,600 | -€2,683 | -10.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €26,283 | €23,600 | -€2,683 | -10.2% |
| Profit (loss) carried forward | 14 | €0 | -€1,091 | -€1,091 | |
| Amounts payable | 17/49 | €130,409 | €123,715 | -€6,695 | -5.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €122,915 | €117,879 | -€5,036 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €202 | €0 | -€202 | -100% |
| Trade debts | 44 | €3,900 | €2,674 | -€1,227 | -31.5% |
| Suppliers | 440/4 | €3,900 | €2,674 | -€1,227 | -31.5% |
| Taxes, remuneration and social security | 45 | €5,104 | €8,923 | +€3,818 | +74.8% |
| Taxes | 450/3 | €5,104 | €8,923 | +€3,818 | +74.8% |
| Other amounts payable | 47/48 | €113,708 | €106,283 | -€7,426 | -6.5% |
| Accrued charges and deferred income | 492/3 | €7,494 | €5,836 | -€1,659 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,514 | €1,717 | -€797 | -31.7% |
| Other operating charges | 640/8 | €1,377 | €1,527 | +€150 | +10.9% |
| Gross operating margin | 9900 | €27,745 | €11,256 | -€16,489 | -59.4% |
| Operating profit (loss) | 9901 | €23,854 | €8,012 | -€15,842 | -66.4% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €11,162 | €10,330 | -€832 | -7.5% |
| Recurring financial charges | 65 | €11,162 | €10,330 | -€832 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €12,692 | -€2,307 | -€14,998 | |
| Income taxes | 67/77 | €6,678 | €1,468 | -€5,210 | -78.0% |
| Profit (loss) for the period | 9904 | €6,014 | -€3,774 | -€9,788 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,014 | -€3,774 | -€9,788 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.