NOVICOM: 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.
NOVICOM
Largest movements
- Receivables within one year +€18,110
up €18,110 (+31.7%), from €57,122 to €75,232
of which Trade receivables: +€26,161
- Tangible fixed assets -€7,531
no longer reported in 2025 (was €7,531)
- Cash +€2,927
up €2,927 (+957.2%), from €306 to €3,233
mainly Net result for the year (+€16,008) and Investment in fixed assets (net) (+€7,531)
- Profit (loss) carried forward +€16,008
up €16,008 (+32.0%), from €50,083 to €66,091
- Current portion of long-term debt -€4,737
no longer reported in 2025 (was €4,737)
- Tax, wage and social debts +€2,420
new in 2025: €2,420
- Purchases and services -€39,504
down €39,504 (-31.3%), from €126,185 to €86,681
- Turnover -€25,429
down €25,429 (-18.2%), from €139,674 to €114,245
- Gross operating margin +€14,510
up €14,510 (+88.2%), from €16,455 to €30,964
- Staff costs +€5,030
new in 2025: €5,030
- Depreciation -€2,500
no longer reported in 2025 (was €2,500)
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 | €64,959 | €78,465 | +€13,506 | +20.8% |
| Fixed assets | 21/28 | €7,531 | - | -€7,531 | |
| Tangible fixed assets | 22/27 | €7,531 | - | -€7,531 | |
| Furniture and vehicles | 24 | €7,531 | - | -€7,531 | |
| Current assets | 29/58 | €57,428 | €78,465 | +€21,037 | +36.6% |
| Amounts receivable within one year | 40/41 | €57,122 | €75,232 | +€18,110 | +31.7% |
| Trade receivables | 40 | €823 | €26,984 | +€26,161 | +3177.7% |
| Other amounts receivable | 41 | €56,299 | €48,248 | -€8,051 | -14.3% |
| Cash at bank and in hand | 54/58 | €306 | €3,233 | +€2,927 | +957.2% |
| Total equity and liabilities | 10/49 | €64,959 | €78,465 | +€13,506 | +20.8% |
| Equity | 10/15 | €58,143 | €74,151 | +€16,008 | +27.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,083 | €66,091 | +€16,008 | +32.0% |
| Amounts payable | 17/49 | €6,816 | €4,314 | -€2,502 | -36.7% |
| Amounts payable within one year | 42/48 | €6,526 | €4,022 | -€2,504 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €4,737 | - | -€4,737 | |
| Trade debts | 44 | €1,789 | €1,602 | -€187 | -10.5% |
| Suppliers | 440/4 | €1,789 | €1,602 | -€187 | -10.5% |
| Taxes, remuneration and social security | 45 | - | €2,420 | +€2,420 | |
| Taxes | 450/3 | - | €2,420 | +€2,420 | |
| Accrued charges and deferred income | 492/3 | €291 | €292 | +€1 | +0.4% |
| Turnover | 70 | €139,674 | €114,245 | -€25,429 | -18.2% |
| Non-recurring operating income | 76A | - | €700 | +€700 | |
| Goods, raw materials, services and sundry goods | 60/61 | €126,185 | €86,681 | -€39,504 | -31.3% |
| Remuneration, social security and pensions | 62 | - | €5,030 | +€5,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | - | -€2,500 | |
| Other operating charges | 640/8 | €1,283 | €972 | -€310 | -24.2% |
| Non-recurring operating charges | 66A | - | €7,031 | +€7,031 | |
| Gross operating margin | 9900 | €16,455 | €30,964 | +€14,510 | +88.2% |
| Operating profit (loss) | 9901 | €12,672 | €17,931 | +€5,259 | +41.5% |
| Financial charges | 65/66B | €426 | €1,923 | +€1,496 | +351.0% |
| Recurring financial charges | 65 | €426 | €1,923 | +€1,496 | +351.0% |
| Profit (loss) for the period before taxes | 9903 | €12,246 | €16,008 | +€3,763 | +30.7% |
| Profit (loss) for the period | 9904 | €12,246 | €16,008 | +€3,763 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,246 | €16,008 | +€3,763 | +30.7% |
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 30 September 2026 via checked.be.