NOVICREO: 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.
NOVICREO
Largest movements
- Cash -€52,739
down €52,739 (-52.5%), from €100,427 to €47,688
mainly Investment in fixed assets (net) (-€98,283) and Contributions, distributions and other (-€55,000)
- Financial fixed assets +€50,000
up €50,000 (+24.4%), from €204,960 to €254,960
- Tangible fixed assets +€42,596
up €42,596 (+118%), from €35,954 to €78,550
of which Furniture and vehicles: +€55,531
- Profit (loss) carried forward +€60,461
up €60,461 (+59.9%), from €100,997 to €161,458
- Other debts -€40,738
down €40,738 (-97.0%), from €41,978 to €1,240
- Tax, wage and social debts +€29,332
up €29,332 (+52.3%), from €56,079 to €85,411
- Gross operating margin -€264,331
down €264,331 (-63.1%), from €419,238 to €154,907
- Taxes -€91,718
down €91,718 (-71.6%), from €128,180 to €36,462
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 | €558,188 | €608,120 | +€49,932 | +8.9% |
| Fixed assets | 21/28 | €240,914 | €333,510 | +€92,596 | +38.4% |
| Tangible fixed assets | 22/27 | €35,954 | €78,550 | +€42,596 | +118% |
| Plant, machinery and equipment | 23 | €13,436 | €501 | -€12,935 | -96.3% |
| Furniture and vehicles | 24 | €22,518 | €78,048 | +€55,531 | +247% |
| Financial fixed assets | 28 | €204,960 | €254,960 | +€50,000 | +24.4% |
| Current assets | 29/58 | €317,274 | €274,611 | -€42,663 | -13.4% |
| Amounts receivable within one year | 40/41 | €32,569 | €36,946 | +€4,377 | +13.4% |
| Trade receivables | 40 | €32,569 | €36,946 | +€4,377 | +13.4% |
| Current investments | 50/53 | €180,000 | €183,997 | +€3,997 | +2.2% |
| Cash at bank and in hand | 54/58 | €100,427 | €47,688 | -€52,739 | -52.5% |
| Deferred charges and accrued income | 490/1 | €4,278 | €5,980 | +€1,701 | +39.8% |
| Total equity and liabilities | 10/49 | €558,188 | €608,120 | +€49,932 | +8.9% |
| Equity | 10/15 | €458,798 | €519,259 | +€60,461 | +13.2% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €335,801 | €335,801 | = | 0.0% |
| Distributable reserves | 133 | €335,801 | €335,801 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,997 | €161,458 | +€60,461 | +59.9% |
| Amounts payable | 17/49 | €99,390 | €88,861 | -€10,529 | -10.6% |
| Amounts payable within one year | 42/48 | €98,969 | €88,861 | -€10,108 | -10.2% |
| Financial debts | 43 | €13 | - | -€13 | |
| Credit institutions | 430/8 | €13 | - | -€13 | |
| Trade debts | 44 | €899 | €2,210 | +€1,311 | +146% |
| Suppliers | 440/4 | €899 | €2,210 | +€1,311 | +146% |
| Taxes, remuneration and social security | 45 | €56,079 | €85,411 | +€29,332 | +52.3% |
| Taxes | 450/3 | €56,079 | €85,411 | +€29,332 | +52.3% |
| Other amounts payable | 47/48 | €41,978 | €1,240 | -€40,738 | -97.0% |
| Accrued charges and deferred income | 492/3 | €421 | - | -€421 | |
| Non-recurring operating income | 76A | - | €2,400 | +€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,020 | €5,688 | -€1,333 | -19.0% |
| Other operating charges | 640/8 | €1,438 | €2,674 | +€1,236 | +86.0% |
| Gross operating margin | 9900 | €419,238 | €154,907 | -€264,331 | -63.1% |
| Operating profit (loss) | 9901 | €410,780 | €146,545 | -€264,235 | -64.3% |
| Financial income | 75/76B | €2,813 | €6,109 | +€3,295 | +117% |
| Recurring financial income | 75 | €2,813 | €6,109 | +€3,295 | +117% |
| Financial charges | 65/66B | €841 | €731 | -€111 | -13.2% |
| Recurring financial charges | 65 | €841 | €731 | -€111 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €412,752 | €151,923 | -€260,829 | -63.2% |
| Income taxes | 67/77 | €128,180 | €36,462 | -€91,718 | -71.6% |
| Profit (loss) for the period | 9904 | €284,572 | €115,461 | -€169,111 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €284,572 | €115,461 | -€169,111 | -59.4% |
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 18 October 2026 via checked.be.