NOVIDRE: 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.
NOVIDRE
Largest movements
- Current investments +€39,069
up €39,069 (+205.6%), from €19,001 to €58,070
- Cash +€25,537
up €25,537 (+67.5%), from €37,841 to €63,378
mainly Other debts (+€147,941) and Net result for the year (+€109,397)
- Tangible fixed assets -€15,887
down €15,887 (-32.4%), from €48,964 to €33,077
- Deferred charges and accrued income +€3,791
up €3,791 (+6.6%), from €57,812 to €61,603
- Other debts +€147,941
up €147,941 (+314.4%), from €47,059 to €195,000
- Reserves -€85,603
down €85,603 (-92.0%), from €93,005 to €7,402
of which Distributable reserves: -€85,603
- Trade debts -€12,976
down €12,976 (-74.1%), from €17,519 to €4,543
- Gross operating margin +€14,333
up €14,333 (+9.7%), from €147,435 to €161,767
- Taxes +€4,153
up €4,153 (+14.3%), from €29,108 to €33,261
- Financial income -€3,744
down €3,744 (-98.1%), from €3,817 to €73
- Depreciation -€1,929
down €1,929 (-9.4%), from €20,486 to €18,557
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 | €187,586 | €239,069 | +€51,483 | +27.4% |
| Fixed assets | 21/28 | €49,060 | €33,173 | -€15,887 | -32.4% |
| Tangible fixed assets | 22/27 | €48,964 | €33,077 | -€15,887 | -32.4% |
| Furniture and vehicles | 24 | €48,964 | €33,077 | -€15,887 | -32.4% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €138,526 | €205,896 | +€67,370 | +48.6% |
| Amounts receivable within one year | 40/41 | €23,872 | €22,846 | -€1,027 | -4.3% |
| Other amounts receivable | 41 | €23,872 | €22,846 | -€1,027 | -4.3% |
| Current investments | 50/53 | €19,001 | €58,070 | +€39,069 | +205.6% |
| Cash at bank and in hand | 54/58 | €37,841 | €63,378 | +€25,537 | +67.5% |
| Deferred charges and accrued income | 490/1 | €57,812 | €61,603 | +€3,791 | +6.6% |
| Total equity and liabilities | 10/49 | €187,586 | €239,069 | +€51,483 | +27.4% |
| Equity | 10/15 | €111,605 | €26,002 | -€85,603 | -76.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,005 | €7,402 | -€85,603 | -92.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €91,145 | €5,542 | -€85,603 | -93.9% |
| Amounts payable | 17/49 | €75,981 | €213,067 | +€137,086 | +180.4% |
| Amounts payable within one year | 42/48 | €75,981 | €213,067 | +€137,086 | +180.4% |
| Trade debts | 44 | €17,519 | €4,543 | -€12,976 | -74.1% |
| Suppliers | 440/4 | €17,519 | €4,543 | -€12,976 | -74.1% |
| Taxes, remuneration and social security | 45 | €11,403 | €13,524 | +€2,121 | +18.6% |
| Taxes | 450/3 | €11,403 | €13,524 | +€2,121 | +18.6% |
| Other amounts payable | 47/48 | €47,059 | €195,000 | +€147,941 | +314.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,486 | €18,557 | -€1,929 | -9.4% |
| Other operating charges | 640/8 | €750 | €525 | -€225 | -30.0% |
| Gross operating margin | 9900 | €147,435 | €161,767 | +€14,333 | +9.7% |
| Operating profit (loss) | 9901 | €126,199 | €142,685 | +€16,487 | +13.1% |
| Financial income | 75/76B | €3,817 | €73 | -€3,744 | -98.1% |
| Recurring financial income | 75 | €3,817 | €73 | -€3,744 | -98.1% |
| Financial charges | 65/66B | €99 | €101 | +€2 | +2.0% |
| Recurring financial charges | 65 | €99 | €101 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €129,917 | €142,658 | +€12,740 | +9.8% |
| Income taxes | 67/77 | €29,108 | €33,261 | +€4,153 | +14.3% |
| Profit (loss) for the period | 9904 | €100,810 | €109,397 | +€8,587 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,810 | €109,397 | +€8,587 | +8.5% |
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 3 October 2026 via checked.be.