NOVIGA: 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.
NOVIGA
Largest movements
- Tangible fixed assets -€13,226
down €13,226 (-88.2%), from €14,999 to €1,772
- Receivables within one year +€1,462
up €1,462 (+8.0%), from €18,200 to €19,663
of which Other amounts receivable: +€2,174
- Profit (loss) carried forward -€81,759
down €81,759 (-100%), from €81,759 to €0
- Other debts +€70,953
up €70,953 (+711%), from €9,974 to €80,927
- Gross operating margin -€8,020
down €8,020 (-7.3%), from €110,175 to €102,155
- Taxes -€1,795
down €1,795 (-9.1%), from €19,621 to €17,826
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 | €122,902 | €111,710 | -€11,192 | -9.1% |
| Fixed assets | 21/28 | €14,999 | €1,772 | -€13,226 | -88.2% |
| Tangible fixed assets | 22/27 | €14,999 | €1,772 | -€13,226 | -88.2% |
| Furniture and vehicles | 24 | €14,999 | €1,772 | -€13,226 | -88.2% |
| Current assets | 29/58 | €107,903 | €109,938 | +€2,034 | +1.9% |
| Amounts receivable within one year | 40/41 | €18,200 | €19,663 | +€1,462 | +8.0% |
| Trade receivables | 40 | €18,200 | €17,489 | -€712 | -3.9% |
| Other amounts receivable | 41 | €0 | €2,174 | +€2,174 | |
| Cash at bank and in hand | 54/58 | €87,585 | €88,140 | +€555 | +0.6% |
| Deferred charges and accrued income | 490/1 | €2,118 | €2,135 | +€17 | +0.8% |
| Total equity and liabilities | 10/49 | €122,902 | €111,710 | -€11,192 | -9.1% |
| Equity | 10/15 | €102,219 | €20,460 | -€81,759 | -80.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,759 | €0 | -€81,759 | -100% |
| Amounts payable | 17/49 | €20,683 | €91,250 | +€70,567 | +341% |
| Amounts payable within one year | 42/48 | €20,683 | €91,250 | +€70,567 | +341% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €653 | €870 | +€217 | +33.2% |
| Suppliers | 440/4 | €653 | €870 | +€217 | +33.2% |
| Taxes, remuneration and social security | 45 | €10,056 | €9,454 | -€603 | -6.0% |
| Taxes | 450/3 | €10,056 | €9,454 | -€603 | -6.0% |
| Other amounts payable | 47/48 | €9,974 | €80,927 | +€70,953 | +711% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,981 | €13,226 | -€755 | -5.4% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €110,175 | €102,155 | -€8,020 | -7.3% |
| Operating profit (loss) | 9901 | €95,743 | €88,464 | -€7,280 | -7.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +500% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +500% |
| Financial charges | 65/66B | €263 | €100 | -€163 | -61.8% |
| Recurring financial charges | 65 | €263 | €100 | -€163 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €95,480 | €88,363 | -€7,117 | -7.5% |
| Income taxes | 67/77 | €19,621 | €17,826 | -€1,795 | -9.1% |
| Profit (loss) for the period | 9904 | €75,859 | €70,537 | -€5,322 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,859 | €70,537 | -€5,322 | -7.0% |
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 15 October 2026 via checked.be.