NOVIGEMS: 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.
NOVIGEMS
Largest movements
- Cash -€44,609
down €44,609 (-63.1%), from €70,720 to €26,111
mainly Contributions, distributions and other (-€150,000) and Current investments (-€34,890)
- Current investments +€34,890
up €34,890 (+10.0%), from €350,000 to €384,890
- Receivables within one year +€17,385
up €17,385 (+56.2%), from €30,923 to €48,308
of which Trade receivables: +€24,919
- Profit (loss) carried forward -€28,908
down €28,908 (-9.8%), from €295,475 to €266,566
- Other debts +€27,058
up €27,058 (+25.7%), from €105,158 to €132,216
- Tax, wage and social debts +€8,754
up €8,754 (+28.1%), from €31,195 to €39,949
- Gross operating margin -€11,004
down €11,004 (-6.9%), from €159,623 to €148,619
- Financial income +€6,445
up €6,445 (+188%), from €3,424 to €9,869
- Taxes -€2,028
down €2,028 (-5.3%), from €38,028 to €36,000
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 | €454,115 | €461,158 | +€7,043 | +1.6% |
| Fixed assets | 21/28 | €1,584 | €858 | -€726 | -45.8% |
| Tangible fixed assets | 22/27 | €1,559 | €833 | -€726 | -46.6% |
| Furniture and vehicles | 24 | €1,559 | €833 | -€726 | -46.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €452,531 | €460,300 | +€7,769 | +1.7% |
| Amounts receivable within one year | 40/41 | €30,923 | €48,308 | +€17,385 | +56.2% |
| Trade receivables | 40 | €21,417 | €46,336 | +€24,919 | +116% |
| Other amounts receivable | 41 | €9,506 | €1,972 | -€7,534 | -79.3% |
| Current investments | 50/53 | €350,000 | €384,890 | +€34,890 | +10.0% |
| Cash at bank and in hand | 54/58 | €70,720 | €26,111 | -€44,609 | -63.1% |
| Deferred charges and accrued income | 490/1 | €889 | €991 | +€103 | +11.6% |
| Total equity and liabilities | 10/49 | €454,115 | €461,158 | +€7,043 | +1.6% |
| Equity | 10/15 | €315,935 | €287,026 | -€28,908 | -9.2% |
| 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 | €295,475 | €266,566 | -€28,908 | -9.8% |
| Amounts payable | 17/49 | €138,181 | €174,132 | +€35,952 | +26.0% |
| Amounts payable within one year | 42/48 | €138,181 | €174,132 | +€35,952 | +26.0% |
| Trade debts | 44 | €1,828 | €1,968 | +€140 | +7.6% |
| Suppliers | 440/4 | €1,828 | €1,968 | +€140 | +7.6% |
| Taxes, remuneration and social security | 45 | €31,195 | €39,949 | +€8,754 | +28.1% |
| Taxes | 450/3 | €31,195 | €39,949 | +€8,754 | +28.1% |
| Other amounts payable | 47/48 | €105,158 | €132,216 | +€27,058 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €619 | €726 | +€107 | +17.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €159,623 | €148,619 | -€11,004 | -6.9% |
| Operating profit (loss) | 9901 | €158,616 | €147,493 | -€11,123 | -7.0% |
| Financial income | 75/76B | €3,424 | €9,869 | +€6,445 | +188% |
| Recurring financial income | 75 | €3,424 | €9,869 | +€6,445 | +188% |
| Financial charges | 65/66B | €183 | €270 | +€87 | +47.4% |
| Recurring financial charges | 65 | €183 | €270 | +€87 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | €161,857 | €157,092 | -€4,765 | -2.9% |
| Income taxes | 67/77 | €38,028 | €36,000 | -€2,028 | -5.3% |
| Profit (loss) for the period | 9904 | €123,829 | €121,092 | -€2,737 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €123,829 | €121,092 | -€2,737 | -2.2% |
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 17 October 2026 via checked.be.