Novigis: 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.
Novigis
Largest movements
- Stocks and contracts +€370,296
up €370,296 (+91.5%), from €404,557 to €774,852
- Receivables within one year +€132,312
up €132,312 (+84.6%), from €156,412 to €288,724
of which Trade receivables: +€88,518
- Cash +€24,659
up €24,659 (+23.9%), from €103,040 to €127,699
mainly Other debts (+€525,063) and Depreciation (+€19,514)
- Other debts +€525,063
up €525,063 (+108.1%), from €485,875 to €1.0m
- Gross operating margin +€25,319
up €25,319 (+32.8%), from €77,291 to €102,611
- Financial charges +€12,287
up €12,287 (+210.7%), from €5,832 to €18,119
- Staff costs +€10,785
up €10,785 (+24.2%), from €44,484 to €55,269
- Taxes +€2,810
up €2,810 (+181.9%), from €1,545 to €4,355
- Other operating charges -€2,255
down €2,255 (-31.8%), from €7,098 to €4,842
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 | €722,803 | €1,238,962 | +€516,159 | +71.4% |
| Fixed assets | 21/28 | €56,246 | €44,659 | -€11,587 | -20.6% |
| Intangible fixed assets | 21 | €2,450 | €1,724 | -€726 | -29.6% |
| Tangible fixed assets | 22/27 | €53,797 | €42,936 | -€10,861 | -20.2% |
| Plant, machinery and equipment | 23 | €1,356 | €6,820 | +€5,464 | +403.0% |
| Furniture and vehicles | 24 | €47,885 | €32,642 | -€15,243 | -31.8% |
| Other tangible fixed assets | 26 | €4,556 | €3,474 | -€1,082 | -23.8% |
| Current assets | 29/58 | €666,557 | €1,194,303 | +€527,746 | +79.2% |
| Stocks and contracts in progress | 3 | €404,557 | €774,852 | +€370,296 | +91.5% |
| Stocks | 30/36 | €404,557 | €774,852 | +€370,296 | +91.5% |
| Amounts receivable within one year | 40/41 | €156,412 | €288,724 | +€132,312 | +84.6% |
| Trade receivables | 40 | €100,400 | €188,918 | +€88,518 | +88.2% |
| Other amounts receivable | 41 | €56,013 | €99,807 | +€43,794 | +78.2% |
| Cash at bank and in hand | 54/58 | €103,040 | €127,699 | +€24,659 | +23.9% |
| Deferred charges and accrued income | 490/1 | €2,548 | €3,027 | +€479 | +18.8% |
| Total equity and liabilities | 10/49 | €722,803 | €1,238,962 | +€516,159 | +71.4% |
| Equity | 10/15 | €27,601 | €29,568 | +€1,966 | +7.1% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,601 | €5,568 | +€1,966 | +54.6% |
| Amounts payable | 17/49 | €695,202 | €1,209,395 | +€514,193 | +74.0% |
| Amounts payable after more than one year | 17 | €3,938 | €810 | -€3,127 | -79.4% |
| Financial debts | 170/4 | €3,938 | €810 | -€3,127 | -79.4% |
| Amounts payable within one year | 42/48 | €687,594 | €1,208,584 | +€520,990 | +75.8% |
| Current portion of amounts payable after more than one year | 42 | €2,954 | €3,127 | +€173 | +5.9% |
| Financial debts | 43 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Credit institutions | 430/8 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Trade debts | 44 | €118,467 | €116,630 | -€1,838 | -1.6% |
| Suppliers | 440/4 | €118,467 | €116,630 | -€1,838 | -1.6% |
| Taxes, remuneration and social security | 45 | €20,297 | €27,889 | +€7,592 | +37.4% |
| Taxes | 450/3 | €12,323 | €24,450 | +€12,126 | +98.4% |
| Remuneration and social security | 454/9 | €7,974 | €3,440 | -€4,534 | -56.9% |
| Other amounts payable | 47/48 | €485,875 | €1,010,938 | +€525,063 | +108.1% |
| Accrued charges and deferred income | 492/3 | €3,670 | €0 | -€3,670 | -100.0% |
| Remuneration, social security and pensions | 62 | €44,484 | €55,269 | +€10,785 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,763 | €19,514 | +€1,751 | +9.9% |
| Other operating charges | 640/8 | €7,098 | €4,842 | -€2,255 | -31.8% |
| Non-recurring operating charges | 66A | - | €695 | +€695 | |
| Gross operating margin | 9900 | €77,291 | €102,611 | +€25,319 | +32.8% |
| Operating profit (loss) | 9901 | €7,947 | €22,291 | +€14,343 | +180.5% |
| Financial income | 75/76B | €962 | €2,150 | +€1,188 | +123.5% |
| Recurring financial income | 75 | €962 | €2,150 | +€1,188 | +123.5% |
| Financial charges | 65/66B | €5,832 | €18,119 | +€12,287 | +210.7% |
| Recurring financial charges | 65 | €5,832 | €18,119 | +€12,287 | +210.7% |
| Profit (loss) for the period before taxes | 9903 | €3,077 | €6,321 | +€3,244 | +105.4% |
| Income taxes | 67/77 | €1,545 | €4,355 | +€2,810 | +181.9% |
| Profit (loss) for the period | 9904 | €1,532 | €1,966 | +€434 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,532 | €1,966 | +€434 | +28.3% |
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 2 October 2026 via checked.be.