Novigradus Management: 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.
Novigradus Management
Largest movements
- Tangible fixed assets -€58,311
down €58,311 (-56.6%), from €102,954 to €44,643
of which Furniture and vehicles: -€46,200
- Cash +€49,944
up €49,944 (+629%), from €7,942 to €57,886
mainly Investment in fixed assets (net) (+€47,222) and Depreciation (+€11,089)
- Receivables within one year +€5,355
up €5,355 (+929%), from €577 to €5,931
of which Other amounts receivable: +€5,355
- Deferred charges and accrued income -€1,367
down €1,367 (-50.0%), from €2,732 to €1,366
- Profit (loss) carried forward +€45,671
up €45,671, from -€45,671 to €0
- Reserves -€42,063
down €42,063 (-31.3%), from €134,516 to €92,453
- Other debts -€6,162
down €6,162 (-100%), from €6,162 to €0
- Tax, wage and social debts -€1,175
down €1,175 (-10.3%), from €11,353 to €10,178
of which Taxes: -€1,175
- Gross operating margin +€37,811
up €37,811, from -€14,808 to €23,003
- Depreciation -€16,875
down €16,875 (-60.3%), from €27,964 to €11,089
- Financial charges -€1,065
down €1,065 (-91.1%), from €1,170 to €104
- Other operating charges -€647
down €647 (-40.4%), from €1,602 to €955
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 | €114,205 | €109,826 | -€4,379 | -3.8% |
| Fixed assets | 21/28 | €102,954 | €44,643 | -€58,311 | -56.6% |
| Tangible fixed assets | 22/27 | €102,954 | €44,643 | -€58,311 | -56.6% |
| Land and buildings | 22 | €19,187 | €18,132 | -€1,056 | -5.5% |
| Plant, machinery and equipment | 23 | €11,056 | €0 | -€11,056 | -100% |
| Furniture and vehicles | 24 | €72,711 | €26,511 | -€46,200 | -63.5% |
| Current assets | 29/58 | €11,251 | €65,183 | +€53,932 | +479% |
| Amounts receivable within one year | 40/41 | €577 | €5,931 | +€5,355 | +929% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €577 | €5,931 | +€5,355 | +929% |
| Cash at bank and in hand | 54/58 | €7,942 | €57,886 | +€49,944 | +629% |
| Deferred charges and accrued income | 490/1 | €2,732 | €1,366 | -€1,367 | -50.0% |
| Total equity and liabilities | 10/49 | €114,205 | €109,826 | -€4,379 | -3.8% |
| Equity | 10/15 | €93,844 | €97,453 | +€3,608 | +3.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €134,516 | €92,453 | -€42,063 | -31.3% |
| Distributable reserves | 133 | €134,516 | €92,453 | -€42,063 | -31.3% |
| Profit (loss) carried forward | 14 | -€45,671 | €0 | +€45,671 | |
| Amounts payable | 17/49 | €20,360 | €12,373 | -€7,987 | -39.2% |
| Amounts payable within one year | 42/48 | €20,360 | €12,373 | -€7,987 | -39.2% |
| Financial debts | 43 | €106 | €0 | -€106 | -100% |
| Other loans | 439 | €106 | €0 | -€106 | -100% |
| Trade debts | 44 | €2,740 | €2,195 | -€545 | -19.9% |
| Suppliers | 440/4 | €2,740 | €2,195 | -€545 | -19.9% |
| Taxes, remuneration and social security | 45 | €11,353 | €10,178 | -€1,175 | -10.3% |
| Taxes | 450/3 | €11,353 | €10,178 | -€1,175 | -10.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,162 | €0 | -€6,162 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €12,677 | +€12,677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,964 | €11,089 | -€16,875 | -60.3% |
| Other operating charges | 640/8 | €1,602 | €955 | -€647 | -40.4% |
| Non-recurring operating charges | 66A | - | €7,056 | +€7,056 | |
| Gross operating margin | 9900 | -€14,808 | €23,003 | +€37,811 | |
| Operating profit (loss) | 9901 | -€44,374 | €3,904 | +€48,277 | |
| Financial income | 75/76B | €0 | €127 | +€126 | +43,555% |
| Recurring financial income | 75 | €0 | €127 | +€126 | +43,555% |
| Financial charges | 65/66B | €1,170 | €104 | -€1,065 | -91.1% |
| Recurring financial charges | 65 | €1,170 | €104 | -€1,065 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | -€45,543 | €3,926 | +€49,469 | |
| Income taxes | 67/77 | €128 | €318 | +€190 | +148% |
| Profit (loss) for the period | 9904 | -€45,671 | €3,608 | +€49,279 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,671 | €3,608 | +€49,279 |
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 30 October 2026 via checked.be.