Novikov: 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.
Novikov
Largest movements
- Receivables after one year +€10,000
new in 2025: €10,000
- Cash +€8,364
up €8,364 (+147.3%), from €5,677 to €14,041
mainly Net result for the year (+€24,097) and Tax, wage and social debts (+€2,843)
- Financial fixed assets +€2,475
new in 2025: €2,475
- Receivables within one year +€750
up €750 (+3.8%), from €19,651 to €20,401
- Profit (loss) carried forward +€24,097
up €24,097 (+184.9%), from €13,034 to €37,131
- Other debts -€5,564
down €5,564 (-83.8%), from €6,643 to €1,079
- Tax, wage and social debts +€2,843
up €2,843 (+41.3%), from €6,889 to €9,732
- Gross operating margin +€17,375
up €17,375 (+98.4%), from €17,659 to €35,034
- Taxes +€3,306
up €3,306 (+94.0%), from €3,518 to €6,824
- Financial charges +€1,114
up €1,114 (+369.8%), from €301 to €1,415
- Other operating charges +€1,025
up €1,025 (+242.1%), from €423 to €1,448
- Depreciation +€911
up €911 (+238.1%), from €383 to €1,293
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 | €28,687 | €50,131 | +€21,444 | +74.8% |
| Fixed assets | 21/28 | €3,225 | €5,690 | +€2,464 | +76.4% |
| Tangible fixed assets | 22/27 | €3,225 | €3,215 | -€11 | -0.3% |
| Plant, machinery and equipment | 23 | €3,225 | €3,215 | -€11 | -0.3% |
| Financial fixed assets | 28 | - | €2,475 | +€2,475 | |
| Current assets | 29/58 | €25,462 | €44,441 | +€18,979 | +74.5% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €19,651 | €20,401 | +€750 | +3.8% |
| Trade receivables | 40 | €19,651 | €20,401 | +€750 | +3.8% |
| Cash at bank and in hand | 54/58 | €5,677 | €14,041 | +€8,364 | +147.3% |
| Deferred charges and accrued income | 490/1 | €134 | - | -€134 | |
| Total equity and liabilities | 10/49 | €28,687 | €50,131 | +€21,444 | +74.8% |
| Equity | 10/15 | €15,034 | €39,131 | +€24,097 | +160.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,034 | €37,131 | +€24,097 | +184.9% |
| Amounts payable | 17/49 | €13,653 | €10,999 | -€2,653 | -19.4% |
| Amounts payable within one year | 42/48 | €13,653 | €10,999 | -€2,653 | -19.4% |
| Trade debts | 44 | €121 | €188 | +€67 | +55.3% |
| Suppliers | 440/4 | €121 | €188 | +€67 | +55.3% |
| Taxes, remuneration and social security | 45 | €6,889 | €9,732 | +€2,843 | +41.3% |
| Taxes | 450/3 | €6,889 | €9,732 | +€2,843 | +41.3% |
| Other amounts payable | 47/48 | €6,643 | €1,079 | -€5,564 | -83.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383 | €1,293 | +€911 | +238.1% |
| Other operating charges | 640/8 | €423 | €1,448 | +€1,025 | +242.1% |
| Gross operating margin | 9900 | €17,659 | €35,034 | +€17,375 | +98.4% |
| Operating profit (loss) | 9901 | €16,853 | €32,292 | +€15,439 | +91.6% |
| Financial income | 75/76B | €0 | €43 | +€43 | +215150.0% |
| Recurring financial income | 75 | €0 | €43 | +€43 | +215150.0% |
| Financial charges | 65/66B | €301 | €1,415 | +€1,114 | +369.8% |
| Recurring financial charges | 65 | €301 | €1,415 | +€1,114 | +369.8% |
| Profit (loss) for the period before taxes | 9903 | €16,552 | €30,921 | +€14,369 | +86.8% |
| Income taxes | 67/77 | €3,518 | €6,824 | +€3,306 | +94.0% |
| Profit (loss) for the period | 9904 | €13,034 | €24,097 | +€11,063 | +84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,034 | €24,097 | +€11,063 | +84.9% |
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 8 October 2026 via checked.be.