NOVILANDI: 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.
NOVILANDI
Largest movements
- Tangible fixed assets +€101,130
up €101,130 (+7.1%), from €1.4m to €1.5m
of which Assets under construction and advance payments: +€114,091
- Short-term financial debts +€168,592
up €168,592 (+31.3%), from €538,774 to €707,366
- Profit (loss) carried forward -€42,861
down €42,861 (-11.5%), from €372,839 to €329,978
- Gross operating margin -€5,906
down €5,906 (-24.9%), from €23,715 to €17,809
- Depreciation +€5,897
up €5,897 (+16.3%), from €36,162 to €42,059
- Financial charges +€5,605
up €5,605 (+58.6%), from €9,563 to €15,168
of which Financial charges: +€5,605
- Other operating charges +€2,709
up €2,709 (+54.9%), from €4,935 to €7,643
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 | €1,429,518 | €1,542,384 | +€112,866 | +7.9% |
| Formation expenses | 20 | €561 | - | -€561 | |
| Fixed assets | 21/28 | €1,427,163 | €1,528,293 | +€101,130 | +7.1% |
| Tangible fixed assets | 22/27 | €1,427,163 | €1,528,293 | +€101,130 | +7.1% |
| Land and buildings | 22 | €1,110,858 | €1,101,046 | -€9,812 | -0.9% |
| Plant, machinery and equipment | 23 | €15,221 | €13,686 | -€1,535 | -10.1% |
| Furniture and vehicles | 24 | €41,966 | €40,351 | -€1,614 | -3.8% |
| Assets under construction and advance payments | 27 | €259,118 | €373,209 | +€114,091 | +44.0% |
| Current assets | 29/58 | €1,794 | €14,091 | +€12,297 | +685.4% |
| Cash at bank and in hand | 54/58 | €1,227 | €13,647 | +€12,420 | +1012.4% |
| Deferred charges and accrued income | 490/1 | €567 | €444 | -€123 | -21.7% |
| Total equity and liabilities | 10/49 | €1,429,518 | €1,542,384 | +€112,866 | +7.9% |
| Equity | 10/15 | €864,319 | €817,132 | -€47,187 | -5.5% |
| Contributions | 10/11 | €131,317 | €131,317 | = | 0.0% |
| Outside capital | 11 | €131,317 | - | -€131,317 | |
| Other | 1109/19 | €131,317 | - | -€131,317 | |
| Reserves | 13 | €315,676 | €313,967 | -€1,709 | -0.5% |
| Non-distributable reserves | 130/1 | €13,132 | €13,132 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,132 | €13,132 | = | 0.0% |
| Tax-exempt reserves | 132 | €260,444 | €27,336 | -€233,109 | -89.5% |
| Distributable reserves | 133 | €42,100 | €273,500 | +€231,400 | +549.6% |
| Profit (loss) carried forward | 14 | €372,839 | €329,978 | -€42,861 | -11.5% |
| Investment grants | 15 | €44,487 | €41,870 | -€2,617 | -5.9% |
| Amounts payable | 17/49 | €565,200 | €725,252 | +€160,052 | +28.3% |
| Amounts payable within one year | 42/48 | €563,519 | €725,252 | +€161,733 | +28.7% |
| Financial debts | 43 | €538,774 | €707,366 | +€168,592 | +31.3% |
| Other loans | 439 | €538,774 | €707,366 | +€168,592 | +31.3% |
| Trade debts | 44 | €24,744 | €17,886 | -€6,858 | -27.7% |
| Suppliers | 440/4 | €24,744 | €17,886 | -€6,858 | -27.7% |
| Accrued charges and deferred income | 492/3 | €1,681 | - | -€1,681 | |
| Non-recurring operating income | 76A | €527 | €518 | -€9 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,162 | €42,059 | +€5,897 | +16.3% |
| Other operating charges | 640/8 | €4,935 | €7,643 | +€2,709 | +54.9% |
| Non-recurring operating charges | 66A | €155 | €125 | -€30 | -19.5% |
| Gross operating margin | 9900 | €23,715 | €17,809 | -€5,906 | -24.9% |
| Operating profit (loss) | 9901 | -€17,537 | -€32,018 | -€14,481 | -82.6% |
| Financial income | 75/76B | €2,617 | €2,617 | +€0 | 0.0% |
| Recurring financial income | 75 | €2,617 | €2,617 | +€0 | 0.0% |
| Financial charges | 65/66B | €9,563 | €15,168 | +€5,605 | +58.6% |
| Recurring financial charges | 65 | €9,563 | €15,168 | +€5,605 | +58.6% |
| Non-recurring financial charges | 66B | €9,563 | €15,168 | +€5,605 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,483 | -€44,570 | -€20,087 | -82.0% |
| Profit (loss) for the period | 9904 | -€24,483 | -€44,570 | -€20,087 | -82.0% |
| Transfer from tax-exempt reserves | 789 | €1,708 | €1,709 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,775 | -€42,861 | -€20,087 | -88.2% |
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.