NOVIMA: 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.
What changed
NOVIMA
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€12,067
2024 · -€62,491+€50,424
Equity
€3,556
2024 · €15,623-€12,067
Cash
€3,513
2024 · €13,036-€9,523
Balance sheet total
€5.3m
2024 · €5.6m-€260,355
Largest movements
Assets
- Tangible fixed assets -€263,953
down €263,953 (-4.8%), from €5.5m to €5.3m
of which Land and buildings: -€208,573
Equity and liabilities
- Debts after one year -€310,173
down €310,173 (-8.6%), from €3.6m to €3.3m
of which Financial debts: -€310,223
Income statement
- Gross operating margin +€88,015
up €88,015 (+24.3%), from €361,612 to €449,627
- Other operating charges +€16,546
up €16,546 (+24.0%), from €68,915 to €85,461
- Financial charges +€13,503
up €13,503 (+17.1%), from €79,022 to €92,525
- Depreciation +€7,018
up €7,018 (+2.5%), from €276,880 to €283,898
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.
Result 2024
-€62,491
Gross operating margin
+€88,015
Depreciation
-€7,018
Provisions
-€500
Other operating charges
-€16,546
Financial income
-€24
Financial charges
-€13,503
Result 2025
-€12,067
raises the resultlowers the result
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.
From operations
+€315,346
Investment
-€21,468
Financing
-€303,401
Cash 2024
€13,036
From operations (derived)
+€315,346
Net result for the year
-€12,067
Depreciation
+€283,898
Receivables within one year
-€11,546
Smaller working-capital items
-€176
Trade debts
+€22,583
Other debts
+€32,654
Investment (derived)
-€21,468
Investment in fixed assets (net)
-€21,468
Financing
-€303,401
Debts after one year
-€310,173
Current portion of long-term debt
+€6,772
Cash 2025
€3,513
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,587,209 | €5,326,854 | -€260,355 | -4.7% |
| Fixed assets | 21/28 | €5,526,406 | €5,263,975 | -€262,430 | -4.7% |
| Tangible fixed assets | 22/27 | €5,524,916 | €5,260,963 | -€263,953 | -4.8% |
| Land and buildings | 22 | €5,177,271 | €4,968,699 | -€208,573 | -4.0% |
| Plant, machinery and equipment | 23 | €347,644 | €292,265 | -€55,380 | -15.9% |
| Financial fixed assets | 28 | €1,490 | €3,012 | +€1,522 | +102% |
| Current assets | 29/58 | €60,803 | €62,878 | +€2,075 | +3.4% |
| Amounts receivable within one year | 40/41 | €39,522 | €51,068 | +€11,546 | +29.2% |
| Trade receivables | 40 | €39,522 | €51,068 | +€11,546 | +29.2% |
| Cash at bank and in hand | 54/58 | €13,036 | €3,513 | -€9,523 | -73.1% |
| Deferred charges and accrued income | 490/1 | €8,245 | €8,297 | +€52 | +0.6% |
| Total equity and liabilities | 10/49 | €5,587,209 | €5,326,854 | -€260,355 | -4.7% |
| Equity | 10/15 | €15,623 | €3,556 | -€12,067 | -77.2% |
| Contributions | 10/11 | €221,608 | €221,608 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,985 | -€218,052 | -€12,067 | -5.9% |
| Provisions and deferred taxes | 16 | €1,532 | €1,351 | -€181 | -11.8% |
| Provisions for liabilities and charges | 160/5 | €1,532 | €1,351 | -€181 | -11.8% |
| Environmental obligations | 163 | €1,532 | €1,351 | -€181 | -11.8% |
| Amounts payable | 17/49 | €5,570,054 | €5,321,947 | -€248,107 | -4.5% |
| Amounts payable after more than one year | 17 | €3,588,437 | €3,278,264 | -€310,173 | -8.6% |
| Financial debts | 170/4 | €3,586,737 | €3,276,514 | -€310,223 | -8.6% |
| Other amounts payable | 178/9 | €1,700 | €1,750 | +€50 | +2.9% |
| Amounts payable within one year | 42/48 | €1,980,573 | €2,042,581 | +€62,009 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €303,451 | €310,223 | +€6,772 | +2.2% |
| Trade debts | 44 | €75,604 | €98,188 | +€22,583 | +29.9% |
| Suppliers | 440/4 | €75,604 | €98,188 | +€22,583 | +29.9% |
| Other amounts payable | 47/48 | €1,601,517 | €1,634,171 | +€32,654 | +2.0% |
| Accrued charges and deferred income | 492/3 | €1,045 | €1,102 | +€57 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €276,880 | €283,898 | +€7,018 | +2.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€681 | -€181 | +€500 | +73.4% |
| Other operating charges | 640/8 | €68,915 | €85,461 | +€16,546 | +24.0% |
| Gross operating margin | 9900 | €361,612 | €449,627 | +€88,015 | +24.3% |
| Operating profit (loss) | 9901 | €16,497 | €80,449 | +€63,952 | +388% |
| Financial income | 75/76B | €34 | €10 | -€24 | -71.7% |
| Recurring financial income | 75 | €34 | €10 | -€24 | -71.7% |
| Financial charges | 65/66B | €79,022 | €92,525 | +€13,503 | +17.1% |
| Recurring financial charges | 65 | €79,022 | €92,525 | +€13,503 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | -€62,491 | -€12,067 | +€50,424 | +80.7% |
| Profit (loss) for the period | 9904 | -€62,491 | -€12,067 | +€50,424 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,491 | -€12,067 | +€50,424 | +80.7% |
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 16 October 2026 via checked.be.