NoviNato: 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.
NoviNato
Largest movements
- Intangible fixed assets -€118,306
no longer reported in 2025 (was €118,306)
- Tangible fixed assets +€116,606
up €116,606 (+2,755%), from €4,233 to €120,839
of which Assets under construction and advance payments: +€118,306
- Receivables within one year +€54,169
up €54,169 (+125%), from €43,344 to €97,513
of which Trade receivables: +€55,819
- Stocks and contracts -€45,968
down €45,968 (-32.1%), from €143,229 to €97,260
- Cash -€4,847
down €4,847 (-11.5%), from €42,076 to €37,230
mainly Receivables within one year (-€54,169) and Net result for the year (-€30,153)
- Profit (loss) carried forward -€30,153
down €30,153 (-5.0%), from -€601,556 to -€631,710
- Trade debts +€27,633
up €27,633 (+37.3%), from €74,157 to €101,790
- Other debts +€4,931
up €4,931 (+3.6%), from €138,177 to €143,107
- Gross operating margin +€75,335
up €75,335 (+76.9%), from -€97,935 to -€22,601
- Other operating charges -€2,167
down €2,167 (-84.5%), from €2,564 to €397
- Financial charges -€1,264
down €1,264 (-18.1%), from €6,980 to €5,716
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 | €351,488 | €353,898 | +€2,410 | +0.7% |
| Fixed assets | 21/28 | €122,838 | €121,139 | -€1,700 | -1.4% |
| Intangible fixed assets | 21 | €118,306 | - | -€118,306 | |
| Tangible fixed assets | 22/27 | €4,233 | €120,839 | +€116,606 | +2,755% |
| Furniture and vehicles | 24 | €4,233 | €2,533 | -€1,700 | -40.2% |
| Assets under construction and advance payments | 27 | - | €118,306 | +€118,306 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €228,649 | €232,759 | +€4,110 | +1.8% |
| Stocks and contracts in progress | 3 | €143,229 | €97,260 | -€45,968 | -32.1% |
| Stocks | 30/36 | €143,229 | €97,260 | -€45,968 | -32.1% |
| Amounts receivable within one year | 40/41 | €43,344 | €97,513 | +€54,169 | +125% |
| Trade receivables | 40 | €38,295 | €94,113 | +€55,819 | +146% |
| Other amounts receivable | 41 | €5,049 | €3,400 | -€1,650 | -32.7% |
| Cash at bank and in hand | 54/58 | €42,076 | €37,230 | -€4,847 | -11.5% |
| Deferred charges and accrued income | 490/1 | - | €756 | +€756 | |
| Total equity and liabilities | 10/49 | €351,488 | €353,898 | +€2,410 | +0.7% |
| Equity | 10/15 | €138,444 | €108,290 | -€30,153 | -21.8% |
| Contributions | 10/11 | €740,000 | €740,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€601,556 | -€631,710 | -€30,153 | -5.0% |
| Amounts payable | 17/49 | €213,044 | €245,607 | +€32,563 | +15.3% |
| Amounts payable within one year | 42/48 | €213,044 | €245,607 | +€32,563 | +15.3% |
| Trade debts | 44 | €74,157 | €101,790 | +€27,633 | +37.3% |
| Suppliers | 440/4 | €74,157 | €101,790 | +€27,633 | +37.3% |
| Taxes, remuneration and social security | 45 | €710 | €710 | = | 0.0% |
| Taxes | 450/3 | €710 | €710 | = | 0.0% |
| Other amounts payable | 47/48 | €138,177 | €143,107 | +€4,931 | +3.6% |
| Non-recurring operating income | 76A | - | €1,236 | +€1,236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,704 | €1,700 | -€5 | -0.3% |
| Other operating charges | 640/8 | €2,564 | €397 | -€2,167 | -84.5% |
| Gross operating margin | 9900 | -€97,935 | -€22,601 | +€75,335 | +76.9% |
| Operating profit (loss) | 9901 | -€102,204 | -€24,697 | +€77,507 | +75.8% |
| Financial income | 75/76B | €574 | €260 | -€314 | -54.7% |
| Recurring financial income | 75 | €574 | €260 | -€314 | -54.7% |
| Financial charges | 65/66B | €6,980 | €5,716 | -€1,264 | -18.1% |
| Recurring financial charges | 65 | €6,980 | €5,716 | -€1,264 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€108,610 | -€30,153 | +€78,457 | +72.2% |
| Profit (loss) for the period | 9904 | -€108,610 | -€30,153 | +€78,457 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,610 | -€30,153 | +€78,457 | +72.2% |
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 24 October 2026 via checked.be.