NOVISE: 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.
NOVISE
Largest movements
- Receivables within one year +€185,712
up €185,712 (+134%), from €139,035 to €324,747
of which Other amounts receivable: +€183,173
- Tangible fixed assets +€19,569
up €19,569 (+63.7%), from €30,718 to €50,287
of which Plant, machinery and equipment: +€13,051
- Reserves +€96,892
up €96,892 (+115%), from €84,310 to €181,202
- Trade debts +€53,861
up €53,861 (+111%), from €48,319 to €102,180
- Tax, wage and social debts +€41,513
up €41,513 (+146%), from €28,450 to €69,963
of which Taxes: +€40,039
- Current portion of long-term debt +€15,471
up €15,471 (+336%), from €4,606 to €20,077
- Gross operating margin +€65,887
up €65,887 (+44.6%), from €147,687 to €213,574
- Financial charges +€38,452
up €38,452 (+8,844%), from €435 to €38,887
of which Financial charges: +€24,263
- Staff costs +€8,644
new in 2025: €8,644
- Depreciation +€7,677
up €7,677 (+849%), from €905 to €8,582
- Financial income +€6,077
up €6,077 (+89.7%), from €6,773 to €12,850
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 | €190,331 | €394,571 | +€204,240 | +107% |
| Fixed assets | 21/28 | €30,718 | €50,287 | +€19,569 | +63.7% |
| Tangible fixed assets | 22/27 | €30,718 | €50,287 | +€19,569 | +63.7% |
| Plant, machinery and equipment | 23 | €9,203 | €22,255 | +€13,051 | +142% |
| Furniture and vehicles | 24 | €19,695 | €18,612 | -€1,083 | -5.5% |
| Other tangible fixed assets | 26 | €1,819 | €9,420 | +€7,601 | +418% |
| Current assets | 29/58 | €159,613 | €344,283 | +€184,670 | +116% |
| Stocks and contracts in progress | 3 | €1,585 | €1,505 | -€80 | -5.0% |
| Stocks | 30/36 | €1,585 | €1,505 | -€80 | -5.0% |
| Amounts receivable within one year | 40/41 | €139,035 | €324,747 | +€185,712 | +134% |
| Trade receivables | 40 | €2,848 | €5,387 | +€2,539 | +89.2% |
| Other amounts receivable | 41 | €136,188 | €319,360 | +€183,173 | +134% |
| Cash at bank and in hand | 54/58 | €18,992 | €18,031 | -€961 | -5.1% |
| Total equity and liabilities | 10/49 | €190,331 | €394,571 | +€204,240 | +107% |
| Equity | 10/15 | €89,310 | €186,202 | +€96,892 | +108% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €84,310 | €181,202 | +€96,892 | +115% |
| Distributable reserves | 133 | €84,310 | €181,202 | +€96,892 | +115% |
| Amounts payable | 17/49 | €101,021 | €208,369 | +€107,348 | +106% |
| Amounts payable after more than one year | 17 | €19,646 | €16,135 | -€3,510 | -17.9% |
| Financial debts | 170/4 | €19,646 | €16,135 | -€3,510 | -17.9% |
| Amounts payable within one year | 42/48 | €81,376 | €192,233 | +€110,858 | +136% |
| Current portion of amounts payable after more than one year | 42 | €4,606 | €20,077 | +€15,471 | +336% |
| Financial debts | 43 | - | €13 | +€13 | |
| Credit institutions | 430/8 | - | €13 | +€13 | |
| Trade debts | 44 | €48,319 | €102,180 | +€53,861 | +111% |
| Suppliers | 440/4 | €48,319 | €102,180 | +€53,861 | +111% |
| Taxes, remuneration and social security | 45 | €28,450 | €69,963 | +€41,513 | +146% |
| Taxes | 450/3 | €28,450 | €68,489 | +€40,039 | +141% |
| Remuneration and social security | 454/9 | - | €1,474 | +€1,474 | |
| Remuneration, social security and pensions | 62 | - | €8,644 | +€8,644 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €905 | €8,582 | +€7,677 | +849% |
| Other operating charges | 640/8 | €1,005 | €1,041 | +€36 | +3.6% |
| Gross operating margin | 9900 | €147,687 | €213,574 | +€65,887 | +44.6% |
| Operating profit (loss) | 9901 | €145,777 | €195,308 | +€49,530 | +34.0% |
| Financial income | 75/76B | €6,773 | €12,850 | +€6,077 | +89.7% |
| Recurring financial income | 75 | €6,773 | €12,850 | +€6,077 | +89.7% |
| Financial charges | 65/66B | €435 | €38,887 | +€38,452 | +8,844% |
| Recurring financial charges | 65 | €435 | €24,698 | +€24,263 | +5,580% |
| Non-recurring financial charges | 66B | - | €14,189 | +€14,189 | |
| Profit (loss) for the period before taxes | 9903 | €152,116 | €169,270 | +€17,155 | +11.3% |
| Income taxes | 67/77 | €27,806 | €32,378 | +€4,572 | +16.4% |
| Profit (loss) for the period | 9904 | €124,310 | €136,892 | +€12,583 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €124,310 | €136,892 | +€12,583 | +10.1% |
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 19 October 2026 via checked.be.