NOVITAS: 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.
NOVITAS
Largest movements
- Cash -€1.3m
down €1.3m (-91.7%), from €1.4m to €113,804
mainly Current investments (-€1.0m) and Contributions, distributions and other (-€415,166)
- Current investments +€1.0m
new in 2025: €1.0m
- Receivables within one year -€65,326
down €65,326 (-77.2%), from €84,597 to €19,271
- Reserves -€354,758
down €354,758 (-16.4%), from €2.2m to €1.8m
- Gross operating margin -€257,780
down €257,780 (-78.8%), from €327,335 to €69,555
- Taxes -€80,246
down €80,246 (-77.9%), from €103,033 to €22,787
- Financial charges -€8,783
down €8,783 (-87.9%), from €9,996 to €1,213
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 | €2,205,773 | €1,876,734 | -€329,039 | -14.9% |
| Fixed assets | 21/28 | €660,607 | €646,693 | -€13,914 | -2.1% |
| Tangible fixed assets | 22/27 | €22,762 | €8,848 | -€13,914 | -61.1% |
| Plant, machinery and equipment | 23 | €3,935 | €1,872 | -€2,063 | -52.4% |
| Furniture and vehicles | 24 | €18,828 | €6,976 | -€11,852 | -62.9% |
| Financial fixed assets | 28 | €637,845 | €637,845 | = | 0.0% |
| Current assets | 29/58 | €1,545,166 | €1,230,041 | -€315,124 | -20.4% |
| Amounts receivable after more than one year | 29 | €81,650 | €71,650 | -€10,000 | -12.2% |
| Other amounts receivable | 291 | €81,650 | €71,650 | -€10,000 | -12.2% |
| Amounts receivable within one year | 40/41 | €84,597 | €19,271 | -€65,326 | -77.2% |
| Other amounts receivable | 41 | €84,597 | €19,271 | -€65,326 | -77.2% |
| Current investments | 50/53 | - | €1,023,205 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €1,375,265 | €113,804 | -€1.3m | -91.7% |
| Deferred charges and accrued income | 490/1 | €3,654 | €2,111 | -€1,542 | -42.2% |
| Total equity and liabilities | 10/49 | €2,205,773 | €1,876,734 | -€329,039 | -14.9% |
| Equity | 10/15 | €2,185,653 | €1,830,895 | -€354,758 | -16.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,165,653 | €1,810,895 | -€354,758 | -16.4% |
| Distributable reserves | 133 | €2,165,653 | €1,810,895 | -€354,758 | -16.4% |
| Amounts payable | 17/49 | €20,120 | €45,839 | +€25,720 | +127.8% |
| Amounts payable within one year | 42/48 | €20,120 | €45,839 | +€25,720 | +127.8% |
| Current portion of amounts payable after more than one year | 42 | - | €20,523 | +€20,523 | |
| Trade debts | 44 | €5,512 | €5,239 | -€274 | -5.0% |
| Suppliers | 440/4 | €5,512 | €5,239 | -€274 | -5.0% |
| Taxes, remuneration and social security | 45 | €14,607 | €1,147 | -€13,460 | -92.1% |
| Taxes | 450/3 | €14,607 | €1,147 | -€13,460 | -92.1% |
| Other amounts payable | 47/48 | - | €18,930 | +€18,930 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,578 | €13,914 | +€1,337 | +10.6% |
| Other operating charges | 640/8 | €1,716 | €1,710 | -€6 | -0.4% |
| Gross operating margin | 9900 | €327,335 | €69,555 | -€257,780 | -78.8% |
| Operating profit (loss) | 9901 | €313,041 | €53,931 | -€259,111 | -82.8% |
| Financial income | 75/76B | €29,524 | €30,477 | +€953 | +3.2% |
| Recurring financial income | 75 | €29,524 | €30,477 | +€953 | +3.2% |
| Financial charges | 65/66B | €9,996 | €1,213 | -€8,783 | -87.9% |
| Recurring financial charges | 65 | €9,996 | €1,213 | -€8,783 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €332,569 | €83,194 | -€249,375 | -75.0% |
| Income taxes | 67/77 | €103,033 | €22,787 | -€80,246 | -77.9% |
| Profit (loss) for the period | 9904 | €229,536 | €60,407 | -€169,129 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €229,536 | €60,407 | -€169,129 | -73.7% |
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 12 October 2026 via checked.be.