NOVITECH: 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.
NOVITECH
Largest movements
- Tangible fixed assets +€548,300
new in 2025: €548,300
of which Land and buildings: +€516,074
- Cash +€171,458
up €171,458 (+459.9%), from €37,282 to €208,741
mainly Debts after one year (+€486,600) and Trade debts (+€104,848)
- Debts after one year +€486,600
new in 2025: €486,600
- Trade debts +€104,848
up €104,848 (+688.6%), from €15,227 to €120,074
- Reserves +€100,192
up €100,192 (+92.1%), from €108,834 to €209,025
- Current portion of long-term debt +€31,758
new in 2025: €31,758
- Gross operating margin +€101,160
up €101,160 (+137.0%), from €73,831 to €174,991
- Depreciation +€30,891
new in 2025: €30,891
- Financial charges +€16,872
up €16,872 (+13477.5%), from €125 to €16,998
- Taxes +€2,885
up €2,885 (+12.3%), from €23,467 to €26,351
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 | €152,608 | €878,890 | +€726,282 | +475.9% |
| Fixed assets | 21/28 | - | €548,300 | +€548,300 | |
| Tangible fixed assets | 22/27 | - | €548,300 | +€548,300 | |
| Land and buildings | 22 | - | €516,074 | +€516,074 | |
| Plant, machinery and equipment | 23 | - | €4,052 | +€4,052 | |
| Furniture and vehicles | 24 | - | €28,175 | +€28,175 | |
| Current assets | 29/58 | €152,608 | €330,590 | +€177,982 | +116.6% |
| Stocks and contracts in progress | 3 | €12,045 | €16,350 | +€4,306 | +35.7% |
| Stocks | 30/36 | €12,045 | €16,350 | +€4,306 | +35.7% |
| Amounts receivable within one year | 40/41 | €102,444 | €103,190 | +€746 | +0.7% |
| Trade receivables | 40 | €92,382 | €64,488 | -€27,894 | -30.2% |
| Other amounts receivable | 41 | €10,063 | €38,702 | +€28,640 | +284.6% |
| Cash at bank and in hand | 54/58 | €37,282 | €208,741 | +€171,458 | +459.9% |
| Deferred charges and accrued income | 490/1 | €837 | €2,309 | +€1,472 | +176.0% |
| Total equity and liabilities | 10/49 | €152,608 | €878,890 | +€726,282 | +475.9% |
| Equity | 10/15 | €113,834 | €214,025 | +€100,192 | +88.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €108,834 | €209,025 | +€100,192 | +92.1% |
| Distributable reserves | 133 | €108,834 | €209,025 | +€100,192 | +92.1% |
| Amounts payable | 17/49 | €38,774 | €664,865 | +€626,090 | +1614.7% |
| Amounts payable after more than one year | 17 | - | €486,600 | +€486,600 | |
| Financial debts | 170/4 | - | €486,600 | +€486,600 | |
| Amounts payable within one year | 42/48 | €38,774 | €178,265 | +€139,490 | +359.8% |
| Current portion of amounts payable after more than one year | 42 | - | €31,758 | +€31,758 | |
| Trade debts | 44 | €15,227 | €120,074 | +€104,848 | +688.6% |
| Suppliers | 440/4 | €15,227 | €120,074 | +€104,848 | +688.6% |
| Taxes, remuneration and social security | 45 | €23,547 | €26,432 | +€2,884 | +12.2% |
| Taxes | 450/3 | €23,547 | €26,432 | +€2,884 | +12.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €30,891 | +€30,891 | |
| Other operating charges | 640/8 | €1,005 | €603 | -€402 | -40.0% |
| Gross operating margin | 9900 | €73,831 | €174,991 | +€101,160 | +137.0% |
| Operating profit (loss) | 9901 | €72,826 | €143,498 | +€70,671 | +97.0% |
| Financial income | 75/76B | €219 | €43 | -€176 | -80.4% |
| Recurring financial income | 75 | €219 | €43 | -€176 | -80.4% |
| Financial charges | 65/66B | €125 | €16,998 | +€16,872 | +13477.5% |
| Recurring financial charges | 65 | €125 | €16,998 | +€16,872 | +13477.5% |
| Profit (loss) for the period before taxes | 9903 | €72,920 | €126,543 | +€53,623 | +73.5% |
| Income taxes | 67/77 | €23,467 | €26,351 | +€2,885 | +12.3% |
| Profit (loss) for the period | 9904 | €49,453 | €100,192 | +€50,738 | +102.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,453 | €100,192 | +€50,738 | +102.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.