NOVITEO: 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.
NOVITEO
Largest movements
- Cash +€17,437
up €17,437 (+32.3%), from €53,976 to €71,413
mainly Net result for the year (+€35,955) and Receivables within one year (+€14,076)
- Receivables within one year -€14,076
down €14,076 (-98.1%), from €14,342 to €266
of which Trade receivables: -€13,913
- Debts after one year -€33,230
down €33,230 (-17.1%), from €194,008 to €160,778
- Profit (loss) carried forward +€27,451
up €27,451 (+322.8%), from €8,504 to €35,955
- Trade debts +€5,376
up €5,376 (+488.7%), from €1,100 to €6,476
- Gross operating margin -€35,136
down €35,136 (-30.3%), from €115,911 to €80,775
- Depreciation +€7,752
up €7,752 (+151.4%), from €5,119 to €12,871
- Taxes +€5,280
up €5,280 (+25.7%), from €20,577 to €25,857
- Other operating charges +€1,493
up €1,493 (+385.8%), from €387 to €1,880
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 | €428,722 | €429,190 | +€468 | +0.1% |
| Fixed assets | 21/28 | €360,042 | €357,124 | -€2,918 | -0.8% |
| Tangible fixed assets | 22/27 | €360,042 | €357,124 | -€2,918 | -0.8% |
| Land and buildings | 22 | €84,875 | €84,875 | = | 0.0% |
| Plant, machinery and equipment | 23 | €12,095 | €19,807 | +€7,712 | +63.8% |
| Furniture and vehicles | 24 | €10,120 | €7,172 | -€2,948 | -29.1% |
| Assets under construction and advance payments | 27 | €252,952 | €245,270 | -€7,682 | -3.0% |
| Current assets | 29/58 | €68,680 | €72,066 | +€3,386 | +4.9% |
| Amounts receivable within one year | 40/41 | €14,342 | €266 | -€14,076 | -98.1% |
| Trade receivables | 40 | €13,913 | - | -€13,913 | |
| Other amounts receivable | 41 | €429 | €266 | -€163 | -38.0% |
| Cash at bank and in hand | 54/58 | €53,976 | €71,413 | +€17,437 | +32.3% |
| Deferred charges and accrued income | 490/1 | €362 | €387 | +€25 | +6.9% |
| Total equity and liabilities | 10/49 | €428,722 | €429,190 | +€468 | +0.1% |
| Equity | 10/15 | €200,896 | €228,347 | +€27,451 | +13.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €190,392 | €190,392 | = | 0.0% |
| Distributable reserves | 133 | €190,392 | €190,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,504 | €35,955 | +€27,451 | +322.8% |
| Amounts payable | 17/49 | €227,826 | €200,843 | -€26,983 | -11.8% |
| Amounts payable after more than one year | 17 | €194,008 | €160,778 | -€33,230 | -17.1% |
| Financial debts | 170/4 | €194,008 | €160,778 | -€33,230 | -17.1% |
| Amounts payable within one year | 42/48 | €33,818 | €40,065 | +€6,247 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €32,595 | €33,230 | +€635 | +1.9% |
| Trade debts | 44 | €1,100 | €6,476 | +€5,376 | +488.7% |
| Suppliers | 440/4 | €1,100 | €6,476 | +€5,376 | +488.7% |
| Taxes, remuneration and social security | 45 | - | €350 | +€350 | |
| Taxes | 450/3 | - | €350 | +€350 | |
| Other amounts payable | 47/48 | €123 | €9 | -€114 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,119 | €12,871 | +€7,752 | +151.4% |
| Other operating charges | 640/8 | €387 | €1,880 | +€1,493 | +385.8% |
| Gross operating margin | 9900 | €115,911 | €80,775 | -€35,136 | -30.3% |
| Operating profit (loss) | 9901 | €110,405 | €66,024 | -€44,381 | -40.2% |
| Financial charges | 65/66B | €4,712 | €4,212 | -€500 | -10.6% |
| Recurring financial charges | 65 | €4,712 | €4,212 | -€500 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €105,693 | €61,812 | -€43,881 | -41.5% |
| Income taxes | 67/77 | €20,577 | €25,857 | +€5,280 | +25.7% |
| Profit (loss) for the period | 9904 | €85,116 | €35,955 | -€49,161 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,116 | €35,955 | -€49,161 | -57.8% |
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.