NOVOFERM BELGIUM: what changed
What changed
NOVOFERM BELGIUM
NACE 46.831, Wholesale of construction materials, general range
filed annual accounts (NBB)
Net result for the year
-€123,772
2024 · €6,763-€130,535
Equity
€6.0m
2024 · €6.1m-€123,772
Cash
€3.6m
2024 · €4.0m-€342,591
Balance sheet total
€6.2m
2024 · €6.4m-€156,405
Largest movements
Assets
- Cash -€342,591
down €342,591 (-8.6%), from €4.0m to €3.6m
mainly Receivables within one year (-€191,820) and Net result for the year (-€123,772)
- Receivables within one year +€191,820
up €191,820 (+9.5%), from €2.0m to €2.2m
of which Trade receivables: +€106,260
Equity and liabilities
- Profit (loss) carried forward -€123,772
down €123,772 (-51.6%), from -€239,953 to -€363,725
- Trade debts -€64,907
down €64,907 (-32.6%), from €199,200 to €134,293
Income statement
- Gross operating margin -€132,570
down €132,570 (-21.8%), from €609,256 to €476,686
- Financial income +€128,595
up €128,595 (+1,332%), from €9,653 to €138,248
- Depreciation +€101,864
new in 2025: €101,864
- Taxes +€22,882
up €22,882, from -€18,395 to €4,487
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,763
Gross operating margin
-€132,570
Staff costs
+€5,959
Depreciation
-€101,864
Write-downs
-€1,529
Other operating charges
-€2,942
Financial income
+€128,595
Financial charges
-€3,302
Taxes
-€22,882
Result 2025
-€123,772
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€260,340
Investment
-€82,251
Financing
€0
Cash 2024
€4.0m
From operations (derived)
-€260,340
Net result for the year
-€123,772
Depreciation
+€101,864
Receivables within one year
-€191,820
Deferred charges and accrued income
-€13,979
Provisions
+€27,740
Trade debts
-€64,907
Tax, wage and social debts
+€4,534
Investment (derived)
-€82,251
Investment in fixed assets (net)
-€82,251
Cash 2025
€3.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,392,569 | €6,236,164 | -€156,405 | -2.4% |
| Fixed assets | 21/28 | €280,667 | €261,054 | -€19,613 | -7.0% |
| Tangible fixed assets | 22/27 | €280,667 | €261,054 | -€19,613 | -7.0% |
| Plant, machinery and equipment | 23 | €85,037 | €61,797 | -€23,240 | -27.3% |
| Furniture and vehicles | 24 | €177,205 | €131,461 | -€45,744 | -25.8% |
| Other tangible fixed assets | 26 | €18,425 | €67,796 | +€49,371 | +268% |
| Current assets | 29/58 | €6,111,902 | €5,975,110 | -€136,792 | -2.2% |
| Amounts receivable within one year | 40/41 | €2,010,670 | €2,202,490 | +€191,820 | +9.5% |
| Trade receivables | 40 | €1,930,670 | €2,036,930 | +€106,260 | +5.5% |
| Other amounts receivable | 41 | €80,000 | €165,560 | +€85,560 | +107% |
| Cash at bank and in hand | 54/58 | €3,968,759 | €3,626,168 | -€342,591 | -8.6% |
| Deferred charges and accrued income | 490/1 | €132,473 | €146,452 | +€13,979 | +10.6% |
| Total equity and liabilities | 10/49 | €6,392,569 | €6,236,164 | -€156,405 | -2.4% |
| Equity | 10/15 | €6,088,247 | €5,964,475 | -€123,772 | -2.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,266,200 | €6,266,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €6,260,000 | €6,260,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€239,953 | -€363,725 | -€123,772 | -51.6% |
| Provisions and deferred taxes | 16 | €28,687 | €56,427 | +€27,740 | +96.7% |
| Provisions for liabilities and charges | 160/5 | €28,687 | €56,427 | +€27,740 | +96.7% |
| Other liabilities and charges | 164/5 | €28,687 | €56,427 | +€27,740 | +96.7% |
| Amounts payable | 17/49 | €275,635 | €215,262 | -€60,373 | -21.9% |
| Amounts payable within one year | 42/48 | €275,635 | €215,262 | -€60,373 | -21.9% |
| Trade debts | 44 | €199,200 | €134,293 | -€64,907 | -32.6% |
| Suppliers | 440/4 | €199,200 | €134,293 | -€64,907 | -32.6% |
| Taxes, remuneration and social security | 45 | €51,435 | €55,969 | +€4,534 | +8.8% |
| Taxes | 450/3 | €51,435 | €55,969 | +€4,534 | +8.8% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €606,341 | €600,382 | -€5,959 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €101,864 | +€101,864 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,529 | +€1,529 | |
| Other operating charges | 640/8 | €7,567 | €10,509 | +€2,942 | +38.9% |
| Gross operating margin | 9900 | €609,256 | €476,686 | -€132,570 | -21.8% |
| Operating profit (loss) | 9901 | -€4,652 | -€237,598 | -€232,946 | -5,007% |
| Financial income | 75/76B | €9,653 | €138,248 | +€128,595 | +1,332% |
| Recurring financial income | 75 | €9,653 | €138,248 | +€128,595 | +1,332% |
| Financial charges | 65/66B | €16,633 | €19,935 | +€3,302 | +19.9% |
| Recurring financial charges | 65 | €16,633 | €19,935 | +€3,302 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,632 | -€119,285 | -€107,653 | -925% |
| Income taxes | 67/77 | -€18,395 | €4,487 | +€22,882 | |
| Profit (loss) for the period | 9904 | €6,763 | -€123,772 | -€130,535 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,763 | -€123,772 | -€130,535 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.