NOVOSTOL: 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.
NOVOSTOL
Largest movements
- Receivables within one year -€67,115
down €67,115 (-93.7%), from €71,642 to €4,526
of which Other amounts receivable: -€43,200
- Tangible fixed assets -€43,901
down €43,901 (-16.7%), from €263,041 to €219,140
of which Plant, machinery and equipment: -€22,426
- Stocks and contracts +€18,836
up €18,836 (+6.4%), from €294,518 to €313,355
- Cash +€9,585
up €9,585 (+16.7%), from €57,475 to €67,060
mainly Depreciation (+€68,216) and Receivables within one year (+€67,115)
- Profit (loss) carried forward -€39,915
down €39,915 (-95.0%), from -€42,007 to -€81,922
- Trade debts -€23,986
down €23,986 (-75.5%), from €31,758 to €7,772
- Other debts -€13,528
down €13,528 (-2.3%), from €592,799 to €579,271
- Gross operating margin +€15,300
up €15,300 (+24.4%), from €62,784 to €78,084
- Other operating charges -€3,120
down €3,120 (-28.5%), from €10,951 to €7,830
- Financial income +€2,897
new in 2025: €2,897
- Financial charges +€2,193
up €2,193 (+2280.7%), from €96 to €2,290
- Depreciation +€1,174
up €1,174 (+1.8%), from €67,042 to €68,216
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 | €686,783 | €604,189 | -€82,594 | -12.0% |
| Fixed assets | 21/28 | €263,041 | €219,140 | -€43,901 | -16.7% |
| Tangible fixed assets | 22/27 | €263,041 | €219,140 | -€43,901 | -16.7% |
| Land and buildings | 22 | €205,934 | €184,407 | -€21,527 | -10.5% |
| Plant, machinery and equipment | 23 | €55,506 | €33,080 | -€22,426 | -40.4% |
| Furniture and vehicles | 24 | €1,601 | €1,654 | +€53 | +3.3% |
| Current assets | 29/58 | €423,743 | €385,049 | -€38,693 | -9.1% |
| Stocks and contracts in progress | 3 | €294,518 | €313,355 | +€18,836 | +6.4% |
| Stocks | 30/36 | €294,518 | €313,355 | +€18,836 | +6.4% |
| Amounts receivable within one year | 40/41 | €71,642 | €4,526 | -€67,115 | -93.7% |
| Trade receivables | 40 | €24,660 | €745 | -€23,915 | -97.0% |
| Other amounts receivable | 41 | €46,982 | €3,781 | -€43,200 | -92.0% |
| Cash at bank and in hand | 54/58 | €57,475 | €67,060 | +€9,585 | +16.7% |
| Deferred charges and accrued income | 490/1 | €108 | €109 | +€1 | +0.9% |
| Total equity and liabilities | 10/49 | €686,783 | €604,189 | -€82,594 | -12.0% |
| Equity | 10/15 | €51,083 | €11,167 | -€39,915 | -78.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €68,090 | €68,090 | = | 0.0% |
| Distributable reserves | 133 | €68,090 | €68,090 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,007 | -€81,922 | -€39,915 | -95.0% |
| Amounts payable | 17/49 | €635,701 | €593,022 | -€42,679 | -6.7% |
| Amounts payable within one year | 42/48 | €635,701 | €593,022 | -€42,679 | -6.7% |
| Trade debts | 44 | €31,758 | €7,772 | -€23,986 | -75.5% |
| Suppliers | 440/4 | €31,758 | €7,772 | -€23,986 | -75.5% |
| Taxes, remuneration and social security | 45 | €11,144 | €5,979 | -€5,165 | -46.3% |
| Taxes | 450/3 | €1,040 | €744 | -€295 | -28.4% |
| Remuneration and social security | 454/9 | €10,104 | €5,235 | -€4,870 | -48.2% |
| Other amounts payable | 47/48 | €592,799 | €579,271 | -€13,528 | -2.3% |
| Non-recurring operating income | 76A | €1,931 | €0 | -€1,931 | -100.0% |
| Remuneration, social security and pensions | 62 | €41,047 | €42,184 | +€1,137 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,042 | €68,216 | +€1,174 | +1.8% |
| Other operating charges | 640/8 | €10,951 | €7,830 | -€3,120 | -28.5% |
| Non-recurring operating charges | 66A | €633 | €0 | -€633 | -100.0% |
| Gross operating margin | 9900 | €62,784 | €78,084 | +€15,300 | +24.4% |
| Operating profit (loss) | 9901 | -€56,887 | -€40,146 | +€16,741 | +29.4% |
| Financial income | 75/76B | - | €2,897 | +€2,897 | |
| Recurring financial income | 75 | - | €2,897 | +€2,897 | |
| Financial charges | 65/66B | €96 | €2,290 | +€2,193 | +2280.7% |
| Recurring financial charges | 65 | €96 | €2,290 | +€2,193 | +2280.7% |
| Profit (loss) for the period before taxes | 9903 | -€56,984 | -€39,539 | +€17,445 | +30.6% |
| Income taxes | 67/77 | €368 | €377 | +€9 | +2.4% |
| Profit (loss) for the period | 9904 | -€57,351 | -€39,915 | +€17,436 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,351 | -€39,915 | +€17,436 | +30.4% |
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 11 October 2026 via checked.be.