NOVOTEC: what changed
Two fiscal 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.
What changed
NOVOTEC
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€62,496
2024 · €86,806-€24,311
Equity
€1.0m
2024 · €1.1m-€47,518
Cash
€182,066
2024 · €147,144+€34,922
Balance sheet total
€2.3m
2024 · €2.7m-€378,235
Largest movements
Assets
- Receivables within one year -€620,987
down €620,987 (-39.6%), from €1.6m to €947,974
of which Trade receivables: -€619,123
- Stocks and contracts +€263,837
up €263,837 (+49.0%), from €538,538 to €802,375
- Tangible fixed assets -€93,884
down €93,884 (-25.9%), from €362,269 to €268,384
of which Other tangible fixed assets: -€60,875
- Cash +€34,922
up €34,922 (+23.7%), from €147,144 to €182,066
mainly Receivables within one year (+€620,987) and Depreciation (+€119,491)
Equity and liabilities
- Trade debts -€303,010
down €303,010 (-38.9%), from €778,155 to €475,145
- Advances received -€162,634
down €162,634 (-100.0%), from €162,634 to €0
- Other debts +€79,796
up €79,796 (+553.9%), from €14,406 to €94,202
- Short-term financial debts +€73,589
up €73,589 (+28.1%), from €262,348 to €335,938
- Debts after one year -€67,469
down €67,469 (-57.1%), from €118,113 to €50,645
Income statement
- Staff costs +€105,405
up €105,405 (+13.0%), from €809,370 to €914,775
- Gross operating margin +€92,312
up €92,312 (+8.5%), from €1.1m to €1.2m
- Depreciation +€15,359
up €15,359 (+14.7%), from €104,132 to €119,491
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.
Result 2024
€86,806
Gross operating margin
+€92,312
Staff costs
-€105,405
Depreciation
-€15,359
Other operating charges
+€6,788
Financial income
-€5,497
Financial charges
-€7,635
Taxes
+€10,190
Deferred taxes and other
+€295
Result 2025
€62,496
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.
From operations
+€167,957
Investment
-€52,711
Financing
-€80,323
Cash 2024
€147,144
From operations (derived)
+€167,957
Net result for the year
+€62,496
Depreciation
+€119,491
Stocks and contracts
-€263,837
Receivables within one year
+€620,987
Deferred charges and accrued income
-€10,773
Provisions
+€17,187
Trade debts
-€303,010
Tax, wage and social debts
+€17,073
Advances received
-€162,634
Other debts
+€79,796
Accrued charges and deferred income
-€8,819
Investment (derived)
-€52,711
Investment in fixed assets (net)
-€39,211
Current investments
-€13,500
Financing
-€80,323
Debts after one year
-€67,469
Current portion of long-term debt
+€23,570
Short-term financial debts
+€73,589
Contributions, distributions and other
-€110,014
Cash 2025
€182,066
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,696,228 | €2,317,993 | -€378,235 | -14.0% |
| Fixed assets | 21/28 | €408,919 | €328,639 | -€80,280 | -19.6% |
| Intangible fixed assets | 21 | €46,595 | €60,119 | +€13,524 | +29.0% |
| Tangible fixed assets | 22/27 | €362,269 | €268,384 | -€93,884 | -25.9% |
| Plant, machinery and equipment | 23 | €54,096 | €44,441 | -€9,655 | -17.8% |
| Furniture and vehicles | 24 | €62,374 | €39,020 | -€23,354 | -37.4% |
| Other tangible fixed assets | 26 | €245,798 | €184,923 | -€60,875 | -24.8% |
| Financial fixed assets | 28 | €55 | €135 | +€80 | +145.5% |
| Current assets | 29/58 | €2,287,309 | €1,989,354 | -€297,955 | -13.0% |
| Stocks and contracts in progress | 3 | €538,538 | €802,375 | +€263,837 | +49.0% |
| Stocks | 30/36 | €538,538 | €802,375 | +€263,837 | +49.0% |
| Amounts receivable within one year | 40/41 | €1,568,962 | €947,974 | -€620,987 | -39.6% |
| Trade receivables | 40 | €1,522,849 | €903,726 | -€619,123 | -40.7% |
| Other amounts receivable | 41 | €46,113 | €44,248 | -€1,864 | -4.0% |
| Current investments | 50/53 | - | €13,500 | +€13,500 | |
| Cash at bank and in hand | 54/58 | €147,144 | €182,066 | +€34,922 | +23.7% |
| Deferred charges and accrued income | 490/1 | €32,665 | €43,438 | +€10,773 | +33.0% |
| Total equity and liabilities | 10/49 | €2,696,228 | €2,317,993 | -€378,235 | -14.0% |
| Equity | 10/15 | €1,088,341 | €1,040,822 | -€47,518 | -4.4% |
| Contributions | 10/11 | €96,300 | €96,300 | = | 0.0% |
| Reserves | 13 | €710,532 | €681,852 | -€28,680 | -4.0% |
| Tax-exempt reserves | 132 | €127 | €127 | = | 0.0% |
| Distributable reserves | 133 | €710,405 | €681,725 | -€28,680 | -4.0% |
| Profit (loss) carried forward | 14 | €263 | €264 | +€1 | +0.2% |
| Investment grants | 15 | €281,246 | €262,407 | -€18,839 | -6.7% |
| Provisions and deferred taxes | 16 | €70,282 | €87,469 | +€17,187 | +24.5% |
| Deferred taxes | 168 | €70,282 | €87,469 | +€17,187 | +24.5% |
| Amounts payable | 17/49 | €1,537,605 | €1,189,702 | -€347,903 | -22.6% |
| Amounts payable after more than one year | 17 | €118,113 | €50,645 | -€67,469 | -57.1% |
| Financial debts | 170/4 | €118,113 | €50,645 | -€67,469 | -57.1% |
| Amounts payable within one year | 42/48 | €1,402,285 | €1,130,669 | -€271,616 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €65,733 | €89,303 | +€23,570 | +35.9% |
| Financial debts | 43 | €262,348 | €335,938 | +€73,589 | +28.1% |
| Credit institutions | 430/8 | €262,348 | €335,938 | +€73,589 | +28.1% |
| Trade debts | 44 | €778,155 | €475,145 | -€303,010 | -38.9% |
| Suppliers | 440/4 | €778,155 | €475,145 | -€303,010 | -38.9% |
| Advances received on contracts in progress | 46 | €162,634 | €0 | -€162,634 | -100.0% |
| Taxes, remuneration and social security | 45 | €119,009 | €136,081 | +€17,073 | +14.3% |
| Taxes | 450/3 | €23,900 | €31,667 | +€7,767 | +32.5% |
| Remuneration and social security | 454/9 | €95,109 | €104,414 | +€9,305 | +9.8% |
| Other amounts payable | 47/48 | €14,406 | €94,202 | +€79,796 | +553.9% |
| Accrued charges and deferred income | 492/3 | €17,206 | €8,388 | -€8,819 | -51.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €809,370 | €914,775 | +€105,405 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,132 | €119,491 | +€15,359 | +14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €15,512 | €8,725 | -€6,788 | -43.8% |
| Gross operating margin | 9900 | €1,081,266 | €1,173,578 | +€92,312 | +8.5% |
| Operating profit (loss) | 9901 | €152,251 | €130,587 | -€21,664 | -14.2% |
| Financial income | 75/76B | €6,737 | €1,241 | -€5,497 | -81.6% |
| Recurring financial income | 75 | €6,737 | €1,241 | -€5,497 | -81.6% |
| Financial charges | 65/66B | €32,673 | €40,308 | +€7,635 | +23.4% |
| Recurring financial charges | 65 | €32,673 | €40,308 | +€7,635 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €126,316 | €91,520 | -€34,796 | -27.5% |
| Transfer from deferred taxes | 780 | €118 | €413 | +€295 | +249.5% |
| Income taxes | 67/77 | €39,628 | €29,438 | -€10,190 | -25.7% |
| Profit (loss) for the period | 9904 | €86,806 | €62,496 | -€24,311 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,806 | €62,496 | -€24,311 | -28.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.