NOVOTEXT: 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.
NOVOTEXT
Largest movements
- Cash -€365,200
down €365,200 (-52.3%), from €697,755 to €332,555
mainly Other debts (-€608,150) and Deferred charges and accrued income (-€73,589)
- Tangible fixed assets -€152,903
down €152,903 (-4.5%), from €3.4m to €3.2m
- Receivables within one year -€95,169
down €95,169 (-6.5%), from €1.5m to €1.4m
- Deferred charges and accrued income +€73,589
up €73,589 (+26.3%), from €280,287 to €353,876
- Other debts -€608,150
down €608,150 (-29.0%), from €2.1m to €1.5m
- Gross operating margin -€427,380
down €427,380 (-72.2%), from €592,006 to €164,625
- Financial income -€225,932
down €225,932 (-63.7%), from €354,548 to €128,616
- Taxes -€124,836
down €124,836 (-83.8%), from €148,918 to €24,082
- Depreciation -€7,240
down €7,240 (-3.5%), from €206,882 to €199,642
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.
Derived cash bridge
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 | €7,041,877 | €6,517,498 | -€524,379 | -7.4% |
| Fixed assets | 21/28 | €3,397,152 | €3,244,249 | -€152,903 | -4.5% |
| Tangible fixed assets | 22/27 | €3,394,652 | €3,241,749 | -€152,903 | -4.5% |
| Land and buildings | 22 | €3,394,652 | €3,241,749 | -€152,903 | -4.5% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €3,644,725 | €3,273,249 | -€371,476 | -10.2% |
| Amounts receivable within one year | 40/41 | €1,463,624 | €1,368,455 | -€95,169 | -6.5% |
| Other amounts receivable | 41 | €1,463,624 | €1,368,455 | -€95,169 | -6.5% |
| Current investments | 50/53 | €1,203,059 | €1,218,364 | +€15,304 | +1.3% |
| Cash at bank and in hand | 54/58 | €697,755 | €332,555 | -€365,200 | -52.3% |
| Deferred charges and accrued income | 490/1 | €280,287 | €353,876 | +€73,589 | +26.3% |
| Total equity and liabilities | 10/49 | €7,041,877 | €6,517,498 | -€524,379 | -7.4% |
| Equity | 10/15 | €4,923,757 | €4,973,154 | +€49,396 | +1.0% |
| Contributions | 10/11 | €3,585,396 | €3,585,396 | = | 0.0% |
| Reserves | 13 | €1,865,588 | €1,865,588 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,109 | €57,109 | = | 0.0% |
| Distributable reserves | 133 | €1,808,479 | €1,808,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€527,227 | -€477,830 | +€49,396 | +9.4% |
| Amounts payable | 17/49 | €2,118,119 | €1,544,344 | -€573,775 | -27.1% |
| Amounts payable within one year | 42/48 | €2,117,519 | €1,543,744 | -€573,775 | -27.1% |
| Trade debts | 44 | €1,609 | €18,633 | +€17,024 | +1,058% |
| Suppliers | 440/4 | €1,609 | €18,633 | +€17,024 | +1,058% |
| Taxes, remuneration and social security | 45 | €21,068 | €38,419 | +€17,351 | +82.4% |
| Taxes | 450/3 | €21,068 | €38,419 | +€17,351 | +82.4% |
| Other amounts payable | 47/48 | €2,094,843 | €1,486,693 | -€608,150 | -29.0% |
| Accrued charges and deferred income | 492/3 | €600 | €600 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,882 | €199,642 | -€7,240 | -3.5% |
| Other operating charges | 640/8 | €13,220 | €11,104 | -€2,116 | -16.0% |
| Gross operating margin | 9900 | €592,006 | €164,625 | -€427,380 | -72.2% |
| Operating profit (loss) | 9901 | €371,903 | -€46,122 | -€418,025 | |
| Financial income | 75/76B | €354,548 | €128,616 | -€225,932 | -63.7% |
| Recurring financial income | 75 | €354,548 | €128,616 | -€225,932 | -63.7% |
| Financial charges | 65/66B | €14,350 | €9,016 | -€5,334 | -37.2% |
| Recurring financial charges | 65 | €14,350 | €9,016 | -€5,334 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €712,101 | €73,479 | -€638,623 | -89.7% |
| Income taxes | 67/77 | €148,918 | €24,082 | -€124,836 | -83.8% |
| Profit (loss) for the period | 9904 | €563,183 | €49,396 | -€513,787 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €563,183 | €49,396 | -€513,787 | -91.2% |
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 15 October 2026 via checked.be.