Novoto: 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.
What changed
Novoto
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€864,135
2024 · -€422,204-€441,931
Equity
-€95,615
2024 · €768,520-€864,135
Cash
€876,105
2024 · €119,233+€756,872
Balance sheet total
€16.8m
2024 · €13.3m+€3.4m
Largest movements
Assets
- Tangible fixed assets +€1.8m
up €1.8m (+208%), from €888,150 to €2.7m
of which Furniture and vehicles: +€1.6m
- Receivables within one year +€1.6m
up €1.6m (+102%), from €1.5m to €3.1m
of which Trade receivables: +€2.1m
- Cash +€756,872
up €756,872 (+635%), from €119,233 to €876,105
mainly Short-term financial debts (+€3.8m) and Accrued charges and deferred income (+€922,149)
- Stocks and contracts -€493,911
down €493,911 (-4.7%), from €10.5m to €10.0m
- Deferred charges and accrued income -€220,614
down €220,614 (-93.5%), from €236,010 to €15,396
Equity and liabilities
- Short-term financial debts +€3.8m
up €3.8m (+1,267%), from €295,911 to €4.0m
- Accrued charges and deferred income +€922,149
up €922,149 (+1,744%), from €52,878 to €975,027
- Profit (loss) carried forward -€864,135
down €864,135 (-230%), from -€375,230 to -€1.2m
- Trade debts -€248,710
down €248,710 (-2.2%), from €11.3m to €11.1m
Income statement
- Turnover +€9.2m
up €9.2m (+31.8%), from €29.0m to €38.2m
- Goods and materials +€6.8m
up €6.8m (+25.5%), from €26.7m to €33.5m
of which Change in stocks: decrease (increase): +€5.9m
- Other operating income -€1.5m
down €1.5m (-79.3%), from €1.9m to €387,450
- Services and other goods +€846,376
up €846,376 (+41.4%), from €2.0m to €2.9m
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
-€422,204
Turnover
+€9.2m
Other operating income
-€1.5m
Goods and materials
-€6.8m
Services and other goods
-€846,376
Staff costs
-€357,486
Depreciation
-€176,257
Write-downs
+€133,253
Other operating charges
-€15,252
Other operating items
-€1,933
Financial income
+€12,646
Financial charges
-€127,566
Taxes
-€374
Result 2025
-€864,135
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€721,583
Investment
-€2.2m
Financing
+€3.7m
Cash 2024
€119,233
From operations (derived)
-€721,583
Net result for the year
-€864,135
Depreciation
+€364,491
Stocks and contracts
+€493,911
Receivables within one year
-€1.6m
Deferred charges and accrued income
+€220,614
Trade debts
-€248,710
Tax, wage and social debts
+€5,731
Other debts
-€52,237
Accrued charges and deferred income
+€922,149
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€2.2m
Financing
+€3.7m
Debts after one year
-€66,776
Current portion of long-term debt
+€1,935
Short-term financial debts
+€3.8m
Cash 2025
€876,105
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,342,074 | €16,790,031 | +€3.4m | +25.8% |
| Fixed assets | 21/28 | €925,379 | €2,767,593 | +€1.8m | +199% |
| Intangible fixed assets | 21 | €20,229 | €16,979 | -€3,250 | -16.1% |
| Tangible fixed assets | 22/27 | €888,150 | €2,733,613 | +€1.8m | +208% |
| Plant, machinery and equipment | 23 | €157,797 | €204,674 | +€46,877 | +29.7% |
| Furniture and vehicles | 24 | €97,204 | €1,666,178 | +€1.6m | +1,614% |
| Other tangible fixed assets | 26 | €633,149 | €862,761 | +€229,613 | +36.3% |
| Financial fixed assets | 28 | €17,000 | €17,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €17,000 | €17,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €17,000 | €17,000 | = | 0.0% |
| Current assets | 29/58 | €12,416,694 | €14,022,438 | +€1.6m | +12.9% |
| Stocks and contracts in progress | 3 | €10,521,980 | €10,028,069 | -€493,911 | -4.7% |
| Stocks | 30/36 | €10,521,980 | €10,028,069 | -€493,911 | -4.7% |
| Goods purchased for resale | 34 | €10,521,980 | €10,028,069 | -€493,911 | -4.7% |
| Amounts receivable within one year | 40/41 | €1,539,471 | €3,102,868 | +€1.6m | +102% |
| Trade receivables | 40 | €967,975 | €3,082,868 | +€2.1m | +218% |
| Other amounts receivable | 41 | €571,496 | €20,000 | -€551,496 | -96.5% |
| Cash at bank and in hand | 54/58 | €119,233 | €876,105 | +€756,872 | +635% |
| Deferred charges and accrued income | 490/1 | €236,010 | €15,396 | -€220,614 | -93.5% |
| Total equity and liabilities | 10/49 | €13,342,074 | €16,790,031 | +€3.4m | +25.8% |
| Equity | 10/15 | €768,520 | -€95,615 | -€864,135 | |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €893,750 | €893,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €850,000 | €850,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€375,230 | -€1,239,365 | -€864,135 | -230% |
| Amounts payable | 17/49 | €12,573,553 | €16,885,646 | +€4.3m | +34.3% |
| Amounts payable after more than one year | 17 | €447,998 | €381,222 | -€66,776 | -14.9% |
| Financial debts | 170/4 | €447,998 | €381,222 | -€66,776 | -14.9% |
| Credit institutions | 173 | €447,998 | €381,222 | -€66,776 | -14.9% |
| Amounts payable within one year | 42/48 | €12,072,678 | €15,529,397 | +€3.5m | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €64,841 | €66,776 | +€1,935 | +3.0% |
| Financial debts | 43 | €295,911 | €4,045,911 | +€3.8m | +1,267% |
| Credit institutions | 430/8 | €295,911 | €4,045,911 | +€3.8m | +1,267% |
| Trade debts | 44 | €11,303,599 | €11,054,889 | -€248,710 | -2.2% |
| Suppliers | 440/4 | €11,303,599 | €11,054,889 | -€248,710 | -2.2% |
| Taxes, remuneration and social security | 45 | €258,377 | €264,109 | +€5,731 | +2.2% |
| Taxes | 450/3 | €21,126 | €46,133 | +€25,006 | +118% |
| Remuneration and social security | 454/9 | €237,251 | €217,976 | -€19,275 | -8.1% |
| Other amounts payable | 47/48 | €149,949 | €97,712 | -€52,237 | -34.8% |
| Accrued charges and deferred income | 492/3 | €52,878 | €975,027 | +€922,149 | +1,744% |
| Operating income | 70/76A | €30,856,377 | €38,600,207 | +€7.7m | +25.1% |
| Turnover | 70 | €28,982,106 | €38,212,757 | +€9.2m | +31.8% |
| Other operating income | 74 | €1,873,238 | €387,450 | -€1.5m | -79.3% |
| Non-recurring operating income | 76A | €1,033 | - | -€1,033 | |
| Operating charges | 60/66A | €30,958,232 | €39,028,700 | +€8.1m | +26.1% |
| Goods for resale, raw materials and consumables | 60 | €26,693,688 | €33,501,136 | +€6.8m | +25.5% |
| Purchases | 600/8 | €32,003,062 | €32,918,008 | +€914,945 | +2.9% |
| Change in stocks: decrease (increase) | 609 | -€5,309,375 | €583,128 | +€5.9m | |
| Services and other goods | 61 | €2,042,840 | €2,889,216 | +€846,376 | +41.4% |
| Remuneration, social security and pensions | 62 | €1,904,543 | €2,262,030 | +€357,486 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,233 | €364,491 | +€176,257 | +93.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €53,283 | -€79,971 | -€133,253 | |
| Other operating charges | 640/8 | €75,645 | €90,897 | +€15,252 | +20.2% |
| Non-recurring operating charges | 66A | - | €900 | +€900 | |
| Operating profit (loss) | 9901 | -€101,855 | -€428,493 | -€326,638 | -321% |
| Financial income | 75/76B | €1,182 | €13,828 | +€12,646 | +1,070% |
| Recurring financial income | 75 | €1,182 | €13,828 | +€12,646 | +1,070% |
| Income from current assets | 751 | - | €13,821 | +€13,821 | |
| Other financial income | 752/9 | €1,182 | €7 | -€1,175 | -99.4% |
| Financial charges | 65/66B | €321,905 | €449,471 | +€127,566 | +39.6% |
| Recurring financial charges | 65 | €321,905 | €449,471 | +€127,566 | +39.6% |
| Debt charges | 650 | €305,613 | €429,329 | +€123,717 | +40.5% |
| Other financial charges | 652/9 | €16,292 | €20,142 | +€3,849 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | -€422,578 | -€864,135 | -€441,557 | -104% |
| Income taxes | 67/77 | -€374 | - | +€374 | |
| Taxes | 670/3 | €0 | - | = | |
| Tax adjustments and reversals of tax provisions | 77 | €374 | - | -€374 | |
| Profit (loss) for the period | 9904 | -€422,204 | -€864,135 | -€441,931 | -105% |
| Profit (loss) for the period to be appropriated | 9905 | -€422,204 | -€864,135 | -€441,931 | -105% |
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 16 October 2026 via checked.be.