Novra: 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.
Novra
Largest movements
- Current investments +€266,047
up €266,047 (+66.2%), from €401,602 to €667,649
- Receivables within one year -€197,275
down €197,275 (-28.4%), from €695,382 to €498,107
of which Trade receivables: -€152,300
- Cash +€36,240
up €36,240 (+6.9%), from €522,540 to €558,780
mainly Receivables within one year (+€197,275) and Net result for the year (+€169,512)
- Reserves +€169,512
up €169,512 (+8.5%), from €2.0m to €2.2m
- Other debts -€121,764
down €121,764 (-55.1%), from €220,827 to €99,063
- Tax, wage and social debts +€55,155
up €55,155 (+43.6%), from €126,640 to €181,795
- Gross operating margin -€400,363
down €400,363 (-61.5%), from €650,620 to €250,256
- Taxes -€125,558
down €125,558 (-60.8%), from €206,344 to €80,786
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 | €2,370,804 | €2,473,922 | +€103,118 | +4.3% |
| Fixed assets | 21/28 | €748,347 | €749,386 | +€1,040 | +0.1% |
| Tangible fixed assets | 22/27 | €3,347 | €4,386 | +€1,040 | +31.1% |
| Plant, machinery and equipment | 23 | €1,941 | €1,723 | -€218 | -11.2% |
| Furniture and vehicles | 24 | €1,406 | €2,663 | +€1,258 | +89.5% |
| Financial fixed assets | 28 | €745,000 | €745,000 | = | 0.0% |
| Current assets | 29/58 | €1,622,457 | €1,724,536 | +€102,078 | +6.3% |
| Amounts receivable within one year | 40/41 | €695,382 | €498,107 | -€197,275 | -28.4% |
| Trade receivables | 40 | €508,900 | €356,600 | -€152,300 | -29.9% |
| Other amounts receivable | 41 | €186,482 | €141,507 | -€44,975 | -24.1% |
| Current investments | 50/53 | €401,602 | €667,649 | +€266,047 | +66.2% |
| Cash at bank and in hand | 54/58 | €522,540 | €558,780 | +€36,240 | +6.9% |
| Deferred charges and accrued income | 490/1 | €2,934 | €0 | -€2,934 | -100% |
| Total equity and liabilities | 10/49 | €2,370,804 | €2,473,922 | +€103,118 | +4.3% |
| Equity | 10/15 | €2,022,083 | €2,191,595 | +€169,512 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,003,483 | €2,172,995 | +€169,512 | +8.5% |
| Distributable reserves | 133 | €2,003,483 | €2,172,995 | +€169,512 | +8.5% |
| Amounts payable | 17/49 | €348,720 | €282,327 | -€66,393 | -19.0% |
| Amounts payable within one year | 42/48 | €348,720 | €282,327 | -€66,393 | -19.0% |
| Trade debts | 44 | €1,254 | €1,469 | +€216 | +17.2% |
| Suppliers | 440/4 | €1,254 | €1,469 | +€216 | +17.2% |
| Taxes, remuneration and social security | 45 | €126,640 | €181,795 | +€55,155 | +43.6% |
| Taxes | 450/3 | €126,640 | €181,795 | +€55,155 | +43.6% |
| Other amounts payable | 47/48 | €220,827 | €99,063 | -€121,764 | -55.1% |
| Non-recurring operating income | 76A | €13,459 | €14,612 | +€1,153 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,441 | €1,072 | -€5,370 | -83.4% |
| Other operating charges | 640/8 | €1,188 | €256 | -€932 | -78.5% |
| Gross operating margin | 9900 | €650,620 | €250,256 | -€400,363 | -61.5% |
| Operating profit (loss) | 9901 | €642,990 | €248,929 | -€394,061 | -61.3% |
| Financial income | 75/76B | €1,651 | €1,850 | +€198 | +12.0% |
| Recurring financial income | 75 | €1,651 | €1,850 | +€198 | +12.0% |
| Financial charges | 65/66B | €96 | €481 | +€385 | +399% |
| Recurring financial charges | 65 | €96 | €481 | +€385 | +399% |
| Profit (loss) for the period before taxes | 9903 | €644,545 | €250,297 | -€394,248 | -61.2% |
| Income taxes | 67/77 | €206,344 | €80,786 | -€125,558 | -60.8% |
| Profit (loss) for the period | 9904 | €438,201 | €169,512 | -€268,690 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €438,201 | €169,512 | -€268,690 | -61.3% |
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 1 November 2026 via checked.be.