NOVULA NETWORK: 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.
NOVULA NETWORK
Largest movements
- Intangible fixed assets +€107,338
up €107,338 (+15031.7%), from €714 to €108,052
- Tangible fixed assets -€76,629
down €76,629 (-96.1%), from €79,719 to €3,090
of which Assets under construction and advance payments: -€79,719
- Cash +€17,786
up €17,786 (+71.7%), from €24,792 to €42,578
mainly Contributions, distributions and other (+€59,350) and Debts after one year (+€40,000)
- Formation expenses +€8,396
new in 2025: €8,396
- Receivables within one year +€3,340
up €3,340 (+51.0%), from €6,554 to €9,894
of which Other amounts receivable: +€5,655
- Contributions +€59,350
up €59,350 (+45.7%), from €130,000 to €189,350
- Profit (loss) carried forward -€53,361
down €53,361 (-192.6%), from -€27,699 to -€81,060
- Debts after one year +€40,000
new in 2025: €40,000
- Trade debts +€12,300
up €12,300 (+129.8%), from €9,478 to €21,777
- Accrued charges and deferred income +€1,819
new in 2025: €1,819
- Depreciation +€13,860
up €13,860 (+805.7%), from €1,720 to €15,581
- Staff costs +€8,444
new in 2025: €8,444
- Gross operating margin -€3,241
down €3,241 (-14.0%), from -€23,128 to -€26,368
- Financial charges +€497
up €497 (+26.7%), from €1,859 to €2,355
- Other operating charges -€372
down €372 (-37.5%), from €992 to €620
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 | €111,779 | €172,660 | +€60,881 | +54.5% |
| Formation expenses | 20 | - | €8,396 | +€8,396 | |
| Fixed assets | 21/28 | €80,433 | €111,352 | +€30,919 | +38.4% |
| Intangible fixed assets | 21 | €714 | €108,052 | +€107,338 | +15031.7% |
| Tangible fixed assets | 22/27 | €79,719 | €3,090 | -€76,629 | -96.1% |
| Furniture and vehicles | 24 | - | €3,090 | +€3,090 | |
| Assets under construction and advance payments | 27 | €79,719 | €0 | -€79,719 | -100.0% |
| Financial fixed assets | 28 | - | €210 | +€210 | |
| Current assets | 29/58 | €31,346 | €52,912 | +€21,566 | +68.8% |
| Amounts receivable within one year | 40/41 | €6,554 | €9,894 | +€3,340 | +51.0% |
| Trade receivables | 40 | €5,851 | €3,536 | -€2,315 | -39.6% |
| Other amounts receivable | 41 | €703 | €6,358 | +€5,655 | +804.6% |
| Cash at bank and in hand | 54/58 | €24,792 | €42,578 | +€17,786 | +71.7% |
| Deferred charges and accrued income | 490/1 | - | €440 | +€440 | |
| Total equity and liabilities | 10/49 | €111,779 | €172,660 | +€60,881 | +54.5% |
| Equity | 10/15 | €102,301 | €108,290 | +€5,989 | +5.9% |
| Contributions | 10/11 | €130,000 | €189,350 | +€59,350 | +45.7% |
| Profit (loss) carried forward | 14 | -€27,699 | -€81,060 | -€53,361 | -192.6% |
| Amounts payable | 17/49 | €9,478 | €64,370 | +€54,892 | +579.2% |
| Amounts payable after more than one year | 17 | - | €40,000 | +€40,000 | |
| Financial debts | 170/4 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €9,478 | €22,551 | +€13,073 | +137.9% |
| Trade debts | 44 | €9,478 | €21,777 | +€12,300 | +129.8% |
| Suppliers | 440/4 | €9,478 | €21,777 | +€12,300 | +129.8% |
| Other amounts payable | 47/48 | - | €774 | +€774 | |
| Accrued charges and deferred income | 492/3 | - | €1,819 | +€1,819 | |
| Remuneration, social security and pensions | 62 | - | €8,444 | +€8,444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,720 | €15,581 | +€13,860 | +805.7% |
| Other operating charges | 640/8 | €992 | €620 | -€372 | -37.5% |
| Gross operating margin | 9900 | -€23,128 | -€26,368 | -€3,241 | -14.0% |
| Operating profit (loss) | 9901 | -€25,840 | -€51,013 | -€25,173 | -97.4% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €1,859 | €2,355 | +€497 | +26.7% |
| Recurring financial charges | 65 | €1,859 | €2,355 | +€497 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,699 | -€53,361 | -€25,662 | -92.6% |
| Profit (loss) for the period | 9904 | -€27,699 | -€53,361 | -€25,662 | -92.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,699 | -€53,361 | -€25,662 | -92.6% |
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 3 October 2026 via checked.be.