Novum: 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.
Novum
Largest movements
- Receivables within one year +€28,309
up €28,309 (+20.9%), from €135,578 to €163,887
of which Other amounts receivable: +€28,309
- Cash +€8,386
new in 2025: €8,386
mainly Net result for the year (+€59,968) and Other debts (+€11,000)
- Deferred charges and accrued income -€7,267
no longer reported in 2025 (was €7,267)
- Tangible fixed assets +€3,510
up €3,510 (+306%), from €1,149 to €4,658
- Profit (loss) carried forward +€48,968
up €48,968 (+214%), from €22,874 to €71,841
- Tax, wage and social debts -€12,669
down €12,669 (-28.6%), from €44,221 to €31,552
- Other debts +€11,000
new in 2025: €11,000
- Debts after one year -€6,765
down €6,765 (-26.0%), from €26,016 to €19,251
- Trade debts -€5,479
down €5,479 (-33.9%), from €16,177 to €10,698
- Gross operating margin +€52,828
up €52,828 (+178%), from €29,649 to €82,477
- Taxes +€7,987
up €7,987 (+119%), from €6,740 to €14,727
- Financial charges +€2,670
up €2,670 (+32.5%), from €8,224 to €10,893
- Financial income +€1,117
up €1,117 (+19.2%), from €5,813 to €6,930
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 | €143,994 | €176,932 | +€32,938 | +22.9% |
| Fixed assets | 21/28 | €1,149 | €4,658 | +€3,510 | +306% |
| Tangible fixed assets | 22/27 | €1,149 | €4,658 | +€3,510 | +306% |
| Plant, machinery and equipment | 23 | €1,149 | €4,658 | +€3,510 | +306% |
| Current assets | 29/58 | €142,845 | €172,274 | +€29,429 | +20.6% |
| Amounts receivable within one year | 40/41 | €135,578 | €163,887 | +€28,309 | +20.9% |
| Trade receivables | 40 | €25,323 | €25,323 | = | 0.0% |
| Other amounts receivable | 41 | €110,255 | €138,564 | +€28,309 | +25.7% |
| Cash at bank and in hand | 54/58 | - | €8,386 | +€8,386 | |
| Deferred charges and accrued income | 490/1 | €7,267 | - | -€7,267 | |
| Total equity and liabilities | 10/49 | €143,994 | €176,932 | +€32,938 | +22.9% |
| Equity | 10/15 | €41,424 | €90,391 | +€48,968 | +118% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,874 | €71,841 | +€48,968 | +214% |
| Amounts payable | 17/49 | €102,570 | €86,541 | -€16,029 | -15.6% |
| Amounts payable after more than one year | 17 | €26,016 | €19,251 | -€6,765 | -26.0% |
| Financial debts | 170/4 | €26,016 | €19,251 | -€6,765 | -26.0% |
| Amounts payable within one year | 42/48 | €76,554 | €67,289 | -€9,264 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €13,412 | €13,765 | +€353 | +2.6% |
| Financial debts | 43 | €2,744 | €274 | -€2,470 | -90.0% |
| Credit institutions | 430/8 | €2,744 | €274 | -€2,470 | -90.0% |
| Trade debts | 44 | €16,177 | €10,698 | -€5,479 | -33.9% |
| Suppliers | 440/4 | €16,177 | €10,698 | -€5,479 | -33.9% |
| Taxes, remuneration and social security | 45 | €44,221 | €31,552 | -€12,669 | -28.6% |
| Taxes | 450/3 | €44,221 | €31,552 | -€12,669 | -28.6% |
| Other amounts payable | 47/48 | - | €11,000 | +€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €594 | €1,345 | +€751 | +126% |
| Other operating charges | 640/8 | €2,037 | €2,474 | +€437 | +21.4% |
| Gross operating margin | 9900 | €29,649 | €82,477 | +€52,828 | +178% |
| Operating profit (loss) | 9901 | €27,018 | €78,658 | +€51,640 | +191% |
| Financial income | 75/76B | €5,813 | €6,930 | +€1,117 | +19.2% |
| Recurring financial income | 75 | €5,813 | €6,930 | +€1,117 | +19.2% |
| Financial charges | 65/66B | €8,224 | €10,893 | +€2,670 | +32.5% |
| Recurring financial charges | 65 | €8,224 | €10,893 | +€2,670 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | €24,607 | €74,695 | +€50,088 | +204% |
| Income taxes | 67/77 | €6,740 | €14,727 | +€7,987 | +119% |
| Profit (loss) for the period | 9904 | €17,867 | €59,968 | +€42,101 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €17,867 | €59,968 | +€42,101 | +236% |
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 24 October 2026 via checked.be.