NOVUP: 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.
NOVUP
Largest movements
- Cash +€138,524
up €138,524 (+473%), from €29,264 to €167,788
mainly Net result for the year (+€130,033) and Depreciation (+€46,776)
- Tangible fixed assets -€13,106
down €13,106 (-2.3%), from €572,430 to €559,324
of which Land and buildings: -€22,382
- Receivables within one year +€12,588
up €12,588 (+132%), from €9,557 to €22,145
- Profit (loss) carried forward +€127,533
up €127,533, from -€127,497 to €37
- Tax, wage and social debts +€14,392
new in 2025: €14,392
- Other debts -€13,783
down €13,783 (-2.7%), from €520,057 to €506,274
- Trade debts +€12,077
new in 2025: €12,077
- Gross operating margin +€140,883
up €140,883 (+306%), from €46,022 to €186,905
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 | €612,908 | €753,239 | +€140,332 | +22.9% |
| Fixed assets | 21/28 | €572,430 | €559,324 | -€13,106 | -2.3% |
| Tangible fixed assets | 22/27 | €572,430 | €559,324 | -€13,106 | -2.3% |
| Land and buildings | 22 | €414,155 | €391,774 | -€22,382 | -5.4% |
| Plant, machinery and equipment | 23 | €146,277 | €156,552 | +€10,275 | +7.0% |
| Furniture and vehicles | 24 | €2,066 | €1,066 | -€1,000 | -48.4% |
| Other tangible fixed assets | 26 | €9,933 | €9,933 | = | 0.0% |
| Current assets | 29/58 | €40,477 | €193,916 | +€153,438 | +379% |
| Amounts receivable within one year | 40/41 | €9,557 | €22,145 | +€12,588 | +132% |
| Trade receivables | 40 | €9,557 | €22,145 | +€12,588 | +132% |
| Cash at bank and in hand | 54/58 | €29,264 | €167,788 | +€138,524 | +473% |
| Deferred charges and accrued income | 490/1 | €1,656 | €3,983 | +€2,326 | +140% |
| Total equity and liabilities | 10/49 | €612,908 | €753,239 | +€140,332 | +22.9% |
| Equity | 10/15 | €90,263 | €220,296 | +€130,033 | +144% |
| Contributions | 10/11 | €195,477 | €195,477 | = | 0.0% |
| Contributions outside capital | 11 | €195,477 | €195,477 | = | 0.0% |
| Other | 1109/19 | €195,477 | €195,477 | = | 0.0% |
| Reserves | 13 | €22,283 | €24,783 | +€2,500 | +11.2% |
| Distributable reserves | 133 | €22,283 | €24,783 | +€2,500 | +11.2% |
| Profit (loss) carried forward | 14 | -€127,497 | €37 | +€127,533 | |
| Amounts payable | 17/49 | €522,645 | €532,943 | +€10,299 | +2.0% |
| Amounts payable within one year | 42/48 | €520,057 | €532,743 | +€12,686 | +2.4% |
| Trade debts | 44 | - | €12,077 | +€12,077 | |
| Suppliers | 440/4 | - | €12,077 | +€12,077 | |
| Taxes, remuneration and social security | 45 | - | €14,392 | +€14,392 | |
| Taxes | 450/3 | - | €14,392 | +€14,392 | |
| Other amounts payable | 47/48 | €520,057 | €506,274 | -€13,783 | -2.7% |
| Accrued charges and deferred income | 492/3 | €2,587 | €200 | -€2,387 | -92.3% |
| Remuneration, social security and pensions | 62 | €947 | €252 | -€696 | -73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,455 | €46,776 | +€1,321 | +2.9% |
| Other operating charges | 640/8 | €8,387 | €9,594 | +€1,207 | +14.4% |
| Gross operating margin | 9900 | €46,022 | €186,905 | +€140,883 | +306% |
| Operating profit (loss) | 9901 | -€8,767 | €130,283 | +€139,050 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,767 | €130,283 | +€139,050 | |
| Income taxes | 67/77 | €12 | €250 | +€238 | +1,934% |
| Profit (loss) for the period | 9904 | -€8,779 | €130,033 | +€138,812 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,779 | €130,033 | +€138,812 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.