Novus Holding: 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
Novus Holding
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€930,431
2024 · €6.0m-€5.0m
Equity
€33.8m
2024 · €32.9m+€930,431
Cash
€14,645
2024 · €29,778-€15,134
Balance sheet total
€34.4m
2024 · €35.3m-€937,442
Largest movements
Assets
- Receivables after one year -€854,181
down €854,181 (-100%), from €854,181 to €0
Equity and liabilities
- Other debts -€1.4m
down €1.4m (-100%), from €1.4m to €0
- Reserves +€930,431
up €930,431 (+8.6%), from €10.8m to €11.7m
of which Distributable reserves: +€930,431
- Debts after one year -€496,897
down €496,897 (-50.1%), from €992,429 to €495,531
Income statement
- Financial income -€5.0m
down €5.0m (-82.8%), from €6.0m to €1.0m
- Other operating income -€32,638
down €32,638 (-84.8%), from €38,476 to €5,838
- Depreciation +€29,471
up €29,471 (+116%), from €25,297 to €54,769
- Financial charges -€14,692
down €14,692 (-56.4%), from €26,060 to €11,368
- Staff costs +€6,247
up €6,247 (+4.0%), from €155,110 to €161,357
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
€6.0m
Other operating income
-€32,638
Services and other goods
-€5,914
Staff costs
-€6,247
Depreciation
-€29,471
Other operating charges
+€653
Financial income
-€5.0m
Financial charges
+€14,692
Taxes
-€190
Result 2025
€930,431
raises the resultlowers the result
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
+€481,764
Investment
€0
Financing
-€496,897
Cash 2024
€29,778
From operations (derived)
+€481,764
Net result for the year
+€930,431
Depreciation
+€54,769
Receivables after one year
+€854,181
Receivables within one year
+€10,548
Smaller working-capital items
+€6,582
Other debts
-€1.4m
Accrued charges and deferred income
-€14,748
Financing
-€496,897
Debts after one year
-€496,897
Cash 2025
€14,645
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,316,594 | €34,379,152 | -€937,442 | -2.7% |
| Fixed assets | 21/28 | €34,402,764 | €34,347,996 | -€54,769 | -0.2% |
| Tangible fixed assets | 22/27 | €247,474 | €192,706 | -€54,769 | -22.1% |
| Furniture and vehicles | 24 | €247,474 | €192,706 | -€54,769 | -22.1% |
| Financial fixed assets | 28 | €34,155,290 | €34,155,290 | = | 0.0% |
| Affiliated companies | 280/1 | €34,155,290 | €34,155,290 | = | 0.0% |
| Participating interests | 280 | €34,155,290 | €34,155,290 | = | 0.0% |
| Current assets | 29/58 | €913,830 | €31,157 | -€882,673 | -96.6% |
| Amounts receivable after more than one year | 29 | €854,181 | €0 | -€854,181 | -100% |
| Other amounts receivable | 291 | €854,181 | €0 | -€854,181 | -100% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €15,282 | €4,734 | -€10,548 | -69.0% |
| Trade receivables | 40 | €14,460 | €0 | -€14,460 | -100% |
| Other amounts receivable | 41 | €823 | €4,734 | +€3,911 | +475% |
| Cash at bank and in hand | 54/58 | €29,778 | €14,645 | -€15,134 | -50.8% |
| Deferred charges and accrued income | 490/1 | €14,588 | €11,778 | -€2,810 | -19.3% |
| Total equity and liabilities | 10/49 | €35,316,594 | €34,379,152 | -€937,442 | -2.7% |
| Equity | 10/15 | €32,903,791 | €33,834,222 | +€930,431 | +2.8% |
| Contributions | 10/11 | €22,103,171 | €22,103,171 | = | 0.0% |
| Contributions outside capital | 11 | €22,103,171 | - | -€22.1m | |
| Other | 1109/19 | €22,103,171 | - | -€22.1m | |
| Reserves | 13 | €10,800,620 | €11,731,051 | +€930,431 | +8.6% |
| Non-distributable reserves | 130/1 | €2,210,317 | €2,210,317 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,210,317 | €2,210,317 | = | 0.0% |
| Distributable reserves | 133 | €8,590,303 | €9,520,734 | +€930,431 | +10.8% |
| Amounts payable | 17/49 | €2,412,803 | €544,930 | -€1.9m | -77.4% |
| Amounts payable after more than one year | 17 | €992,429 | €495,531 | -€496,897 | -50.1% |
| Financial debts | 170/4 | €992,429 | €495,531 | -€496,897 | -50.1% |
| Other loans | 174 | €992,429 | €495,531 | -€496,897 | -50.1% |
| Amounts payable within one year | 42/48 | €1,394,466 | €38,239 | -€1.4m | -97.3% |
| Trade debts | 44 | €15,199 | €17,836 | +€2,636 | +17.3% |
| Suppliers | 440/4 | €15,199 | €17,836 | +€2,636 | +17.3% |
| Taxes, remuneration and social security | 45 | €19,267 | €20,403 | +€1,136 | +5.9% |
| Taxes | 450/3 | €1,229 | €1,531 | +€302 | +24.6% |
| Remuneration and social security | 454/9 | €18,038 | €18,872 | +€834 | +4.6% |
| Other amounts payable | 47/48 | €1,360,000 | €0 | -€1.4m | -100% |
| Accrued charges and deferred income | 492/3 | €25,908 | €11,160 | -€14,748 | -56.9% |
| Operating income | 70/76A | €181,876 | €149,238 | -€32,638 | -17.9% |
| Turnover | 70 | €143,400 | €143,400 | = | 0.0% |
| Other operating income | 74 | €38,476 | €5,838 | -€32,638 | -84.8% |
| Operating charges | 60/66A | €197,225 | €238,204 | +€40,979 | +20.8% |
| Services and other goods | 61 | €14,197 | €20,111 | +€5,914 | +41.7% |
| Remuneration, social security and pensions | 62 | €155,110 | €161,357 | +€6,247 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,297 | €54,769 | +€29,471 | +116% |
| Other operating charges | 640/8 | €2,620 | €1,967 | -€653 | -24.9% |
| Operating profit (loss) | 9901 | -€15,349 | -€88,966 | -€73,617 | -480% |
| Financial income | 75/76B | €6,014,588 | €1,031,787 | -€5.0m | -82.8% |
| Recurring financial income | 75 | €6,014,588 | €1,031,787 | -€5.0m | -82.8% |
| Income from financial fixed assets | 750 | €6,000,000 | €1,020,000 | -€5.0m | -83.0% |
| Income from current assets | 751 | - | €11,778 | +€11,778 | |
| Other financial income | 752/9 | €14,588 | €9 | -€14,579 | -99.9% |
| Financial charges | 65/66B | €26,060 | €11,368 | -€14,692 | -56.4% |
| Recurring financial charges | 65 | €26,060 | €11,368 | -€14,692 | -56.4% |
| Debt charges | 650 | €25,910 | €11,181 | -€14,729 | -56.8% |
| Other financial charges | 652/9 | €150 | €187 | +€37 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €5,973,179 | €931,453 | -€5.0m | -84.4% |
| Income taxes | 67/77 | €832 | €1,022 | +€190 | +22.8% |
| Taxes | 670/3 | €832 | €1,022 | +€190 | +22.8% |
| Profit (loss) for the period | 9904 | €5,972,347 | €930,431 | -€5.0m | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,972,347 | €930,431 | -€5.0m | -84.4% |
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.