Novus Red: 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.
Novus Red
Largest movements
- Stocks and contracts -€579,816
down €579,816 (-100%), from €579,816 to €0
- Cash +€407,269
up €407,269 (+2,269%), from €17,948 to €425,217
mainly Stocks and contracts (+€579,816) and Net result for the year (+€104,371)
- Debts after one year -€262,436
down €262,436 (-63.6%), from €412,436 to €150,000
- Profit (loss) carried forward +€104,371
up €104,371 (+123%), from €84,733 to €189,104
- Trade debts -€43,248
down €43,248 (-64.9%), from €66,655 to €23,407
- Tax, wage and social debts +€25,933
up €25,933 (+88.2%), from €29,389 to €55,322
of which Taxes: +€15,278
- Gross operating margin +€151,465
up €151,465 (+1,390%), from €10,897 to €162,362
- Taxes +€30,697
up €30,697 (+2,390%), from €1,285 to €31,982
- Financial charges +€19,666
up €19,666 (+415%), from €4,741 to €24,407
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 | €603,696 | €432,558 | -€171,139 | -28.3% |
| Fixed assets | 21/28 | €596 | €1,131 | +€535 | +89.7% |
| Tangible fixed assets | 22/27 | €596 | €1,131 | +€535 | +89.7% |
| Plant, machinery and equipment | 23 | €596 | €1,131 | +€535 | +89.7% |
| Current assets | 29/58 | €603,100 | €431,426 | -€171,674 | -28.5% |
| Stocks and contracts in progress | 3 | €579,816 | €0 | -€579,816 | -100% |
| Stocks | 30/36 | €579,816 | €0 | -€579,816 | -100% |
| Amounts receivable within one year | 40/41 | €5,117 | €5,176 | +€59 | +1.1% |
| Trade receivables | 40 | €3,705 | €5,123 | +€1,418 | +38.3% |
| Other amounts receivable | 41 | €1,412 | €53 | -€1,360 | -96.3% |
| Cash at bank and in hand | 54/58 | €17,948 | €425,217 | +€407,269 | +2,269% |
| Deferred charges and accrued income | 490/1 | €218 | €1,034 | +€815 | +373% |
| Total equity and liabilities | 10/49 | €603,696 | €432,558 | -€171,139 | -28.3% |
| Equity | 10/15 | €84,833 | €189,204 | +€104,371 | +123% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,733 | €189,104 | +€104,371 | +123% |
| Amounts payable | 17/49 | €518,863 | €243,353 | -€275,510 | -53.1% |
| Amounts payable after more than one year | 17 | €412,436 | €150,000 | -€262,436 | -63.6% |
| Financial debts | 170/4 | €412,436 | €150,000 | -€262,436 | -63.6% |
| Amounts payable within one year | 42/48 | €106,427 | €88,853 | -€17,574 | -16.5% |
| Trade debts | 44 | €66,655 | €23,407 | -€43,248 | -64.9% |
| Suppliers | 440/4 | €66,655 | €23,407 | -€43,248 | -64.9% |
| Taxes, remuneration and social security | 45 | €29,389 | €55,322 | +€25,933 | +88.2% |
| Taxes | 450/3 | €24,119 | €39,397 | +€15,278 | +63.3% |
| Remuneration and social security | 454/9 | €5,270 | €15,925 | +€10,655 | +202% |
| Other amounts payable | 47/48 | €10,384 | €10,124 | -€259 | -2.5% |
| Accrued charges and deferred income | 492/3 | - | €4,500 | +€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,625 | €621 | -€1,004 | -61.8% |
| Other operating charges | 640/8 | €1,072 | €990 | -€83 | -7.7% |
| Gross operating margin | 9900 | €10,897 | €162,362 | +€151,465 | +1,390% |
| Operating profit (loss) | 9901 | €8,200 | €160,751 | +€152,551 | +1,860% |
| Financial income | 75/76B | €9 | €9 | +€0 | +4.3% |
| Recurring financial income | 75 | €9 | €9 | +€0 | +4.3% |
| Financial charges | 65/66B | €4,741 | €24,407 | +€19,666 | +415% |
| Recurring financial charges | 65 | €4,741 | €24,407 | +€19,666 | +415% |
| Profit (loss) for the period before taxes | 9903 | €3,467 | €136,353 | +€132,886 | +3,833% |
| Income taxes | 67/77 | €1,285 | €31,982 | +€30,697 | +2,390% |
| Profit (loss) for the period | 9904 | €2,182 | €104,371 | +€102,189 | +4,683% |
| Profit (loss) for the period to be appropriated | 9905 | €2,182 | €104,371 | +€102,189 | +4,683% |
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 14 October 2026 via checked.be.