Novus VK: 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 VK
Largest movements
- Financial fixed assets +€1.5m
up €1.5m (+28.6%), from €5.2m to €6.7m
- Other debts +€1.5m
up €1.5m (+36.3%), from €4.1m to €5.6m
- Debts after one year -€146,008
down €146,008 (-22.2%), from €658,337 to €512,329
- Profit (loss) carried forward +€70,824
up €70,824 (+15.9%), from €444,205 to €515,029
- Financial income -€124,277
no longer reported in 2025 (was €124,277)
- Financial charges +€7,635
up €7,635 (+9.0%), from €84,533 to €92,167
- Gross operating margin -€7,517
down €7,517 (-4.0%), from €190,007 to €182,490
- Taxes +€1,930
up €1,930 (+11.6%), from €16,570 to €18,500
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 | €5,315,583 | €6,764,819 | +€1.4m | +27.3% |
| Fixed assets | 21/28 | €5,187,000 | €6,669,000 | +€1.5m | +28.6% |
| Financial fixed assets | 28 | €5,187,000 | €6,669,000 | +€1.5m | +28.6% |
| Current assets | 29/58 | €128,583 | €95,819 | -€32,764 | -25.5% |
| Amounts receivable within one year | 40/41 | €60,500 | €36,750 | -€23,750 | -39.3% |
| Trade receivables | 40 | €60,500 | €30,250 | -€30,250 | -50.0% |
| Other amounts receivable | 41 | - | €6,500 | +€6,500 | |
| Cash at bank and in hand | 54/58 | €67,577 | €58,564 | -€9,014 | -13.3% |
| Deferred charges and accrued income | 490/1 | €506 | €506 | = | 0.0% |
| Total equity and liabilities | 10/49 | €5,315,583 | €6,764,819 | +€1.4m | +27.3% |
| Equity | 10/15 | €447,205 | €518,029 | +€70,824 | +15.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €444,205 | €515,029 | +€70,824 | +15.9% |
| Amounts payable | 17/49 | €4,868,378 | €6,246,790 | +€1.4m | +28.3% |
| Amounts payable after more than one year | 17 | €658,337 | €512,329 | -€146,008 | -22.2% |
| Financial debts | 170/4 | €658,337 | €512,329 | -€146,008 | -22.2% |
| Amounts payable within one year | 42/48 | €4,210,041 | €5,734,461 | +€1.5m | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €129,220 | €140,455 | +€11,235 | +8.7% |
| Trade debts | 44 | €996 | €1,142 | +€146 | +14.7% |
| Suppliers | 440/4 | €996 | €1,142 | +€146 | +14.7% |
| Taxes, remuneration and social security | 45 | €5,050 | €38,124 | +€33,074 | +654.9% |
| Taxes | 450/3 | €5,050 | €38,124 | +€33,074 | +654.9% |
| Other amounts payable | 47/48 | €4,074,775 | €5,554,740 | +€1.5m | +36.3% |
| Other operating charges | 640/8 | €1,018 | €998 | -€19 | -1.9% |
| Gross operating margin | 9900 | €190,007 | €182,490 | -€7,517 | -4.0% |
| Operating profit (loss) | 9901 | €188,990 | €181,491 | -€7,498 | -4.0% |
| Financial income | 75/76B | €124,277 | - | -€124,277 | |
| Recurring financial income | 75 | €124,277 | - | -€124,277 | |
| Financial charges | 65/66B | €84,533 | €92,167 | +€7,635 | +9.0% |
| Recurring financial charges | 65 | €84,533 | €92,167 | +€7,635 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €228,734 | €89,324 | -€139,410 | -60.9% |
| Income taxes | 67/77 | €16,570 | €18,500 | +€1,930 | +11.6% |
| Profit (loss) for the period | 9904 | €212,164 | €70,824 | -€141,340 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €212,164 | €70,824 | -€141,340 | -66.6% |
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 10 October 2026 via checked.be.