NovusCo: what changed
Two fiscal 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.
NovusCo
Largest movements
- Cash +€686,292
up €686,292 (+2519.5%), from €27,239 to €713,532
mainly Other debts (+€760,000) and Current portion of long-term debt (+€618,500)
- Stocks and contracts +€177,174
up €177,174 (+5.6%), from €3.2m to €3.4m
- Other debts +€760,000
up €760,000 (+94.1%), from €808,000 to €1.6m
- Debts after one year -€618,500
down €618,500 (-29.2%), from €2.1m to €1.5m
- Current portion of long-term debt +€618,500
new in 2025: €618,500
- Accrued charges and deferred income +€105,597
up €105,597 (+33.5%), from €314,797 to €420,394
- Gross operating margin +€651
up €651 (+16.2%), from -€4,024 to -€3,373
- Financial charges +€333
up €333 (+146.1%), from €228 to €561
- Depreciation -€207
down €207 (-100.0%), from €207 to €0
- Other operating charges -€108
down €108 (-9.5%), from €1,143 to €1,035
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 | €3,211,825 | €4,102,783 | +€890,958 | +27.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | - | €28,200 | +€28,200 | |
| Financial fixed assets | 28 | - | €28,200 | +€28,200 | |
| Current assets | 29/58 | €3,211,825 | €4,074,583 | +€862,758 | +26.9% |
| Stocks and contracts in progress | 3 | €3,182,897 | €3,360,070 | +€177,174 | +5.6% |
| Contracts in progress | 37 | €3,182,897 | €3,360,070 | +€177,174 | +5.6% |
| Amounts receivable within one year | 40/41 | €1,689 | €981 | -€708 | -41.9% |
| Other amounts receivable | 41 | €1,689 | €981 | -€708 | -41.9% |
| Cash at bank and in hand | 54/58 | €27,239 | €713,532 | +€686,292 | +2519.5% |
| Total equity and liabilities | 10/49 | €3,211,825 | €4,102,783 | +€890,958 | +27.7% |
| Equity | 10/15 | -€31,816 | -€36,785 | -€4,969 | -15.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,816 | -€46,785 | -€4,969 | -11.9% |
| Amounts payable | 17/49 | €3,243,641 | €4,139,568 | +€895,927 | +27.6% |
| Amounts payable after more than one year | 17 | €2,118,500 | €1,500,000 | -€618,500 | -29.2% |
| Financial debts | 170/4 | €2,118,500 | €1,500,000 | -€618,500 | -29.2% |
| Amounts payable within one year | 42/48 | €810,344 | €2,219,173 | +€1.4m | +173.9% |
| Current portion of amounts payable after more than one year | 42 | - | €618,500 | +€618,500 | |
| Trade debts | 44 | €2,344 | €32,673 | +€30,330 | +1294.2% |
| Suppliers | 440/4 | €2,344 | €32,673 | +€30,330 | +1294.2% |
| Other amounts payable | 47/48 | €808,000 | €1,568,000 | +€760,000 | +94.1% |
| Accrued charges and deferred income | 492/3 | €314,797 | €420,394 | +€105,597 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207 | €0 | -€207 | -100.0% |
| Other operating charges | 640/8 | €1,143 | €1,035 | -€108 | -9.5% |
| Gross operating margin | 9900 | -€4,024 | -€3,373 | +€651 | +16.2% |
| Operating profit (loss) | 9901 | -€5,374 | -€4,408 | +€967 | +18.0% |
| Financial charges | 65/66B | €228 | €561 | +€333 | +146.1% |
| Recurring financial charges | 65 | €228 | €561 | +€333 | +146.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,602 | -€4,969 | +€634 | +11.3% |
| Profit (loss) for the period | 9904 | -€5,602 | -€4,969 | +€634 | +11.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,602 | -€4,969 | +€634 | +11.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.