NOVUTECH: 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.
NOVUTECH
Largest movements
- Receivables within one year -€2.4m
down €2.4m (-81.2%), from €3.0m to €562,477
of which Trade receivables: -€1.2m
- Deferred charges and accrued income +€139,945
up €139,945 (+189%), from €74,143 to €214,088
- Cash +€47,792
up €47,792 (+34.8%), from €137,523 to €185,315
mainly Receivables within one year (+€2.4m) and Accrued charges and deferred income (+€146,484)
- Trade debts -€1.6m
down €1.6m (-82.2%), from €1.9m to €344,822
- Other debts -€426,779
down €426,779 (-73.4%), from €581,789 to €155,009
- Profit (loss) carried forward -€268,501
down €268,501, from €72,313 to -€196,188
- Accrued charges and deferred income +€146,484
up €146,484 (+12,265%), from €1,194 to €147,678
- Debts after one year -€111,845
down €111,845 (-23.4%), from €478,965 to €367,121
of which Other amounts payable: -€100,000
- Gross operating margin +€384,933
up €384,933 (+31.7%), from €1.2m to €1.6m
- Staff costs +€171,344
up €171,344 (+14.4%), from €1.2m to €1.4m
- Financial income -€25,484
down €25,484 (-98.0%), from €26,002 to €517
- Financial charges +€16,304
up €16,304 (+70.5%), from €23,135 to €39,439
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 | €3,330,375 | €1,070,153 | -€2.3m | -67.9% |
| Fixed assets | 21/28 | €128,951 | €108,272 | -€20,679 | -16.0% |
| Intangible fixed assets | 21 | €22,725 | €14,975 | -€7,750 | -34.1% |
| Tangible fixed assets | 22/27 | €85,164 | €72,235 | -€12,929 | -15.2% |
| Plant, machinery and equipment | 23 | €16,086 | €20,376 | +€4,290 | +26.7% |
| Furniture and vehicles | 24 | €69,078 | €48,997 | -€20,080 | -29.1% |
| Other tangible fixed assets | 26 | - | €2,862 | +€2,862 | |
| Financial fixed assets | 28 | €21,062 | €21,062 | = | 0.0% |
| Current assets | 29/58 | €3,201,424 | €961,880 | -€2.2m | -70.0% |
| Amounts receivable within one year | 40/41 | €2,989,758 | €562,477 | -€2.4m | -81.2% |
| Trade receivables | 40 | €1,510,287 | €261,267 | -€1.2m | -82.7% |
| Other amounts receivable | 41 | €1,479,471 | €301,210 | -€1.2m | -79.6% |
| Cash at bank and in hand | 54/58 | €137,523 | €185,315 | +€47,792 | +34.8% |
| Deferred charges and accrued income | 490/1 | €74,143 | €214,088 | +€139,945 | +189% |
| Total equity and liabilities | 10/49 | €3,330,375 | €1,070,153 | -€2.3m | -67.9% |
| Equity | 10/15 | €74,813 | -€193,688 | -€268,501 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,313 | -€196,188 | -€268,501 | |
| Amounts payable | 17/49 | €3,255,562 | €1,263,841 | -€2.0m | -61.2% |
| Amounts payable after more than one year | 17 | €478,965 | €367,121 | -€111,845 | -23.4% |
| Financial debts | 170/4 | €11,845 | - | -€11,845 | |
| Other amounts payable | 178/9 | €467,121 | €367,121 | -€100,000 | -21.4% |
| Amounts payable within one year | 42/48 | €2,775,403 | €749,042 | -€2.0m | -73.0% |
| Current portion of amounts payable after more than one year | 42 | €69,246 | €101,819 | +€32,573 | +47.0% |
| Trade debts | 44 | €1,934,150 | €344,822 | -€1.6m | -82.2% |
| Suppliers | 440/4 | €1,934,150 | €344,822 | -€1.6m | -82.2% |
| Taxes, remuneration and social security | 45 | €190,217 | €147,392 | -€42,825 | -22.5% |
| Taxes | 450/3 | €66,649 | - | -€66,649 | |
| Remuneration and social security | 454/9 | €123,568 | €147,392 | +€23,824 | +19.3% |
| Other amounts payable | 47/48 | €581,789 | €155,009 | -€426,779 | -73.4% |
| Accrued charges and deferred income | 492/3 | €1,194 | €147,678 | +€146,484 | +12,265% |
| Non-recurring operating income | 76A | - | €138,000 | +€138,000 | |
| Remuneration, social security and pensions | 62 | €1,193,419 | €1,364,763 | +€171,344 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,946 | €39,866 | +€3,920 | +10.9% |
| Other operating charges | 640/8 | €2,565 | €1,085 | -€1,480 | -57.7% |
| Non-recurring operating charges | 66A | - | €420,553 | +€420,553 | |
| Gross operating margin | 9900 | €1,213,328 | €1,598,261 | +€384,933 | +31.7% |
| Operating profit (loss) | 9901 | -€18,602 | -€228,005 | -€209,403 | -1,126% |
| Financial income | 75/76B | €26,002 | €517 | -€25,484 | -98.0% |
| Recurring financial income | 75 | €26,002 | €517 | -€25,484 | -98.0% |
| Financial charges | 65/66B | €23,135 | €39,439 | +€16,304 | +70.5% |
| Recurring financial charges | 65 | €23,135 | €39,439 | +€16,304 | +70.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,735 | -€266,926 | -€251,191 | -1,596% |
| Income taxes | 67/77 | €12,622 | €1,575 | -€11,047 | -87.5% |
| Profit (loss) for the period | 9904 | -€28,357 | -€268,501 | -€240,144 | -847% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,357 | -€268,501 | -€240,144 | -847% |
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 17 October 2026 via checked.be.