NOVY: 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
NOVY
NACE 27.510, Manufacture of electrical equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7.0m
2024 · €10.4m-€3.4m
Equity
€42.3m
2024 · €50.3m-€8.0m
Cash
€688,313
2024 · €725,942-€37,630
Balance sheet total
€53.8m
2024 · €58.0m-€4.2m
Largest movements
Assets
- Receivables within one year -€4.1m
down €4.1m (-56.0%), from €7.3m to €3.2m
of which Other amounts receivable: -€3.6m
- Current investments +€847,579
up €847,579 (+81.5%), from €1.0m to €1.9m
- Stocks and contracts -€729,657
down €729,657 (-5.2%), from €13.9m to €13.2m
Equity and liabilities
- Reserves -€8.0m
down €8.0m (-20.4%), from €39.5m to €31.5m
of which Distributable reserves: -€8.0m
- Other debts +€3.8m
up €3.8m (+363.0%), from €1.1m to €4.9m
Income statement
- Turnover -€3.4m
down €3.4m (-5.7%), from €59.5m to €56.0m
- Goods and materials -€2.9m
down €2.9m (-11.1%), from €26.2m to €23.3m
of which Purchases: -€3.0m
- Financial income -€2.1m
down €2.1m (-47.4%), from €4.4m to €2.3m
- Write-downs +€1.7m
up €1.7m, from -€1.6m to €34,015
- Other operating charges -€1.3m
down €1.3m (-94.6%), from €1.4m to €75,040
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
€10.4m
Turnover
-€3.4m
Other operating income
+€125,365
Goods and materials
+€2.9m
Services and other goods
+€120,521
Staff costs
-€443,226
Depreciation
+€80,275
Write-downs
-€1.7m
Provisions
-€937,180
Other operating charges
+€1.3m
Other operating items
-€446,478
Financial income
-€2.1m
Financial charges
+€109,517
Taxes
+€880,869
Result 2025
€7.0m
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.
From operations
+€17.6m
Investment
-€2.7m
Financing
-€15.0m
Cash 2024
€725,942
From operations (derived)
+€17.6m
Net result for the year
+€7.0m
Depreciation
+€2.0m
Stocks and contracts
+€729,657
Receivables within one year
+€4.1m
Deferred charges and accrued income
+€17
Provisions
-€198,374
Trade debts
+€122,117
Tax, wage and social debts
-€152,128
Other debts
+€3.8m
Accrued charges and deferred income
+€245,160
Investment (derived)
-€2.7m
Investment in fixed assets (net)
-€1.8m
Current investments
-€847,579
Financing
-€15.0m
Contributions, distributions and other
-€15.0m
Cash 2025
€688,313
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,977,100 | €53,757,880 | -€4.2m | -7.3% |
| Fixed assets | 21/28 | €34,810,113 | €34,581,411 | -€228,702 | -0.7% |
| Intangible fixed assets | 21 | €1,897,899 | €1,359,072 | -€538,828 | -28.4% |
| Tangible fixed assets | 22/27 | €3,261,295 | €3,682,507 | +€421,212 | +12.9% |
| Land and buildings | 22 | €348,260 | €456,030 | +€107,769 | +30.9% |
| Plant, machinery and equipment | 23 | €2,548,793 | €2,077,796 | -€470,997 | -18.5% |
| Furniture and vehicles | 24 | €291,521 | €543,332 | +€251,810 | +86.4% |
| Assets under construction and advance payments | 27 | €72,720 | €605,349 | +€532,629 | +732.4% |
| Financial fixed assets | 28 | €29,650,919 | €29,539,833 | -€111,086 | -0.4% |
| Affiliated companies | 280/1 | €29,630,519 | €29,519,433 | -€111,086 | -0.4% |
| Participating interests | 280 | €25,298,248 | €25,298,248 | = | 0.0% |
| Amounts receivable | 281 | €4,332,271 | €4,221,185 | -€111,086 | -2.6% |
| Other financial fixed assets | 284/8 | €20,400 | €20,400 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €20,400 | €20,400 | = | 0.0% |
| Current assets | 29/58 | €23,166,987 | €19,176,468 | -€4.0m | -17.2% |
| Stocks and contracts in progress | 3 | €13,931,974 | €13,202,317 | -€729,657 | -5.2% |
| Stocks | 30/36 | €13,931,974 | €13,202,317 | -€729,657 | -5.2% |
| Raw materials and consumables | 30/31 | €6,419,653 | €7,658,133 | +€1.2m | +19.3% |
| Work in progress | 32 | €3,537,904 | €1,881,748 | -€1.7m | -46.8% |
| Finished goods | 33 | €1,576,460 | €1,357,642 | -€218,819 | -13.9% |
| Goods purchased for resale | 34 | €2,397,957 | €2,304,795 | -€93,162 | -3.9% |
| Amounts receivable within one year | 40/41 | €7,264,516 | €3,193,723 | -€4.1m | -56.0% |
| Trade receivables | 40 | €2,456,750 | €2,015,377 | -€441,373 | -18.0% |
| Other amounts receivable | 41 | €4,807,766 | €1,178,346 | -€3.6m | -75.5% |
| Current investments | 50/53 | €1,040,000 | €1,887,579 | +€847,579 | +81.5% |
| Other investments | 51/53 | €1,040,000 | €1,887,579 | +€847,579 | +81.5% |
| Cash at bank and in hand | 54/58 | €725,942 | €688,313 | -€37,630 | -5.2% |
| Deferred charges and accrued income | 490/1 | €204,554 | €204,537 | -€17 | 0.0% |
| Total equity and liabilities | 10/49 | €57,977,100 | €53,757,880 | -€4.2m | -7.3% |
| Equity | 10/15 | €50,299,138 | €42,251,246 | -€8.0m | -16.0% |
| Contributions | 10/11 | €10,766,531 | €10,766,531 | = | 0.0% |
| Capital | 10 | €956,913 | €956,913 | = | 0.0% |
| Issued capital | 100 | €956,913 | €956,913 | = | 0.0% |
| Contributions outside capital | 11 | €9,809,617 | €9,809,617 | = | 0.0% |
| Share premium | 1100/10 | €9,809,617 | €9,809,617 | = | 0.0% |
| Reserves | 13 | €39,532,607 | €31,484,715 | -€8.0m | -20.4% |
| Non-distributable reserves | 130/1 | €95,691 | €95,691 | = | 0.0% |
| Legal reserve | 130 | €95,691 | €95,691 | = | 0.0% |
| Tax-exempt reserves | 132 | €121,842 | €121,842 | = | 0.0% |
| Distributable reserves | 133 | €39,315,074 | €31,267,182 | -€8.0m | -20.5% |
| Provisions and deferred taxes | 16 | €1,220,203 | €1,021,829 | -€198,374 | -16.3% |
| Provisions for liabilities and charges | 160/5 | €1,220,203 | €1,021,829 | -€198,374 | -16.3% |
| Pensions and similar obligations | 160 | €129 | €0 | -€129 | -100.0% |
| Other liabilities and charges | 164/5 | €1,220,073 | €1,021,829 | -€198,244 | -16.2% |
| Amounts payable | 17/49 | €6,457,760 | €10,484,805 | +€4.0m | +62.4% |
| Amounts payable within one year | 42/48 | €6,425,136 | €10,207,021 | +€3.8m | +58.9% |
| Trade debts | 44 | €3,548,896 | €3,671,014 | +€122,117 | +3.4% |
| Suppliers | 440/4 | €3,548,896 | €3,671,014 | +€122,117 | +3.4% |
| Taxes, remuneration and social security | 45 | €1,826,240 | €1,674,112 | -€152,128 | -8.3% |
| Taxes | 450/3 | €464,208 | €312,337 | -€151,870 | -32.7% |
| Remuneration and social security | 454/9 | €1,362,032 | €1,361,775 | -€257 | 0.0% |
| Other amounts payable | 47/48 | €1,050,000 | €4,861,895 | +€3.8m | +363.0% |
| Accrued charges and deferred income | 492/3 | €32,624 | €277,784 | +€245,160 | +751.5% |
| Operating income | 70/76A | €58,629,786 | €54,769,293 | -€3.9m | -6.6% |
| Turnover | 70 | €59,454,141 | €56,048,077 | -€3.4m | -5.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,269,848 | -€1,844,953 | -€575,105 | -45.3% |
| Other operating income | 74 | €431,754 | €557,119 | +€125,365 | +29.0% |
| Non-recurring operating income | 76A | €13,738 | €9,050 | -€4,689 | -34.1% |
| Operating charges | 60/66A | €50,373,725 | €48,878,315 | -€1.5m | -3.0% |
| Goods for resale, raw materials and consumables | 60 | €26,198,129 | €23,293,625 | -€2.9m | -11.1% |
| Purchases | 600/8 | €27,458,239 | €24,442,936 | -€3.0m | -11.0% |
| Change in stocks: decrease (increase) | 609 | -€1,260,110 | -€1,149,311 | +€110,799 | +8.8% |
| Services and other goods | 61 | €11,821,183 | €11,700,662 | -€120,521 | -1.0% |
| Remuneration, social security and pensions | 62 | €11,485,533 | €11,928,759 | +€443,226 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,123,965 | €2,043,690 | -€80,275 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,649,790 | €34,015 | +€1.7m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,006,931 | -€69,751 | +€937,180 | +93.1% |
| Other operating charges | 640/8 | €1,396,045 | €75,040 | -€1.3m | -94.6% |
| Non-recurring operating charges | 66A | €5,591 | -€127,725 | -€133,316 | |
| Operating profit (loss) | 9901 | €8,256,061 | €5,890,978 | -€2.4m | -28.6% |
| Financial income | 75/76B | €4,355,955 | €2,289,385 | -€2.1m | -47.4% |
| Recurring financial income | 75 | €4,355,955 | €2,289,385 | -€2.1m | -47.4% |
| Income from financial fixed assets | 750 | €3,950,377 | €2,130,320 | -€1.8m | -46.1% |
| Income from current assets | 751 | €402,569 | €146,217 | -€256,352 | -63.7% |
| Other financial income | 752/9 | €3,009 | €12,847 | +€9,839 | +327.0% |
| Financial charges | 65/66B | €223,052 | €113,534 | -€109,517 | -49.1% |
| Recurring financial charges | 65 | €211,752 | €113,534 | -€98,218 | -46.4% |
| Debt charges | 650 | €181,846 | €42,199 | -€139,647 | -76.8% |
| Other financial charges | 652/9 | €29,907 | €71,336 | +€41,429 | +138.5% |
| Non-recurring financial charges | 66B | €11,299 | €0 | -€11,299 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €12,388,964 | €8,066,828 | -€4.3m | -34.9% |
| Income taxes | 67/77 | €1,995,589 | €1,114,720 | -€880,869 | -44.1% |
| Taxes | 670/3 | €1,995,589 | €1,172,727 | -€822,862 | -41.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €58,007 | +€58,007 | |
| Profit (loss) for the period | 9904 | €10,393,375 | €6,952,108 | -€3.4m | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,393,375 | €6,952,108 | -€3.4m | -33.1% |
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 11 October 2026 via checked.be.