THINK NOVA: 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
THINK NOVA
NACE 58.130, Publishing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€32,477
2024 · -€88,942+€121,419
Equity
-€26,344
2024 · -€58,821+€32,477
Cash
€12,453
2024 · €11,251+€1,202
Balance sheet total
€732,908
2024 · €714,430+€18,478
Largest movements
Assets
- Tangible fixed assets -€49,798
down €49,798 (-7.8%), from €642,086 to €592,288
of which Land and buildings: -€31,309
- Intangible fixed assets +€40,058
up €40,058 (+174%), from €23,059 to €63,117
- Receivables within one year +€27,461
up €27,461 (+103%), from €26,775 to €54,236
of which Other amounts receivable: +€17,235
Equity and liabilities
- Trade debts +€43,505
up €43,505 (+49.7%), from €87,539 to €131,045
- Debts after one year -€33,785
down €33,785 (-5.6%), from €600,290 to €566,505
- Profit (loss) carried forward +€32,477
up €32,477 (+25.6%), from -€127,075 to -€94,598
- Accrued charges and deferred income -€26,375
down €26,375 (-62.5%), from €42,179 to €15,804
Income statement
- Gross operating margin +€154,016
up €154,016 (+416%), from €37,030 to €191,046
- Staff costs +€34,402
up €34,402 (+73.2%), from €46,990 to €81,392
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
-€88,942
Gross operating margin
+€154,016
Staff costs
-€34,402
Depreciation
+€949
Other operating charges
+€1,243
Financial income
-€306
Financial charges
-€431
Taxes
+€350
Result 2025
€32,477
raises the resultlowers the result
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.
From operations
+€90,319
Investment
-€53,732
Financing
-€35,385
Cash 2024
€11,251
From operations (derived)
+€90,319
Net result for the year
+€32,477
Depreciation
+€63,420
Receivables within one year
-€27,461
Deferred charges and accrued income
+€496
Trade debts
+€43,505
Tax, wage and social debts
+€4,255
Accrued charges and deferred income
-€26,375
Investment (derived)
-€53,732
Investment in fixed assets (net)
-€53,732
Financing
-€35,385
Debts after one year
-€33,785
Current portion of long-term debt
+€3,327
Short-term financial debts
-€4,926
Cash 2025
€12,453
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €714,430 | €732,908 | +€18,478 | +2.6% |
| Fixed assets | 21/28 | €665,145 | €655,456 | -€9,689 | -1.5% |
| Intangible fixed assets | 21 | €23,059 | €63,117 | +€40,058 | +174% |
| Tangible fixed assets | 22/27 | €642,086 | €592,288 | -€49,798 | -7.8% |
| Land and buildings | 22 | €614,540 | €583,231 | -€31,309 | -5.1% |
| Plant, machinery and equipment | 23 | €7,111 | €4,433 | -€2,677 | -37.7% |
| Furniture and vehicles | 24 | €7,949 | - | -€7,949 | |
| Leasing and similar rights | 25 | - | €4,624 | +€4,624 | |
| Other tangible fixed assets | 26 | €12,486 | - | -€12,486 | |
| Financial fixed assets | 28 | - | €52 | +€52 | |
| Current assets | 29/58 | €49,285 | €77,452 | +€28,167 | +57.2% |
| Amounts receivable within one year | 40/41 | €26,775 | €54,236 | +€27,461 | +103% |
| Trade receivables | 40 | €22,881 | €33,106 | +€10,225 | +44.7% |
| Other amounts receivable | 41 | €3,895 | €21,130 | +€17,235 | +443% |
| Cash at bank and in hand | 54/58 | €11,251 | €12,453 | +€1,202 | +10.7% |
| Deferred charges and accrued income | 490/1 | €11,259 | €10,763 | -€496 | -4.4% |
| Total equity and liabilities | 10/49 | €714,430 | €732,908 | +€18,478 | +2.6% |
| Equity | 10/15 | -€58,821 | -€26,344 | +€32,477 | +55.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,254 | €6,254 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €54 | €54 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,075 | -€94,598 | +€32,477 | +25.6% |
| Amounts payable | 17/49 | €773,251 | €759,252 | -€13,999 | -1.8% |
| Amounts payable after more than one year | 17 | €600,290 | €566,505 | -€33,785 | -5.6% |
| Financial debts | 170/4 | €600,290 | €566,505 | -€33,785 | -5.6% |
| Amounts payable within one year | 42/48 | €130,782 | €176,943 | +€46,161 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €33,249 | €36,576 | +€3,327 | +10.0% |
| Financial debts | 43 | €4,926 | - | -€4,926 | |
| Credit institutions | 430/8 | €4,926 | - | -€4,926 | |
| Trade debts | 44 | €87,539 | €131,045 | +€43,505 | +49.7% |
| Suppliers | 440/4 | €87,539 | €131,045 | +€43,505 | +49.7% |
| Taxes, remuneration and social security | 45 | €5,067 | €9,322 | +€4,255 | +84.0% |
| Taxes | 450/3 | €280 | €1,048 | +€768 | +274% |
| Remuneration and social security | 454/9 | €4,787 | €8,274 | +€3,487 | +72.8% |
| Accrued charges and deferred income | 492/3 | €42,179 | €15,804 | -€26,375 | -62.5% |
| Remuneration, social security and pensions | 62 | €46,990 | €81,392 | +€34,402 | +73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,369 | €63,420 | -€949 | -1.5% |
| Other operating charges | 640/8 | €3,177 | €1,934 | -€1,243 | -39.1% |
| Gross operating margin | 9900 | €37,030 | €191,046 | +€154,016 | +416% |
| Operating profit (loss) | 9901 | -€77,506 | €44,300 | +€121,805 | |
| Financial income | 75/76B | €764 | €458 | -€306 | -40.0% |
| Recurring financial income | 75 | €764 | €458 | -€306 | -40.0% |
| Financial charges | 65/66B | €11,735 | €12,165 | +€431 | +3.7% |
| Recurring financial charges | 65 | €11,735 | €12,165 | +€431 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | -€88,476 | €32,593 | +€121,069 | |
| Income taxes | 67/77 | €465 | €115 | -€350 | -75.3% |
| Profit (loss) for the period | 9904 | -€88,942 | €32,477 | +€121,419 | |
| Profit (loss) for the period to be appropriated | 9905 | -€88,942 | €32,477 | +€121,419 |
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 26 October 2026 via checked.be.