AREA 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.
AREA NOVA
Largest movements
- Financial fixed assets -€436,026
down €436,026 (-100%), from €436,026 to €0
- Cash +€412,792
up €412,792 (+2,387%), from €17,291 to €430,083
mainly Investment in fixed assets (net) (+€436,026) and Net result for the year (+€108,306)
- Tangible fixed assets -€9,697
down €9,697 (-5.7%), from €169,800 to €160,103
of which Land and buildings: -€8,990
- Reserves +€108,306
up €108,306 (+46.0%), from €235,569 to €343,875
of which Distributable reserves: +€108,306
- Debts after one year -€108,179
down €108,179 (-44.3%), from €244,380 to €136,201
of which Other amounts payable: -€100,000
- Other debts -€40,652
down €40,652 (-30.1%), from €135,050 to €94,399
- Financial income +€92,134
up €92,134 (+374%), from €24,614 to €116,748
of which Non-recurring financial income: +€88,674
- Gross operating margin -€22,564
down €22,564 (-65.6%), from €34,399 to €11,834
- Taxes -€3,054
down €3,054 (-92.2%), from €3,314 to €259
- Other operating charges -€2,347
down €2,347 (-47.9%), from €4,902 to €2,555
- Depreciation +€1,557
up €1,557 (+19.1%), from €8,140 to €9,697
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 | €648,198 | €611,092 | -€37,106 | -5.7% |
| Fixed assets | 21/28 | €605,826 | €160,103 | -€445,723 | -73.6% |
| Tangible fixed assets | 22/27 | €169,800 | €160,103 | -€9,697 | -5.7% |
| Land and buildings | 22 | €167,124 | €158,135 | -€8,990 | -5.4% |
| Plant, machinery and equipment | 23 | €1,758 | €1,571 | -€187 | -10.7% |
| Furniture and vehicles | 24 | €918 | €398 | -€520 | -56.7% |
| Financial fixed assets | 28 | €436,026 | €0 | -€436,026 | -100% |
| Current assets | 29/58 | €42,372 | €450,988 | +€408,617 | +964% |
| Amounts receivable within one year | 40/41 | €24,249 | €20,074 | -€4,175 | -17.2% |
| Trade receivables | 40 | €18,582 | €8,318 | -€10,265 | -55.2% |
| Other amounts receivable | 41 | €5,667 | €11,756 | +€6,090 | +107% |
| Cash at bank and in hand | 54/58 | €17,291 | €430,083 | +€412,792 | +2,387% |
| Deferred charges and accrued income | 490/1 | €832 | €831 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €648,198 | €611,092 | -€37,106 | -5.7% |
| Equity | 10/15 | €254,169 | €362,475 | +€108,306 | +42.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €235,569 | €343,875 | +€108,306 | +46.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €235,569 | €343,875 | +€108,306 | +46.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €394,029 | €248,617 | -€145,412 | -36.9% |
| Amounts payable after more than one year | 17 | €244,380 | €136,201 | -€108,179 | -44.3% |
| Financial debts | 170/4 | €144,380 | €136,201 | -€8,179 | -5.7% |
| Other amounts payable | 178/9 | €100,000 | €0 | -€100,000 | -100% |
| Amounts payable within one year | 42/48 | €149,649 | €112,416 | -€37,233 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €7,838 | €8,180 | +€342 | +4.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,101 | €1,344 | -€757 | -36.0% |
| Suppliers | 440/4 | €2,101 | €1,344 | -€757 | -36.0% |
| Taxes, remuneration and social security | 45 | €4,660 | €8,494 | +€3,834 | +82.3% |
| Taxes | 450/3 | €2,467 | €6,304 | +€3,836 | +155% |
| Remuneration and social security | 454/9 | €2,193 | €2,190 | -€3 | -0.1% |
| Other amounts payable | 47/48 | €135,050 | €94,399 | -€40,652 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,140 | €9,697 | +€1,557 | +19.1% |
| Other operating charges | 640/8 | €4,902 | €2,555 | -€2,347 | -47.9% |
| Non-recurring operating charges | 66A | - | €986 | +€986 | |
| Gross operating margin | 9900 | €34,399 | €11,834 | -€22,564 | -65.6% |
| Operating profit (loss) | 9901 | €21,357 | -€1,403 | -€22,760 | |
| Financial income | 75/76B | €24,614 | €116,748 | +€92,134 | +374% |
| Recurring financial income | 75 | €24,614 | €28,074 | +€3,460 | +14.1% |
| Non-recurring financial income | 76B | - | €88,674 | +€88,674 | |
| Financial charges | 65/66B | €7,815 | €6,780 | -€1,035 | -13.2% |
| Recurring financial charges | 65 | €7,815 | €6,780 | -€1,035 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €38,156 | €108,565 | +€70,409 | +185% |
| Income taxes | 67/77 | €3,314 | €259 | -€3,054 | -92.2% |
| Profit (loss) for the period | 9904 | €34,842 | €108,306 | +€73,463 | +211% |
| Profit (loss) for the period to be appropriated | 9905 | €34,842 | €108,306 | +€73,463 | +211% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.