ALICE NOLAN: 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.
ALICE NOLAN
Largest movements
- Cash +€138,080
up €138,080 (+241%), from €57,255 to €195,335
mainly Net result for the year (+€139,866) and Other debts (+€78,348)
- Receivables within one year -€12,424
down €12,424 (-93.2%), from €13,327 to €903
of which Other amounts receivable: -€13,327
- Receivables after one year -€12,000
down €12,000 (-100%), from €12,000 to €0
- Other debts +€78,348
up €78,348 (+133%), from €59,028 to €137,376
- Tax, wage and social debts +€35,141
up €35,141 (+170%), from €20,638 to €55,779
- Gross operating margin +€101,484
up €101,484 (+125%), from €81,361 to €182,845
- Taxes +€25,393
up €25,393 (+152%), from €16,691 to €42,084
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 | €83,840 | €197,197 | +€113,357 | +135% |
| Fixed assets | 21/28 | €1,258 | €959 | -€299 | -23.8% |
| Tangible fixed assets | 22/27 | €1,258 | €959 | -€299 | -23.8% |
| Furniture and vehicles | 24 | €1,258 | €959 | -€299 | -23.8% |
| Current assets | 29/58 | €82,582 | €196,238 | +€113,656 | +138% |
| Amounts receivable after more than one year | 29 | €12,000 | €0 | -€12,000 | -100% |
| Other amounts receivable | 291 | €12,000 | €0 | -€12,000 | -100% |
| Amounts receivable within one year | 40/41 | €13,327 | €903 | -€12,424 | -93.2% |
| Trade receivables | 40 | - | €903 | +€903 | |
| Other amounts receivable | 41 | €13,327 | €0 | -€13,327 | -100% |
| Cash at bank and in hand | 54/58 | €57,255 | €195,335 | +€138,080 | +241% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €83,840 | €197,197 | +€113,357 | +135% |
| Equity | 10/15 | €4,000 | €4,000 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,840 | €193,197 | +€113,357 | +142% |
| Amounts payable within one year | 42/48 | €79,840 | €193,197 | +€113,357 | +142% |
| Trade debts | 44 | €175 | €42 | -€132 | -75.8% |
| Suppliers | 440/4 | €175 | €42 | -€132 | -75.8% |
| Taxes, remuneration and social security | 45 | €20,638 | €55,779 | +€35,141 | +170% |
| Taxes | 450/3 | €20,638 | €55,779 | +€35,141 | +170% |
| Other amounts payable | 47/48 | €59,028 | €137,376 | +€78,348 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | €299 | +€62 | +26.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €81,361 | €182,845 | +€101,484 | +125% |
| Operating profit (loss) | 9901 | €80,737 | €182,146 | +€101,410 | +126% |
| Financial income | 75/76B | €765 | €0 | -€765 | -100% |
| Recurring financial income | 75 | €765 | €0 | -€765 | -100% |
| Financial charges | 65/66B | €175 | €197 | +€21 | +12.0% |
| Recurring financial charges | 65 | €175 | €197 | +€21 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €81,327 | €181,950 | +€100,623 | +124% |
| Income taxes | 67/77 | €16,691 | €42,084 | +€25,393 | +152% |
| Profit (loss) for the period | 9904 | €64,636 | €139,866 | +€75,230 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €64,636 | €139,866 | +€75,230 | +116% |
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.