De Nollin: 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.
De Nollin
Largest movements
- Tangible fixed assets -€42,263
down €42,263 (-4.5%), from €935,022 to €892,759
- Receivables within one year +€21,417
up €21,417 (+298%), from €7,190 to €28,607
- Cash -€19,587
down €19,587 (-94.6%), from €20,694 to €1,107
mainly Net result for the year (-€25,069) and Receivables within one year (-€21,417)
- Current investments +€12,368
up €12,368 (+4.9%), from €253,654 to €266,022
- Reserves -€25,928
down €25,928 (-2.2%), from €1.2m to €1.2m
of which Distributable reserves: -€25,928
- Gross operating margin -€82,327
down €82,327 (-91.3%), from €90,207 to €7,880
- Financial income +€12,393
up €12,393 (+192%), from €6,463 to €18,856
- Taxes -€3,720
down €3,720 (-100%), from €3,720 to €0
- Other operating charges -€3,199
down €3,199 (-72.4%), from €4,417 to €1,218
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 | €1,216,561 | €1,188,496 | -€28,065 | -2.3% |
| Fixed assets | 21/28 | €935,022 | €892,759 | -€42,263 | -4.5% |
| Tangible fixed assets | 22/27 | €935,022 | €892,759 | -€42,263 | -4.5% |
| Land and buildings | 22 | €935,022 | €892,759 | -€42,263 | -4.5% |
| Current assets | 29/58 | €281,539 | €295,736 | +€14,198 | +5.0% |
| Amounts receivable within one year | 40/41 | €7,190 | €28,607 | +€21,417 | +298% |
| Other amounts receivable | 41 | €7,190 | €28,607 | +€21,417 | +298% |
| Current investments | 50/53 | €253,654 | €266,022 | +€12,368 | +4.9% |
| Cash at bank and in hand | 54/58 | €20,694 | €1,107 | -€19,587 | -94.6% |
| Total equity and liabilities | 10/49 | €1,216,561 | €1,188,496 | -€28,065 | -2.3% |
| Equity | 10/15 | €1,212,656 | €1,186,729 | -€25,928 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,194,056 | €1,168,129 | -€25,928 | -2.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,192,197 | €1,166,269 | -€25,928 | -2.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,905 | €1,767 | -€2,138 | -54.7% |
| Amounts payable within one year | 42/48 | €3,905 | €1,767 | -€2,138 | -54.7% |
| Trade debts | 44 | €1,357 | €1,767 | +€410 | +30.2% |
| Suppliers | 440/4 | €1,357 | €1,767 | +€410 | +30.2% |
| Taxes, remuneration and social security | 45 | €2,548 | €0 | -€2,548 | -100% |
| Taxes | 450/3 | €2,548 | €0 | -€2,548 | -100% |
| Non-recurring operating income | 76A | €101,756 | €0 | -€101,756 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,521 | €50,140 | +€618 | +1.2% |
| Other operating charges | 640/8 | €4,417 | €1,218 | -€3,199 | -72.4% |
| Gross operating margin | 9900 | €90,207 | €7,880 | -€82,327 | -91.3% |
| Operating profit (loss) | 9901 | €36,269 | -€43,478 | -€79,747 | |
| Financial income | 75/76B | €6,463 | €18,856 | +€12,393 | +192% |
| Recurring financial income | 75 | €6,463 | €18,856 | +€12,393 | +192% |
| Financial charges | 65/66B | €1,330 | €446 | -€883 | -66.4% |
| Recurring financial charges | 65 | €1,330 | €446 | -€883 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €41,402 | -€25,069 | -€66,470 | |
| Income taxes | 67/77 | €3,720 | €0 | -€3,720 | -100% |
| Profit (loss) for the period | 9904 | €37,681 | -€25,069 | -€62,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,681 | -€25,069 | -€62,750 |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.