DR. NOURE: 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.
DR. NOURE
Largest movements
- Receivables after one year +€190,223
new in 2025: €190,223
- Receivables within one year -€157,817
down €157,817 (-69.5%), from €226,929 to €69,112
of which Other amounts receivable: -€154,436
- Cash -€17,591
down €17,591 (-69.7%), from €25,236 to €7,646
mainly Receivables after one year (-€190,223) and Contributions, distributions and other (-€150,000)
- Tangible fixed assets -€6,311
down €6,311 (-45.4%), from €13,902 to €7,590
- Tax, wage and social debts +€23,489
up €23,489 (+39.7%), from €59,198 to €82,687
- Profit (loss) carried forward -€20,099
down €20,099 (-54.2%), from €37,077 to €16,978
- Other debts +€10,000
up €10,000 (+7.1%), from €140,000 to €150,000
- Debts after one year -€7,253
down €7,253 (-92.3%), from €7,860 to €608
- Gross operating margin +€13,657
up €13,657 (+8.5%), from €160,372 to €174,028
- Financial income -€4,690
down €4,690 (-42.7%), from €10,988 to €6,298
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,122 | €274,849 | +€6,726 | +2.5% |
| Fixed assets | 21/28 | €14,102 | €7,790 | -€6,311 | -44.8% |
| Tangible fixed assets | 22/27 | €13,902 | €7,590 | -€6,311 | -45.4% |
| Furniture and vehicles | 24 | €13,902 | €7,590 | -€6,311 | -45.4% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €254,021 | €267,058 | +€13,037 | +5.1% |
| Amounts receivable after more than one year | 29 | - | €190,223 | +€190,223 | |
| Trade receivables | 290 | - | €190,223 | +€190,223 | |
| Amounts receivable within one year | 40/41 | €226,929 | €69,112 | -€157,817 | -69.5% |
| Trade receivables | 40 | €36,706 | €33,325 | -€3,381 | -9.2% |
| Other amounts receivable | 41 | €190,223 | €35,787 | -€154,436 | -81.2% |
| Cash at bank and in hand | 54/58 | €25,236 | €7,646 | -€17,591 | -69.7% |
| Deferred charges and accrued income | 490/1 | €1,855 | €77 | -€1,778 | -95.8% |
| Total equity and liabilities | 10/49 | €268,122 | €274,849 | +€6,726 | +2.5% |
| Equity | 10/15 | €39,577 | €19,478 | -€20,099 | -50.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,077 | €16,978 | -€20,099 | -54.2% |
| Amounts payable | 17/49 | €228,546 | €255,371 | +€26,825 | +11.7% |
| Amounts payable after more than one year | 17 | €7,860 | €608 | -€7,253 | -92.3% |
| Financial debts | 170/4 | €7,860 | €608 | -€7,253 | -92.3% |
| Amounts payable within one year | 42/48 | €220,685 | €254,763 | +€34,078 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €7,184 | €7,253 | +€69 | +1.0% |
| Trade debts | 44 | €14,303 | €14,823 | +€520 | +3.6% |
| Suppliers | 440/4 | €14,303 | €14,823 | +€520 | +3.6% |
| Taxes, remuneration and social security | 45 | €59,198 | €82,687 | +€23,489 | +39.7% |
| Taxes | 450/3 | €59,198 | €82,687 | +€23,489 | +39.7% |
| Other amounts payable | 47/48 | €140,000 | €150,000 | +€10,000 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,936 | €7,006 | +€70 | +1.0% |
| Other operating charges | 640/8 | €618 | €638 | +€20 | +3.2% |
| Non-recurring operating charges | 66A | - | €342 | +€342 | |
| Gross operating margin | 9900 | €160,372 | €174,028 | +€13,657 | +8.5% |
| Operating profit (loss) | 9901 | €152,818 | €166,041 | +€13,224 | +8.7% |
| Financial income | 75/76B | €10,988 | €6,298 | -€4,690 | -42.7% |
| Recurring financial income | 75 | €10,988 | €6,298 | -€4,690 | -42.7% |
| Financial charges | 65/66B | €304 | €525 | +€221 | +72.7% |
| Recurring financial charges | 65 | €304 | €525 | +€221 | +72.7% |
| Profit (loss) for the period before taxes | 9903 | €163,502 | €171,814 | +€8,312 | +5.1% |
| Income taxes | 67/77 | €40,774 | €41,913 | +€1,139 | +2.8% |
| Profit (loss) for the period | 9904 | €122,728 | €129,901 | +€7,173 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €122,728 | €129,901 | +€7,173 | +5.8% |
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 10 October 2026 via checked.be.