FIRMA NOLLET: 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.
FIRMA NOLLET
Largest movements
- Cash -€789,382
down €789,382 (-99.9%), from €790,387 to €1,005
mainly Investment in fixed assets (net) (-€600,000) and Stocks and contracts (-€113,592)
- Financial fixed assets +€600,000
up €600,000 (+2,247%), from €26,700 to €626,700
- Stocks and contracts +€113,592
up €113,592 (+8.4%), from €1.3m to €1.5m
- Current investments +€106,268
up €106,268 (+910%), from €11,676 to €117,945
- Receivables within one year +€27,084
up €27,084 (+23.3%), from €116,323 to €143,407
of which Trade receivables: +€26,634
- Trade debts +€114,124
up €114,124 (+643%), from €17,745 to €131,870
- Reserves -€60,213
down €60,213 (-2.6%), from €2.3m to €2.3m
of which Distributable reserves: -€58,976
- Gross operating margin +€79,162
up €79,162 (+212%), from €37,364 to €116,526
- Staff costs -€20,451
down €20,451 (-11.5%), from €177,234 to €156,783
- Depreciation -€10,356
down €10,356 (-52.4%), from €19,775 to €9,419
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 | €2,484,311 | €2,531,593 | +€47,282 | +1.9% |
| Fixed assets | 21/28 | €218,782 | €809,363 | +€590,581 | +270% |
| Intangible fixed assets | 21 | €5,081 | - | -€5,081 | |
| Tangible fixed assets | 22/27 | €187,001 | €182,663 | -€4,339 | -2.3% |
| Land and buildings | 22 | €180,839 | €179,265 | -€1,575 | -0.9% |
| Plant, machinery and equipment | 23 | €3,351 | €1,358 | -€1,993 | -59.5% |
| Furniture and vehicles | 24 | €2,811 | €2,040 | -€771 | -27.4% |
| Financial fixed assets | 28 | €26,700 | €626,700 | +€600,000 | +2,247% |
| Current assets | 29/58 | €2,265,529 | €1,722,230 | -€543,299 | -24.0% |
| Stocks and contracts in progress | 3 | €1,346,282 | €1,459,874 | +€113,592 | +8.4% |
| Stocks | 30/36 | €1,346,282 | €1,459,874 | +€113,592 | +8.4% |
| Amounts receivable within one year | 40/41 | €116,323 | €143,407 | +€27,084 | +23.3% |
| Trade receivables | 40 | €111,631 | €138,265 | +€26,634 | +23.9% |
| Other amounts receivable | 41 | €4,691 | €5,142 | +€451 | +9.6% |
| Current investments | 50/53 | €11,676 | €117,945 | +€106,268 | +910% |
| Cash at bank and in hand | 54/58 | €790,387 | €1,005 | -€789,382 | -99.9% |
| Deferred charges and accrued income | 490/1 | €862 | - | -€862 | |
| Total equity and liabilities | 10/49 | €2,484,311 | €2,531,593 | +€47,282 | +1.9% |
| Equity | 10/15 | €2,442,908 | €2,382,695 | -€60,213 | -2.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €2,342,908 | €2,282,695 | -€60,213 | -2.6% |
| Tax-exempt reserves | 132 | €1,237 | - | -€1,237 | |
| Distributable reserves | 133 | €2,341,671 | €2,282,695 | -€58,976 | -2.5% |
| Provisions and deferred taxes | 16 | €520 | - | -€520 | |
| Deferred taxes | 168 | €520 | - | -€520 | |
| Amounts payable | 17/49 | €40,883 | €148,898 | +€108,015 | +264% |
| Amounts payable within one year | 42/48 | €40,383 | €148,398 | +€108,015 | +267% |
| Trade debts | 44 | €17,745 | €131,870 | +€114,124 | +643% |
| Suppliers | 440/4 | €17,745 | €131,870 | +€114,124 | +643% |
| Taxes, remuneration and social security | 45 | €22,638 | €16,529 | -€6,110 | -27.0% |
| Taxes | 450/3 | - | €9 | +€9 | |
| Remuneration and social security | 454/9 | €22,638 | €16,519 | -€6,119 | -27.0% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €177,234 | €156,783 | -€20,451 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,775 | €9,419 | -€10,356 | -52.4% |
| Other operating charges | 640/8 | €10,699 | €11,012 | +€313 | +2.9% |
| Gross operating margin | 9900 | €37,364 | €116,526 | +€79,162 | +212% |
| Operating profit (loss) | 9901 | -€170,345 | -€60,689 | +€109,656 | +64.4% |
| Financial income | 75/76B | €338 | - | -€338 | |
| Recurring financial income | 75 | €338 | - | -€338 | |
| Financial charges | 65/66B | €57 | €43 | -€13 | -23.0% |
| Recurring financial charges | 65 | €57 | €43 | -€13 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | -€170,064 | -€60,732 | +€109,331 | +64.3% |
| Transfer from deferred taxes | 780 | €474 | €520 | +€46 | +9.6% |
| Profit (loss) for the period | 9904 | -€169,589 | -€60,213 | +€109,377 | +64.5% |
| Transfer from tax-exempt reserves | 789 | €1,129 | €1,237 | +€108 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€168,461 | -€58,976 | +€109,485 | +65.0% |
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 20 October 2026 via checked.be.