N.O. CONSULTING: 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.
N.O. CONSULTING
Largest movements
- Stocks and contracts +€581,923
new in 2025: €581,923
- Tangible fixed assets +€288,459
up €288,459 (+59.4%), from €485,675 to €774,134
of which Land and buildings: +€289,911
- Receivables after one year -€36,375
down €36,375 (-100%), from €36,375 to €0
- Receivables within one year +€34,001
up €34,001 (+34.0%), from €100,000 to €134,001
of which Trade receivables: +€32,500
- Short-term financial debts +€465,000
new in 2025: €465,000
- Debts after one year +€257,094
up €257,094 (+57.3%), from €448,375 to €705,470
- Other debts +€116,781
up €116,781 (+119%), from €98,526 to €215,307
- Reserves +€33,125
up €33,125 (+31.8%), from €104,300 to €137,426
- Financial income +€50,000
new in 2025: €50,000
- Gross operating margin +€39,046
up €39,046 (+41.0%), from €95,250 to €134,296
- Financial charges +€37,671
up €37,671 (+292%), from €12,888 to €50,560
- Depreciation +€28,405
up €28,405 (+78.4%), from €36,211 to €64,616
- Other operating charges +€3,861
up €3,861 (+666%), from €579 to €4,441
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 | €791,520 | €1,665,684 | +€874,163 | +110% |
| Fixed assets | 21/28 | €653,319 | €941,778 | +€288,459 | +44.2% |
| Tangible fixed assets | 22/27 | €485,675 | €774,134 | +€288,459 | +59.4% |
| Land and buildings | 22 | €481,323 | €771,234 | +€289,911 | +60.2% |
| Furniture and vehicles | 24 | €4,352 | €2,900 | -€1,452 | -33.4% |
| Financial fixed assets | 28 | €167,644 | €167,644 | = | 0.0% |
| Current assets | 29/58 | €138,201 | €723,906 | +€585,705 | +424% |
| Amounts receivable after more than one year | 29 | €36,375 | €0 | -€36,375 | -100% |
| Other amounts receivable | 291 | €36,375 | €0 | -€36,375 | -100% |
| Stocks and contracts in progress | 3 | - | €581,923 | +€581,923 | |
| Stocks | 30/36 | - | €581,923 | +€581,923 | |
| Amounts receivable within one year | 40/41 | €100,000 | €134,001 | +€34,001 | +34.0% |
| Trade receivables | 40 | €100,000 | €132,500 | +€32,500 | +32.5% |
| Other amounts receivable | 41 | - | €1,501 | +€1,501 | |
| Cash at bank and in hand | 54/58 | €1,826 | €7,981 | +€6,155 | +337% |
| Total equity and liabilities | 10/49 | €791,520 | €1,665,684 | +€874,163 | +110% |
| Equity | 10/15 | €209,130 | €244,639 | +€35,509 | +17.0% |
| Contributions | 10/11 | €107,214 | €107,214 | = | 0.0% |
| Reserves | 13 | €104,300 | €137,426 | +€33,125 | +31.8% |
| Distributable reserves | 133 | €104,300 | €137,426 | +€33,125 | +31.8% |
| Profit (loss) carried forward | 14 | -€2,384 | €0 | +€2,384 | |
| Amounts payable | 17/49 | €582,390 | €1,421,044 | +€838,654 | +144% |
| Amounts payable after more than one year | 17 | €448,375 | €705,470 | +€257,094 | +57.3% |
| Financial debts | 170/4 | €448,375 | €705,470 | +€257,094 | +57.3% |
| Amounts payable within one year | 42/48 | €134,014 | €711,683 | +€577,669 | +431% |
| Current portion of amounts payable after more than one year | 42 | €19,059 | €19,643 | +€584 | +3.1% |
| Financial debts | 43 | - | €465,000 | +€465,000 | |
| Credit institutions | 430/8 | - | €465,000 | +€465,000 | |
| Trade debts | 44 | €2,241 | €1,955 | -€286 | -12.8% |
| Suppliers | 440/4 | €2,241 | €1,955 | -€286 | -12.8% |
| Taxes, remuneration and social security | 45 | €14,189 | €9,779 | -€4,410 | -31.1% |
| Taxes | 450/3 | €14,189 | €9,779 | -€4,410 | -31.1% |
| Other amounts payable | 47/48 | €98,526 | €215,307 | +€116,781 | +119% |
| Accrued charges and deferred income | 492/3 | - | €3,891 | +€3,891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,211 | €64,616 | +€28,405 | +78.4% |
| Other operating charges | 640/8 | €579 | €4,441 | +€3,861 | +666% |
| Gross operating margin | 9900 | €95,250 | €134,296 | +€39,046 | +41.0% |
| Operating profit (loss) | 9901 | €58,460 | €65,239 | +€6,780 | +11.6% |
| Financial income | 75/76B | - | €50,000 | +€50,000 | |
| Recurring financial income | 75 | - | €50,000 | +€50,000 | |
| Financial charges | 65/66B | €12,888 | €50,560 | +€37,671 | +292% |
| Recurring financial charges | 65 | €12,888 | €50,560 | +€37,671 | +292% |
| Profit (loss) for the period before taxes | 9903 | €45,572 | €64,680 | +€19,108 | +41.9% |
| Income taxes | 67/77 | €12,717 | €9,562 | -€3,155 | -24.8% |
| Profit (loss) for the period | 9904 | €32,855 | €55,118 | +€22,263 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,855 | €55,118 | +€22,263 | +67.8% |
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 27 October 2026 via checked.be.