N.O.S. Projects: 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.
What changed
N.O.S. Projects
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€347,044
2024 · €244,157+€102,887
Equity
€1.8m
2024 · €1.5m+€347,044
Cash
€266,020
2024 · €261,277+€4,743
Balance sheet total
€2.2m
2024 · €2.0m+€203,215
Largest movements
Assets
- Current investments +€149,617
up €149,617 (+33.2%), from €450,000 to €599,617
- Receivables within one year +€85,457
up €85,457 (+142%), from €60,342 to €145,799
of which Other amounts receivable: +€81,902
- Tangible fixed assets -€31,459
down €31,459 (-4.9%), from €636,197 to €604,738
of which Land and buildings: -€16,482
Equity and liabilities
- Reserves +€347,044
up €347,044 (+23.5%), from €1.5m to €1.8m
of which Distributable reserves: +€178,644
- Debts after one year -€149,209
down €149,209 (-34.9%), from €426,942 to €277,733
Income statement
- Gross operating margin +€193,664
up €193,664 (+108%), from €178,960 to €372,624
- Taxes +€49,466
up €49,466 (+102%), from €48,546 to €98,012
- Financial income -€40,394
down €40,394 (-25.3%), from €159,512 to €119,118
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.
Result 2024
€244,157
Gross operating margin
+€193,664
Depreciation
-€469
Provisions
+€2,000
Other operating charges
+€622
Financial income
-€40,394
Financial charges
-€3,069
Taxes
-€49,466
Result 2025
€347,044
raises the resultlowers the result
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.
From operations
+€302,437
Investment
-€149,617
Financing
-€148,077
Cash 2024
€261,277
From operations (derived)
+€302,437
Net result for the year
+€347,044
Depreciation
+€31,459
Receivables after one year
-€5,000
Receivables within one year
-€85,457
Deferred charges and accrued income
+€10,143
Provisions
-€2,000
Trade debts
-€1,151
Tax, wage and social debts
+€10,983
Accrued charges and deferred income
-€3,584
Investment (derived)
-€149,617
Current investments
-€149,617
Financing
-€148,077
Debts after one year
-€149,209
Current portion of long-term debt
+€1,131
Cash 2025
€266,020
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,000,784 | €2,203,999 | +€203,215 | +10.2% |
| Fixed assets | 21/28 | €1,111,197 | €1,079,738 | -€31,459 | -2.8% |
| Tangible fixed assets | 22/27 | €636,197 | €604,738 | -€31,459 | -4.9% |
| Land and buildings | 22 | €596,883 | €580,401 | -€16,482 | -2.8% |
| Furniture and vehicles | 24 | €39,314 | €24,337 | -€14,977 | -38.1% |
| Financial fixed assets | 28 | €475,000 | €475,000 | = | 0.0% |
| Current assets | 29/58 | €889,587 | €1,124,261 | +€234,674 | +26.4% |
| Amounts receivable after more than one year | 29 | €102,174 | €107,174 | +€5,000 | +4.9% |
| Other amounts receivable | 291 | €102,174 | €107,174 | +€5,000 | +4.9% |
| Amounts receivable within one year | 40/41 | €60,342 | €145,799 | +€85,457 | +142% |
| Trade receivables | 40 | €26,794 | €30,349 | +€3,555 | +13.3% |
| Other amounts receivable | 41 | €33,548 | €115,451 | +€81,902 | +244% |
| Current investments | 50/53 | €450,000 | €599,617 | +€149,617 | +33.2% |
| Cash at bank and in hand | 54/58 | €261,277 | €266,020 | +€4,743 | +1.8% |
| Deferred charges and accrued income | 490/1 | €15,794 | €5,651 | -€10,143 | -64.2% |
| Total equity and liabilities | 10/49 | €2,000,784 | €2,203,999 | +€203,215 | +10.2% |
| Equity | 10/15 | €1,497,676 | €1,844,721 | +€347,044 | +23.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,477,676 | €1,824,721 | +€347,044 | +23.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €79,990 | €248,390 | +€168,400 | +211% |
| Distributable reserves | 133 | €1,397,686 | €1,576,331 | +€178,644 | +12.8% |
| Provisions and deferred taxes | 16 | €2,000 | €0 | -€2,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €2,000 | €0 | -€2,000 | -100% |
| Pensions and similar obligations | 160 | €2,000 | €0 | -€2,000 | -100% |
| Amounts payable | 17/49 | €501,107 | €359,278 | -€141,829 | -28.3% |
| Amounts payable after more than one year | 17 | €426,942 | €277,733 | -€149,209 | -34.9% |
| Financial debts | 170/4 | €426,942 | €277,733 | -€149,209 | -34.9% |
| Amounts payable within one year | 42/48 | €64,501 | €75,465 | +€10,964 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €51,269 | €52,401 | +€1,131 | +2.2% |
| Trade debts | 44 | €4,627 | €3,476 | -€1,151 | -24.9% |
| Suppliers | 440/4 | €4,627 | €3,476 | -€1,151 | -24.9% |
| Taxes, remuneration and social security | 45 | €7,045 | €18,028 | +€10,983 | +156% |
| Taxes | 450/3 | €6,487 | €18,028 | +€11,541 | +178% |
| Remuneration and social security | 454/9 | €557 | €0 | -€557 | -100% |
| Other amounts payable | 47/48 | €1,560 | €1,560 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,665 | €6,081 | -€3,584 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,990 | €31,459 | +€469 | +1.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€2,000 | -€2,000 | |
| Other operating charges | 640/8 | €5,669 | €5,047 | -€622 | -11.0% |
| Gross operating margin | 9900 | €178,960 | €372,624 | +€193,664 | +108% |
| Operating profit (loss) | 9901 | €142,302 | €338,118 | +€195,816 | +138% |
| Financial income | 75/76B | €159,512 | €119,118 | -€40,394 | -25.3% |
| Recurring financial income | 75 | €159,512 | €119,118 | -€40,394 | -25.3% |
| Financial charges | 65/66B | €9,110 | €12,179 | +€3,069 | +33.7% |
| Recurring financial charges | 65 | €9,110 | €12,179 | +€3,069 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €292,703 | €445,056 | +€152,353 | +52.1% |
| Income taxes | 67/77 | €48,546 | €98,012 | +€49,466 | +102% |
| Profit (loss) for the period | 9904 | €244,157 | €347,044 | +€102,887 | +42.1% |
| Transfer to tax-exempt reserves | 689 | €79,990 | €168,400 | +€88,410 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €164,167 | €178,644 | +€14,477 | +8.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.