No-Ci: 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.
No-Ci
Largest movements
- Cash +€53,150
up €53,150 (+189%), from €28,068 to €81,218
mainly Net result for the year (+€36,465) and Other debts (+€25,794)
- Receivables within one year -€9,954
down €9,954 (-74.0%), from €13,458 to €3,503
of which Trade receivables: -€7,901
- Other debts +€25,794
up €25,794 (+1,147%), from €2,249 to €28,043
- Tax, wage and social debts +€7,588
up €7,588 (+137%), from €5,525 to €13,114
- Reserves +€5,512
up €5,512 (+8.1%), from €68,135 to €73,647
- Trade debts +€3,272
up €3,272 (+165%), from €1,987 to €5,258
- Gross operating margin +€8,687
up €8,687 (+18.5%), from €46,884 to €55,571
- Taxes +€2,713
up €2,713 (+23.7%), from €11,449 to €14,163
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 | €80,973 | €123,230 | +€42,258 | +52.2% |
| Fixed assets | 21/28 | €17,147 | €16,270 | -€877 | -5.1% |
| Tangible fixed assets | 22/27 | €17,147 | €16,135 | -€1,012 | -5.9% |
| Plant, machinery and equipment | 23 | €1,126 | €876 | -€250 | -22.2% |
| Furniture and vehicles | 24 | €12,592 | €12,310 | -€282 | -2.2% |
| Other tangible fixed assets | 26 | €3,429 | €2,949 | -€480 | -14.0% |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €63,826 | €106,960 | +€43,134 | +67.6% |
| Stocks and contracts in progress | 3 | €832 | €274 | -€559 | -67.1% |
| Stocks | 30/36 | €832 | €274 | -€559 | -67.1% |
| Amounts receivable within one year | 40/41 | €13,458 | €3,503 | -€9,954 | -74.0% |
| Trade receivables | 40 | €11,282 | €3,380 | -€7,901 | -70.0% |
| Other amounts receivable | 41 | €2,176 | €123 | -€2,053 | -94.3% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,068 | €81,218 | +€53,150 | +189% |
| Deferred charges and accrued income | 490/1 | €1,467 | €1,965 | +€497 | +33.9% |
| Total equity and liabilities | 10/49 | €80,973 | €123,230 | +€42,258 | +52.2% |
| Equity | 10/15 | €71,135 | €76,647 | +€5,512 | +7.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €68,135 | €73,647 | +€5,512 | +8.1% |
| Distributable reserves | 133 | €68,135 | €73,647 | +€5,512 | +8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,837 | €46,583 | +€36,746 | +374% |
| Amounts payable within one year | 42/48 | €9,761 | €46,415 | +€36,654 | +376% |
| Trade debts | 44 | €1,987 | €5,258 | +€3,272 | +165% |
| Suppliers | 440/4 | €1,987 | €5,258 | +€3,272 | +165% |
| Taxes, remuneration and social security | 45 | €5,525 | €13,114 | +€7,588 | +137% |
| Taxes | 450/3 | €5,525 | €13,114 | +€7,588 | +137% |
| Other amounts payable | 47/48 | €2,249 | €28,043 | +€25,794 | +1,147% |
| Accrued charges and deferred income | 492/3 | €76 | €168 | +€92 | +120% |
| Remuneration, social security and pensions | 62 | €150 | €0 | -€150 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,402 | €3,870 | +€468 | +13.8% |
| Other operating charges | 640/8 | €1,216 | €1,640 | +€425 | +34.9% |
| Gross operating margin | 9900 | €46,884 | €55,571 | +€8,687 | +18.5% |
| Operating profit (loss) | 9901 | €42,116 | €50,061 | +€7,945 | +18.9% |
| Financial income | 75/76B | €256 | €697 | +€441 | +172% |
| Recurring financial income | 75 | €256 | €697 | +€441 | +172% |
| Financial charges | 65/66B | €88 | €130 | +€42 | +47.6% |
| Recurring financial charges | 65 | €88 | €130 | +€42 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €42,283 | €50,628 | +€8,344 | +19.7% |
| Income taxes | 67/77 | €11,449 | €14,163 | +€2,713 | +23.7% |
| Profit (loss) for the period | 9904 | €30,834 | €36,465 | +€5,631 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,834 | €36,465 | +€5,631 | +18.3% |
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 21 October 2026 via checked.be.