NO-ERA: what changed
Two fiscal 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-ERA
Largest movements
- Tangible fixed assets -€15,923
down €15,923 (-47.6%), from €33,467 to €17,544
of which Land and buildings: -€15,723
- Cash -€491
down €491 (-25.0%), from €1,966 to €1,475
mainly Other debts (-€10,872) and Current portion of long-term debt (-€6,349)
- Other debts -€10,872
down €10,872 (-100.0%), from €10,872 to €0
- Current portion of long-term debt -€6,349
down €6,349 (-30.3%), from €20,959 to €14,611
- Profit (loss) carried forward +€4,496
up €4,496 (+11.2%), from -€40,203 to -€35,708
- Debts after one year -€3,738
down €3,738 (-11.5%), from €32,611 to €28,872
of which Financial debts: -€14,611
- Financial charges -€1,096
down €1,096 (-40.2%), from €2,725 to €1,629
- Gross operating margin +€1,091
up €1,091 (+4.4%), from €25,021 to €26,112
- Depreciation -€417
down €417 (-2.6%), from €16,340 to €15,923
- Other operating charges -€273
down €273 (-6.3%), from €4,344 to €4,071
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 | €41,599 | €25,135 | -€16,464 | -39.6% |
| Fixed assets | 21/28 | €33,467 | €17,544 | -€15,923 | -47.6% |
| Tangible fixed assets | 22/27 | €33,467 | €17,544 | -€15,923 | -47.6% |
| Land and buildings | 22 | €33,128 | €17,405 | -€15,723 | -47.5% |
| Plant, machinery and equipment | 23 | €339 | €139 | -€200 | -59.0% |
| Current assets | 29/58 | €8,132 | €7,591 | -€541 | -6.7% |
| Amounts receivable within one year | 40/41 | €6,165 | €6,115 | -€50 | -0.8% |
| Trade receivables | 40 | €50 | €0 | -€50 | -100.0% |
| Other amounts receivable | 41 | €6,115 | €6,115 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,966 | €1,475 | -€491 | -25.0% |
| Total equity and liabilities | 10/49 | €41,599 | €25,135 | -€16,464 | -39.6% |
| Equity | 10/15 | -€23,023 | -€18,528 | +€4,496 | +19.5% |
| Contributions | 10/11 | €15,320 | €15,320 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,203 | -€35,708 | +€4,496 | +11.2% |
| Amounts payable | 17/49 | €64,622 | €43,663 | -€20,959 | -32.4% |
| Amounts payable after more than one year | 17 | €32,611 | €28,872 | -€3,738 | -11.5% |
| Financial debts | 170/4 | €32,611 | €18,000 | -€14,611 | -44.8% |
| Other amounts payable | 178/9 | - | €10,872 | +€10,872 | |
| Amounts payable within one year | 42/48 | €32,011 | €14,791 | -€17,221 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | €20,959 | €14,611 | -€6,349 | -30.3% |
| Financial debts | 43 | €126 | €126 | = | 0.0% |
| Other loans | 439 | €126 | €126 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €54 | €54 | = | 0.0% |
| Taxes | 450/3 | €54 | €54 | = | 0.0% |
| Other amounts payable | 47/48 | €10,872 | €0 | -€10,872 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,340 | €15,923 | -€417 | -2.6% |
| Other operating charges | 640/8 | €4,344 | €4,071 | -€273 | -6.3% |
| Gross operating margin | 9900 | €25,021 | €26,112 | +€1,091 | +4.4% |
| Operating profit (loss) | 9901 | €4,337 | €6,118 | +€1,781 | +41.1% |
| Financial income | 75/76B | €0 | €8 | +€8 | +25333.3% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +25333.3% |
| Financial charges | 65/66B | €2,725 | €1,629 | -€1,096 | -40.2% |
| Recurring financial charges | 65 | €2,725 | €1,629 | -€1,096 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €1,612 | €4,497 | +€2,885 | +179.0% |
| Income taxes | 67/77 | €0 | €2 | +€2 | +16100.0% |
| Profit (loss) for the period | 9904 | €1,612 | €4,496 | +€2,884 | +178.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,612 | €4,496 | +€2,884 | +178.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.