NO-HA: 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-HA
Largest movements
- Cash -€26,585
down €26,585 (-21.4%), from €124,498 to €97,913
mainly Trade debts (-€51,931) and Other debts (-€39,505)
- Stocks and contracts -€19,441
down €19,441 (-18.0%), from €108,170 to €88,728
- Tangible fixed assets -€16,279
down €16,279 (-23.8%), from €68,307 to €52,028
of which Furniture and vehicles: -€14,922
- Receivables within one year -€3,937
down €3,937 (-9.5%), from €41,477 to €37,541
of which Other amounts receivable: -€6,468
- Trade debts -€51,931
down €51,931 (-75.8%), from €68,477 to €16,547
- Other debts -€39,505
down €39,505 (-69.4%), from €56,948 to €17,443
- Reserves +€22,391
up €22,391 (+12.0%), from €186,594 to €208,985
- Gross operating margin +€5,156
up €5,156 (+5.7%), from €89,847 to €95,003
- Staff costs +€2,606
up €2,606 (+7.6%), from €34,148 to €36,753
- Other operating charges +€1,359
up €1,359 (+49.4%), from €2,753 to €4,112
- Taxes +€964
up €964 (+7.9%), from €12,214 to €13,178
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 | €347,073 | €279,347 | -€67,726 | -19.5% |
| Fixed assets | 21/28 | €69,652 | €52,028 | -€17,625 | -25.3% |
| Intangible fixed assets | 21 | €1,346 | - | -€1,346 | |
| Tangible fixed assets | 22/27 | €68,307 | €52,028 | -€16,279 | -23.8% |
| Land and buildings | 22 | €947 | €749 | -€198 | -20.9% |
| Plant, machinery and equipment | 23 | €10,454 | €9,294 | -€1,160 | -11.1% |
| Furniture and vehicles | 24 | €56,907 | €41,985 | -€14,922 | -26.2% |
| Current assets | 29/58 | €277,421 | €227,319 | -€50,102 | -18.1% |
| Stocks and contracts in progress | 3 | €108,170 | €88,728 | -€19,441 | -18.0% |
| Stocks | 30/36 | €108,170 | €88,728 | -€19,441 | -18.0% |
| Amounts receivable within one year | 40/41 | €41,477 | €37,541 | -€3,937 | -9.5% |
| Trade receivables | 40 | €33,409 | €35,941 | +€2,532 | +7.6% |
| Other amounts receivable | 41 | €8,068 | €1,600 | -€6,468 | -80.2% |
| Cash at bank and in hand | 54/58 | €124,498 | €97,913 | -€26,585 | -21.4% |
| Deferred charges and accrued income | 490/1 | €3,276 | €3,137 | -€138 | -4.2% |
| Total equity and liabilities | 10/49 | €347,073 | €279,347 | -€67,726 | -19.5% |
| Equity | 10/15 | €205,194 | €227,585 | +€22,391 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,594 | €208,985 | +€22,391 | +12.0% |
| Distributable reserves | 133 | €186,594 | €208,985 | +€22,391 | +12.0% |
| Amounts payable | 17/49 | €141,880 | €51,762 | -€90,117 | -63.5% |
| Amounts payable within one year | 42/48 | €141,880 | €49,780 | -€92,100 | -64.9% |
| Trade debts | 44 | €68,477 | €16,547 | -€51,931 | -75.8% |
| Suppliers | 440/4 | €68,477 | €16,547 | -€51,931 | -75.8% |
| Taxes, remuneration and social security | 45 | €16,454 | €15,790 | -€664 | -4.0% |
| Taxes | 450/3 | €8,872 | €7,821 | -€1,051 | -11.8% |
| Remuneration and social security | 454/9 | €7,582 | €7,969 | +€387 | +5.1% |
| Other amounts payable | 47/48 | €56,948 | €17,443 | -€39,505 | -69.4% |
| Accrued charges and deferred income | 492/3 | - | €1,983 | +€1,983 | |
| Remuneration, social security and pensions | 62 | €34,148 | €36,753 | +€2,606 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,318 | €17,625 | +€306 | +1.8% |
| Other operating charges | 640/8 | €2,753 | €4,112 | +€1,359 | +49.4% |
| Gross operating margin | 9900 | €89,847 | €95,003 | +€5,156 | +5.7% |
| Operating profit (loss) | 9901 | €35,628 | €36,514 | +€886 | +2.5% |
| Financial income | 75/76B | €885 | €897 | +€12 | +1.3% |
| Recurring financial income | 75 | €885 | €897 | +€12 | +1.3% |
| Financial charges | 65/66B | €2,565 | €1,842 | -€723 | -28.2% |
| Recurring financial charges | 65 | €2,565 | €1,842 | -€723 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €33,948 | €35,569 | +€1,621 | +4.8% |
| Income taxes | 67/77 | €12,214 | €13,178 | +€964 | +7.9% |
| Profit (loss) for the period | 9904 | €21,734 | €22,391 | +€657 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,734 | €22,391 | +€657 | +3.0% |
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 11 October 2026 via checked.be.