NO Management: 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 Management
Largest movements
- Cash +€693
up €693 (+220%), from €315 to €1,008
mainly Net result for the year (+€10,640) and Depreciation (+€158)
- Receivables within one year +€390
new in 2025: €390
of which Trade receivables: +€299
- Tangible fixed assets -€158
down €158 (-100%), from €158 to €0
- Profit (loss) carried forward +€10,640
up €10,640 (+67.8%), from -€15,687 to -€5,048
- Other debts -€6,942
down €6,942 (-55.7%), from €12,459 to €5,517
- Tax, wage and social debts -€2,566
down €2,566 (-99.0%), from €2,593 to €27
- Trade debts -€202
down €202 (-33.3%), from €607 to €405
- Gross operating margin +€28,064
up €28,064, from -€17,121 to €10,943
- Depreciation -€342
down €342 (-68.5%), from €500 to €158
- Taxes +€251
up €251, from -€251 to €0
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 | €472 | €1,402 | +€929 | +197% |
| Fixed assets | 21/28 | €158 | €0 | -€158 | -100% |
| Tangible fixed assets | 22/27 | €158 | €0 | -€158 | -100% |
| Furniture and vehicles | 24 | €158 | €0 | -€158 | -100% |
| Current assets | 29/58 | €315 | €1,402 | +€1,087 | +345% |
| Amounts receivable within one year | 40/41 | - | €390 | +€390 | |
| Trade receivables | 40 | - | €299 | +€299 | |
| Other amounts receivable | 41 | - | €92 | +€92 | |
| Cash at bank and in hand | 54/58 | €315 | €1,008 | +€693 | +220% |
| Deferred charges and accrued income | 490/1 | - | €3 | +€3 | |
| Total equity and liabilities | 10/49 | €472 | €1,402 | +€929 | +197% |
| Equity | 10/15 | -€15,187 | -€4,548 | +€10,640 | +70.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,687 | -€5,048 | +€10,640 | +67.8% |
| Amounts payable | 17/49 | €15,659 | €5,949 | -€9,710 | -62.0% |
| Amounts payable within one year | 42/48 | €15,659 | €5,949 | -€9,710 | -62.0% |
| Trade debts | 44 | €607 | €405 | -€202 | -33.3% |
| Suppliers | 440/4 | €607 | €405 | -€202 | -33.3% |
| Taxes, remuneration and social security | 45 | €2,593 | €27 | -€2,566 | -99.0% |
| Taxes | 450/3 | €2,593 | €27 | -€2,566 | -99.0% |
| Other amounts payable | 47/48 | €12,459 | €5,517 | -€6,942 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €158 | -€342 | -68.5% |
| Other operating charges | 640/8 | €118 | €132 | +€14 | +12.1% |
| Gross operating margin | 9900 | -€17,121 | €10,943 | +€28,064 | |
| Operating profit (loss) | 9901 | -€17,739 | €10,653 | +€28,392 | |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €29 | €13 | -€16 | -55.0% |
| Recurring financial charges | 65 | €29 | €13 | -€16 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,768 | €10,640 | +€28,408 | |
| Income taxes | 67/77 | -€251 | €0 | +€251 | |
| Profit (loss) for the period | 9904 | -€17,517 | €10,640 | +€28,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,517 | €10,640 | +€28,157 |
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 18 October 2026 via checked.be.