NO NAME: 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 NAME
Largest movements
- Receivables within one year -€68,700
down €68,700 (-53.4%), from €128,640 to €59,939
of which Trade receivables: -€55,539
- Cash +€33,247
up €33,247 (+27.6%), from €120,511 to €153,758
mainly Receivables within one year (+€68,700) and Tax, wage and social debts (+€10,660)
- Profit (loss) carried forward -€37,498
down €37,498 (-186.0%), from -€20,164 to -€57,663
- Tax, wage and social debts +€10,660
up €10,660 (+102.4%), from €10,408 to €21,068
of which Remuneration and social security: +€14,776
- Other debts -€7,151
down €7,151 (-5.0%), from €143,559 to €136,407
- Staff costs +€13,022
up €13,022 (+64.6%), from €20,152 to €33,173
- Gross operating margin -€5,727
down €5,727, from €5,156 to -€571
- Depreciation -€947
down €947 (-49.9%), from €1,895 to €949
- Other operating charges -€534
down €534 (-46.3%), from €1,154 to €620
- Taxes -€122
down €122 (-61.4%), from €198 to €77
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 | €255,323 | €218,980 | -€36,343 | -14.2% |
| Fixed assets | 21/28 | €4,730 | €4,991 | +€261 | +5.5% |
| Tangible fixed assets | 22/27 | €4,630 | €4,891 | +€261 | +5.6% |
| Plant, machinery and equipment | 23 | €4,149 | €3,889 | -€260 | -6.3% |
| Furniture and vehicles | 24 | €480 | €1,002 | +€522 | +108.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €250,593 | €213,989 | -€36,604 | -14.6% |
| Amounts receivable within one year | 40/41 | €128,640 | €59,939 | -€68,700 | -53.4% |
| Trade receivables | 40 | €105,820 | €50,281 | -€55,539 | -52.5% |
| Other amounts receivable | 41 | €22,819 | €9,658 | -€13,161 | -57.7% |
| Cash at bank and in hand | 54/58 | €120,511 | €153,758 | +€33,247 | +27.6% |
| Deferred charges and accrued income | 490/1 | €1,443 | €291 | -€1,151 | -79.8% |
| Total equity and liabilities | 10/49 | €255,323 | €218,980 | -€36,343 | -14.2% |
| Equity | 10/15 | €94,333 | €56,835 | -€37,498 | -39.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €108,297 | €108,297 | = | 0.0% |
| Distributable reserves | 133 | €108,297 | €108,297 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,164 | -€57,663 | -€37,498 | -186.0% |
| Amounts payable | 17/49 | €160,990 | €162,145 | +€1,155 | +0.7% |
| Amounts payable within one year | 42/48 | €160,990 | €162,145 | +€1,155 | +0.7% |
| Trade debts | 44 | €7,023 | €4,670 | -€2,354 | -33.5% |
| Suppliers | 440/4 | €7,023 | €4,670 | -€2,354 | -33.5% |
| Taxes, remuneration and social security | 45 | €10,408 | €21,068 | +€10,660 | +102.4% |
| Taxes | 450/3 | €5,590 | €1,474 | -€4,115 | -73.6% |
| Remuneration and social security | 454/9 | €4,819 | €19,594 | +€14,776 | +306.6% |
| Other amounts payable | 47/48 | €143,559 | €136,407 | -€7,151 | -5.0% |
| Remuneration, social security and pensions | 62 | €20,152 | €33,173 | +€13,022 | +64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,895 | €949 | -€947 | -49.9% |
| Other operating charges | 640/8 | €1,154 | €620 | -€534 | -46.3% |
| Non-recurring operating charges | 66A | - | €2,035 | +€2,035 | |
| Gross operating margin | 9900 | €5,156 | -€571 | -€5,727 | |
| Operating profit (loss) | 9901 | -€18,045 | -€37,349 | -€19,304 | -107.0% |
| Financial charges | 65/66B | €81 | €73 | -€8 | -9.9% |
| Recurring financial charges | 65 | €81 | €73 | -€8 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,126 | -€37,422 | -€19,296 | -106.5% |
| Income taxes | 67/77 | €198 | €77 | -€122 | -61.4% |
| Profit (loss) for the period | 9904 | -€18,325 | -€37,498 | -€19,174 | -104.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,325 | -€37,498 | -€19,174 | -104.6% |
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 8 October 2026 via checked.be.