NO-NOGO: 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-NOGO
Largest movements
- Tangible fixed assets -€12,596
down €12,596 (-26.4%), from €47,654 to €35,058
of which Furniture and vehicles: -€16,500
- Cash +€9,196
up €9,196 (+2.1%), from €436,959 to €446,155
mainly Depreciation (+€17,096) and Net result for the year (+€5,371)
- Other debts -€13,000
no longer reported in 2025 (was €13,000)
- Profit (loss) carried forward +€5,371
up €5,371 (+1.2%), from €457,656 to €463,027
- Gross operating margin -€27,604
down €27,604 (-46.5%), from €59,416 to €31,812
- Other operating charges -€5,394
down €5,394 (-75.9%), from €7,104 to €1,711
- Taxes +€1,258
up €1,258 (+15.7%), from €8,000 to €9,258
- Depreciation +€596
up €596 (+3.6%), from €16,500 to €17,096
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 | €515,146 | €510,041 | -€5,105 | -1.0% |
| Fixed assets | 21/28 | €47,654 | €35,058 | -€12,596 | -26.4% |
| Tangible fixed assets | 22/27 | €47,654 | €35,058 | -€12,596 | -26.4% |
| Plant, machinery and equipment | 23 | - | €3,904 | +€3,904 | |
| Furniture and vehicles | 24 | €47,104 | €30,604 | -€16,500 | -35.0% |
| Other tangible fixed assets | 26 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €467,492 | €474,983 | +€7,491 | +1.6% |
| Amounts receivable within one year | 40/41 | €30,533 | €28,012 | -€2,521 | -8.3% |
| Trade receivables | 40 | €21,160 | €21,160 | = | 0.0% |
| Other amounts receivable | 41 | €9,373 | €6,852 | -€2,521 | -26.9% |
| Cash at bank and in hand | 54/58 | €436,959 | €446,155 | +€9,196 | +2.1% |
| Deferred charges and accrued income | 490/1 | - | €816 | +€816 | |
| Total equity and liabilities | 10/49 | €515,146 | €510,041 | -€5,105 | -1.0% |
| Equity | 10/15 | €493,656 | €499,027 | +€5,371 | +1.1% |
| Reserves | 13 | €36,000 | €36,000 | = | 0.0% |
| Distributable reserves | 133 | €36,000 | €36,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €457,656 | €463,027 | +€5,371 | +1.2% |
| Amounts payable | 17/49 | €21,490 | €11,014 | -€10,475 | -48.7% |
| Amounts payable within one year | 42/48 | €21,490 | €11,014 | -€10,475 | -48.7% |
| Trade debts | 44 | €200 | €1,925 | +€1,725 | +863% |
| Suppliers | 440/4 | €200 | €1,925 | +€1,725 | +863% |
| Taxes, remuneration and social security | 45 | €8,290 | €9,089 | +€800 | +9.6% |
| Taxes | 450/3 | €8,290 | €9,089 | +€800 | +9.6% |
| Other amounts payable | 47/48 | €13,000 | - | -€13,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,500 | €17,096 | +€596 | +3.6% |
| Other operating charges | 640/8 | €7,104 | €1,711 | -€5,394 | -75.9% |
| Gross operating margin | 9900 | €59,416 | €31,812 | -€27,604 | -46.5% |
| Operating profit (loss) | 9901 | €35,811 | €13,005 | -€22,806 | -63.7% |
| Financial income | 75/76B | €2,026 | €2,232 | +€205 | +10.1% |
| Recurring financial income | 75 | €2,026 | €2,232 | +€205 | +10.1% |
| Financial charges | 65/66B | €362 | €608 | +€246 | +68.1% |
| Recurring financial charges | 65 | €362 | €608 | +€246 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €37,476 | €14,629 | -€22,847 | -61.0% |
| Income taxes | 67/77 | €8,000 | €9,258 | +€1,258 | +15.7% |
| Profit (loss) for the period | 9904 | €29,476 | €5,371 | -€24,105 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,476 | €5,371 | -€24,105 | -81.8% |
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 26 October 2026 via checked.be.