NO NONSENS: 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 NONSENS
Largest movements
- Cash +€75,132
up €75,132 (+202%), from €37,281 to €112,412
mainly Net result for the year (+€83,384) and Receivables within one year (+€13,598)
- Receivables within one year -€13,598
down €13,598 (-97.1%), from €14,000 to €402
- Profit (loss) carried forward +€49,828
no longer reported in 2025 (was -€49,828)
- Reserves +€13,556
up €13,556 (+102%), from €13,251 to €26,807
of which Distributable reserves: +€13,556
- Trade debts -€3,263
down €3,263 (-61.9%), from €5,273 to €2,010
- Gross operating margin +€67,463
up €67,463 (+209%), from €32,242 to €99,705
- Taxes +€14,033
up €14,033 (+37,541%), from €37 to €14,070
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 | €53,750 | €115,315 | +€61,566 | +115% |
| Fixed assets | 21/28 | €1,281 | €1,130 | -€151 | -11.8% |
| Tangible fixed assets | 22/27 | €1,281 | €1,130 | -€151 | -11.8% |
| Plant, machinery and equipment | 23 | €1,281 | €1,130 | -€151 | -11.8% |
| Current assets | 29/58 | €52,468 | €114,185 | +€61,717 | +118% |
| Amounts receivable within one year | 40/41 | €14,000 | €402 | -€13,598 | -97.1% |
| Trade receivables | 40 | €14,000 | €402 | -€13,598 | -97.1% |
| Cash at bank and in hand | 54/58 | €37,281 | €112,412 | +€75,132 | +202% |
| Deferred charges and accrued income | 490/1 | €1,188 | €1,371 | +€183 | +15.4% |
| Total equity and liabilities | 10/49 | €53,750 | €115,315 | +€61,566 | +115% |
| Equity | 10/15 | -€8,027 | €55,357 | +€63,384 | |
| Contributions | 10/11 | €28,550 | €28,550 | = | 0.0% |
| Reserves | 13 | €13,251 | €26,807 | +€13,556 | +102% |
| Tax-exempt reserves | 132 | €13,150 | €13,150 | = | 0.0% |
| Distributable reserves | 133 | €101 | €13,657 | +€13,556 | +13,433% |
| Profit (loss) carried forward | 14 | -€49,828 | - | +€49,828 | |
| Amounts payable | 17/49 | €61,776 | €59,958 | -€1,818 | -2.9% |
| Amounts payable within one year | 42/48 | €61,776 | €59,958 | -€1,818 | -2.9% |
| Trade debts | 44 | €5,273 | €2,010 | -€3,263 | -61.9% |
| Suppliers | 440/4 | €5,273 | €2,010 | -€3,263 | -61.9% |
| Taxes, remuneration and social security | 45 | €7,018 | €7,420 | +€402 | +5.7% |
| Taxes | 450/3 | €7,018 | €7,420 | +€402 | +5.7% |
| Other amounts payable | 47/48 | €49,484 | €50,527 | +€1,043 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151 | €151 | = | 0.0% |
| Other operating charges | 640/8 | €799 | €1,006 | +€207 | +26.0% |
| Gross operating margin | 9900 | €32,242 | €99,705 | +€67,463 | +209% |
| Operating profit (loss) | 9901 | €31,293 | €98,549 | +€67,256 | +215% |
| Financial income | 75/76B | €4 | €158 | +€153 | +3,593% |
| Recurring financial income | 75 | €4 | €158 | +€153 | +3,593% |
| Financial charges | 65/66B | €429 | €1,252 | +€823 | +192% |
| Recurring financial charges | 65 | €429 | €1,252 | +€823 | +192% |
| Profit (loss) for the period before taxes | 9903 | €30,868 | €97,454 | +€66,586 | +216% |
| Income taxes | 67/77 | €37 | €14,070 | +€14,033 | +37,541% |
| Profit (loss) for the period | 9904 | €30,831 | €83,384 | +€52,553 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €30,831 | €83,384 | +€52,553 | +170% |
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 30 October 2026 via checked.be.