NO TROUBLE: 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 TROUBLE
Largest movements
- Receivables within one year -€30,218
down €30,218 (-22.7%), from €133,313 to €103,095
- Stocks and contracts -€19,031
down €19,031 (-67.7%), from €28,127 to €9,096
- Cash -€3,626
down €3,626 (-79.6%), from €4,553 to €928
mainly Net result for the year (-€53,200) and Other debts (-€46,484)
- Profit (loss) carried forward -€53,200
down €53,200, from €33,832 to -€19,368
- Other debts -€46,484
down €46,484 (-66.8%), from €69,574 to €23,090
- Trade debts +€34,462
up €34,462 (+135.0%), from €25,530 to €59,992
- Short-term financial debts +€8,414
up €8,414 (+57.7%), from €14,584 to €22,998
- Tax, wage and social debts +€3,933
up €3,933 (+182.8%), from €2,151 to €6,084
- Gross operating margin -€78,825
down €78,825, from €31,412 to -€47,413
- Depreciation -€13,569
no longer reported in 2025 (was €13,569)
- Other operating charges +€956
up €956 (+1485.1%), from €64 to €1,021
- Financial charges +€501
up €501 (+20.5%), from €2,450 to €2,951
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 | €166,123 | €113,248 | -€52,875 | -31.8% |
| Fixed assets | 21/28 | €129 | €129 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €129 | €129 | = | 0.0% |
| Current assets | 29/58 | €165,993 | €113,119 | -€52,875 | -31.9% |
| Stocks and contracts in progress | 3 | €28,127 | €9,096 | -€19,031 | -67.7% |
| Stocks | 30/36 | €28,127 | €9,096 | -€19,031 | -67.7% |
| Amounts receivable within one year | 40/41 | €133,313 | €103,095 | -€30,218 | -22.7% |
| Trade receivables | 40 | €133,313 | €103,095 | -€30,218 | -22.7% |
| Cash at bank and in hand | 54/58 | €4,553 | €928 | -€3,626 | -79.6% |
| Total equity and liabilities | 10/49 | €166,123 | €113,248 | -€52,875 | -31.8% |
| Equity | 10/15 | €54,283 | €1,084 | -€53,200 | -98.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,832 | -€19,368 | -€53,200 | |
| Amounts payable | 17/49 | €111,839 | €112,164 | +€325 | +0.3% |
| Amounts payable within one year | 42/48 | €111,839 | €112,164 | +€325 | +0.3% |
| Financial debts | 43 | €14,584 | €22,998 | +€8,414 | +57.7% |
| Credit institutions | 430/8 | €14,584 | €22,998 | +€8,414 | +57.7% |
| Trade debts | 44 | €25,530 | €59,992 | +€34,462 | +135.0% |
| Suppliers | 440/4 | €25,530 | €59,992 | +€34,462 | +135.0% |
| Taxes, remuneration and social security | 45 | €2,151 | €6,084 | +€3,933 | +182.8% |
| Taxes | 450/3 | €2,151 | €6,084 | +€3,933 | +182.8% |
| Other amounts payable | 47/48 | €69,574 | €23,090 | -€46,484 | -66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,569 | - | -€13,569 | |
| Other operating charges | 640/8 | €64 | €1,021 | +€956 | +1485.1% |
| Non-recurring operating charges | 66A | - | €1,815 | +€1,815 | |
| Gross operating margin | 9900 | €31,412 | -€47,413 | -€78,825 | |
| Operating profit (loss) | 9901 | €17,779 | -€50,248 | -€68,027 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,450 | €2,951 | +€501 | +20.5% |
| Recurring financial charges | 65 | €2,450 | €2,951 | +€501 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €15,329 | -€53,200 | -€68,529 | |
| Profit (loss) for the period | 9904 | €15,329 | -€53,200 | -€68,529 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,329 | -€53,200 | -€68,529 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.