NO2COVID: 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.
NO2COVID
Largest movements
- Receivables within one year +€1,665
up €1,665 (+3.3%), from €50,865 to €52,531
of which Other amounts receivable: +€906
- Intangible fixed assets -€1,506
down €1,506 (-16.0%), from €9,395 to €7,889
- Cash -€1,022
down €1,022 (-17.7%), from €5,780 to €4,758
mainly Trade debts (-€1,915) and Net result for the year (-€1,691)
- Other debts +€2,743
up €2,743 (+8.1%), from €33,732 to €36,475
- Trade debts -€1,915
down €1,915 (-1.9%), from €100,551 to €98,636
- Profit (loss) carried forward -€1,691
down €1,691 (-2.4%), from -€70,300 to -€71,991
- Gross operating margin +€27,689
up €27,689, from -€26,471 to €1,218
- Financial charges +€375
up €375 (+898.6%), from €42 to €417
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 | €66,041 | €65,178 | -€863 | -1.3% |
| Fixed assets | 21/28 | €9,395 | €7,889 | -€1,506 | -16.0% |
| Intangible fixed assets | 21 | €9,395 | €7,889 | -€1,506 | -16.0% |
| Current assets | 29/58 | €56,645 | €57,289 | +€643 | +1.1% |
| Amounts receivable within one year | 40/41 | €50,865 | €52,531 | +€1,665 | +3.3% |
| Trade receivables | 40 | €40,516 | €41,275 | +€759 | +1.9% |
| Other amounts receivable | 41 | €10,349 | €11,256 | +€906 | +8.8% |
| Cash at bank and in hand | 54/58 | €5,780 | €4,758 | -€1,022 | -17.7% |
| Total equity and liabilities | 10/49 | €66,041 | €65,178 | -€863 | -1.3% |
| Equity | 10/15 | -€68,242 | -€69,934 | -€1,691 | -2.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €558 | €558 | = | 0.0% |
| Distributable reserves | 133 | €558 | €558 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,300 | -€71,991 | -€1,691 | -2.4% |
| Amounts payable | 17/49 | €134,283 | €135,111 | +€828 | +0.6% |
| Amounts payable within one year | 42/48 | €134,283 | €135,111 | +€828 | +0.6% |
| Trade debts | 44 | €100,551 | €98,636 | -€1,915 | -1.9% |
| Suppliers | 440/4 | €100,551 | €98,636 | -€1,915 | -1.9% |
| Other amounts payable | 47/48 | €33,732 | €36,475 | +€2,743 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,506 | €1,506 | = | 0.0% |
| Other operating charges | 640/8 | €1,011 | €995 | -€16 | -1.6% |
| Gross operating margin | 9900 | -€26,471 | €1,218 | +€27,689 | |
| Operating profit (loss) | 9901 | -€28,988 | -€1,283 | +€27,705 | +95.6% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €42 | €417 | +€375 | +898.6% |
| Recurring financial charges | 65 | €42 | €417 | +€375 | +898.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,030 | -€1,691 | +€27,339 | +94.2% |
| Profit (loss) for the period | 9904 | -€29,030 | -€1,691 | +€27,339 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,030 | -€1,691 | +€27,339 | +94.2% |
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 11 October 2026 via checked.be.