NoBuCo: 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.
NoBuCo
Largest movements
- Cash +€95,398
up €95,398 (+141%), from €67,595 to €162,993
mainly Trade debts (+€157,273) and Deferred charges and accrued income (+€450)
- Receivables within one year +€7,296
up €7,296 (+11.8%), from €61,861 to €69,156
of which Other amounts receivable: +€8,724
- Trade debts +€157,273
up €157,273 (+483%), from €32,538 to €189,811
- Profit (loss) carried forward -€29,839
down €29,839 (-42.4%), from €70,313 to €40,474
- Tax, wage and social debts -€24,568
down €24,568 (-99.0%), from €24,817 to €249
- Gross operating margin -€91,354
down €91,354, from €63,220 to -€28,135
- Taxes -€12,597
no longer reported in 2025 (was €12,597)
- Other operating charges +€675
up €675 (+126%), from €534 to €1,209
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 | €135,254 | €237,117 | +€101,863 | +75.3% |
| Fixed assets | 21/28 | €5,348 | €4,968 | -€380 | -7.1% |
| Tangible fixed assets | 22/27 | €1,898 | €1,518 | -€380 | -20.0% |
| Plant, machinery and equipment | 23 | €1,898 | €1,518 | -€380 | -20.0% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €129,906 | €232,149 | +€102,243 | +78.7% |
| Amounts receivable within one year | 40/41 | €61,861 | €69,156 | +€7,296 | +11.8% |
| Trade receivables | 40 | €56,798 | €55,370 | -€1,428 | -2.5% |
| Other amounts receivable | 41 | €5,063 | €13,787 | +€8,724 | +172% |
| Cash at bank and in hand | 54/58 | €67,595 | €162,993 | +€95,398 | +141% |
| Deferred charges and accrued income | 490/1 | €450 | - | -€450 | |
| Total equity and liabilities | 10/49 | €135,254 | €237,117 | +€101,863 | +75.3% |
| Equity | 10/15 | €76,313 | €46,474 | -€29,839 | -39.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,313 | €40,474 | -€29,839 | -42.4% |
| Amounts payable | 17/49 | €58,940 | €190,643 | +€131,703 | +223% |
| Amounts payable within one year | 42/48 | €57,940 | €190,643 | +€132,703 | +229% |
| Trade debts | 44 | €32,538 | €189,811 | +€157,273 | +483% |
| Suppliers | 440/4 | €32,538 | €189,811 | +€157,273 | +483% |
| Taxes, remuneration and social security | 45 | €24,817 | €249 | -€24,568 | -99.0% |
| Taxes | 450/3 | €24,817 | €249 | -€24,568 | -99.0% |
| Other amounts payable | 47/48 | €585 | €583 | -€2 | -0.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €380 | +€380 | +73,012% |
| Other operating charges | 640/8 | €534 | €1,209 | +€675 | +126% |
| Gross operating margin | 9900 | €63,220 | -€28,135 | -€91,354 | |
| Operating profit (loss) | 9901 | €62,685 | -€29,723 | -€92,409 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -15.4% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -15.4% |
| Financial charges | 65/66B | €45 | €117 | +€72 | +158% |
| Recurring financial charges | 65 | €45 | €117 | +€72 | +158% |
| Profit (loss) for the period before taxes | 9903 | €62,641 | -€29,839 | -€92,481 | |
| Income taxes | 67/77 | €12,597 | - | -€12,597 | |
| Profit (loss) for the period | 9904 | €50,044 | -€29,839 | -€79,884 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,044 | -€29,839 | -€79,884 |
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 22 October 2026 via checked.be.