NoCas Worx: 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.
NoCas Worx
Largest movements
- Cash -€55,334
down €55,334 (-64.8%), from €85,455 to €30,121
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€1,457)
- Receivables within one year -€11,241
down €11,241 (-42.0%), from €26,795 to €15,554
of which Other amounts receivable: -€6,127
- Reserves -€68,687
down €68,687 (-66.4%), from €103,431 to €34,743
- Trade debts +€3,089
up €3,089 (+174%), from €1,771 to €4,860
- Gross operating margin +€5,197
up €5,197 (+13.7%), from €37,892 to €43,088
- Taxes +€1,245
up €1,245 (+14.6%), from €8,515 to €9,761
- Financial charges -€1,079
down €1,079 (-47.9%), from €2,252 to €1,172
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 | €114,229 | €48,674 | -€65,555 | -57.4% |
| Fixed assets | 21/28 | €935 | €1,987 | +€1,053 | +113% |
| Tangible fixed assets | 22/27 | €935 | €1,987 | +€1,053 | +113% |
| Plant, machinery and equipment | 23 | €394 | €1,398 | +€1,005 | +255% |
| Furniture and vehicles | 24 | €541 | €589 | +€48 | +8.9% |
| Current assets | 29/58 | €113,295 | €46,687 | -€66,608 | -58.8% |
| Stocks and contracts in progress | 3 | €931 | €931 | = | 0.0% |
| Stocks | 30/36 | €931 | €931 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,795 | €15,554 | -€11,241 | -42.0% |
| Trade receivables | 40 | €20,278 | €15,164 | -€5,114 | -25.2% |
| Other amounts receivable | 41 | €6,517 | €390 | -€6,127 | -94.0% |
| Cash at bank and in hand | 54/58 | €85,455 | €30,121 | -€55,334 | -64.8% |
| Deferred charges and accrued income | 490/1 | €114 | €81 | -€33 | -29.2% |
| Total equity and liabilities | 10/49 | €114,229 | €48,674 | -€65,555 | -57.4% |
| Equity | 10/15 | €105,931 | €37,243 | -€68,687 | -64.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €103,431 | €34,743 | -€68,687 | -66.4% |
| Distributable reserves | 133 | €103,431 | €34,743 | -€68,687 | -66.4% |
| Amounts payable | 17/49 | €8,298 | €11,431 | +€3,132 | +37.7% |
| Amounts payable within one year | 42/48 | €8,298 | €11,431 | +€3,132 | +37.7% |
| Trade debts | 44 | €1,771 | €4,860 | +€3,089 | +174% |
| Suppliers | 440/4 | €1,771 | €4,860 | +€3,089 | +174% |
| Taxes, remuneration and social security | 45 | €6,528 | €6,571 | +€43 | +0.7% |
| Taxes | 450/3 | €6,528 | €6,571 | +€43 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €666 | €404 | -€262 | -39.3% |
| Other operating charges | 640/8 | €180 | €400 | +€220 | +122% |
| Non-recurring operating charges | 66A | - | €39 | +€39 | |
| Gross operating margin | 9900 | €37,892 | €43,088 | +€5,197 | +13.7% |
| Operating profit (loss) | 9901 | €37,045 | €42,246 | +€5,200 | +14.0% |
| Financial charges | 65/66B | €2,252 | €1,172 | -€1,079 | -47.9% |
| Recurring financial charges | 65 | €2,252 | €1,172 | -€1,079 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €34,794 | €41,073 | +€6,279 | +18.0% |
| Income taxes | 67/77 | €8,515 | €9,761 | +€1,245 | +14.6% |
| Profit (loss) for the period | 9904 | €26,278 | €31,313 | +€5,034 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,278 | €31,313 | +€5,034 | +19.2% |
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 31 October 2026 via checked.be.