NOCASU: what changed
Two fiscal 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.
NOCASU
Largest movements
- Current investments +€1.1m
up €1.1m (+302.4%), from €348,515 to €1.4m
- Cash +€109,766
up €109,766 (+63.8%), from €172,101 to €281,867
mainly Net result for the year (+€1.4m) and Investment in fixed assets (net) (+€83,858)
- Tangible fixed assets -€93,184
down €93,184 (-31.5%), from €295,891 to €202,707
- Receivables within one year +€40,143
up €40,143 (+542.3%), from €7,403 to €47,545
- Reserves +€1.1m
up €1.1m (+324.7%), from €349,569 to €1.5m
- Gross operating margin +€2.0m
up €2.0m (+2609.0%), from €76,331 to €2.1m
- Taxes +€636,250
up €636,250 (+9071.4%), from €7,014 to €643,263
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 | €823,909 | €1,934,515 | +€1.1m | +134.8% |
| Fixed assets | 21/28 | €295,891 | €202,707 | -€93,184 | -31.5% |
| Tangible fixed assets | 22/27 | €295,891 | €202,707 | -€93,184 | -31.5% |
| Land and buildings | 22 | €295,891 | €202,707 | -€93,184 | -31.5% |
| Current assets | 29/58 | €528,018 | €1,731,808 | +€1.2m | +228.0% |
| Amounts receivable within one year | 40/41 | €7,403 | €47,545 | +€40,143 | +542.3% |
| Other amounts receivable | 41 | €7,403 | €47,545 | +€40,143 | +542.3% |
| Current investments | 50/53 | €348,515 | €1,402,396 | +€1.1m | +302.4% |
| Cash at bank and in hand | 54/58 | €172,101 | €281,867 | +€109,766 | +63.8% |
| Total equity and liabilities | 10/49 | €823,909 | €1,934,515 | +€1.1m | +134.8% |
| Equity | 10/15 | €349,569 | €1,485,491 | +€1.1m | +324.9% |
| Reserves | 13 | €349,569 | €1,484,558 | +€1.1m | +324.7% |
| Distributable reserves | 133 | €349,569 | €1,484,558 | +€1.1m | +324.7% |
| Profit (loss) carried forward | 14 | - | €933 | +€933 | |
| Amounts payable | 17/49 | €474,340 | €449,024 | -€25,316 | -5.3% |
| Amounts payable within one year | 42/48 | €455,445 | €441,301 | -€14,144 | -3.1% |
| Trade debts | 44 | - | €386 | +€386 | |
| Suppliers | 440/4 | - | €386 | +€386 | |
| Taxes, remuneration and social security | 45 | €15,708 | €9,608 | -€6,101 | -38.8% |
| Taxes | 450/3 | €15,708 | €9,608 | -€6,101 | -38.8% |
| Other amounts payable | 47/48 | €439,737 | €431,307 | -€8,430 | -1.9% |
| Accrued charges and deferred income | 492/3 | €18,895 | €7,722 | -€11,173 | -59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,056 | €9,327 | -€3,730 | -28.6% |
| Other operating charges | 640/8 | €31,260 | €42,234 | +€10,974 | +35.1% |
| Gross operating margin | 9900 | €76,331 | €2,067,843 | +€2.0m | +2609.0% |
| Operating profit (loss) | 9901 | €32,015 | €2,016,283 | +€2.0m | +6197.9% |
| Financial income | 75/76B | €12,264 | €9,002 | -€3,261 | -26.6% |
| Recurring financial income | 75 | €12,264 | €9,002 | -€3,261 | -26.6% |
| Financial charges | 65/66B | €27,117 | €11,089 | -€16,028 | -59.1% |
| Recurring financial charges | 65 | €27,117 | €11,089 | -€16,028 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | €17,162 | €2,014,196 | +€2.0m | +11636.6% |
| Income taxes | 67/77 | €7,014 | €643,263 | +€636,250 | +9071.4% |
| Profit (loss) for the period | 9904 | €10,148 | €1,370,933 | +€1.4m | +13409.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,148 | €1,370,933 | +€1.4m | +13409.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.