NODACHI: 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.
NODACHI
Largest movements
- Intangible fixed assets +€56,501
new in 2025: €56,501
- Tangible fixed assets +€36,480
up €36,480 (+1698.3%), from €2,148 to €38,628
of which Furniture and vehicles: +€37,017
- Receivables within one year +€25,771
up €25,771 (+133.4%), from €19,312 to €45,083
of which Trade receivables: +€13,707
- Cash -€17,026
down €17,026 (-13.1%), from €130,192 to €113,166
mainly Investment in fixed assets (net) (-€94,687) and Trade debts (-€55,191)
- Reserves +€68,721
up €68,721 (+72.9%), from €94,260 to €162,981
- Other debts +€57,500
new in 2025: €57,500
- Trade debts -€55,191
down €55,191 (-46.2%), from €119,333 to €64,142
- Tax, wage and social debts +€26,357
up €26,357 (+124.5%), from €21,175 to €47,532
- Current portion of long-term debt +€5,639
up €5,639 (+18.4%), from €30,713 to €36,352
- Gross operating margin +€98,211
up €98,211 (+289.5%), from €33,924 to €132,135
- Taxes +€24,877
up €24,877 (+237.9%), from €10,458 to €35,335
- Write-downs +€4,820
new in 2025: €4,820
- Depreciation +€3,842
up €3,842 (+444.6%), from €864 to €4,707
- Financial charges +€1,412
up €1,412 (+25.9%), from €5,443 to €6,856
of which Financial charges: +€1,239
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 | €365,953 | €465,677 | +€99,724 | +27.3% |
| Fixed assets | 21/28 | €215,898 | €305,879 | +€89,981 | +41.7% |
| Intangible fixed assets | 21 | - | €56,501 | +€56,501 | |
| Tangible fixed assets | 22/27 | €2,148 | €38,628 | +€36,480 | +1698.3% |
| Plant, machinery and equipment | 23 | €2,148 | €1,611 | -€537 | -25.0% |
| Furniture and vehicles | 24 | - | €37,017 | +€37,017 | |
| Financial fixed assets | 28 | €213,750 | €210,750 | -€3,000 | -1.4% |
| Current assets | 29/58 | €150,055 | €159,799 | +€9,743 | +6.5% |
| Amounts receivable within one year | 40/41 | €19,312 | €45,083 | +€25,771 | +133.4% |
| Trade receivables | 40 | €3,434 | €17,141 | +€13,707 | +399.1% |
| Other amounts receivable | 41 | €15,878 | €27,942 | +€12,064 | +76.0% |
| Cash at bank and in hand | 54/58 | €130,192 | €113,166 | -€17,026 | -13.1% |
| Deferred charges and accrued income | 490/1 | €551 | €1,550 | +€999 | +181.3% |
| Total equity and liabilities | 10/49 | €365,953 | €465,677 | +€99,724 | +27.3% |
| Equity | 10/15 | €97,260 | €165,981 | +€68,721 | +70.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €94,260 | €162,981 | +€68,721 | +72.9% |
| Distributable reserves | 133 | €94,260 | €162,981 | +€68,721 | +72.9% |
| Amounts payable | 17/49 | €268,693 | €299,696 | +€31,003 | +11.5% |
| Amounts payable after more than one year | 17 | €97,473 | €94,171 | -€3,302 | -3.4% |
| Financial debts | 170/4 | €97,473 | €94,171 | -€3,302 | -3.4% |
| Amounts payable within one year | 42/48 | €171,220 | €205,525 | +€34,305 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €30,713 | €36,352 | +€5,639 | +18.4% |
| Trade debts | 44 | €119,333 | €64,142 | -€55,191 | -46.2% |
| Suppliers | 440/4 | €119,333 | €64,142 | -€55,191 | -46.2% |
| Taxes, remuneration and social security | 45 | €21,175 | €47,532 | +€26,357 | +124.5% |
| Taxes | 450/3 | €21,175 | €47,532 | +€26,357 | +124.5% |
| Other amounts payable | 47/48 | - | €57,500 | +€57,500 | |
| Non-recurring operating income | 76A | - | €75,000 | +€75,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €864 | €4,707 | +€3,842 | +444.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,820 | +€4,820 | |
| Other operating charges | 640/8 | €318 | €422 | +€104 | +32.7% |
| Non-recurring operating charges | 66A | - | €999 | +€999 | |
| Gross operating margin | 9900 | €33,924 | €132,135 | +€98,211 | +289.5% |
| Operating profit (loss) | 9901 | €32,742 | €121,187 | +€88,446 | +270.1% |
| Financial income | 75/76B | €335 | €1,313 | +€978 | +292.1% |
| Recurring financial income | 75 | €335 | €1,313 | +€978 | +292.1% |
| Financial charges | 65/66B | €5,443 | €6,856 | +€1,412 | +25.9% |
| Recurring financial charges | 65 | €5,385 | €6,624 | +€1,239 | +23.0% |
| Non-recurring financial charges | 66B | €59 | €232 | +€173 | +294.1% |
| Profit (loss) for the period before taxes | 9903 | €27,633 | €115,644 | +€88,011 | +318.5% |
| Income taxes | 67/77 | €10,458 | €35,335 | +€24,877 | +237.9% |
| Profit (loss) for the period | 9904 | €17,175 | €80,309 | +€63,134 | +367.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,175 | €80,309 | +€63,134 | +367.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.