NODALVIEW: 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.
NODALVIEW
Largest movements
- Cash +€848,873
up €848,873 (+126.8%), from €669,635 to €1.5m
mainly Net result for the year (+€651,276) and Trade debts (+€531,996)
- Intangible fixed assets +€650,507
up €650,507 (+49.5%), from €1.3m to €2.0m
- Financial fixed assets +€342,568
up €342,568 (+606.3%), from €56,500 to €399,068
- Current investments -€188,339
down €188,339 (-35.0%), from €538,339 to €350,000
- Receivables within one year -€86,689
down €86,689 (-20.4%), from €424,146 to €337,457
of which Other amounts receivable: -€83,392
- Profit (loss) carried forward +€651,276
up €651,276 (+11.0%), from -€5.9m to -€5.3m
- Trade debts +€531,996
up €531,996 (+297.7%), from €178,675 to €710,671
- Accrued charges and deferred income +€186,481
up €186,481 (+38.7%), from €481,779 to €668,260
- Contributions +€114,006
up €114,006 (+1.4%), from €8.1m to €8.2m
of which Capital: +€114,006
- Gross operating margin +€560,240
up €560,240 (+17.3%), from €3.2m to €3.8m
- Staff costs -€223,429
down €223,429 (-7.8%), from €2.9m to €2.6m
- Depreciation +€41,997
up €41,997 (+9.4%), from €447,950 to €489,946
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 | €3,301,733 | €4,857,067 | +€1.6m | +47.1% |
| Fixed assets | 21/28 | €1,421,793 | €2,419,251 | +€997,457 | +70.2% |
| Intangible fixed assets | 21 | €1,315,237 | €1,965,745 | +€650,507 | +49.5% |
| Tangible fixed assets | 22/27 | €50,056 | €54,438 | +€4,382 | +8.8% |
| Furniture and vehicles | 24 | €35,663 | €42,173 | +€6,510 | +18.3% |
| Leasing and similar rights | 25 | €3,267 | €0 | -€3,267 | -100.0% |
| Other tangible fixed assets | 26 | €11,127 | €12,266 | +€1,139 | +10.2% |
| Financial fixed assets | 28 | €56,500 | €399,068 | +€342,568 | +606.3% |
| Current assets | 29/58 | €1,879,939 | €2,437,816 | +€557,877 | +29.7% |
| Stocks and contracts in progress | 3 | €127,561 | €91,837 | -€35,724 | -28.0% |
| Stocks | 30/36 | €127,561 | €91,837 | -€35,724 | -28.0% |
| Amounts receivable within one year | 40/41 | €424,146 | €337,457 | -€86,689 | -20.4% |
| Trade receivables | 40 | €301,879 | €298,583 | -€3,296 | -1.1% |
| Other amounts receivable | 41 | €122,267 | €38,875 | -€83,392 | -68.2% |
| Current investments | 50/53 | €538,339 | €350,000 | -€188,339 | -35.0% |
| Cash at bank and in hand | 54/58 | €669,635 | €1,518,508 | +€848,873 | +126.8% |
| Deferred charges and accrued income | 490/1 | €120,259 | €140,014 | +€19,755 | +16.4% |
| Total equity and liabilities | 10/49 | €3,301,733 | €4,857,067 | +€1.6m | +47.1% |
| Equity | 10/15 | €2,154,320 | €2,919,602 | +€765,282 | +35.5% |
| Contributions | 10/11 | €8,075,697 | €8,189,703 | +€114,006 | +1.4% |
| Capital | 10 | €413,596 | €527,602 | +€114,006 | +27.6% |
| Issued capital | 100 | €413,596 | €527,602 | +€114,006 | +27.6% |
| Outside capital | 11 | €7,662,100 | €7,662,100 | = | 0.0% |
| Share premium | 1100/10 | €7,662,100 | €7,662,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,921,376 | -€5,270,100 | +€651,276 | +11.0% |
| Amounts payable | 17/49 | €1,147,413 | €1,937,465 | +€790,052 | +68.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €665,634 | €1,269,204 | +€603,571 | +90.7% |
| Current portion of amounts payable after more than one year | 42 | €3,546 | €0 | -€3,546 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €178,675 | €710,671 | +€531,996 | +297.7% |
| Suppliers | 440/4 | €178,675 | €710,671 | +€531,996 | +297.7% |
| Advances received on contracts in progress | 46 | €112,858 | €157,141 | +€44,283 | +39.2% |
| Taxes, remuneration and social security | 45 | €370,555 | €401,392 | +€30,838 | +8.3% |
| Taxes | 450/3 | €117,380 | €140,468 | +€23,089 | +19.7% |
| Remuneration and social security | 454/9 | €253,175 | €260,924 | +€7,749 | +3.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €481,779 | €668,260 | +€186,481 | +38.7% |
| Remuneration, social security and pensions | 62 | €2,855,193 | €2,631,764 | -€223,429 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €447,950 | €489,946 | +€41,997 | +9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,340 | €0 | +€7,340 | |
| Other operating charges | 640/8 | €62,605 | €29,785 | -€32,819 | -52.4% |
| Non-recurring operating charges | 66A | €874 | €1,082 | +€208 | +23.8% |
| Gross operating margin | 9900 | €3,245,494 | €3,805,734 | +€560,240 | +17.3% |
| Operating profit (loss) | 9901 | -€113,787 | €653,156 | +€766,943 | |
| Financial income | 75/76B | €22,945 | €15,588 | -€7,357 | -32.1% |
| Recurring financial income | 75 | €22,945 | €15,588 | -€7,357 | -32.1% |
| Financial charges | 65/66B | €22,382 | €16,850 | -€5,532 | -24.7% |
| Recurring financial charges | 65 | €22,382 | €16,850 | -€5,532 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€113,224 | €651,894 | +€765,118 | |
| Income taxes | 67/77 | €1,167 | €618 | -€549 | -47.0% |
| Profit (loss) for the period | 9904 | -€114,391 | €651,276 | +€765,667 | |
| Profit (loss) for the period to be appropriated | 9905 | -€114,391 | €651,276 | +€765,667 |
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 7 October 2026 via checked.be.