Nodase: 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.
Nodase
Largest movements
- Cash -€22,808
down €22,808 (-16.7%), from €136,754 to €113,947
mainly Net result for the year (-€10,284) and Investment in fixed assets (net) (-€8,218)
- Reserves -€10,284
down €10,284 (-4.7%), from €218,369 to €208,085
of which Tax-exempt reserves: -€13,552
- Other debts -€5,909
down €5,909 (-100%), from €5,909 to €0
- Provisions -€4,517
down €4,517 (-100%), from €4,517 to €0
- Gross operating margin -€3,526
down €3,526, from €1,984 to -€1,542
- Depreciation -€1,381
down €1,381 (-15.4%), from €8,993 to €7,612
- Other operating charges +€1,153
up €1,153 (+26.7%), from €4,314 to €5,467
- Financial charges +€74
up €74 (+30.8%), from €240 to €314
- Financial income +€38
up €38 (+39.8%), from €96 to €134
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 | €248,008 | €227,181 | -€20,827 | -8.4% |
| Fixed assets | 21/28 | €111,210 | €111,816 | +€606 | +0.5% |
| Tangible fixed assets | 22/27 | €111,210 | €111,816 | +€606 | +0.5% |
| Land and buildings | 22 | €110,972 | €111,728 | +€756 | +0.7% |
| Plant, machinery and equipment | 23 | €238 | €88 | -€150 | -63.0% |
| Current assets | 29/58 | €136,799 | €115,366 | -€21,433 | -15.7% |
| Amounts receivable within one year | 40/41 | €44 | €1,419 | +€1,375 | +3,112% |
| Trade receivables | 40 | - | €1,350 | +€1,350 | |
| Other amounts receivable | 41 | €44 | €69 | +€25 | +55.8% |
| Cash at bank and in hand | 54/58 | €136,754 | €113,947 | -€22,808 | -16.7% |
| Total equity and liabilities | 10/49 | €248,008 | €227,181 | -€20,827 | -8.4% |
| Equity | 10/15 | €236,969 | €226,685 | -€10,284 | -4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €218,369 | €208,085 | -€10,284 | -4.7% |
| Tax-exempt reserves | 132 | €13,552 | €0 | -€13,552 | -100% |
| Distributable reserves | 133 | €204,817 | €208,085 | +€3,268 | +1.6% |
| Provisions and deferred taxes | 16 | €4,517 | €0 | -€4,517 | -100% |
| Deferred taxes | 168 | €4,517 | €0 | -€4,517 | -100% |
| Amounts payable | 17/49 | €6,522 | €496 | -€6,026 | -92.4% |
| Amounts payable after more than one year | 17 | €100 | €50 | -€50 | -50.0% |
| Other amounts payable | 178/9 | €100 | €50 | -€50 | -50.0% |
| Amounts payable within one year | 42/48 | €6,422 | €446 | -€5,976 | -93.0% |
| Trade debts | 44 | €513 | €446 | -€67 | -13.0% |
| Suppliers | 440/4 | €513 | €446 | -€67 | -13.0% |
| Other amounts payable | 47/48 | €5,909 | €0 | -€5,909 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,993 | €7,612 | -€1,381 | -15.4% |
| Other operating charges | 640/8 | €4,314 | €5,467 | +€1,153 | +26.7% |
| Gross operating margin | 9900 | €1,984 | -€1,542 | -€3,526 | |
| Operating profit (loss) | 9901 | -€11,324 | -€14,621 | -€3,297 | -29.1% |
| Financial income | 75/76B | €96 | €134 | +€38 | +39.8% |
| Recurring financial income | 75 | €96 | €134 | +€38 | +39.8% |
| Financial charges | 65/66B | €240 | €314 | +€74 | +30.8% |
| Recurring financial charges | 65 | €240 | €314 | +€74 | +30.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,468 | -€14,801 | -€3,333 | -29.1% |
| Transfer from deferred taxes | 780 | €522 | €4,517 | +€3,995 | +765% |
| Profit (loss) for the period | 9904 | -€10,946 | -€10,284 | +€662 | +6.0% |
| Transfer from tax-exempt reserves | 789 | €1,567 | €13,552 | +€11,985 | +765% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,380 | €3,268 | +€12,647 |
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 28 October 2026 via checked.be.