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NODERIX: 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.

What changed

NODERIX

BE 0751.726.442
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€943
2024 · €12,191-€11,248
Equity
€34,613
2024 · €33,669+€943
Cash
€15,602
2024 · €25,562-€9,959
Balance sheet total
€45,252
2024 · €53,265-€8,013

Largest movements

2024 to 2025
Assets
  • Cash -€9,959

    down €9,959 (-39.0%), from €25,562 to €15,602

    mainly Tax, wage and social debts (-€10,500) and Investment in fixed assets (net) (-€3,939)

  • Deferred charges and accrued income +€942

    up €942 (+4.2%), from €22,356 to €23,298

  • Receivables within one year +€751

    new in 2025: €751

Equity and liabilities
  • Tax, wage and social debts -€10,500

    down €10,500 (-68.4%), from €15,361 to €4,861

    of which Taxes: -€10,500

  • Trade debts +€1,555

    up €1,555 (+77.4%), from €2,008 to €3,563

  • Reserves +€943

    up €943 (+3.0%), from €31,660 to €32,603

Income statement
  • Gross operating margin -€14,930

    down €14,930 (-64.1%), from €23,279 to €8,349

  • Turnover -€13,044

    down €13,044 (-8.5%), from €153,951 to €140,907

  • Taxes -€4,612

    down €4,612 (-67.2%), from €6,862 to €2,249

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €12,191
Gross operating margin -€14,930
Depreciation -€854
Other operating charges -€299
Financial income +€6
Financial charges +€217
Taxes +€4,612
Result 2025 €943

Cash bridge derived

cash 2024 to 2025

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.

From operations -€6,020
Investment -€3,940
Financing €0
Cash 2024 €25,562
Net result for the year +€943
Depreciation +€3,687
Receivables within one year -€751
Deferred charges and accrued income -€942
Trade debts +€1,555
Tax, wage and social debts -€10,500
Other debts -€11
Investment in fixed assets (net) -€3,939
Current investments -€1
Cash 2025 €15,602
Every line side by side 41 lines
Line Code 2024 2025 Change %
Total assets 20/58 €53,265 €45,252 -€8,013 -15.0%
Fixed assets 21/28 €5,300 €5,552 +€252 +4.8%
Tangible fixed assets 22/27 €5,300 €5,552 +€252 +4.8%
Plant, machinery and equipment 23 €1,453 €636 -€817 -56.2%
Furniture and vehicles 24 €3,847 €4,916 +€1,070 +27.8%
Current assets 29/58 €47,966 €39,700 -€8,265 -17.2%
Amounts receivable within one year 40/41 - €751 +€751
Other amounts receivable 41 - €751 +€751
Current investments 50/53 €48 €49 +€1 +1.7%
Cash at bank and in hand 54/58 €25,562 €15,602 -€9,959 -39.0%
Deferred charges and accrued income 490/1 €22,356 €23,298 +€942 +4.2%
Total equity and liabilities 10/49 €53,265 €45,252 -€8,013 -15.0%
Equity 10/15 €33,669 €34,613 +€943 +2.8%
Contributions 10/11 €2,000 €2,000 = 0.0%
Capital 10 €2,000 €2,000 = 0.0%
Issued capital 100 €2,000 €2,000 = 0.0%
Reserves 13 €31,660 €32,603 +€943 +3.0%
Distributable reserves 133 €31,660 €32,603 +€943 +3.0%
Profit (loss) carried forward 14 €9 €9 = 0.0%
Amounts payable 17/49 €19,596 €10,640 -€8,957 -45.7%
Amounts payable within one year 42/48 €19,596 €10,640 -€8,957 -45.7%
Trade debts 44 €2,008 €3,563 +€1,555 +77.4%
Suppliers 440/4 €2,008 €3,563 +€1,555 +77.4%
Taxes, remuneration and social security 45 €15,361 €4,861 -€10,500 -68.4%
Taxes 450/3 €15,361 €4,861 -€10,500 -68.4%
Remuneration and social security 454/9 €0 €0 =
Other amounts payable 47/48 €2,227 €2,216 -€11 -0.5%
Turnover 70 €153,951 €140,907 -€13,044 -8.5%
Goods, raw materials, services and sundry goods 60/61 €135,363 €135,868 +€504 +0.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €2,832 €3,687 +€854 +30.2%
Other operating charges 640/8 €101 €400 +€299 +295.9%
Gross operating margin 9900 €23,279 €8,349 -€14,930 -64.1%
Operating profit (loss) 9901 €20,346 €4,263 -€16,083 -79.0%
Financial income 75/76B - €6 +€6
Recurring financial income 75 - €6 +€6
Financial charges 65/66B €1,293 €1,076 -€217 -16.8%
Recurring financial charges 65 €1,293 €1,076 -€217 -16.8%
Profit (loss) for the period before taxes 9903 €19,053 €3,193 -€15,860 -83.2%
Income taxes 67/77 €6,862 €2,249 -€4,612 -67.2%
Profit (loss) for the period 9904 €12,191 €943 -€11,248 -92.3%
Profit (loss) for the period to be appropriated 9905 €12,191 €943 -€11,248 -92.3%

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 30 September 2026 via checked.be.