NODES&TIES: 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.
NODES&TIES
Largest movements
- Deferred charges and accrued income +€28,790
up €28,790 (+2,777%), from €1,037 to €29,827
- Cash -€24,063
down €24,063 (-54.9%), from €43,796 to €19,733
mainly Contributions, distributions and other (-€34,068) and Deferred charges and accrued income (-€28,790)
- Receivables within one year +€7,262
up €7,262 (+1,143%), from €635 to €7,897
of which Trade receivables: +€7,270
- Tangible fixed assets -€807
down €807 (-48.4%), from €1,667 to €859
- Profit (loss) carried forward +€12,413
new in 2025: €12,413
- Reserves -€10,235
down €10,235 (-30.8%), from €33,235 to €23,000
- Tax, wage and social debts +€5,928
up €5,928 (+246%), from €2,411 to €8,339
- Other debts +€2,989
up €2,989 (+45.0%), from €6,642 to €9,631
- Gross operating margin +€24,946
up €24,946 (+95.6%), from €26,080 to €51,026
- Taxes +€7,371
up €7,371 (+151%), from €4,893 to €12,264
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 | €48,308 | €59,026 | +€10,719 | +22.2% |
| Formation expenses | 20 | €1,173 | €710 | -€463 | -39.5% |
| Fixed assets | 21/28 | €1,667 | €859 | -€807 | -48.4% |
| Tangible fixed assets | 22/27 | €1,667 | €859 | -€807 | -48.4% |
| Plant, machinery and equipment | 23 | €1,667 | €859 | -€807 | -48.4% |
| Current assets | 29/58 | €45,468 | €57,457 | +€11,989 | +26.4% |
| Amounts receivable within one year | 40/41 | €635 | €7,897 | +€7,262 | +1,143% |
| Trade receivables | 40 | €20 | €7,290 | +€7,270 | +36,385% |
| Other amounts receivable | 41 | €615 | €608 | -€8 | -1.2% |
| Cash at bank and in hand | 54/58 | €43,796 | €19,733 | -€24,063 | -54.9% |
| Deferred charges and accrued income | 490/1 | €1,037 | €29,827 | +€28,790 | +2,777% |
| Total equity and liabilities | 10/49 | €48,308 | €59,026 | +€10,719 | +22.2% |
| Equity | 10/15 | €38,235 | €40,413 | +€2,178 | +5.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €33,235 | €23,000 | -€10,235 | -30.8% |
| Distributable reserves | 133 | €33,235 | €23,000 | -€10,235 | -30.8% |
| Profit (loss) carried forward | 14 | - | €12,413 | +€12,413 | |
| Amounts payable | 17/49 | €10,073 | €18,614 | +€8,541 | +84.8% |
| Amounts payable within one year | 42/48 | €9,726 | €18,614 | +€8,888 | +91.4% |
| Financial debts | 43 | - | €267 | +€267 | |
| Credit institutions | 430/8 | - | €267 | +€267 | |
| Trade debts | 44 | €672 | €376 | -€297 | -44.1% |
| Suppliers | 440/4 | €672 | €376 | -€297 | -44.1% |
| Taxes, remuneration and social security | 45 | €2,411 | €8,339 | +€5,928 | +246% |
| Taxes | 450/3 | €2,411 | €8,339 | +€5,928 | +246% |
| Other amounts payable | 47/48 | €6,642 | €9,631 | +€2,989 | +45.0% |
| Accrued charges and deferred income | 492/3 | €347 | - | -€347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,069 | €1,270 | +€201 | +18.8% |
| Other operating charges | 640/8 | €577 | €702 | +€125 | +21.7% |
| Gross operating margin | 9900 | €26,080 | €51,026 | +€24,946 | +95.6% |
| Operating profit (loss) | 9901 | €24,434 | €49,053 | +€24,619 | +101% |
| Financial charges | 65/66B | €472 | €543 | +€71 | +15.1% |
| Recurring financial charges | 65 | €472 | €543 | +€71 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €23,962 | €48,510 | +€24,548 | +102% |
| Income taxes | 67/77 | €4,893 | €12,264 | +€7,371 | +151% |
| Profit (loss) for the period | 9904 | €19,068 | €36,246 | +€17,177 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,068 | €36,246 | +€17,177 | +90.1% |
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 1 November 2026 via checked.be.