NODETECH: 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.
NODETECH
Largest movements
- Stocks and contracts -€301,011
down €301,011 (-57.6%), from €522,197 to €221,186
- Cash +€220,877
up €220,877 (+74.9%), from €294,858 to €515,735
mainly Stocks and contracts (+€301,011) and Depreciation (+€191,450)
- Receivables within one year +€156,812
up €156,812 (+55.4%), from €283,068 to €439,881
of which Trade receivables: +€111,766
- Tangible fixed assets -€28,370
down €28,370 (-6.2%), from €455,444 to €427,074
of which Leasing and similar rights: -€25,653
- Profit (loss) carried forward +€172,811
up €172,811 (+50.6%), from €341,376 to €514,187
- Advances received -€148,635
down €148,635 (-98.9%), from €150,232 to €1,597
- Trade debts +€53,715
up €53,715 (+12.2%), from €439,324 to €493,039
- Tax, wage and social debts -€37,467
down €37,467 (-33.2%), from €112,985 to €75,519
of which Taxes: -€39,369
- Debts after one year -€28,003
down €28,003 (-10.0%), from €278,682 to €250,678
- Gross operating margin +€359,629
up €359,629 (+37.9%), from €947,758 to €1.3m
- Staff costs +€91,233
up €91,233 (+12.4%), from €733,437 to €824,669
- Taxes +€76,379
up €76,379 (+634.1%), from €12,046 to €88,425
- Depreciation +€17,448
up €17,448 (+10.0%), from €174,001 to €191,450
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,562,993 | €1,607,276 | +€44,282 | +2.8% |
| Fixed assets | 21/28 | €455,694 | €427,324 | -€28,370 | -6.2% |
| Tangible fixed assets | 22/27 | €455,444 | €427,074 | -€28,370 | -6.2% |
| Plant, machinery and equipment | 23 | €17,822 | €18,515 | +€693 | +3.9% |
| Furniture and vehicles | 24 | €9,839 | €7,029 | -€2,810 | -28.6% |
| Leasing and similar rights | 25 | €426,285 | €400,631 | -€25,653 | -6.0% |
| Other tangible fixed assets | 26 | €1,498 | €898 | -€600 | -40.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,107,299 | €1,179,951 | +€72,652 | +6.6% |
| Stocks and contracts in progress | 3 | €522,197 | €221,186 | -€301,011 | -57.6% |
| Contracts in progress | 37 | €522,197 | €221,186 | -€301,011 | -57.6% |
| Amounts receivable within one year | 40/41 | €283,068 | €439,881 | +€156,812 | +55.4% |
| Trade receivables | 40 | €227,899 | €339,665 | +€111,766 | +49.0% |
| Other amounts receivable | 41 | €55,170 | €100,216 | +€45,046 | +81.6% |
| Cash at bank and in hand | 54/58 | €294,858 | €515,735 | +€220,877 | +74.9% |
| Deferred charges and accrued income | 490/1 | €7,176 | €3,150 | -€4,026 | -56.1% |
| Total equity and liabilities | 10/49 | €1,562,993 | €1,607,276 | +€44,282 | +2.8% |
| Equity | 10/15 | €421,836 | €594,647 | +€172,811 | +41.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,860 | €61,860 | = | 0.0% |
| Distributable reserves | 133 | €61,860 | €61,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €341,376 | €514,187 | +€172,811 | +50.6% |
| Amounts payable | 17/49 | €1,141,157 | €1,012,629 | -€128,528 | -11.3% |
| Amounts payable after more than one year | 17 | €278,682 | €250,678 | -€28,003 | -10.0% |
| Financial debts | 170/4 | €278,682 | €250,678 | -€28,003 | -10.0% |
| Amounts payable within one year | 42/48 | €852,090 | €732,901 | -€119,188 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €149,374 | €162,572 | +€13,198 | +8.8% |
| Trade debts | 44 | €439,324 | €493,039 | +€53,715 | +12.2% |
| Suppliers | 440/4 | €439,324 | €493,039 | +€53,715 | +12.2% |
| Advances received on contracts in progress | 46 | €150,232 | €1,597 | -€148,635 | -98.9% |
| Taxes, remuneration and social security | 45 | €112,985 | €75,519 | -€37,467 | -33.2% |
| Taxes | 450/3 | €44,963 | €5,594 | -€39,369 | -87.6% |
| Remuneration and social security | 454/9 | €68,022 | €69,925 | +€1,903 | +2.8% |
| Other amounts payable | 47/48 | €174 | €174 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,386 | €29,049 | +€18,664 | +179.7% |
| Non-recurring operating income | 76A | €1,388 | - | -€1,388 | |
| Remuneration, social security and pensions | 62 | €733,437 | €824,669 | +€91,233 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,001 | €191,450 | +€17,448 | +10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,136 | - | +€11,136 | |
| Other operating charges | 640/8 | €17,399 | €18,038 | +€638 | +3.7% |
| Non-recurring operating charges | 66A | €780 | €63 | -€717 | -91.9% |
| Gross operating margin | 9900 | €947,758 | €1,307,387 | +€359,629 | +37.9% |
| Operating profit (loss) | 9901 | €33,278 | €273,167 | +€239,889 | +720.9% |
| Financial income | 75/76B | €5,880 | €30 | -€5,850 | -99.5% |
| Recurring financial income | 75 | €5,880 | €30 | -€5,850 | -99.5% |
| Financial charges | 65/66B | €12,063 | €11,962 | -€102 | -0.8% |
| Recurring financial charges | 65 | €12,063 | €11,962 | -€102 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €27,094 | €261,235 | +€234,141 | +864.2% |
| Income taxes | 67/77 | €12,046 | €88,425 | +€76,379 | +634.1% |
| Profit (loss) for the period | 9904 | €15,048 | €172,811 | +€157,762 | +1048.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,048 | €172,811 | +€157,762 | +1048.4% |
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.