Nodeum: 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.
Nodeum
Largest movements
- Current investments +€321,713
up €321,713 (+5972.6%), from €5,386 to €327,100
- Receivables within one year +€159,975
up €159,975 (+64.6%), from €247,666 to €407,641
of which Trade receivables: +€162,160
- Stocks and contracts -€69,403
no longer reported in 2025 (was €69,403)
- Cash +€28,136
up €28,136 (+64.9%), from €43,349 to €71,485
mainly Accrued charges and deferred income (+€338,901) and Net result for the year (+€90,418)
- Accrued charges and deferred income +€338,901
up €338,901 (+322.1%), from €105,210 to €444,111
- Profit (loss) carried forward +€85,049
up €85,049 (+10.6%), from -€801,735 to -€716,685
- Gross operating margin +€32,322
up €32,322 (+36.0%), from €89,773 to €122,095
- Other operating charges +€23,825
up €23,825 (+2190.7%), from €1,088 to €24,913
- Staff costs -€12,644
no longer reported in 2025 (was €12,644)
- Financial charges +€4,261
up €4,261 (+268.7%), from €1,586 to €5,847
- Depreciation -€1,637
down €1,637 (-33.0%), from €4,957 to €3,320
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 | €382,682 | €814,347 | +€431,665 | +112.8% |
| Fixed assets | 21/28 | €4,644 | €1,324 | -€3,320 | -71.5% |
| Tangible fixed assets | 22/27 | €4,644 | €1,324 | -€3,320 | -71.5% |
| Furniture and vehicles | 24 | €4,644 | €1,324 | -€3,320 | -71.5% |
| Current assets | 29/58 | €378,038 | €813,023 | +€434,985 | +115.1% |
| Stocks and contracts in progress | 3 | €69,403 | - | -€69,403 | |
| Contracts in progress | 37 | €69,403 | - | -€69,403 | |
| Amounts receivable within one year | 40/41 | €247,666 | €407,641 | +€159,975 | +64.6% |
| Trade receivables | 40 | €236,463 | €398,623 | +€162,160 | +68.6% |
| Other amounts receivable | 41 | €11,203 | €9,018 | -€2,185 | -19.5% |
| Current investments | 50/53 | €5,386 | €327,100 | +€321,713 | +5972.6% |
| Cash at bank and in hand | 54/58 | €43,349 | €71,485 | +€28,136 | +64.9% |
| Deferred charges and accrued income | 490/1 | €12,233 | €6,797 | -€5,437 | -44.4% |
| Total equity and liabilities | 10/49 | €382,682 | €814,347 | +€431,665 | +112.8% |
| Equity | 10/15 | €265,896 | €356,315 | +€90,418 | +34.0% |
| Contributions | 10/11 | €1,050,000 | €1,050,000 | = | 0.0% |
| Capital | 10 | €1,050,000 | €1,050,000 | = | 0.0% |
| Issued capital | 100 | €1,050,000 | €1,050,000 | = | 0.0% |
| Reserves | 13 | €17,631 | €23,000 | +€5,369 | +30.5% |
| Non-distributable reserves | 130/1 | €17,631 | €23,000 | +€5,369 | +30.5% |
| Legal reserve | 130 | €17,631 | €23,000 | +€5,369 | +30.5% |
| Profit (loss) carried forward | 14 | -€801,735 | -€716,685 | +€85,049 | +10.6% |
| Amounts payable | 17/49 | €116,785 | €458,032 | +€341,247 | +292.2% |
| Amounts payable within one year | 42/48 | €11,575 | €13,921 | +€2,346 | +20.3% |
| Trade debts | 44 | €11,575 | €13,921 | +€2,346 | +20.3% |
| Suppliers | 440/4 | €11,575 | €13,921 | +€2,346 | +20.3% |
| Accrued charges and deferred income | 492/3 | €105,210 | €444,111 | +€338,901 | +322.1% |
| Remuneration, social security and pensions | 62 | €12,644 | - | -€12,644 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,957 | €3,320 | -€1,637 | -33.0% |
| Other operating charges | 640/8 | €1,088 | €24,913 | +€23,825 | +2190.7% |
| Gross operating margin | 9900 | €89,773 | €122,095 | +€32,322 | +36.0% |
| Operating profit (loss) | 9901 | €71,085 | €93,863 | +€22,778 | +32.0% |
| Financial income | 75/76B | €1,187 | €2,403 | +€1,216 | +102.4% |
| Recurring financial income | 75 | €1,187 | €2,403 | +€1,216 | +102.4% |
| Financial charges | 65/66B | €1,586 | €5,847 | +€4,261 | +268.7% |
| Recurring financial charges | 65 | €1,586 | €5,847 | +€4,261 | +268.7% |
| Profit (loss) for the period before taxes | 9903 | €70,686 | €90,418 | +€19,732 | +27.9% |
| Profit (loss) for the period | 9904 | €70,686 | €90,418 | +€19,732 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,686 | €90,418 | +€19,732 | +27.9% |
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 12 October 2026 via checked.be.