NOFLO: 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.
NOFLO
Largest movements
- Tangible fixed assets +€70,348
up €70,348 (+7520.2%), from €935 to €71,283
of which Furniture and vehicles: +€51,520
- Cash -€42,985
down €42,985 (-38.8%), from €110,794 to €67,808
mainly Contributions, distributions and other (-€169,653) and Investment in fixed assets (net) (-€72,558)
- Receivables within one year +€12,173
up €12,173 (+146.2%), from €8,327 to €20,501
of which Other amounts receivable: +€8,669
- Debts after one year +€42,078
new in 2025: €42,078
- Current portion of long-term debt +€9,702
new in 2025: €9,702
- Other debts -€4,941
down €4,941 (-2.0%), from €244,212 to €239,271
- Trade debts -€3,473
down €3,473 (-100.0%), from €3,473 to €0
No income-statement line moved by more than 1% of the activity.
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 | €268,324 | €310,271 | +€41,947 | +15.6% |
| Fixed assets | 21/28 | €1,935 | €72,283 | +€70,348 | +3634.7% |
| Tangible fixed assets | 22/27 | €935 | €71,283 | +€70,348 | +7520.2% |
| Land and buildings | 22 | - | €18,828 | +€18,828 | |
| Furniture and vehicles | 24 | €935 | €52,456 | +€51,520 | +5507.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €266,389 | €237,987 | -€28,401 | -10.7% |
| Amounts receivable within one year | 40/41 | €8,327 | €20,501 | +€12,173 | +146.2% |
| Trade receivables | 40 | €0 | €3,505 | +€3,505 | |
| Other amounts receivable | 41 | €8,327 | €16,996 | +€8,669 | +104.1% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €110,794 | €67,808 | -€42,985 | -38.8% |
| Deferred charges and accrued income | 490/1 | €97,268 | €99,678 | +€2,411 | +2.5% |
| Total equity and liabilities | 10/49 | €268,324 | €310,271 | +€41,947 | +15.6% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €249,724 | €291,671 | +€41,947 | +16.8% |
| Amounts payable after more than one year | 17 | - | €42,078 | +€42,078 | |
| Financial debts | 170/4 | - | €42,078 | +€42,078 | |
| Amounts payable within one year | 42/48 | €249,724 | €249,593 | -€131 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,702 | +€9,702 | |
| Trade debts | 44 | €3,473 | €0 | -€3,473 | -100.0% |
| Suppliers | 440/4 | €3,473 | €0 | -€3,473 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,039 | €620 | -€1,419 | -69.6% |
| Taxes | 450/3 | €2,039 | €620 | -€1,419 | -69.6% |
| Other amounts payable | 47/48 | €244,212 | €239,271 | -€4,941 | -2.0% |
| Remuneration, social security and pensions | 62 | €3,739 | €3,920 | +€181 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,771 | €2,210 | +€439 | +24.8% |
| Other operating charges | 640/8 | €1,027 | €1,035 | +€8 | +0.8% |
| Gross operating margin | 9900 | €228,635 | €228,539 | -€96 | 0.0% |
| Operating profit (loss) | 9901 | €222,098 | €221,374 | -€724 | -0.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €85 | €390 | +€305 | +358.8% |
| Recurring financial charges | 65 | €85 | €390 | +€305 | +358.8% |
| Profit (loss) for the period before taxes | 9903 | €222,013 | €220,984 | -€1,029 | -0.5% |
| Income taxes | 67/77 | €51,673 | €51,331 | -€341 | -0.7% |
| Profit (loss) for the period | 9904 | €170,340 | €169,653 | -€688 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €170,340 | €169,653 | -€688 | -0.4% |
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 29 September 2026 via checked.be.