NOFRA ENGINEERING: what changed
NOFRA ENGINEERING
Largest movements
- Cash +€97,222
up €97,222 (+79.8%), from €121,851 to €219,073
mainly Net result for the year (+€111,010) and Receivables within one year (+€14,440)
- Receivables within one year -€14,440
down €14,440 (-85.6%), from €16,860 to €2,420
- Tangible fixed assets -€8,497
down €8,497 (-20.1%), from €42,191 to €33,694
of which Land and buildings: -€5,214
- Reserves +€111,010
up €111,010 (+34.5%), from €321,431 to €432,441
- Advances received -€20,400
no longer reported in 2025 (was €20,400)
- Other debts -€18,000
down €18,000 (-59.8%), from €30,095 to €12,095
- Taxes -€7,420
down €7,420 (-19.7%), from €37,620 to €30,199
- Depreciation -€4,114
down €4,114 (-25.7%), from €16,024 to €11,911
- Gross operating margin +€3,179
up €3,179 (+2.1%), from €149,977 to €153,157
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €401,401 | €475,686 | +€74,286 | +18.5% |
| Fixed assets | 21/28 | €42,191 | €33,694 | -€8,497 | -20.1% |
| Tangible fixed assets | 22/27 | €42,191 | €33,694 | -€8,497 | -20.1% |
| Land and buildings | 22 | €25,590 | €20,376 | -€5,214 | -20.4% |
| Plant, machinery and equipment | 23 | €11,307 | €8,031 | -€3,275 | -29.0% |
| Furniture and vehicles | 24 | €5,294 | €5,286 | -€7 | -0.1% |
| Current assets | 29/58 | €359,210 | €441,992 | +€82,782 | +23.0% |
| Amounts receivable within one year | 40/41 | €16,860 | €2,420 | -€14,440 | -85.6% |
| Trade receivables | 40 | €16,860 | €2,420 | -€14,440 | -85.6% |
| Current investments | 50/53 | €220,500 | €220,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €121,851 | €219,073 | +€97,222 | +79.8% |
| Total equity and liabilities | 10/49 | €401,401 | €475,686 | +€74,286 | +18.5% |
| Equity | 10/15 | €341,431 | €452,441 | +€111,010 | +32.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €321,431 | €432,441 | +€111,010 | +34.5% |
| Distributable reserves | 133 | €321,431 | €432,441 | +€111,010 | +34.5% |
| Amounts payable | 17/49 | €59,970 | €23,246 | -€36,724 | -61.2% |
| Amounts payable within one year | 42/48 | €59,970 | €23,246 | -€36,724 | -61.2% |
| Trade debts | 44 | €1,839 | €1,919 | +€80 | +4.3% |
| Suppliers | 440/4 | €1,839 | €1,919 | +€80 | +4.3% |
| Advances received on contracts in progress | 46 | €20,400 | - | -€20,400 | |
| Taxes, remuneration and social security | 45 | €7,636 | €9,231 | +€1,595 | +20.9% |
| Taxes | 450/3 | €7,636 | €9,231 | +€1,595 | +20.9% |
| Other amounts payable | 47/48 | €30,095 | €12,095 | -€18,000 | -59.8% |
| Remuneration, social security and pensions | 62 | - | €85 | +€85 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,024 | €11,911 | -€4,114 | -25.7% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €149,977 | €153,157 | +€3,179 | +2.1% |
| Operating profit (loss) | 9901 | €133,425 | €140,617 | +€7,192 | +5.4% |
| Financial income | 75/76B | €3 | €664 | +€661 | +23,105% |
| Recurring financial income | 75 | €3 | €664 | +€661 | +23,105% |
| Financial charges | 65/66B | €144 | €72 | -€72 | -50.0% |
| Recurring financial charges | 65 | €144 | €72 | -€72 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €133,284 | €141,209 | +€7,925 | +5.9% |
| Income taxes | 67/77 | €37,620 | €30,199 | -€7,420 | -19.7% |
| Profit (loss) for the period | 9904 | €95,664 | €111,010 | +€15,346 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,664 | €111,010 | +€15,346 | +16.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.