Nogu: 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.
Nogu
Largest movements
- Cash +€9,595
up €9,595 (+44.5%), from €21,555 to €31,150
mainly Net result for the year (+€14,005) and Deferred charges and accrued income (+€6,721)
- Deferred charges and accrued income -€6,721
down €6,721 (-78.6%), from €8,548 to €1,826
- Receivables within one year +€2,781
up €2,781 (+5.4%), from €51,361 to €54,141
- Tangible fixed assets -€1,659
down €1,659 (-15.1%), from €10,968 to €9,309
of which Plant, machinery and equipment: -€890
- Short-term financial debts -€16,733
no longer reported in 2025 (was €16,733)
- Reserves +€14,005
up €14,005 (+23.1%), from €60,751 to €74,756
- Tax, wage and social debts +€4,980
up €4,980 (+54.3%), from €9,166 to €14,146
- Trade debts +€2,899
up €2,899 (+178.4%), from €1,625 to €4,524
- Other debts -€1,156
no longer reported in 2025 (was €1,156)
- Gross operating margin -€25,561
down €25,561 (-47.9%), from €53,376 to €27,815
- Taxes -€2,960
down €2,960 (-25.2%), from €11,732 to €8,772
- Depreciation +€1,418
up €1,418 (+102.7%), from €1,381 to €2,799
- Financial income +€1,256
up €1,256 (+65.8%), from €1,908 to €3,164
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 | €92,432 | €96,427 | +€3,995 | +4.3% |
| Fixed assets | 21/28 | €10,968 | €9,309 | -€1,659 | -15.1% |
| Tangible fixed assets | 22/27 | €10,968 | €9,309 | -€1,659 | -15.1% |
| Plant, machinery and equipment | 23 | €7,588 | €6,699 | -€890 | -11.7% |
| Furniture and vehicles | 24 | €3,380 | €2,611 | -€769 | -22.8% |
| Current assets | 29/58 | €81,463 | €87,118 | +€5,654 | +6.9% |
| Amounts receivable within one year | 40/41 | €51,361 | €54,141 | +€2,781 | +5.4% |
| Other amounts receivable | 41 | €51,361 | €54,141 | +€2,781 | +5.4% |
| Cash at bank and in hand | 54/58 | €21,555 | €31,150 | +€9,595 | +44.5% |
| Deferred charges and accrued income | 490/1 | €8,548 | €1,826 | -€6,721 | -78.6% |
| Total equity and liabilities | 10/49 | €92,432 | €96,427 | +€3,995 | +4.3% |
| Equity | 10/15 | €63,751 | €77,756 | +€14,005 | +22.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €60,751 | €74,756 | +€14,005 | +23.1% |
| Distributable reserves | 133 | €60,751 | €74,756 | +€14,005 | +23.1% |
| Amounts payable | 17/49 | €28,680 | €18,671 | -€10,009 | -34.9% |
| Amounts payable within one year | 42/48 | €28,680 | €18,671 | -€10,009 | -34.9% |
| Financial debts | 43 | €16,733 | - | -€16,733 | |
| Credit institutions | 430/8 | €16,733 | - | -€16,733 | |
| Trade debts | 44 | €1,625 | €4,524 | +€2,899 | +178.4% |
| Suppliers | 440/4 | €1,625 | €4,524 | +€2,899 | +178.4% |
| Taxes, remuneration and social security | 45 | €9,166 | €14,146 | +€4,980 | +54.3% |
| Taxes | 450/3 | €9,166 | €14,146 | +€4,980 | +54.3% |
| Other amounts payable | 47/48 | €1,156 | - | -€1,156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,381 | €2,799 | +€1,418 | +102.7% |
| Other operating charges | 640/8 | €664 | €624 | -€39 | -5.9% |
| Gross operating margin | 9900 | €53,376 | €27,815 | -€25,561 | -47.9% |
| Operating profit (loss) | 9901 | €51,331 | €24,392 | -€26,939 | -52.5% |
| Financial income | 75/76B | €1,908 | €3,164 | +€1,256 | +65.8% |
| Recurring financial income | 75 | €1,908 | €3,164 | +€1,256 | +65.8% |
| Financial charges | 65/66B | €4,247 | €4,779 | +€532 | +12.5% |
| Recurring financial charges | 65 | €4,247 | €4,779 | +€532 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €48,992 | €22,777 | -€26,216 | -53.5% |
| Income taxes | 67/77 | €11,732 | €8,772 | -€2,960 | -25.2% |
| Profit (loss) for the period | 9904 | €37,260 | €14,005 | -€23,256 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,260 | €14,005 | -€23,256 | -62.4% |
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 6 October 2026 via checked.be.