NOGULO: what changed
NOGULO
Largest movements
- Receivables within one year +€12,776
up €12,776 (+29.2%), from €43,741 to €56,518
of which Trade receivables: +€7,594
- Tangible fixed assets -€9,251
down €9,251 (-10.1%), from €91,412 to €82,161
of which Land and buildings: -€7,811
- Cash -€8,050
down €8,050 (-33.9%), from €23,739 to €15,690
mainly Receivables within one year (-€12,776) and Accrued charges and deferred income (-€5,080)
- Stocks and contracts +€2,046
up €2,046 (+20.5%), from €9,970 to €12,016
- Accrued charges and deferred income -€5,080
down €5,080 (-38.8%), from €13,090 to €8,010
- Reserves +€5,000
up €5,000 (+20.0%), from €25,000 to €30,000
- Other debts -€2,529
down €2,529 (-4.2%), from €60,621 to €58,093
- Gross operating margin -€3,323
down €3,323 (-11.4%), from €29,125 to €25,802
- Taxes -€1,753
down €1,753 (-43.3%), from €4,050 to €2,297
- Other operating charges +€340
up €340 (+9.3%), from €3,661 to €4,001
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 | €170,831 | €168,088 | -€2,743 | -1.6% |
| Fixed assets | 21/28 | €91,412 | €82,161 | -€9,251 | -10.1% |
| Tangible fixed assets | 22/27 | €91,412 | €82,161 | -€9,251 | -10.1% |
| Land and buildings | 22 | €82,982 | €75,171 | -€7,811 | -9.4% |
| Plant, machinery and equipment | 23 | €561 | €339 | -€222 | -39.6% |
| Furniture and vehicles | 24 | €7,869 | €6,651 | -€1,218 | -15.5% |
| Current assets | 29/58 | €79,419 | €85,927 | +€6,508 | +8.2% |
| Stocks and contracts in progress | 3 | €9,970 | €12,016 | +€2,046 | +20.5% |
| Stocks | 30/36 | €9,970 | €12,016 | +€2,046 | +20.5% |
| Amounts receivable within one year | 40/41 | €43,741 | €56,518 | +€12,776 | +29.2% |
| Trade receivables | 40 | €17,608 | €25,202 | +€7,594 | +43.1% |
| Other amounts receivable | 41 | €26,133 | €31,316 | +€5,182 | +19.8% |
| Cash at bank and in hand | 54/58 | €23,739 | €15,690 | -€8,050 | -33.9% |
| Deferred charges and accrued income | 490/1 | €1,968 | €1,704 | -€264 | -13.4% |
| Total equity and liabilities | 10/49 | €170,831 | €168,088 | -€2,743 | -1.6% |
| Equity | 10/15 | €93,412 | €98,951 | +€5,539 | +5.9% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €25,000 | €30,000 | +€5,000 | +20.0% |
| Distributable reserves | 133 | €25,000 | €30,000 | +€5,000 | +20.0% |
| Profit (loss) carried forward | 14 | €60,212 | €60,751 | +€539 | +0.9% |
| Amounts payable | 17/49 | €77,419 | €69,137 | -€8,281 | -10.7% |
| Amounts payable within one year | 42/48 | €64,329 | €61,128 | -€3,201 | -5.0% |
| Trade debts | 44 | €2,968 | €2,295 | -€673 | -22.7% |
| Suppliers | 440/4 | €2,968 | €2,295 | -€673 | -22.7% |
| Advances received on contracts in progress | 46 | €240 | €240 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €500 | €500 | = | 0.0% |
| Taxes | 450/3 | €500 | €500 | = | 0.0% |
| Other amounts payable | 47/48 | €60,621 | €58,093 | -€2,529 | -4.2% |
| Accrued charges and deferred income | 492/3 | €13,090 | €8,010 | -€5,080 | -38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,013 | €9,820 | -€193 | -1.9% |
| Other operating charges | 640/8 | €3,661 | €4,001 | +€340 | +9.3% |
| Gross operating margin | 9900 | €29,125 | €25,802 | -€3,323 | -11.4% |
| Operating profit (loss) | 9901 | €15,451 | €11,981 | -€3,470 | -22.5% |
| Financial income | 75/76B | €7 | €1 | -€6 | -85.6% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -85.6% |
| Financial charges | 65/66B | €1,581 | €1,547 | -€34 | -2.2% |
| Recurring financial charges | 65 | €1,581 | €1,547 | -€34 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €13,877 | €10,436 | -€3,441 | -24.8% |
| Income taxes | 67/77 | €4,050 | €2,297 | -€1,753 | -43.3% |
| Profit (loss) for the period | 9904 | €9,827 | €8,139 | -€1,688 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,827 | €8,139 | -€1,688 | -17.2% |
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 4 November 2026 via checked.be.