NOHLEN: 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.
NOHLEN
Largest movements
- Cash +€441,042
up €441,042 (+125.8%), from €350,528 to €791,570
mainly Other debts (+€746,999) and Depreciation (+€283,358)
- Tangible fixed assets -€283,358
down €283,358 (-4.7%), from €6.1m to €5.8m
of which Land and buildings: -€265,731
- Other debts +€746,999
up €746,999 (+19828.1%), from €3,767 to €750,766
- Reserves -€487,019
down €487,019 (-26.5%), from €1.8m to €1.4m
of which Distributable reserves: -€487,019
- Gross operating margin -€149,715
down €149,715 (-16.5%), from €909,599 to €759,883
- Taxes -€41,312
down €41,312 (-32.1%), from €128,760 to €87,448
- Financial charges -€11,244
down €11,244 (-95.0%), from €11,840 to €596
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 | €6,448,060 | €6,645,352 | +€197,292 | +3.1% |
| Fixed assets | 21/28 | €6,088,623 | €5,805,264 | -€283,358 | -4.7% |
| Tangible fixed assets | 22/27 | €6,088,623 | €5,805,264 | -€283,358 | -4.7% |
| Land and buildings | 22 | €6,024,103 | €5,758,372 | -€265,731 | -4.4% |
| Furniture and vehicles | 24 | €64,520 | €46,893 | -€17,627 | -27.3% |
| Current assets | 29/58 | €359,438 | €840,088 | +€480,650 | +133.7% |
| Amounts receivable within one year | 40/41 | €8,910 | €48,463 | +€39,554 | +443.9% |
| Trade receivables | 40 | €8,910 | €34,919 | +€26,009 | +291.9% |
| Other amounts receivable | 41 | €0 | €13,545 | +€13,545 | |
| Cash at bank and in hand | 54/58 | €350,528 | €791,570 | +€441,042 | +125.8% |
| Deferred charges and accrued income | 490/1 | - | €54 | +€54 | |
| Total equity and liabilities | 10/49 | €6,448,060 | €6,645,352 | +€197,292 | +3.1% |
| Equity | 10/15 | €6,339,087 | €5,852,067 | -€487,019 | -7.7% |
| Contributions | 10/11 | €4,500,000 | €4,500,000 | = | 0.0% |
| Capital | 10 | €4,500,000 | €4,500,000 | = | 0.0% |
| Issued capital | 100 | €4,500,000 | €4,500,000 | = | 0.0% |
| Reserves | 13 | €1,839,087 | €1,352,067 | -€487,019 | -26.5% |
| Non-distributable reserves | 130/1 | €58,633 | €58,633 | = | 0.0% |
| Legal reserve | 130 | €58,633 | €58,633 | = | 0.0% |
| Distributable reserves | 133 | €1,780,454 | €1,293,434 | -€487,019 | -27.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €108,973 | €793,285 | +€684,311 | +628.0% |
| Amounts payable within one year | 42/48 | €77,203 | €793,285 | +€716,082 | +927.5% |
| Trade debts | 44 | €2,798 | €549 | -€2,249 | -80.4% |
| Suppliers | 440/4 | €2,798 | €549 | -€2,249 | -80.4% |
| Taxes, remuneration and social security | 45 | €70,638 | €41,970 | -€28,668 | -40.6% |
| Taxes | 450/3 | €70,638 | €41,970 | -€28,668 | -40.6% |
| Other amounts payable | 47/48 | €3,767 | €750,766 | +€746,999 | +19828.1% |
| Accrued charges and deferred income | 492/3 | €31,771 | €0 | -€31,771 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283,358 | €283,358 | = | 0.0% |
| Other operating charges | 640/8 | €129,980 | €128,846 | -€1,133 | -0.9% |
| Gross operating margin | 9900 | €909,599 | €759,883 | -€149,715 | -16.5% |
| Operating profit (loss) | 9901 | €496,261 | €347,679 | -€148,582 | -29.9% |
| Financial income | 75/76B | €29 | €3,346 | +€3,317 | +11406.4% |
| Recurring financial income | 75 | €29 | €3,346 | +€3,317 | +11406.4% |
| Financial charges | 65/66B | €11,840 | €596 | -€11,244 | -95.0% |
| Recurring financial charges | 65 | €11,840 | €596 | -€11,244 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | €484,450 | €350,429 | -€134,022 | -27.7% |
| Income taxes | 67/77 | €128,760 | €87,448 | -€41,312 | -32.1% |
| Profit (loss) for the period | 9904 | €355,691 | €262,981 | -€92,710 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €355,691 | €262,981 | -€92,710 | -26.1% |
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 30 September 2026 via checked.be.