NOKO: what changed
Two financial 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.
NOKO
Largest movements
- Tangible fixed assets +€21,735
up €21,735 (+917%), from €2,371 to €24,106
of which Furniture and vehicles: +€21,145
- Current investments -€4,110
down €4,110 (-1.6%), from €258,342 to €254,232
- Receivables within one year -€3,445
down €3,445 (-17.2%), from €20,038 to €16,593
of which Other amounts receivable: -€3,800
- Debts after one year +€13,693
new in 2025: €13,693
- Tax, wage and social debts -€5,977
down €5,977 (-38.6%), from €15,485 to €9,508
- Current portion of long-term debt +€4,040
new in 2025: €4,040
- Depreciation +€4,846
up €4,846 (+764%), from €634 to €5,480
- Financial income -€4,067
down €4,067 (-67.2%), from €6,052 to €1,986
- Gross operating margin -€2,555
down €2,555 (-4.8%), from €53,353 to €50,798
- Taxes -€1,844
down €1,844 (-12.3%), from €15,026 to €13,182
- Other operating charges -€1,426
down €1,426 (-43.5%), from €3,276 to €1,851
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.
Derived cash bridge
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 | €298,972 | €311,052 | +€12,080 | +4.0% |
| Fixed assets | 21/28 | €2,371 | €24,106 | +€21,735 | +917% |
| Tangible fixed assets | 22/27 | €2,371 | €24,106 | +€21,735 | +917% |
| Land and buildings | 22 | €908 | €453 | -€455 | -50.1% |
| Plant, machinery and equipment | 23 | €1,463 | €2,508 | +€1,045 | +71.4% |
| Furniture and vehicles | 24 | - | €21,145 | +€21,145 | |
| Current assets | 29/58 | €296,601 | €286,946 | -€9,655 | -3.3% |
| Amounts receivable within one year | 40/41 | €20,038 | €16,593 | -€3,445 | -17.2% |
| Trade receivables | 40 | €4,159 | €4,515 | +€356 | +8.5% |
| Other amounts receivable | 41 | €15,878 | €12,078 | -€3,800 | -23.9% |
| Current investments | 50/53 | €258,342 | €254,232 | -€4,110 | -1.6% |
| Cash at bank and in hand | 54/58 | €12,980 | €10,877 | -€2,104 | -16.2% |
| Deferred charges and accrued income | 490/1 | €5,241 | €5,245 | +€4 | +0.1% |
| Total equity and liabilities | 10/49 | €298,972 | €311,052 | +€12,080 | +4.0% |
| Equity | 10/15 | €281,398 | €282,343 | +€945 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €234,770 | €235,715 | +€945 | +0.4% |
| Distributable reserves | 133 | €234,770 | €235,715 | +€945 | +0.4% |
| Profit (loss) carried forward | 14 | €28,028 | €28,028 | = | 0.0% |
| Amounts payable | 17/49 | €17,574 | €28,709 | +€11,135 | +63.4% |
| Amounts payable after more than one year | 17 | - | €13,693 | +€13,693 | |
| Financial debts | 170/4 | - | €13,693 | +€13,693 | |
| Amounts payable within one year | 42/48 | €17,502 | €14,093 | -€3,409 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,040 | +€4,040 | |
| Trade debts | 44 | €2,016 | €545 | -€1,471 | -73.0% |
| Suppliers | 440/4 | €2,016 | €545 | -€1,471 | -73.0% |
| Taxes, remuneration and social security | 45 | €15,485 | €9,508 | -€5,977 | -38.6% |
| Taxes | 450/3 | €15,485 | €9,508 | -€5,977 | -38.6% |
| Accrued charges and deferred income | 492/3 | €72 | €923 | +€851 | +1,184% |
| Non-recurring operating income | 76A | €2,738 | - | -€2,738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €634 | €5,480 | +€4,846 | +764% |
| Other operating charges | 640/8 | €3,276 | €1,851 | -€1,426 | -43.5% |
| Gross operating margin | 9900 | €53,353 | €50,798 | -€2,555 | -4.8% |
| Operating profit (loss) | 9901 | €49,443 | €43,467 | -€5,976 | -12.1% |
| Financial income | 75/76B | €6,052 | €1,986 | -€4,067 | -67.2% |
| Recurring financial income | 75 | €6,052 | €1,986 | -€4,067 | -67.2% |
| Financial charges | 65/66B | €85 | €861 | +€777 | +919% |
| Recurring financial charges | 65 | €85 | €861 | +€777 | +919% |
| Profit (loss) for the period before taxes | 9903 | €55,411 | €44,591 | -€10,820 | -19.5% |
| Income taxes | 67/77 | €15,026 | €13,182 | -€1,844 | -12.3% |
| Profit (loss) for the period | 9904 | €40,385 | €31,410 | -€8,976 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,385 | €31,410 | -€8,976 | -22.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.