NOLA: 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.
NOLA
Largest movements
- Receivables within one year -€97,343
down €97,343 (-80.5%), from €120,938 to €23,595
of which Other amounts receivable: -€110,351
- Cash +€35,483
up €35,483 (+735%), from €4,826 to €40,309
mainly Receivables within one year (+€97,343) and Net result for the year (+€66,982)
- Reserves -€109,500
down €109,500 (-100%), from €109,500 to €0
- Other debts +€37,747
up €37,747, from €0 to €37,747
- Tax, wage and social debts +€9,127
up €9,127 (+51.9%), from €17,585 to €26,712
- Profit (loss) carried forward +€1,982
up €1,982 (+610%), from €325 to €2,307
- Gross operating margin +€30,414
up €30,414 (+51.7%), from €58,831 to €89,245
- Taxes +€7,160
up €7,160 (+57.2%), from €12,523 to €19,682
- Other operating charges +€996
up €996 (+119%), from €839 to €1,835
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 | €130,232 | €68,906 | -€61,326 | -47.1% |
| Fixed assets | 21/28 | €3,263 | €4,358 | +€1,095 | +33.5% |
| Tangible fixed assets | 22/27 | €3,263 | €4,358 | +€1,095 | +33.5% |
| Plant, machinery and equipment | 23 | €3,263 | €1,596 | -€1,667 | -51.1% |
| Furniture and vehicles | 24 | - | €2,761 | +€2,761 | |
| Current assets | 29/58 | €126,969 | €64,548 | -€62,421 | -49.2% |
| Amounts receivable within one year | 40/41 | €120,938 | €23,595 | -€97,343 | -80.5% |
| Trade receivables | 40 | €10,588 | €23,595 | +€13,008 | +123% |
| Other amounts receivable | 41 | €110,351 | €0 | -€110,351 | -100% |
| Cash at bank and in hand | 54/58 | €4,826 | €40,309 | +€35,483 | +735% |
| Deferred charges and accrued income | 490/1 | €1,205 | €644 | -€561 | -46.6% |
| Total equity and liabilities | 10/49 | €130,232 | €68,906 | -€61,326 | -47.1% |
| Equity | 10/15 | €111,825 | €4,307 | -€107,518 | -96.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €109,500 | €0 | -€109,500 | -100% |
| Distributable reserves | 133 | €109,500 | €0 | -€109,500 | -100% |
| Profit (loss) carried forward | 14 | €325 | €2,307 | +€1,982 | +610% |
| Amounts payable | 17/49 | €18,407 | €64,599 | +€46,192 | +251% |
| Amounts payable within one year | 42/48 | €18,407 | €64,599 | +€46,192 | +251% |
| Trade debts | 44 | €822 | €140 | -€682 | -82.9% |
| Suppliers | 440/4 | €822 | €140 | -€682 | -82.9% |
| Taxes, remuneration and social security | 45 | €17,585 | €26,712 | +€9,127 | +51.9% |
| Taxes | 450/3 | €17,585 | €26,712 | +€9,127 | +51.9% |
| Other amounts payable | 47/48 | €0 | €37,747 | +€37,747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,667 | €2,052 | +€385 | +23.1% |
| Other operating charges | 640/8 | €839 | €1,835 | +€996 | +119% |
| Gross operating margin | 9900 | €58,831 | €89,245 | +€30,414 | +51.7% |
| Operating profit (loss) | 9901 | €56,326 | €85,359 | +€29,033 | +51.5% |
| Financial income | 75/76B | €1,205 | €1,364 | +€159 | +13.2% |
| Recurring financial income | 75 | €1,205 | €1,364 | +€159 | +13.2% |
| Financial charges | 65/66B | €39 | €58 | +€19 | +47.0% |
| Recurring financial charges | 65 | €39 | €58 | +€19 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €57,491 | €86,664 | +€29,173 | +50.7% |
| Income taxes | 67/77 | €12,523 | €19,682 | +€7,160 | +57.2% |
| Profit (loss) for the period | 9904 | €44,968 | €66,982 | +€22,014 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,968 | €66,982 | +€22,014 | +49.0% |
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 15 October 2026 via checked.be.