NOLAD: 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.
NOLAD
Largest movements
- Receivables within one year +€30,656
up €30,656 (+144.4%), from €21,223 to €51,879
of which Trade receivables: +€24,757
- Cash +€27,606
up €27,606 (+28.8%), from €95,831 to €123,437
mainly Other debts (+€83,592) and Net result for the year (+€73,742)
- Other debts +€83,592
up €83,592 (+188.8%), from €44,275 to €127,866
- Profit (loss) carried forward -€46,258
down €46,258 (-76.2%), from €60,743 to €14,485
- Tax, wage and social debts +€21,797
up €21,797 (+192.5%), from €11,322 to €33,119
- Financial charges -€51,038
down €51,038 (-89.5%), from €57,022 to €5,984
- Gross operating margin +€43,394
up €43,394 (+73.3%), from €59,205 to €102,599
- Taxes +€24,252
up €24,252, from -€3,484 to €20,768
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 | €120,191 | €180,858 | +€60,668 | +50.5% |
| Fixed assets | 21/28 | €283 | €1,378 | +€1,095 | +386.7% |
| Tangible fixed assets | 22/27 | €283 | €1,378 | +€1,095 | +386.7% |
| Furniture and vehicles | 24 | €283 | €1,378 | +€1,095 | +386.7% |
| Current assets | 29/58 | €119,907 | €179,480 | +€59,573 | +49.7% |
| Amounts receivable within one year | 40/41 | €21,223 | €51,879 | +€30,656 | +144.4% |
| Trade receivables | 40 | €21,223 | €45,980 | +€24,757 | +116.7% |
| Other amounts receivable | 41 | - | €5,899 | +€5,899 | |
| Cash at bank and in hand | 54/58 | €95,831 | €123,437 | +€27,606 | +28.8% |
| Deferred charges and accrued income | 490/1 | €2,853 | €4,163 | +€1,310 | +45.9% |
| Total equity and liabilities | 10/49 | €120,191 | €180,858 | +€60,668 | +50.5% |
| Equity | 10/15 | €63,743 | €17,485 | -€46,258 | -72.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,743 | €14,485 | -€46,258 | -76.2% |
| Amounts payable | 17/49 | €56,448 | €163,374 | +€106,925 | +189.4% |
| Amounts payable within one year | 42/48 | €56,448 | €163,374 | +€106,925 | +189.4% |
| Trade debts | 44 | €852 | €2,388 | +€1,537 | +180.5% |
| Suppliers | 440/4 | €852 | €2,388 | +€1,537 | +180.5% |
| Taxes, remuneration and social security | 45 | €11,322 | €33,119 | +€21,797 | +192.5% |
| Taxes | 450/3 | €11,322 | €33,119 | +€21,797 | +192.5% |
| Other amounts payable | 47/48 | €44,275 | €127,866 | +€83,592 | +188.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217 | €644 | +€427 | +197.1% |
| Other operating charges | 640/8 | €1,848 | €1,479 | -€369 | -20.0% |
| Gross operating margin | 9900 | €59,205 | €102,599 | +€43,394 | +73.3% |
| Operating profit (loss) | 9901 | €57,141 | €100,477 | +€43,336 | +75.8% |
| Financial income | 75/76B | €4 | €17 | +€13 | +303.7% |
| Recurring financial income | 75 | €4 | €17 | +€13 | +303.7% |
| Financial charges | 65/66B | €57,022 | €5,984 | -€51,038 | -89.5% |
| Recurring financial charges | 65 | €57,022 | €5,984 | -€51,038 | -89.5% |
| Profit (loss) for the period before taxes | 9903 | €122 | €94,510 | +€94,388 | +77126.7% |
| Income taxes | 67/77 | -€3,484 | €20,768 | +€24,252 | |
| Profit (loss) for the period | 9904 | €3,606 | €73,742 | +€70,136 | +1944.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,606 | €73,742 | +€70,136 | +1944.8% |
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 5 October 2026 via checked.be.