NOLAH: 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.
NOLAH
Largest movements
- Receivables after one year +€94,500
up €94,500 (+1111.8%), from €8,500 to €103,000
- Current investments +€38,500
new in 2025: €38,500
- Cash -€22,098
down €22,098 (-27.9%), from €79,203 to €57,105
mainly Receivables after one year (-€94,500) and Current investments (-€38,500)
- Deferred charges and accrued income +€6,750
up €6,750 (+171.2%), from €3,944 to €10,694
- Reserves +€101,503
up €101,503 (+129.0%), from €78,656 to €180,159
- Other debts +€12,705
up €12,705 (+1614.1%), from €787 to €13,493
- Tax, wage and social debts +€5,804
up €5,804 (+24.6%), from €23,563 to €29,367
of which Taxes: +€5,804
- Gross operating margin +€32,004
up €32,004 (+31.5%), from €101,443 to €133,447
- Taxes +€7,077
up €7,077 (+33.5%), from €21,120 to €28,197
- Financial income +€2,519
up €2,519 (+441.1%), from €571 to €3,090
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 | €108,850 | €226,819 | +€117,969 | +108.4% |
| Fixed assets | 21/28 | €4,364 | €4,556 | +€192 | +4.4% |
| Tangible fixed assets | 22/27 | €4,364 | €4,556 | +€192 | +4.4% |
| Land and buildings | 22 | - | €4,556 | +€4,556 | |
| Furniture and vehicles | 24 | €4,364 | - | -€4,364 | |
| Current assets | 29/58 | €104,486 | €222,263 | +€117,777 | +112.7% |
| Amounts receivable after more than one year | 29 | €8,500 | €103,000 | +€94,500 | +1111.8% |
| Trade receivables | 290 | €8,500 | €103,000 | +€94,500 | +1111.8% |
| Amounts receivable within one year | 40/41 | €12,839 | €12,963 | +€124 | +1.0% |
| Trade receivables | 40 | €12,839 | €12,963 | +€124 | +1.0% |
| Current investments | 50/53 | - | €38,500 | +€38,500 | |
| Cash at bank and in hand | 54/58 | €79,203 | €57,105 | -€22,098 | -27.9% |
| Deferred charges and accrued income | 490/1 | €3,944 | €10,694 | +€6,750 | +171.2% |
| Total equity and liabilities | 10/49 | €108,850 | €226,819 | +€117,969 | +108.4% |
| Equity | 10/15 | €79,656 | €181,159 | +€101,503 | +127.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €78,656 | €180,159 | +€101,503 | +129.0% |
| Distributable reserves | 133 | €78,656 | €180,159 | +€101,503 | +129.0% |
| Amounts payable | 17/49 | €29,194 | €45,661 | +€16,467 | +56.4% |
| Amounts payable after more than one year | 17 | €1,963 | - | -€1,963 | |
| Financial debts | 170/4 | €1,963 | - | -€1,963 | |
| Amounts payable within one year | 42/48 | €27,231 | €45,661 | +€18,430 | +67.7% |
| Current portion of amounts payable after more than one year | 42 | €2,271 | €1,963 | -€308 | -13.6% |
| Trade debts | 44 | €610 | €838 | +€228 | +37.5% |
| Suppliers | 440/4 | €610 | €838 | +€228 | +37.5% |
| Taxes, remuneration and social security | 45 | €23,563 | €29,367 | +€5,804 | +24.6% |
| Taxes | 450/3 | €21,763 | €27,567 | +€5,804 | +26.7% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €787 | €13,493 | +€12,705 | +1614.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €1,259 | +€1,019 | +425.3% |
| Other operating charges | 640/8 | €1,055 | €855 | -€200 | -19.0% |
| Non-recurring operating charges | 66A | - | €3,676 | +€3,676 | |
| Gross operating margin | 9900 | €101,443 | €133,447 | +€32,004 | +31.5% |
| Operating profit (loss) | 9901 | €100,148 | €127,657 | +€27,509 | +27.5% |
| Financial income | 75/76B | €571 | €3,090 | +€2,519 | +441.1% |
| Recurring financial income | 75 | €571 | €3,090 | +€2,519 | +441.1% |
| Financial charges | 65/66B | €84 | €214 | +€130 | +155.4% |
| Recurring financial charges | 65 | €84 | €214 | +€130 | +155.4% |
| Profit (loss) for the period before taxes | 9903 | €100,635 | €130,533 | +€29,898 | +29.7% |
| Income taxes | 67/77 | €21,120 | €28,197 | +€7,077 | +33.5% |
| Profit (loss) for the period | 9904 | €79,515 | €102,336 | +€22,820 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €79,515 | €102,336 | +€22,820 | +28.7% |
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 3 October 2026 via checked.be.