NOLAN ENGINEERING: 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.
NOLAN ENGINEERING
Largest movements
- Receivables within one year +€78,282
up €78,282 (+417.2%), from €18,764 to €97,046
of which Trade receivables: +€79,096
- Tangible fixed assets -€7,703
down €7,703 (-26.2%), from €29,391 to €21,688
of which Other tangible fixed assets: -€4,928
- Cash -€5,140
down €5,140 (-15.7%), from €32,745 to €27,605
mainly Receivables within one year (-€78,282) and Contributions, distributions and other (-€61,935)
- Deferred charges and accrued income -€2,619
down €2,619 (-80.8%), from €3,243 to €624
- Trade debts +€78,067
up €78,067 (+2428.7%), from €3,214 to €81,282
- Reserves -€41,613
down €41,613 (-82.9%), from €50,174 to €8,561
- Other debts +€27,658
up €27,658 (+426.2%), from €6,489 to €34,147
- Debts after one year -€3,374
down €3,374 (-35.5%), from €9,491 to €6,117
- Tax, wage and social debts +€2,329
up €2,329 (+35.7%), from €6,528 to €8,857
of which Taxes: +€1,829
- Gross operating margin -€2,445
down €2,445 (-4.9%), from €49,514 to €47,069
- Depreciation -€1,725
down €1,725 (-18.7%), from €9,208 to €7,483
- Financial charges -€1,379
down €1,379 (-20.0%), from €6,900 to €5,521
- Taxes -€1,327
down €1,327 (-17.7%), from €7,490 to €6,164
- Other operating charges +€522
up €522 (+46.3%), from €1,127 to €1,648
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 | €84,144 | €147,941 | +€63,798 | +75.8% |
| Fixed assets | 21/28 | €29,391 | €21,688 | -€7,703 | -26.2% |
| Tangible fixed assets | 22/27 | €29,391 | €21,688 | -€7,703 | -26.2% |
| Land and buildings | 22 | €4,938 | €4,233 | -€705 | -14.3% |
| Plant, machinery and equipment | 23 | €3,361 | €4,631 | +€1,270 | +37.8% |
| Furniture and vehicles | 24 | €6,593 | €5,186 | -€1,407 | -21.3% |
| Leasing and similar rights | 25 | €9,571 | €7,639 | -€1,932 | -20.2% |
| Other tangible fixed assets | 26 | €4,928 | €0 | -€4,928 | -100.0% |
| Current assets | 29/58 | €54,753 | €126,253 | +€71,501 | +130.6% |
| Amounts receivable within one year | 40/41 | €18,764 | €97,046 | +€78,282 | +417.2% |
| Trade receivables | 40 | €17,950 | €97,046 | +€79,096 | +440.7% |
| Other amounts receivable | 41 | €815 | €0 | -€815 | -100.0% |
| Current investments | 50/53 | - | €978 | +€978 | |
| Cash at bank and in hand | 54/58 | €32,745 | €27,605 | -€5,140 | -15.7% |
| Deferred charges and accrued income | 490/1 | €3,243 | €624 | -€2,619 | -80.8% |
| Total equity and liabilities | 10/49 | €84,144 | €147,941 | +€63,798 | +75.8% |
| Equity | 10/15 | €55,174 | €13,561 | -€41,613 | -75.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €50,174 | €8,561 | -€41,613 | -82.9% |
| Distributable reserves | 133 | €50,174 | €8,561 | -€41,613 | -82.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €28,970 | €134,381 | +€105,411 | +363.9% |
| Amounts payable after more than one year | 17 | €9,491 | €6,117 | -€3,374 | -35.5% |
| Financial debts | 170/4 | €9,491 | €6,117 | -€3,374 | -35.5% |
| Amounts payable within one year | 42/48 | €19,478 | €127,660 | +€108,182 | +555.4% |
| Current portion of amounts payable after more than one year | 42 | €3,247 | €3,374 | +€127 | +3.9% |
| Trade debts | 44 | €3,214 | €81,282 | +€78,067 | +2428.7% |
| Suppliers | 440/4 | €3,214 | €81,282 | +€78,067 | +2428.7% |
| Taxes, remuneration and social security | 45 | €6,528 | €8,857 | +€2,329 | +35.7% |
| Taxes | 450/3 | €6,528 | €8,357 | +€1,829 | +28.0% |
| Remuneration and social security | 454/9 | €0 | €500 | +€500 | |
| Other amounts payable | 47/48 | €6,489 | €34,147 | +€27,658 | +426.2% |
| Accrued charges and deferred income | 492/3 | €0 | €603 | +€603 | |
| Remuneration, social security and pensions | 62 | €37 | €0 | -€37 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,208 | €7,483 | -€1,725 | -18.7% |
| Other operating charges | 640/8 | €1,127 | €1,648 | +€522 | +46.3% |
| Non-recurring operating charges | 66A | €545 | €5,932 | +€5,387 | +987.8% |
| Gross operating margin | 9900 | €49,514 | €47,069 | -€2,445 | -4.9% |
| Operating profit (loss) | 9901 | €38,597 | €32,005 | -€6,592 | -17.1% |
| Financial income | 75/76B | €0 | €1 | +€0 | +354.5% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +354.5% |
| Financial charges | 65/66B | €6,900 | €5,521 | -€1,379 | -20.0% |
| Recurring financial charges | 65 | €6,900 | €5,521 | -€1,379 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €31,697 | €26,485 | -€5,212 | -16.4% |
| Income taxes | 67/77 | €7,490 | €6,164 | -€1,327 | -17.7% |
| Profit (loss) for the period | 9904 | €24,207 | €20,322 | -€3,885 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,207 | €20,322 | -€3,885 | -16.1% |
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 6 October 2026 via checked.be.