NOLARA: 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.
NOLARA
Largest movements
- Cash +€64,994
up €64,994 (+55.7%), from €116,620 to €181,614
mainly Net result for the year (+€74,636) and Other debts (+€18,400)
- Receivables within one year +€16,105
new in 2025: €16,105
of which Trade receivables: +€11,959
- Tangible fixed assets -€6,272
down €6,272 (-20.2%), from €31,019 to €24,746
of which Furniture and vehicles: -€5,614
- Reserves +€54,636
up €54,636 (+19.0%), from €287,963 to €342,599
- Other debts +€18,400
up €18,400 (+1150.0%), from €1,600 to €20,000
- Gross operating margin -€9,671
down €9,671 (-7.6%), from €127,056 to €117,385
- Taxes -€4,905
down €4,905 (-12.4%), from €39,400 to €34,496
- Depreciation +€1,523
up €1,523 (+24.1%), from €6,326 to €7,849
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 | €298,072 | €372,921 | +€74,849 | +25.1% |
| Fixed assets | 21/28 | €181,019 | €174,746 | -€6,272 | -3.5% |
| Tangible fixed assets | 22/27 | €31,019 | €24,746 | -€6,272 | -20.2% |
| Plant, machinery and equipment | 23 | €1,539 | €881 | -€658 | -42.8% |
| Furniture and vehicles | 24 | €29,480 | €23,866 | -€5,614 | -19.0% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €117,054 | €198,175 | +€81,122 | +69.3% |
| Amounts receivable within one year | 40/41 | - | €16,105 | +€16,105 | |
| Trade receivables | 40 | - | €11,959 | +€11,959 | |
| Other amounts receivable | 41 | - | €4,146 | +€4,146 | |
| Cash at bank and in hand | 54/58 | €116,620 | €181,614 | +€64,994 | +55.7% |
| Deferred charges and accrued income | 490/1 | €434 | €456 | +€23 | +5.2% |
| Total equity and liabilities | 10/49 | €298,072 | €372,921 | +€74,849 | +25.1% |
| Equity | 10/15 | €292,963 | €347,599 | +€54,636 | +18.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €287,963 | €342,599 | +€54,636 | +19.0% |
| Distributable reserves | 133 | €287,963 | €342,599 | +€54,636 | +19.0% |
| Amounts payable | 17/49 | €5,109 | €25,323 | +€20,214 | +395.6% |
| Amounts payable within one year | 42/48 | €5,109 | €25,323 | +€20,214 | +395.6% |
| Trade debts | 44 | €386 | €94 | -€292 | -75.6% |
| Suppliers | 440/4 | €386 | €94 | -€292 | -75.6% |
| Taxes, remuneration and social security | 45 | €3,123 | €5,229 | +€2,106 | +67.4% |
| Taxes | 450/3 | €3,123 | €5,229 | +€2,106 | +67.4% |
| Other amounts payable | 47/48 | €1,600 | €20,000 | +€18,400 | +1150.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,326 | €7,849 | +€1,523 | +24.1% |
| Other operating charges | 640/8 | €806 | €804 | -€2 | -0.3% |
| Gross operating margin | 9900 | €127,056 | €117,385 | -€9,671 | -7.6% |
| Operating profit (loss) | 9901 | €119,924 | €108,733 | -€11,191 | -9.3% |
| Financial income | 75/76B | - | €488 | +€488 | |
| Recurring financial income | 75 | - | €488 | +€488 | |
| Financial charges | 65/66B | €49 | €90 | +€41 | +83.4% |
| Recurring financial charges | 65 | €49 | €90 | +€41 | +83.4% |
| Non-recurring financial charges | 66B | - | €90 | +€90 | |
| Profit (loss) for the period before taxes | 9903 | €119,875 | €109,131 | -€10,744 | -9.0% |
| Income taxes | 67/77 | €39,400 | €34,496 | -€4,905 | -12.4% |
| Profit (loss) for the period | 9904 | €80,475 | €74,636 | -€5,839 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,475 | €74,636 | -€5,839 | -7.3% |
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 7 October 2026 via checked.be.