NOLARIS: 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.
NOLARIS
Largest movements
- Tangible fixed assets +€517,840
up €517,840 (+131.0%), from €395,228 to €913,068
- Other debts +€518,066
up €518,066 (+123.4%), from €419,681 to €937,746
- Taxes +€1,664
new in 2026: €1,664
- Gross operating margin +€1,347
up €1,347 (+13.2%), from €10,233 to €11,580
- Other operating charges +€1,011
up €1,011 (+120.6%), from €838 to €1,849
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,366,229 | €3,894,005 | +€527,776 | +15.7% |
| Fixed assets | 21/28 | €3,345,228 | €3,863,068 | +€517,840 | +15.5% |
| Tangible fixed assets | 22/27 | €395,228 | €913,068 | +€517,840 | +131.0% |
| Land and buildings | 22 | €395,228 | €913,068 | +€517,840 | +131.0% |
| Financial fixed assets | 28 | €2,950,000 | €2,950,000 | = | 0.0% |
| Current assets | 29/58 | €21,001 | €30,937 | +€9,936 | +47.3% |
| Cash at bank and in hand | 54/58 | €1,324 | €30,937 | +€29,613 | +2237.3% |
| Deferred charges and accrued income | 490/1 | €19,677 | - | -€19,677 | |
| Total equity and liabilities | 10/49 | €3,366,229 | €3,894,005 | +€527,776 | +15.7% |
| Equity | 10/15 | €2,946,548 | €2,954,570 | +€8,022 | +0.3% |
| Contributions | 10/11 | €2,950,000 | €2,950,000 | = | 0.0% |
| Capital | 10 | €2,950,000 | €2,950,000 | = | 0.0% |
| Issued capital | 100 | €2,950,000 | €2,950,000 | = | 0.0% |
| Reserves | 13 | - | €4,570 | +€4,570 | |
| Non-distributable reserves | 130/1 | - | €229 | +€229 | |
| Legal reserve | 130 | - | €229 | +€229 | |
| Distributable reserves | 133 | - | €4,342 | +€4,342 | |
| Profit (loss) carried forward | 14 | -€3,452 | - | +€3,452 | |
| Amounts payable | 17/49 | €419,681 | €939,435 | +€519,754 | +123.8% |
| Amounts payable within one year | 42/48 | €419,681 | €939,435 | +€519,754 | +123.8% |
| Taxes, remuneration and social security | 45 | - | €1,688 | +€1,688 | |
| Taxes | 450/3 | - | €1,688 | +€1,688 | |
| Other amounts payable | 47/48 | €419,681 | €937,746 | +€518,066 | +123.4% |
| Other operating charges | 640/8 | €838 | €1,849 | +€1,011 | +120.6% |
| Gross operating margin | 9900 | €10,233 | €11,580 | +€1,347 | +13.2% |
| Operating profit (loss) | 9901 | €9,394 | €9,731 | +€336 | +3.6% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €9,351 | €9,686 | +€335 | +3.6% |
| Income taxes | 67/77 | - | €1,664 | +€1,664 | |
| Profit (loss) for the period | 9904 | €9,351 | €8,022 | -€1,329 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,351 | €8,022 | -€1,329 | -14.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.