Nole: 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.
Nole
Largest movements
- Receivables within one year +€51,758
up €51,758 (+297.2%), from €17,415 to €69,172
of which Other amounts receivable: +€64,160
- Deferred charges and accrued income +€26,239
up €26,239 (+5927.9%), from €443 to €26,681
- Cash +€26,169
up €26,169 (+24.2%), from €108,070 to €134,238
mainly Net result for the year (+€131,492) and Depreciation (+€15,748)
- Tangible fixed assets -€4,824
down €4,824 (-18.1%), from €26,660 to €21,837
of which Furniture and vehicles: -€4,494
- Reserves +€131,492
up €131,492 (+116.9%), from €112,454 to €243,946
- Tax, wage and social debts -€29,298
down €29,298 (-93.9%), from €31,194 to €1,896
- Trade debts -€3,817
down €3,817 (-96.9%), from €3,939 to €122
- Gross operating margin +€27,830
up €27,830 (+17.5%), from €158,604 to €186,434
- Taxes +€7,532
up €7,532 (+24.1%), from €31,194 to €38,726
- Depreciation +€3,357
up €3,357 (+27.1%), from €12,391 to €15,748
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 | €152,587 | €251,928 | +€99,341 | +65.1% |
| Fixed assets | 21/28 | €26,660 | €21,837 | -€4,824 | -18.1% |
| Tangible fixed assets | 22/27 | €26,660 | €21,837 | -€4,824 | -18.1% |
| Furniture and vehicles | 24 | €25,148 | €20,654 | -€4,494 | -17.9% |
| Other tangible fixed assets | 26 | €1,512 | €1,183 | -€330 | -21.8% |
| Current assets | 29/58 | €125,927 | €230,092 | +€104,165 | +82.7% |
| Amounts receivable within one year | 40/41 | €17,415 | €69,172 | +€51,758 | +297.2% |
| Trade receivables | 40 | €12,403 | - | -€12,403 | |
| Other amounts receivable | 41 | €5,012 | €69,172 | +€64,160 | +1280.1% |
| Cash at bank and in hand | 54/58 | €108,070 | €134,238 | +€26,169 | +24.2% |
| Deferred charges and accrued income | 490/1 | €443 | €26,681 | +€26,239 | +5927.9% |
| Total equity and liabilities | 10/49 | €152,587 | €251,928 | +€99,341 | +65.1% |
| Equity | 10/15 | €117,454 | €248,946 | +€131,492 | +112.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €112,454 | €243,946 | +€131,492 | +116.9% |
| Distributable reserves | 133 | €112,454 | €243,946 | +€131,492 | +116.9% |
| Amounts payable | 17/49 | €35,133 | €2,982 | -€32,151 | -91.5% |
| Amounts payable within one year | 42/48 | €35,133 | €2,017 | -€33,116 | -94.3% |
| Trade debts | 44 | €3,939 | €122 | -€3,817 | -96.9% |
| Suppliers | 440/4 | €3,939 | €122 | -€3,817 | -96.9% |
| Taxes, remuneration and social security | 45 | €31,194 | €1,896 | -€29,298 | -93.9% |
| Taxes | 450/3 | €31,194 | €1,896 | -€29,298 | -93.9% |
| Accrued charges and deferred income | 492/3 | - | €965 | +€965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,391 | €15,748 | +€3,357 | +27.1% |
| Other operating charges | 640/8 | - | €200 | +€200 | |
| Gross operating margin | 9900 | €158,604 | €186,434 | +€27,830 | +17.5% |
| Operating profit (loss) | 9901 | €146,213 | €170,486 | +€24,273 | +16.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | - | €267 | +€267 | |
| Recurring financial charges | 65 | - | €267 | +€267 | |
| Profit (loss) for the period before taxes | 9903 | €146,213 | €170,218 | +€24,005 | +16.4% |
| Income taxes | 67/77 | €31,194 | €38,726 | +€7,532 | +24.1% |
| Profit (loss) for the period | 9904 | €115,019 | €131,492 | +€16,473 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €115,019 | €131,492 | +€16,473 | +14.3% |
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 2 October 2026 via checked.be.