NOLENCO: what changed
Two financial 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.
NOLENCO
Largest movements
- Cash +€39,383
up €39,383 (+104%), from €37,910 to €77,293
mainly Net result for the year (+€29,536) and Depreciation (+€10,681)
- Receivables within one year +€10,908
up €10,908 (+99.6%), from €10,954 to €21,862
of which Trade receivables: +€10,972
- Tangible fixed assets -€10,681
down €10,681 (-25.8%), from €41,474 to €30,793
of which Furniture and vehicles: -€10,334
- Reserves +€28,703
up €28,703 (+83.4%), from €34,428 to €63,131
- Trade debts +€10,199
up €10,199 (+2,614%), from €390 to €10,590
- Debts after one year -€10,016
down €10,016 (-32.6%), from €30,753 to €20,737
- Tax, wage and social debts +€4,886
up €4,886 (+38.4%), from €12,713 to €17,599
- Short-term financial debts +€3,143
new in 2025: €3,143
- Gross operating margin -€9,393
down €9,393 (-15.3%), from €61,233 to €51,840
- Taxes -€1,294
down €1,294 (-12.9%), from €10,006 to €8,712
- Depreciation -€1,249
down €1,249 (-10.5%), from €11,929 to €10,681
- Financial charges -€1,063
down €1,063 (-27.6%), from €3,847 to €2,784
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.
Derived cash bridge
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 | €92,461 | €132,125 | +€39,664 | +42.9% |
| Fixed assets | 21/28 | €41,474 | €30,793 | -€10,681 | -25.8% |
| Tangible fixed assets | 22/27 | €41,474 | €30,793 | -€10,681 | -25.8% |
| Plant, machinery and equipment | 23 | €1,382 | €1,035 | -€347 | -25.1% |
| Furniture and vehicles | 24 | €40,091 | €29,758 | -€10,334 | -25.8% |
| Current assets | 29/58 | €50,987 | €101,332 | +€50,344 | +98.7% |
| Amounts receivable within one year | 40/41 | €10,954 | €21,862 | +€10,908 | +99.6% |
| Trade receivables | 40 | €10,890 | €21,862 | +€10,972 | +101% |
| Other amounts receivable | 41 | €64 | - | -€64 | |
| Cash at bank and in hand | 54/58 | €37,910 | €77,293 | +€39,383 | +104% |
| Deferred charges and accrued income | 490/1 | €2,123 | €2,177 | +€54 | +2.5% |
| Total equity and liabilities | 10/49 | €92,461 | €132,125 | +€39,664 | +42.9% |
| Equity | 10/15 | €37,428 | €66,131 | +€28,703 | +76.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €34,428 | €63,131 | +€28,703 | +83.4% |
| Distributable reserves | 133 | €34,428 | €63,131 | +€28,703 | +83.4% |
| Amounts payable | 17/49 | €55,033 | €65,994 | +€10,961 | +19.9% |
| Amounts payable after more than one year | 17 | €30,753 | €20,737 | -€10,016 | -32.6% |
| Financial debts | 170/4 | €30,753 | €20,737 | -€10,016 | -32.6% |
| Amounts payable within one year | 42/48 | €24,280 | €45,257 | +€20,977 | +86.4% |
| Current portion of amounts payable after more than one year | 42 | €9,502 | €10,016 | +€514 | +5.4% |
| Financial debts | 43 | - | €3,143 | +€3,143 | |
| Credit institutions | 430/8 | - | €3,143 | +€3,143 | |
| Trade debts | 44 | €390 | €10,590 | +€10,199 | +2,614% |
| Suppliers | 440/4 | €390 | €10,590 | +€10,199 | +2,614% |
| Taxes, remuneration and social security | 45 | €12,713 | €17,599 | +€4,886 | +38.4% |
| Taxes | 450/3 | €12,713 | €17,599 | +€4,886 | +38.4% |
| Other amounts payable | 47/48 | €1,674 | €3,908 | +€2,234 | +134% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,929 | €10,681 | -€1,249 | -10.5% |
| Other operating charges | 640/8 | €163 | €128 | -€35 | -21.7% |
| Gross operating margin | 9900 | €61,233 | €51,840 | -€9,393 | -15.3% |
| Operating profit (loss) | 9901 | €49,140 | €41,032 | -€8,109 | -16.5% |
| Financial charges | 65/66B | €3,847 | €2,784 | -€1,063 | -27.6% |
| Recurring financial charges | 65 | €3,847 | €2,784 | -€1,063 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €45,294 | €38,248 | -€7,046 | -15.6% |
| Income taxes | 67/77 | €10,006 | €8,712 | -€1,294 | -12.9% |
| Profit (loss) for the period | 9904 | €35,287 | €29,536 | -€5,752 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,287 | €29,536 | -€5,752 | -16.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.