NOLENS: 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.
NOLENS
Largest movements
- Receivables within one year -€18,393
down €18,393 (-16.5%), from €111,542 to €93,149
of which Other amounts receivable: -€19,951
- Tangible fixed assets -€9,194
down €9,194 (-4.0%), from €228,033 to €218,839
- Debts after one year -€26,313
down €26,313 (-46.7%), from €56,371 to €30,058
- Gross operating margin -€24,972
down €24,972 (-59.8%), from €41,731 to €16,759
- Taxes -€5,173
down €5,173, from €5,173 to -€0
- Financial charges -€3,503
down €3,503 (-44.5%), from €7,874 to €4,371
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 | €352,095 | €324,391 | -€27,704 | -7.9% |
| Fixed assets | 21/28 | €240,433 | €231,239 | -€9,194 | -3.8% |
| Tangible fixed assets | 22/27 | €228,033 | €218,839 | -€9,194 | -4.0% |
| Land and buildings | 22 | €228,033 | €218,839 | -€9,194 | -4.0% |
| Financial fixed assets | 28 | €12,400 | €12,400 | = | 0.0% |
| Current assets | 29/58 | €111,663 | €93,152 | -€18,511 | -16.6% |
| Amounts receivable within one year | 40/41 | €111,542 | €93,149 | -€18,393 | -16.5% |
| Trade receivables | 40 | €2,007 | €3,564 | +€1,557 | +77.6% |
| Other amounts receivable | 41 | €109,535 | €89,584 | -€19,951 | -18.2% |
| Cash at bank and in hand | 54/58 | €3 | €3 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €117 | €0 | -€117 | -100.0% |
| Total equity and liabilities | 10/49 | €352,095 | €324,391 | -€27,704 | -7.9% |
| Equity | 10/15 | €227,070 | €224,609 | -€2,461 | -1.1% |
| Contributions | 10/11 | €74,086 | €74,086 | = | 0.0% |
| Reserves | 13 | €152,983 | €150,523 | -€2,461 | -1.6% |
| Non-distributable reserves | 130/1 | €7,409 | €7,409 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,409 | €7,409 | = | 0.0% |
| Distributable reserves | 133 | €145,575 | €143,114 | -€2,461 | -1.7% |
| Amounts payable | 17/49 | €125,026 | €99,782 | -€25,244 | -20.2% |
| Amounts payable after more than one year | 17 | €56,371 | €30,058 | -€26,313 | -46.7% |
| Financial debts | 170/4 | €56,371 | €30,058 | -€26,313 | -46.7% |
| Amounts payable within one year | 42/48 | €68,252 | €69,479 | +€1,226 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €27,039 | €29,152 | +€2,112 | +7.8% |
| Financial debts | 43 | €0 | €76 | +€76 | +15457.1% |
| Credit institutions | 430/8 | €0 | €76 | +€76 | +15457.1% |
| Trade debts | 44 | €1,594 | €633 | -€961 | -60.3% |
| Suppliers | 440/4 | €1,594 | €633 | -€961 | -60.3% |
| Taxes, remuneration and social security | 45 | €5,225 | €5,225 | -€0 | 0.0% |
| Taxes | 450/3 | €5,225 | €5,225 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €34,394 | €34,394 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €402 | €245 | -€157 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,194 | €9,194 | = | 0.0% |
| Other operating charges | 640/8 | €5,491 | €5,656 | +€165 | +3.0% |
| Gross operating margin | 9900 | €41,731 | €16,759 | -€24,972 | -59.8% |
| Operating profit (loss) | 9901 | €27,047 | €1,910 | -€25,137 | -92.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €7,874 | €4,371 | -€3,503 | -44.5% |
| Recurring financial charges | 65 | €7,874 | €4,371 | -€3,503 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | €19,173 | -€2,461 | -€21,634 | |
| Income taxes | 67/77 | €5,173 | -€0 | -€5,173 | |
| Profit (loss) for the period | 9904 | €14,000 | -€2,461 | -€16,460 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,000 | -€2,461 | -€16,460 |
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.